5231.KLSE Pelikan International Corp
- Market cap
- MYR 60.3M
- P/E
- 2.5x
- P/B
- 0.68x
- ROE
- 56.0%
- Dividend yield
- 4.00%
- Fundamental score
- 2.7/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is 5231.KLSE undervalued?
Graham numberThe Graham number of Pelikan International Corp 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?
Pelikan International Corp fundamental analysis
13 of 22 checks passedROE 2/2
High return on equity (56.0%), above 20%.
ROA 1/1
Return on assets (48.5%) is above the industry median (2.5%).
Profit Consistency 0/2
Not profitable for at least 3 consecutive years.
Earnings Growth 5Y 0/1
Earnings per share did not grow over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (592.6%) is above the 5-year average (-38.7% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (592.6%) is above the industry median (21.5%).
Revenue Growth 0/2
Revenue shrank 17.0% 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 2/2
Low debt to equity (0.0%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 0/1
Operating cash flow does not cover 20% of total debt.
Interest Coverage 1/1
EBIT is 397.9x against interest expense, well covered.
PE vs Market 1/1
PE (2.5x) is below the market median (11.4x).
PE vs Industry 1/1
PE (2.5x) is below the industry median (16.0x).
PBV 0/1
Price to book (0.7x) is above the industry median (0.7x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 1.7, limit 22.5).
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 1/2
Dividend yield (4.0%) 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 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 0/1
Payout ratio is 259.2%, 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 Pelikan International Corp
PBS Berhad, together with its subsidiaries, manufactures and distributes stationery and office products in Asia and internationally. The company was formerly known as Pelikan International Corporation Berhad and changed its name to PBS Berhad in June 2024. PBS Berhad was incorporated in 1980 and is based in Subang Jaya, Malaysia.
Full company profilePelikan International Corp 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.
Pelikan International Corp 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 | 1.18B | 1.23B | 1.12B | 1.06B | 974M | 1.00B | 20.5M | 21.7M | 58.4M | 11.7M | 9.69M |
| Gross Profit | 613M | 648M | 618M | 576M | 527M | 536M | 10.9M | 8.22M | 7.62M | 3.37M | 9.69M |
| Operating Income | 73.5M | 72.3M | 52.9M | 40.7M | 32.8M | 154M | -3.76M | -48.3M | 243K | 38.5M | 73.1M |
| EBITDA | 99.6M | 99.7M | 78.4M | 74.0M | 66.3M | 190M | -3.41M | -47.9M | 1.00M | 35.2M | 50.9M |
| Net Income | 5.33M | 25.4M | 6.82M | 7.61M | 10.8M | 85.1M | 57.3M | -52.2M | -189K | 931K | 49.7M |
| EPS | 0.01 | 0.05 | 0.01 | 0.01 | 0.02 | 0.14 | 0.09 | -0.09 | 0.00 | 0.00 | 0.08 |
| Balance Sheet | |||||||||||
| Total Assets | 1.51B | 1.46B | 1.36B | 1.34B | 1.35B | 1.26B | 1.19B | 646M | 144M | 137M | 102M |
| Total Liabilities | 1.09B | 1.02B | 917M | 895M | 883M | 832M | 669M | 105M | 82.5M | 76.0M | 14.8M |
| Shareholders' Equity | 421M | 447M | 439M | 443M | 463M | 425M | 515M | 533M | 62.6M | 62.3M | 88.8M |
| Cash & Short-term Investments | 62.9M | 52.4M | 45.6M | 32.5M | 47.9M | 189M | 77.8M | 578M | 94.1M | 89.5M | 66.8M |
| Total Debt | 402M | 429M | 390M | 371M | 368M | 245M | 208M | 6.10M | 1.89M | 3.67M | 22.0K |
| Cash Flow | |||||||||||
| Operating Cash Flow | 8.63M | -39.2M | 35.2M | 22.2M | 17.1M | 48.5M | 29.9M | 55.1M | 4.13M | -2.47M | - |
| Capital Expenditure | 20.1M | 47.0K | 13.0K | 23.2M | 6.29M | 5.70M | 12.3M | 11.3M | 63.0K | 308K | 26.0K |
| Free Cash Flow | 168K | -16.2M | -20.9M | -1.17M | -6.29M | -5.70M | -12.3M | -11.3M | 4.07M | -2.78M | -14.9M |
| Ratios | |||||||||||
| ROE | 1.3% | 5.7% | 1.6% | 1.7% | 2.3% | 20.0% | 11.1% | -9.8% | -0.3% | 1.5% | 56.0% |
| ROA | 0.4% | 1.7% | 0.5% | 0.6% | 0.8% | 6.8% | 4.8% | -8.1% | -0.1% | 0.7% | 48.5% |
| Net Profit Margin | 0.5% | 2.1% | 0.6% | 0.7% | 1.1% | 8.5% | 279.1% | -240.4% | -0.3% | 7.9% | 513.0% |
| Debt to Equity | 0.95x | 0.96x | 0.89x | 0.84x | 0.79x | 0.58x | 0.40x | 0.01x | 0.03x | 0.06x | 0.00x |
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.
Pelikan International Corp dividends
- Dividend yield
- 4.00%
- Forward dividend
- -
- Payout ratio
- 259.2%
- Ex-dividend date
- Sep 8, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | MYR 2.41M | 0.00 | 259.2% |
| 2024 | MYR 12.1M | 0.02 | - |
| 2023 | - | - | - |
| 2022 | MYR 121M | 0.20 | 210.6% |
| 2021 | MYR 121M | 0.20 | 141.8% |
| 2020 | MYR 121M | 0.20 | 1,118.8% |
| 2019 | MYR 121M | 0.20 | 1,584.9% |
| 2018 | - | - | - |
| 2017 | - | - | - |
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: 51:50 on Aug 23, 2012.
Who owns Pelikan International Corp
- Insiders 71.53%
- Institutions 1.38%
- Public & others 27.09%
- Shares outstanding 603M
- Free float 324M
Pelikan International Corp company profile
- Company name
- Pelikan International Corp
- Ticker
- 5231.KLSE
- ISIN
- MYL5231OO005
- Exchange
- Kuala Lumpur Exchange
- Sector
- Industrials
- Industry
- Commercial Services & Supplies
- Employees
- 26
- Fiscal year end
- December
- Address
- Empire Tower Office, Subang Jaya, Malaysia, 47500
- Phone
- 60 3 5611 1511
- Website
- pbsberhad.com
About Pelikan International Corp
PBS Berhad, together with its subsidiaries, manufactures and distributes stationery and office products in Asia and internationally. The company was formerly known as Pelikan International Corporation Berhad and changed its name to PBS Berhad in June 2024. PBS Berhad was incorporated in 1980 and is based in Subang Jaya, Malaysia.
Pelikan International Corp management
10- Mr. Hooi Keat Loo CPACEO, President & Executive Director · born 1955
- Mr. Ming Hon Ho C.F.A.Head of Group Finance & Corporate Services and Senior VP · born 1975
- Ms. Frauke WandreyGeneral Counsel of Pelikan Group · born 1969
- Mr. Seow Beng LooHead of Procurement · born 1958
- Mr. William LiuHead of Sales & Marketing People's Republic - China Taiwan & Hong Kong · born 1958
- Mr. Jens KolleckerChief Operating Officer of Pelikan Vertriebsgesellschaft · born 1976
- Mr. Azuma IkedaHead of Sales and Marketing for Japan & South Korea · born 1954
- Mr. Nasser Al AtrashHead of Sales and Marketing, Middle East & Africa · born 1967
- Mr. Claudio Esteban SeleguanMD of Pelikan Group GmbH, Pelikan Vertriebsgesellschaft & Pelikan Mexico · born 1962
- Ms. Siew Chuan Chua FCIS, MAICSAJoint Secretary · born 1958