Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
KENERGY
Physical assets are 21.2% of total assets, a light footprint. Capex is 0.97x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets. ROIC is 27.3%, above an 8% cost-of-capital hurdle.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 4.53x.
Physical asset ratio
21.2%Physical asset ratio · 2025-10-31(Net PP&E + inventory) / total assetsNet PP&EMYR 29.97MpropertyPlantAndEquipmentNetInventoryMYR 2.54MinventoryTotal assetsMYR 153.58MtotalAssetsResult 21.2%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
4.53xFixed asset turnover · 2025-10-31Revenue / net PP&ERevenueMYR 135.79MtotalRevenueNet PP&EMYR 29.97MpropertyPlantAndEquipmentNetResult 4.53x
Revenue per dollar of the physical asset base.
Capex / D&A
0.97xCapex / D&A · 2025-10-31Capital expenditures / depreciation and amortizationCapexMYR 4.72McapitalExpendituresD&AMYR 4.85MreconciledDepreciationResult 0.97x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
MYR 0.20Tangible book / share · 2025-10-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 153.58MtotalAssetsGoodwillMYR 0.00Not reported, treated as 0IntangiblesMYR 0.00Not reported, treated as 0LiabilitiesMYR 41.38MtotalLiabTangible bookMYR 112.20MShares550,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result MYR 0.20
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice—Latest quoteTangible book / shareMYR 0.202025-10-31A live quote was not available, so price / tangible book could not be calculated.Result —
Quote unavailable.
Fixed-charge coverage
5.35xFixed-charge coverage · 2025-10-31(EBITDA − capex) / (interest + short-term debt)EBITDAMYR 35.75MebitdaCapexMYR 4.72McapitalExpendituresInterestMYR 220.55KinterestExpenseShort-term debtMYR 5.58MshortLongTermDebtEBITDA − capexMYR 31.03MPrincipal due is the current portion of debt.Result 5.35x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-6.0%Free cash flow yield · 2025-10-31Latest free cash flow / current market capFree cash flow-MYR 10.76MfreeCashFlowMarket capMYR 178.75MMarketCapitalizationResult -6.0%
Latest free cash flow divided by current market cap (MYR 178.75M).
ROIC
27.3%ROIC · 2025-10-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeMYR 28.46MoperatingIncomeTax expenseMYR 8.42MtaxProvisionPretax incomeMYR 30.68MincomeBeforeTaxTax rate27.4%EquityMYR 110.26MtotalStockholderEquityDebtMYR 6.95MlongTermDebt + shortLongTermDebtCashMYR 41.59McashInvested capitalMYR 75.61MResult 27.3%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.95x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2021 | 17.4%Physical asset ratio · 2021-10-31(Net PP&E + inventory) / total assetsNet PP&EMYR 8.98MpropertyPlantAndEquipmentNetInventoryMYR 2.31MinventoryTotal assetsMYR 64.82MtotalAssetsResult 17.4% | 7.13xFixed asset turnover · 2021-10-31Revenue / net PP&ERevenueMYR 64.04MtotalRevenueNet PP&EMYR 8.98MpropertyPlantAndEquipmentNetResult 7.13x | 2.05xCapex / D&A · 2021-10-31Capital expenditures / depreciation and amortizationCapexMYR 2.48McapitalExpendituresD&AMYR 1.21MreconciledDepreciationResult 2.05x | MYR 0.07Tangible book / share · 2021-10-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 64.82MtotalAssetsGoodwillMYR 0.00Not reported, treated as 0IntangiblesMYR 0.00Not reported, treated as 0LiabilitiesMYR 25.91MtotalLiabTangible bookMYR 38.91MShares550,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result MYR 0.07 | 2.31xFixed-charge coverage · 2021-10-31(EBITDA − capex) / (interest + short-term debt)EBITDAMYR 9.35MOperating income + D&ACapexMYR 2.48McapitalExpendituresInterestMYR 84.00KinterestExpenseShort-term debtMYR 2.89MshortLongTermDebtEBITDA − capexMYR 6.87MEBITDA is operating income plus D&A because the income statement did not report EBITDA.Principal due is the current portion of debt.Result 2.31x | MYR 7.13MFree cash flow · 2021-10-31Reported free cash flowOperating cash flowMYR 9.62MtotalCashFromOperatingActivitiesCapexMYR 2.48McapitalExpendituresFree cash flowMYR 7.13MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result MYR 7.13M | 51.2%ROIC · 2021-10-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeMYR 8.15MoperatingIncomeTax expenseMYR 2.05MtaxProvisionPretax incomeMYR 8.94MincomeBeforeTaxTax rate23.0%EquityMYR 38.91MtotalStockholderEquityDebtMYR 3.34MlongTermDebt + shortLongTermDebtCashMYR 29.99McashInvested capitalMYR 12.26MResult 51.2% | 0.91xEBIT / PP&E · 2021-10-31Operating income / net PP&EOperating incomeMYR 8.15MoperatingIncomeNet PP&EMYR 8.98MpropertyPlantAndEquipmentNetResult 0.91x |
| 2022 | 19.8%Physical asset ratio · 2022-10-31(Net PP&E + inventory) / total assetsNet PP&EMYR 21.83MpropertyPlantAndEquipmentNetInventoryMYR 2.34MinventoryTotal assetsMYR 121.79MtotalAssetsResult 19.8% | 6.37xFixed asset turnover · 2022-10-31Revenue / net PP&ERevenueMYR 139.18MtotalRevenueNet PP&EMYR 21.83MpropertyPlantAndEquipmentNetResult 6.37x | 2.00xCapex / D&A · 2022-10-31Capital expenditures / depreciation and amortizationCapexMYR 3.61McapitalExpendituresD&AMYR 1.81MreconciledDepreciationResult 2.00x | MYR 0.08Tangible book / share · 2022-10-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 121.79MtotalAssetsGoodwillMYR 0.00Not reported, treated as 0IntangiblesMYR 0.00Not reported, treated as 0LiabilitiesMYR 76.66MtotalLiabTangible bookMYR 45.13MShares550,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result MYR 0.08 | 3.24xFixed-charge coverage · 2022-10-31(EBITDA − capex) / (interest + short-term debt)EBITDAMYR 20.60MebitdaCapexMYR 3.61McapitalExpendituresInterestMYR 222.00KinterestExpenseShort-term debtMYR 5.02MshortLongTermDebtEBITDA − capexMYR 16.99MPrincipal due is the current portion of debt.Result 3.24x | MYR 12.16MFree cash flow · 2022-10-31Reported free cash flowOperating cash flowMYR 15.78MtotalCashFromOperatingActivitiesCapexMYR 3.61McapitalExpendituresFree cash flowMYR 12.16MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result MYR 12.16M | 93.4%ROIC · 2022-10-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeMYR 18.47MoperatingIncomeTax expenseMYR 4.34MtaxProvisionPretax incomeMYR 18.57MincomeBeforeTaxTax rate23.4%EquityMYR 45.13MtotalStockholderEquityDebtMYR 11.35MlongTermDebt + shortLongTermDebtCashMYR 41.33McashInvested capitalMYR 15.15MResult 93.4% | 0.85xEBIT / PP&E · 2022-10-31Operating income / net PP&EOperating incomeMYR 18.47MoperatingIncomeNet PP&EMYR 21.83MpropertyPlantAndEquipmentNetResult 0.85x |
| 2023 | 23.0%Physical asset ratio · 2023-10-31(Net PP&E + inventory) / total assetsNet PP&EMYR 22.34MpropertyPlantAndEquipmentNetInventoryMYR 2.45MinventoryTotal assetsMYR 107.79MtotalAssetsResult 23.0% | 4.40xFixed asset turnover · 2023-10-31Revenue / net PP&ERevenueMYR 98.38MtotalRevenueNet PP&EMYR 22.34MpropertyPlantAndEquipmentNetResult 4.40x | 1.22xCapex / D&A · 2023-10-31Capital expenditures / depreciation and amortizationCapexMYR 3.57McapitalExpendituresD&AMYR 2.92MreconciledDepreciationResult 1.22x | MYR 0.10Tangible book / share · 2023-10-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 107.79MtotalAssetsGoodwillMYR 0.00Not reported, treated as 0IntangiblesMYR 0.00Not reported, treated as 0LiabilitiesMYR 54.36MtotalLiabTangible bookMYR 53.43MShares550,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result MYR 0.10 | 4.43xFixed-charge coverage · 2023-10-31(EBITDA − capex) / (interest + short-term debt)EBITDAMYR 22.28MebitdaCapexMYR 3.57McapitalExpendituresInterestMYR 448.99KinterestExpenseShort-term debtMYR 3.78MshortLongTermDebtEBITDA − capexMYR 18.72MPrincipal due is the current portion of debt.Result 4.43x | MYR 16.37MFree cash flow · 2023-10-31Reported free cash flowOperating cash flowMYR 19.94MtotalCashFromOperatingActivitiesCapexMYR 3.57McapitalExpendituresFree cash flowMYR 16.37MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result MYR 16.37M | 64.4%ROIC · 2023-10-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeMYR 16.48MoperatingIncomeTax expenseMYR 5.62MtaxProvisionPretax incomeMYR 18.92MincomeBeforeTaxTax rate29.7%EquityMYR 53.43MtotalStockholderEquityDebtMYR 9.30MlongTermDebt + shortLongTermDebtCashMYR 44.75McashInvested capitalMYR 17.98MResult 64.4% | 0.74xEBIT / PP&E · 2023-10-31Operating income / net PP&EOperating incomeMYR 16.48MoperatingIncomeNet PP&EMYR 22.34MpropertyPlantAndEquipmentNetResult 0.74x |
| 2024 | 17.2%Physical asset ratio · 2024-10-31(Net PP&E + inventory) / total assetsNet PP&EMYR 20.21MpropertyPlantAndEquipmentNetInventoryMYR 1.75MinventoryTotal assetsMYR 127.56MtotalAssetsResult 17.2% | 5.60xFixed asset turnover · 2024-10-31Revenue / net PP&ERevenueMYR 113.12MtotalRevenueNet PP&EMYR 20.21MpropertyPlantAndEquipmentNetResult 5.60x | 0.45xCapex / D&A · 2024-10-31Capital expenditures / depreciation and amortizationCapexMYR 1.46McapitalExpendituresD&AMYR 3.29MreconciledDepreciationResult 0.45x | MYR 0.17Tangible book / share · 2024-10-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 127.56MtotalAssetsGoodwillMYR 0.00Not reported, treated as 0IntangiblesMYR 0.00Not reported, treated as 0LiabilitiesMYR 32.90MtotalLiabTangible bookMYR 94.66MShares550,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result MYR 0.17 | 21.21xFixed-charge coverage · 2024-10-31(EBITDA − capex) / (interest + short-term debt)EBITDAMYR 30.15MebitdaCapexMYR 1.46McapitalExpendituresInterestMYR 352.21KinterestExpenseShort-term debtMYR 1.00MshortLongTermDebtEBITDA − capexMYR 28.68MPrincipal due is the current portion of debt.Result 21.21x | -MYR 756.00KFree cash flow · 2024-10-31Reported free cash flowOperating cash flowMYR 708.00KtotalCashFromOperatingActivitiesCapexMYR 1.46McapitalExpendituresFree cash flow-MYR 756.00KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -MYR 756.00K | 44.7%ROIC · 2024-10-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeMYR 25.24MoperatingIncomeTax expenseMYR 8.50MtaxProvisionPretax incomeMYR 26.51MincomeBeforeTaxTax rate32.1%EquityMYR 94.66MtotalStockholderEquityDebtMYR 1.00MlongTermDebt + shortLongTermDebtCashMYR 57.34McashInvested capitalMYR 38.32MResult 44.7% | 1.25xEBIT / PP&E · 2024-10-31Operating income / net PP&EOperating incomeMYR 25.24MoperatingIncomeNet PP&EMYR 20.21MpropertyPlantAndEquipmentNetResult 1.25x |
| 2025 | 21.2%Physical asset ratio · 2025-10-31(Net PP&E + inventory) / total assetsNet PP&EMYR 29.97MpropertyPlantAndEquipmentNetInventoryMYR 2.54MinventoryTotal assetsMYR 153.58MtotalAssetsResult 21.2% | 4.53xFixed asset turnover · 2025-10-31Revenue / net PP&ERevenueMYR 135.79MtotalRevenueNet PP&EMYR 29.97MpropertyPlantAndEquipmentNetResult 4.53x | 0.97xCapex / D&A · 2025-10-31Capital expenditures / depreciation and amortizationCapexMYR 4.72McapitalExpendituresD&AMYR 4.85MreconciledDepreciationResult 0.97x | MYR 0.20Tangible book / share · 2025-10-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 153.58MtotalAssetsGoodwillMYR 0.00Not reported, treated as 0IntangiblesMYR 0.00Not reported, treated as 0LiabilitiesMYR 41.38MtotalLiabTangible bookMYR 112.20MShares550,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result MYR 0.20 | 5.35xFixed-charge coverage · 2025-10-31(EBITDA − capex) / (interest + short-term debt)EBITDAMYR 35.75MebitdaCapexMYR 4.72McapitalExpendituresInterestMYR 220.55KinterestExpenseShort-term debtMYR 5.58MshortLongTermDebtEBITDA − capexMYR 31.03MPrincipal due is the current portion of debt.Result 5.35x | -MYR 10.76MFree cash flow · 2025-10-31Reported free cash flowOperating cash flow-MYR 6.04MtotalCashFromOperatingActivitiesCapexMYR 4.72McapitalExpendituresFree cash flow-MYR 10.76MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -MYR 10.76M | 27.3%ROIC · 2025-10-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeMYR 28.46MoperatingIncomeTax expenseMYR 8.42MtaxProvisionPretax incomeMYR 30.68MincomeBeforeTaxTax rate27.4%EquityMYR 110.26MtotalStockholderEquityDebtMYR 6.95MlongTermDebt + shortLongTermDebtCashMYR 41.59McashInvested capitalMYR 75.61MResult 27.3% | 0.95xEBIT / PP&E · 2025-10-31Operating income / net PP&EOperating incomeMYR 28.46MoperatingIncomeNet PP&EMYR 29.97MpropertyPlantAndEquipmentNetResult 0.95x |
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: MYR 29.97M
Inventory: MYR 2.54M
Total assets: MYR 153.58M
Goodwill: MYR 0.00
Intangibles: MYR 0.00
Liabilities: MYR 41.38M
Tangible book: MYR 112.20M
Shares: 550,000,000
Revenue: MYR 135.79M
Capex: MYR 4.72M
D&A: MYR 4.85M
EBITDA: MYR 35.75M
Interest: MYR 220.55K
Short-term debt: MYR 5.58M
Free cash flow: -MYR 10.76M
Operating income: MYR 28.46M
Invested capital: MYR 75.61M
Tax rate: 27.4%