JHM Consolidation Bhd

JHM Consolidation Bhd's capital structure is characterized by a low debt-to-equity ratio of 0.16, indicating a conservative leverage position. The company holds MYR 59.74 million in cash and equivalents, which is a significant portion of its total assets of MYR 444.12 million. This liquidity position supports a current ratio of 3.04, suggesting strong short-term financial health.

Profitability metrics for JHM Consolidation Bhd are weak, with a return on equity of -1.49% and a return on assets of -1.06%. These figures are below the typical performance benchmarks for the semiconductor industry, which often emphasizes high returns due to the capital-intensive nature of the business. The company reported a net loss of MYR 4.70 million for the period, reflecting operational challenges.

The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no material geographic diversification reported. This concentration increases exposure to sector-specific risks, such as supply chain disruptions or demand fluctuations in the semiconductor market.

Growth trajectory for JHM Consolidation Bhd appears uncertain, with the company reporting a net loss and negative operating income of MYR 3.74 million. Analysts have provided a mean price target of MYR 0.43, with a median of MYR 0.43, indicating limited upside potential in the near term. The company's free cash flow is negative at MYR 1.09 million, which may constrain its ability to invest in growth initiatives.

Risk factors for JHM Consolidation Bhd include its current financial performance and the potential for further operational losses. The company has no immediate filing-based liquidity or dilution flags, and its dilution risk is assessed as low. However, the negative net income and operating cash flow suggest that the company may need to seek additional financing in the future, which could lead to dilution.

Recent events for JHM Consolidation Bhd include the publication of its latest financial results, which show a decline in profitability. The company has not disclosed any major strategic initiatives or new product launches in the recent filings reviewed. Analysts have issued a mixed set of recommendations, with one "buy" and one "hold" rating, reflecting cautious optimism about the company's future.

Analysts project an 8.7% upside to a mean price target of 0.435 MYR, signaling positive market sentiment.

The company maintains a low debt-to-equity ratio of 0.16, which is below the semiconductor cohort median of 0.24.

Revenue increased by 41.6% year-over-year to 313.2 million MYR in FY2026, demonstrating significant top-line growth.

Net income improved by 59.5% year-over-year in FY2026, narrowing the loss to 9.2 million MYR from the prior year.

Operating income rose by 63.1% year-over-year in FY2026, indicating a substantial improvement in core operational profitability.

The company faces high credit risk, posing a significant threat to its financial stability and borrowing capacity.

Return on equity of -1.49% remains negative, underperforming the semiconductor cohort median of 2.11%.

Long-term debt increased significantly to 87.4 million MYR in FY2026, up from 48.0 million MYR in FY2025.

Revenue MYR 313.2M, +41,6% YoY; Operating income +63,1% YoY.

• ▍Revenue MYR 313.2M, +41,6% YoY
• ▍Operating income +63,1% YoY
• ▍Net income +59,5% YoY
• ▍Free cash flow −77,2% YoY
• ▍Net margin -2.9%

Revenue MYR 221.2M, −28,8% YoY; Operating income −203,1% YoY.

• ▍Revenue MYR 221.2M, −28,8% YoY
• ▍Operating income −203,1% YoY
• ▍Net income −256,4% YoY
• ▍Free cash flow −178,6% YoY
• ▍Net margin -10.2%

Revenue MYR 310.7M, −12,7% YoY; Operating income −44,4% YoY.

• ▍Revenue MYR 310.7M, −12,7% YoY
• ▍Operating income −44,4% YoY
• ▍Net income −33,0% YoY
• ▍Free cash flow +148,1% YoY
• ▍Net margin 4.7%

Revenue MYR 355.8M, +20,0% YoY; Operating income −10,6% YoY.

• ▍Revenue MYR 355.8M, +20,0% YoY
• ▍Operating income −10,6% YoY
• ▍Net income −37,0% YoY
• ▍Free cash flow +3,3% YoY
• ▍Net margin 6.1%

Revenue MYR 296.6M; Operating income MYR 44.9M.

• ▍Revenue MYR 296.6M
• ▍Operating income MYR 44.9M
• ▍Net margin 11.6%