0198.KLSE GDB Holdings Bhd
- Market cap
- MYR 557M
- P/E
- 11.0x
- P/B
- 1.86x
- ROE
- 23.2%
- Dividend yield
- 2.86%
- Fundamental score
- 3.4/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is 0198.KLSE undervalued?
Graham number0198.KLSE trades 4.8% 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?
GDB Holdings Bhd fundamental analysis
16 of 22 checks passedROE 2/2
High return on equity (23.2%), above 20%.
ROA 1/1
Return on assets (13.5%) is above the industry median (1.5%).
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 (84.4%) is above the 5-year average (13.9% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (84.4%) is above the industry median (10.1%).
Revenue Growth 2/2
Revenue grew 13.6% 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 1/1
No interest expense reported.
PE vs Market 1/1
PE (10.8x) is below the market median (11.4x).
PE vs Industry 0/1
PE (10.8x) is above the industry median (8.6x).
PBV 0/1
Price to book (1.8x) is above the industry median (0.5x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 19.7, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.77, growth is cheap.
Dividend Yield 1/2
Dividend yield (2.9%) is above 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 29.4%, 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 GDB Holdings Bhd
GDB Holdings Berhad, an investment holding company, engages in the provision of construction services in Malaysia. It constructs high-rise residential, commercial, and mixed development projects. The company also offers geotechnical and foundation engineering works comprising large-scale piling projects, infrastructure development, deep excavations, and basement construction. In addition, it provides supply and installation of construction materials, machinery and equipment,…
Full company profileGDB Holdings 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.
GDB Holdings 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 | 277M | 297M | 275M | 323M | 363M | 425M | 510M | 320M | 258M | 748M | 623M |
| Gross Profit | 23.8M | 35.0M | 41.0M | 42.9M | 42.0M | 47.4M | 29.9M | 13.4M | 55.8M | 126M | 112M |
| Operating Income | 21.4M | 30.5M | 36.9M | 37.8M | 33.8M | 37.3M | 21.9M | 11.0M | 40.0M | 69.1M | 86.8M |
| EBITDA | - | 35.4M | 41.2M | 42.8M | 40.2M | 44.5M | 28.4M | 16.2M | 43.4M | 72.8M | 94.9M |
| Net Income | 14.2M | 22.5M | 27.9M | 29.1M | 25.7M | 28.6M | 17.2M | 8.03M | 26.8M | 54.3M | 69.5M |
| EPS | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.01 | 0.03 | 0.05 | 0.07 |
| Balance Sheet | |||||||||||
| Total Assets | 110M | 152M | 213M | 231M | 265M | 338M | 369M | 347M | 373M | 486M | 515M |
| Total Liabilities | 83.2M | 112M | 109M | 110M | 131M | 188M | 208M | 178M | 178M | 212M | 214M |
| Shareholders' Equity | 27.2M | 39.9M | 104M | 121M | 134M | 150M | 160M | 168M | 195M | 273M | 300M |
| Cash & Short-term Investments | 32.0M | 31.5M | 83.3M | 76.7M | 81.8M | 86.7M | 46.3M | 79.0M | 81.1M | 206M | 65.0M |
| Total Debt | 1.93M | - | - | - | - | - | - | - | - | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 17.4M | 18.8M | 16.8M | 17.3M | 18.8M | 23.5M | -34.1M | 30.1M | 99.6K | 104M | -9.55M |
| Capital Expenditure | 2.62M | 5.41M | 3.46M | 11.1M | 4.08M | 7.48M | 1.15M | 1.79M | 2.48M | 5.68M | 14.0M |
| Free Cash Flow | - | 13.4M | 13.4M | 6.23M | 14.7M | 16.0M | -35.3M | 28.3M | -2.38M | 98.7M | -23.5M |
| Ratios | |||||||||||
| ROE | 52.4% | 56.4% | 26.8% | 24.1% | 19.2% | 19.1% | 10.7% | 4.8% | 13.7% | 19.9% | 23.2% |
| ROA | 12.9% | 14.8% | 13.1% | 12.6% | 9.7% | 8.5% | 4.7% | 2.3% | 7.2% | 11.2% | 13.5% |
| Net Profit Margin | 5.1% | 7.6% | 10.2% | 9.0% | 7.1% | 6.7% | 3.4% | 2.5% | 10.4% | 7.3% | 11.2% |
| Debt to Equity | 0.07x | - | - | - | - | - | - | - | - | - | - |
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.
GDB Holdings Bhd dividends
- Dividend yield
- 2.86%
- Forward dividend
- 0.01 MYR
- Payout ratio
- 29.4%
- Ex-dividend date
- Jun 8, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | MYR 15.9M | 0.02 | 29.4% |
| 2024 | - | - | - |
| 2023 | - | - | - |
| 2022 | MYR 6.56M | 0.01 | 38.2% |
| 2021 | MYR 12.8M | 0.01 | 44.8% |
| 2020 | MYR 12.5M | 0.01 | 48.7% |
| 2019 | MYR 12.5M | 0.01 | 42.9% |
| 2018 | MYR 6.25M | 0.01 | 22.4% |
| 2017 | MYR 9.80M | 0.01 | 43.5% |
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 Jun 22, 2021.
Who owns GDB Holdings Bhd
- Insiders 69.24%
- Institutions 0.13%
- Public & others 30.63%
- Shares outstanding 1.03B
- Free float 260M
GDB Holdings Bhd company profile
- Company name
- GDB Holdings Bhd
- Ticker
- 0198.KLSE
- ISIN
- MYQ0198OO000
- Exchange
- Kuala Lumpur Exchange
- Sector
- Industrials
- Industry
- Construction & Engineering
- Employees
- 177
- Fiscal year end
- December
- Address
- Sekitar 26 Enterprise, Shah Alam, Malaysia, 40400
- Phone
- 60 3 5103 8162
- Website
- gdbhb.com.my
About GDB Holdings Bhd
GDB Holdings Berhad, an investment holding company, engages in the provision of construction services in Malaysia. It constructs high-rise residential, commercial, and mixed development projects. The company also offers geotechnical and foundation engineering works comprising large-scale piling projects, infrastructure development, deep excavations, and basement construction. In addition, it provides supply and installation of construction materials, machinery and equipment, and other specialized trade work, including mechanical and electrical engineering works, piping and plumbing works, external paint works, water proofing works, and other related works. The company was incorporated in 2013 and is headquartered in Shah Alam, Malaysia.
GDB Holdings Bhd management
9- Mr. Wee Young LaiActing Group MD & Executive Director · born 1993
- Mr. Tzone-Leong LoGroup Executive Director · born 1972
- Mr. Jun-Kai CheahExecutive Director · born 1987
- Madam Lee Ling LimAssistant General Manager of Human Resource & Administration · born 1970
- Mr. Wei Tong YapSenior GM of Projects & Head of Project · born 1974
- Mr. Lye Hoo KoaySenior GM of Projects & Head of Project · born 1976
- Mr. Wei Ming WongExecutive Director · born 1984
- Ms. Sor Hua TeaCompany Secretary · born 1971
- Ms. Siew Fun Lee MAICSACompany Secretary