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Three-A Resources Berhad

KLSE:3A
Snowflake Description

Excellent balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3A
KLSE
MYR330M
Market Cap
  1. Home
  2. MY
  3. Food, Beverage & Tobacco
Company description

Three-A Resources Berhad, an investment holding company, manufactures and sells food and beverage ingredients in Malaysia, Singapore, and internationally. The last earnings update was 44 days ago. More info.


Add to Portfolio Compare Print
  • Three-A Resources Berhad has significant price volatility in the past 3 months.
3A Share Price and Events
7 Day Returns
8.1%
KLSE:3A
1.4%
MY Food
3.7%
MY Market
1 Year Returns
-28.3%
KLSE:3A
-12.7%
MY Food
-20.1%
MY Market
3A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Three-A Resources Berhad (3A) 8.1% -12.4% -8.2% -28.3% -46.7% -16.3%
MY Food 1.4% -2.5% -15.2% -12.7% -7.1% -2.5%
MY Market 3.7% -6.4% -18.4% -20.1% -28.3% -30.2%
1 Year Return vs Industry and Market
  • 3A underperformed the Food industry which returned -12.7% over the past year.
  • 3A underperformed the Market in Malaysia which returned -20.1% over the past year.
Price Volatility
3A
Industry
5yr Volatility vs Market

Value

 Is Three-A Resources Berhad undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Three-A Resources Berhad to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Three-A Resources Berhad.

KLSE:3A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year MY Government Bond Rate 3.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for KLSE:3A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year MY Govt Bond Rate 3.4%
Equity Risk Premium S&P Global 7%
Food Unlevered Beta Simply Wall St/ S&P Global 0.5
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.502 (1 + (1- 24%) (4.41%))
0.677
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.42% + (0.8 * 6.96%)
8.99%

Discounted Cash Flow Calculation for KLSE:3A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Three-A Resources Berhad is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

KLSE:3A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (MYR, Millions) Source Present Value
Discounted (@ 8.99%)
2020 64.50 Analyst x1 59.18
2021 18.90 Analyst x1 15.91
2022 22.00 Analyst x1 16.99
2023 17.61 Est @ -19.97% 12.48
2024 15.33 Est @ -12.95% 9.97
2025 14.10 Est @ -8.04% 8.41
2026 13.45 Est @ -4.6% 7.36
2027 13.15 Est @ -2.19% 6.61
2028 13.08 Est @ -0.51% 6.03
2029 13.17 Est @ 0.67% 5.57
Present value of next 10 years cash flows MYR148.00
KLSE:3A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= MYR13.17 × (1 + 3.42%) ÷ (8.99% – 3.42%)
MYR244.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= MYR244.65 ÷ (1 + 8.99%)10
MYR103.46
KLSE:3A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= MYR148.00 + MYR103.46
MYR251.46
Equity Value per Share
(MYR)
= Total value / Shares Outstanding
= MYR251.46 / 492.00
MYR0.51
KLSE:3A Discount to Share Price
Calculation Result
Value per share (MYR) From above. MYR0.51
Current discount Discount to share price of MYR0.67
= -1 x (MYR0.67 - MYR0.51) / MYR0.51
-31.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Three-A Resources Berhad is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Three-A Resources Berhad's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Three-A Resources Berhad's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
KLSE:3A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in MYR MYR0.06
KLSE:3A Share Price ** KLSE (2020-04-09) in MYR MYR0.67
Malaysia Food Industry PE Ratio Median Figure of 56 Publicly-Listed Food Companies 15.78x
Malaysia Market PE Ratio Median Figure of 607 Publicly-Listed Companies 11.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Three-A Resources Berhad.

KLSE:3A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= KLSE:3A Share Price ÷ EPS (both in MYR)

= 0.67 ÷ 0.06

11.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Three-A Resources Berhad is good value based on earnings compared to the MY Food industry average.
  • Three-A Resources Berhad is good value based on earnings compared to the Malaysia market.
Price based on expected Growth
Does Three-A Resources Berhad's expected growth come at a high price?
Raw Data
KLSE:3A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Malaysia Food Industry PEG Ratio Median Figure of 26 Publicly-Listed Food Companies 1.49x
Malaysia Market PEG Ratio Median Figure of 259 Publicly-Listed Companies 1.14x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Three-A Resources Berhad, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Three-A Resources Berhad's assets?
Raw Data
KLSE:3A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in MYR MYR0.71
KLSE:3A Share Price * KLSE (2020-04-09) in MYR MYR0.67
Malaysia Food Industry PB Ratio Median Figure of 81 Publicly-Listed Food Companies 0.66x
Malaysia Market PB Ratio Median Figure of 926 Publicly-Listed Companies 0.56x
KLSE:3A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= KLSE:3A Share Price ÷ Book Value per Share (both in MYR)

= 0.67 ÷ 0.71

0.95x

* Primary Listing of Three-A Resources Berhad.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Three-A Resources Berhad is overvalued based on assets compared to the MY Food industry average.
X
Value checks
We assess Three-A Resources Berhad's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Three-A Resources Berhad has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Three-A Resources Berhad expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.1%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Three-A Resources Berhad expected to grow at an attractive rate?
  • Unable to compare Three-A Resources Berhad's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Three-A Resources Berhad's earnings growth to the Malaysia market average as no estimate data is available.
  • Three-A Resources Berhad's revenue growth is expected to exceed the Malaysia market average.
Annual Growth Rates Comparison
Raw Data
KLSE:3A Future Growth Rates Data Sources
Data Point Source Value (per year)
KLSE:3A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 6.1%
Malaysia Food Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Malaysia Food Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
Malaysia Market Earnings Growth Rate Market Cap Weighted Average 9.6%
Malaysia Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
KLSE:3A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in MYR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
KLSE:3A Future Estimates Data
Date (Data in MYR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 527 37 1
2021-12-31 501 34 1
2020-12-31 476 80 1
2020-04-09
KLSE:3A Past Financials Data
Date (Data in MYR Millions) Revenue Cash Flow Net Income *
2019-12-31 436 64 29
2019-09-30 442 45 29
2019-06-30 445 34 31
2019-03-31 438 1 30
2018-12-31 438 -14 29
2018-09-30 427 10 31
2018-06-30 410 27 34
2018-03-31 411 32 38
2017-12-31 411 49 42
2017-09-30 397 58 43
2017-06-30 389 52 43
2017-03-31 383 71 43

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Three-A Resources Berhad is high growth as no earnings estimate data is available.
  • Three-A Resources Berhad's revenue is expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
KLSE:3A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Three-A Resources Berhad Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KLSE:3A Future Estimates Data
Date (Data in MYR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-09
KLSE:3A Past Financials Data
Date (Data in MYR Millions) EPS *
2019-12-31 0.06
2019-09-30 0.06
2019-06-30 0.06
2019-03-31 0.06
2018-12-31 0.06
2018-09-30 0.07
2018-06-30 0.07
2018-03-31 0.08
2017-12-31 0.09
2017-09-30 0.09
2017-06-30 0.09
2017-03-31 0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Three-A Resources Berhad is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Three-A Resources Berhad's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Malaysia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Malaysia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Three-A Resources Berhad has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Three-A Resources Berhad performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Three-A Resources Berhad's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Three-A Resources Berhad's year on year earnings growth rate has been positive over the past 5 years.
  • Three-A Resources Berhad's 1-year earnings growth is less than its 5-year average (1% vs 8.9%)
  • Three-A Resources Berhad's earnings growth has not exceeded the MY Food industry average in the past year (1% vs 1.6%).
Earnings and Revenue History
Three-A Resources Berhad's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Three-A Resources Berhad Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KLSE:3A Past Revenue, Cash Flow and Net Income Data
Date (Data in MYR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 436.07 29.42
2019-09-30 442.20 28.63 24.46
2019-06-30 444.52 31.35 24.46
2019-03-31 438.00 30.36 24.46
2018-12-31 437.98 29.12 24.46
2018-09-30 427.05 31.05 27.32
2018-06-30 409.80 33.67 27.32
2018-03-31 410.78 37.56 27.32
2017-12-31 411.49 41.65 27.32
2017-09-30 397.10 43.47 20.33
2017-06-30 388.78 42.59 20.33
2017-03-31 383.33 42.55 20.33
2016-12-31 387.72 38.92 20.33
2016-09-30 386.61 29.04 18.00
2016-06-30 389.51 25.40 18.00
2016-03-31 385.38 23.26 18.00
2015-12-31 352.40 20.08 18.00
2015-09-30 335.78 21.74 16.30
2015-06-30 317.60 19.92 16.30
2015-03-31 309.37 18.13 16.30
2014-12-31 311.41 18.21 16.30
2014-09-30 311.92 16.85 16.65
2014-06-30 313.72 13.94 16.65
2014-03-31 305.72 11.19 16.65
2013-12-31 302.91 10.32 16.65
2013-09-30 307.99 11.46 15.91
2013-06-30 313.44 14.16 15.91

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Three-A Resources Berhad has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Three-A Resources Berhad used its assets more efficiently than the MY Food industry average last year based on Return on Assets.
  • Three-A Resources Berhad's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Three-A Resources Berhad's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Three-A Resources Berhad has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Three-A Resources Berhad's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Three-A Resources Berhad's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Three-A Resources Berhad is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Three-A Resources Berhad's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Three-A Resources Berhad's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 14.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Three-A Resources Berhad Company Filings, last reported 3 months ago.

KLSE:3A Past Debt and Equity Data
Date (Data in MYR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 348.17 14.53 44.21
2019-09-30 348.03 15.09 49.46
2019-06-30 342.34 15.65 30.53
2019-03-31 336.08 20.17 16.55
2018-12-31 328.60 19.86 9.39
2018-09-30 329.24 17.38 27.28
2018-06-30 320.84 17.99 21.17
2018-03-31 315.55 18.57 37.79
2017-12-31 309.32 19.15 47.33
2017-09-30 307.04 19.72 43.39
2017-06-30 298.82 20.22 25.60
2017-03-31 289.72 13.02 38.07
2016-12-31 279.44 13.43 30.02
2016-09-30 273.24 9.79 19.77
2016-06-30 262.89 21.86 11.22
2016-03-31 253.71 20.41 4.67
2015-12-31 248.17 33.57 14.44
2015-09-30 251.34 20.90 9.81
2015-06-30 242.59 11.28 12.93
2015-03-31 235.55 8.87 16.71
2014-12-31 231.83 9.50 17.42
2014-09-30 232.34 17.88 25.86
2014-06-30 227.45 26.04 14.10
2014-03-31 222.36 21.86 17.09
2013-12-31 219.03 38.69 17.04
2013-09-30 220.22 46.60 16.36
2013-06-30 219.56 40.96 6.93
  • Three-A Resources Berhad's level of debt (4.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.1% vs 4.2% today).
  • Debt is well covered by operating cash flow (440.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 45x coverage).
X
Financial health checks
We assess Three-A Resources Berhad's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Three-A Resources Berhad has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Three-A Resources Berhad's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.99%
Current annual income from Three-A Resources Berhad dividends.
If you bought MYR2,000 of Three-A Resources Berhad shares you are expected to receive MYR60 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Three-A Resources Berhad's pays a higher dividend yield than the bottom 25% of dividend payers in Malaysia (2.41%).
  • Three-A Resources Berhad's dividend is below the markets top 25% of dividend payers in Malaysia (6.47%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
KLSE:3A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Malaysia Food Industry Average Dividend Yield Market Cap Weighted Average of 50 Stocks 1.8%
Malaysia Market Average Dividend Yield Market Cap Weighted Average of 467 Stocks 4.1%
Malaysia Minimum Threshold Dividend Yield 10th Percentile 1.3%
Malaysia Bottom 25% Dividend Yield 25th Percentile 2.4%
Malaysia Top 25% Dividend Yield 75th Percentile 6.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

KLSE:3A Future Dividends Estimate Data
Date (Data in MYR) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-09
KLSE:3A Past Annualized Dividends Data
Date (Data in MYR) Dividend per share (annual) Avg. Yield (%)
2020-02-25 0.020 2.926
2019-11-19 0.020 2.658
2019-08-19 0.020 2.463
2019-04-26 0.020 2.353
2019-02-20 0.020 2.212
2018-11-26 0.020 2.476
2018-04-27 0.018 2.032
2018-02-20 0.018 1.721
2017-11-06 0.018 1.750
2017-04-18 0.014 1.140
2017-02-23 0.014 1.278
2016-11-15 0.014 1.374
2016-04-12 0.011 1.097
2016-02-24 0.011 1.361
2015-11-24 0.011 1.344
2015-08-14 0.011 1.391
2015-04-02 0.011 1.361
2014-04-09 0.010 1.307
2013-04-24 0.010 1.230
2012-03-26 0.010 1.083
2012-02-27 0.010 0.997
2011-04-25 0.010 0.917
2011-02-25 0.010 0.772
2010-11-30 0.010 0.737
2010-03-01 0.013 0.879
2010-02-23 0.013 0.714

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Three-A Resources Berhad's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Three-A Resources Berhad's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Three-A Resources Berhad afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Three-A Resources Berhad has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Three-A Resources Berhad's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chu Fong
COMPENSATION MYR1,379,600
AGE 74
TENURE AS CEO 0.7 years
CEO Bio

Mr. Chu King Fong @ Tong Chu King serves as Managing Director of Three-A Resources Berhad since August 28, 2019 and serves as its Executive Director. Mr. Fong serves as General Manager of San Soon Seng Food Industries Sdn. Bhd. Mr. Fong has experience in manufacturing industries. He served as General Manager at Three-A Resources Berhad since May 10, 2002. Mr. Fong joined SSSFI in May 2000 after his retirement from Megasteel Mills Sdn Bhd. In his 20 years of service with the Lion Group of Companies, he held a number of positions and served as Manager of Amsteel Mills Sdn Bhd, General Manager of Megasteel Mills Sdn Bhd. He is fully in-charged of the operation and plant expansion of TARB Group. He had been a Non-Independent Executive Director of Three-A Resources Berhad since May 10, 2002 until August 28, 2019. He is a qualified Professional Engineer with Lembaga Jurutera Malaysia and a member of Institution Engineer Malaysia. Mr. Fong graduated with a Bachelor of Science in Chemical Engineering from the National Taiwan University.

CEO Compensation
  • Insufficient data for Chu to compare compensation growth.
  • Chu's remuneration is higher than average for companies of similar size in Malaysia.
Management Team Tenure

Average tenure and age of the Three-A Resources Berhad management team in years:

2.2
Average Tenure
41
Average Age
  • The tenure for the Three-A Resources Berhad management team is about average.
Management Team

Chu Fong

TITLE
MD & Director
COMPENSATION
MYR1M
AGE
74
TENURE
0.7 yrs

Peng Fong

TITLE
Group Financial Controller
AGE
41

Kuo Liew

TITLE
Executive Director
AGE
41

Siew Fang

TITLE
Executive Director
AGE
37
TENURE
0.7 yrs

Bee Ng

TITLE
Company Secretary

Sit Yap

TITLE
Company Secretary
TENURE
3.7 yrs

Wai Foong Wong

TITLE
Company Secretary
TENURE
3.7 yrs
Board of Directors Tenure

Average tenure and age of the Three-A Resources Berhad board of directors in years:

8.1
Average Tenure
62
Average Age
  • The tenure for the Three-A Resources Berhad board of directors is about average.
Board of Directors

Jagjit Singh

TITLE
Independent Non-Executive Chairman
AGE
63
TENURE
0.7 yrs

Chu Fong

TITLE
MD & Director
COMPENSATION
MYR1M
AGE
74
TENURE
17.9 yrs

Kuo Liew

TITLE
Executive Director
AGE
41
TENURE
0.7 yrs

Siew Fang

TITLE
Executive Director
AGE
37
TENURE
0.7 yrs

Eng Chew

TITLE
Independent & Non-Executive Director
COMPENSATION
MYR50K
AGE
69
TENURE
17.8 yrs

Mohd Bin Hamzah

TITLE
Independent & Non-Executive Director
COMPENSATION
MYR40K
AGE
61
TENURE
13.3 yrs

Chon Tan

TITLE
Independent & Non-Executive Director
COMPENSATION
MYR40K
AGE
80
TENURE
17.8 yrs

Wee Khoo

TITLE
Independent & Non-Executive Director
COMPENSATION
MYR40K
AGE
70
TENURE
15.6 yrs

Gurpreet Vohra

TITLE
Non-Independent & Non-Executive Director
COMPENSATION
MYR15K
AGE
44
TENURE
2.9 yrs

Charles Loo

TITLE
Non-Independent & Non Executive Director
COMPENSATION
MYR15K
AGE
45
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (MYR) Value (MYR)
X
Management checks
We assess Three-A Resources Berhad's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Three-A Resources Berhad has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Three-A Resources Berhad, an investment holding company, manufactures and sells food and beverage ingredients in Malaysia, Singapore, and internationally. It offers liquid caramels and caramel colors; natural fermented, distilled, and rice vinegars; glucose and maltose syrups; soya protein sauces; hydrolyzed vegetable protein powder, caramel powder, and soya sauce powder; and maltodextrin. The company was founded in 1977 and is based in Shah Alam, Malaysia.

Details
Name: Three-A Resources Berhad
3A
Exchange: KLSE
Founded: 1977
MYR329,640,006
492,000,010
Website: http://www.three-a.com.my
Address: Three-A Resources Berhad
AL 308, Lot 590 & Lot 4196,
Jalan Industri, U19,
Shah Alam,
Selangor, 40160,
Malaysia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KLSE 3A Ordinary Shares Bursa Malaysia MY MYR 13. Aug 2002
Number of employees
Current staff
Staff numbers
0
Three-A Resources Berhad employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 17:00
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/02/26
Last earnings filing: 2020/02/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.