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AAI ASSOCIATED AIR-PAK INDUSTRIES BERHAD

Bottom 22% of scored stocks
Compare with nearby peers
WeakBottom 22% of scored stocks
New HighWeak SpotOne-off DividendLimited Data

AAI scores 34/100 on fundamentals: in the bottom 22% of 1120 scored Bursa Malaysia stocks. Its strongest area is Risk (60/100); its weakest is Business Strength (13/100). It carries 3 warning flags: Weak Spot, One-off Dividend, Limited Data.

Best
Risk 60
Weakest
Business 13
  • Carries a Weak Spot flag
  • Carries a One-off Dividend flag
  • Carries a Limited Data flag
Mkt capRM 41.6m#956 of 1113 in BursaEPSRM 0.02P/E7.5×✓ vs sector avg 54×P/B1.2×✓ vs sector avg 1.5×Div yieldNo dividends paid✓ Top 38% in Bursa52w range · 100% of range0.000.23
as of 18 Oct 2026

Nearby peers

Ranks #242 of 317 in Industrial Products & Services by score

One-Minute Summary

Why AAI scores 34

A financially stretched, inexpensively priced stock, but business strength needs attention.

Business StrengthLowest pillar

13
Why 13?
Pillar score: (0 + 1 + 0 + 0) = 1 of 8 points → 13 · 1 N/A skipped
Return on Equity (ROE)3%Weak4-Year Revenue Growth+7%/yrOkay4-Year Profit Growth-11%/yrWeakNet Profit Margin2%WeakQuarterly MomentumNo dataN/A
Show 3 charts

Net Profit & Equity, with ROE

Net Profit ↓ -21.4%Equity ↑ +20.1%ROE % 3.1%
Net ProfitEquityROE %
1m2m1m29m35m35m2023202420254.8%4.3%3.1%

Revenue & Net Profit, with Net Margin

Revenue ↑ +14.2%Net Profit ↓ -21.4%Net Margin % 2.3%
RevenueNet ProfitNet Margin %
42m48m48m1m2m1m2023202420253.3%3.2%2.3%

Sales grew about 14.2% over 4 years: customers keep spending more with this company.

Profit fell about 21.4% from where it was 4 years ago: the boom has cooled off.

Why 17?
Pillar score: (1 + 0 + 0) = 1 of 6 points → 17
Debt-to-Equity1×OkayCurrent Ratio1×WeakInterest Coverage1.9×Weak
Show 2 charts

Debt vs Equity, with D/E ratio

Total Debt ↑ +16.8%Equity ↑ +20.1%D/E 1×
Total DebtEquityD/E
29m29m34m29m35m35m2023202420251×0.8×1×

Borrowings grew about 16.8% over 4 years: watch this; rising debt adds pressure in bad times.

Short-term assets vs bills, with Current Ratio

Current Assets ↑ +32%Current Liabilities ↑ +36%Current Ratio 1×
Current AssetsCurrent LiabilitiesCurrent Ratio
18m21m24m18m19m24m2023202420251×1.1×1×
Why 25?
Pillar score: (0 + 1 + 0 + 1) = 2 of 8 points → 25
Dividend QualityNo dividends paidWeak
Payout ratio: 23%
Operating Cash FlowPositive but bumpyOkayFree Cash FlowNegative recentlyWeakCash & Cash EquivalentsPartly healthyOkay
Show 3 charts

Operating vs Free Cash Flow

Operating CF ↓ -31.1%Free CF ↓ -152.9%
Operating CFFree CF
6m2m4m3m0m-2m202320242025

Cash keeps coming in, though unevenly: fine, but worth keeping an eye on.

Cash vs Total Debt

Cash ↑ +133.3%Short-Term Debt ↑ +48.5%Total Debt ↑ +16.8%
CashShort-Term DebtTotal Debt
1m1m1m13m16m20m29m29m34m202320242025

Dividends per Share, with Yield

DPS (sen) → +0%Yield % 1.9%
DPS (sen)Yield %
000020222023202420251.9%

Dividends per share have been maintained or raised: management shares the rewards with you.

Why 50?
Pillar score: (2 + 1 + 0) = 3 of 6 points → 50
P/E Ratio7.5×StrongP/B Ratio1.2×OkayPEG Ration/m (growth not measurable)Weak
Show chart

Share Price: Weekly Closes (not part of the score)

RM 0.23RM 0.23RM 0.22Jan '26Apr '26Jul '26Oct '26💰💰

The share price has been roughly flat since 2026.

What happened, and how the price moved

  • 24 Jul 2026Ex-dividend 0.36 sen a share1.6% yield at that priceWeek▲1.8%KLCI −1.8%Month▲1.8%KLCI −0.2%
  • 6 Mar 2026Ex-dividend 0.08 sen a share0.3% yield at that priceWeek0.0%KLCI +0.1%Month0.0%KLCI −0.2%
Why 60?
Pillar score: (2 + 0 + 2 + 1 + 1) = 6 of 10 points → 60 · 1 N/A skipped
Earnings ConsistencySteadyStrongDebt Trend (4yr)RisingWeakShare Count Trend (4yr)+0%/yrStrongInventory vs Sales (4yr)+3.5 pp/yr vs salesOkayAsset Turnover Trend (4yr)-1.6%OkayQuarterly ConsistencyNo dataN/A
Show chart

Revenue vs Inventory, with Inventory % of Revenue

Revenue ↑ +14.2%Inventory ↑ +21.2%Inv. % of Rev. 20.1%
RevenueInventoryInv. % of Rev.
42m48m48m8m9m10m20232024202519%18.1%20.1%

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Ranks #242 of 317 in Industrial Products & Services by score

Full Financial History

Every reported figure behind the score, year by year. Download it, or check it against the company's own annual report.

Financial YearRevenueNet ProfitOperating Cash FlowFree Cash FlowCapExCashTotal DebtShort-Term DebtEquityCurrent AssetsCurrent LiabilitiesTotal AssetsTotal LiabilitiesInventoryDividendsReturn on Equity (ROE)Net Profit MarginDebt-to-EquityCurrent RatioInterest CoverageDividend Payout Ratio
2025RM 48.2mRM 1.1mRM 4.2mRM -1.8mRM -6.0mRM 1.4mRM 34.1mRM 19.9mRM 35.3mRM 23.5mRM 24.2mRM 78.0mRM 42.8mRM 9.7mRM 0.0m3%2%1.0×1.0×1.9×23%
2024RM 47.5mRM 1.5mRM 2.3mRM 0.0mRM -2.4mRM 1.3mRM 29.3mRM 15.7mRM 34.5mRM 21.1mRM 18.8mRM 71.1mRM 36.7mRM 8.6mRM 0.0m4%3%0.9×1.1×2.3×33%
2023RM 42.2mRM 1.4mRM 6.1mRM 3.4mRM -2.7mRM 0.6mRM 29.2mRM 13.4mRM 29.4mRM 17.8mRM 17.8mRM 67.2mRM 37.7mRM 8.0mRM 0.0m5%3%1.0×1.0×2.2×49%