Bertam Alliance Bhd

Bertam Alliance Bhd exhibits a capital structure with a low debt-to-equity ratio of 0.02, indicating minimal leverage and a conservative financing approach. The company's liquidity position is assessed as medium, with a current ratio of 0.66, suggesting potential short-term liquidity constraints. Free cash flow stands at 755,000 MYR, but operating cash flow is negative at -4,567,000 MYR, highlighting operational cash outflows.

Profitability metrics show a return on equity (ROE) of 0.54% and a return on assets (ROA) of 0.44%, both below the typical thresholds for real estate firms, indicating suboptimal returns relative to industry expectations. Gross profit of 591,000 MYR and operating income of 759,000 MYR suggest limited margin expansion, with net income at 744,000 MYR.

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 regulatory changes.

Outlook for the current fiscal year shows a revenue of 9,537,000 MYR, with no disclosed growth trajectory for the next fiscal year. The absence of capital expenditure (capex) of -12,000 MYR indicates minimal investment in new projects or asset expansion.

Risk factors include medium liquidity risk due to the current ratio and negative operating cash flow. Dilution risk is assessed as low, with no near-term pressure from share issuance or dilutive events. The company's risk assessment highlights a key flag of negative net cash after subtracting total debt, signaling potential liquidity stress.

Recent events include the last actual EPS of 0.02 MYR and revenue of 39,759,700 MYR, as reported by analysts. No recent filings or transcripts have been disclosed that would indicate significant operational or strategic changes.

Revenue grew at a 63.7% compound annual rate over four years, demonstrating strong historical top-line expansion.

The company maintains a very low debt-to-equity ratio of 0.02, significantly below the cohort median of 0.52.

Capital expenditure relative to revenue is above the 75th percentile, indicating efficient capital usage compared to peers.

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

The firm generated positive free cash flow of 1.29 million MYR in the latest fiscal year.

Cash conversion is in the bottom quartile of the cohort, highlighting inferior cash generation capabilities.

Revenue MYR 10.9M; Operating income MYR 234.0k.

• ▍Revenue MYR 10.9M
• ▍Operating income MYR 234.0k
• ▍Net margin 1.9%

Revenue MYR 4.7M; Operating income MYR 301.0k.

• ▍Revenue MYR 4.7M
• ▍Operating income MYR 301.0k
• ▍Net margin 5.5%

Revenue MYR 9.5M; Operating income MYR 759.0k.

• ▍Revenue MYR 9.5M
• ▍Operating income MYR 759.0k
• ▍Net margin 7.8%

Revenue MYR 25.2M, −23,2% YoY; Operating income −15,1% YoY.

• ▍Revenue MYR 25.2M, −23,2% YoY
• ▍Operating income −15,1% YoY
• ▍Net income −32,8% YoY
• ▍Free cash flow −32,0% YoY
• ▍Net margin 4.8%

Revenue MYR 32.8M, +44,4% YoY; Operating income +155,9% YoY.

• ▍Revenue MYR 32.8M, +44,4% YoY
• ▍Operating income +155,9% YoY
• ▍Net income +218,6% YoY
• ▍Free cash flow +247,2% YoY
• ▍Net margin 5.5%

Revenue MYR 22.7M, +5,2% YoY; Operating income −15,5% YoY.

• ▍Revenue MYR 22.7M, +5,2% YoY
• ▍Operating income −15,5% YoY
• ▍Net income −96,3% YoY
• ▍Free cash flow −96,4% YoY
• ▍Net margin 2.5%

Revenue MYR 21.6M, +516,2% YoY; Operating income +122,4% YoY.

• ▍Revenue MYR 21.6M, +516,2% YoY
• ▍Operating income +122,4% YoY
• ▍Net income +441,2% YoY
• ▍Free cash flow +421,1% YoY
• ▍Net margin 70.9%

Revenue MYR 3.5M; Operating income -MYR 4.1M.

• ▍Revenue MYR 3.5M
• ▍Operating income -MYR 4.1M
• ▍Net margin -128.0%