Company information:
Efficient E-Solutions Berhad (EFFICIENT) was incorporated in Malaysia under the Companies Act, 1965 on 27 October 2003 as a private limited company under the name Efficient E-Solutions Sdn Bhd. Subsequently, EFFICIENT was converted into a public company and assumed its present name on 10 February 2004.
EFFICIENT and its subsidiaries are principally involved in the provision of integrated outsourcing solutions in data and document processing ("DDP") to banks, stock-broking companies, insurance companies and telecommunications operators. DDP covers services ranging from data extraction, conversion, formatting of documents to data printing and the preparation of printed documents for distribution via post. The Group also provides electronic bill presentment services, to data extraction, creation, and delivery via electronic media.
Summary of financial performance:
| Year | 2008 | 2007 | 2006 |
| Revenue(MYR) | 59500000 | 56410000 | 43010000 |
| Profit(MYR) | 15840000 | 15120000 | 12110000 |
| EPS(MYR) | 0.0241 | 0.023 | 0.0404 |
| Profit Margin | 26.6218% | 26.8038% | 28.1562% |
The latest financial report for the half of current year shows the unaudited revenue is RM33,239,000 whilst the profit is RM9,178,000,which are 12% and 8.7% higher than the figures of corresponding period in the proceeding year.The profit margin is 27.61% which indicates the company controlling the costs well and enhancing the performances of work in order to be efficient enough competing with other competitors.
The company also issued 2% of RM0.01 first interim dividend in the last quarter.I believe the company will create more benefits for the shareholders.
According to the latest audited EPS(RM0.0241) and weighted average PE(16.7) of the industry,the fair value of the share should be around RM0.40.However,up to today,the share price is understated at RM0.255.Therefore,this share has a great potential to boost and present its real value.
