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Utilities

YTL Corp Bhd.

  • 1.22 MYR
  • +0.03
  • +2.52%
  • Malaysia
    Sep 21, 2018
  • Ticker
    KLS(4677)
  • Prev. close
    1.19
  • Market cap (MYR)
    12,983.56M
  • Market cap (USD)
    3,143.71M
  • Shares
    10,910.55M

Company Background

YTL is an ethnic Chinese-owned conglomerate that is involved in utilities, property development, telecommunications and transport.

Established in 1955 as a construction company, YTL -- through its subsidiary YTL Power International -- has evolved into a leading utilities provider in Australia, Indonesia, Malaysia, Singapore and the U.K. In Malaysia, it owns two gas-fired power plants with a capacity of 1,212 megawatts.

YTL wholly owns Wessex Water, a water and sewerage operator in the U.K., which the company acquired from defunct U.S. electricity trader Enron. These utilities contributed about 80% of the group's revenue.

The company owns luxury hotels in Europe, Japan, Malaysia and Thailand.

YTL is headed by Managing Director Francis Yeoh Sock Ping, a civil engineer by training, together with his siblings. He is the eldest son of the founder, Yeoh Tiong Lay, after whom the company is named. The Yeoh family owns a majority of YTL's shareholdings. YTL has three listed subsidiaries in Malaysia and another in Singapore. It is also dual-listed on the Tokyo Stock Exchange.

Business Summary

YTL Corp. Bhd. is an investment holding and management company, which engages in the ownership and management of regulated utilities and infrastructural assets. It operates through the following segments: Construction; Information Technology and e-Commerce Related Business; Hotel Operations; Cement Manufacturing and Trading; Cement Management Services and Others; Property Investment & Development; and Utilities. The Construction segment involves in constructing buildings, schools, army barracks, hospitals, hotels and office blocks, and infrastructure projects. The Information Technology and e-Commerce Related Business segment includes developing, owning, and operating digital media networks and wireless fixed broadband services. The Hotel Operations segment offers owning and managing hotels and resorts. The Cement Manufacturing and Trading segment involves in manufacturing and trading ready-mixed concrete, aggregates, and cement. The Management Services and Others segment provides maintenance and monitoring services for power stations, and cement plants. The Property Investment and Development segment includes developing residential houses, apartments, and condominiums. The Utilities segment consists of water and sewerage operations; power generation and merchant multi-utilities; and power transmission, generation, and communications business. The company was founded by Yeoh Tiong Lay in 1955 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Jun 2018 MYRUSD
Revenue15,859.06M3,891.60M
Gross Profit4,516.75M1,108.35M
Operating income2,611.48M640.82M
Income before tax1,007.53M247.23M
Net income361.88M88.80M
EBITDA4,158.42M1,020.42M
Diluted EPS0.030.00
Dividends Per Share0.040.00
Total Assets71,330.96M17,658.36M
Total liabilities49,081.94M12,150.50M
Total equity13,997.17M3,465.07M
Operating cash flow2,030.57M498.27M
Currency in MYRCurrency in USD

Historical Data

 Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018
Revenue 19,269.23M 16,754.72M 15,377.50M 14,682.17M 15,859.06M
Gross Profit 4,844.57M 4,568.48M 4,451.69M 4,102.42M 4,516.75M
Operating income 3,040.64M 2,983.94M 2,713.10M 2,443.80M 2,611.48M
Income before tax 2,561.92M 2,026.08M 1,617.44M 1,255.40M 1,007.53M
Net income 1,554.98M 1,017.64M 916.43M 813.30M 361.88M
EBITDA 4,649.70M 4,765.56M 4,407.70M 4,009.65M 4,158.42M
Diluted EPS 0.14 0.09 0.08 0.07 0.03
Dividends Per Share 0.10 0.09 0.09 0.04 0.04
Total Assets 61,176.54M 66,890.91M 67,511.69M 74,971.41M 71,330.96M
Total liabilities 41,123.72M 45,778.46M 45,145.62M 51,571.83M 49,081.94M
Total equity 14,312.69M 14,546.54M 14,529.63M 14,800.06M 13,997.17M
Operating cash flow 4,306.28M 3,120.13M 2,866.71M 2,187.75M 2,030.57M
 Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018
Revenue 5,938.34M 4,848.42M 3,719.34M 3,426.22M 3,891.60M
Gross Profit 1,492.98M 1,322.01M 1,076.72M 957.33M 1,108.35M
Operating income 937.05M 863.48M 656.21M 570.28M 640.82M
Income before tax 789.52M 586.30M 391.21M 292.96M 247.23M
Net income 479.20M 294.48M 221.65M 189.79M 88.80M
EBITDA 1,432.93M 1,379.04M 1,066.08M 935.69M 1,020.42M
Diluted EPS 0.04 0.02 0.02 0.01 0.00
Dividends Per Share 0.03 0.02 0.02 0.01 0.00
Total Assets 19,052.17M 17,728.84M 16,746.04M 17,465.06M 17,658.36M
Total liabilities 12,807.13M 12,133.17M 11,198.21M 12,013.98M 12,150.50M
Total equity 4,457.39M 3,855.43M 3,604.02M 3,447.76M 3,465.07M
Operating cash flow 1,327.09M 902.89M 693.37M 510.53M 498.27M

Valuation Measures

Jun 2018
PER32.84
ROA0.49%
ROE2.51%
Operating margin16.46%
Profit margin2.28%

Key executives

  • Managing Director & Executive Director: Francis Yeoh
  • Executive Director & Deputy Managing Director: Seok Kian Yeoh
  • Secretary: Say Keng Ho

Shareholders

  • Yeoh Tiong Lay & Sons Holdings Sdn. Bhd. (48.7%)
  • Employees Provident Fund (6.0%)
  • YTL Corp Bhd. (3.1%)
  • Permodalan Nasional Bhd. (2.5%)
  • Jamaican Gold Ltd. (2.3%)
  • Tien Shia International Ltd. (1.9%)
  • Orchestral Harmony Ltd. (1.8%)
  • Water City Ltd. (1.7%)
  • Steeloak International Ltd. (1.6%)
  • Velvet Properties Ltd. (1.4%)

Contact Details

  • Website:http://www.ytl.com
  • Address: Yeoh Tiong Lay Plaza, 55 Jalan Bukit Bintang, Kuala Lumpur, 55100, Malaysia
  • Phone: +60.3.2142.6633

Related Companies

  • YTL Corp. Finance (Cayman) Ltd.
  • Threadneedles Hotel Ltd.
  • Titiwangsa Development Sdn. Bhd.
  • Monkey Island Properties Ltd.
  • Katagreen Development Sdn. Bhd.
  • Star Hill Hotel Sdn. Bhd.
  • YTL Energy Sdn. Bhd.
  • Island Air Sdn. Bhd.
  • Cornerstone Crest Sdn. Bhd.
  • YTL Cayman Ltd.
  • YTL Vacation Club Bhd.
  • Prisma Tulin Sdn. Bhd.
  • Star Hill Living.Com Sdn. Bhd.
  • SV Carbon Sdn. Bhd.
  • Divine View Sdn. Bhd.
  • YTL Corp. Finance (Labuan) Ltd.
  • Perwira YTL Corp. Sdn. Bhd.
  • Syarikat Pembenaan Yeoh Tiong Lay Sdn. Bhd.
  • Pintar Projek Sdn. Bhd.
  • YTL Hotels & Properties Sdn. Bhd.
  • YTL Hospitality REIT
  • YTL Land Sdn. Bhd.
  • Autodome Sdn. Bhd.
  • YTL e-Solutions Bhd.
  • YTL Industries Bhd.
  • YTL Power Services Sdn. Bhd.
  • YTL Land & Development Bhd.
  • YTL Power International Bhd.

Competitors

    Last Updated on 21 Sep, 2018

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