Astral Asia Bhd

Astral Asia Bhd exhibits a capital structure with a debt-to-equity ratio of 0.16, indicating a relatively low leverage position. However, the company's liquidity is rated as medium, with a current ratio of 0.56, suggesting potential short-term liquidity constraints. The company's cash and equivalents amount to 543,000 MYR, which is significantly lower than its long-term debt of 26,550,000 MYR, resulting in a negative net cash position.

Profitability metrics reveal a challenging financial position. The company reported a net loss of 1,477,000 MYR and an operating loss of 1,420,000 MYR. Return on equity (ROE) is negative at -0.009, and return on assets (ROA) is also negative at -0.0044. These figures indicate that the company is not generating returns for its shareholders or effectively utilizing its assets.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to market-specific risks. The company's operating cash flow is negative at -153,000 MYR, and free cash flow is also negative at -2,445,000 MYR, indicating that the company is not generating sufficient cash from operations to fund its activities.

Looking ahead, the company's growth trajectory is uncertain. The most recent actual revenue was 78,684,000 MYR, and the last actual EPS was 0.01 MYR. These figures suggest a lack of significant growth in recent periods. The company's capital expenditure of -2,017,000 MYR indicates ongoing investment, but the negative free cash flow suggests that these investments are not yet generating positive returns.

Risk factors include medium liquidity risk and a negative net cash position after subtracting total debt. The company's dilution risk is rated as low, with no near-term pressure expected. However, the negative operating and free cash flows indicate potential financial stress that could lead to future dilution if not addressed.

Recent financial filings and transcripts do not provide additional insights into the company's strategic direction or operational performance. The company's financial statements highlight ongoing losses and liquidity constraints, which may impact its ability to sustain operations without external financing.

Revenue surged 27.3% year-over-year to MYR 23.6 million in fiscal 2009, demonstrating strong top-line growth momentum.

Free cash flow improved significantly by 55.6% year-over-year, indicating better cash generation despite ongoing operational losses.

Net income narrowed losses by 12.9% year-over-year, suggesting a gradual trend toward improved profitability and cost control.

The debt-to-equity ratio of 0.16 is well below the cohort median of 0.36, indicating a conservative leverage position.

Analyst consensus implies a massive upside potential of 166,566.7% from the current market price of MYR 0.09.

The company recorded a net loss of MYR 3.1 million in fiscal 2009, continuing a five-year streak of negative net income.

Long-term debt increased to MYR 33.2 million in fiscal 2009, reflecting a rising liability burden over the past five years.

Cash conversion ratio of 0.1 is far below the cohort median of 0.96, highlighting poor efficiency in converting sales to cash.

Revenue MYR 7.7M, +44,4% YoY; Operating income +1 178,6% YoY.

• ▍Revenue MYR 7.7M, +44,4% YoY
• ▍Operating income +1 178,6% YoY
• ▍Net income +128,7% YoY
• ▍Free cash flow +135,9% YoY
• ▍Net margin 2.4%

Revenue MYR 5.6M, +16,3% YoY; Operating income −904,1% YoY.

• ▍Revenue MYR 5.6M, +16,3% YoY
• ▍Operating income −904,1% YoY
• ▍Net income −130,9% YoY
• ▍Free cash flow +11,3% YoY
• ▍Net margin -17.0%

Revenue MYR 4.1M, +23,4% YoY; Operating income +12,4% YoY.

• ▍Revenue MYR 4.1M, +23,4% YoY
• ▍Operating income +12,4% YoY
• ▍Net income +21,1% YoY
• ▍Free cash flow +37,5% YoY
• ▍Net margin -28.2%

Revenue MYR 5.0M; Operating income -MYR 570.2k.

• ▍Revenue MYR 5.0M
• ▍Operating income -MYR 570.2k
• ▍Net margin -20.1%

Revenue MYR 5.4M; Operating income -MYR 145.0k.

• ▍Revenue MYR 5.4M
• ▍Operating income -MYR 145.0k
• ▍Net margin -11.9%

Revenue MYR 4.8M; Operating income MYR 73.0k.

• ▍Revenue MYR 4.8M
• ▍Operating income MYR 73.0k
• ▍Net margin -8.6%

Revenue MYR 3.3M; Operating income -MYR 1.4M.

• ▍Revenue MYR 3.3M
• ▍Operating income -MYR 1.4M
• ▍Net margin -44.2%

Revenue MYR 23.6M, +27,3% YoY; Operating income −13,7% YoY.

• ▍Revenue MYR 23.6M, +27,3% YoY
• ▍Operating income −13,7% YoY
• ▍Net income +12,9% YoY
• ▍Free cash flow +55,6% YoY
• ▍Net margin -13.0%

Revenue MYR 18.6M, +29,7% YoY; Operating income +83,8% YoY.

• ▍Revenue MYR 18.6M, +29,7% YoY
• ▍Operating income +83,8% YoY
• ▍Net income +61,4% YoY
• ▍Free cash flow +42,6% YoY
• ▍Net margin -19.1%

Revenue MYR 14.3M, −30,4% YoY; Operating income −950,9% YoY.

• ▍Revenue MYR 14.3M, −30,4% YoY
• ▍Operating income −950,9% YoY
• ▍Net income −145,4% YoY
• ▍Free cash flow −13 017,8% YoY
• ▍Net margin -64.1%

Revenue MYR 20.6M, +8,5% YoY; Operating income +81,1% YoY.

• ▍Revenue MYR 20.6M, +8,5% YoY
• ▍Operating income +81,1% YoY
• ▍Net income +38,4% YoY
• ▍Free cash flow +98,0% YoY
• ▍Net margin -18.2%

Revenue MYR 19.0M; Operating income -MYR 6.4M.

• ▍Revenue MYR 19.0M
• ▍Operating income -MYR 6.4M
• ▍Net margin -32.0%