TIME dotCom Bhd

TIME dotCom Bhd maintains a strong liquidity position, with a current ratio of 3.41 and cash and equivalents amounting to MYR 1.31 billion, which is significantly higher than its short-term liabilities. The company's liquidity FPT (free cash flow to total liabilities) is supported by a robust cash position, indicating a low liquidity risk.

The company's profitability is reflected in its return on equity (ROE) of 2.78% and return on assets (ROA) of 2.14%. These figures are in line with the industry's preferred metrics, suggesting that TIME dotCom Bhd is generating returns comparable to its peers. The operating margin of 31.2% (calculated from operating income of MYR 130.2 million on revenue of MYR 417.8 million) indicates a healthy margin profile.

TIME dotCom Bhd's revenue is primarily concentrated in Malaysia, with no disclosed segmental breakdown. The company's exposure is largely domestic, and there is no indication of significant geographic diversification. This concentration may pose a risk if the domestic market experiences economic downturns or regulatory changes.

The company's growth trajectory is modest, with no significant revenue growth reported in the latest financial period. The outlook for the current fiscal year suggests a stable revenue performance, with no major changes expected in the near term. The capital expenditure of MYR 83.3 million indicates ongoing investment in infrastructure, which is typical for a telecommunications company.

The risk assessment for TIME dotCom Bhd indicates a low risk of dilution and no immediate liquidity concerns. The company's debt-to-equity ratio of 0.02 suggests a conservative capital structure with minimal leverage. There are no significant dilution risks in the near term, and the company's free cash flow, although negative at MYR 201.1 million, is not indicative of a liquidity crisis given the high cash reserves.

Recent events and filings do not indicate any material changes in the company's operations or financial position. The company's stock has a mean price target of MYR 6.28, with a median of MYR 6.35, suggesting a generally positive outlook from analysts. The recommendation mean of 2.60 indicates a slight bias towards a hold or buy rating, with seven analysts recommending a hold.

Operating and net margins are best-in-class, significantly exceeding the Integrated Telecommunications Services cohort medians of 9.5% and 5.8%.

The company maintains a low leverage band with a debt-to-equity ratio of 0.18, well below the cohort median of 0.46.

Revenue demonstrates consistent growth with a 4-year CAGR of 8.7%, rising from MYR 1.29 billion in 2022 to MYR 1.79 billion in 2026.

Analysts project a 4.5% upside to the mean price target of MYR 6.28, reflecting a consensus hold recommendation from ten analysts.

The firm exhibits low risk flags for dilution, liquidity, and credit, suggesting a stable financial profile with minimal immediate threats.

Net income growth is sluggish with a 4-year CAGR of only 2.2%, lagging behind the 8.7% revenue growth rate.

Cash conversion ratio of 1.28 is below the cohort median of 1.43, suggesting weaker efficiency in converting earnings to cash.

Revenue MYR 1.79B, +6,1% YoY; Operating income +13,8% YoY.

• ▍Revenue MYR 1.79B, +6,1% YoY
• ▍Operating income +13,8% YoY
• ▍Net income +11,8% YoY
• ▍Free cash flow −143,3% YoY
• ▍Net margin 23.9%

Revenue MYR 1.69B, +6,2% YoY; Operating income +14,8% YoY.

• ▍Revenue MYR 1.69B, +6,2% YoY
• ▍Operating income +14,8% YoY
• ▍Net income −85,1% YoY
• ▍Free cash flow +76,4% YoY
• ▍Net margin 22.6%

Revenue MYR 1.59B, +9,4% YoY; Operating income −23,6% YoY.

• ▍Revenue MYR 1.59B, +9,4% YoY
• ▍Operating income −23,6% YoY
• ▍Net income +471,0% YoY
• ▍Free cash flow −228,7% YoY
• ▍Net margin 161.5%

Revenue MYR 1.45B, +13,2% YoY; Operating income +6,8% YoY.

• ▍Revenue MYR 1.45B, +13,2% YoY
• ▍Operating income +6,8% YoY
• ▍Net income +14,4% YoY
• ▍Free cash flow −197,1% YoY
• ▍Net margin 30.9%

Revenue MYR 1.29B; Operating income MYR 470.7M.

• ▍Revenue MYR 1.29B
• ▍Operating income MYR 470.7M
• ▍Net margin 30.6%