Sarawak Oil Palms Bhd.

Sarawak Oil Palms Bhd.

MMYX:SOP
5.15
MYR
-0.03
(-0.58%)
9.03P/E
Dec 02Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.47
4.13
5.27
6.25
5.74
4.21
3.47
3.24
5.17
6.05
5.76
5.97
6.35
6.49
Basic EPS, GAAP
0.13
0.17
0.13
0.19
0.27
0.07
0.1
0.24
0.59
0.55
0.34
0.5
0.5
0.51
Free Cash Flow per Basic Share
0.07
-0.08
-0.27
0.28
-0.22
0.33
0.37
0.35
0.36
0.71
0.25
0.45
0.29
0.31
Dividend per Share
0.03
0.03
0.03
0.03
0.03
0.04
0.03
0.03
0.07
0.08
0.06
0.17
0.16
0.12
Book Value per Share
1.77
1.91
2.01
2.21
2.46
2.5
2.57
2.78
3.27
3.7
3.95
4.27
4.6
4.75
Tangible Book Value per Share
1.76
1.89
1.99
2.01
2.26
2.3
2.37
2.57
3.07
3.51
3.75
4.08
4.4
4.55
Basic Weighted Avg Shares
694
697
697
707
856
856
856
856
857
878
890
892
894
897
Sales/Revenue/Turnover
1,711
2,875
3,671
4,416
4,913
3,604
2,972
2,779
4,431
5,308
5,124
5,318
5,680
5,822
Operating Margin (%)
9.18
6
3.76
4.38
7.07
2.75
5.33
11.68
15.45
11.62
7.08
10.79
10.05
10.99
Depreciation Expense
82
94
108
107
141
142
150
150
169
174
179
182
164
169
Net Income, GAAP
92
115
88
132
233
63
89
204
510
480
301
446
447
459
Effective Tax Rate (%)
27.93
22.94
25.74
27.39
28.22
37.7
30.25
27.15
24.05
24.6
25.28
24.38
28.76
29.22
Profit Margin (%)
5.36
4.01
2.41
2.99
4.74
1.73
3.01
7.35
11.51
9.04
5.87
8.39
7.87
7.88
Working Capital
253
239
222
-248
522
518
613
788
1,077
1,585
1,637
1,935
2,164
2,280
LT Debt
515
477
402
278
797
757
803
716
522
447
224
220
156
156
Total Equity
1,326
1,429
1,500
1,991
2,214
2,251
2,315
2,503
2,939
3,447
3,672
3,986
4,330
4,537
Return on Invested Capital (%)
5.28
5.89
4.13
4.85
7.32
1.73
3.12
6.58
13.69
11.35
6.19
9.59
8.56
9.14
Return on Capital (%)
4.82
6
4.6
5.22
7.48
2.68
3.54
6.11
13.3
11.68
7.16
9.82
9.28
9.17
Return on Common Equity (%)
7.07
9.01
6.47
8.02
11.65
2.94
4.12
8.91
19.68
15.73
8.84
12.18
11.26
11.05

Capital Structure

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
468
446
456
LT Borrowings
156
156
156
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
898
899
909
Market Capitalization
3,376
4,227
4,200

Working Capital

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,967
3,049
3,200
Cash, Cash Equivalents & STI
1,829
1,959
2,027
Accounts Receivable, Net
390
457
336
Inventories
651
613
814
Total Current Liabilities
804
837
920
Payables & Accruals
- -
- -
- -
ST Debt
468
446
456
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.5%
11.68%
8.63%
Free Cash Flow
-55.33%
17.05%
-34.03%
Net Income, GAAP
37.9%
31.04%
0.18%
Sales/Revenue/Turnover
6.73%
17.28%
6.81%
Total Cash Common Dividend
31.13%
55.66%
-5.5%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,325
1,140
1,382
1,472
5,318
2025
1,442
1,307
1,335
1,584
5,680
2026
1,444
1,458
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.12
0.14
0.16
0.5
2025
0.13
0.1
0.12
0.15
0.5
2026
0.07
0.17
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
- -
0.06
0.07
0.17
2025
- -
- -
- -
0.12
0.16
2026
- -
- -
- -
- -
- -

Company Description

CEO
Hee Kwong Wong
Full Time Employees
10,068
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
No. 124-126, Jalan Bendahara Miri SA Malaysia 98007
IPO Date
Aug 16, 1991
Website
sop.com.my
Business
Sarawak Oil Palms Berhad, operating as an investment holding company, centers its activities on the cultivation, processing, refining, and global distribution of palm products, alongside managing palm oil mills primarily within Malaysia, with a presence across the Asia Pacific region. The company operates through its principal segments: Oil Palms and Property Development. Its primary agricultural efforts involve growing oil palms and transforming fresh fruit bunches into crude palm oil and palm kernels at its milling facilities. As of December 2024, the group managed a vast land area of approximately 123,016 hectares in Sarawak, with 83,916 hectares planted with oil palms. Beyond its upstream operations, the company engages in extensive downstream processing. This includes refining crude palm oil and crushing palm kernels to produce a diverse range of items such as refined, bleached, and deodorized (RBD) palm oil, RBD olein, RBD stearin, and palm fatty acid distillates. From palm kernels, it yields palm kernel expellers and crude palm kernel oil. The product portfolio extends to various branded edible oils like MERRIS and SARACO, specialty frying and bakery fats, and a line of nutraceutical and cosmeceutical products featuring tocotrienols and palm beta-carotene. The company also offers a suite of complementary services, encompassing insurance, transportation, and corporate support. It is involved in developing residential and commercial properties, converting oil palm by-products into fertilizers, and the packaging and distribution of cooking oils. Further diversifications include manufacturing biodiesel and phytonutrient products, managing roads and barges, and providing physiotherapy and training services, alongside health and medical activities. Sarawak Oil Palms Berhad, established in 1968, maintains its corporate headquarters in Miri, Malaysia. The company has recently emphasized maximizing yields from its current plantations, with a target production growth of 5% in 2025, and is committed to achieving 100% traceability to the plantation level by the same year.