New Risk • May 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 30% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (S$103.6m market cap, or US$81.6m). Upcoming Dividend • Apr 30
Upcoming dividend of S$0.017 per share Eligible shareholders must have bought the stock before 07 May 2026. Payment date: 18 May 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Singaporean dividend payers (5.0%). In line with average of industry peers (4.3%). Reported Earnings • Apr 14
Full year 2025 earnings released: S$0.003 loss per share (vs S$0.033 profit in FY 2024) Full year 2025 results: S$0.003 loss per share (down from S$0.033 profit in FY 2024). Revenue: S$393.3m (down 3.2% from FY 2024). Net loss: S$910.0k (down 110% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 11
Dividend reduced to S$0.017 Dividend of S$0.017 is 25% lower than last year. Ex-date: 7th May 2026 Payment date: 18th May 2026 Dividend yield will be 4.4%, which is lower than the industry average of 7.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (31% cash payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years. However, payments have been volatile during that time. Announcement • Apr 08
YHI International Limited, Annual General Meeting, Apr 29, 2026 YHI International Limited, Annual General Meeting, Apr 29, 2026, at 10:00 Singapore Standard Time. Location: 2 pandan road, singapore 609254, Singapore Reported Earnings • Mar 03
Full year 2025 earnings released: S$0.003 loss per share (vs S$0.033 profit in FY 2024) Full year 2025 results: S$0.003 loss per share (down from S$0.033 profit in FY 2024). Revenue: S$393.3m (down 3.2% from FY 2024). Net loss: S$910.0k (down 110% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 143% Cash payout ratio: 96% Earnings have declined by 17% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (S$106.5m market cap, or US$84.2m). Reported Earnings • Aug 16
First half 2025 earnings released: EPS: S$0.01 (vs S$0.027 in 1H 2024) First half 2025 results: EPS: S$0.01 (down from S$0.027 in 1H 2024). Revenue: S$196.5m (down 1.1% from 1H 2024). Net income: S$2.84m (down 63% from 1H 2024). Profit margin: 1.4% (down from 3.9% in 1H 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. New Risk • Aug 14
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 143% Cash payout ratio: 96% Dividend yield: 5.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 143% Cash payout ratio: 96% Earnings have declined by 17% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (S$127.0m market cap, or US$99.2m). New Risk • Jun 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: S$128.4m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.9% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (119% cash payout ratio). Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (S$128.4m market cap, or US$99.8m). Buy Or Sell Opportunity • May 06
Now 20% overvalued Over the last 90 days, the stock has fallen 2.1% to S$0.47. The fair value is estimated to be S$0.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.2% over the last 3 years. Earnings per share has declined by 30%. Upcoming Dividend • Apr 30
Upcoming dividend of S$0.023 per share Eligible shareholders must have bought the stock before 07 May 2025. Payment date: 16 May 2025. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 5.1%. Lower than top quartile of Singaporean dividend payers (6.0%). In line with average of industry peers (5.4%). Announcement • Apr 25
YHI International Limited Approves First and Final Tax-Exempt Dividend for the Year Ended December 31, 2024 YHI International Limited announced that at its AGM held on 25 April 2025, the shareholders approved to declare a first and final tax-exempt dividend of 2.30 Singapore cents per ordinary share for the financial year ended 31 December 2024. Buy Or Sell Opportunity • Apr 10
Now 21% overvalued Over the last 90 days, the stock has fallen 6.1% to S$0.47. The fair value is estimated to be S$0.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.2% over the last 3 years. Earnings per share has declined by 30%. Reported Earnings • Apr 09
Full year 2024 earnings released: EPS: S$0.033 (vs S$0.045 in FY 2023) Full year 2024 results: EPS: S$0.033 (down from S$0.045 in FY 2023). Revenue: S$406.5m (up 7.8% from FY 2023). Net income: S$9.58m (down 27% from FY 2023). Profit margin: 2.4% (down from 3.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 05
Dividend reduced to S$0.023 Dividend of S$0.023 is 27% lower than last year. Ex-date: 7th May 2025 Payment date: 16th May 2025 Dividend yield will be 4.9%, which is lower than the industry average of 7.5%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but not covered by cash flows (119% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 22% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.8% EPS decline seen over the last 5 years. Announcement • Apr 03
YHI International Limited, Annual General Meeting, Apr 25, 2025 YHI International Limited, Annual General Meeting, Apr 25, 2025, at 10:00 Singapore Standard Time. Location: 2 pandan road, singapore 609254, Singapore New Risk • Mar 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: S$131.3m (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.9% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (119% cash payout ratio). Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (S$131.3m market cap, or US$98.6m). Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: S$0.033 (vs S$0.045 in FY 2023) Full year 2024 results: EPS: S$0.033 (down from S$0.045 in FY 2023). Revenue: S$406.5m (up 7.8% from FY 2023). Net income: S$9.58m (down 27% from FY 2023). Profit margin: 2.4% (down from 3.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Feb 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Yin Zhongyu Gwendolyn Gn was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Yin Zhongyu Gwendolyn Gn was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 17
First half 2024 earnings released: EPS: S$0.027 (vs S$0.026 in 1H 2023) First half 2024 results: EPS: S$0.027 (up from S$0.026 in 1H 2023). Revenue: S$198.6m (up 6.5% from 1H 2023). Net income: S$7.71m (up 3.2% from 1H 2023). Profit margin: 3.9% (down from 4.0% in 1H 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Jun 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: S$134.2m (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (S$134.2m market cap, or US$99.2m). Announcement • Apr 27
YHI International Limited Approves First and Final Tax-Exempt Dividend for the Financial Year Ended 31 December 2023 YHI International Limited at the Annual General Meeting held on 26 April 2024, approved first and final tax-exempt dividend of 3.15 Singapore cents per ordinary share for the financial year ended 31 December 2023. Reported Earnings • Apr 14
Full year 2023 earnings released: EPS: S$0.045 (vs S$0.071 in FY 2022) Full year 2023 results: EPS: S$0.045 (down from S$0.071 in FY 2022). Revenue: S$376.9m (down 13% from FY 2022). Net income: S$13.1m (down 37% from FY 2022). Profit margin: 3.5% (down from 4.8% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Apr 09
YHI International Limited, Annual General Meeting, Apr 26, 2024 YHI International Limited, Annual General Meeting, Apr 26, 2024, at 10:00 Singapore Standard Time. Location: 2 Pandan Road, Singapore 609254 Singapore Singapore Agenda: To receive and adopt the Directors' Statement and the Audited Financial Statements of the Company for the financial year ended 31 December 2023 together with the Auditors' Report thereon; to declare a first and final tax-exempt dividend of 3.15 Singapore cents per ordinary share for the financial year ended 31 December 2023; to approve the payment of Directors' fees for the financial year ended 31 December 2023; to re-appoint PricewaterhouseCoopers LLP, Certified Public Accounts as the Company's Auditors and to authorise the Directors to fix their remuneration; and to consider other matters. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: S$0.045 (vs S$0.071 in FY 2022) Full year 2023 results: EPS: S$0.045 (down from S$0.071 in FY 2022). Revenue: S$376.9m (down 13% from FY 2022). Net income: S$13.1m (down 37% from FY 2022). Profit margin: 3.5% (down from 4.8% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. New Risk • Feb 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: S$132.1m (US$98.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (S$132.1m market cap, or US$98.2m). Reported Earnings • Aug 13
First half 2023 earnings released: EPS: S$0.026 (vs S$0.054 in 1H 2022) First half 2023 results: EPS: S$0.026 (down from S$0.054 in 1H 2022). Revenue: S$186.6m (down 18% from 1H 2022). Net income: S$7.47m (down 52% from 1H 2022). Profit margin: 4.0% (down from 6.9% in 1H 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 19
YHI International Limited Approves First and Final Tax-Exempt Dividend for the Financial Year Ended 31 December 2022. Payable on 18 May 2023 YHI International Limited at its Minutes of annual general meeting held on 28 April 2023, approved the payment of a first and final tax-exempt dividend of 3.60 Singapore cents per ordinary share for the financial year ended 31 December 2022. The dividend, will be paid on 18 May 2023. Upcoming Dividend • Apr 28
Upcoming dividend of S$0.036 per share at 6.9% yield Eligible shareholders must have bought the stock before 05 May 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 6.9%. Within top quartile of Singaporean dividend payers (6.4%). In line with average of industry peers (6.6%). Reported Earnings • Apr 07
Full year 2022 earnings released: EPS: S$0.071 (vs S$0.073 in FY 2021) Full year 2022 results: EPS: S$0.071 (down from S$0.073 in FY 2021). Revenue: S$430.9m (down 3.1% from FY 2021). Net income: S$20.7m (down 2.1% from FY 2021). Profit margin: 4.8% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 19% per year and the company’s share price has also increased by 19% per year. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: S$0.071 (vs S$0.073 in FY 2021) Full year 2022 results: EPS: S$0.071 (down from S$0.073 in FY 2021). Revenue: S$430.9m (down 3.1% from FY 2021). Net income: S$20.7m (down 2.1% from FY 2021). Profit margin: 4.8% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 17% per year. Announcement • Dec 24
Yhi International Limited Announces Cessation of Lu Chun Ya as Chief Operating Officer, Manufacturing Group YHI International Limited announced cessation of Lu Chun Ya as Chief Operating Officer, Manufacturing Group. Responsible for the operation of the manufacturing group. Other DirectorShips Past includes YHI Advanti (Shanghai) Co. Ltd. 2. YHI Manufacturing (Shanghai) Co. Ltd. 3. YHI Advanti Manufacturing (Suzhou) Co. Ltd. 4. YHI Precision Moulding (Shanghai) Co. Ltd. Announcement • Oct 08
YHI International Limited Announces Executive Changes The Board of Directors (the "Board") of YHI International Limited (the "Company", and together with its subsidiaries, the "Group") announced that the Company has accepted the resignation of Ms Shu Shin Yee as Company Secretary of the Company with effect from 7 October 2022 and appointed Mr. Su Thiam Huat, the Group Chief Financial Officer as Company Secretary of the Company with effect from 7 October 2022 in her place. Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$11.5m from profit in 1H 2021). Profit margin: (down from 5.1% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jun 18
YHI International Limited Announces Resignation of Mr. Tan Wei Jie as Joint Company Secretary YHI International Limited announced that the Company has accepted the resignation of Mr. Tan Wei Jie, Joel as Joint Company Secretary of the Company with effect from 17 June 2022. Upcoming Dividend • Apr 29
Upcoming dividend of S$0.036 per share Eligible shareholders must have bought the stock before 06 May 2022. Payment date: 18 May 2022. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 6.9%. Within top quartile of Singaporean dividend payers (5.8%). In line with average of industry peers (6.5%). Reported Earnings • Apr 10
Full year 2021 earnings released: EPS: S$0.073 (vs S$0.066 in FY 2020) Full year 2021 results: EPS: S$0.073 (up from S$0.066 in FY 2020). Revenue: S$444.7m (up 5.2% from FY 2020). Net income: S$21.2m (up 11% from FY 2020). Profit margin: 4.8% (up from 4.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Feb 27
YHI International Limited Recommends First and Final Dividend for the Year 2021 YHI International Limited announced a first and final exempt dividend of 3.60 cent per share amounting to a total of $10,454,000 will be recommended at the forthcoming Annual General Meeting. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: S$0.073 (up from S$0.066 in FY 2020). Revenue: S$444.7m (up 5.2% from FY 2020). Net income: S$21.2m (up 11% from FY 2020). Profit margin: 4.8% (up from 4.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Director Overboarding • Sep 10
Director Pian Tee Hong has joined 5th company board Lead Independent Director Pian Tee Hong has been appointed to the board of YHI International Limited (SGX:BPF). Hong now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Announcement • Apr 29
YHI International Limited Approves First and Final Tax Exempt Dividend for the Financial Year Ended December 31, 2020 YHI International Limited at its AGM held on April 28, 2021, approved first and final tax exempt dividend of 3.30 cents per ordinary share for the financial year ended December 31, 2020. Upcoming Dividend • Apr 29
Upcoming dividend of S$0.033 per share Eligible shareholders must have bought the stock before 06 May 2021. Payment date: 18 May 2021. Trailing yield: 6.4%. Within top quartile of Singaporean dividend payers (4.6%). Higher than average of industry peers (2.6%). Reported Earnings • Apr 08
Full year 2020 earnings released: EPS S$0.066 (vs S$0.044 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: S$422.8m (down 5.7% from FY 2019). Net income: S$19.2m (up 48% from FY 2019). Profit margin: 4.5% (up from 2.9% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 02
New 90-day high: S$0.47 The company is up 21% from its price of S$0.39 on 02 December 2020. The Singaporean market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 8.0% over the same period. Reported Earnings • Mar 02
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: S$422.8m (down 5.7% from FY 2019). Net income: S$19.2m (up 48% from FY 2019). Profit margin: 4.5% (up from 2.9% in FY 2019). The increase in margin was driven by lower expenses. Is New 90 Day High Low • Oct 16
New 90-day high: S$0.40 The company is up 25% from its price of S$0.32 on 17 July 2020. The Singaporean market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is down 12% over the same period. 
