5916.KLSE Malaysia Smelting Corporation Bhd
- Market cap
- MYR 1.34B
- P/E
- 9.9x
- P/B
- 1.79x
- ROE
- 20.6%
- Dividend yield
- 4.72%
- Fundamental score
- 3.4/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is 5916.KLSE undervalued?
Graham number5916.KLSE trades 11.1% 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?
Malaysia Smelting Corporation Bhd fundamental analysis
17 of 22 checks passedROE 2/2
High return on equity (20.6%), above 20%.
ROA 1/1
Return on assets (9.3%) is above the industry median (4.2%).
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 (3.2%) is not above the 5-year average (20.8% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (3.2%) is above the industry median (1.5%).
Revenue Growth 1/2
Revenue grew 5.4% 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 1/2
Moderate debt to equity (60.8%), up to 100%.
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 12.9x against interest expense, well covered.
PE vs Market 1/1
PE (9.9x) is below the market median (11.4x).
PE vs Industry 0/1
PE (9.9x) is above the industry median (9.9x).
PBV 0/1
Price to book (1.8x) is above the industry median (0.7x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 17.8, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.48, growth is cheap.
Dividend Yield 1/2
Dividend yield (4.7%) 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 76.9%, 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 Malaysia Smelting Corporation Bhd
Malaysia Smelting Corporation Berhad, an investment holding company, engages in the smelting tin concentrates and tin bearing materials in Malaysia. It operates through three segments: Tin Smelting, Tin Mining, and Others. The company produces, sells, and delivers refined tin metal and by-products under the MSC brand; explores and mines tin; and invests in other metal and mineral resource companies. It is also involved in the tin warehousing; and properties holding and renta…
Full company profileMalaysia Smelting 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.
Malaysia Smelting 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 | 1.48B | 1.44B | 1.28B | 984M | 813M | 1.08B | 1.50B | 1.44B | 1.69B | 1.76B | 2.19B |
| Gross Profit | 164M | 117M | 148M | 157M | 116M | 275M | 222M | 222M | 230M | 150M | 1.04B |
| Operating Income | 58.8M | 42.4M | 67.6M | 78.0M | 75.7M | 217M | 167M | 144M | 140M | 136M | 262M |
| EBITDA | - | 57.9M | 85.3M | 96.5M | 57.3M | 186M | 173M | 159M | 165M | 153M | 278M |
| Net Income | 34.3M | 16.1M | 34.3M | 30.7M | 15.2M | 118M | 98.3M | 85.1M | 79.4M | 82.0M | 154M |
| EPS | 0.09 | 0.04 | 0.09 | 0.08 | 0.04 | 0.14 | 0.12 | 0.10 | 0.09 | 0.10 | 0.18 |
| Balance Sheet | |||||||||||
| Total Assets | 795M | 874M | 843M | 824M | 994M | 1.31B | 1.31B | 1.39B | 1.36B | 1.51B | 1.66B |
| Total Liabilities | 516M | 584M | 495M | 455M | 601M | 734M | 528M | 575M | 588M | 709M | 840M |
| Shareholders' Equity | 279M | 291M | 348M | 369M | 394M | 580M | 719M | 754M | 709M | 731M | 747M |
| Cash & Short-term Investments | 80.4M | 68.7M | 37.0M | 35.7M | 36.8M | 123M | 151M | 266M | 212M | 226M | 132M |
| Total Debt | 339M | - | 49.2M | 294M | 409M | 534M | 343M | 364M | 375M | 384M | 454M |
| Cash Flow | |||||||||||
| Operating Cash Flow | 54.5M | -111M | 74.0M | 46.4M | -106M | 12.4M | 244M | 168M | 83.9M | 90.2M | -141M |
| Capital Expenditure | 57.4M | 10.3M | 18.6M | 14.3M | 16.8M | 9.61M | 18.4M | 16.3M | 19.4M | 23.7M | 28.9M |
| Free Cash Flow | - | -121M | 55.4M | 32.2M | -123M | 2.75M | 225M | 151M | 64.5M | 66.5M | -170M |
| Ratios | |||||||||||
| ROE | 12.3% | 5.5% | 9.9% | 8.3% | 3.9% | 20.3% | 13.7% | 11.3% | 11.2% | 11.2% | 20.6% |
| ROA | 4.3% | 1.8% | 4.1% | 3.7% | 1.5% | 9.0% | 7.5% | 6.1% | 5.8% | 5.4% | 9.3% |
| Net Profit Margin | 2.3% | 1.1% | 2.7% | 3.1% | 1.9% | 11.0% | 6.5% | 5.9% | 4.7% | 4.7% | 7.0% |
| Debt to Equity | 1.22x | - | 0.14x | 0.80x | 1.04x | 0.92x | 0.48x | 0.48x | 0.53x | 0.53x | 0.61x |
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.
Malaysia Smelting Corporation Bhd dividends
- Dividend yield
- 4.72%
- Forward dividend
- 0.08 MYR
- Payout ratio
- 76.9%
- Ex-dividend date
- Jun 15, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | MYR 63.0M | 0.08 | 76.9% |
| 2024 | MYR 130M | 0.16 | 163.9% |
| 2023 | MYR 58.8M | 0.07 | 69.1% |
| 2022 | MYR 29.4M | 0.04 | 29.9% |
| 2021 | MYR 4.00M | 0.00 | 3.4% |
| 2020 | MYR 8.00M | 0.02 | 52.8% |
| 2019 | MYR 8.00M | 0.02 | 26.1% |
| 2018 | MYR 4.00M | 0.01 | 11.7% |
| 2017 | MYR 8.00M | 0.02 | 49.7% |
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: 2:1 on Jul 14, 2025.
Who owns Malaysia Smelting Corporation Bhd
- Insiders 60.30%
- Institutions 6.28%
- Public & others 33.42%
- Shares outstanding 840M
- Free float 339M
Malaysia Smelting Corporation Bhd company profile
- Company name
- Malaysia Smelting Corporation Bhd
- Ticker
- 5916.KLSE
- ISIN
- MYL5916OO001
- Exchange
- Kuala Lumpur Exchange
- Sector
- Basic Materials
- Industry
- Machinery
- Employees
- 923
- Fiscal year end
- December
- Address
- Lot 6, 8 and 9, Jalan Perigi Nanas 6/1, Port Klang, Malaysia, 42920
- Phone
- 60 3 3102 3083
- Website
- msmelt.com
About Malaysia Smelting Corporation Bhd
Malaysia Smelting Corporation Berhad, an investment holding company, engages in the smelting tin concentrates and tin bearing materials in Malaysia. It operates through three segments: Tin Smelting, Tin Mining, and Others. The company produces, sells, and delivers refined tin metal and by-products under the MSC brand; explores and mines tin; and invests in other metal and mineral resource companies. It is also involved in the tin warehousing; and properties holding and rental businesses. Malaysia Smelting Corporation Berhad was founded in 1887 and is headquartered in Port Klang, Malaysia.
Malaysia Smelting Corporation Bhd management
4- Dr. Mian Thong YongExecutive Director · born 1953
- Mr. Seong Lee ChenCo-Group Chief Executive Officer · born 1973
- Mr. Hoi Khong LamCo-Group Chief Executive Officer · born 1971
- Mr. Madzlan Bin ZamExecutive Director & Senior GM of Rahman Hydraulic Tin Sdn. Bhd · born 1958