SOUTHERN ACIDS (M) BHD

KLSE (MYR): SAB (5134)

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Last Price

3.00

Today's Change

-0.02 (0.66%)

Day's Change

3.00 - 3.07

Trading Volume

66,600

Financial

Show?
Last 10 FY Result
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Revenue 1,078,216 999,288 907,963 1,099,875 1,176,250 741,103 661,308 598,628 763,206 740,091 503,414 562,029 5.46%
PBT 44,820 44,652 43,588 74,914 149,879 60,345 48,740 38,238 51,372 73,831 36,916 43,691 -0.02%
Tax -21,144 -17,985 -18,625 -20,907 -31,725 -12,562 -9,897 -13,415 -14,225 -16,487 -10,952 -9,585 7.65%
NP 23,676 26,667 24,963 54,007 118,154 47,783 38,843 24,823 37,147 57,344 25,964 34,106 -3.40%
-
NP to SH 13,674 17,010 13,924 33,312 94,450 37,357 31,612 21,078 32,677 48,654 24,869 27,521 -7.28%
-
Tax Rate 47.18% 40.28% 42.73% 27.91% 21.17% 20.82% 20.31% 35.08% 27.69% 22.33% 29.67% 21.94% -
Total Cost 1,054,540 972,621 883,000 1,045,868 1,058,096 693,320 622,465 573,805 726,059 682,747 477,450 527,923 5.87%
-
Net Worth 764,538 763,734 779,154 754,506 727,119 646,328 594,293 601,140 586,077 569,645 513,543 493,062 5.21%
Dividend
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Div - 6,846 6,846 6,846 6,846 6,846 6,846 6,846 6,846 6,846 6,847 - -
Div Payout % - 40.25% 49.17% 20.55% 7.25% 18.33% 21.66% 32.48% 20.95% 14.07% 27.53% - -
Equity
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Net Worth 764,538 763,734 779,154 754,506 727,119 646,328 594,293 601,140 586,077 569,645 513,543 493,062 5.21%
NOSH 137,014 136,870 136,934 136,934 136,934 136,934 136,934 136,934 136,934 136,934 136,945 136,961 -0.00%
Ratio Analysis
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
NP Margin 2.20% 2.67% 2.75% 4.91% 10.04% 6.45% 5.87% 4.15% 4.87% 7.75% 5.16% 6.07% -
ROE 1.79% 2.23% 1.79% 4.42% 12.99% 5.78% 5.32% 3.51% 5.58% 8.54% 4.84% 5.58% -
Per Share
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
RPS 786.94 730.10 663.07 803.22 858.99 541.21 482.94 437.17 557.35 540.47 367.60 410.35 5.47%
EPS 9.98 12.43 10.17 24.33 68.97 27.28 23.09 15.39 23.86 35.53 18.16 20.10 -7.28%
DPS 0.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 0.00 -
NAPS 5.58 5.58 5.69 5.51 5.31 4.72 4.34 4.39 4.28 4.16 3.75 3.60 5.21%
Adjusted Per Share Value based on latest NOSH - 137,014
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
RPS 787.77 730.10 663.38 803.59 859.39 541.46 483.16 437.37 557.61 540.73 367.80 410.63 5.46%
EPS 9.99 12.43 10.17 24.34 69.01 27.29 23.10 15.40 23.87 35.55 18.17 20.11 -7.28%
DPS 0.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 0.00 -
NAPS 5.5859 5.58 5.6927 5.5126 5.3125 4.7222 4.342 4.3921 4.282 4.1619 3.7521 3.6024 5.21%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Date 30/09/24 30/09/24 29/03/24 31/03/23 31/03/22 31/03/21 31/03/20 29/03/19 30/03/18 31/03/17 31/03/16 31/03/15 -
Price 3.20 3.20 3.22 3.60 3.85 0.00 2.80 3.81 3.90 4.13 3.88 3.86 -
P/RPS 0.41 0.44 0.49 0.45 0.45 0.00 0.58 0.87 0.70 0.76 1.06 0.94 -6.97%
P/EPS 32.06 25.75 31.67 14.80 5.58 0.00 12.13 24.75 16.34 11.62 21.37 19.21 5.70%
EY 3.12 3.88 3.16 6.76 17.92 0.00 8.24 4.04 6.12 8.60 4.68 5.21 -5.39%
DY 0.00 1.56 1.55 1.39 1.30 0.00 1.79 1.31 1.28 1.21 1.29 0.00 -
P/NAPS 0.57 0.57 0.57 0.65 0.73 0.00 0.65 0.87 0.91 0.99 1.03 1.07 -6.75%
Price Multiplier on Announcement Date
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Date 26/11/24 26/11/24 30/05/24 26/05/23 19/05/22 25/05/21 26/06/20 28/05/19 25/05/18 30/05/17 31/05/16 28/05/15 -
Price 3.10 3.10 3.66 3.52 3.88 0.00 3.55 3.80 3.93 4.19 3.97 3.73 -
P/RPS 0.39 0.42 0.55 0.44 0.45 0.00 0.74 0.87 0.71 0.78 1.08 0.91 -5.43%
P/EPS 31.06 24.94 35.99 14.47 5.63 0.00 15.38 24.69 16.47 11.79 21.86 18.56 7.62%
EY 3.22 4.01 2.78 6.91 17.78 0.00 6.50 4.05 6.07 8.48 4.57 5.39 -7.08%
DY 0.00 1.61 1.37 1.42 1.29 0.00 1.41 1.32 1.27 1.19 1.26 0.00 -
P/NAPS 0.56 0.56 0.64 0.64 0.73 0.00 0.82 0.87 0.92 1.01 1.06 1.04 -5.24%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
5 people like this. Showing 50 of 509 comments

aliyusof

Welcome back, Apollo Ang!

2017-06-28 16:21

aliyusof

Seems tough to go below rm5

2017-07-01 12:00

aliyusof

I have got a bad mouth...ha ha. Price dropping.

2017-07-12 11:37

RVI123

Any news on the land in Kota Kemuning? Many years aldy, still doesn't want to develop?

2018-01-10 12:34

kk7198

Already replanted with young palm trees.This hilly freehold land is strategically located.Need to hold as it is sitting on a gold mine.Massive mixed developments(all leasehold} byGamuda Land,Ecoworld, Ijm n Tropicana are near the land.

2018-01-14 18:26

RVI123

Since Southern Acids also owns a substantial amount of shares in Paramount, Southern Acids should joint venture with Paramount to develop part of the land. In this way, Southern Acids can unlock the value of the land faster and gains experience in development.

2018-03-13 15:19

Cipta

Since SPB and Daiman privatised its undervalued share, will SAB do the same to privatise the land which not revalue since many years ago?

2018-11-14 10:43

James Ng

https://klse.i3investor.com/blogs/general/198190.jsp
[转贴] [SOUTHERN ACIDS (M) BHD：国内市场的生产成本不断上升，竞争日趋激烈，继续受到挑战，这降低了替代产品的价格，降低了利润率，棕榈油产量增加但总体需求疲软，毛棕榈油库存增加38.5％至320万吨] - James的股票投资James Share Investing

2019-03-17 16:17

Hew Kiong Peng George

hidden gem this sab,net cash rm1.70 pe 3

2021-09-22 08:39

Richard Lee

treasure!

2021-10-06 09:27

Sebastian Power

The Group’s top-line growth was largely brought about by the Oleochemical and Milling & Estate Segments. The Oleochemical
Segment reported a 15.3% growth in revenue whilst the Milling & Estate Segment’s revenue grew by 16.0%. Driving the better
top-line of both segments were a higher average selling price (“ASP”) of fatty acids, glycerine, crude palm oil (“CPO”) and palm
kernel (“PK”) that was brought about by the increase in the price of commodities. These segments made up approximately
86.1% of total Group revenue.

2021-10-07 09:33

BursaKakis

Cash rich of about RM250 million or RM1.815 per share. Eps jumped from 4.72 cts in Q4 March 2021 to 17.15 cts in Q1 June 2021. Forward annualised earnings of 68.6 cts if next 3 Quarters managed to maintain. Thus PE 10 will be RM6.86 not taking into account the cash holdings.

2021-10-08 12:58

stockraider

Good rerating mah!

2021-10-08 13:14

Richard Lee

free floating share on market very little only. Good ahead

2021-10-08 14:44

hotdogge

https://m.youtube.com/watch?v=wzL4dGHBgcg

2021-10-15 07:58

BursaKakis

https://www.theedgemarkets.com/article/cpo-futures-hit-alltime-high-rm5071-tonne

2021-10-20 21:34

xero99

Post removed.Why?

2021-10-20 21:43

Richard Lee

LTH selling nonstop

2021-10-21 15:21

Sebastian Power

apa you mau? Continously two QR ES above 10++. Very likely whole year EPS 40-50. Then you just calculate the target price yourself

2021-11-25 19:23

Richard Lee

rubbish stock. when market drop it drop, when market up it also drop

2022-02-10 15:49

Sebastian Power

annual EPS will be achieving 60-70.

Easily upto RM6-7 within 3-4months

2022-02-25 18:10

gemfinder

Post removed.Why?

2022-03-03 10:20

hasbullahali

Any good news guys??

2022-03-25 09:52

gemfinder

Watch out tis

2022-04-12 12:46

gemfinder

Ezcelent result

2022-05-19 22:32

Sebastian Power

excellent result but price wont move also

2022-05-19 22:39

Believe3222

will goreng the BOD during AGM. Big profits but DIV macam ikan bilis

Overall, our Group PBT rose 148.4% to RM149.9 million from RM60.3 million achieved in FY2021.

2022-05-20 08:52

stockraider

Now can go for indon base plantation CO since ban is lifted loh!

2022-05-20 09:06

SincereStock

bought in at RM4.00

2022-05-20 09:46

Believe3222

ONLY WILL UP AFTER LTH DISPOSED ALL THEIR HOLDING. GOOD COUNTER BUT PRICE MACAM SXXX

2022-05-31 11:20

stockraider

Slowly collect from tabung haji loh!

2022-05-31 11:35

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Oleochemical segment still facing lots of challenges.
Plantation segment is doing well.
Healthcare sector is generating good profits.
Cash rich. Undervalued based on its asset value.
Meager dividends distributed.

2022-12-17 18:43

Sslee

I was working for Sounthern Acid (oleo-chemical) from 1986-1991 and then 1996- 2001. A family run business and fortunate to get a good partner for their Indonesia plantation and good people to run the Healthcare.

Facing never ending family feud problems otherwise if imagine in 2001 SAB will to employ the cash to expend their businese it will be another strong growth company by today.

2022-12-18 07:18

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

SSLee Glad to know you spent 10 years in SAB. Very conservatively run company. Yes, internal feud led stifle rapid expansion.

2022-12-20 11:04

stockraider

Yes conservative run but corp governance no good loh!

Insas corp governance much better loh!

2022-12-20 11:41

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

What is your intrinsic value of SAB?

2022-12-20 12:43

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Fiscal year is April-March
All values MYR Millions.
2022 2021 2020 2019 2018 5-year trend
Net Income 94 37 32 21 33
Free Cash Flow 69 39 21 33 29
Total Equity 823 709 650 656 637
Total Assets 974 812 727 731 717
Cash & Short Term Investments 322 242 208 199 174

2022-12-20 13:19

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Cash Dividends Paid - Total (6.8) (6.8) (6.8) (6.8) (6.8)

2022-12-20 13:21

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Except for 2022, revenues and earnings were generally flat. Little growth seen.
Company is profitable, generating good earnings that translate into good free cash flow.
Most earnings were retained within the company. The dividends distributed remained paltry (DPO was around 20%).

2022-12-20 13:25

Noni

Management pay themselves well, shareholders wait for next generation

2023-01-13 10:08

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Security LastPr PE DY% Divcts ROE ttm-marg
SAB (Chemicals) 3.58 7.06 1.4 5 9.19 5.7

2023-03-30 17:13

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Price RM 3.58

L5Yr CAGR Cap App (1.85) DY 1.35
L10Yr CAGR Cap App 3.42 DY 1.29

EPS sen
2009 9.47
2014 28.06
2019 15.69
2021 27.28

2023-05-14 19:21

ks55

I am still collecting SAB anything below 3.20
Not for its dividend but for the 644 acres of Thugamalay Estate.

2024-03-16 23:24

Albukhary

No doubt SAB is a very undervalue company, as its asset value can easily worth RM12-15 per share.
However, I am really doubt whether I have longer life than the management. I worry that until the day I pass away, the share price is still controlled by them at below RM4, and dividend is 5sen per year.

P/S: I have been hold SAB for more than 10 years. From single till married till have few kids, SAB price still below RM4, even though the land price in Kota Kemuning has at least double or triple up during that 10 years.

2024-03-17 00:42

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Market cap of SAB MYR 441 m.

An asset play.

2024-03-17 07:59

Cipta

another Sg Bagan

2024-05-16 17:02

ks55

Because it holds substantial Paramount shares?

2024-05-18 13:48

ks55

Paramount is about to fly, so is SAB.....

2024-05-18 13:49

Cipta

SAB Berhad’s palm oil estates are located in East Kalimantan, Indonesia. Specifically, they comprise two oil palm estates: PT Maju Kalimantan Hadapan (PT MKH) and PT Sawit Prima Sakti (PT SPS). These estates cover a total of 18,205 hectares and are situated approximately 90 kilometers from Samarinda, the capital of East Kalimantan, and about 200 kilometers from Balikpapan, which serves as the financial center of Kalimantan12. If you’re interested in the palm oil industry, these estates are worth exploring! 🌴🌿

2024-05-20 09:55

Cipta

CPO price close to RM5000, other palm oil counter is uptrend, SAB should move now!!!

1 month ago

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