Furniweb (8480.HK) stock price, revenue, and financials

Furniweb market cap is $277.2 m, and annual revenue was RM92.57 m in FY 2018

$277.2 M

8480.HK Mkt cap, 02-Dec-2020

RM50.5 M

Furniweb Revenue H1, 2019
Furniweb Gross profit (H1, 2019)11.6 M
Furniweb Gross profit margin (H1, 2019), %22.9%
Furniweb Net income (H1, 2019)-4.2 M
Furniweb Cash, 30-Jun-201923.6 M
Furniweb EV288 M

Furniweb Revenue

Furniweb revenue was RM92.57 m in FY, 2018 which is a 15.7% year over year decrease from the previous period.

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Furniweb Revenue Breakdown

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Furniweb revenue breakdown by business segment: 11.8% from Other products, 36.2% from Webbing and 52.1% from Elastic textile

Furniweb revenue breakdown by geographic segment: 17.9% from North America, 10.0% from Europe, 25.8% from Asia Pacific (excluding Malaysia and Vietnam), 36.9% from Vietnam, 9.1% from Malaysia and 0.3% from Other

Furniweb Income Statement

Annual

MYRFY, 2016FY, 2017FY, 2018

Revenue

97.9m109.7m92.6m

Revenue growth, %

12%(16%)

Cost of goods sold

71.1m79.5m71.6m

Gross profit

26.9m30.2m21.0m

Gross profit Margin, %

27%28%23%

Sales and marketing expense

2.6m3.0m2.7m

General and administrative expense

14.3m22.4m17.0m

Operating expense total

16.9m25.4m19.6m

Interest expense

1.2m1.1m649.0k

Interest income

485.0k368.0k651.0k

Pre tax profit

8.0m10.5m1.7m

Income tax expense

1.3m10.5m764.0k

Net Income

6.7m8.6m926.0k

EPS

0.00.00.0

Half Year

MYRH1, 2017H1, 2018H1, 2019

Revenue

58.4m44.5m50.5m

Cost of goods sold

40.9m33.9m38.9m

Gross profit

17.6m10.6m11.6m

Gross profit Margin, %

30%24%23%

Sales and marketing expense

1.5m1.3m3.9m

General and administrative expense

11.6m8.0m10.9m

Operating expense total

13.1m9.3m14.8m

Interest expense

607.0k398.0k493.0k

Interest income

250.0k313.0k221.0k

Pre tax profit

4.1m989.0k(3.5m)

Income tax expense

1.6m377.0k(688.0k)

Net Income

2.6m612.0k(4.2m)

Furniweb Balance Sheet

Annual

MYRFY, 2016FY, 2017FY, 2018

Cash

15.4m36.4m31.6m

Accounts Receivable

16.9m15.0m14.9m

Inventories

23.9m21.5m22.1m

Current Assets

71.3m82.7m75.1m

PP&E

39.9m33.5m34.8m

Goodwill

1.2m1.2m1.2m

Total Assets

121.3m123.9m121.9m

Accounts Payable

6.1m5.6m4.4m

Short-term debt

1.7m917.0k1.1m

Current Liabilities

33.5m15.2m12.9m

Long-term debt

10.8m10.3m9.6m

Non-Current Liabilities

11.8m11.1m10.3m

Total Debt

12.5m11.2m10.7m

Common Stock

27.3m27.3m

Additional Paid-in Capital

76.0m70.3m71.4m

Total Equity

76.0m97.6m98.7m

Debt to Equity Ratio

0.2 x0.1 x0.1 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x

Financial Leverage

1.6 x1.3 x1.2 x

Half Year

MYRH1, 2018H1, 2019

Cash

32.5m23.6m

Accounts Receivable

13.6m20.9m

Inventories

21.7m30.4m

Current Assets

78.2m87.0m

PP&E

33.8m40.3m

Total Assets

78.2m228.1m

Accounts Payable

4.7m7.5m

Short-term debt

937.0k4.7m

Current Liabilities

11.6m28.5m

Long-term debt

10.0m29.8m

Non-Current Liabilities

10.8m30.5m

Total Debt

10.9m34.5m

Common Stock

27.3m30.3m

Additional Paid-in Capital

69.2m138.2m

Total Equity

96.5m169.1m

Debt to Equity Ratio

0.1 x0.2 x

Debt to Assets Ratio

0.1 x0.2 x

Financial Leverage

0.8 x1.3 x

Furniweb Cash Flow

Annual

MYRFY, 2016FY, 2017FY, 2018

Net Income

6.7m8.6m926.0k

Depreciation and Amortization

3.7m3.3m3.0m

Accounts Receivable

(1.7m)1.8m(2.1m)

Inventories

(1.8m)(2.2m)(734.0k)

Accounts Payable

4.1m1.6m(2.4m)

Cash From Operating Activities

11.8m7.2m(1.6m)

Purchases of PP&E

3.0m(2.0m)(4.8m)

Cash From Investing Activities

(7.9m)(9.1m)(2.2m)

Long-term Borrowings

(914.0k)(1.1m)(1.3m)

Dividends Paid

(3.2m)(8.5m)

Cash From Financing Activities

(5.8m)24.7m(2.0m)

Net Change in Cash

(1.9m)22.7m(5.8m)

Interest Paid

1.0m1.1m649.0k

Income Taxes Paid

1.6m2.5m1.5m

Half Year

MYRH1, 2017H1, 2018H1, 2019

Cash From Operating Activities

7.1m221.0k(3.4m)

Cash From Investing Activities

(962.0k)(507.0k)(3.5m)

Cash From Financing Activities

(8.9m)(2.8m)(861.0k)

Net Change in Cash

(2.8m)(3.1m)(7.8m)

Furniweb Ratios

MYRFY, 2016

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.6 x

Furniweb Operating Metrics

Furniweb's Customers was reported to be 600 in Sep, 2017.
FY, 2015FY, 2016Q1, 2017Sep, 2017FY, 2017FY, 2018Jul, 2019Apr, 2020

Countries

30 30 30 30 30

Customers

600

Machines Installed

450

Manufacturing Facilities

5

Manufacturing Space, sq. ft.

541.46 k

Covered Elastic Yarn Designed Production Capacity, kilograms

890 k890 k222.50 k

Covered Elastic Yarn Actual Output, kilograms

833 k782 k212.20 k

Covered Elastic Yarn Production Utilisation Rate

93.6%87.9%95.4%

Narrow Elastic Fabric Designed Production Capacity, meters

74.90 m85.49 m23.05 m

Narrow Elastic Fabric Actual Output, meters

73.37 m75.44 m17.51 m

Narrow Elastic Fabric Production Utilisation Rate

98%88.2%76%

Furniture Webbing Designed Production Capacity, meters

41.76 m41.76 m10.44 m

Furniture Webbing Actual Output, meters

30.75 m30.29 m8.33 m

Furniture Webbing Production Utilisation Rate

73.6%72.5%79.8%

Seat Belt Webbing Designed Production Capacity, meters

15.36 m15.36 m3.84 m

Seat Belt Webbing Actual Output, meters

10.91 m14.20 m4.45 m

Seat Belt Webbing Production Utilisation Rate

71%92.4%115.8%

Rubber Tape Designed Production Capacity, kilograms

769 k769 k192.25 k

Rubber Tape Actual Output, kilograms

528 k464 k143 k

Rubber Tape Production Utilisation Rate

68.7%60.3%74.4%

Metal Component for Furniture Designed Production Capacity, sets

120 k120 k30 k

Metal Component for Furniture Actual Output, sets

53 k80 k20.20 k

Metal Component for Furniture Production Utilisation Rate

44.2%66.7%67.3%