Avangaad Bhd
Avangaad Bhd has a debt-to-equity ratio of 1.8, indicating a capital structure that is significantly leveraged. The company's current ratio of 0.27 suggests a liquidity challenge, as current assets are insufficient to cover current liabilities. The operating cash flow of MYR 6.27 million is positive but modest, and the company has a negative net cash position after subtracting total debt. This liquidity profile raises concerns about the company's ability to meet short-term obligations without external financing. In terms of profitability, Avangaad Bhd reported a gross profit of MYR 13.94 million on revenue of MYR 31.20 million, resulting in a gross margin of 44.7%. However, the company's operating income is reported as zero, which is a significant concern given the industry's emphasis on operational efficiency and cost control. The company's return on invested capital (ROIC) and other profitability metrics are not provided, but the absence of operating income suggests a need for further scrutiny of cost structures and revenue generation strategies. The company's revenue is not segmented by geographic region or business line in the provided data, making it difficult to assess geog
Business. Avangaad Bhd (AVAG.KL) is a Malaysia-based company operating in the marine freight and logistics industry within the broader transportation sector. The firm generates service revenue through its shipping activities, with key performance indicators including fleet utilization rates and time charter equivalent day-rates. It is primarily listed on Bursa Malaysia. Specific details regarding operating segments and geographic revenue mix are not available.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Synthesis
Avangaad Bhd (AVAG.KL) is a Malaysia-based company operating in the marine freight and logistics industry within the broader transportation sector. The firm generates service revenue through its shipping activities, with key performance indicators including fleet utilization rates and time charter equivalent day-rates. It is primarily listed on Bursa Malaysia. Specific details regarding operating segments and geographic revenue mix are not available.
Avangaad Bhd has a debt-to-equity ratio of 1.8, indicating a capital structure that is significantly leveraged. The company's current ratio of 0.27 suggests a liquidity challenge, as current assets are insufficient to cover current liabilities. The operating cash flow of MYR 6.27 million is positive but modest, and the company has a negative net cash position after subtracting total debt. This liquidity profile raises concerns about the company's ability to meet short-term obligations without external financing.
In terms of profitability, Avangaad Bhd reported a gross profit of MYR 13.94 million on revenue of MYR 31.20 million, resulting in a gross margin of 44.7%. However, the company's operating income is reported as zero, which is a significant concern given the industry's emphasis on operational efficiency and cost control. The company's return on invested capital (ROIC) and other profitability metrics are not provided, but the absence of operating income suggests a need for further scrutiny of cost structures and revenue generation strategies.
The company's revenue is not segmented by geographic region or business line in the provided data, making it difficult to assess geographic exposure or segment performance. However, the marine freight and logistics industry is inherently global, and the company's operations likely span multiple regions. The lack of detailed segment data limits the ability to evaluate the company's diversification and risk exposure.
Avangaad Bhd's growth trajectory is unclear due to the absence of historical revenue data and forward-looking guidance. The company's capital expenditure of MYR -19,000 is minimal, suggesting a lack of investment in growth initiatives or asset maintenance. The risk assessment indicates a medium liquidity risk and a low dilution risk, but the key flag of negative net cash after debt is a red flag for investors. The company may need to secure additional financing to support operations, which could lead to increased leverage or equity dilution.
Recent events and filings are not detailed in the provided data, but the company's financial position suggests a need for close monitoring of its liquidity and capital structure. The absence of recent events or significant disclosures may indicate a stable but unremarkable operational environment, or it may reflect limited transparency in the company's reporting.
- Avangaad Bhd has a high debt-to-equity ratio of 1.8, indicating a leveraged capital structure.
- The company's current ratio of 0.27 suggests a liquidity challenge, with current assets insufficient to cover current liabilities.
- The company reported a gross margin of 44.7% but has zero operating income, raising concerns about operational efficiency.
- The company's capital expenditure is minimal, suggesting a lack of investment in growth or asset maintenance.
- The company has a negative net cash position after subtracting total debt, which is a key liquidity risk.
Bull / Bear case
Generated · model-assistedRevenue grew 4.0% year-over-year to MYR 127.6 million, indicating modest top-line expansion despite broader industry headwinds.
The company maintains a positive gross profit of MYR 49.4 million, suggesting underlying operational viability before operating expenses.
Capex intensity is significantly lower than the cohort median, ranking in the top quartile for capital efficiency.
The debt-to-equity ratio of 1.8 is significantly higher than the cohort median of 0.33, indicating elevated financial leverage risk.
Operating margin of 0.0% places the company in the bottom quartile compared to 152 Marine Freight & Logistics peers.
In focus — financials by report
Revenue MYR 160.6M; Operating income -MYR 135.2M.
- ▍Revenue MYR 160.6M
- ▍Operating income -MYR 135.2M
- ▍Net margin -93.8%
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- Net cash is negative after subtracting total debt.
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- Avangaad Bhd Market data — financials · 2026-05-27