7609.KLSE Ajiya Bhd
- Market cap
- MYR 529M
- P/E
- 19.3x
- P/B
- 0.82x
- ROE
- -0.1%
- Dividend yield
- 12.31%
- Fundamental score
- 1.8/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to May 2026.
Is 7609.KLSE undervalued?
Graham number7609.KLSE trades 16.2% 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?
Ajiya Bhd fundamental analysis
8 of 21 checks passedROE 0/2
Low return on equity (-0.1%), below 10%.
ROA 0/1
Return on assets (-0.1%) is below 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 (-33.3%) is not above the 5-year average (76.3% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (-33.3%) is below the industry median (22.4%).
Revenue Growth 1/2
Revenue grew 1.4% 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 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 (19.3x) is above the market median (11.4x).
PE vs Industry 0/1
PE (19.3x) is above the industry median (7.0x).
PBV 0/1
Price to book (0.8x) is above the industry median (0.6x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 15.8, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.25, growth is cheap.
Dividend Yield 0/2
No dividend paid in the last reported year.
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
No dividend, or no profit to pay it from.
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 Ajiya Bhd
Ajiya Berhad, an investment holding company, manufactures and trades in roofing materials and various glasses in Malaysia and Thailand. It operates through Metal and Glass divisions. The company offers metal roofing system, PU green series, steel truss system, structural products, metal door and window frame, metal sunshade/louvres, metal ceiling, metal tiles, industrial metal roofing sheets, wall claddings, metal frame, architectural products, and IBS-aligned building solut…
Full company profileAjiya Bhd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 2 quarters up to May 31, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Ajiya 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 | 396M | 371M | 382M | 325M | 255M | 269M | 294M | 305M | 381M | 306M | - |
| Gross Profit | 79.4M | 63.6M | 64.7M | 46.6M | 36.3M | 65.2M | 56.8M | 51.4M | 65.0M | 49.4M | - |
| Operating Income | 24.9M | 19.1M | 31.6M | 5.95M | -730K | 25.3M | 36.4M | 59.9M | 72.3M | 47.2M | 15.2M |
| EBITDA | - | 29.8M | 42.2M | 15.4M | 8.69M | 34.1M | 45.2M | 66.5M | 50.5M | 56.1M | 49.2M |
| Net Income | 14.5M | 13.6M | 24.6M | 5.07M | 1.19M | 17.5M | 29.4M | 56.3M | 62.6M | 37.6M | -614K |
| EPS | 0.05 | 0.04 | 0.08 | 0.02 | 0.00 | 0.06 | 0.10 | 0.10 | 0.10 | 0.07 | 0.00 |
| Balance Sheet | |||||||||||
| Total Assets | 466M | 468M | 479M | 475M | 466M | 486M | 486M | 581M | 770M | 737M | 721M |
| Total Liabilities | 144M | 139M | 136M | 123M | 111M | 119M | 88.1M | 99.8M | 97.7M | 90.9M | 63.2M |
| Shareholders' Equity | 322M | 329M | 343M | 352M | 355M | 367M | 398M | 481M | 673M | 646M | 647M |
| Cash & Short-term Investments | 56.4M | 75.4M | 88.0M | 121M | 137M | 147M | 174M | 222M | 119M | 65.5M | 25.6M |
| Total Debt | 6.60M | 3.42M | 221K | - | 7.00K | - | - | - | - | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 34.5M | 18.8M | 24.5M | 12.0M | 30.9M | 16.0M | 22.9M | 8.92M | 11.0M | -12.8M | 27.4M |
| Capital Expenditure | 8.26M | 3.92M | 5.59M | 2.00M | 12.0M | 1.95M | 17.9M | 19.3M | 10.7M | 12.9M | 3.29M |
| Free Cash Flow | - | 14.9M | 18.9M | 11.9M | 18.9M | 14.0M | 3.85M | -10.4M | -14.2M | -25.7M | 24.1M |
| Ratios | |||||||||||
| ROE | 4.5% | 4.1% | 7.2% | 1.4% | 0.3% | 4.8% | 7.4% | 11.7% | 9.3% | 5.8% | -0.1% |
| ROA | 3.1% | 2.9% | 5.1% | 1.1% | 0.3% | 3.6% | 6.0% | 9.7% | 8.1% | 5.1% | -0.1% |
| Net Profit Margin | 3.7% | 3.7% | 6.4% | 1.6% | 0.5% | 6.5% | 10.0% | 18.5% | 16.4% | 12.3% | - |
| Debt to Equity | 0.02x | 0.01x | 0.00x | - | 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.
Ajiya Bhd dividends
- Dividend yield
- 12.31%
- Forward dividend
- 0.12 MYR
- Payout ratio
- -
- Ex-dividend date
- Oct 20, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | - | - | - |
| 2024 | - | - | - |
| 2023 | MYR 465K | 0.00 | 0.8% |
| 2022 | MYR 320K | 0.00 | 1.1% |
| 2021 | MYR 1.41M | 0.00 | 8.1% |
| 2020 | - | - | - |
| 2019 | - | - | - |
| 2018 | MYR 3.00M | 0.01 | 12.2% |
| 2017 | MYR 6.09M | 0.02 | 44.6% |
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 Oct 24, 2025.
Who owns Ajiya Bhd
- Insiders 80.40%
- Institutions 0.07%
- Public & others 19.53%
- Shares outstanding 548M
- Free float 60.1M
Ajiya Bhd company profile
- Company name
- Ajiya Bhd
- Ticker
- 7609.KLSE
- ISIN
- MYL7609OO000
- Exchange
- Kuala Lumpur Exchange
- Sector
- Industrials
- Industry
- Building Products
- Employees
- 746
- Fiscal year end
- November
- Address
- Lot 153, Kawasan Perindustrian, Segamat, Malaysia, 85000
- Phone
- 60 7 943 4211
- Website
- ajiya.com
About Ajiya Bhd
Ajiya Berhad, an investment holding company, manufactures and trades in roofing materials and various glasses in Malaysia and Thailand. It operates through Metal and Glass divisions. The company offers metal roofing system, PU green series, steel truss system, structural products, metal door and window frame, metal sunshade/louvres, metal ceiling, metal tiles, industrial metal roofing sheets, wall claddings, metal frame, architectural products, and IBS-aligned building solutions. It also provides tempered glass, laminated glass, low-e coated glass, and insulated glass units (IGU) for architectural and construction applications; and decorative safety glass, security safety and storm protection safety glass, heat strengthened glass, curved tempered safety glass and attoch products for industrial, commercial, recreational, office, and residential buildings, as well as furniture and white goods. In addition, the company manufactures, trades in, and markets metal roll forming products; manufactures and sells metal, zinc, and aluminum products for roof building, ceiling, building materials, and other similar products. Further, it is involved in the property holding activities; trading of building materials; and retail sale of construction materials, hardware, paints, and glass. It offers its products under the AJIYA brand name. The company was incorporated in 1990 and is based in Segamat, Malaysia. Ajiya Berhad operates as a subsidiary of Chin Hin Group Berhad.
Ajiya Bhd management
6- Haw Choon ChiauExecutive Chairman · born 1984
- Mr. Wai Luen NgExecutive Director · born 1969
- Ms. Yee Wern ChiauExecutive Director · born 1991
- Ms. Wui Koon ChongCompany Secretary
- Mr. Voon Wah ChongCompany Secretary
- Mr. Kian Yau ThaiCompany Secretary