7004.KLSE MCE Holdings Bhd
- Market cap
- MYR 221M
- P/E
- 16.0x
- P/B
- 1.25x
- ROE
- 9.1%
- Dividend yield
- 6.18%
- Fundamental score
- 3.0/5
Ratios use the latest price and the fiscal year ending Jul 2026.
Is 7004.KLSE undervalued?
Graham number7004.KLSE trades 5.8% 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?
MCE Holdings Bhd fundamental analysis
14 of 22 checks passedROE 0/2
Low return on equity (9.1%), below 10%.
ROA 1/1
Return on assets (6.3%) is above the industry median (2.1%).
Profit Consistency 2/2
Profitable for 5 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 0/1
Not enough positive earnings history to compare last year's growth with the 5-year average.
Earnings Growth vs Industry 0/1
Last year's EPS growth (-37.7%) is below the industry median (-10.8%).
Revenue Growth 1/2
Revenue grew 6.2% 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 (11.1%), 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 27.0x against interest expense, well covered.
PE vs Market 0/1
PE (16.0x) is above the market median (11.4x).
PE vs Industry 0/1
PE (16.0x) is above the industry median (12.3x).
PBV 0/1
Price to book (1.2x) is above the industry median (0.5x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 20.0, limit 22.5).
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 2/2
Dividend yield (6.2%) is in the top 25% of dividend payers in the market.
Dividend Stability 1/2
Dividends paid without a cut of more than 10% for 7 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 83.7%, 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 MCE Holdings Bhd
MCE Holdings Berhad, an investment holding company, designs, manufactures, and supplies automotive electronics and mechatronics parts in Malaysia. It operates through two segments, Automotive Parts and Healthcare Services. The company offers parking sensor and camera systems comprising sensor display units, computer assy and clearance warning, sensor ultrasonic, senor and ultrasonic flush type, and camera assy television; functional switches consisting of vice IP and control…
Full company profileMCE Holdings Bhd financial statements
MCE Holdings Bhd annual financial statements (MYR; K = thousand, M = million, B = billion, T = trillion)
| Item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 80.2M | 62.5M | 69.2M | 74.8M | 84.8M | 106M | 155M | 156M | 153M | 185M |
| Gross Profit | 28.0M | 20.9M | 21.3M | 24.3M | 29.8M | 44.2M | 68.5M | 69.1M | 74.2M | 92.3M |
| Operating Income | 2.24M | -1.81M | -6.18M | -4.49M | 377K | 9.89M | 21.3M | 22.4M | 31.2M | 21.1M |
| EBITDA | 7.06M | 1.43M | -3.49M | -897K | 4.44M | 14.2M | 25.7M | 27.1M | 35.7M | 30.9M |
| Net Income | 1.25M | -1.91M | -6.81M | -5.79M | -835K | 8.04M | 15.4M | 16.0M | 23.9M | 16.3M |
| EPS | 0.03 | -0.04 | -0.15 | -0.13 | -0.02 | 0.14 | 0.25 | 0.13 | 0.17 | 0.11 |
| Balance Sheet | ||||||||||
| Total Assets | 105M | 102M | 110M | 120M | 119M | 144M | 161M | 191M | 244M | 259M |
| Total Liabilities | 13.3M | 12.8M | 26.8M | 43.3M | 40.3M | 49.0M | 43.6M | 61.3M | 79.1M | 73.4M |
| Shareholders' Equity | 91.5M | 89.6M | 82.8M | 77.0M | 78.4M | 95.2M | 118M | 130M | 165M | 178M |
| Cash & Short-term Investments | 13.0M | 11.7M | 2.60M | 4.42M | 5.91M | 6.07M | 21.0M | 49.5M | 98.1M | 20.0M |
| Total Debt | 817K | 109K | 7.82M | 16.1M | 14.4M | - | - | - | - | - |
| Cash Flow | ||||||||||
| Operating Cash Flow | 5.46M | 6.37M | -3.76M | 2.37M | 4.42M | -4.18M | 21.2M | 41.6M | 20.7M | -6.71M |
| Capital Expenditure | 2.63M | 5.88M | 11.6M | 2.61M | 1.84M | 2.67M | 5.00M | 11.4M | 39.6M | 11.9M |
| Free Cash Flow | 2.83M | 488K | -15.3M | -12.1M | 2.57M | -6.85M | 16.1M | 30.2M | -18.8M | -18.6M |
| Ratios | ||||||||||
| ROE | 1.4% | -2.1% | -8.2% | -7.5% | -1.1% | 8.4% | 13.1% | 12.3% | 14.5% | 9.1% |
| ROA | 1.2% | -1.9% | -6.2% | -4.8% | -0.7% | 5.6% | 9.5% | 8.3% | 9.8% | 6.3% |
| Net Profit Margin | 1.6% | -3.0% | -9.8% | -7.7% | -1.0% | 7.6% | 9.9% | 10.2% | 15.7% | 8.8% |
| Debt to Equity | 0.01x | 0.00x | 0.09x | 0.21x | 0.18x | - | - | - | - | - |
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.
MCE Holdings Bhd dividends
- Dividend yield
- 6.18%
- Forward dividend
- 0.10 MYR
- Payout ratio
- 83.7%
- Ex-dividend date
- Oct 29, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2026 | MYR 13.6M | 0.09 | 83.7% |
| 2025 | MYR 10.2M | 0.07 | 42.8% |
| 2024 | MYR 3.71M | 0.03 | 23.2% |
| 2023 | MYR 1.54M | 0.02 | 10.0% |
| 2022 | MYR 1.54M | 0.03 | 19.2% |
| 2021 | MYR 1.54M | 0.03 | - |
| 2020 | MYR 1.54M | 0.03 | - |
| 2019 | - | - | - |
| 2018 | - | - | - |
| 2017 | MYR 666K | 0.01 | 53.2% |
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 Jan 8, 2024.
Who owns MCE Holdings Bhd
- Insiders 60.73%
- Institutions 5.37%
- Public & others 33.90%
- Shares outstanding 153M
- Free float 59.0M
MCE Holdings Bhd company profile
- Company name
- MCE Holdings Bhd
- Ticker
- 7004.KLSE
- ISIN
- MYL7004OO004
- Exchange
- Kuala Lumpur Exchange
- Sector
- Consumer Cyclical
- Industry
- Automobile Components
- Employees
- 600
- Fiscal year end
- July
- Address
- No. 2 & 4, Jalan Waja 7, Johor Bahru, Malaysia, 81100
- Phone
- 60 7 355 3787
- Website
- multicode.com.my
About MCE Holdings Bhd
MCE Holdings Berhad, an investment holding company, designs, manufactures, and supplies automotive electronics and mechatronics parts in Malaysia. It operates through two segments, Automotive Parts and Healthcare Services. The company offers parking sensor and camera systems comprising sensor display units, computer assy and clearance warning, sensor ultrasonic, senor and ultrasonic flush type, and camera assy television; functional switches consisting of vice IP and control switch assy, console switches, switch assy consoles, light control and VSC switches, switch hazard warning signals, combination and power window switches, outer mirror switch assy, and trunk and SD card switches; exterior automotive lighting, such as day-time running lights, front fog lamps, and license plate lamps; and interior automotive lighting, including front and rear reading lamps, rear room and telltale lamps, assists lighting and environmental lamps, and stop center and high mounted stop lamps. It also provides power window regulators, which include double and single rail, and scissors type; USB and wireless chargers; anti-theft keyless systems and modules; AC and DC EV charging solutions for commercial and residential applications; plastic parts, such as reservoir tanks, center panels, cover door assists, grill raditor assy, plate name, plate and back door name, and expansion and washer tanks; and smart cockpit infotainment systems. In addition, the company offers healthcare services. MCE Holdings Berhad was incorporated in 1990 and is headquartered in Johor Bahru, Malaysia.
MCE Holdings Bhd management
6- Dr. Kar Chun GohGroup MD & Non Independent Executive Director · born 1976
- Ms. Anne GohCFO & Executive Director · born 1981
- Mr. Chee Kiang PeyChief Technology Officer · born 1967
- Mr. Chern Tin LimCOO of Multi-Code Electronics Industries (M) Berhad · born 1967
- Mr. Wee Hee LeeJoint Company Secretary · born 1961
- Ms. Jing Sian HewCompany Secretary