Showing posts with label APM. Show all posts
Showing posts with label APM. Show all posts

Wednesday, 28 February 2024

APM at a glance

 


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Saturday, 19 August 2017

APM - re-look at a stock I used to own.

APM
19.8.2017

INCOME STATEMENT
Millions
Year …. T4Q
Revenues …. 1,255
PBT …. 88
PAT …. 62
EPS (RM) …. 0.247
No of shares (m) …. 201.6

PBT Marg …. 7.02%
NP Marg …. 4.93%

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APM
19.8.2017

INCOME STATEMENT
Millions
Year …. 2016 …. 2015 …. 2014 …. 2013 …. 2012
Revenues …. 1,237 …. 1,153 …. 1,228 …. 1,259 …. 1,123
GrProf …. 211 …. 192 …. 224 …. 267 …. 229
EBIT …. 77 …. 85 …. 124 …. 173 …. 156
Int Exp …. 3 …. 1 …. 1 …. 0 …. 1
PBT …. 86 …. 98 …. 144 …. 173 …. 155
PAT …. 49 …. 60 …. 98 …. 128 …. 114
EPS (Dil) …. 0.25 …. 0.31 …. 0.5 …. 0.66 …. 0.58
No of shr (Dil) …. 196 …. 196 …. 196 …. 196 …. 196



GP Marg …. 17.06% …. 16.65% …. 18.24% …. 21.21% …. 20.39%
PBT Marg …. 6.95% …. 8.50% …. 11.73% …. 13.74% …. 13.80%
NP Marg …. 3.96% …. 5.20% …. 7.98% …. 10.17% …. 10.15%
EBIT/Int …. 25.67 …. 85.00 …. 124.00 …. #DIV/0! …. 156.00



 BALANCE SHEET
Millions
Year …. 2016 …. 2015 …. 2014 …. 2013 …. 2012
CA …. 875 …. 893 …. 911 …. 891 …. 831
NCA …. 722 …. 666 …. 588 …. 398 …. 289
TA …. 1,597 …. 1,559 …. 1,499 …. 1,289 …. 1,120

CL …. 294 …. 284 …. 282 …. 259 …. 197
NCL …. 65 …. 54 …. 40 …. 16 …. 15
TL …. 359 …. 338 …. 322 …. 275 …. 212
Eq …. 1,238 …. 1,221 …. 1,177 …. 1,015 …. 908
TL+Eq …. 1,597 …. 1,559 …. 1,499 …. 1,289 …. 1,120



Cash …. 331 …. 406 …. 358 …. 306 …. 425
ST Debt …. 55 …. 56 …. 37 …. 13 …. 21
LT Debt …. 16 …. 0 …. 0 …. 0 …. 0
Total Debt …. 71 …. 56 …. 37 …. 13 …. 21

Inventories …. 229 …. 231 …. 228 …. 260 …. 168
AR …. 273 …. 234 …. 289 …. 281 …. 221
AP …. 316 …. 270 …. 169 …. 145 …. 103

CA-CL …. 581 …. 609 …. 629 …. 632 …. 634

TD/Eq …. 5.7% …. 4.6% …. 3.1% …. 1.3% …. 2.3%
TD/TA …. 4.4% …. 3.6% …. 2.5% …. 1.0% …. 1.9%
TL/TA …. 22.5% …. 21.7% …. 21.5% …. 21.3% …. 18.9%

CR …. 2.98 …. 3.14 …. 3.23 …. 3.44 …. 4.22
QR …. 2.20 …. 2.33 …. 2.42 …. 2.44 …. 3.37



CE …. 1,634 …. 1,681 …. 1,575 …. 1,336 …. 1,348

Average of 2 years
CE (Avg) …. 1,658 …. 1,628 …. 1,456 …. 1,342 ….
TA (Avg) …. 1,578 …. 1,529 …. 1,394 …. 1,205 ….
Eq (Avg) …. 1,230 …. 1,199 …. 1,096 …. 962 ….






CASH FLOW STATEMENT
(thousand)
Year …. 2016 …. 2015 …. 2014 …. 2013 …. 2012
Net Inc …. 83,207 …. 95,026 …. 145,285 …. 182,004 …. 159,524
D&A …. 55,221 …. 46,045 …. 32,222 …. 25,394 …. 32,698
FFO …. 133,090 …. 121,228 …. 131,840 …. 167,590 …. 151,761
CWC …. (54,725) …. 47,754 …. 42,716 …. (122,270) …. (12,629)
NetOCF …. 78,365 …. 168,982 …. 174,556 …. 45,320 …. 139,132

Capex …. (94,247) …. (105,918) …. (91,311) …. (49,779) …. (38,760)

FCF …. (10,558) …. 73,321 …. 83,346 …. (3,648) …. 110,198
Dividends …. (33,249) …. (38,144) …. (38,159) …. (90,996) …. (46,966)
RE …. 49,958 …. 56,882 …. 107,126 …. 91,008 …. 112,558


NetOCF/Net Inc …. 94.2% …. 177.8% …. 120.1% …. 24.9% …. 87.2%
FCF/Net Inc …. -12.7% …. 77.2% …. 57.4% …. -2.0% …. 69.1%
Capex/Net Inc …. 113.3% …. 111.5% …. 62.8% …. 27.4% …. 24.3%
Capex/NetOCF …. 120.3% …. 62.7% …. 52.3% …. 109.8% …. 27.9%
Capex/D&A …. 170.7% …. 230.0% …. 283.4% …. 196.0% …. 118.5%
DPO ratio …. 40.0% …. 40.1% …. 26.3% …. 50.0% …. 29.4%



VALUATION
Year …. 2016 …. 2015 …. 2014 …. 2013 …. 2012
Share Price RM …. 3.46 …. 3.85 …. 4.84 …. 5.79 …. 4.71
Market cap (m) …. 678.2 …. 754.6 …. 948.6 …. 1134.8 …. 923.2

ROCE …. 4.6% …. 5.2% …. 8.5% …. 12.9% ….
ROA …. 3.1% …. 3.9% …. 7.0% …. 10.6% ….
ROE …. 4.0% …. 5.0% …. 8.9% …. 13.3% ….

FCF/Revenues …. -0.9% …. 6.4% …. 6.8% …. -0.3% …. 9.8%

FCF/Mkt Cap …. -1.6% …. 9.7% …. 8.8% …. -0.3% …. 11.9%
DY …. 4.9% …. 5.1% …. 4.0% …. 8.0% …. 5.1%

Mkt. cap/Equity (P/B) …. 0.55 …. 0.62 …. 0.81 …. 1.12 …. 1.02
Mkt. cap/Net Inc (PE) …. 13.84 …. 12.58 …. 9.68 …. 8.87 …. 8.10


19.8.2017

Today's Price RM …. 3.81
Shares (dil) …. 201.6
Market cap (m) today …. 768.1

Mkt. cap/Equity (P/B) …. 0.62
Mkt. cap/Net Inc (PE) …. 15.68



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Thursday, 30 August 2012

APM - Return on Retained Earnings

APM
Year DPS EPS Retained EPS
2002 11.2 35.5 24.3
2003 9.2 24.2 15
2004 7.9 29.1 21.2
2005 12.2 34.8 22.6
2006 9.4 27.5 18.1
2007 10.8 26.7 15.9
2008 11.8 25.4 13.6
2009 11.3 36 24.7
2010 13.5 60.1 46.6
2011 16.5 59.5 P 43
Total 113.8 358.8 245
2002-2011
EPS increase (sen) 24.0
DPO 32%
Return on retained earnings  10%
(Figures are in sens)
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Friday, 22 June 2012

Investor's Checklist: Industrial Materials

This is a very traditional Old Economy sector, with many hard assets and high fixed costs.

Industrial materials are divided into commodity producers (steel, chemicals) and producers of noncommodity value-added goods and services (machinery, some specialty chemicals).

Buyers of commodities choose their produce on price - otherwise, commodities are the same product, regardless of who makes them.

The sales and profits of companies in this sector are very sensitive to the business cycle.

Very few industrial materials companies have any competitive advantages; the exceptions are those in concentrated industries (e.g., defense), those with a specialized niche product (e.g., Alcoa, some chemicals makers), and, above all, those that can produce their goods at the lowest cost (e.g., Nucor).

Only the most efficient producers will survive the downturn:  The best bet is to be the low-cost producer and owe little debt.

Asset turnover (total asset turnover [TATO] and fixed asset turnover [FATO] measure a manufacturing firm's efficiency.

Watch out for industrial firms with too much debt, large underfunded pension plans, and big acquisitions that distract management.


Ref:  The Five Rules for Successful Stock Investing by Pat Dorsey



Read also:
Investor's Checklist: A Guided Tour of the Market...
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Thursday, 24 November 2011

APM


Market Watch

Recent Financial Results

Announcement
Date		Financial
Yr. End		QtrPeriod EndRevenue
RM '000		Profit/Lost
RM'000		EPSAmended
17-Nov-1131-Dec-11330-Sep-11297,22032,66613.71-
18-Aug-1131-Dec-11230-Jun-11277,36031,84014.34-
18-May-1131-Dec-11131-Mar-11301,15932,08914.19-
23-Feb-1131-Dec-10431-Dec-10287,93334,84515.50-





Share Price Performance
   High
 
Low
Prices 1 Month
4.560
  (21-Oct-11)
4.350
  (22-Nov-11)
 Prices 3 Months5.020  (12-Aug-11)4.000  (18-Aug-11)
Prices 12 Months5.800  (24-Feb-11)4.000  (18-Aug-11)
Volume 12 Months11,501  (01-Jul-11)2  (03-Aug-11)
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Saturday, 11 December 2010

APM Insider Trade

Insider trade:

Date: 03/11/10
Dato Tan Heng Chew sold 2.165 million shares



APM AUTOMOTIVE HOLDINGS BERHAD 
====19/11/2010Changes in Director's Interest (S135) - Azman Badrillah
====09/11/2010Changes in Director's Interest (S135) - Dato' Tan Heng Chew
====09/11/2010Changes in Sub. S-hldr's Int. (29B) - Dato' Tan Heng Chew
====08/11/2010Changes in Sub. S-hldr's Int. (29B) - Tan Eng Soon
====08/11/2010Changes in Sub. S-hldr's Int. (29B) - Tan Chong Consolidation Sdn Bhd
====08/11/2010Changes in Sub. S-hldr's Int. (29B) - Tan Kheng Leong
====08/11/2010Changes in Director's Interest (S135) - Tan Eng Soon
====27/09/2010Changes in Director's Interest (S135) - Azman Badrillah
====15/09/2010Changes in Director's Interest (S135) - Azman Badrillah
====04/06/2010Changes in Director's Interest (S135) - Dato' Tan Heng Chew
====04/06/2010Changes in Director's Interest (S135) - Tan Eng Soon
====04/06/2010Changes in Sub. S-hldr's Int. (29B) - Tan Eng Soon
====04/06/2010Changes in Sub. S-hldr's Int. (29B) - Tan Kheng Leong
====04/06/2010Changes in Sub. S-hldr's Int. (29B) - Tan Chong Consolidated Sdn Bhd
====04/06/2010Changes in Sub. S-hldr's Int. (29B) - Dato' Tan Heng Chew
====28/04/2010Changes in Director's Interest (S135) - Azman Badrillah
====14/04/2010Changes in Director's Interest (S135) - Azman Badrillah
====09/04/2010Changes in Director's Interest (S135) - Dato' Tan Heng Chew
====11/03/2010Changes in Director's Interest (S135) - Dato' Tan Heng Chew
====11/03/2010Changes in Sub. S-hldr's Int. (29B) - Dato' Tan Heng Chew
====11/03/2010Changes in Director's Interest (S135) - Tan Eng Soon
====11/03/2010Changes in Sub. S-hldr's Int. (29B) - Tan Eng Soon
====11/03/2010Changes in Director's Interest (S135) - Tan Eng Hwa
====11/03/2010Changes in Sub. S-hldr's Int. (29B) - Wealthmark Holdings Sdn Bhd
====09/03/2010Notice of Person Ceasing (29C) - LEMBAGA TABUNG HAJI
====05/03/2010Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji
====04/03/2010Changes in Director's Interest (S135) - Azman Badrillah
====02/03/2010Changes in Director's Interest (S135) - Azman Badrillah
====02/03/2010Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji
====02/02/2010Changes in Sub. S-hldr's Int. (29B) - Tan Kheng Leong
====02/02/2010Changes in Sub. S-hldr's Int. (29B) - Tan Kheng Leong
====02/02/2010Changes in Sub. S-hldr's Int. (29B) - Tan Kheng Leong
====29/01/2010Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji
====28/01/2010Notice of Person Ceasing (29C) - Dr Tan Kang Leong
====28/01/2010Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji
====25/01/2010Changes in Director's Interest (S135) - Azman Badrillah
====25/01/2010Changes in Sub. S-hldr's Int. (29B) - Tan Chong Consolidated Sdn Bhd ("TCC")
====25/01/2010Changes in Director's Interest (S135) - Dato' Tan Heng Chew
====25/01/2010Changes in Sub. S-hldr's Int. (29B) - Dato' Tan Heng Chew
====25/01/2010Changes in Director's Interest (S135) - Tan Eng Soon
====25/01/2010Changes in Sub. S-hldr's Int. (29B) - Tan Eng Soon
====25/01/2010Notice of Person Ceasing (29C) - Parasand Limited ("Parasand")
====22/01/2010Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji
====21/01/2010Changes in Director's Interest (S135) - Azman Badrillah
====19/01/2010Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji
====15/01/2010Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji
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Thursday, 18 November 2010

APM



Date announced 18/11/2010
Quarter 30/09/2010 Qtr 3 FYE 12/31/2010

STOCK APM C0DE  5015 

Price $ 5.3 Curr. ttm-PE 8.67 Curr. DY 3.02%
LFY Div 16.00 DPO ratio 43%
ROE 16.9% PBT Margin 16.3% PAT Margin 10.9%

Rec. qRev 291477 q-q % chg -7% y-y% chq 19%
Rec qPbt 47524 q-q % chg -12% y-y% chq 57%
Rec. qEps 16.18 q-q % chg -13% y-y% chq 65%
ttm-Eps 61.10 q-q % chg 12% y-y% chq 131%

Using VERY CONSERVATIVE ESTIMATES:
EPS GR 5% Avg.H PE 8.00 Avg. L PE 6.00
Forecast High Pr 6.24 Forecast Low Pr 3.61 Recent Severe Low Pr 3.61
Current price is at Middle 1/3 of valuation zone.

RISK: Upside 36% Downside 64%
One Year Appreciation Potential 4% Avg. yield 6%
Avg. Total Annual Potential Return (over next 5 years) 10%

CPE/SPE 1.24 P/NTA 1.47 NTA 3.61 SPE 7.00 Rational Pr 4.28



Decision:
Already Owned: Buy, Hold, Sell, Filed; Review (future acq): Filed; Discard: Filed.
Guide: Valuation zones - Lower 1/3 Buy; Mid. 1/3 Maybe; Upper 1/3 Sell.

Aim:
To Buy a bargain: Buy at Lower 1/3 of Valuation Zone
To Minimise risk of Loss: Buy when risk is low i.e UPSIDE GAIN > 75% OR DOWNSIDE RISK <25%
To Double every 5 years: Seek for POTENTIAL RETURN of > 15%/yr.
To Prevent Loss: Sell immediately when fundamentals deteriorate
To Maximise Gain & Reduce Loss: Sell when CPE/SPE > 1.5, when in Upper 1/3 of Valuation Zone & Returns < 15%/yr

----

APM Automotive records higher Q3 profit
Published: 2010/11/18


APM Automotive Holdings Bhd reported a pre-tax profit of RM47.524 million for the third quarter-ended Sept 30, 2010, up 57.3 per cent from RM30.219 million in the same period last year.

The profit was achieved over an 18.6 per cent increase in revenue to RM291.477 million against RM245.746 million previously.

In a filing to Bursa Malaysia, the company said its Malaysian operations registered a 17 per cent increase in revenue on the back of higher vehicle production while its overseas revenue rose 39.2 per cent, contributed mainly by its Indonesian operations.

The company expects to maintain its current level of business for the remaining quarter and is optimistic that it will perform well for the whole year. -- Bernama



Read more: APM Automotive records higher Q3 profit http://www.btimes.com.my/Current_News/BTIMES/articles/20101118204734/Article/index_html#ixzz15dcIIHIx
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