IJM Corporation Berhad

IJM Corporation Berhad

MMYX:IJM
2.70
MYR
-0.03
(-1.10%)
82.93P/E
Nov 26Next 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
1.07
1.67
1.44
1.68
1.65
1.56
1.82
1.29
1.23
1.3
1.69
1.78
1.93
2.12
Basic EPS, GAAP
0.15
0.15
0.22
0.18
0.1
0.12
0.08
0.13
0.23
0.06
0.18
0.13
0.02
0.03
Free Cash Flow per Basic Share
-0.05
-0.13
-0.03
-0.03
-0.06
-0.04
-0.32
-0.17
-0.11
-0.05
-0.07
-0.11
-0.29
-0.19
Dividend per Share
0.03
0.11
0.09
0.1
0.08
0.05
0.04
0.03
0.21
0.06
0.08
0.08
0.08
0.02
Book Value per Share
2.36
2.81
2.52
2.59
2.58
2.81
2.88
2.99
3.05
3.04
3.16
3.17
3.09
3.07
Tangible Book Value per Share
1.02
1.65
1.65
1.66
1.59
1.76
1.81
1.84
1.86
1.88
2.02
2.16
2.12
2.09
Basic Weighted Avg Shares
5,618
3,260
3,572
3,600
3,626
3,624
3,629
3,625
3,581
3,521
3,508
3,506
3,505
3,505
Sales/Revenue/Turnover
6,006
5,448
5,128
6,065
5,965
5,656
6,605
4,687
4,409
4,572
5,919
6,252
6,754
7,438
Operating Margin (%)
29.76
23.71
25.37
17.82
13.36
13.25
12.73
17.72
12.81
19.48
20.22
18.54
7.87
10.69
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
830
481
794
654
347
419
294
480
841
205
647
453
54
96
Effective Tax Rate (%)
24.05
30.05
23.73
24.08
38.1
31.99
36.61
15.43
57.55
56.19
31.01
40.93
101.01
90.97
Profit Margin (%)
13.81
8.83
15.48
10.78
5.81
7.41
4.45
10.25
19.08
4.48
10.93
7.25
0.81
1.28
Working Capital
4,806
6,883
7,450
7,221
5,259
7,102
6,578
7,454
7,796
7,034
7,088
6,863
5,287
5,714
LT Debt
3,274
4,158
4,424
4,317
3,066
4,921
4,689
5,080
4,053
3,837
3,998
4,143
4,013
4,526
Total Equity
8,950
9,576
10,236
10,571
10,518
11,384
11,634
12,188
11,461
10,961
11,319
11,331
10,984
10,904
Return on Invested Capital (%)
10.03
5.94
6.21
4.99
2.97
2.93
2.89
3.71
1.32
2.31
4.89
3.96
-0.03
0.41
Return on Capital (%)
5.43
2.57
5.19
3.95
2.5
3.07
2.28
2.54
4.84
1.84
5
3.52
0.62
1.05
Return on Common Equity (%)
13.44
6.34
9.09
7.11
3.71
4.29
2.85
4.52
7.79
1.91
5.95
4.09
0.5
0.88

Capital Structure

MYR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
3,065
2,862
2,507
LT Borrowings
3,072
3,770
4,427
LT Finance Leases
40
243
99
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,505
3,505
3,505
Market Capitalization
7,957
7,676
7,922

Working Capital

MYR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
12,516
12,513
13,420
Cash, Cash Equivalents & STI
2,798
2,119
2,975
Accounts Receivable, Net
2,362
1,927
3,031
Inventories
6,830
6,871
6,847
Total Current Liabilities
7,259
7,226
7,706
Payables & Accruals
- -
- -
- -
ST Debt
3,065
2,862
2,507
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.79%
-2%
-3.06%
Free Cash Flow
88.21%
32.99%
154.35%
Net Income, GAAP
8.73%
19.48%
-88%
Sales/Revenue/Turnover
4.01%
8.17%
8.03%
Total Cash Common Dividend
46.69%
110.23%
-0.03%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,404
1,516
1,540
1,792
6,252
2026
1,733
1,674
1,605
1,866
6,754
2027
2,292
- -
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.03
0.02
0.04
0.04
0.13
2026
0.03
0.02
0.01
-0.05
0.02
2027
0.04
- -
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
0.02
- -
0.08
2026
- -
- -
- -
0.02
0.08
2027
- -
- -
- -
- -
- -

Company Description

CEO
Chun Fai Lee
Full Time Employees
3,600
Sector
Industrial services
Industry
Engineering & construction
Address
Wisma IJM Petaling Jaya SE Malaysia 46050
IPO Date
Sep 29, 1986
Website
ijm.com
Business
IJM Corporation Berhad is a leading Malaysian conglomerate primarily engaged in construction, property development, industry, and infrastructure concession businesses. The company manufactures essential construction materials including high-performance pretensioned spun high strength concrete piles, ready-mixed concrete, prestressing steel bars under the brand Ubon, and scaffolding systems through its subsidiaries. IJM also operates in quarrying and premix product manufacturing, as well as property development featuring various residential and commercial projects. The company’s construction services span civil engineering, infrastructure, industrial, and data center projects, supported by a strong order book and extensive project execution capabilities. IJM’s geographic operations cover Malaysia and international markets including the United Kingdom, China, India, and Pakistan. Founded in 1983, the company is headquartered in Selangor, Malaysia. Recent major developments include strategic business growth with a 50 percent acquisition of the JRL Group that expands IJM’s construction footprint and capabilities in the UK. The company secured a landmark RM2.1 billion data centre contract, its largest to date, signaling strengthened market confidence in its delivery and execution in digital infrastructure projects. IJM reported a 16.7 percent year-on-year revenue growth in the first half of FY2026 driven by its Construction and Industry divisions, with a record outstanding order book of RM14.4 billion. Its Property division maintains steady unbilled sales of RM1.59 billion, continuing to deliver products aligned with evolving market demands. IJM also advances automation and sustainability initiatives in logistics and warehouse facilities, exemplified by the Exio Logistics Hub featuring AI-powered storage systems aiming for green building certification. Despite a lower net profit in FY2025 due to foreign exchange losses and infrastructure segment challenges, the company’s core operations and growth prospects remain robust, supported by national infrastructure investment priorities and strategic expansions. IJM’s business segments cater to both public and private sector clients, with focus areas including construction of highways, industrial plants, data centers, residential and commercial properties, and supply of construction materials. The company’s subsidiaries, such as Industrial Concrete Products, Durabon, and Scaffold Master, reinforce its market leadership in related industries. IJM's comprehensive service offerings and diversified business model position it well for continued growth domestically and internationally. It serves a broad customer base including government infrastructure projects, industrial developers, property buyers, and construction firms. This conglomerate is publicly listed on Bursa Malaysia with ticker 3336.KL and maintains steady shareholder returns with dividend payments, although the company recently reported some dividend sustainability concerns amidst earnings volatility. It employs approximately 3,500 people and manages total assets valued in the billions of ringgit. IJM’s strategic vision focuses on leveraging growth in construction and industry sectors, supported by its healthy order book, operational efficiencies, and expansion into digital infrastructure and logistics automation. In summary, IJM Corporation Berhad is a diversified infrastructure and construction conglomerate offering construction services, property development, industrial products, and infrastructure concessions. It continues to pursue growth through acquisitions, large-scale project awards, and operational enhancements, with significant presence in Malaysia and international markets including the UK, serving various industrial and commercial sectors.