Posted by financialanalyst18 > 2015-09-17 10:13 | Report Abuse

MK LAND Code: 8893 (Based on statement for the period ended 30 June 2015) Book value = Total assets – Total liability =RM1,921,942,000.00 –RM758,198.000 =RM1,163,744,000.00 (RM1.163 Billion) Book value per share = Book value / Total shares outstanding = RM1,163,744,000.00 /1.207 Billion shares = RM0.964 (96.4 cents) Book value per share = RM0.964 VS Current Price RM0.35 P/B ratio = Share Price/ Book Value Per share Current Stock price/book value = RM0.35 /RM0.964=0.36 times Current stock price is much lower than book value, is deeply undervalued price. P/B ratio of 0.36 implies that the market value is 0.36 of the company's stated book value. In other words, the market is selling you each RM1.00 of net assets (net assets = assets - liabilities) for 36 cents. Everyone likes to buy things on sale, right? Total Debt (Long term and short term debt) FY2014 RM93.024 Million Total Debt (Long term and short term debt) FY2015 RM76.812 Million Total cash on hand =RM146,444,000.00 (RM146.44 Million) With total cash on hand as much as RM146.44 Million, MKLAND can easily settle all the debts RM76.812 Million. If MK LAND choose to pay all debts with cash on hand, after paying all debts still left RM69.63 Million on hand. In other words, debt free with cash on hand RM69.63 Million. Total shares outstanding = 1.207 Billion shares Net assets per share attributable to equity holders = 96 cents (RM0.96) (Reminder: Long time not done revaluation on land and property) Dividend paid on FY2014 =RM0.30 (3 cents) Total dividend paid out in FY 2014 is RM36, 138,000.00 (RM36.138 Million) Retained Profits at 30 June 2015 = RM41,079,000.00 (RM41.079 Million)