MAGNI-TECH INDUSTRIES BHD
KLSE (MYR): MAGNI (7087)
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Last Price
2.56
Today's Change
+0.02 (0.79%)
Day's Change
2.52 - 2.56
Trading Volume
289,300
Financial
Market Cap
Market Cap
1,111 Million
NOSH
434 Million
Latest Quarter
Latest Quarter
31-Jul-2024 [#1]
Announcement Date
03-Sep-2024
Next Quarter
31-Oct-2024
Est. Ann. Date
05-Dec-2024
Est. Ann. Due Date
30-Dec-2024
QoQ | YoY
29.30% | 36.41%
T4Q Result
Revenue | NP to SH
1,454,316.000 | 140,325.000
RPS | P/RPS
335.13 Cent | 0.76
EPS | P/E | EY
32.34 Cent | 7.92 | 12.63%
DPS | DY | Payout %
13.98 Cent | 5.46% | 43.24%
NAPS | P/NAPS
2.13 | 1.20
QoQ | YoY
9.28% | 34.84%
NP Margin | ROE
9.65% | 15.20%
F.Y. | Ann. Date
31-Jul-2024 | 03-Sep-2024
Latest Audited Result
Latest Audited Result
30-Apr-2024
Announcement Date
30-Aug-2024
Next Audited Result
30-Apr-2025
Est. Ann. Date
30-Aug-2025
Est. Ann. Due Date
27-Oct-2025
Annual (Unaudited)
Revenue | NP to SH
1,341,096.000 | 128,410.000
RPS | P/RPS
309.04 Cent | 0.83
EPS | P/E | EY
29.59 Cent | 8.65 | 11.56%
DPS | DY | Payout %
11.79 Cent | 4.61% | 39.83%
NAPS | P/NAPS
2.06 | 1.24
YoY
34.64%
NP Margin | ROE
9.58% | 14.38%
F.Y. | Ann. Date
30-Apr-2024 | 25-Jun-2024
Annualized Result
Revenue | NP to SH
1,750,384.000 | 178,564.000
RPS | P/RPS
403.36 Cent | 0.63
EPS | P/E | EY
41.15 Cent | 6.22 | 16.07%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
39.06% | 36.41%
NP Margin | ROE
10.20% | 19.34%
F.Y. | Ann. Date
31-Jul-2024 | 03-Sep-2024
Business Process
| Trailing 4 Quarters | Trailing 8 Quarters | |||
|---|---|---|---|---|
| Available Quarters | 4 Quarters | 8 Quarters | ||
| Continuous Quarters Of Revenue Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Total Positive Profit Years | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Positive Profit | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Profit Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Continuous Quarters Of Adjusted EPS Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Total Dividend Years | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Dividend | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Dividend Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Continuous Quarters Of Adjusted Dps Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Average ROE | 3.95% | 3.58% | ||
| Average Net Profit Margin | 9.52% | 9.15% | ||
| Last 5 Financial Years | Last 10 Financial Years | |||
|---|---|---|---|---|
| Available Years | 5 Years | 10 Years | ||
| Continuous Quarters Of Revenue Growth | 2 / 5 | 40.00% | 2 / 10 | 20.00% |
| Total Positive Profit Years | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Positive Profit | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Profit Growth | 2 / 5 | 40.00% | 2 / 10 | 20.00% |
| Continuous Quarters Of Adjusted EPS Growth | 2 / 5 | 40.00% | 2 / 10 | 20.00% |
| Total Dividend Years | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Dividend | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Dividend Growth | 2 / 5 | 40.00% | 2 / 10 | 20.00% |
| Continuous Quarters Of Adjusted Dps Growth | 2 / 5 | 40.00% | 2 / 10 | 20.00% |
| Average ROE | 15.32% | 19.91% | ||
| Average Net Profit Margin | 9.44% | 9.27% | ||
Key Result
| T4Q | Annualized | Annual (Unaudited) | Last 10 FY Average | Last 5 FY Average | |
|---|---|---|---|---|---|
| Revenue | 1,454,316 | 1,750,384 | 1,341,096 | 1,083,792 | 1,194,898 |
| NP to SH | 140,325 | 178,564 | 128,410 | 101,285 | 112,889 |
| Dividend | 60,683 | 86,690 | 51,147 | 35,486 | 41,463 |
| Adjusted EPS | 32.34 | 41.15 | 29.59 | 23.34 | 26.01 |
| Adjusted DPS | 13.98 | 19.98 | 11.79 | 8.18 | 9.56 |
NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share
All figures in '000 unless specified.
EPS & DPS's figures in Cent.
Growth
| LQ QoQ | LQ YoY | CQ YoY | LQ vs Average of T4Q | LQ vs Average of T8Q | |
|---|---|---|---|---|---|
| Revenue | 29.88% | 34.90% | 34.90% | 20.36% | 32.10% |
| NP to Owner | 29.30% | 36.41% | 36.41% | 27.25% | 46.13% |
| Dividend | 51.52% | 78.57% | 78.57% | 42.86% | 69.49% |
| Adjusted EPS | 29.30% | 36.41% | 36.41% | 27.25% | 46.13% |
| Adjusted DPS | 51.52% | 78.57% | 78.57% | 42.86% | 69.49% |
LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year
| T4Q vs LFY | T4Q vs AL5FY | T4Q vs AL10FY | AQR vs LFY | AQR vs AL5FY | AQR vs AL10FY | LFY YoY | LFY vs AL5FY | LFY vs AL10FY | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.44% | 21.71% | 34.19% | 30.52% | 46.49% | 61.51% | 10.62% | 12.24% | 23.74% |
| NP to Owner | 9.28% | 24.30% | 38.54% | 39.06% | 58.18% | 76.30% | 34.64% | 13.75% | 26.78% |
| Dividend | 18.64% | 46.35% | 71.00% | 69.49% | 109.07% | 144.29% | 31.11% | 23.35% | 44.13% |
| Adjusted EPS | 9.28% | 24.30% | 38.54% | 39.06% | 58.18% | 76.30% | 34.64% | 13.75% | 26.78% |
| Adjusted DPS | 18.64% | 46.35% | 71.00% | 69.49% | 109.07% | 144.29% | 31.11% | 23.35% | 44.13% |
T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year
Discussions
7 people like this. Showing 50 of 5,237 comments
Good qtr n coming decent dividends..cash rich co n hope co distribute higher to us
2024-06-13 14:59
many reason to top up this counter
1) Olympic 2024
2) Peer industry QR (techbase)
3) Next week QR announcement
4) Substantial Shareholder collecting non stop
Any other positive/negative thought guys?
2024-06-23 14:04
not a high profile stock in bursa, continue to hold, so many positive factors to drive this stock up from the fundamental perspective.
2024-06-24 14:46
Dear All,
One of the items that stands out in Magni's balance sheet is its receivables. In last year's Annual Report, this amounted to RM151 million (Year 2022: RM112 million). The company recognizes this as one of the two major risks it faces, but says the risks are mitigated, presumably due to their long-standing relationship with the customer. On this, I have two questions.
1. Over 75% of the trade receivables are from just one customer (who buys the garments to sell worldwide), and yet in 2023, some RM16.4 million are classified as past due. Did all of these past dues arise from Magni's packaging business? Of particular concern is the RM1.8 million that is past due by more than 60 days.
2. Receivables also include sundry receivables, which have increased drastically from the previous year, rising from RM4.7 million to RM41.3 million. Does anyone know what this is? How did this arise?
Thanks in advance for your response.
P.S.: The receivables have since increased to RM179 million as of January 31, 2024.
2024-06-25 10:00
For Q2, check the AGM minutes and key matters discussed at its website. Under corporate governance.
The company explains “These are prepayments to suppliers which have been settled
after the end of FYR 2023.”
However, when I refer to Note 9, there is a separate item for prepayments. I don’t understand the difference.
2024-06-25 17:49
@observatory - thanks for your input. I checked the document you mentioned, and googled for the difference between the two items, and this is what got:
Sundry Receivables
Definition: Small, miscellaneous amounts owed to the company by various parties for different reasons.
Examples: Refunds, small debts, reimbursements, etc.
Prepayments
Definition: Amounts paid in advance for goods or services that the company will receive in the future.
Examples: Advance payments for goods, services, rent, insurance, etc.
Anyway, in the latest Q, the receivables have reduced to RM123.5 mil from RM151.4 mil a year ago. So, this is no longer a concern.
2024-06-26 10:37
Nike share price drop 20% following disappointing sales forecast. Hold tight.
2024-06-30 00:18
MAGNI-Tech on the rise, is a Major Breakout Brewing?
https://klse.i3investor.com/web/blog/detail/bestStocks/2024-09-04-story-h468200693-MAGNI_Tech_on_the_rise_is_a_Major_Breakout_Brewing
2 months ago
Public bank gives target $3.26!
The excellent QR+5c dividend shall push it to $3.26 by this Friday.
2 months ago
Kyy maybe already bought.
once high high then he will write Buy Call in i3
then u follow u die
2 months ago
Uncle YY so pro this round bought MAGNI..
This stock is AA stock..
Nothing to critic from cash to earning
2 months ago
$1bil market cap but cash RM600mil!!! crazy company. Just interest income one year already RM20mil++!!!
2 months ago
The can easily afford more dividends, but guess management is conservative. Very little info out there about this company and their business.
2 months ago
Hard to say as business is dependent on one major customer, not sure what is their moat. Also depends on what they do with the cash. If more of it comes out as dividends or share buy back and assuming business goes on as usual, will be worth more.
2 months ago
Don't need to say target price like broker..it's a waste of time. The biz is very simple and it's benefit from trade diversion. Do remember Magni is just one of the many supplier to Nike and it doesn't matter.. they have been doing this for so long.
2 months ago
Best gauge for this kind of business is DDM. Assume it continue to pay 4 cents every quarter (annualise) and discount it by 5% yield. That will be will roughly the price that i will pay to take over the whole co. This co is a turtle co and not suitable for goreng kaki. So dont need to look at here.
2 months ago
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4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Learner68
Solid company, from many financial indicators perspective and with relatively high dividend payout too.
2024-03-25 20:45