8524.KLSE Taliworks Corporation Bhd
- Market cap
- MYR 484M
- P/E
- 6.0x
- P/B
- 0.68x
- ROE
- 5.7%
- Dividend yield
- 8.33%
- Fundamental score
- 3.6/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is 8524.KLSE undervalued?
Graham number8524.KLSE trades 57.5% 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?
Taliworks Corporation Bhd fundamental analysis
16 of 22 checks passedROE 0/2
Low return on equity (5.7%), below 10%.
ROA 0/1
Return on assets (2.5%) is below the industry median (2.5%).
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 1/1
Last year's EPS growth (14.2%) is above the 5-year average (7.0% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (14.2%) is below the industry median (21.5%).
Revenue Growth 2/2
Revenue grew 14.0% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 0/1
Current assets do not cover long-term liabilities.
Debt to Equity 2/2
Low debt to equity (30.5%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 1/1
Operating cash flow covers 20% of total debt.
Interest Coverage 1/1
EBIT is 10.1x against interest expense, well covered.
PE vs Market 1/1
PE (6.0x) is below the market median (11.4x).
PE vs Industry 1/1
PE (6.0x) is below the industry median (16.0x).
PBV 1/1
Price to book (0.7x) is below the industry median (0.7x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 4.1, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.85, growth is cheap.
Dividend Yield 2/2
Dividend yield (8.3%) 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 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 1/1
Payout ratio is 48.3%, 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 Taliworks Corporation Bhd
Taliworks Corporation Berhad, an investment holding company, operates, manages, and maintains water treatment plants in Malaysia. It operates through Water, Construction, Toll Highway, Waste Management, Renewable Energy, and Others segments. The company is involved in water treatment and supply activities; provision of contracting, project, and management services relating to construction contracts; operation and maintenance of toll highways; and solid waste collection and p…
Full company profileTaliworks 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.
Taliworks 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 | 278M | 352M | 358M | 360M | 302M | 244M | 312M | 375M | 381M | 462M | 498M |
| Gross Profit | 70.2M | 138M | 137M | 131M | 108M | 80.7M | 111M | 120M | 104M | 174M | 161M |
| Operating Income | 96.7M | 70.3M | 180M | 107M | 101M | 134M | 94.5M | 89.5M | 151M | 137M | 119M |
| EBITDA | 153M | 135M | 200M | 181M | 132M | 167M | 144M | 146M | 188M | 190M | 170M |
| Net Income | 127M | 29.1M | 100M | 76.2M | 59.5M | 78.5M | 55.1M | 42.0M | 73.1M | 83.5M | 41.0M |
| EPS | 0.06 | 0.01 | 0.05 | 0.04 | 0.03 | 0.04 | 0.03 | 0.02 | 0.04 | 0.04 | 0.02 |
| Balance Sheet | |||||||||||
| Total Assets | 2.46B | 2.37B | 2.44B | 2.35B | 2.08B | 1.94B | 1.85B | 1.77B | 1.69B | 1.72B | 1.64B |
| Total Liabilities | 1.06B | 1.04B | 1.12B | 1.06B | 867M | 786M | 806M | 801M | 728M | 701M | 617M |
| Shareholders' Equity | 1.12B | 1.05B | 1.06B | 1.03B | 959M | 905M | 787M | 696M | 669M | 713M | 713M |
| Cash & Short-term Investments | 177M | 181M | 152M | 658M | 451M | 409M | 170M | 133M | 134M | 126M | 205M |
| Total Debt | 486M | 417M | 447M | 486M | 403M | 371M | 365M | 338M | 304M | 261M | 218M |
| Cash Flow | |||||||||||
| Operating Cash Flow | 35.4M | 28.7M | 61.4M | 643M | 39.1M | 132M | 86.7M | 125M | 162M | 87.7M | 205M |
| Capital Expenditure | 3.98M | 1.88M | 1.15M | 3.40M | 451K | 1.16M | 3.68M | 2.33M | 13.5M | 2.49M | 1.35M |
| Free Cash Flow | 31.4M | 26.9M | 60.3M | 639M | 38.7M | 131M | 83.0M | 123M | 149M | 85.2M | 204M |
| Ratios | |||||||||||
| ROE | 11.4% | 2.8% | 9.5% | 7.4% | 6.2% | 8.7% | 7.0% | 6.0% | 10.9% | 11.7% | 5.7% |
| ROA | 5.2% | 1.2% | 4.1% | 3.2% | 2.9% | 4.0% | 3.0% | 2.4% | 4.3% | 4.9% | 2.5% |
| Net Profit Margin | 45.8% | 8.3% | 28.0% | 21.2% | 19.7% | 32.2% | 17.7% | 11.2% | 19.2% | 18.1% | 8.2% |
| Debt to Equity | 0.43x | 0.40x | 0.42x | 0.47x | 0.42x | 0.41x | 0.46x | 0.49x | 0.45x | 0.37x | 0.31x |
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.
Taliworks Corporation Bhd dividends
- Dividend yield
- 8.33%
- Forward dividend
- 0.02 MYR
- Payout ratio
- 48.3%
- Ex-dividend date
- Sep 8, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | MYR 40.3M | 0.02 | 48.3% |
| 2024 | MYR 101M | 0.05 | 137.8% |
| 2023 | MYR 133M | 0.07 | 317.1% |
| 2022 | MYR 133M | 0.07 | 241.3% |
| 2021 | MYR 133M | 0.07 | 169.5% |
| 2020 | MYR 157M | 0.08 | 264.3% |
| 2019 | MYR 96.8M | 0.05 | 127.0% |
| 2018 | MYR 96.8M | 0.05 | 96.7% |
| 2017 | MYR 72.6M | 0.04 | 249.5% |
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: 5:3 on Oct 16, 2018.
Who owns Taliworks Corporation Bhd
- Insiders 63.19%
- Institutions 22.34%
- Public & others 14.47%
- Shares outstanding 2.02B
- Free float 752M
Taliworks Corporation Bhd company profile
- Company name
- Taliworks Corporation Bhd
- Ticker
- 8524.KLSE
- ISIN
- MYL8524OO000
- Exchange
- Kuala Lumpur Exchange
- Sector
- Industrials
- Industry
- Commercial Services & Supplies
- Employees
- 9,478
- Fiscal year end
- December
- Address
- Menara LGB, Kuala Lumpur, Malaysia, 60000
- Phone
- 60 3 2788 9100
- Website
- taliworks.com.my
About Taliworks Corporation Bhd
Taliworks Corporation Berhad, an investment holding company, operates, manages, and maintains water treatment plants in Malaysia. It operates through Water, Construction, Toll Highway, Waste Management, Renewable Energy, and Others segments. The company is involved in water treatment and supply activities; provision of contracting, project, and management services relating to construction contracts; operation and maintenance of toll highways; and solid waste collection and public cleansing management, and other related activities. It also engages in business development and operation of solar and other renewable energy projects; provision of project consultancy and technical services; and sale of products related to water and waste treatment. The company was formerly known as Carpets International Malaysia Berhad and changed its name to Taliworks Corporation Berhad in November 2000. Taliworks Corporation Berhad is based in Kuala Lumpur, Malaysia.
Taliworks Corporation Bhd management
6- Mr. Soong Jin ChinChief Investment Officer & Executive Director · born 1967
- Mr. Wong Voon Leong CPAGeneral Manager of Group Finance · born 1965
- Ms. Rajkumari KandasamyGroup Legal Head · born 1962
- Catherina YeohGroup Corporate Communications & Sustainability Executive
- Madam Yit Chan Tai MAICSACompany Secretary
- Ms. Yuen Ling TaiCompany Secretary