Brite-Tech Bhd

Brite-Tech Bhd maintains a debt-to-equity ratio of 0.56, indicating a moderate level of leverage, and a current ratio of 5.36, suggesting strong short-term liquidity. The company's free cash flow of 1,398,000 MYR and operating cash flow of 1,019,000 MYR support its operational flexibility and capacity to fund future growth.

The company's profitability is reflected in a return on equity of 1.41% and a return on assets of 0.84%, which are below the industry median for Environmental Services & Equipment firms. This suggests that Brite-Tech Bhd is underperforming in terms of capital efficiency and asset utilization.

Brite-Tech Bhd's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to sector-specific risks and regional economic fluctuations.

The company's growth trajectory is modest, with no significant revenue growth reported in the latest financial period. Capital expenditures of -260,000 MYR indicate a reduction in investment, which may signal a strategic shift or financial constraints.

Brite-Tech Bhd faces moderate liquidity risk due to a negative net cash position after subtracting total debt. The company's dilution risk is low, with no near-term pressure from share issuance or convertible instruments.

Recent filings and transcripts do not indicate any material events or strategic changes. The company's financial performance remains stable, with no significant deviations from historical trends.

Free cash flow surged 125% year-over-year to MYR 7.2 million, highlighting a substantial improvement in cash generation capabilities.

Net income grew at a 3.5% CAGR over four years, showing consistent profitability despite a slight decline in revenue growth.

Debt-to-equity ratio of 0.56 is below the cohort median of 0.43, suggesting a relatively conservative leverage position among peers.

The company faces high credit risk, which could impair financial stability and increase the cost of borrowing for operations.

Cash conversion ratio of 0.81 is below the cohort median of 0.95, suggesting weaker ability to convert earnings into cash.

Medium liquidity risk flags potential challenges in meeting short-term obligations, requiring careful monitoring of cash flow dynamics.

Revenue MYR 8.2M, +2,6% YoY; Operating income +14,6% YoY.

• ▍Revenue MYR 8.2M, +2,6% YoY
• ▍Operating income +14,6% YoY
• ▍Net income +23,8% YoY
• ▍Free cash flow −75,7% YoY
• ▍Net margin 70.1%

Revenue MYR 7.9M, +7,2% YoY; Operating income −1,5% YoY.

• ▍Revenue MYR 7.9M, +7,2% YoY
• ▍Operating income −1,5% YoY
• ▍Net income −10,4% YoY
• ▍Free cash flow −33,8% YoY
• ▍Net margin 21.6%

Revenue MYR 7.3M, +6,4% YoY; Operating income +16,4% YoY.

• ▍Revenue MYR 7.3M, +6,4% YoY
• ▍Operating income +16,4% YoY
• ▍Net income +16,2% YoY
• ▍Free cash flow +10,9% YoY
• ▍Net margin 23.6%

Revenue MYR 6.8M, +2,2% YoY; Operating income +8,8% YoY.

• ▍Revenue MYR 6.8M, +2,2% YoY
• ▍Operating income +8,8% YoY
• ▍Net income +5,7% YoY
• ▍Free cash flow +7,7% YoY
• ▍Net margin 19.7%

Revenue MYR 8.0M; Operating income MYR 6.1M.

• ▍Revenue MYR 8.0M
• ▍Operating income MYR 6.1M
• ▍Net margin 58.1%

Revenue MYR 7.4M; Operating income MYR 3.1M.

• ▍Revenue MYR 7.4M
• ▍Operating income MYR 3.1M
• ▍Net margin 25.9%

Revenue MYR 6.8M; Operating income MYR 2.3M.

• ▍Revenue MYR 6.8M
• ▍Operating income MYR 2.3M
• ▍Net margin 21.6%

Revenue MYR 6.6M; Operating income MYR 2.0M.

• ▍Revenue MYR 6.6M
• ▍Operating income MYR 2.0M
• ▍Net margin 19.0%

Revenue MYR 30.1M, +4,6% YoY; Operating income +10,4% YoY.

• ▍Revenue MYR 30.1M, +4,6% YoY
• ▍Operating income +10,4% YoY
• ▍Net income +13,5% YoY
• ▍Free cash flow −49,9% YoY
• ▍Net margin 34.9%

Revenue MYR 28.8M, +14,7% YoY; Operating income +22,1% YoY.

• ▍Revenue MYR 28.8M, +14,7% YoY
• ▍Operating income +22,1% YoY
• ▍Net income +33,1% YoY
• ▍Free cash flow +15,5% YoY
• ▍Net margin 32.2%

Revenue MYR 25.1M, −2,1% YoY; Operating income +7,8% YoY.

• ▍Revenue MYR 25.1M, −2,1% YoY
• ▍Operating income +7,8% YoY
• ▍Net income −6,7% YoY
• ▍Free cash flow +13,4% YoY
• ▍Net margin 27.7%

Revenue MYR 25.6M, +8,2% YoY; Operating income −10,2% YoY.

• ▍Revenue MYR 25.6M, +8,2% YoY
• ▍Operating income −10,2% YoY
• ▍Net income −12,9% YoY
• ▍Free cash flow −32,2% YoY
• ▍Net margin 29.1%