0039.KLSE GFM Services Bhd
- Market cap
- MYR 133M
- P/E
- 8.8x
- P/B
- 0.56x
- ROE
- 11.4%
- Dividend yield
- 18.72%
- Fundamental score
- 2.9/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is 0039.KLSE undervalued?
Graham number0039.KLSE trades 53.1% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
GFM Services Bhd fundamental analysis
13 of 22 checks passedROE 1/2
Moderate return on equity (11.4%), between 10% and 20%.
ROA 1/1
Return on assets (3.8%) is above the industry median (2.5%).
Profit Consistency 2/2
Profitable for 10 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 0/1
Last year's EPS growth (-36.2%) is not above the 5-year average (3.9% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (-36.2%) is below the industry median (21.5%).
Revenue Growth 2/2
Revenue grew 14.0% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 0/2
Debt to equity cannot be calculated: debt is not reported or equity is negative.
Debt Trend 0/1
Debt to equity has risen over the past 5 years.
Debt Coverage 0/1
Debt is not reported.
Interest Coverage 0/1
EBIT is 3.3x against interest expense, below 5x.
PE vs Market 1/1
PE (8.8x) is below the market median (11.4x).
PE vs Industry 1/1
PE (8.8x) is below the industry median (16.0x).
PBV 1/1
Price to book (0.6x) is below the industry median (0.7x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 4.9, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 2.24, above 1.
Dividend Yield 2/2
Dividend yield (18.7%) is in the top 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 0/1
Payout ratio is 164.3%, above 90% of earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
About GFM Services Bhd
GFM Services Berhad, an investment holding company, provides facilities management services in Malaysia. It operates through the Facilities Management, Concession Arrangements, Oil and Gas Services, and Others segments. The Facilities Management segment offers facilities operations, maintenance and management, engineering, consultancy, and advisory services. Its Concession Arrangements segment constructs and maintains facilities and infrastructure. The Oil and Gas Services s…
Full company profileGFM Services Bhd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 2 quarters up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
GFM Services Bhd annual financial statements (MYR; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 92.1M | 104M | 122M | 133M | 118M | 124M | 141M | 146M | 190M | 209M | 355M |
| Gross Profit | 26.2M | 29.9M | 35.0M | 47.3M | 47.9M | 45.0M | 55.5M | 65.5M | 71.5M | 67.8M | 98.1M |
| Operating Income | 18.6M | 15.7M | 35.2M | 38.7M | 41.2M | 39.5M | 49.9M | 56.2M | 61.9M | 50.2M | 67.1M |
| EBITDA | - | 17.2M | 17.4M | 41.2M | 44.1M | 42.2M | 52.6M | 62.0M | 65.9M | 54.1M | 73.3M |
| Net Income | 13.0M | 9.94M | 22.4M | 5.94M | 8.56M | 10.0M | 18.3M | 26.4M | 23.7M | 15.1M | 26.9M |
| EPS | 0.03 | 0.02 | 0.05 | 0.01 | 0.02 | 0.02 | 0.03 | 0.04 | 0.03 | 0.02 | 0.04 |
| Balance Sheet | |||||||||||
| Total Assets | 95.9M | 103M | 542M | 520M | 516M | 512M | 530M | 550M | 621M | 688M | 700M |
| Total Liabilities | 34.8M | 38.1M | 440M | 415M | 402M | 387M | 367M | 367M | 408M | 466M | 462M |
| Shareholders' Equity | 61.2M | 64.9M | 103M | 105M | 114M | 125M | 163M | 183M | 214M | 223M | 235M |
| Cash & Short-term Investments | 20.4M | 28.3M | 160M | 141M | 107M | 112M | 132M | 128M | 184M | 193M | 154M |
| Total Debt | 7.64M | 14.4M | 352M | 328M | 304M | - | - | - | - | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 4.18M | 14.1M | 17.2M | 13.1M | 24.9M | 29.6M | 22.9M | 28.6M | 40.6M | 17.4M | 27.0M |
| Capital Expenditure | 532K | 351K | 1.22M | 3.15M | 284K | 498K | 665K | 422K | 2.02M | 2.16M | 3.11M |
| Free Cash Flow | - | 13.8M | 16.5M | 9.75M | 24.7M | 29.1M | 25.3M | 28.2M | 38.6M | 15.3M | 23.9M |
| Ratios | |||||||||||
| ROE | 21.3% | 15.3% | 21.8% | 5.6% | 7.5% | 8.0% | 11.2% | 14.5% | 11.1% | 6.8% | 11.4% |
| ROA | 13.6% | 9.7% | 4.1% | 1.1% | 1.7% | 2.0% | 3.4% | 4.8% | 3.8% | 2.2% | 3.8% |
| Net Profit Margin | 14.2% | 9.5% | 18.3% | 4.5% | 7.3% | 8.1% | 13.0% | 18.1% | 12.5% | 7.3% | 7.6% |
| Debt to Equity | 0.12x | 0.22x | 3.43x | 3.12x | 2.66x | - | - | - | - | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
GFM Services Bhd dividends
- Dividend yield
- 18.72%
- Forward dividend
- -
- Payout ratio
- 164.3%
- Ex-dividend date
- Jun 23, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | MYR 24.8M | 0.03 | 164.3% |
| 2024 | MYR 11.9M | 0.02 | 50.3% |
| 2023 | MYR 2.76M | 0.00 | 10.4% |
| 2022 | MYR 995K | 0.00 | 5.4% |
| 2021 | MYR 3.56M | 0.01 | 35.6% |
| 2020 | MYR 920K | 0.00 | 10.7% |
| 2019 | MYR 5.20M | 0.01 | 87.5% |
| 2018 | MYR 4.05M | 0.01 | 18.1% |
| 2017 | MYR 6.19M | 0.01 | 62.2% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 1:20 on Dec 20, 2016.
Who owns GFM Services Bhd
- Insiders 59.52%
- Institutions 0.38%
- Public & others 40.11%
- Shares outstanding 759M
- Free float 307M
GFM Services Bhd company profile
- Company name
- GFM Services Bhd
- Ticker
- 0039.KLSE
- ISIN
- MYQ0039OO006
- Exchange
- Kuala Lumpur Exchange
- Sector
- Industrials
- Industry
- Commercial Services & Supplies
- Fiscal year end
- December
- Address
- Melawati Corporate Centre, Kuala Lumpur, Malaysia, 53100
- Phone
- 60 3 4101 0555
- Website
- gfmservices.com.my
About GFM Services Bhd
GFM Services Berhad, an investment holding company, provides facilities management services in Malaysia. It operates through the Facilities Management, Concession Arrangements, Oil and Gas Services, and Others segments. The Facilities Management segment offers facilities operations, maintenance and management, engineering, consultancy, and advisory services. Its Concession Arrangements segment constructs and maintains facilities and infrastructure. The Oil and Gas Services segment engages in the trading of chemical and oil products; and provision of engineering services. Its Others segment provides fundraising and administrative services. It also provides fabrication, retail trading, and marine services; repair and maintenance of other equipment; and issuance of Islamic securities and investment in Shariah-compliant securities. GFM Services Berhad was founded in 2000 and is headquartered in Kuala Lumpur, Malaysia.
GFM Services Bhd management
10- Mr. Ruslan bin NordinGroup MD & Executive Director · born 1960
- Mr. Heathir Bin AhmadFinancial Controller · born 1977
- Mr. Zakir Basree Abdul RahmanDirector of Investment · born 1963
- Mr. Azly Bin Ahmad AnwarHead of Governance, Compliance & Risk · born 1974
- Ms. Triwana Binti Abdul RahmanHead of Human Resources Management · born 1978
- Mr. Ahmad Suhairi Bin SamsudinDirector of Asset & Facility Management Division · born 1972
- Ms. Li Heong Lim MAICSAJoint Company Secretary
- Ms. Mee Kiat WongJoint Company Secretary
- Mr. Fauzi Bin MohamadCEO of Highbase Strategic Sdn Bhd, Oil & Gas Division · born 1974
- Geok Suat TayJoint Secretary