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NORTHERN NORTHERN SOLAR HOLDINGS BERHAD

0340.KL · Energy · Renewable Energy
Top 46% of scored stocks
Compare with nearby peers
OkayTop 46% of scored stocks
Weak SpotLimited Data

NORTHERN scores 52/100 on fundamentals: in the top 46% of 1120 scored Bursa Malaysia stocks. Its strongest area is Financial Safety (100/100); its weakest is Price Fairness (17/100). It carries 2 warning flags: Weak Spot, Limited Data.

Best
Financial 100
Weakest
Price 17
  • Carries a Weak Spot flag
  • Carries a Limited Data flag
Mkt capRM 447.0m#328 of 1113 in BursaEPSRM 0.04P/E29×✗ vs sector avg 18.5×P/B5.1×✗ vs sector avg 1.4×Div yieldNo dividends paidBottom 37% in Bursa52w range · 75% of range0.451.36
as of 18 Oct 2026

Nearby peers

Ranks #19 of 45 in Energy by score

#1WASCO76#17ARMADA57#18PEKAT52
#19NORTHERN52
#20SLVEST51#21SAMAIDEN51

One-Minute Summary

Why NORTHERN scores 52

A financially strong, expensively priced stock with healthy growth, but price fairness needs attention.

What looks good
What to watch

After Jun '26 results: 74 → 74See all movers →

Business Strength

88
Why 88?
Pillar score: (2 + 2 + 2 + 1) = 7 of 8 points → 88 · 1 N/A skipped
Return on Equity (ROE)18%Strong4-Year Revenue Growth+16%/yrStrong4-Year Profit Growth+15%/yrStrongNet Profit Margin13%OkayQuarterly MomentumNo dataN/A
Show 3 charts

Net Profit & Equity, with ROE

Net Profit ↑ +52.5%Equity ↑ +319.8%ROE % 17.7%
Net ProfitEquityROE %
10m11m15m15m21m68m83m87m202420252026TTM48.8%16.9%18.5%17.7%

Revenue & Net Profit, with Net Margin

Revenue ↑ +57.8%Net Profit ↑ +52.5%Net Margin % 12.5%
RevenueNet ProfitNet Margin %
78m85m113m123m10m11m15m15m202420252026TTM12.9%13.4%13.5%12.5%

Sales grew about 57.8% over 4 years: customers keep spending more with this company.

Profit climbed about 52.5% over 4 years: the business keeps more money as it grows.

Recent Quarters: Revenue & Net Profit (the last 8 quarters, scored)

Revenue ↑ +36.4%Net Profit → +2.6%Net Margin % 10.5%
RevenueNet ProfitNet Margin %
28m28m36m21m38m4m4m4m3m4mJun '25Sep '25Dec '25Mar '26Jun '2613.9%14.9%11.4%15%10.5%
▬

Sales grew about 36.4% over the last 5 quarters: customers keep spending more with this company.

Profit has moved sideways over the last 5 quarters.

Why 100?
Pillar score: (2 + 2 + 2) = 6 of 6 points → 100
Debt-to-Equity0.1×StrongCurrent Ratio2.8×StrongInterest Coverage40.2×Strong
Show 2 charts

Debt vs Equity, with D/E ratio

Total Debt ↑ +71.4%Equity ↑ +319.8%D/E 0.1×
Total DebtEquityD/E
7m13m13m12m21m68m83m87m202420252026TTM0.3×0.2×0.2×0.1×

Borrowings grew about 71.4% over 4 years: watch this; rising debt adds pressure in bad times.

Short-term assets vs bills, with Current Ratio

Current Assets ↑ +310.4%Current Liabilities ↑ +250%Current Ratio 2.8×
Current AssetsCurrent LiabilitiesCurrent Ratio
28m82m100m115m12m18m31m41m202420252026TTM2.4×4.5×3.2×2.8×
Why 25?
Pillar score: (0 + 0 + 0 + 2) = 2 of 8 points → 25
Dividend QualityNo dividends paidWeak
Payout ratio: 0%
Operating Cash FlowNegative recentlyWeakFree Cash FlowNegative recentlyWeakCash & Cash EquivalentsGrowing & covers near-term debtStrong
Show 3 charts

Operating vs Free Cash Flow

Operating CF ↓ -111.8%Free CF ↓ -1,333.3%
Operating CFFree CF
8m8m2m-1m1m5m-8m-7m202420252026TTM

Cash flow has been weak or negative recently: the business is burning cash, not building it.

Cash vs Total Debt

Cash ↑ +423.5%Short-Term Debt ↑ +550%Total Debt ↑ +71.4%
CashShort-Term DebtTotal Debt
9m51m43m45m1m3m4m4m7m13m13m12m202420252026TTM

Dividends per Share, with Yield

DPS (sen) → +0%Yield % 0%
DPS (sen)Yield %
000020222023202420250%

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

Why 17?
Pillar score: (0 + 0 + 1) = 1 of 6 points → 17
P/E Ratio29×WeakP/B Ratio5.1×WeakPEG Ratio1.9Okay
Show chart

Score vs Share Price

Score (0-100)Share price
RM 1.28RM 0.88RM 0.48100500Oct '25Feb '26Jun '26Oct '26📊📊

The share price is up about 56.9% over the past year.

What happened, and how the price moved

Why 40?
Pillar score: (2 + 0 + 2 + 0 + 0) = 4 of 10 points → 40 · 1 N/A skipped
Earnings ConsistencySteadyStrongDebt Trend (4yr)RisingWeakShare Count Trend (4yr)+0%/yrStrongInventory vs Sales (4yr)+22.7 pp/yr vs salesWeakAsset Turnover Trend (4yr)-56.4%WeakQuarterly ConsistencyNo dataN/A
Show chart

Revenue vs Inventory, with Inventory % of Revenue

Revenue ↑ +57.8%Inventory ↑ +167.5%Inv. % of Rev. 8.7%
RevenueInventoryInv. % of Rev.
78m85m113m123m4m5m13m11m202420252026TTM5.1%6.1%11.5%8.7%

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Ranks #19 of 45 in Energy by score

Sector peers

#1WASCO76#17ARMADA57#18PEKAT52
#19NORTHERN (you)52
#20SLVEST51#21SAMAIDEN51

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 RatioDiv yieldP/E RatioP/B RatioPEG Ratio
2027RM 123.1mRM 15.4mRM -0.9mRM -7.4mRM -6.4mRM 44.5mRM 12.0mRM 3.9mRM 86.9mRM 114.5mRM 41.3mRM 138.1mRM 50.7mRM 10.7m-18%13%0.1×2.8×40.2×-----
2026RM 113.0mRM 15.3mRM 2.4mRM -7.6mRM -10.0mRM 43.0mRM 12.8mRM 4.3mRM 82.9mRM 100.3mRM 31.1mRM 124.0mRM 40.6mRM 13.0m-18%14%0.2×3.2×38.0×-0%29.3×5.4×0.8
2025RM 84.9mRM 11.4mRM 8.4mRM 5.2mRM -3.2mRM 50.7mRM 12.6mRM 2.6mRM 67.6mRM 82.2mRM 18.3mRM 97.1mRM 29.0mRM 5.2mRM 0.0m17%13%0.2×4.5×22.6×44%0%22.2×3.7×0.6
2024RM 78.0mRM 10.1mRM 7.6mRM 0.6mRM -7.0mRM 8.5mRM 7.0mRM 0.6mRM 20.7mRM 27.9mRM 11.8mRM 38.1mRM 17.5mRM 4.0mRM 0.0m49%13%0.3×2.4×24.8×-----