Selangor Dredging Bhd

Selangor Dredging Bhd has a debt-to-equity ratio of 0.45, indicating a relatively conservative capital structure with a moderate reliance on debt financing. The company's current ratio of 1.16 suggests it has sufficient short-term assets to cover its short-term liabilities, though it is only slightly above the threshold of 1.0, which is typically considered the minimum acceptable level for liquidity.

The company's profitability is modest, with a return on equity (ROE) of 0.0036 and a return on assets (ROA) of 0.0022. These figures are below the typical thresholds for strong performance in the real estate development and operations industry, which often sees ROE and ROA in the range of 0.05 to 0.10. The low returns suggest that the company is not generating significant returns relative to its equity and asset base.

The company's revenue is primarily derived from real estate development and management, with no disclosed segment breakdown. There is no information available on geographic revenue concentration, but given the company's listing on the Bursa Malaysia and its operations in Selangor, it is likely that the majority of its revenue is generated within Malaysia. This could expose the company to local economic and regulatory risks.

The company's growth trajectory is uncertain, as there is no detailed outlook provided for the current or next fiscal year. The operating cash flow is negative at -11.63 million MYR, and the free cash flow is also negative at -254,000 MYR, indicating that the company is not generating sufficient cash from operations to fund its activities or reinvest in the business. The capital expenditure of -7.25 million MYR suggests that the company is investing in its operations, but the negative free cash flow indicates that these investments are not yet generating positive returns.

The company faces moderate liquidity risk, as indicated by the risk assessment, and the key flag of negative net cash after subtracting total debt highlights the potential for liquidity constraints. The dilution risk is assessed as low, and there are no specific dilution sources or expected timeframes provided. The company's capital structure and financial performance suggest that it may need to seek additional financing in the near term, which could lead to increased debt or equity dilution.

There are no recent events or filings mentioned in the provided data that would significantly impact the company's operations or financial performance. The lack of recent events suggests a relatively stable operating environment, but it also means that there is limited information available to assess the company's current strategic direction or market position.

Revenue surged 65.3% year-over-year to MYR 375.95 million, demonstrating strong top-line growth momentum.

Long-term debt decreased to MYR 403.93 million in FY2024, indicating improved balance sheet management.

The debt-to-equity ratio of 0.45 is lower than the cohort median of 0.52, suggesting conservative leverage.

Net income reached MYR 24.72 million in FY2024, marking a substantial recovery from previous losses.

The company faces high credit risk, posing potential challenges for financing and operational stability.

Cash conversion ratio of -3.64 places the company in the bottom quartile of its peer group.

Revenue MYR 227.5M, +65,1% YoY; Operating income −3,9% YoY.

• ▍Revenue MYR 227.5M, +65,1% YoY
• ▍Operating income −3,9% YoY
• ▍Net income +295,5% YoY
• ▍Free cash flow +242,7% YoY
• ▍Net margin 10.9%

Revenue MYR 137.7M, +39,9% YoY; Operating income +1 317,5% YoY.

• ▍Revenue MYR 137.7M, +39,9% YoY
• ▍Operating income +1 317,5% YoY
• ▍Net income −7,5% YoY
• ▍Free cash flow +7 387,3% YoY
• ▍Net margin 4.5%

Revenue MYR 98.5M, −31,7% YoY; Operating income +110,6% YoY.

• ▍Revenue MYR 98.5M, −31,7% YoY
• ▍Operating income +110,6% YoY
• ▍Net income +158,5% YoY
• ▍Free cash flow +99,7% YoY
• ▍Net margin 6.9%

Revenue MYR 144.2M; Operating income -MYR 23.8M.

• ▍Revenue MYR 144.2M
• ▍Operating income -MYR 23.8M
• ▍Net margin -8.0%