0089.KLSE Tex Cycle Technology M Bhd
- Market cap
- MYR 233M
- P/E
- 11.0x
- P/B
- 1.21x
- ROE
- 6.9%
- Dividend yield
- -
- Fundamental score
- 3.0/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is 0089.KLSE undervalued?
Graham number0089.KLSE trades 23.2% 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?
Tex Cycle Technology M Bhd fundamental analysis
14 of 22 checks passedROE 0/2
Low return on equity (6.9%), below 10%.
ROA 1/1
Return on assets (4.7%) 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 (31.7%) is not above the 5-year average (43.0% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (31.7%) is above the industry median (21.5%).
Revenue Growth 2/2
Revenue grew 22.4% 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 2/2
Low debt to equity (29.4%), 40% or less.
Debt Trend 0/1
Debt to equity has risen over the past 5 years.
Debt Coverage 1/1
Operating cash flow covers 20% of total debt.
Interest Coverage 1/1
EBIT is 6.8x against interest expense, well covered.
PE vs Market 1/1
PE (11.0x) is below the market median (11.4x).
PE vs Industry 1/1
PE (11.0x) is below the industry median (16.0x).
PBV 0/1
Price to book (1.2x) is above the industry median (0.7x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 13.3, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.26, growth is cheap.
Dividend Yield 0/2
No dividend paid in the last reported year.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 0/1
No dividend, or no profit to pay it from.
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 Tex Cycle Technology M Bhd
Tex Cycle Technology (M) Berhad, an investment holding company, engages in the recovery and recycling of scheduled waste in Malaysia. It operates through Investment Holding, Recovery and Recycling Services, Rental of Investment Property, Trading, Renewable Energy, and Others segments. The company manufactures and trade chemical products; rents investment properties; and recycled products. It also engages in the development of renewable energy power plants; procurement and pr…
Full company profileTex Cycle Technology M 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.
Tex Cycle Technology M 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 | 31.7M | 36.2M | 37.1M | 30.6M | 23.8M | 28.7M | 31.5M | 35.1M | 36.2M | 57.7M | 89.5M |
| Gross Profit | 20.1M | 21.6M | 22.5M | 18.1M | 14.2M | 19.3M | 21.1M | 22.9M | 22.8M | 21.8M | 36.7M |
| Operating Income | 16.5M | 15.4M | 9.97M | 7.40M | 5.32M | 8.32M | 13.3M | 20.3M | 19.3M | 25.6M | 16.1M |
| EBITDA | - | 18.8M | 13.4M | 10.3M | 7.95M | 11.7M | 17.3M | 25.1M | 25.3M | 32.4M | 26.8M |
| Net Income | 15.2M | 12.8M | 7.75M | 4.98M | 3.33M | 6.23M | 9.39M | 15.5M | 16.6M | 20.7M | 13.4M |
| EPS | 0.06 | 0.05 | 0.03 | 0.02 | 0.01 | 0.02 | 0.04 | 0.06 | 0.06 | 0.08 | 0.05 |
| Balance Sheet | |||||||||||
| Total Assets | 92.3M | 114M | 120M | 122M | 123M | 130M | 161M | 179M | 235M | 294M | 288M |
| Total Liabilities | 7.42M | 17.9M | 18.4M | 16.1M | 14.4M | 15.2M | 38.0M | 40.4M | 49.1M | 103M | 91.8M |
| Shareholders' Equity | 84.9M | 95.8M | 102M | 106M | 109M | 115M | 123M | 139M | 186M | 192M | 193M |
| Cash & Short-term Investments | 12.5M | 18.0M | 26.3M | 29.1M | 22.8M | 17.8M | 22.5M | 18.1M | 21.1M | 7.66M | 5.19M |
| Total Debt | 3.56M | 12.3M | 10.9M | 9.29M | 6.34M | - | - | - | - | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 8.63M | 11.3M | 17.6M | 11.4M | 6.99M | 11.4M | 6.47M | 4.74M | 4.08M | 5.02M | 27.8M |
| Capital Expenditure | 4.79M | 20.0M | 5.70M | 4.52M | 6.12M | 13.8M | 17.3M | 18.6M | 24.9M | 12.9M | 15.8M |
| Free Cash Flow | - | -1.78M | 11.9M | 6.84M | 665K | -2.35M | -10.9M | -13.9M | -20.9M | -7.87M | 12.0M |
| Ratios | |||||||||||
| ROE | 17.9% | 13.4% | 7.6% | 4.7% | 3.1% | 5.4% | 7.6% | 11.2% | 8.9% | 10.8% | 6.9% |
| ROA | 16.4% | 11.3% | 6.5% | 4.1% | 2.7% | 4.8% | 5.8% | 8.7% | 7.1% | 7.0% | 4.7% |
| Net Profit Margin | 47.9% | 35.5% | 20.9% | 16.3% | 14.0% | 21.7% | 29.9% | 44.1% | 45.9% | 35.9% | 15.0% |
| Debt to Equity | 0.04x | 0.13x | 0.11x | 0.09x | 0.06x | - | - | - | - | - | - |
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.
Tex Cycle Technology M Bhd dividends
- Dividend yield
- -
- Forward dividend
- -
- Payout ratio
- -
- Ex-dividend date
- Dec 5, 2022
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | - | - | - |
| 2024 | - | - | - |
| 2023 | - | - | - |
| 2022 | MYR 1.52M | 0.01 | 16.2% |
| 2021 | MYR 1.52M | 0.01 | 24.4% |
| 2020 | MYR 1.52M | 0.01 | 45.7% |
| 2019 | MYR 1.53M | 0.01 | 30.7% |
| 2018 | MYR 1.53M | 0.01 | 19.8% |
| 2017 | MYR 1.86M | 0.01 | 14.5% |
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: 3:2 on Nov 6, 2017.
Who owns Tex Cycle Technology M Bhd
- Insiders 63.18%
- Institutions 0.00%
- Public & others 36.82%
- Shares outstanding 265M
- Free float 84.8M
Tex Cycle Technology M Bhd company profile
- Company name
- Tex Cycle Technology M Bhd
- Ticker
- 0089.KLSE
- ISIN
- MYQ0089OO001
- Exchange
- Kuala Lumpur Exchange
- Sector
- Industrials
- Industry
- Commercial Services & Supplies
- Employees
- 174
- Fiscal year end
- December
- Address
- Lot 8942, Jalan Telok Gong, Port Klang, Malaysia, 42000
- Phone
- 60 3 3170 3987
- Website
- texcycle.com.my
About Tex Cycle Technology M Bhd
Tex Cycle Technology (M) Berhad, an investment holding company, engages in the recovery and recycling of scheduled waste in Malaysia. It operates through Investment Holding, Recovery and Recycling Services, Rental of Investment Property, Trading, Renewable Energy, and Others segments. The company manufactures and trade chemical products; rents investment properties; and recycled products. It also engages in the development of renewable energy power plants; procurement and processing of biomass and biogas solid fuel for renewable energy generation and trading, as well as export of the by-products obtained from the process; and provision of equipment and consultancy services related to renewable energy. In addition, the company provides professional services for the electronics, engineering, automobile, oil and gas, and printing industries and chemical products for oil and gas, agricultural, and chemical industries. Further, it engages in the treatment and disposal of non-hazardous waste; remediation and other waste management activities; supply and retail of organic goods; import and export of fertilizers; and operation of a solar plant. Tex Cycle Technology (M) Berhad was founded in 1984 and is headquartered in Port Klang, Malaysia.
Tex Cycle Technology M Bhd management
10- Mr. Gary Dass Anthony FrancisGroup Chief Executive Officer · born 1989
- Ms. Siaw Wei HiiGroup Chief Financial Officer · born 1979
- Mr. Wai Mun HoChief Operating Officer · born 1981
- Mr. Junyan LeeChief Technical Officer · born 1992
- Mr. Harbir Singh GillManaging Director of Ground Control Sdn Bhd · born 1971
- Haji Muhamad TollingManaging Director of Tex Evolusi Waste Management Sdn Bhd · born 1969
- Mr. Kok Cheow TeohManaging Director of Meridian World Sdn Bhd · born 1966
- Mr. Chuan Yee KehExecutive Director · born 1994
- Ms. Ming Siang KhooCompany Secretary
- Ms. Yen Yee ChongGroup Financial Controller · born 1994