Hartalega Holdings Bhd.

Hartalega Holdings Bhd.

1.15
MYR
+0.09
(+8.49%)
21.04P/E
Nov 10Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.37
0.37
0.46
0.55
0.73
0.85
0.87
1.96
2.31
0.71
0.54
0.76
0.63
0.64
Basic EPS, GAAP
0.08
0.07
0.08
0.09
0.13
0.14
0.13
0.84
0.95
-0.07
- -
0.02
0.03
0.05
Free Cash Flow per Basic Share
0.02
-0.07
-0.06
0.03
0.04
0.06
0.12
0.8
0.84
-0.1
-0.07
-0.02
0.06
0.05
Dividend per Share
0.04
0.03
0.04
0.04
0.06
0.09
0.07
0.18
0.87
0.07
- -
0.12
- -
0.02
Book Value per Share
0.32
0.4
0.46
0.51
0.6
0.67
0.75
1.45
1.5
1.36
1.36
1.27
1.3
1.3
Tangible Book Value per Share
0.31
0.39
0.45
0.51
0.6
0.67
0.74
1.44
1.49
1.35
1.35
1.26
1.29
1.29
Basic Weighted Avg Shares
2,967
3,112
3,280
3,283
3,306
3,325
3,366
3,417
3,418
3,417
3,415
3,413
3,407
3,410
Sales/Revenue/Turnover
1,107
1,146
1,498
1,822
2,406
2,827
2,924
6,703
7,888
2,410
1,838
2,586
2,135
2,188
Operating Margin (%)
27.93
24.17
21.17
19.21
22.21
19.86
19.36
56.98
58.84
-8.58
2.51
1.93
5.49
8.84
Depreciation Expense
45
46
71
71
88
104
125
138
152
163
132
151
164
165
Net Income, GAAP
233
210
257
283
439
455
434
2,886
3,234
-235
13
75
103
160
Effective Tax Rate (%)
24.49
24.08
18.66
18.82
16.49
17.41
21.79
23.85
30.08
- -
48.56
- -
12.91
17.32
Profit Margin (%)
21.03
18.3
17.18
15.53
18.25
16.1
14.83
43.04
41
-9.76
0.68
2.88
4.82
7.33
Working Capital
310
261
348
329
453
486
681
2,998
2,381
2,006
1,895
1,484
1,624
1,671
LT Debt
2
- -
206
163
122
195
191
252
140
64
7
1
9
8
Total Equity
944
1,271
1,504
1,685
1,997
2,259
2,543
4,999
5,145
4,658
4,644
4,319
4,417
4,424
Return on Invested Capital (%)
26.66
18.71
16.98
15.14
20.68
18.85
16.3
69.83
57.83
- -
0.5
- -
2.33
3.64
Return on Capital (%)
26.96
18.81
16.99
15.13
20.65
18.88
16.27
70.33
60.18
- -
0.19
- -
2.39
3.68
Return on Common Equity (%)
27.29
18.97
18.58
17.78
23.88
21.42
18.08
76.8
64.07
-4.82
0.27
1.66
2.36
3.66

Capital Structure

MYR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
2
1
2
LT Borrowings
7
8
7
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,407
3,407
3,407
Market Capitalization
3,373
3,919
3,373

Working Capital

MYR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
1,808
1,913
1,957
Cash, Cash Equivalents & STI
1,059
1,144
1,127
Accounts Receivable, Net
295
274
234
Inventories
296
327
465
Total Current Liabilities
225
289
286
Payables & Accruals
- -
- -
- -
ST Debt
2
1
2
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.12%
-2.32%
2.26%
Free Cash Flow
6.28%
-110.26%
-345.63%
Net Income, GAAP
96.34%
66.8%
38.2%
Sales/Revenue/Turnover
15.16%
-10.45%
-17.41%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
584
652
738
612
2,586
2026
553
540
527
515
2,135
2027
606
- -
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.01
- -
0.01
- -
0.02
2026
- -
0.01
0.01
0.01
0.03
2027
0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.12
2026
- -
- -
- -
- -
- -
2027
0.02
- -
- -
- -
- -

Company Description

CEO
Mun Leong Kuan
Full Time Employees
5,962
Sector
Producer manufacturing
Industry
Miscellaneous manufacturing
Address
C-G-9, Jalan Dataran SD1 Kuala Lumpur WP Malaysia 52200
IPO Date
Apr 17, 2008
Business
Hartalega Holdings Berhad Hartalega Holdings Berhad (5168.KL), an investment holding company founded in 1988 and headquartered in Kuala Lumpur, Malaysia, manufactures, retails and wholesales nitrile, latex, polychloroprene and polyisoprene gloves through subsidiaries including Hartalega Sdn Bhd, Hartalega NGC Sdn Bhd and Hartalega Research Sdn Bhd; the company offers core products such as standard nitrile examination gloves (3.2g), high-stress-relaxation nitrile surgical gloves, COATS® colloidal oatmeal coated gloves, BDG™ biodegradable gloves, AMG™ antimicrobial gloves, powder-free latex examination gloves and Goodpac™ smart packing systems for single-glove dispensing, serving healthcare, dental, food, industrial, veterinary, tattoo, life sciences, spa, beauty salon, laboratory, semiconductor, consumer electronics, automotive maintenance and spray painting markets. Hartalega Holdings Berhad exports to over 70 countries across five continents via its MUN Global distribution arm, with key geographic segments in North America (57% of sales), Europe (21%), Asia, Australia, Malaysia, South America and the Middle East; it operates eight advanced plants at the Next Generation Complex (NGC) in Sepang, featuring 92 production lines with an installed capacity of 37 billion pieces annually, two cogeneration power plants generating up to 65 MW, robotic stripping systems, AI vision systems and a digital manufacturing control room. The company pursues innovation through R&D in automation, sustainability and product diversification, holding certifications including ISO 9001:2015, ISO 13485:2016, ISO 14001:2015, ISO 45001:2018 and FDA 510(k), while employing 7,559 staff and maintaining a net cash position of RM919 million. In FY2025 (ended March 31, 2025), Hartalega Holdings Berhad achieved revenue of RM2.6 billion (up 41% year-over-year), operating profit of RM53 million, profit after tax of RM74 million and capacity utilization of 80% at NGC following the Bestari Jaya facility decommissioning; it commissioned Plant 8 at the NGC 1.5 expansion, invested RM193 million in capex for automation and digitalization including AI integration, completed its first critically reviewed life cycle assessments for three products under ISO 14040/14044, and completed its inaugural strategic acquisition of a 70% stake in Medico Sdn Bhd (RM7 million) to diversify into healthcare product distribution, complementing MUN Global's portfolio and expanding into government hospitals.