0128.KLSE Frontken Corporation Bhd
- Market cap
- MYR 9.39B
- P/E
- 47.1x
- P/B
- 5.33x
- ROE
- 10.3%
- Dividend yield
- 0.68%
- Fundamental score
- 3.0/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is 0128.KLSE undervalued?
Graham numberThe Graham number of Frontken Corporation Bhd cannot be estimated reliably (the estimate is too far from the market price).
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?
Frontken Corporation Bhd fundamental analysis
15 of 22 checks passedROE 1/2
Moderate return on equity (10.3%), between 10% and 20%.
ROA 1/1
Return on assets (8.6%) 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 1/1
Last year's EPS growth (48.0%) is above the 5-year average (13.1% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (48.0%) is above the industry median (21.5%).
Revenue Growth 1/2
Revenue grew 5.5% 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 (1.8%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 1/1
Operating cash flow covers 20% of total debt.
Interest Coverage 1/1
EBIT is 294.7x against interest expense, well covered.
PE vs Market 0/1
PE (47.1x) is above the market median (11.4x).
PE vs Industry 0/1
PE (47.1x) is above the industry median (16.0x).
PBV 0/1
Price to book (5.3x) is above the industry median (0.7x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 251.2, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 3.59, above 1.
Dividend Yield 0/2
Dividend yield (0.7%) is in the bottom 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 1/1
Payout ratio is 41.2%, covered by 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 Frontken Corporation Bhd
Frontken Corporation Berhad, an investment holding company, engages in the surface treatment, and mechanical and chemical engineering works in Malaysia, Singapore, the Philippines, Taiwan, and Indonesia. The company is involved in the precision cleaning and surface treatment of vacuum processes equipment parts in the semiconductors and TFT industries; decontamination of newly manufactured parts and routine maintenance, and kit management of semiconductor manufacturing compon…
Full company profileFrontken Corporation 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.
Frontken Corporation 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 | 262M | 297M | 327M | 340M | 368M | 450M | 517M | 500M | 569M | 608M | 753M |
| Gross Profit | 78.5M | 105M | 127M | 148M | 165M | 214M | 250M | 232M | 261M | 205M | 237M |
| Operating Income | 34.6M | 47.1M | 76.1M | 97.0M | 115M | 151M | 176M | 168M | 199M | 224M | 268M |
| EBITDA | 51.8M | 65.6M | 93.5M | 115M | 133M | 168M | 193M | 188M | 220M | 246M | 289M |
| Net Income | 20.0M | 29.9M | 52.3M | 69.2M | 82.0M | 105M | 123M | 112M | 137M | 154M | 180M |
| EPS | 0.01 | 0.02 | 0.03 | 0.04 | 0.05 | 0.07 | 0.08 | 0.07 | 0.07 | 0.10 | 0.10 |
| Balance Sheet | |||||||||||
| Total Assets | 408M | 431M | 455M | 516M | 618M | 719M | 806M | 885M | 989M | 1.30B | 2.08B |
| Total Liabilities | 112M | 125M | 110M | 117M | 151M | 184M | 218M | 198M | 216M | 212M | 267M |
| Shareholders' Equity | 262M | 282M | 325M | 377M | 440M | 501M | 548M | 641M | 721M | 1.04B | 1.76B |
| Cash & Short-term Investments | 99.3M | 126M | 150M | 223M | 312M | 315M | 342M | 419M | 518M | 841M | 1.52B |
| Total Debt | 29.3M | 33.8M | 13.7M | 15.8M | 12.3M | 21.3M | 52.6M | 33.1M | 28.8M | 28.9M | 31.6M |
| Cash Flow | |||||||||||
| Operating Cash Flow | 44.4M | 69.0M | 63.3M | 115M | 120M | 139M | 143M | 144M | 167M | 213M | 142M |
| Capital Expenditure | 27.7M | 20.2M | 7.49M | 7.03M | 7.74M | 82.8M | 52.7M | 15.1M | 24.8M | 42.6M | 54.3M |
| Free Cash Flow | 16.7M | 48.9M | 55.8M | 108M | 112M | 55.9M | 90.2M | 129M | 142M | 171M | 87.8M |
| Ratios | |||||||||||
| ROE | 7.7% | 10.6% | 16.1% | 18.3% | 18.6% | 20.9% | 22.5% | 17.5% | 19.0% | 14.9% | 10.3% |
| ROA | 4.9% | 6.9% | 11.5% | 13.4% | 13.3% | 14.5% | 15.3% | 12.6% | 13.8% | 11.8% | 8.6% |
| Net Profit Margin | 7.7% | 10.1% | 16.0% | 20.3% | 22.3% | 23.2% | 23.8% | 22.4% | 24.0% | 25.4% | 23.9% |
| Debt to Equity | 0.11x | 0.12x | 0.04x | 0.04x | 0.03x | 0.04x | 0.10x | 0.05x | 0.04x | 0.03x | 0.02x |
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.
Frontken Corporation Bhd dividends
- Dividend yield
- 0.68%
- Forward dividend
- 0.02 MYR
- Payout ratio
- 41.2%
- Ex-dividend date
- Aug 21, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | MYR 63.6M | 0.04 | 41.2% |
| 2024 | MYR 61.5M | 0.03 | 45.0% |
| 2023 | MYR 40.8M | 0.03 | 36.5% |
| 2022 | MYR 64.4M | 0.04 | 52.2% |
| 2021 | MYR 52.9M | 0.03 | 50.6% |
| 2020 | MYR 28.3M | 0.02 | 34.5% |
| 2019 | MYR 18.9M | 0.01 | 27.3% |
| 2018 | MYR 7.34M | 0.00 | 14.0% |
| 2017 | MYR 5.24M | 0.00 | 17.5% |
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 Apr 27, 2021.
Who owns Frontken Corporation Bhd
- Insiders 9.68%
- Institutions 60.28%
- Public & others 30.04%
- Shares outstanding 1.81B
- Free float 1.64B
Frontken Corporation Bhd company profile
- Company name
- Frontken Corporation Bhd
- Ticker
- 0128.KLSE
- ISIN
- MYQ0128OO007
- Exchange
- Kuala Lumpur Exchange
- Sector
- Industrials
- Industry
- Commercial Services & Supplies
- Fiscal year end
- December
- Address
- Uptown 5, Petaling Jaya, Malaysia, 47400
- Phone
- 60 3 7625 1381
- Website
- frontken.com
About Frontken Corporation Bhd
Frontken Corporation Berhad, an investment holding company, engages in the surface treatment, and mechanical and chemical engineering works in Malaysia, Singapore, the Philippines, Taiwan, and Indonesia. The company is involved in the precision cleaning and surface treatment of vacuum processes equipment parts in the semiconductors and TFT industries; decontamination of newly manufactured parts and routine maintenance, and kit management of semiconductor manufacturing components; surface treatment business, which include thermal spray coatings, arc spray coatings, precision anodization, and precision texturing and polishing; protection, lifetime extension, performance and efficiency improvements through advance surface treatment technology, such as cold build up treatment, plating, plating and conversion coating, and specialized plasma transferred arc welding; and equipment maintenance and overhaul, mechanical fitting and assembly, dynamic balancing, heat treatment, on site machining, metal stitching, and laser alignment. It also engages in the turbo machinery technical engineering business; and surface treatment and advanced precision cleaning for the thin film transistor - liquid crystal display and semi-conductor industries. The company was founded in 1996 and is headquartered in Petaling Jaya, Malaysia.
Frontken Corporation Bhd management
5- Mr. Wai Pin NgChairman & CEO · born 1966
- Dr. Kiang Meng TayChief Scientist, Chief Sustainability Officer & Executive Director · born 1965
- Mr. Chee Wai WongChief Financial Officer · born 1972
- Mr. Mohd Shukri Bin HitamManaging Director of TTES Frontken Integrated Services Sdn Bhd · born 1967
- Mr. Li Chen Mah ACISCompany Secretary