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PLS Plantations Berhad

KLSE:PLS
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PLS
KLSE
MYR214M
Market Cap
  1. Home
  2. MY
  3. Food, Beverage & Tobacco
Company description

PLS Plantations Berhad, an investment holding company, primarily engages in the operation and management of oil palm plantation in Malaysia. The last earnings update was 41 days ago. More info.


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  • PLS Plantations Berhad has significant price volatility in the past 3 months.
PLS Share Price and Events
7 Day Returns
18.4%
KLSE:PLS
1.4%
MY Food
3.7%
MY Market
1 Year Returns
-38.4%
KLSE:PLS
-12.7%
MY Food
-20.1%
MY Market
PLS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PLS Plantations Berhad (PLS) 18.4% 0% -26.1% -38.4% -48.3% -37.1%
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
  • PLS underperformed the Food industry which returned -12.7% over the past year.
  • PLS underperformed the Market in Malaysia which returned -20.1% over the past year.
Price Volatility
PLS
Industry
5yr Volatility vs Market

Value

 Is PLS Plantations 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 PLS Plantations 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 PLS Plantations Berhad.

KLSE:PLS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. 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:PLS
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%) (44.74%))
0.78
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:PLS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PLS Plantations 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:PLS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (MYR, Millions) Source Present Value
Discounted (@ 8.99%)
2020 2.22 Est @ -34.38% 2.03
2021 1.71 Est @ -23.04% 1.44
2022 1.45 Est @ -15.1% 1.12
2023 1.31 Est @ -9.55% 0.93
2024 1.24 Est @ -5.66% 0.80
2025 1.20 Est @ -2.93% 0.72
2026 1.19 Est @ -1.03% 0.65
2027 1.19 Est @ 0.31% 0.60
2028 1.21 Est @ 1.24% 0.56
2029 1.23 Est @ 1.89% 0.52
Present value of next 10 years cash flows MYR9.00
KLSE:PLS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= MYR1.23 × (1 + 3.42%) ÷ (8.99% – 3.42%)
MYR22.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= MYR22.81 ÷ (1 + 8.99%)10
MYR9.65
KLSE:PLS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= MYR9.00 + MYR9.65
MYR18.65
Equity Value per Share
(MYR)
= Total value / Shares Outstanding
= MYR18.65 / 350.70
MYR0.05
KLSE:PLS Discount to Share Price
Calculation Result
Value per share (MYR) From above. MYR0.05
Current discount Discount to share price of MYR0.61
= -1 x (MYR0.61 - MYR0.05) / MYR0.05
-1047.3%

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

  • The current share price of PLS Plantations 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 PLS Plantations Berhad's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PLS Plantations Berhad's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
KLSE:PLS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in MYR MYR-0.03
KLSE:PLS Share Price ** KLSE (2020-04-09) in MYR MYR0.61
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 PLS Plantations Berhad.

KLSE:PLS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.61 ÷ -0.03

-23.85x

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

  • PLS Plantations Berhad is loss making, we can't compare its value to the MY Food industry average.
  • PLS Plantations Berhad is loss making, we can't compare the value of its earnings to the Malaysia market.
Price based on expected Growth
Does PLS Plantations Berhad's expected growth come at a high price?
Raw Data
KLSE:PLS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -23.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 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 PLS Plantations Berhad, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on PLS Plantations Berhad's assets?
Raw Data
KLSE:PLS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in MYR MYR0.55
KLSE:PLS Share Price * KLSE (2020-04-09) in MYR MYR0.61
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:PLS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.61 ÷ 0.55

1.11x

* Primary Listing of PLS Plantations Berhad.

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

  • PLS Plantations Berhad is overvalued based on assets compared to the MY Food industry average.
X
Value checks
We assess PLS Plantations 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. PLS Plantations Berhad has a total score of 0/6, 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 PLS Plantations Berhad expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as PLS Plantations Berhad has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
17.3%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PLS Plantations Berhad expected to grow at an attractive rate?
  • Unable to compare PLS Plantations Berhad's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare PLS Plantations Berhad's earnings growth to the Malaysia market average as no estimate data is available.
  • Unable to compare PLS Plantations Berhad's revenue growth to the Malaysia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
KLSE:PLS Future Growth Rates Data Sources
Data Point Source Value (per year)
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:PLS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in MYR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
KLSE:PLS Past Financials Data
Date (Data in MYR Millions) Revenue Cash Flow Net Income *
2019-12-31 80 11 -9
2019-09-30 75 6 -13
2019-06-30 69 6 -14
2019-03-31 63 8 -15
2018-12-31 64 12 -8
2018-09-30 67 15 -2
2018-06-30 72 14 1
2018-03-31 77 19 7
2017-12-31 90 20 5
2017-09-30 85 23 2
2017-06-30 76 26 -2
2017-03-31 71 22 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if PLS Plantations Berhad is high growth as no earnings estimate data is available.
  • Unable to determine if PLS Plantations Berhad is high growth as no revenue estimate data is available.
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:PLS 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 0 Analyst Estimates (S&P Global) See Below

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

KLSE:PLS Past Financials Data
Date (Data in MYR Millions) EPS *
2019-12-31 -0.03
2019-09-30 -0.04
2019-06-30 -0.04
2019-03-31 -0.05
2018-12-31 -0.03
2018-09-30 -0.01
2018-06-30 0.00
2018-03-31 0.02
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 -0.01
2017-03-31 -0.03

*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.
  • Unable to establish if PLS Plantations Berhad will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of PLS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. PLS Plantations Berhad's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Food, Beverage & Tobacco companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess PLS Plantations 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.
PLS Plantations Berhad has a total score of 0/6, 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 PLS Plantations 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 PLS Plantations 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.
  • PLS Plantations Berhad does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare PLS Plantations Berhad's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare PLS Plantations Berhad's 1-year growth to the MY Food industry average as it is not currently profitable.
Earnings and Revenue History
PLS Plantations 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 PLS Plantations Berhad Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KLSE:PLS 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 79.89 -8.83 10.96
2019-09-30 74.99 -12.85 11.60
2019-06-30 68.99 -14.01 10.86
2019-03-31 63.20 -14.82 8.88
2018-12-31 64.41 -8.27 10.01
2018-09-30 67.15 -2.40 8.97
2018-06-30 71.74 1.47 8.52
2018-03-31 76.64 6.72 8.35
2017-12-31 90.04 4.75 7.96
2017-09-30 84.56 2.20 6.99
2017-06-30 76.31 -2.38 6.67
2017-03-31 71.39 -8.29 6.66
2016-12-31 52.96 -10.17 4.82
2016-09-30 44.74 -10.49 5.32
2016-06-30 37.76 -13.53 5.48
2016-03-31 34.41 -12.58 5.72
2015-12-31 40.08 -7.65 6.37
2015-09-30 49.59 -7.35 6.11
2015-06-30 53.82 -5.87 6.20
2015-03-31 59.97 -3.65 5.64
2014-12-31 90.66 9.50 4.67
2014-09-30 85.40 12.28 4.99
2014-06-30 92.06 16.39 4.77
2014-03-31 90.75 19.92 5.22
2013-12-31 72.29 10.48 7.15
2013-09-30 73.87 7.28 6.97
2013-06-30 70.83 6.68 7.09

*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.
  • It is difficult to establish if PLS Plantations Berhad has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if PLS Plantations Berhad has efficiently used its assets last year compared to the MY Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if PLS Plantations Berhad improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess PLS Plantations 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.
PLS Plantations Berhad has a total score of 0/6, 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 PLS Plantations 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 PLS Plantations Berhad's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PLS Plantations Berhad's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • PLS Plantations Berhad's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of PLS Plantations 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 not covered by short term assets, assets are 0.3x 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 PLS Plantations Berhad Company Filings, last reported 3 months ago.

KLSE:PLS Past Debt and Equity Data
Date (Data in MYR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 238.86 91.41 2.52
2019-09-30 237.92 104.01 4.17
2019-06-30 236.85 107.04 6.90
2019-03-31 240.43 100.62 7.92
2018-12-31 232.21 102.45 9.02
2018-09-30 236.98 102.77 9.64
2018-06-30 237.37 103.46 10.44
2018-03-31 242.08 103.82 15.17
2017-12-31 543.43 102.80 15.51
2017-09-30 543.26 95.35 7.97
2017-06-30 542.42 95.61 8.01
2017-03-31 543.77 98.02 10.15
2016-12-31 550.14 100.89 14.80
2016-09-30 550.17 103.21 15.68
2016-06-30 551.36 102.99 14.38
2016-03-31 556.70 100.60 15.44
2015-12-31 575.39 98.84 23.96
2015-09-30 577.44 89.55 19.55
2015-06-30 582.78 89.18 24.31
2015-03-31 587.84 89.35 22.54
2014-12-31 565.88 71.42 22.09
2014-09-30 565.61 73.44 30.06
2014-06-30 554.09 117.08 48.56
2014-03-31 554.80 77.38 51.79
2013-12-31 536.68 123.45 56.67
2013-09-30 122.46 125.59 58.46
2013-06-30 121.35 80.96 62.72
  • PLS Plantations Berhad's level of debt (38.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (12.6% vs 38.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making PLS Plantations Berhad has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making PLS Plantations Berhad has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -44.7% per year.
X
Financial health checks
We assess PLS Plantations 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. PLS Plantations Berhad has a total score of 3/6, 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 PLS Plantations 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
0%
Current annual income from PLS Plantations Berhad dividends.
If you bought MYR2,000 of PLS Plantations Berhad shares you are expected to receive MYR0 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?
  • Unable to evaluate PLS Plantations Berhad's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate PLS Plantations Berhad's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:PLS 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 0 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.

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

  • Unable to perform a dividend volatility check as PLS Plantations Berhad has not reported any payouts.
  • Unable to verify if PLS Plantations Berhad's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of PLS Plantations Berhad's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as PLS Plantations Berhad has not reported any payouts.
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 PLS Plantations 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 PLS Plantations Berhad afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PLS Plantations Berhad has a total score of 0/6, 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 PLS Plantations 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
Kang Lim
COMPENSATION MYR678,000
AGE 62
TENURE AS CEO 25.3 years
CEO Bio

Tan Sri Dato' Kang Yew Lim, MCE has been a Managing Director of PLS Plantations Berhad (formerly Pembinaan Limbongan Setia Bhd) since December 12, 1994. Tan Sri Dato' Lim has more than 20 years of experience in the construction industry. Tan Sri Dato' Lim started with his own construction company mainly involved in Civil Engineering and building works and established good working relationship with some government agencies. Tan Sri Dato' Lim has been Deputy Executive Chairman of TSR Capital Bhd since April 15, 2014 and previously served as its Deputy Chairman since October 5, 2005. Tan Sri Dato' Lim has been an Executive Director of Pembinaan Limbongan Setia Bhd since March 10, 1987.

CEO Compensation
  • Kang's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kang's remuneration is about average for companies of similar size in Malaysia.
Management Team Tenure

Average tenure and age of the PLS Plantations Berhad management team in years:

13.5
Average Tenure
54
Average Age
  • The average tenure for the PLS Plantations Berhad management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kang Lim

TITLE
Executive Chairman
COMPENSATION
MYR10K
AGE
64
TENURE
1.2 yrs

Kang Lim

TITLE
MD & Executive Director
COMPENSATION
MYR678K
AGE
62
TENURE
25.3 yrs

Hun Lee

TITLE
Executive Director
COMPENSATION
MYR10K
AGE
42

Kum Hei

TITLE
Group Accountant
AGE
46
TENURE
13.5 yrs

Thiam Wah Lim

TITLE
Joint Company Secretary

Hoon Chua

TITLE
Joint Company Secretary
Board of Directors Tenure

Average tenure and age of the PLS Plantations Berhad board of directors in years:

8.8
Average Tenure
61
Average Age
  • The tenure for the PLS Plantations Berhad board of directors is about average.
Board of Directors

Kang Lim

TITLE
Executive Chairman
COMPENSATION
MYR10K
AGE
64
TENURE
1.2 yrs

Kang Lim

TITLE
MD & Executive Director
COMPENSATION
MYR678K
AGE
62
TENURE
33.1 yrs

Hun Lee

TITLE
Executive Director
COMPENSATION
MYR10K
AGE
42
TENURE
11.7 yrs

Hisham Bin Mahmood

TITLE
Independent Non-Executive Director
COMPENSATION
MYR11K
AGE
60
TENURE
23.1 yrs

Hui Kang

TITLE
Independent Non-Executive Director
COMPENSATION
MYR10K
AGE
47
TENURE
15 yrs

Kang Lim

TITLE
Non-Independent & Non-Executive Director
COMPENSATION
MYR10K
AGE
62
TENURE
14.5 yrs

Majid Bin Abdullah

TITLE
Independent Non-Executive Director
COMPENSATION
MYR10K
AGE
59
TENURE
2.2 yrs

Yoon Chow

TITLE
Independent Non-Executive Director
COMPENSATION
MYR2K
AGE
73
TENURE
1.2 yrs

Joy Cho

TITLE
Independent Non-Executive Director
COMPENSATION
MYR2K
AGE
76
TENURE
1.2 yrs

Guan Lim

TITLE
Alternate Director
AGE
32
TENURE
5.9 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 PLS Plantations 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. PLS Plantations 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

PLS Plantations Berhad, an investment holding company, primarily engages in the operation and management of oil palm plantation in Malaysia. It operates through Construction, Plantation, Investment Holding, and Trading segments. The company is also involved in the operation and management of a forest plantation, logging, saw milling, chipping, and other downstream manufacturing and related activities; and operation and management of durian plantation, and other downstream manufacturing and related businesses. In addition, it undertakes civil engineering and construction works of earthwork and buildings; and trades in fresh and processed fruits. The company was formerly known as Pembinaan Limbongan Setia Berhad and changed its name to PLS Plantations Berhad in October 2009. PLS Plantations Berhad was incorporated in 1987 and is based in Petaling Jaya, Malaysia.

Details
Name: PLS Plantations Berhad
PLS
Exchange: KLSE
Founded: 1987
MYR213,927,000
350,700,000
Website: http://www.limbongan.com
Address: PLS Plantations Berhad
Menara TSR,
Unit 9-01, Level 9,
Petaling Jaya,
Selangor, 47810,
Malaysia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KLSE PLS Ordinary Shares Bursa Malaysia MY MYR 03. Mar 1995
Number of employees
Current staff
Staff numbers
732
PLS Plantations Berhad employees.
Industry
Agricultural Products
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 16:22
End of day share price update: 2020/04/09 00:00
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


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.