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TROP TROPICANA CORPORATION BERHAD

5401.KL · Property · Property
Bottom 16% of scored stocks
Compare with nearby peers
WeakBottom 16% of scored stocks
ShariahWeak SpotRecent Loss

TROP scores 30/100 on fundamentals: in the bottom 16% of 1120 scored Bursa Malaysia stocks. Its strongest area is Risk (50/100); its weakest is Cash & Dividends (13/100). It carries 2 warning flags: Weak Spot, Recent Loss.

Best
Risk 50
Weakest
Cash 13
  • Carries a Weak Spot flag
  • Carries a Recent Loss flag
Mkt capRM 2.9b#106 of 1113 in BursaEPSRM -0.07P/En/m (loss-making)✓ vs sector avg 28.6×P/B0.7×✗ vs sector avg 0.6×Div yieldNo dividends paidBottom 14% in Bursa52w range · 64% of range0.991.32
as of 18 Oct 2026

Nearby peers

Ranks #84 of 99 in Property by score

One-Minute Summary

Why TROP scores 30

A financially stretched, expensively priced stock, but cash & dividends needs attention.

After Jun '26 results: 30 → 30See all movers →

Business Strength

20
Why 20?
Pillar score: (0 + 2 + 0 + 0 + 0) = 2 of 10 points → 20
Return on Equity (ROE)-3%Weak4-Year Revenue Growth+12%/yrStrong4-Year Profit Growthn/m (loss-making)WeakNet Profit Marginn/m (loss-making)WeakQuarterly Momentumn/m (loss-making)Weak
Show 3 charts

Net Profit & Equity, with ROE

Net Profit ↑ +4.6%Equity ↓ -13.5%ROE % -2.9%
Net ProfitEquityROE %
-130m-164m-83m-124m5.0b4.6b4.4b4.3b202320242025TTM-2.6%-3.6%-1.9%-2.9%

Revenue & Net Profit, with Net Margin

Revenue ↑ +39%Net Profit ↑ +4.6%Net Margin % -6%
RevenueNet ProfitNet Margin %
1.5b1.4b1.5b2.1b-130m-164m-83m-124m202320242025TTM-8.7%-11.7%-5.5%-6%

Sales grew about 39% 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 ↑ +321.4%Net Profit ↑ +98.7%Net Margin % -0.7%
RevenueNet ProfitNet Margin %
202m521m260m330m422m479m314m851m-444m235m10m10m-56m-47m-14m-6mSep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26-219.8%45.2%3.8%3%-13.3%-9.8%-4.6%-0.7%
▼▲▲▼▼▼▼▼

Sales grew about 321.4% 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 33?
Pillar score: (1 + 1 + 0) = 2 of 6 points → 33
Debt-to-Equity0.6×OkayCurrent Ratio1.3×OkayInterest Coverage0.9×Weak
Show 2 charts

Debt vs Equity, with D/E ratio

Total Debt ↓ -16.4%Equity ↓ -13.5%D/E 0.6×
Total DebtEquityD/E
3.2b2.3b2.8b2.6b5.0b4.6b4.4b4.3b202320242025TTM0.6×0.5×0.6×0.6×

Borrowings fell about 16.4% over 4 years: the company is steadily getting safer.

Short-term assets vs bills, with Current Ratio

Current Assets ↑ +25.6%Current Liabilities ↓ -9%Current Ratio 1.3×
Current AssetsCurrent LiabilitiesCurrent Ratio
2.9b3.9b4.2b3.7b3.2b3.0b3.0b2.9b202320242025TTM0.9×1.3×1.4×1.3×
Why 13?
Pillar score: (0 + 0 + 0 + 1) = 1 of 8 points → 13
Dividend QualityNo dividends paidWeak
Payout ratio: -0%
Operating Cash FlowNegative recentlyWeakFree Cash FlowNegative recentlyWeakCash & Cash EquivalentsPartly healthyOkay
Show 3 charts

Operating vs Free Cash Flow

Operating CF ↓ -123.3%Free CF ↓ -144.5%
Operating CFFree CF
136m34m-453m-32m96m22m-465m-43m202320242025TTM

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

Cash vs Total Debt

Cash ↑ +192.5%Short-Term Debt ↓ -27.5%Total Debt ↓ -16.4%
CashShort-Term DebtTotal Debt
251m666m400m735m1.4b1.3b1.1b981m3.2b2.3b2.8b2.6b202320242025TTM

Dividends per Share, with Yield

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

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

Why 33?
Pillar score: (0 + 2 + 0) = 2 of 6 points → 33
P/E Ration/m (loss-making)WeakP/B Ratio0.7×StrongPEG Ration/m (growth not measurable)Weak
Show chart

Score vs Share Price

Score (0-100)Share price
RM 1.28RM 1.17RM 1.05100500Oct '25Feb '26Jun '26Oct '26📊📊📊📊

The share price has been roughly flat over the past year.

What happened, and how the price moved

After the last 4 results shown, the price beat the KLCI in the week of the news 3 times.

Why 50?
Pillar score: (0 + 2 + 2 + 0 + 2 + 0) = 6 of 12 points → 50
Earnings ConsistencyVery bumpyWeakDebt Trend (4yr)FallingStrongShare Count Trend (4yr)+2%/yrStrongInventory vs Sales (4yr)+25.4 pp/yr vs salesWeakAsset Turnover Trend (4yr)+57%StrongQuarterly ConsistencyLoss in 5 of 8 quartersWeak
Show chart

Revenue vs Inventory, with Inventory % of Revenue

Revenue ↑ +39%Inventory ↑ +156.9%Inv. % of Rev. 74.2%
RevenueInventoryInv. % of Rev.
1.5b1.4b1.5b2.1b599m1.8b1.8b1.5b202320242025TTM40.1%128.7%121.3%74.2%

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Ranks #84 of 99 in Property 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 2.1bRM -123.6mRM -31.7mRM -42.7mRM -11.0mRM 735.1mRM 2.6bRM 980.7mRM 4.3bRM 3.7bRM 2.9bRM 10.6bRM 5.6bRM 1.5b--3%-6%0.6×1.3×0.9×----
2025RM 1.5bRM -83.3mRM -453.2mRM -464.7mRM -11.5mRM 399.7mRM 2.8bRM 1.1bRM 4.4bRM 4.2bRM 3.0bRM 10.7bRM 5.6bRM 1.8bRM 0.0m-2%-6%0.6×1.4×0.9×-0%-34.2×0.6×
2024RM 1.4bRM -164.4mRM 33.6mRM 21.9mRM -11.7mRM 666.0mRM 2.3bRM 1.3bRM 4.6bRM 3.9bRM 3.0bRM 10.5bRM 5.1bRM 1.8bRM 0.0m-4%-12%0.5×1.3×0.3×-28%0%-19.4×0.7×
2023RM 1.5bRM -129.6mRM 136.2mRM 96.0mRM -40.2mRM 251.3mRM 3.2bRM 1.4bRM 5.0bRM 2.9bRM 3.2bRM 12.0bRM 6.2bRM 598.9mRM 0.0m-3%-9%0.6×0.9×0.5×-34%0%-22.7×0.6×