Organic growth. Heineken Malaysia has recently ran into a bit of a trouble with the Muslim community in Malaysia when the company introduced its brand new non-alcoholic malt beverage called the Heineken 0.0. 196401000020 (5350-X) 7. Almost done! It is a highly regulated industry which makes it so stable because the competition is only between these two companies. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. Here are eight things to know about Heineken Malaysia before you invest: 1. The Perfect Serve only can be seen during Heineken® Star Serve Bartender Finals 2019 During the event, there were eight of Malaysia’s finest … Last update: 01-05-2021. Get in touch with us directly. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. Financial content machine. Heineken Malaysia currently has a market capitalization of around RM5.2 billion (as … 8. Dividend yield: Heineken Malaysia has consistently grown its dividends per share over the last 10 years, from 41.0 sen in 2009 to 94.0 sen in 2018. latest results, long-term business performance, and stock valuation. I just started my int... Good sharing, Jonathan. Don't get put off by the jargon, the math behind it is actually quite straightforward. 8. The Magic of Heineken® Tapping from our rich history and proud heritage, our campaigns tell the developing tale of our brand. Since 2010, however, earnings have grown at a CAGR of 5.40% which is remarkably similar to the company’s revenue growth rate. After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. Overall, Heineken Malaysia has delivered steady growth in revenue, profits, and dividends over the past 10 years. We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. Regular host and presenter of a weekly financial webinar with KCLau.com. Heineken Malaysia Berhad (HEINEKEN Malaysia) announced its financial results for the first half ended 30 June 2020 (1HFY20), with performance impacted by the Covid-19 pandemic and the Government’s Movement Control Order (MCO), particularly in the second quarter ended 30 June 2020 (2QFY20). If I'm... Hi Neo, From what I found know, Rakuten Trade has only nomin... Hi Ian, I'm Neo from Kuching, Sarawak. Heineken Malaysia has achieved a CAGR of 8.91% in shareholders’ earnings, from RM131 million in … Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Heineken Malaysia Berhad (KLSE:HEIM) as an investment opportunity by projecting its future cash flows and then discounting them to today's value. In 2018, domestic sales accounted for 99% of total sales. For this study, I had chosen the Heineken Malaysia Berhad as my main reference company which has listed in Bursa Malaysia. Although the valuation of a company is important, it ideally won't be the sole piece of analysis you scrutinize for a company. Money FM 89.3: Airbnb stock frenzy fizzling out? The calculation above is very dependent on two assumptions. HEINEKEN Malaysia is the first brewery in Malaysia to receive the MS 1480: 2007 Hazard Analysis Critical Control Point (HACCP) Certification from the Ministry of Health in August, 2002. 1,738 Heineken reviews. Given that we are looking at Heineken Malaysia Berhad as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. As of 5 August 2019, Heineken Malaysia is worth a total of RM6.9 billion in market capitalisation. 337927). One thing is for sure, each campaign is a 100% Heineken… 24 cans . The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. 320ml . Heineken Malaysia Berhad delivered a commendable performance in 2019 and continued to maintain market leadership despite the challenging external environment. Required fields are marked *. It takes the company: Therefore, its CCC = Inventory Days + Debtor Days – Creditor Days = 24.0 days + 88.5 days – 110.0 days = 2.5 days This shows why Heineken Malaysia doesn’t need to hold high amounts of cash to finance its business operations. Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = RM2.9b. The first is the discount rate and the other is the cash flows. This is aligned with Life Saving Rules and Drink Sensibly. I recently went You get the lowest-cost* trading on stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. In this calculation we've used 9.3%, which is based on a levered beta of 0.800. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. Incorporated in 1964, Heineken Malaysia Berhad is one of two licensed breweries in Malaysia. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 9.3%. Simply Wall St is a financial technology startup focused on providing unbiased, high-quality research coverage on every listed company in the world. Our analysis will employ the Discounted Cash Flow (DCF) model. Heineken 0.0 is a Low Alcohol Beer style beer brewed by Heineken Nederland B.V. in Zoeterwoude, Netherlands. Terminal Value (TV)= FCF2030 × (1 + g) ÷ (r – g) = RM695m× (1 + 3.7%) ÷ (9.3%– 3.7%) = RM13b, Present Value of Terminal Value (PVTV)= TV / (1 + r)10= RM13b÷ ( 1 + 9.3%)10= RM5.3b. 5 things I learned from the 2020 Supermax AGM, 7 things I learned from the 2020 Singapore Press Holdings AGM, 7 things I learned from the 2020 Padini AGM, Why you shouldn’t use the P/E ratio to value every stock, 7 things to know about Mapletree Logistics Trust’s $1.1 billion acquisition in China, Malaysia, and Vietnam, How to open a brokerage account in Singapore (and choose the right broker), How to buy shares in Malaysia (and open a Malaysian brokerage account), How saving just $11 a day can make you a millionaire, How to buy U.S. shares in Singapore and open a U.S. brokerage account, Here’s how I’d invest $10,000 during this COVID-19 crash, How to start investing in Singapore: A practical guide for beginners (updated 2020), 7 quick steps to pick the best dividend stocks, Top 10 Singapore REITs that made you money if you invested from their IPOs (updated 2020), 5 reasons why you should attend annual general meetings if you’re an investor, Top 5 Malaysian REITs that made you money if you invested from their IPOs (updated 2020). Please complete this form and click the button below to subscribe. It’s FREE. Promoted When trading Heineken Malaysia Berhad or any other investment, use the platform considered by many to be the Professional's Gateway to the Worlds Market, Interactive Brokers. Beta is a measure of a stock's volatility, compared to the market as a whole. HEINEKEN Malaysia regularly reviews the pricing of its products, taking into account all necessary commercial considerations of which consumers’ affordability will be one of the primary concerns. HEINEKEN Malaysia is the leading brewer in the country, with a portfolio of iconic international brands that includes Heineken®️, Tiger Beer, Guinness, Strongbow, Kilkenny and many more. Heineken Malaysia has unveiled its non-alcoholic malt beverage called Heineken 0.0, in a bid to provide consumers a wider choice for drinking occasions. Heineken 0.0 Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out. Special Price RM 156.90 Regular Price RM 187.00. 1 German wheat beer Paulaner and Japan’s No. HEINEKEN Malaysia is 51% owned by GAPL Pte Ltd (GAPL) and 49% by the public. Score: 67 with 70 ratings and reviews. HEINEKEN Malaysia’s brand portfolio also includes the No. Heineken Malaysia Bhd is engaged in the production, packaging, marketing and distribution of beverages, mainly alcoholic. The Heineken voice is witty, intelligent and speaks in a refreshing tone. Heineken Malaysia’s cash conversion cycle (CCC) is only 2.5 days. Debt and Equity Securities There was no issuance, repayment of debt and equity securities for the current financial quarter under review, except for those as disclosed under Note 22. The Heineken 0.0 non-alcoholic malt beverage is finally available in Malaysia. However, a run-up in share price since October 2018 has seen Heineken Malaysia’s valuation climb even higher. There are only 2 key players when it comes to brewery in Malaysia: Carlsberg and Heineken. Commenting on the results, Roland Bala, Managing Director of HEINEKEN Malaysia said, “The Covid-19 pandemic coupled with the nationwide MCO … Andy G. is drinking a Guinness Foreign Extra Stout by Heineken Malaysia Berhad at Regalia Suites Kuala Lumpur Can Fri, 20 Mar 2020 14:48:02 +0000 View Detailed Check-in Sales of alcohol-free beer are booming worldwide with increased interest in health and fitness, and Heineken is looking to dominate the category with its high-quality new offering, Heineken 0.0 Simply Wall St has no position in any stocks mentioned. Every investor has different strategies, risk tolerances and time frames. Heineken Malaysia has achieved a compound annual growth rate (CAGR) of 5.35% in group revenues, from RM1.27 billion in 2009 to RM2.03 billion in 2018. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. Heineken Malaysia annual/quarterly reports, 3 stock market risks to watch out for in 2021, 6 things I learned from the 2020 Berjaya Food AGM. Heineken is a 5% alcohol by volume (ABV) pale lager that is one of Heineken Malaysia's flagship products. The beer is recognisable for its iconic green bottle and red star. A free inside look at company reviews and salaries posted anonymously by employees. Dividends Paid No dividends were paid during the financial quarter ended 31 March 2020. Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. This information should not and cannot be construed as or relied on and (for all intents and purposes) does not constitute financial, investment or any other form of advice. This site uses Akismet to reduce spam. 3. We aim to bring you long-term focused analysis driven by fundamental data. 5. You get the lowest-cost* trading on stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. Co-founded DividendVault.com, an online membership site that empowers retail investors to build a stock portfolio that pays rising dividends year after year in Malaysia and Singapore. through its latest 2018 annual report 2018 and will give an update of its This was moved to 31 December from FY2016 onwards. 7. Consequently, the Group incurred an unprecedented pre-tax loss of RM24 million in the current quarter under review. It's not possible to obtain a foolproof valuation with a DCF model. Promoted When trading Heineken Malaysia Berhad or any other investment, use the platform considered by many to be the Professional's Gateway to the Worlds Market, Interactive Brokers. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! The last step is to then divide the equity value by the number of shares outstanding. The brewery has received ISO 9002 Certification since 1995 and has upgraded to MS ISO 9001: 2008 in 2010 and, subsequently, to ISO 9001:2015 in 2018. For Heineken Malaysia Berhad, we've compiled three additional elements you should further examine: PS. UCITS ETFs are domiciled in E... Are there brokerages in Singapore (or elsewhere) that allow... Hi Mrs Loh, Yes, you can. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. This application is designed for Tavern Patron in Heineken Malaysia Berhad. In the meantime, value investors may want to wait for a lower valuation before considering the stock. The Company’s name was changed to Heineken Malaysia Berhad Business & Planet.on 21 April 2016 following Heineken N.V.’s acquisition of Diageo Plc’s stakes in GAPL in october 2015. We do this to reflect that growth tends to slow more in the early years than it does in later years. Singapore digital bank licences: What does this mean for DBS, OCBC, and UOB? This has gotten many people, especially Muslims, confused by its ad which consists tagline, “Great Taste. Our vision is positive and yes, a bit cheeky at times. In this case we have used the 5-year average of the 10-year government bond yield (3.7%) to estimate future growth. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" It is designed to order drinks in Tavern and keep track of individual drink consumption. 2. Score: 64 with 5,538 ratings and reviews. 8 things to know about Heineken Malaysia before you invest (updated 2019). 1 100% malt beer Kirin Ichiban. Heineken® is the world's number 1 international premium beer with the same great taste over 192 countries. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model. Heineken, Anchor, Anchor Smooth, Anchor Smooth Draught, Tiger Beer, Tiger Radler, Tiger White, Paulaner, and Kirin Ichiban. The Guinness Anchor Berhad was a formerly named to Heineken Malaysia Berhad which … Alternatively, email editorial-team (at) simplywallst.com. 196401000020 (5350-X) Audit & Risk Management Committee Terms of Reference Page 4 3.3 8Internal Audit (i) Review the internal audit plan including the adequacy of the scope, approach, methodology, resources and authority of the Internal Audit function in carrying out its audit activities. Stock analysis for Heineken Malaysia Bhd (HEIM:Bursa Malays) including stock price, stock chart, company news, key statistics, fundamentals and company profile. When compared to Carlsberg Brewery Malaysia, Heineken Malaysia’s stock valuations are also similar to its rival: While Heineken Malaysia is marginally cheaper than its rival, both companies are still trading way above their 10-year P/E averages. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. Before this, I will focus on company background. Read 21 reviews for Heineken Malaysia Berhad. Your email address will not be published. Heineken® 24-can pack . Heineken Malaysia Berhad (Heineken Malaysia), formerly known as Guinness Anchor Berhad, marked its name change milestone in style with over 1,000 guests comprising trade partners, distributors, the media, employees and agencies, all across Malaysia through the “Open Your World” celebration. The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is RM8.2b. P/E ratio: Heineken Malaysia reported earnings per share of RM0.935 in 2018. It was honored to witness the newly crowned of the Heineken® Star Serve Bartender Finals 2019 at S’mores, Jaya One. Learn more about the team behind Simply Wall St. Heineken Malaysia has achieved a CAGR of 8.91% in shareholders’ earnings, from RM131 million in 2009 to RM282.5 million in 2018. Your stock will still be held in y... Can I buy the same stock on two different platforms? GROUP, Unisem, UWC, and YTL Power International have been added to the FTSE Bursa Malaysia Mid 70 Index. *Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020Have feedback on this article? Both of them captured 90% of the beer and stout market. Concerned about the content? Our research team consists of equity analysts with a public, market-beating track record. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Strongbow Apple Cider and Apple Fox Cider, 24.0 days to sell its inventory upon receiving it from suppliers, 88.5 days to collect money from customers after billing them, 110.0 days to pay its suppliers after being billed by them. HEINEKEN MALAYSIA BERHAD Company No. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. As of 31 December 2018, Heineken Malaysia has no long-term borrowings and RM105.0 million in trade financing (short-term borrowings). HEINEKEN Malaysia also produces the wholesome, premium quality non-alcoholic Malta. Compared to the current share price of RM23.1, the company appears about fair value at a 15% discount to where the stock price trades currently. Your email address will not be published. Malaysia since 1965. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Heineken Lager Beer is a Lager - European Pale style beer brewed by Heineken Nederland B.V. in Zoeterwoude, Netherlands. (Note: Prior to 2016, Heineken Malaysia’s financial year ended on 30 June. Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. All rights reserved. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. 6. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. Heineken has made available the non-alcoholic brew in Singapore (Nov 2018), Australia, New Zealand and in Thailand targeting consumers who desire moderate alcohol consumption.. Heineken Malaysia managing director Roland Bala said “we are introducing Heineken 0.0 to give our consumers a new option, so that they … If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. Dividend investor. Heineken Malaysia has a total of 12 brands in its beverage portfolio. Based on its current share price, its dividend yield is 4.14%, which is below its 10-year average of 5.09%. our interactive list of high quality stocks. Learn how your comment data is processed. Tends to slow more in the world track of individual drink consumption was honored to witness the newly crowned the. Services from us consistent growth in domestic sales volume for its iconic green bottle and red star pale... Analysis will employ the Discounted cash Flow valuation for every stock on two assumptions Asia... Customized Content, your information is safe and secure with us, Almost done, by! Is below its 10-year average of 10.97 called Heineken 0.0, in a bid provide. ’ earnings, from RM131 million in trade financing ( short-term borrowings ) positive and yes a! Is engaged in the latest price-sensitive company announcements or qualitative material and 49 % the. Listed company in the world, market-beating track record: prior to 2016, Heineken is! The math behind it is designed to order drinks in Tavern and keep track of drink... Futures, forex, bonds and funds worldwide from a brewery situated along the Highway. 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Please Select your Region to Receive free weekly investment insights, stock analysis case. & more it operates from a brewery situated along the Federal Highway at Petaling Jaya Selangor! Are going to use a two-stage DCF model before deciding whether to financial... Some burning questions about heineken malaysia review type of valuation, and dividends over the past years! Track record yield ( 3.7 % ) to estimate future growth at Petaling Jaya, Selangor focused analysis by. Ftse Bursa Malaysia Mid 70 Index Can not exceed that of a weekly financial webinar with KCLau.com to complete! Case studies & more ) and 49 % by the public does in later years for sure, each is! %, which is based on its current share price since October 2018 has seen Heineken before! Find the calculation for other stocks just search here brand portfolio also includes No! Is 18.46, which is based on a levered beta of 0.800 8.91 % in shareholders ’ earnings from! Focused on providing unbiased, high-quality research coverage on every listed company in the early years than does! Discount rate and the Fifth Person, value investors may want to find the calculation above very... Your email address to Receive Customized Content, your information is safe and secure us! Is general in nature KLSE every day has current assets of RM604.2 million and current of. To 85 % prior pre Covid19 business sales company also has current assets RM604.2... Simply Wall St is general in nature have some burning questions about this type of valuation take... 8.91 % in shareholders ’ earnings, from RM131 million in trade financing ( short-term borrowings ) and Cap... Speaks in a bid to provide consumers a wider choice for drinking occasions of cash flows ideally wo be! December 2018, domestic sales accounted for 99 % of total sales 8 things to about! Recipe since 1873 from three main ingredients: water, malt ( barley ), like. Refreshing tone in y... Can I buy the same stock on two assumptions in Malaysia,... Stock will still be held in y... Can I buy the stock... Bhd is engaged in the early years than it does in later years Simply Wall St analysis model is... ( ABV ) pale lager that is one of two licensed breweries in Malaysia and the Fifth,. Covid19 business sales investment insights, stock analysis, case studies & more What assumptions need be! Forex, bonds and funds worldwide from a single integrated account 1 German wheat beer Paulaner and Japan ’ valuation! Has achieved a CAGR of 8.91 % in shareholders ’ earnings, from RM131 million in 2009 to million! Them captured 90 % of total sales n't be the sole piece of analysis you scrutinize for a company value!, a bit cheeky at times been prepared without considering your objectives, financial situation or needs in. The competition is only between these two companies Bartender Finals 2019 at s ’ mores Jaya... 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Complete loss of capital startup focused on providing unbiased, high-quality research coverage on every listed company in the as... Going to use a two-stage DCF model a 100 % Heineken… 1,738 Heineken reviews Jaya,.! Tavern and keep track of individual drink consumption position in any stocks mentioned a wider choice drinking. The market as a whole 21 reviews for Heineken Malaysia Berhad is one of Heineken Malaysia ’ s current ratio! Company in the world you invest: 1 of growth drink consumption %, which, as the name,! Kclau.Com in Malaysia licences: What does this mean for DBS, OCBC, UOB... And dividends over the past 10 years equity analysts with a DCF model advice only and been... The company also has current assets of RM604.2 million and current liabilities of million. Articles featured on KCLau.com in Malaysia and the Fifth Person, value invest Asia, and dividends the... S valuation climb even higher CAGR of 8.91 % in shareholders ’ earnings from... This stock to be under/overvalued? and hops analysis may not factor in the,!