Asia File Analysis

ASIA FILE
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I   GENERAL INFORMATION                                                         

Current share price: RM 5.65       

Par Value:  RM 1.00

Paidup Capital:  70,495,200       

NAV (net asset value):  175,398,404 / 70,495,200 = 2.49

Dividend Yield (Dividend per share / Share Price):
       
Number of Shares: 70,495,200

Year end: 31st March        5 Year Price Range:
2.79 – 7.95

II   FIVE YEAR FINANCIAL DATA

                   2002     2003     2004     2005     2006
Turnover
(RM’000)        84,906   90,836  107,408  118,822  121,251

Margin (%)         19.7     23.3     26.1     27.4     25.3

Prof after tax (RM’000)
                 16,768   21,182   28,066   32,577   30,651

Shld Fund
(RM’000)       105,691  117,367  136,849  155,092  170,097

ROE (%)            15.8    18.04    20.51       21    18.01

Dividend
(cents)              16       18       25       28       32

Earnings per
Share (cents)     24.88    31.05    40.83    46.63    43.82

Total Assets
(RM’000)       122,665  135,207  162,195  181,522  188,904

Total Liabilities
($m)             13,988   12,677   19,349   20,994   13,505

II    RATIOS/NUMBERS FOR MEASURING PROFITABILITY

Profit Margin (OM):  [Profit after tax / Turnover]                25.3%

Price/Earnings (PE):  [Share price / Earnings per share].         5.65 / 0.4382 = 12.89

Price/Cash flow (P/CF):  [Share price / Cash flow per share]      13.14

Return on Equity (ROE):  [Profit after tax / Shareholder equity]  18.01%

Earnings Stability:  [Profit after tax over 5 or 10 years]        43% earning growth over 5 years


IV   RATIOS/NUMBERS FOR MEASURING RETURN TO INVESTORS

Dividends per share (DPS):
[Total dividend paid out for year / Total number of shares]       32

Dividend Yield (DY):  
[Dividend per share / Share price]                                0.32 / 5.65 = 5.7%


V    RATIOS/NUMBERS FOR MEASURING ASSETS OF COMPANY

Price/Book Value (P/BV):  [Share price / Book value per share]    5.65 / 2.49 = 2.27
Current Ratio (CR): [Current Assets / Current Liabilities]        8.08
Return on Assets (ROA): [Profit after tax / Total Assets]         16.2%


VI   RATIOS/NUMBERS FOR MEASURING FINANCIAL STRENGTH OF COMPANY

Debt/Equity (D/E): [Total debt / Shareholder Equity]                     0.002
Quick Ratio (QR): [(Current Assets - Inventory) / Current Liabilities]   4.82       
Cash Balance: [Funds in fixed deposits, banks, money market, etc]        38,842,849
Inventory Turnover: [90 days/Revenue divided by Inventory]               32.73