Top Glove Corp. Bhd.
- 5.00 MYR
- -0.05
- -0.99%
Malaysia
May 21, 2019Ticker
KLS(7113)Prev. close
5.05Market cap (MYR)
12,930.93MMarket cap (USD)
3,089.09MShares
2,560.58M
In the news
- Top Glove to spend about 400 million ringgit in annual capex Jan 8, 2019
- Tech share retreat drags Nikkei Asia300 Index lower May 15, 2018
- Nikkei Asia300 Index slides as rising US yields, trade woes hurt Apr 23, 2018
- Singapore, Malaysia equities rebound as concerns over US-China trade war ease Apr 5, 2018
- Singapore, Malaysia stocks post weekly gains as U.S. rate concerns ease Mar 16, 2018 See more articles on Top Glove Corp. Bhd.
Company Background
Top Glove is the world's largest natural rubber glove maker, exporting to over 195 countries. The Malaysia-based company produces latex and nitrile gloves for health care providers and manufacturers, as well as households.
Chairman Lim Wee Chai, who had been a salesman, and his wife founded the company in 1991, when rubber prices were low and the glove industry was booming. In the mid-1990s, rubber prices rose and the industry went through consolidation; a number of rivals were squeezed out of business.
Top Glove, which started out with three production lines, now has about 500. The company turns out 48 billion gloves a year, accounting for about a quarter of the global market. The group rings up more than half of its sales in Europe and North America, but Top Glove believes demand for gloves in other regions, especially Asia, will continue to increase as populations grow.
Lim is considered a hands-on manager and adheres to a philosophy of efficiently investing $1 for every $2 earned. To save on energy costs, he keeps the air conditioning in his office set at a relatively toasty 25 C.
Business Summary
Financial Highlights
| Aug 2018 | MYR | USD |
| Revenue | 4,214.48M | 1,043.53M |
| Gross Profit | 846.87M | 209.69M |
| Operating income | 541.75M | 134.14M |
| Income before tax | 528.59M | 130.88M |
| Net income | 434.21M | 107.51M |
| EBITDA | 682.85M | 169.07M |
| Diluted EPS | 0.16 | 0.04 |
| Dividends Per Share | 0.08 | 0.02 |
| Total Assets | 5,270.56M | 1,282.53M |
| Total liabilities | 2,876.79M | 700.03M |
| Total equity | 2,378.48M | 578.77M |
| Operating cash flow | 354.21M | 87.70M |
| Currency in MYR | Currency in USD |
Historical Data
| Aug 2014 | Aug 2015 | Aug 2016 | Aug 2017 | Aug 2018 | |
| Revenue | 2,275.36M | 2,510.51M | 2,888.51M | 3,409.17M | 4,214.48M |
| Gross Profit | 383.45M | 554.90M | 595.54M | 605.31M | 846.87M |
| Operating income | 174.49M | 350.59M | 386.70M | 351.99M | 541.75M |
| Income before tax | 216.31M | 363.53M | 442.20M | 385.04M | 528.59M |
| Net income | 180.52M | 279.78M | 360.72M | 330.66M | 434.21M |
| EBITDA | 266.07M | 448.67M | 492.48M | 458.03M | 682.85M |
| Diluted EPS | 0.07 | 0.11 | 0.14 | 0.13 | 0.16 |
| Dividends Per Share | 0.04 | 0.05 | 0.07 | 0.07 | 0.08 |
| Total Assets | 1,933.16M | 2,687.93M | 2,649.14M | 2,990.17M | 5,270.56M |
| Total liabilities | 535.61M | 1,073.53M | 823.30M | 925.74M | 2,876.79M |
| Total equity | 1,393.38M | 1,607.96M | 1,818.01M | 2,055.23M | 2,378.48M |
| Operating cash flow | 318.82M | 364.09M | 466.98M | 399.10M | 354.21M |
| Aug 2014 | Aug 2015 | Aug 2016 | Aug 2017 | Aug 2018 | |
| Revenue | 703.22M | 700.51M | 695.95M | 787.27M | 1,043.53M |
| Gross Profit | 118.50M | 154.83M | 143.49M | 139.78M | 209.69M |
| Operating income | 53.93M | 97.82M | 93.17M | 81.28M | 134.14M |
| Income before tax | 66.85M | 101.43M | 106.54M | 88.91M | 130.88M |
| Net income | 55.79M | 78.06M | 86.91M | 76.35M | 107.51M |
| EBITDA | 82.23M | 125.19M | 118.65M | 105.77M | 169.07M |
| Diluted EPS | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 |
| Dividends Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Total Assets | 613.31M | 639.98M | 653.22M | 700.19M | 1,282.53M |
| Total liabilities | 169.92M | 255.60M | 203.00M | 216.77M | 700.03M |
| Total equity | 442.06M | 382.84M | 448.28M | 481.26M | 578.77M |
| Operating cash flow | 98.53M | 101.59M | 112.51M | 92.16M | 87.70M |
Valuation Measures
| Aug 2018 | |
| PER | 32.84 |
| ROA | 10.51% |
| ROE | 19.58% |
| Operating margin | 12.85% |
| Profit margin | 10.30% |
Key executives
- Managing Director & Director: Kim Meow Lee
- Senior General Manager-Finance: Say Keong Liew
- Executive Director: Cheong Guan Lim
- Senior General Manager-Marketing: Noraziah Mahmud
- Senior General Manager-Marketing: Yat Hing Lam
Shareholders
- LIM WEE CHAI (26.7%)
- Firstway United Corp. (7.1%)
- Employees Provident Fund (6.5%)
- Kumpulan Wang Persaraan (5.1%)
- Public Mutual Bhd. (3.2%)
- The Vanguard Group, Inc. (2.2%)
- MFP Capital Corp. (1.7%)
- Bank of Singapore Ltd. (1.7%)
- Norges Bank Investment Management (1.7%)
- LIM HOOI SIN (1.5%)
Contact Details
- Website:http://www.topglove.com.my
- Address: Level 21, Top Glove Tower, 16, Persiaran Setia Dagang, Setia Alam, Shah Alam, 40170, Malaysia
- Phone: +60.3.3362.3098
Related Companies
- A1 Glove Sdn. Bhd.
- Top Glove Properties Sdn. Bhd.
- Suizze Health Ltd.
- Top Feel Sdn. Bhd.
- Eastern Press Sdn. Bhd.
- Great Glove (Thailand) Co. Ltd.
- Medi Flex Pte Ltd.
- Top Glove Chemicals Sdn. Bhd.
- Great Glove (Xing Hua) Co. Ltd.
- GMP Medicare Sdn. Bhd.
- Aspion Sdn. Bhd.
- Top Care Sdn. Bhd.
- TG Medical USA, Inc.
- Top Glove Engineering Sdn. Bhd.
- Great Gloves Sdn. Bhd.
- TG Medical Sdn. Bhd.
- Top Glove Sdn. Bhd.
Competitors
- Hartalega Holdings Bhd.
- Sri Trang Agro-Industry Public Co. Ltd.
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Last Updated on 21 May, 2019