AYER Holdings Bhd

AYER Holdings Bhd maintains a strong liquidity position, with a current ratio of 8.78, indicating a significant buffer of current assets over current liabilities. The company's cash and equivalents amount to MYR 77.5 million, which is a substantial portion of its total assets of MYR 675.7 million. The liquidity_fpt metric confirms a low liquidity risk, with no immediate filing-based liquidity flags detected.

Profitability metrics show a return on equity (ROE) of 1.05% and a return on assets (ROA) of 0.93%, which are below the typical thresholds for high-performing real estate firms. These figures suggest that the company is generating modest returns relative to its equity and asset base. The operating margin, calculated as operating income of MYR 8.47 million on revenue of MYR 18.97 million, is 44.65%, which is relatively strong for the real estate development and operations industry.

The company's revenue is concentrated in a single business segment, as disclosed in its latest financials, with no geographic diversification provided in the available data. This lack of segmental or geographic breakdown limits the ability to assess exposure to specific markets or regions.

AYER Holdings Bhd reported revenue of MYR 18.97 million in the latest period, which is significantly higher than the analyst estimate of MYR 67.42 million. This suggests a strong performance relative to expectations, though the growth trajectory is not clearly defined due to the absence of prior-year comparisons in the provided data. The company's capital expenditure of MYR -0.894 million indicates a reduction in investment in property, plant, and equipment, which may signal a shift in strategic focus or a capital conservation strategy.

The risk assessment indicates a low dilution risk, with no immediate filing-based dilution flags detected. The company's shares outstanding remain unchanged between basic and diluted shares, suggesting no imminent threat of equity dilution. The absence of long-term debt (MYR 121,000) further reduces financial leverage risk, though the company's low debt-to-equity ratio of 0.0 may limit its ability to leverage capital for growth.

Recent events and filings do not show any material changes in the company's operations or financial position. The absence of significant capital raising or restructuring activities in the latest filings suggests a stable operational environment.

The company maintains a zero debt-to-equity ratio, providing a pristine balance sheet compared to the 0.52 cohort median.

Net income surged 101.1% year-over-year, reflecting robust earnings growth momentum in the most recent reporting period.

Low dilution, liquidity, and credit risk flags suggest a stable financial profile with minimal immediate structural threats.

Net income also contracted at a 5.1% CAGR over four years, confirming persistent long-term earnings deterioration.

Free cash flow dropped significantly in FY2020, falling to MYR 10.4 million from MYR 19.9 million in FY2019.

Revenue MYR 62.8M, +104,2% YoY; Operating income +93,9% YoY.

• ▍Revenue MYR 62.8M, +104,2% YoY
• ▍Operating income +93,9% YoY
• ▍Net income +83,1% YoY
• ▍Free cash flow −40,8% YoY
• ▍Net margin 36.1%

Revenue MYR 53.8M, +93,4% YoY; Operating income +104,8% YoY.

• ▍Revenue MYR 53.8M, +93,4% YoY
• ▍Operating income +104,8% YoY
• ▍Net income +107,8% YoY
• ▍Free cash flow +128,4% YoY
• ▍Net margin 37.3%

Revenue MYR 36.5M, +20,8% YoY; Operating income +21,2% YoY.

• ▍Revenue MYR 36.5M, +20,8% YoY
• ▍Operating income +21,2% YoY
• ▍Net income +22,1% YoY
• ▍Free cash flow +14,7% YoY
• ▍Net margin 28.8%

Revenue MYR 18.0M, −5,0% YoY; Operating income −33,0% YoY.

• ▍Revenue MYR 18.0M, −5,0% YoY
• ▍Operating income −33,0% YoY
• ▍Net income −37,6% YoY
• ▍Free cash flow −39,7% YoY
• ▍Net margin 21.8%

Revenue MYR 30.7M; Operating income MYR 16.3M.

• ▍Revenue MYR 30.7M
• ▍Operating income MYR 16.3M
• ▍Net margin 40.2%

Revenue MYR 27.8M; Operating income MYR 12.6M.

• ▍Revenue MYR 27.8M
• ▍Operating income MYR 12.6M
• ▍Net margin 34.7%

Revenue MYR 30.2M; Operating income MYR 11.6M.

• ▍Revenue MYR 30.2M
• ▍Operating income MYR 11.6M
• ▍Net margin 28.5%

Revenue MYR 19.0M; Operating income MYR 8.5M.

• ▍Revenue MYR 19.0M
• ▍Operating income MYR 8.5M
• ▍Net margin 33.2%

Revenue MYR 171.1M, +58,8% YoY; Operating income +57,5% YoY.

• ▍Revenue MYR 171.1M, +58,8% YoY
• ▍Operating income +57,5% YoY
• ▍Net income +54,8% YoY
• ▍Free cash flow −47,6% YoY
• ▍Net margin 33.4%

Revenue MYR 107.7M, −20,2% YoY; Operating income −16,1% YoY.

• ▍Revenue MYR 107.7M, −20,2% YoY
• ▍Operating income −16,1% YoY
• ▍Net income −15,2% YoY
• ▍Free cash flow −18,3% YoY
• ▍Net margin 34.3%

Revenue MYR 135.1M, +26,2% YoY; Operating income +22,8% YoY.

• ▍Revenue MYR 135.1M, +26,2% YoY
• ▍Operating income +22,8% YoY
• ▍Net income +23,3% YoY
• ▍Free cash flow −2,1% YoY
• ▍Net margin 32.3%