AlphaIndicator DRBM 20170209 PDF

DRB-HICOM (DRBHCOM-KU)
Automobiles & Auto Parts / Automobiles & Auto Parts / Auto & Truck Manufacturers DETAILED STOCK REPORT
Report Date: 09 February 2017
Last Close Avg Daily Vol 52-Week High Trailing PE Annual Div ROE LTG Forecast 1-Mo Return
1.29 (MYR) 5.8M 1.55 -- 0.02 -21.3% -- 11.2%
08 February 2017 Market Cap 52-Week Low Forward PE Dividend Yield Annual Rev Inst Own 3-Mo Return
MALAYSIA Exchange
2.3B 0.78 -- 1.6% 11.1B 20.5% 4.9%
AVERAGE SCORE
NEUTRAL OUTLOOK: DRBHCOM's current Score Averages
score is relatively in-line with the market. Automobiles & Auto Parts Group: 6.4 Mid Market Cap: 6.4
Automobiles & Auto Parts Sector: 6.4 FBM KLCI Index: 6.7
Average Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive BKOON 2 3 5 5 6
UMW 3 3 3 6 6
Neutral TCHONG 3 7 6 5 5
DRBHCOM 6 4 3 3 4
Negative
MBMR 4 5 4 4 3
FEB-2014 FEB-2015 FEB-2016 FEB-2017
HIGHLIGHTS THOMSON REUTERS I/B/E/S MEAN

- The score for DRB-Hicom improved slightly this week from 3 to
4. Strong Buy Mean recommendation from all analysts covering
4 Analysts the company on a standardized 5-point scale.
- The recent change in the Average Score was primarily due to
an improvement in the Price Momentum component score.
Strong
Sell Reduce Hold Buy
Buy
PRICE AND VOLUME CHARTS

1-Year Return: 19.4% 5-Year Return: -59.3%
BUSINESS SUMMARY
DRB-HICOM Berhad is an investment holding company. The Company operates through three segments: Automotive, Services, and Property, Asset
and Construction. The Automotive segment is engaged in manufacturing, assembly, vehicles importation, pre-delivery inspection, composite
manufacturing, vehicles leasing, distribution and sale of motor vehicles, military vehicles, motorcycles and special purpose vehicles, including sale of
related spares and services. The Services segment is engaged in concession, such as vehicle inspection, solid waste management and airport ground
handling business; banking, including Islamic banking and related financial services; postal, such as mail, courier and retail; integrated logistics and
inventory solutions, and education, including higher education and vocational training institution. The Property, Asset and Construction segment is
involved in property holding, development and construction works.
Page 1 of 11
2017 Thomson Reuters. All rights reserved.
INDICATOR COMPONENTS
The AVERAGE SCORE combines the quantitative analysis of five widely-used investment decision making tools: Earnings,
Fundamental, Relative Valuation, Risk, and Price Momentum. A simple average of the underlying component ratings is normally
distributed to rank stocks on a 1-10 scale (10 being awarded to the most favorable). These factors may be evaluated differently using
alternative methodologies and the importance of individual factors varies across industries, market capitalization and investment styles.
Additional criteria should always by used to evaluate a stock.
Earnings Fundamental Relative Valuation Risk Price Momentum
PEER ANALYSIS Currency in MYR
PRICE MOMENTUM VALUATION FUNDAMENTAL ANALYSTS

Average Price 1-Mo 3-Mo 1-Yr Market Trailing Forward Dividend Net LTG I/B/E/S # of
Score Ticker (08/02/17) Return Return Return Cap PE PE Yield Margin Forecast Mean Analysts
6 UMW 5.51 19.5% -1.6% -16.6% 6.3B -- -- 3.6% -3.4% -- Reduce 15
7 ORIENT 6.62 -2.4% -4.1% 0.0% 4.2B 19.9 -- 2.7% 4.2% -- -- --
4 DRBHCOM 1.29 11.2% 4.9% 19.4% 2.3B -- -- 1.6% -13.1% -- Strong Buy 4
5 TCHONG 1.71 -4.5% -10.0% -32.9% 1.2B 14.9 -- 2.3% -0.9% -- Hold 8
3 MBMR 2.35 10.8% -9.6% 6.8% 899M 13.2 11.3 2.6% 4.2% -- Hold 7
7 APM 3.42 -1.7% 0.0% -8.3% 689M 14.0 11.6 5.0% 4.1% -- Hold 2
7 WELLCAL 1.96 8.9% 2.6% -27.9% 650M 20.8 16.3 4.7% 23.3% -- Hold 1
10 NHFATT 3.34 5.0% 4.4% 26.0% 246M 10.1 -- 3.3% 11.2% -- -- --
3 SOLID 1.33 7.3% 2.3% -2.2% 220M 70.3 -- 1.0% 3.3% -- -- --
9 RUBEREX 0.77 -1.9% -4.4% -6.1% 178M 10.4 -- 2.6% 5.6% -- -- --
6 BKOON 0.15 11.1% 42.9% 36.4% 42M -- -- -- -1.9% -- -- --
6.1 Average 2.59 5.8% 2.5% -0.5% 1.5B 21.7 13.1 2.9% 3.3% -- Hold 6.2
PEER COMPANIES
UMW UMW Holdings WELLCAL Wellcall Holdings
ORIENT Oriental Holdings NHFATT New Hoong Fatt Holdings
TCHONG Tan Chong Motor Holdings SOLID Solid Automotive
MBMR MBM Resources RUBEREX Rubberex Corporation M
APM APM Automotive Holdings BKOON Boon Koon Group
Page 2 of 11
EARNINGS Currency in MYR
NEUTRAL OUTLOOK: Mixed earnings Earnings Score Averages

expectations and performance. Automobiles & Auto Parts Group: 5.0 Mid Market Cap: 5.6
Earnings Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive UMW 1 3 1 5 7
DRBHCOM 5 6 5 5 5
Neutral TCHONG 1 5 6 6 5
MBMR 1 3 5 3 1
Negative
BKOON NR NR NR NR NR
FEB-2014 FEB-2015 FEB-2016 FEB-2017
EARNINGS INDICATORS
Earnings Surprises Estimate Revisions Recommendation Changes
(33.3% weight) (33.3% weight) (33.3% weight)
UMW
TCHONG
DRBHCOM
MBMR
DRBHCOM
TCHONG
UMW
DRBHCOM
MBMR
MBMR
TCHONG
UMW
BKOON BKOON BKOON
Last 4 Years Last 4 Weeks Last 120 Days

# Positive Surprises (> 2%) 2 # Up Revisions 0 # Broker Upgrades 2
# Negative Surprises (< -2%) 2 # Down Revisions 0 # Broker Downgrades 0
# In-Line Surprises (within 2%) 0 Avg Up Revisions 0.0%
Avg Surprise -8.7% Avg Down Revisions 0.0%
HIGHLIGHTS PRICE TARGET

- DRB-Hicom currently has a relatively neutral Earnings Rating of 5. The chart indicates where analysts predict the stock price will be within
The average Earnings Rating for its Auto & Truck Manufacturers the next 12 months, as compared to the current price.
industry is 4.5 and the FTSE BURSA MALAYSIA COMPOSITE index
average is 6.4. 2.20 12-Month Price Target
Mean 1.64
2.00
High 1.80
1.80 HIGH
Low 1.35
MEAN
1.60 Target vs. Current 27.1%
1.40 1.29 # of Analysts 4
LOW
1.20
Current Price Price Target
Page 3 of 11
EARNINGS PER SHARE

Actuals Estimates
Earnings per share (EPS) is calculated Quarterly NA NA

by dividing a company's earnings by the Mean -- --
number of shares outstanding. Analysts Quarterly data is not available
tend to interpret a pattern of increasing High -- --
earnings as a sign of strength and flat Low -- --
or falling earnings as a sign of
# of Analysts -- --
weakness.
The charts provide a comparison NA NA NA NA

between a company's actual and
estimated EPS, including the high and Actuals Estimates
low forecasts. 0.400
0.200 0.117 Annual 2017 2018

HIGH Mean -0.178 -0.005
0.000 MEAN
LOW High -0.114 0.020
-0.200 Low -0.280 -0.030
-0.400 -0.513 # of Analysts 4 4
-0.600
2015 2016 2017 2018
MEAN ESTIMATE TREND ANALYST RECOMMENDATIONS

Q Q Y Y Price Thomson Reuters I/B/E/S Mean: Strong Buy (4 Analysts)
-- -- 2017 2018 Target
Current -- -- -0.178 -0.005 1.64
Strong Buy 3
30 Days Ago -- -- -0.178 -0.005 1.64 Buy 1
90 Days Ago -- -- -0.100 0.021 1.71 Hold 0
% Change (90 Days) -- -- -78.0% -123.8% -4.1%
Reduce 0
Current Fiscal Year End: 03-17
Next Expected Report Date: 27/02/17 Sell 0
EARNINGS SURPRISES
Comparing a company's actual earnings to the mean expectation of Surprise Detail (Last 6 Periods)
analysts results in a difference referred to as a 'positive' or 'negative'
surprise. Research has shown that when a company reports a Surprise Announce Period End Actual Mean Surprise
surprise, it is often followed by more of the same surprise type. Type Date Date EPS EPS (%)
Surprise Summary (Last 6 Years) Negative 31/05/16 31/03/16 -0.513 -0.079 -549.4%
Negative 28/05/15 31/03/15 0.117 0.133 -12.0%
Surprise Type Amount Percent
Positive 29/05/14 31/03/14 0.155 0.129 20.2%
Positive Years (> 2%) 3 50.0%
Positive 30/05/13 31/03/13 0.154 0.144 6.9%
Negative Years (< -2%) 2 33.3%
Positive 29/05/12 31/03/12 0.215 0.201 7.0%
In-Line Years (within 2%) 1 16.7%
In-Line 26/05/11 31/03/11 0.244 0.241 1.2%
ANNUAL REVENUE
A pattern of increasing sales in Actuals Estimates
conjunction with a rising EPS may
influence a buy recommendation, while 20B
2017 2018
flat or falling sales and faltering 18B
earnings may explain a sell Mean 12.6B 13.3B
recommendation. A rising EPS with flat 16B High 14.1B 15.6B
HIGH
or falling sales may result from 13.7B
increased cost efficiency and margins, 14B
Low 10.7B 10.9B
rather than market expansion. This 12.2B MEAN
Forecasted Growth 3.5% 9.2%
chart shows the sales forecast trend of 12B
# of Analysts 4 4
all analysts and the highest and lowest LOW
projections for the current and next 10B
2015 2016 2017 2018
fiscal year.
Page 4 of 11
FUNDAMENTAL
NEGATIVE OUTLOOK: Weak fundamentals Fundamental Score Averages
such as low profit margins, high debt levels, or Automobiles & Auto Parts Group: 5.1 Mid Market Cap: 6.4
falling dividends. Automobiles & Auto Parts Sector: 5.1 FBM KLCI Index: 7.0
Q1 Q2 Q3 Q4
Fundamental Score Trend Peers 2016 2016 2016 2016 Current 3Y Trend
MBMR 4 5 4 6 4
Positive
BKOON 5 6 5 5 3
Neutral UMW 3 3 2 2 3
Negative TCHONG 6 5 5 6 2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 DRBHCOM 2 2 2 2 1
2014 2015 2016
FUNDAMENTAL INDICATORS
Profitability Debt Earnings Quality Dividend
(25% weight) (25% weight) (25% weight) (25% weight)
UMW
TCHON
MBMR
MBMR BKOON BKOON
BKOON
BKOON UMW MBMR
DRBHC
UMW
TCHON MBMR
DRBHC DRBHC TCHON DRBHC
UMW TCHON
Revenue Growth -14.1% Current Ratio 0.6 Oper. Cash Yield 1.1% Dividend Growth -66.7%
For year over year For interim period For latest 12 months For year over year
ending 09-2016 ending 09-2016 ending 09-2016 ending 06-2016
Gross Margin 8.3% Debt-to-Capital 41.8% Accruals -0.9% Dividend Payout 38.6%
For latest 12 months For annual period For latest 12 months For latest 12 months
Return On Equity -21.3% Interest Funding 156.5% Days Sales In Inv. 84.1 Dividend Coverage 1.4
For interim period For interim period For annual period For annual period
Net Margin -13.1% Interest Coverage -2.1 Days Sales In Rec. 231.2 Current Div. Yield 1.6%
For latest 12 months For interim period For annual period For latest 12 months
HIGHLIGHTS
- DRB-Hicom currently has a Fundamental Rating of 1, which is - DRB-Hicom currently has a Fundamental Rating of 1, which is
significantly more bearish than the Automobiles & Auto Parts industry significantly more bearish than the Automobiles & Auto Parts industry
group average of 5.1. group average of 5.1.
- The net margin of -13.1% for DRBHCOM is the lowest within its - The net margin of -13.1% for DRBHCOM is the lowest within its
Automobiles & Auto Parts industry group. Automobiles & Auto Parts industry group.
- The debt-to-capital of 41.8% for DRBHCOM is the highest within its
Automobiles & Auto Parts industry group.
Page 5 of 11
RELATIVE VALUATION
POSITIVE OUTLOOK: Multiples significantly Relative Valuation Score Averages
below the market or the stock's historic norms. Automobiles & Auto Parts Group: 7.3 Mid Market Cap: 4.2
Relative Valuation Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive TCHONG 5 10 10 10 10
MBMR 8 7 9 9 9
Neutral DRBHCOM 8 8 8 8 8
BKOON 7 7 7 7 7
Negative
UMW 7 7 8 7 7
FEB-2014 FEB-2015 FEB-2016 FEB-2017
RELATIVE VALUATION INDICATORS

Forward PEG Trailing PE Forward PE
(50% weight) (25% weight) (25% weight)
DRBHCOM
TCHONG
UMW
BKOON
MBMR
MBMR
MBMR
TCHONG
BKOON BKOON
DRBHCOM DRBHCOM
UMW TCHONG
UMW
Price to Sales 0.2 Trailing PE -- Forward PE --

5-Yr Average 0.3 5-Yr Average 10.6 5-Yr Average 15.5
Rel. to 5-Yr Avg. 41% Discount Rel. to 5-Yr Avg. -- Rel. to 5-Yr Avg. --
FBM KLCI Index 2.8 FBM KLCI Index 17.4 FBM KLCI Index 17.8
Rel. to FBM KLCI 93% Discount Rel. to FBM KLCI -- Rel. to FBM KLCI --
HIGHLIGHTS
- DRB-Hicom currently has a Relative Valuation Rating of 8 which is - DRB-Hicom currently has a Relative Valuation Rating of 8 which is
significantly above the FTSE BURSA MALAYSIA COMPOSITE index significantly above the FTSE BURSA MALAYSIA COMPOSITE index
average rating of 5.5. average rating of 5.5.
Page 6 of 11
PRICE TO SALES TRAILING PE

The most recent week's close price divided by the revenue per share. The most recent week's close price divided by the sum of the four most
recently reported quarterly earnings.
Price to Sales: 0.2 Trailing PE: --
5-Year Average: 0.3 5-Year Average: 10.6
FBM KLCI Index Average: 2.8 FBM KLCI Index Average: 17.4
Automobiles & Auto Parts Group Average: 0.4 Automobiles & Auto Parts Group Average: --
1.10 30
1.00 27
0.90 24
0.80 21
0.70 18
0.60 15
0.50 12
5-Yr Average
0.40 9
0.30 5-Yr Average 6
0.20 3
0.10 0
2012 2013 2014 2015 2016 2012 2013 2014 2015 2016
FORWARD PE FORWARD PEG

The most recent week's close price divided by the sum of the four The Forward P/E divided by the five-year forecasted growth rate.
upcoming quarterly consensus estimates.
Forward PE: -- Forward PEG: --
5-Year Average: 15.5 5-Year Average: 0.6
FBM KLCI Index Average: 17.8 FBM KLCI Index Average: 2.9
Automobiles & Auto Parts Group Average: -- Automobiles & Auto Parts Group Average: --
>50 1.20
45 1.10
40 1.00
35 0.90
30 0.80
25 0.70
20 0.60 5-Yr Average
15 5-Yr Average 0.50
10 0.40
5 0.30
0 0.20
2012 2013 2014 2015 2016 2012 2013 2014 2015 2016
Page 7 of 11
RISK
NEGATIVE OUTLOOK: Variable return patterns Risk Score Averages
(high volatility). Automobiles & Auto Parts Group: 5.8 Mid Market Cap: 7.6
Risk Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive TCHONG 6 8 8 7 8
UMW 7 6 7 6 7
Neutral BKOON 2 2 2 3 4
DRBHCOM 4 3 4 3 3
Negative
MBMR 5 6 5 5 2
FEB-2014 FEB-2015 FEB-2016 FEB-2017
RISK INDICATORS
Magnitude Of Returns Volatility Beta (1-year) Correlation
(25% weight) (25% weight) (25% weight) (25% weight)
UMW
TCHON TCHON TCHON DRBHC
BKOON
UMW MBMR
MBMR UMW
BKOON DRBHC
BKOON
MBMR TCHON
DRBHC BKOON
UMW MBMR
DRBHC
Daily Returns (Last 90 Days) Standard Deviation Beta vs. FBM KLCI 1.65 Correlation vs. FBM KLCI
Best 12.5% Last 90 Days 3.22 Positive Days Only 2.30 Last 90 Days 25%
Worst -8.2% Last 60 Months 11.17 Negative Days Only 1.24 Last 60 Months 39%
Monthly Returns (Last 60 Months) Intra-Day Swing (Last 90 Days) Beta vs. Group 0.79 Correlation vs. Group
Best 44.8% Average 3.8% Positive Days Only 0.40 Last 90 Days 19%
Worst -24.0% Largest 11.1% Negative Days Only 0.59 Last 60 Months 53%
HIGHLIGHTS RISK ANALYSIS

- DRB-Hicom currently has a Risk Rating of 3, which is Last 90 Days Last 60 Months
significantly below the FTSE BURSA MALAYSIA COMPOSITE Best Worst # # Largest Best Worst
index average rating of 9.1. Daily Daily Days Days Intra-Day Monthly Monthly
- On days when the market is up, DRBHCOM shares tends to Peers Return Return Up Down Swing Return Return
outperform the FTSE BURSA MALAYSIA COMPOSITE index. DRBHCOM 12.5% -8.2% 19 27 11.1% 44.8% -24.0%
However, on days when the market is down, the shares
generally decrease by more than the index. BKOON 13.0% -7.1% 17 15 15.4% 36.8% -19.5%
- In both short-term and long-term periods, DRBHCOM has MBMR 17.6% -6.9% 13 25 16.6% 30.4% -13.3%
shown average correlation (> 0.2 and < 0.4) with the FTSE
BURSA MALAYSIA COMPOSITE index. Thus, this stock TCHONG 3.8% -4.1% 13 24 4.1% 28.0% -16.1%
would provide only average levels of diversification to a
portfolio similar to the broader market. UMW 10.0% -3.8% 25 28 7.8% 16.3% -24.1%
- Over the last 90 days, DRBHCOM shares have been more FBM KLCI 0.9% -1.1% 34 26 1.3% 4.9% -6.4%
volatile than the overall market. The stock's daily price
fluctuations have exceeded that of all FTSE BURSA
MALAYSIA COMPOSITE index firms.
Page 8 of 11
PRICE MOMENTUM Currency in MYR
NEUTRAL OUTLOOK: Performance relatively Price Momentum Score Averages

in-line with the market. Automobiles & Auto Parts Group: 5.6 Mid Market Cap: 6.0
Price Momentum Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive BKOON 4 6 9 8 10
UMW 2 1 1 6 5
Neutral DRBHCOM 7 4 2 3 4
MBMR 7 8 1 1 4
Negative
TCHONG 1 2 1 1 1
FEB-2014 FEB-2015 FEB-2016 FEB-2017
PRICE MOMENTUM INDICATORS

Relative Strength Seasonality
(70% weight) (30% weight)
BKOON
BKOON
DRBHCOM UMW
MBMR DRBHCOM
UMW MBMR
TCHONG
TCHONG
Relative Strength Indicator (Scale from 1 to 100) Average Monthly Return (Last 10 Years)
DRBHCOM Industry Avg FEB MAR APR
Last 1 Month 62 54 Company Avg -3.4% 4.2% 4.6%
Last 3 Months 53 50 Industry Avg -0.3% 0.2% 6.0%
Last 6 Months 52 48 Industry Rank 43 of 54 45 of 54 5 of 54
PRICE PERFORMANCE
Daily close prices are used to calculate the DRBHCOM DRBHCOM FBM KLCI
performance of the stock as compared to a
FBM KLCI Close Price (08/02/17) 1.29 1,689
relevant index over five time periods.
52-Week High 1.55 1,728
10.3%
1-Week 52-Week Low 0.78 1,615
1%
11.2% - On 08/02/17, DRBHCOM closed at 1.29, 16.8% below its 52-

1-Month
0.8% week high and 66.5% above its 52-week low.
- DRBHCOM shares are currently trading 9.5% above their 50-
4.9%
3-Month day moving average of 1.18, and 12.9% above their 200-day
1.5% moving average of 1.14.
12.2% - The FTSE BURSA MALAYSIA COMPOSITE index is currently
YTD 2.3% below its 52-week high and 4.6% above its 52-week low.
2.9%
19.4%
1-Year
1.6%
Page 9 of 11
Mean Estimate Trend

DETAILED STOCK REPORT TIPS The mean estimates show how the consensus has changed over the past 30 days
and 90 days for the upcoming two quarters (when available) and two years. The
The Thomson Reuters Stock Report is a comprehensive, company-specific analysis percentage change is calculated for the company as a means for comparison by
that includes a proprietary Stock Rating along with underlying component indicators measuring the difference between the current consensus estimate and that of 90
and supportive data elements. The report is updated daily, although some of the days ago.
data elements and the ratings are updated weekly.
Analyst Recommendations
Average Score The I/B/E/S Mean is the mean recommendation of all analysts covering the stock,
The Average Score combines a quantitative analysis of five widely-used investment as provided by Thomson Reuters I/B/E/S (Institutional Brokers Estimate System).
decision making tools - Earnings, Fundamental, Relative Valuation, Risk, and Price The recommendations are presented on a five-point standardized scale: strong buy,
Momentum. First, a simple average of the five underlying component ratings is buy, hold, reduce, and sell.
calculated. Then, a normal distribution is used to rank each stock across the market
on a scale of 1 to 10, with 10 being most favorable. A score of 8 to 10 is considered Earnings Surprises
positive, 4 to 7 is neutral, and 1 to 3 is negative. These five factors may be The surprise summary includes the total number of time periods (and
evaluated differently using alternative methodologies, and the importance of percentage) in the last 12 quarters (quarterly) or last 4 years (annual) in which
individual factors varies across industry groups, market capitalization and earnings surprises were positive, negative, or in-line. In order to be recognized
investment styles. Additional criteria should always be used to evaluate a stock. as a positive or negative surprise, the percent must be greater than 2% above or
2% below the consensus, respectively.
A company must have sufficient data available for at least three of the five The surprise detail section includes a listing of the company's quarterly earnings
component indicators in order to receive an overall Average Score. Approximately reported for the most recent 6 periods (quarters or years). The consensus
85% of the stocks within the coverage universe meet the criteria to generate a analyst estimate is provided to determine if the actual earnings report
score. represented a positive surprise, negative surprise, or in-line result.
Indicator Components Fundamental
The five indicators that comprise the stock rating are displayed. Like the stock The Fundamental Rating is based on a combination of four fundamental component
rating, the component rating scale is 1 to 10, with 10 being best. A company will factors: profitability, debt, earnings quality, and dividend. Companies that do not
receive an NR for No Rating if the required data elements or criteria are not met. A pay a dividend are not penalized. Each factor is equally weighted. Then, equal
detailed section for each component is included in the report. deciles are used to rank each stock across the market on a scale of 1 to 10, with 10
being most favorable. A stock needs to have at least three of the four fundamental
Indicator Trends factors present in order to receive a score.
Within each component section, historical score trends are displayed, typically using
a 4-week moving average over a timeframe of the past three years. The dotted Profitability is comprised of four data elements.
orange line indicates the average of the scores over those three years. The most - Revenue Growth: (Net Sales Previous Net Sales) / Previous Net Sales
recent occurrences of the best and worst scores are also displayed on the chart in - Gross Margin: Gross Profit / Net Sales
grey boxes to put the current score into historical context. - Return on Equity: Net Income / Total Equity
- Net Margin: Net Profit / Net Sales
Next to the trend chart for the company, current score averages are included, along Debt is comprised of four data elements.
with peer company comparisons of values from 6 months ago, 3 months ago, 1 - Current Ratio: Current Assets / Current Liabilities
month ago, the most recent value from 1 week ago, and the current score. The four - Debt-to-Capital: Total Debt / Total Capital
closest industry peers are presented based on similar market capitalization. - Interest Funding: Interest Expense / Operating Cash Flow
- Interest Coverage: (Pre-Tax Income + Interest Expense) / Interest Expense
Peer Analysis Earnings Quality is comprised of two data elements.
The Thomson Reuters Business Classification (TRBC) system is used for - Days Sales in Inventory: 365 / (Cost of Goods Sold / Inventory)
industry comparisons. It is designed to track and display the primary business of - Days Sales in Receivables: 365 / (Net Sales (Revenues) / Receivables)
a corporation by grouping together correlated companies that offer products and Dividend is comprised of four data elements. The company must have a current
services into similar end markets. The system includes 10 Economic Sectors, 28 dividend yield.
Business Sectors, 54 Industry Groups, and 136 Industries. - Dividend Growth Rate: (Dividends per Share Previous Dividends per Share)
The Peer Analysis section of the report compares the company to its ten closest / Previous Dividends per Share
peers. The peers are selected from the industry based on similar market - Dividend Funding: Dividends / Operating Cash Flow
capitalization. The peer listing may have fewer than ten companies if there are - Dividend Coverage: (Pre-Tax Income + Interest Expense) / (Interest Expense
fewer than ten companies within that industry classification. + Dividends)
- Dividend Yield: Annual Dividends per Share / Current Market Price per Share
Highlights
The Thomson Reuters proprietary automated text-generation system creates Indicator Trend
highlights summarizing the most noteworthy data. The bullets will vary by company The fundamental indicator trend displays either quarterly scores over the past three
and will change from week to week as different criteria are met. years or annual scores over the past six years, depending on the reporting periods
for the country. The best and worst scores can be easily determined from the
Earnings values shown on the chart for each quarter or year.
The Earnings Rating is based on a combination of three factors: earnings surprise,
estimate revision, and recommendation changes. Each factor is equally weighted. Relative Valuation
Then, equal deciles are used to rank each stock across the market on a scale of 1 The Relative Valuation Rating is based on a combination of three component
to 10, with 10 being most favorable. A stock needs to have at least two of the three factors: Price to Sales (50% weight), Trailing P/E (25% weight), and Forward P/E
earnings factors in order to receive a score. (25% weight). After the weightings are considered to combine individual factors,
equal deciles are used to rank each stock across the market on a scale of 1 to 10,
Earnings Surprises - The number of positive and negative surprises within the with 10 being most favorable. These common valuation metrics are evaluated
last 4 periods (quarters or years). against the overall market, the index, and the company's own historic 5-year
Estimate Revisions - The number of up and down revisions and the average averages. A stock needs to have at least one of the three relative valuation factors
percentage change of those revisions within a 4 week period. in order to receive a score.
Recommendation Changes - The number of broker upgrades and downgrades in
the last 120 days. Price to Sales: Close Price / (Sales for 4 Quarters or 1 Year / Shares
Outstanding)
Price Target Trailing P/E: Close Price / Most Recent 4 Quarters or 1 Year of Earnings
The price target is based on the predictions of analysts covering the stock and Forward P/E: Close Price / Upcoming 4 Quarters or 1 Year of Earnings
shows the high, low and mean price expected within the next 12 months.
Valuation Averages
Earnings Per Share Negative values are excluded when calculating the averages. A maximum value of
The quarterly and annual earnings per share are presented when available, along 100 is placed on Trailing P/E and Forward P/E, a maximum value of 5 is placed on
with the mean, high and low. Quarterly data is displayed for the past 4 quarters Forward PEG, and a maximum value of 20 is placed on Price to Sales when
(actual) and the next 2 quarters (estimated). Annual data is displayed for the past 2 calculating the averages. Higher values are rounded down to the maximum for the
years (actual) and the next 2 years (estimated). averages.
Page 10 of 11
Valuation Multiples
The valuation multiples provide the Trailing P/E, Forward P/E, Forward PEG, and
Price to Sales for the company and the S&P 500 index average. In addition, a
comparison of the current companys values to its 5-year average and an industry
average are presented. A discount occurs when the companys ratio is valued more
favorably (lower) than that to which it is compared.
Risk
The Risk Rating displays stocks on a scale of 1 to 10 with 10 being awarded to the
least risky stocks. It is derived by looking at a series of long-term (5-year) and
short-term (90-day) stock performance measures including volatility, magnitude of
returns, beta, and correlation. Each factor is equally weighted. Then, equal deciles
are used to rank each stock across the market. A stock needs to have at least two
of the four risk factors in order to receive a score.
Magnitude of Returns The best / worst daily returns in the past 90 days and the
best / worst monthly returns in the past 60 months.
Volatility The standard deviation of the stock price over the last 90 days and
last 60 months, along with the average and largest intra-day stock swing.
Beta Measures the tendency of a securitys returns to respond to swings in the
market, based on the beta of the company versus the relevant index.
Correlation Determines how closely the returns of the stock and the relevant
index move together, measured over the last 90 days and last 60 months.
Risk Analysis
Price analysis for the company and the relevant index is provided over two time
periods. Daily analysis is provided for the last 90 days, whereas monthly statistics
are used for the last 60 months.
Price Momentum
The Price Momentum Rating is based on a combination of two technical
performance factors: relative strength (70% weight) and seasonality (30% weight).
After the weightings are considered to combine individual factors, equal deciles are
used to rank each stock across the market on a scale of 1 to 10, with 10 being most
favorable. A stock needs to have data for the relative strength factor in order to
receive a score.
Relative Strength The relative strength of the company for the last 1 month, 3
months, and 6 months on a scale of 1 to 100.
Seasonality The average monthly return (price performance) for the current
month and next 2 months for the company and industry, over the past 10 years.
A lower industry rank indicates a higher return.
Price Performance
Daily close prices are used to calculate the price performance of the stock. The
performance of the relevant index is also displayed as a means of comparison.
DISCLAIMER
Thomson Reuters content (TR Content) is the intellectual property of Thomson
Reuters or its third party content providers. The copying, republication or
redistribution of TR Content, including by framing or similar means is expressly
prohibited without the prior written consent of Thomson Reuters. The TR content in
this report does not constitute a recommendation to buy or sell securities of any kind
or constitute investment advice. Past performance is not a guarantee of future
results.
All information in this report is assumed to be accurate to the best of our ability.
Thomson Reuters excludes all liability, to the maximum extent permitted by law, for
any inaccuracies in the TR Content or for the consequences of your reliance on the
TR Content. Investors should consider this report as only a single factor when
making an investment decision.
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DRB-HICOM (DRBHCOM-KU)

HIGHLIGHTS THOMSON REUTERS I/B/E/S MEAN

PRICE AND VOLUME CHARTS

Earnings Fundamental Relative Valuation Risk Price Momentum

PEER ANALYSIS Currency in MYR

PRICE MOMENTUM VALUATION FUNDAMENTAL ANALYSTS

EARNINGS Currency in MYR

NEUTRAL OUTLOOK: Mixed earnings Earnings Score Averages

Last 4 Years Last 4 Weeks Last 120 Days

HIGHLIGHTS PRICE TARGET

EARNINGS PER SHARE

Earnings per share (EPS) is calculated Quarterly NA NA

The charts provide a comparison NA NA NA NA

0.200 0.117 Annual 2017 2018

MEAN ESTIMATE TREND ANALYST RECOMMENDATIONS

RELATIVE VALUATION INDICATORS

Price to Sales 0.2 Trailing PE -- Forward PE --

PRICE TO SALES TRAILING PE

FORWARD PE FORWARD PEG

HIGHLIGHTS RISK ANALYSIS

PRICE MOMENTUM Currency in MYR

NEUTRAL OUTLOOK: Performance relatively Price Momentum Score Averages

PRICE MOMENTUM INDICATORS

11.2% - On 08/02/17, DRBHCOM closed at 1.29, 16.8% below its 52-

Mean Estimate Trend

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