7374.KLSE Tien Wah Press Holdings Bhd
- Market cap
- MYR 101M
- P/E
- 23.3x
- P/B
- 0.40x
- ROE
- -1.2%
- Dividend yield
- 8.00%
- Fundamental score
- 2.1/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is 7374.KLSE undervalued?
Graham number7374.KLSE trades 35.5% 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?
Tien Wah Press Holdings Bhd fundamental analysis
10 of 21 checks passedROE 0/2
Low return on equity (-1.2%), below 10%.
ROA 0/1
Return on assets (-0.7%) is below the industry median (2.5%).
Profit Consistency 1/2
Profitable for 3 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 (-49.1%) is below the industry median (21.5%).
Revenue Growth 1/2
Revenue grew 3.9% 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.
Cash Runway 2/2
Loss-making but free cash flow is positive.
PE vs Market 0/1
PE (23.3x) is above the market median (11.4x).
PE vs Industry 0/1
PE (23.3x) is above the industry median (16.0x).
PBV 1/1
Price to book (0.4x) is below the industry median (0.7x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 9.4, limit 22.5).
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 2/2
Dividend yield (8.0%) is in the top 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 0/1
Payout ratio is 112.1%, 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 Tien Wah Press Holdings Bhd
Tien Wah Press Holdings Berhad, an investment holding company, provides rotogravure and photolithography printing services in Singapore, Indonesia, Korea, Australasia, Malaysia, Vietnam, the Middle East, and internationally. The company offers printed cartons and labels to customers in the tobacco and other fast-moving consumer goods industries. Its product portfolio includes flat unglued blanks; crash bottom or autolock cartons; labelled cartons; cartons with peelable label…
Full company profileTien Wah Press 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.
Tien Wah Press 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 | 329M | 417M | 342M | 346M | 277M | 252M | 244M | 270M | 277M | 274M | 224M |
| Gross Profit | 56.1M | 51.1M | 37.1M | 27.8M | 32.1M | 40.1M | 26.0M | 40.3M | 43.0M | 40.9M | 34.3M |
| Operating Income | 46.8M | -33.6M | 12.9M | -4.19M | 12.0M | 13.1M | -10.5M | 17.4M | 24.0M | 15.2M | 6.17M |
| EBITDA | - | 10.3M | 60.0M | 47.7M | 55.6M | 53.3M | 29.3M | 51.9M | 56.8M | 49.9M | 40.4M |
| Net Income | 64.2M | -19.7M | -6.14M | -20.0M | -1.18M | 6.26M | -15.2M | 8.58M | 14.2M | 7.23M | -3.15M |
| EPS | 0.44 | -0.14 | -0.04 | -0.14 | -0.01 | 0.04 | -0.11 | 0.06 | 0.10 | 0.05 | -0.02 |
| Balance Sheet | |||||||||||
| Total Assets | 685M | 651M | 627M | 588M | 487M | 466M | 434M | 472M | 492M | 446M | 447M |
| Total Liabilities | 303M | 318M | 301M | 295M | 205M | 184M | 166M | 194M | 216M | 191M | 152M |
| Shareholders' Equity | 381M | 333M | 326M | 292M | 281M | 282M | 268M | 278M | 277M | 255M | 252M |
| Cash & Short-term Investments | 72.1M | 33.0M | 49.0M | 35.6M | 26.5M | 20.1M | 22.9M | 18.3M | 8.63M | 9.47M | 18.3M |
| Total Debt | 87.2M | 66.6M | 73.6M | 75.5M | 33.9M | - | - | - | - | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 35.2M | 32.7M | 32.3M | 73.4M | 86.7M | 48.4M | 41.8M | 62.0M | 40.6M | 37.7M | 32.3M |
| Capital Expenditure | 43.9M | 104M | 55.1M | 32.5M | 9.64M | 9.09M | 20.6M | 50.4M | 44.6M | 27.8M | 10.1M |
| Free Cash Flow | - | -71.1M | -22.8M | 39.6M | 77.0M | 39.3M | 21.2M | 11.6M | -3.98M | 9.96M | 22.1M |
| Ratios | |||||||||||
| ROE | 16.8% | -5.9% | -1.9% | -6.9% | -0.4% | 2.2% | -5.7% | 3.1% | 5.1% | 2.8% | -1.2% |
| ROA | 9.4% | -3.0% | -1.0% | -3.4% | -0.2% | 1.3% | -3.5% | 1.8% | 2.9% | 1.6% | -0.7% |
| Net Profit Margin | 19.5% | -4.7% | -1.8% | -5.8% | -0.4% | 2.5% | -6.2% | 3.2% | 5.1% | 2.6% | -1.4% |
| Debt to Equity | 0.23x | 0.20x | 0.23x | 0.26x | 0.12x | - | - | - | - | - | - |
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.
Tien Wah Press Holdings Bhd dividends
- Dividend yield
- 8.00%
- Forward dividend
- 0.06 MYR
- Payout ratio
- 112.1%
- Ex-dividend date
- Oct 8, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | MYR 8.11M | 0.06 | 112.1% |
| 2024 | MYR 8.11M | 0.06 | 57.1% |
| 2023 | MYR 8.11M | 0.06 | 94.5% |
| 2022 | MYR 8.11M | 0.06 | - |
| 2021 | MYR 12.0M | 0.08 | 191.9% |
| 2020 | MYR 7.96M | 0.06 | - |
| 2019 | MYR 11.6M | 0.08 | - |
| 2018 | MYR 5.79M | 0.04 | - |
| 2017 | MYR 14.5M | 0.10 | - |
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: 297:248 on Jun 28, 2016.
Who owns Tien Wah Press Holdings Bhd
- Insiders 79.96%
- Institutions 0.45%
- Public & others 19.60%
- Shares outstanding 145M
- Free float 29.5M
Tien Wah Press Holdings Bhd company profile
- Company name
- Tien Wah Press Holdings Bhd
- Ticker
- 7374.KLSE
- ISIN
- MYL7374OO001
- Exchange
- Kuala Lumpur Exchange
- Sector
- Industrials
- Industry
- Commercial Services & Supplies
- Fiscal year end
- December
- Address
- Lot 03-8, Petaling Jaya, Malaysia, 46200
- Phone
- 60 3 5031 3980
- Website
- tienwah.com
About Tien Wah Press Holdings Bhd
Tien Wah Press Holdings Berhad, an investment holding company, provides rotogravure and photolithography printing services in Singapore, Indonesia, Korea, Australasia, Malaysia, Vietnam, the Middle East, and internationally. The company offers printed cartons and labels to customers in the tobacco and other fast-moving consumer goods industries. Its product portfolio includes flat unglued blanks; crash bottom or autolock cartons; labelled cartons; cartons with peelable labels/stickers; clamshells and trays; uv coated cartons; glued skillet cartons; multi wall cartons comprising innerframers; carton with CD inserts; and barrier coated carton for grease/moisture resistance. The company also engages in packing and packaging services; food and beverages; event management; manufacture of packing and packaging materials; trading of cigarette packaging boxes; and supply of printing products, as well as offers paper services. Tien Wah Press Holdings Berhad was founded in 1960 and is based in Petaling Jaya, Malaysia.
Tien Wah Press Holdings Bhd management
6- Mr. Chee Whye LeeCEO & Executive Director · born 1967
- Ms. Chor Kiang HengExecutive Director · born 1959
- Ms. Wei Mun LimChief Financial Officer · born 1984
- Alex FreemanMarketing Manager
- Madam Yit Chan Tai MAICSACompany Secretary
- Ms. Ai Ning Tan MAICSAJoint Secretary · born 1972