SYNE—58

Synergy House Bhd

Home FurnishingsVerified

Score breakdown

Profitability+32Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion96AI synthesis40Observations13

Synergy House Bhd maintains a conservative capital structure with a debt-to-equity ratio of 0.42, indicating a relatively low reliance on debt financing [doc:HA-latest]. The company's liquidity position is characterized as medium, with a current ratio of 2.33, suggesting it can cover its short-term obligations but with limited excess capacity [doc:HA-latest]. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints [doc:HA-latest]. Profitability metrics reveal a return on equity (ROE) of 3.27% and a return on assets (ROA) of 1.9%, both below the industry median for home furnishings firms. These figures suggest that Synergy House Bhd is underperforming in terms of capital efficiency and asset utilization compared to its peers [doc:HA-latest]. The company's revenue is primarily concentrated in the home furniture segment, with no disclosed geographic diversification beyond international B2C markets. This concentration increases exposure to demand fluctuations in the home furnishings sector and potential supply chain disruptions [doc:HA-latest]. Growth trajectory appears modest, with no disclosed revenue growth rates or forward-looking guidance. The company's operating cash flow of MYR 9.47 million and free cash flow of MYR 2.12 million indicate limited capacity for reinvestment or shareholder returns [doc:HA-latest]. Capital expenditures were negative at MYR -1.52 million, suggesting asset write-downs or reduced investment in production capacity [doc:HA-latest]. Risk factors include a medium liquidity risk due to the current ratio and negative net cash position. The company's dilution risk is assessed as low, with no recent share issuance or dilutive events reported. However, the absence of disclosed dilution sources does not preclude future capital-raising activities [doc:HA-latest]. Recent events include no disclosed filings or transcripts, but the company's ESG controversies score of 100.0 indicates significant governance and social risks. The low governance pillar score of 45.8 and social pillar score of 10.5 suggest potential reputational and operational vulnerabilities [doc:HA-latest].

Profile

CompanySynergy House Bhd

TickerSYNE.KL

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryHome Furnishings

AI analysis

Business. Synergy House Bhd is a Malaysia-based cross-border e-commerce seller and furniture exporter specializing in ready-to-assemble (RTA) home furniture, generating revenue through both business-to-business (B2B) and business-to-consumer (B2C) sales channels [doc:HA-latest].

Classification. Synergy House Bhd is classified under the Consumer Cyclicals economic sector, Cyclical Consumer Products business sector, and Home Furnishings industry with a confidence level of 0.92 [doc:verified market data].

Key takeaways

Synergy House Bhd operates in a competitive home furnishings sector with low profitability metrics.
The company's capital structure is conservative, but liquidity constraints may limit operational flexibility.
Revenue concentration in a single product category and international B2C markets increases demand and supply chain risks.
Limited growth and reinvestment capacity suggest a defensive investment profile.
ESG controversies and low governance scores highlight potential reputational and operational risks.
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Financial snapshot

PeriodHA-latest

CurrencyMYR

Revenue$311.0M

Gross profit$80.3M

Operating income$61.2M

Net income$4.3M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$9.5M

CapEx-$1.5M

Free cash flow$2.1M

Total assets$227.7M

Total liabilities$95.7M

Total equity$131.9M

Cash & equivalents—

Long-term debt$55.6M

Annual history (last 5)

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Quarterly history (last 4)

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Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$131.9M

Net cash-$55.6M

Current ratio2.3

Debt/Equity0.4

ROA1.9%

ROE3.3%

Cash conversion2.2%

CapEx/Revenue-0.5%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Home Furnishings · cohort 2 companies

MetricSYNEActivity

Op margin19.7%7.3% medp25 5.9% · p75 8.7%top quartile

Net margin1.4%4.3% medp25 3.9% · p75 4.7%bottom quartile

Gross margin25.8%33.2% medp25 28.5% · p75 37.9%bottom quartile

R&D / revenue—0.4% medp25 0.4% · p75 0.4%

CapEx / revenue-0.5%3.2% medp25 2.7% · p75 3.6%bottom quartile

Debt / equity42.0%84.0% medp25 52.4% · p75 115.6%bottom quartile

Observations

IR observations

market data ESG controversies score100.0

market data ESG governance pillar45.8

market data ESG social pillar10.5

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-03 18:57 UTC#6cd7ad39

Source: analysis-pipeline (hybrid)Generated: 2026-05-03 18:59 UTCJob: 91099e99