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HENGYUAN HENGYUAN REFINING COMPANY BERHAD

4324.KL · Energy · Oil & Gas Producers
Bottom 48% of scored stocks
Compare with nearby peers
OkayBottom 48% of scored stocks
Profit SpikeRecent Loss

HENGYUAN scores 48/100 on fundamentals: in the bottom 48% of 1120 scored Bursa Malaysia stocks. Its strongest area is Financial Safety (67/100); its weakest is Price Fairness (33/100). It carries 2 warning flags: Profit Spike, Recent Loss.

Best
Financial 67
Weakest
Price 33
  • Carries a Profit Spike flag
  • Carries a Recent Loss flag
Mkt capRM 2.2b#125 of 1113 in BursaEPSRM 1.63P/E1.8×✓ vs sector avg 19.4×P/B1.1×✓ vs sector avg 1.5×Div yield2%✓ Top 35% in Bursa52w range · 76% of range0.724.68
as of 18 Oct 2026

Nearby peers

Ranks #22 of 45 in Energy by score

One-Minute Summary

Why HENGYUAN scores 48

This stock is fairly balanced overall: price fairness is its weakest area.

After Jun '26 results: 25 → 25See all movers →

Business Strength

50
Why 50?
Pillar score: (1 + 1 + 0 + 1 + 2) = 5 of 10 points → 50
Return on Equity (ROE)55%Okay4-Year Revenue Growth+4%/yrOkay4-Year Profit Growthn/m (loss-making)WeakNet Profit Margin7%OkayQuarterly Momentum+28%Strong
Show 3 charts

Net Profit & Equity, with ROE

Net Profit ↑ +349.6%Equity ↑ +59.3%ROE % 54.6%
Net ProfitEquityROE %
-489m-358m-260m1.2b1.4b1.2b1.1b2.2b202320242025TTM-34.8%-31.1%-22.7%54.6%

Revenue & Net Profit, with Net Margin

Revenue ↑ +12.6%Net Profit ↑ +349.6%Net Margin % 7%
RevenueNet ProfitNet Margin %
15.4b17.2b13.2b17.3b-489m-358m-260m1.2b202320242025TTM-3.2%-2.1%-2%7%

Sales grew about 12.6% over 4 years: customers keep spending more with this company.

The company lost money in recent years: the bars below zero are losses, not profits.

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

Revenue ↑ +31.9%Net Profit ↑ +463.7%Net Margin % 11%
RevenueNet ProfitNet Margin %
4.1b3.5b2.4b3.5b3.6b3.7b4.6b5.4b-165m6m-170m-183m21m72m526m601mSep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26-4%0.2%-7.1%-5.2%0.6%2%11.4%11%
▼▲▼▼▲▲▲▲

Sales grew about 31.9% over the last 8 quarters: customers keep spending more with this company.

The company made a loss in at least one of the last 8 quarters: the bars below zero are losses, not profits.

Why 67?
Pillar score: (1 + 1 + 2) = 4 of 6 points → 67
Debt-to-Equity0.6×OkayCurrent Ratio1.2×OkayInterest Coverage10.4×Strong
Show 2 charts

Debt vs Equity, with D/E ratio

Total Debt ↓ -29.1%Equity ↑ +59.3%D/E 0.5×
Total DebtEquityD/E
1.7b1.4b1.3b1.2b1.4b1.2b1.1b2.2b202320242025TTM1.2×1.3×1.1×0.5×

Borrowings fell about 29.1% over 4 years: the company is steadily getting safer.

Short-term assets vs bills, with Current Ratio

Current Assets ↓ -15.2%Current Liabilities ↓ -37.8%Current Ratio 1.2×
Current AssetsCurrent LiabilitiesCurrent Ratio
3.3b1.6b2.3b2.8b3.7b2.3b3.0b2.3b202320242025TTM0.9×0.7×0.8×1.2×
Why 38?
Pillar score: (0 + 1 + 2 + 0) = 3 of 8 points → 38
Dividend Quality2%Weak
Payout ratio: 5%
Operating Cash FlowPositive but bumpyOkayFree Cash FlowPositive & growingStrongCash & Cash EquivalentsShrinking & thinWeak
Show 3 charts

Operating vs Free Cash Flow

Operating CF ↑ +2,082.1%Free CF ↑ +272.9%
Operating CFFree CF
-25m134m343m498m-270m36m298m466m202320242025TTM

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

Cash vs Total Debt

Cash ↓ -19.9%Short-Term Debt ↓ -16.3%Total Debt ↓ -29.1%
CashShort-Term DebtTotal Debt
1.0b679m906m824m1.2b1.1b1.1b1.0b1.7b1.4b1.3b1.2b202320242025TTM

Dividends per Share, with Yield

DPS (sen) ↓ -100%Yield % 2.3%
DPS (sen)Yield %
8.500020222023202420252%0%0%2.3%

Dividends were cut during this period: payouts here are not guaranteed pocket money.

Why 33?
Pillar score: (1 + 1 + 0) = 2 of 6 points → 33
P/E Ratio1.8×OkayP/B Ratio1.1×OkayPEG Ration/m (growth not measurable)Weak
Show chart

Score vs Share Price

Score (0-100)Share price
RM 4.35RM 2.54RM 0.73100500Oct '25Feb '26Jun '26Oct '26📊📊📊3💰

The share price is up about 318.9% over the past year.

What happened, and how the price moved

After the last 3 results shown, the price beat the KLCI in the week of the news 1 times.

Why 50?
Pillar score: (0 + 2 + 0 + 2 + 2 + 0) = 6 of 12 points → 50
Earnings ConsistencyVery bumpyWeakDebt Trend (4yr)FallingStrongShare Count Trend (4yr)+19%/yrWeakInventory vs Sales (4yr)-15.9 pp/yr vs salesStrongAsset Turnover Trend (4yr)+33.6%StrongQuarterly ConsistencyLoss in 3 of 8 quartersWeak
Show chart

Revenue vs Inventory, with Inventory % of Revenue

Revenue ↑ +12.6%Inventory ↓ -31.6%Inv. % of Rev. 5.5%
RevenueInventoryInv. % of Rev.
15.4b17.2b13.2b17.3b1.4b400m834m951m202320242025TTM9%2.3%6.3%5.5%

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Ranks #22 of 45 in Energy 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 RatioDiv yieldP/E RatioP/B Ratio
2026RM 17.3bRM 1.2bRM 497.5mRM 466.4mRM -31.1mRM 824.0mRM 1.2bRM 1.0bRM 2.2bRM 2.8bRM 2.3bRM 4.8bRM 2.5bRM 951.2m-55%7%0.6×1.2×10.4×5%---
2025RM 13.2bRM -260.2mRM 342.7mRM 297.8mRM -44.9mRM 905.8mRM 1.3bRM 1.1bRM 1.1bRM 2.3bRM 3.0bRM 4.3bRM 3.2bRM 833.8mRM 0.0m-23%-2%1.1×0.8×-0.1×-0%-1.7×0.4×
2024RM 17.2bRM -357.6mRM 134.1mRM 35.6mRM -98.5mRM 679.1mRM 1.4bRM 1.1bRM 1.2bRM 1.6bRM 2.3bRM 3.8bRM 2.6bRM 400.0mRM 0.0m-31%-2%1.3×0.7×-1.5×-0%-2.1×0.7×
2023RM 15.4bRM -488.6mRM -25.1mRM -269.7mRM -244.6mRM 1.0bRM 1.7bRM 1.2bRM 1.4bRM 3.3bRM 3.7bRM 5.6bRM 4.2bRM 1.4bRM 0.0m-35%-3%1.2×0.9×-3.4×-0%-2.2×0.8×