M K Land Holdings Bhd

M K Land Holdings Bhd exhibits a capital structure with a low debt-to-equity ratio of 0.04, indicating a conservative leverage position relative to industry norms. The company's liquidity is assessed as medium, with a current ratio of 1.21, suggesting it can cover short-term obligations but with limited buffer. Free cash flow of 1.75 million MYR is positive, but operating cash flow is negative at -25.26 million MYR, signaling potential operational inefficiencies.

Profitability metrics are weak, with a return on equity (ROE) of 0.03% and a return on assets (ROA) of 0.03%, both significantly below the industry median for real estate development and operations. The company's operating margin is 4.94% (1.88 million MYR / 38.02 million MYR revenue), which is also below the sector average. This suggests that the company is underperforming in converting revenue into profit.

Geographically, the company's revenue is concentrated in a single market, as disclosed segments are not provided, and no international operations are reported. This lack of diversification increases exposure to local economic and regulatory risks. The company's revenue concentration is high, with no material diversification across business segments.

The company's growth trajectory is modest, with no significant revenue growth reported in the latest period. The outlook for the current fiscal year is neutral, with no material changes expected in revenue or operating performance. The next fiscal year is projected to show similar trends, with no clear drivers of growth identified in the financial data.

Risk factors include medium liquidity risk due to negative operating cash flow and a low dilution risk, as the company has not issued additional shares recently. The risk assessment indicates that the company is not currently under pressure to dilute equity, and no dilution sources are identified in the latest filings.

Recent events include the publication of the latest financial results, which show a net income of 436,000 MYR and a revenue of 38.02 million MYR. No material events or regulatory actions have been reported in the latest filings, and the company's risk profile remains stable.

Revenue MYR 44.4M, +10,7% YoY; Operating income +33,8% YoY.

• ▍Revenue MYR 44.4M, +10,7% YoY
• ▍Operating income +33,8% YoY
• ▍Net income −4,7% YoY
• ▍Free cash flow +75,1% YoY
• ▍Net margin 1.6%

Revenue MYR 65.1M, +28,1% YoY; Operating income −12,4% YoY.

• ▍Revenue MYR 65.1M, +28,1% YoY
• ▍Operating income −12,4% YoY
• ▍Net income −19,0% YoY
• ▍Net margin 11.0%

Revenue MYR 46.7M, +23,0% YoY; Operating income +39,6% YoY.

• ▍Revenue MYR 46.7M, +23,0% YoY
• ▍Operating income +39,6% YoY
• ▍Net income +23,6% YoY
• ▍Net margin 1.2%

Revenue MYR 40.1M; Operating income MYR 3.8M.

• ▍Revenue MYR 40.1M
• ▍Operating income MYR 3.8M
• ▍Net margin 1.9%

Revenue MYR 50.8M; Operating income MYR 27.3M.

• ▍Revenue MYR 50.8M
• ▍Operating income MYR 27.3M
• ▍Net margin 17.5%

Revenue MYR 38.0M; Operating income MYR 1.9M.

• ▍Revenue MYR 38.0M
• ▍Operating income MYR 1.9M
• ▍Net margin 1.1%

Revenue MYR 234.7M, +14,0% YoY; Operating income +0,7% YoY.

• ▍Revenue MYR 234.7M, +14,0% YoY
• ▍Operating income +0,7% YoY
• ▍Net income −21,5% YoY
• ▍Free cash flow −71,0% YoY
• ▍Net margin 4.1%

Revenue MYR 205.9M; Operating income MYR 34.7M.

• ▍Revenue MYR 205.9M
• ▍Operating income MYR 34.7M
• ▍Net margin 5.9%