Warisan TC Holdings Bhd

Warisan TC Holdings Bhd exhibits a capital structure with a debt-to-equity ratio of 1.19, indicating a moderate reliance on debt financing. The company's liquidity position is constrained, as evidenced by a current ratio of 0.88 and negative net cash after subtracting total debt. Free cash flow of 3.524 million MYR is modest, and operating cash flow is negative at -55.935 million MYR, suggesting operational inefficiencies or high working capital demands.

Profitability metrics are weak, with a return on equity of -1.42% and a return on assets of -0.47%. These figures fall significantly below the industry median for industrial machinery and equipment firms, which typically exhibit positive returns. The company's net income is negative at -3.456 million MYR, and operating income is only 897,000 MYR, indicating a struggle to convert revenue into profit.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and sector-specific risks. No material revenue is attributed to international markets, and the company does not report segment-specific performance metrics.

Growth prospects are muted, with no disclosed revenue growth in the most recent fiscal year. The company's capital expenditure of -3.071 million MYR suggests a reduction in investment in long-term assets, which may limit future capacity or innovation. Analysts have recorded a last actual EPS of 0.26 MYR, but this does not indicate a clear upward trajectory.

The company faces moderate liquidity risk due to its negative net cash position and weak operating cash flow. While dilution risk is currently low, the company's reliance on long-term debt (289.797 million MYR) and the absence of disclosed equity issuance plans suggest potential future dilution pressures. No recent equity offerings or dilutive events have been reported.

No recent material events, such as earnings calls, regulatory filings, or strategic announcements, have been disclosed in the available data. The company's financial statements do not indicate any significant changes in operations, management, or capital structure in the most recent reporting period.

Revenue grew 20.7% year-over-year to MYR 598.4 million, demonstrating strong top-line expansion despite recent profitability challenges.

Cash conversion of 16.18% ranks as best-in-class within the Industrial Machinery & Equipment cohort of 854 peers.

Gross profit reached MYR 94.0 million, indicating the company maintains positive gross margins despite operating losses.

Dilution risk is assessed as low, suggesting limited immediate threat to existing shareholder equity value from share issuance.

Debt-to-equity ratio of 1.19 places the company in the bottom quartile, indicating high leverage compared to peers.

Credit risk is flagged as high, suggesting potential difficulties in meeting financial obligations or securing favorable financing terms.

Revenue MYR 150.2M; Operating income MYR 1.6M.

• ▍Revenue MYR 150.2M
• ▍Operating income MYR 1.6M
• ▍Net margin -1.1%

Revenue MYR 119.6M; Operating income -MYR 2.4M.

• ▍Revenue MYR 119.6M
• ▍Operating income -MYR 2.4M
• ▍Net margin -4.6%

Revenue MYR 115.2M; Operating income MYR 897.0k.

• ▍Revenue MYR 115.2M
• ▍Operating income MYR 897.0k
• ▍Net margin -3.0%

Revenue MYR 495.9M, +8,9% YoY; Operating income −215,2% YoY.

• ▍Revenue MYR 495.9M, +8,9% YoY
• ▍Operating income −215,2% YoY
• ▍Net income −706,9% YoY
• ▍Free cash flow −46,2% YoY
• ▍Net margin -2.9%

Revenue MYR 455.2M, −5,2% YoY; Operating income +131,8% YoY.

• ▍Revenue MYR 455.2M, −5,2% YoY
• ▍Operating income +131,8% YoY
• ▍Net income +84,7% YoY
• ▍Free cash flow −9,6% YoY
• ▍Net margin -0.4%

Revenue MYR 480.4M, +32,7% YoY; Operating income +48,4% YoY.

• ▍Revenue MYR 480.4M, +32,7% YoY
• ▍Operating income +48,4% YoY
• ▍Net income +64,5% YoY
• ▍Free cash flow +291,8% YoY
• ▍Net margin -2.4%

Revenue MYR 362.0M; Operating income -MYR 17.9M.

• ▍Revenue MYR 362.0M
• ▍Operating income -MYR 17.9M
• ▍Net margin -9.0%