Iconic Worldwide Bhd

Iconic Worldwide Bhd has a debt-to-equity ratio of 0.62, indicating a moderate level of leverage, and a current ratio of 1.13, suggesting limited short-term liquidity cushion. The company's free cash flow is negative at -3.952 million MYR, and its operating cash flow is 3.614 million MYR, highlighting a mismatch between operating performance and capital outflows.

The company's profitability is weak, with a return on equity of -3.2% and a return on assets of -1.72%. These metrics fall significantly below the industry's preferred performance benchmarks, indicating underperformance relative to its peers.

Iconic Worldwide Bhd's revenue is not segmented by product or geographic region in the available data, making it difficult to assess revenue concentration or geographic exposure. However, the lack of segment reporting suggests a potentially undiversified business model.

The company's growth trajectory is uncertain, with no specific revenue growth or decline figures provided in the outlook. The operating income and net income are negative, indicating a need for operational improvements to achieve profitability.

The risk assessment highlights medium liquidity risk and low dilution risk. The company's net cash position is negative after accounting for total debt, which could constrain its ability to fund operations or investments without external financing.

Recent financial filings show a last actual EPS of -0.10 MYR, reflecting the company's current earnings challenges. No recent transcripts or additional filings are available to provide further insight into the company's strategic direction or operational changes.

Net income surged 102.7% year-over-year to MYR 3.15 million, signaling a strong operational turnaround from the prior fiscal year's significant losses.

Operating income jumped 107.4% to MYR 8.19 million, demonstrating substantial improvement in core business profitability compared to the previous period.

Free cash flow turned positive at MYR 5.19 million, reversing the consistent negative cash flow trend observed in the preceding four fiscal years.

Gross profit recovered to MYR 12.10 million, indicating improved cost management or pricing power after two consecutive years of negative gross margins.

Long-term debt decreased slightly to MYR 95.65 million, suggesting a modest reduction in leverage amidst the company's financial restructuring efforts.

The debt-to-equity ratio of 0.62 is in the bottom quartile of peers, signaling higher financial leverage and potential solvency risks compared to industry norms.

Cash conversion is -0.70, ranking in the bottom quartile of the cohort, which suggests poor ability to translate earnings into actual cash.

Revenue MYR 12.3M; Operating income MYR 3.2M.

• ▍Revenue MYR 12.3M
• ▍Operating income MYR 3.2M
• ▍Net margin 15.6%

Revenue MYR 5.6M; Operating income -MYR 93.6M.

• ▍Revenue MYR 5.6M
• ▍Operating income -MYR 93.6M
• ▍Net margin -1696.6%

Revenue MYR 14.9M; Operating income -MYR 3.8M.

• ▍Revenue MYR 14.9M
• ▍Operating income -MYR 3.8M
• ▍Net margin -34.8%

Revenue MYR 50.3M, −42,0% YoY; Operating income −427,4% YoY.

• ▍Revenue MYR 50.3M, −42,0% YoY
• ▍Operating income −427,4% YoY
• ▍Net income −375,1% YoY
• ▍Net margin -232.7%

Revenue MYR 86.8M, −18,9% YoY; Operating income −247,2% YoY.

• ▍Revenue MYR 86.8M, −18,9% YoY
• ▍Operating income −247,2% YoY
• ▍Net income −356,9% YoY
• ▍Free cash flow −77,0% YoY
• ▍Net margin -28.4%

Revenue MYR 107.1M, +117,9% YoY; Operating income +61,2% YoY.

• ▍Revenue MYR 107.1M, +117,9% YoY
• ▍Operating income +61,2% YoY
• ▍Net income +8,6% YoY
• ▍Free cash flow +65,1% YoY
• ▍Net margin 9.0%

Revenue MYR 49.2M; Operating income MYR 8.9M.

• ▍Revenue MYR 49.2M
• ▍Operating income MYR 8.9M
• ▍Net margin 18.0%