Balance Sheet MSM Malaysia Holdings

Equities

MSM

MYL5202OO006

Food Processing

End-of-day quote BURSA MALAYSIA Other stock markets 2024-09-17			5-day change	1st Jan Change
1.110 ^MYR	+0.91%		+4.72%	-31.06%

Sep. 02	Msm Malaysia Holdings Berhad Announces Resignation of Dato' Mohd Nazrul Izam Bin Mansor as Non Independent and Non Executive Director	CI
Aug. 22	MSM Malaysia Holdings Berhad Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI

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Published financial data: MSM MALAYSIA HOLDINGS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.01B	2.18B	2.26B	2.57B	3.09B
Total Revenues	2.01B	2.18B	2.26B	2.57B	3.09B
Cost of Goods Sold, Total	1.99B	2.02B	2.1B	2.61B	3.01B
Gross Profit	14.65M	168M	161M	-45.72M	79.26M
Selling General & Admin Expenses, Total	98.83M	88.48M	94.4M	110M	101M
Provision for Bad Debts	4.58M	6.56M	4.84M	-3.23M	-1.66M
Other Operating Expenses	-5.73M	15.77M	-33.54M	-6.85M	2.55M
Other Operating Expenses, Total	97.69M	111M	65.69M	100M	102M
Operating Income	-83.04M	56.73M	95.26M	-146M	-22.34M
Interest Expense, Total	-55.31M	-48.48M	-37.3M	-31.98M	-47.76M
Interest And Investment Income	4.03M	3.84M	2.59M	4.02M	7.93M
Net Interest Expenses	-51.28M	-44.64M	-34.71M	-27.96M	-39.83M
Currency Exchange Gains (Loss)	321K	274K	3.48M	-6.44M	20.32M
Other Non Operating Income (Expenses)	-	-	3.2M	-414K	-966K
EBT, Excl. Unusual Items	-134M	12.36M	67.24M	-181M	-42.81M
Gain (Loss) On Sale Of Assets	-	18K	7.19M	1.93M	8.38M
Asset Writedown	-139M	11.78M	16.43M	-	-
Insurance Settlements	44K	-	-	432K	6.42M
Other Unusual Items	-26.82M	11.7M	-9.75M	-	-
EBT, Incl. Unusual Items	-300M	35.85M	81.1M	-179M	-28.01M
Income Tax Expense	-11.06M	31.98M	44.49M	173K	21.87M
Earnings From Continuing Operations	-288M	3.86M	36.62M	-179M	-49.88M
Earnings Of Discontinued Operations	-11.28M	-75.09M	88.74M	-	-
Net Income to Company	-300M	-71.23M	125M	-179M	-49.88M
Net Income - (IS)	-300M	-71.23M	125M	-179M	-49.88M
Net Income to Common Incl Extra Items	-300M	-71.23M	125M	-179M	-49.88M
Net Income to Common Excl. Extra Items	-288M	3.86M	36.62M	-179M	-49.88M
Per Share Items
Net EPS - Basic	-0.43	-0.1	0.18	-0.25	-0.07
Basic EPS - Continuing Operations	-0.41	0.01	0.05	-0.25	-0.07
Basic Weighted Average Shares Outstanding	703M	703M	703M	703M	703M
Net EPS - Diluted	-0.43	-0.1	0.18	-0.25	-0.07
Diluted EPS - Continuing Operations	-0.41	0.01	0.05	-0.25	-0.07
Diluted Weighted Average Shares Outstanding	703M	703M	703M	703M	703M
Normalized Basic EPS	-0.12	0.01	0.06	-0.16	-0.04
Normalized Diluted EPS	-0.12	0.01	0.06	-0.16	-0.04
Dividend Per Share	-	-	0.03	-	-
Payout Ratio	-	-	-	-11.8	-
Supplemental Items
EBITDA	476K	133M	174M	-67.52M	56.35M
EBITA	-78.37M	59.96M	98.49M	-143M	-19.11M
EBIT	-83.04M	56.73M	95.26M	-146M	-22.34M
EBITDAR	5.18M	133M	175M	-59.38M	63.37M
Effective Tax Rate - (Ratio)	3.69	89.22	54.85	-0.1	-78.07
Total Current Taxes	13.4M	34.55M	43.42M	3.14M	23.89M
Total Deferred Taxes	-24.48M	-4.05M	72K	-3.97M	-3.61M
Normalized Net Income	-83.74M	7.72M	42.02M	-113M	-26.76M
Interest Capitalized	7.67M	1.1M	880K	1.39M	2.22M
Interest on Long-Term Debt	69.49M	23.62M	37.52M	15.86M	17.84M
Supplemental Operating Expense Items
Selling and Marketing Expenses	25.27M	26.1M	28.29M	39.64M	25.68M
General and Administrative Expenses	73.56M	62.37M	66.11M	70.81M	75.03M
Net Rental Expense, Total	4.7M	624K	693K	8.14M	7.02M
Imputed Operating Lease Interest Expense	1.93M	236K	239K	2.55M	2.73M
Imputed Operating Lease Depreciation	2.78M	388K	454K	5.59M	4.29M
Maintenance & Repair Expenses, Total	49.39M	45.07M	47.86M	61.38M	77.68M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	171M	196M	178M	201M	257M
Short Term Investments	4.15M	2.99M	4.05M	3.93M	2.97M
Total Cash And Short Term Investments	175M	199M	182M	205M	260M
Accounts Receivable, Total	269M	217M	260M	242M	332M
Other Receivables	21.78M	13.37M	33.54M	44.19M	50.36M
Total Receivables	291M	230M	294M	286M	383M
Inventory	321M	274M	421M	361M	312M
Prepaid Expenses	3.64M	4M	12.25M	8.88M	13.33M
Restricted Cash	-	-	16.69M	20.04M	21.38M
Other Current Assets, Total	167M	89.66M	18.98M	7.68M	-
Total Current Assets	958M	797M	945M	888M	989M
Gross Property Plant And Equipment	2.1B	2.11B	1.99B	2.06B	2.11B
Accumulated Depreciation	-704M	-760M	-682M	-755M	-824M
Net Property Plant And Equipment	1.39B	1.35B	1.3B	1.3B	1.28B
Long-term Investments	-	-	-	-	-
Goodwill	576M	576M	576M	576M	576M
Other Intangibles, Total	54.52M	48.87M	45.94M	43.42M	40.44M
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	301K	-	-	-	-
Total Assets	2.98B	2.77B	2.87B	2.81B	2.89B
Liabilities
Accounts Payable, Total	17.13M	5.9M	5.34M	12.49M	27.5M
Accrued Expenses, Total	60.47M	113M	236M	238M	159M
Short-term Borrowings	483M	402M	379M	517M	834M
Current Portion of Long-Term Debt	26.57M	33.91M	50.24M	63.1M	69.26M
Current Portion of Leases	1.19M	1.17M	996K	1.23M	1.28M
Current Income Taxes Payable	-	-	5.29M	-	-
Other Current Liabilities	68.73M	53.95M	70.73M	109M	53.5M
Total Current Liabilities	658M	609M	747M	941M	1.14B
Long-Term Debt	610M	529M	367M	299M	230M
Long-Term Leases	4.47M	3.77M	3.55M	20.6M	19.28M
Deferred Tax Liability Non Current	51.06M	47.01M	39.91M	35.94M	32.33M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	1.32B	1.19B	1.16B	1.3B	1.43B
Common Stock, Total	718M	718M	718M	718M	718M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	248M	177M	302M	102M	52.54M
Comprehensive Income and Other	691M	686M	692M	694M	694M
Total Common Equity	1.66B	1.58B	1.71B	1.51B	1.47B
Total Equity	1.66B	1.58B	1.71B	1.51B	1.47B
Total Liabilities And Equity	2.98B	2.77B	2.87B	2.81B	2.89B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	703M	703M	703M	703M	703M
ECS Total Common Shares Outstanding	703M	703M	703M	703M	703M
Book Value / Share	2.36	2.25	2.44	2.15	2.08
Tangible Book Value	1.03B	956M	1.09B	895M	848M
Tangible Book Value Per Share	1.46	1.36	1.55	1.27	1.21
Total Debt	1.13B	969M	801M	901M	1.15B
Net Debt	951M	770M	619M	697M	894M
Debt Equivalent Oper. Leases	37.62M	4.99M	5.54M	65.12M	56.19M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	157M	178M	275M	253M	174M
Inventories - Work In Process, Total	39.8M	29.26M	42.52M	38.73M	42.61M
Inventories - Finished Goods, Total	122M	67.55M	103M	69.2M	95.14M
Inventories - Others	-	-	-	-	-
Land - (BS)	6.49M	6.49M	6.49M	6.49M	6.49M
Buildings, Total	459M	462M	435M	439M	483M
Machinery, Total	1.5B	1.52B	1.43B	1.46B	1.48B
Full Time Employees	1.25K	1.05K	1.03K	1.05K	1.11K
Accumulated Allowance for Doubtful Accounts (Supple)	3.02M	10.63M	7.6M	4.13M	2.62M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-300M	-71.23M	125M	-179M	-49.88M
Depreciation & Amortization - CF	82.49M	75.83M	78.15M	78.83M	79.05M
Amortization of Goodwill and Intangible Assets - (CF)	4.66M	3.23M	3.23M	3.22M	3.23M
Depreciation & Amortization, Total	87.15M	79.06M	81.38M	82.05M	82.28M
Amortization of Deferred Charges, Total - (CF)	4.06M	2.48M	1.46M	747K	377K
(Gain) Loss From Sale Of Asset	480K	381K	-7.19M	-1.93M	-8.38M
Asset Writedown & Restructuring Costs	141M	-9.85M	-13.77M	220K	600K
Provision and Write-off of Bad Debts	4.58M	6.56M	4.84M	-3.23M	-1.66M
Net Cash From Discontinued Operations	13.92M	-14.07M	-1.89M	-	-
Other Operating Activities, Total	124M	132M	-3.64M	23.14M	37.22M
Change In Accounts Receivable	18.4M	51.98M	-88.36M	28.89M	-108M
Change In Inventories	309M	24.64M	-177M	59.41M	45.47M
Change In Accounts Payable	-139M	35.56M	151M	16.36M	-107M
Change in Other Net Operating Assets	41.94M	5.03M	-8.71M	2.08M	-1.28M
Cash from Operations	306M	242M	63.61M	29.02M	-111M
Capital Expenditure	-25.41M	-22.27M	-41.77M	-51.02M	-56.4M
Sale of Property, Plant, and Equipment	-	1.17M	902K	11.99M	15.52M
Divestitures	-	-	181M	4.01M	-
Sale (Purchase) of Intangible assets	-586K	-596K	-1.76M	-1.45M	-629K
Other Investing Activities, Total	2.57M	4.45M	4.4M	3.64M	7.93M
Cash from Investing	-23.42M	-17.24M	143M	-32.82M	-33.58M
Short Term Debt Issued, Total	103M	61.92M	20M	-	-
Long-Term Debt Issued, Total	1.41B	1.18B	1.15B	1.31B	1.97B
Total Debt Issued	1.51B	1.24B	1.17B	1.31B	1.97B
Short Term Debt Repaid, Total	-63M	-84.92M	-67.23M	-	-
Long-Term Debt Repaid, Total	-1.68B	-1.3B	-1.27B	-1.23B	-1.72B
Total Debt Repaid	-1.74B	-1.39B	-1.34B	-1.23B	-1.72B
Common Dividends Paid	-	-	-	-21.09M	-
Common & Preferred Stock Dividends Paid	-	-	-	-21.09M	-
Other Financing Activities, Total	4.41M	-49.51M	-39.38M	-37.45M	-46.35M
Cash from Financing	-227M	-197M	-211M	27.21M	202M
Foreign Exchange Rate Adjustments	-172K	-798K	2.7M	-563K	-571K
Net Change in Cash	54.74M	26.96M	-1.84M	22.84M	57.36M
Supplemental Items
Cash Interest Paid	67.54M	51.09M	38.68M	34.1M	46.35M
Cash Income Tax Paid (Refund)	-6.58M	32.93M	30.54M	23.71M	14.21M
Levered Free Cash Flow	131M	275M	71.75M	41.27M	-184M
Unlevered Free Cash Flow	166M	305M	95.06M	61.26M	-155M
Change In Net Working Capital	-152M	-211M	3.79M	-122M	166M
Net Debt Issued / Repaid	-232M	-148M	-172M	85.75M	249M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-1.56	1.23	2.11	-3.21	-0.49
Return on Total Capital	-1.71	1.33	2.35	-3.7	-0.55
Return On Equity %	-15.94	0.24	2.22	-11.07	-3.35
Return on Common Equity	-15.94	0.24	2.22	-11.07	-3.35
Margin Analysis
Gross Profit Margin %	0.73	7.67	7.12	-1.78	2.56
SG&A Margin	4.92	4.05	4.18	4.3	3.26
EBITDA Margin %	0.02	6.08	7.7	-2.63	1.82
EBITA Margin %	-3.91	2.74	4.36	-5.57	-0.62
EBIT Margin %	-4.14	2.6	4.22	-5.69	-0.72
Income From Continuing Operations Margin %	-14.37	0.18	1.62	-6.96	-1.61
Net Income Margin %	-14.94	-3.26	5.55	-6.96	-1.61
Net Avail. For Common Margin %	-14.37	0.18	1.62	-6.96	-1.61
Normalized Net Income Margin	-4.17	0.35	1.86	-4.41	-0.87
Levered Free Cash Flow Margin	6.53	12.58	3.18	1.61	-5.96
Unlevered Free Cash Flow Margin	8.26	13.97	4.21	2.39	-5
Asset Turnover
Asset Turnover	0.6	0.76	0.8	0.9	1.08
Fixed Assets Turnover	1.28	1.59	1.7	1.97	2.39
Receivables Turnover (Average Receivables)	8.05	8.99	9.47	10.22	10.77
Inventory Turnover (Average Inventory)	3.98	6.77	6.03	6.68	8.96
Short Term Liquidity
Current Ratio	1.46	1.31	1.26	0.94	0.86
Quick Ratio	0.71	0.7	0.64	0.52	0.56
Operating Cash Flow to Current Liabilities	0.46	0.4	0.09	0.03	-0.1
Days Sales Outstanding (Average Receivables)	45.34	40.73	38.55	35.72	33.9
Days Outstanding Inventory (Average Inventory)	91.74	54.07	60.48	54.61	40.74
Average Days Payable Outstanding	19.64	2.14	0.91	1.27	2.46
Cash Conversion Cycle (Average Days)	117.43	92.66	98.12	89.06	72.18
Long Term Solvency
Total Debt/Equity	67.92	61.29	46.78	59.51	78.75
Total Debt / Total Capital	40.45	38	31.87	37.31	44.06
LT Debt/Equity	37.08	33.67	21.66	21.13	17.01