Aankondiging • May 12
Valuetronics Holdings Limited to Report Fiscal Year 2026 Results on May 28, 2026 Valuetronics Holdings Limited announced that they will report fiscal year 2026 results at 9:00 AM, Singapore Standard Time on May 28, 2026 Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to S$1.18, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Electronic industry in Singapore. Total returns to shareholders of 178% over the past three years. Declared Dividend • Nov 16
First half dividend of HK$0.08 announced Shareholders will receive a dividend of HK$0.08. Ex-date: 24th November 2025 Payment date: 5th December 2025 Dividend yield will be 13%, which is higher than the industry average of 5.6%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Oct 28
Valuetronics Holdings Limited to Report First Half, 2026 Results on Nov 12, 2025 Valuetronics Holdings Limited announced that they will report first half, 2026 results on Nov 12, 2025 Upcoming Dividend • Aug 01
Upcoming dividend of HK$0.19 per share Eligible shareholders must have bought the stock before 08 August 2025. Payment date: 22 August 2025. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 5.7%. Within top quartile of Singaporean dividend payers (5.6%). Lower than average of industry peers (6.4%). Reported Earnings • Jul 12
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: HK$0.42 (up from HK$0.39 in FY 2024). Revenue: HK$1.73b (up 3.5% from FY 2024). Net income: HK$170.4m (up 6.8% from FY 2024). Profit margin: 9.9% (in line with FY 2024). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 13% per year. Declared Dividend • May 31
Final dividend of HK$0.19 announced Shareholders will receive a dividend of HK$0.19. Ex-date: 8th August 2025 Payment date: 22nd August 2025 Dividend yield will be 29%, which is higher than the industry average of 5.6%. Sustainability & Growth The dividend has increased by an average of 5.6% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • May 29
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: HK$0.42 (up from HK$0.39 in FY 2024). Revenue: HK$1.73b (up 3.5% from FY 2024). Net income: HK$170.4m (up 6.8% from FY 2024). Profit margin: 9.9% (in line with FY 2024). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Aankondiging • May 13
Valuetronics Holdings Limited to Report Fiscal Year 2025 Results on May 28, 2025 Valuetronics Holdings Limited announced that they will report fiscal year 2025 results Pre-Market on May 28, 2025 Declared Dividend • Nov 18
First half dividend of HK$0.08 announced Shareholders will receive a dividend of HK$0.08. Ex-date: 25th November 2024 Payment date: 6th December 2024 Dividend yield will be 17%, which is higher than the industry average of 5.6%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but not covered by cash flows (119% cash payout ratio). The dividend has increased by an average of 5.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Oct 31
Valuetronics Holdings Limited to Report First Half, 2025 Results on Nov 13, 2024 Valuetronics Holdings Limited announced that they will report first half, 2025 results on Nov 13, 2024 Aankondiging • Aug 19
Valuetronics Holdings Limited Announces Executive Changes The Board of Directors of Valuetronics Holdings Limited announced that the Company: has accepted the resignations of Ms Hazel Chia Luang Chew and Ms Shirley Lim Keng San as Joint Company Secretaries with effect from 19 August 2024; and has appointed Cheng Lisa and Yoo Loo Ping as Joint Company Secretaries of Company with effect from 19 August 2024. The Board of Directors take this opportunity to thank Ms Chia and Ms Lim for their past services to the Company. Upcoming Dividend • Aug 01
Upcoming dividend of HK$0.17 per share Eligible shareholders must have bought the stock before 08 August 2024. Payment date: 23 August 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of Singaporean dividend payers (6.3%). Higher than average of industry peers (5.9%). Reported Earnings • Jul 05
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: HK$0.39 (up from HK$0.29 in FY 2023). Revenue: HK$1.67b (down 17% from FY 2023). Net income: HK$159.6m (up 30% from FY 2023). Profit margin: 9.6% (up from 6.1% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year. Aankondiging • Jul 04
Valuetronics Holdings Limited, Annual General Meeting, Jul 22, 2024 Valuetronics Holdings Limited, Annual General Meeting, Jul 22, 2024, at 10:00 Singapore Standard Time. Location: level 3, venus room ii & iii, furama riverfront, singapore, 405 havelock road, singapore 169633, Singapore Major Estimate Revision • Jun 04
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from HK$1.96b to HK$1.76b. EPS estimate fell from HK$0.404 to HK$0.399 per share. Net income forecast to grow 2.8% next year vs 38% growth forecast for Electronic industry in Singapore. Consensus price target up from S$0.63 to S$0.66. Share price was steady at S$0.64 over the past week. Declared Dividend • May 31
Final dividend of HK$0.17 announced Shareholders will receive a dividend of HK$0.17. Ex-date: 8th August 2024 Payment date: 23rd August 2024 Dividend yield will be 29%, which is higher than the industry average of 5.6%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 9.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 30
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: HK$0.39 (up from HK$0.29 in FY 2023). Revenue: HK$1.67b (down 17% from FY 2023). Net income: HK$159.6m (up 30% from FY 2023). Profit margin: 9.6% (up from 6.1% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 1% per year. New Risk • May 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Aankondiging • May 17
Valuetronics Holdings Limited to Report Fiscal Year 2024 Results on May 29, 2024 Valuetronics Holdings Limited announced that they will report fiscal year 2024 results Pre-Market on May 29, 2024 Major Estimate Revision • Nov 17
Consensus revenue estimates decrease by 15%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from HK$2.15b to HK$1.83b. EPS estimate increased from HK$0.315 to HK$0.378 per share. Net income forecast to grow 9.6% next year vs 35% growth forecast for Electronic industry in Singapore. Consensus price target up from S$0.58 to S$0.71. Share price was steady at S$0.56 over the past week. Upcoming Dividend • Nov 15
Upcoming dividend of HK$0.08 per share at 4.4% yield Eligible shareholders must have bought the stock before 22 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Singaporean dividend payers (6.7%). Lower than average of industry peers (5.8%). Reported Earnings • Nov 14
First half 2024 earnings released: EPS: HK$0.20 (vs HK$0.14 in 1H 2023) First half 2024 results: EPS: HK$0.20 (up from HK$0.14 in 1H 2023). Revenue: HK$891.3m (down 15% from 1H 2023). Net income: HK$82.1m (up 42% from 1H 2023). Profit margin: 9.2% (up from 5.5% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has fallen by 11% 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. Aankondiging • Oct 26
Valuetronics Holdings Limited to Report Q2, 2024 Results on Nov 09, 2023 Valuetronics Holdings Limited announced that they will report Q2, 2024 results Pre-Market on Nov 09, 2023 Buying Opportunity • Aug 08
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be S$0.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years. Earnings per share has declined by 17%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings is also forecast to grow by 8.7% per annum over the same time period. Upcoming Dividend • Aug 01
Upcoming dividend of HK$0.16 per share at 4.3% yield Eligible shareholders must have bought the stock before 08 August 2023. Payment date: 22 August 2023. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Singaporean dividend payers (6.1%). Lower than average of industry peers (5.2%). Reported Earnings • Jul 01
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: HK$0.29 (up from HK$0.26 in FY 2022). Revenue: HK$2.01b (flat on FY 2022). Net income: HK$123.0m (up 8.3% from FY 2022). Profit margin: 6.1% (up from 5.6% in FY 2022). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) exceeded analyst estimates by 9.0%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Asia. 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 3% per year, which means it has not declined as severely as earnings. Aankondiging • Jun 30
Valuetronics Holdings Limited, Annual General Meeting, Jul 17, 2023 Valuetronics Holdings Limited, Annual General Meeting, Jul 17, 2023, at 10:00 Singapore Standard Time. Location: Level 3, Venus Room I & II, Furama RiverFron 405 Havelock Road, Singapore Singapore Agenda: To receive and adopt the Report of the Directors and the Audited Financial Statements of the Company for the financial year ended 31 March 2023 together with the Auditors' Report thereon; to declare final dividend for the financial year ended 31 March 2023; to re-elect the Directors; to approve the payment of Directors' fees for the financial year ending 31 March 2024, to be paid quarterly in arrears at the end of each calendar quarter; to re-appoint PricewaterhouseCoopers LLP, as the Auditors of the Company to hold office until the conclusion of the next Annual General Meeting of the Company and to authorize the Directors to fix their remuneration; to consider authority to issue shares; to consider authority to allot and issue shares under the Valuetronics Employees Share Option Scheme and the Valuetronics Performance Share Plan; and to transact any other ordinary business which may be transacted at an Annual General Meeting. Major Estimate Revision • Jun 10
Consensus EPS estimates increase by 12%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from HK$2.31b to HK$2.18b. EPS estimate rose from HK$0.282 to HK$0.316. Net income forecast to grow 9.0% next year vs 26% growth forecast for Electronic industry in Singapore. Consensus price target up from S$0.51 to S$0.56. Share price was steady at S$0.55 over the past week. Reported Earnings • May 31
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: HK$0.29 (up from HK$0.26 in FY 2022). Revenue: HK$2.01b (flat on FY 2022). Net income: HK$123.0m (up 8.3% from FY 2022). Profit margin: 6.1% (up from 5.6% in FY 2022). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) exceeded analyst estimates by 9.0%. Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Asia. 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 5% per year, which means it has not declined as severely as earnings. Buying Opportunity • May 31
Now 20% undervalued Over the last 90 days, the stock is up 1.9%. The fair value is estimated to be S$0.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 22% in 2 years. Earnings is forecast to grow by 4.9% in the next 2 years. Aankondiging • May 17
Valuetronics Holdings Limited to Report Fiscal Year 2023 Results on May 30, 2023 Valuetronics Holdings Limited announced that they will report fiscal year 2023 results at 9:00 AM, Singapore Standard Time on May 30, 2023 Reported Earnings • Nov 16
First half 2023 earnings released: EPS: HK$0.14 (vs HK$0.13 in 1H 2022) First half 2023 results: EPS: HK$0.14 (up from HK$0.13 in 1H 2022). Revenue: HK$1.05b (up 3.6% from 1H 2022). Net income: HK$57.9m (up 2.2% from 1H 2022). Profit margin: 5.5% (down from 5.6% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 13
First half 2023 earnings released: EPS: HK$0.14 (vs HK$0.13 in 1H 2022) First half 2023 results: EPS: HK$0.14 (up from HK$0.13 in 1H 2022). Revenue: HK$1.05b (up 3.6% from 1H 2022). Net income: HK$57.9m (up 2.2% from 1H 2022). Profit margin: 5.5% (down from 5.6% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 14% per year. Buying Opportunity • Oct 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 3.8%. The fair value is estimated to be S$0.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is also forecast to grow by 7.2% per annum over the same time period. Buying Opportunity • Sep 02
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be S$0.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is also forecast to grow by 7.2% per annum over the same time period. Upcoming Dividend • Aug 03
Upcoming dividend of HK$0.10 per share Eligible shareholders must have bought the stock before 10 August 2022. Payment date: 23 August 2022. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Singaporean dividend payers (6.0%). In line with average of industry peers (4.7%). Reported Earnings • Jul 06
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: HK$0.26 (down from HK$0.43 in FY 2021). Revenue: HK$2.03b (down 11% from FY 2021). Net income: HK$113.5m (down 39% from FY 2021). Profit margin: 5.6% (down from 8.2% in FY 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 6.5%. Over the next year, revenue is forecast to grow 8.5%, compared to a 21% growth forecast for the industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 14% 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. Reported Earnings • May 29
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: HK$0.26 (down from HK$0.43 in FY 2021). Revenue: HK$2.03b (down 11% from FY 2021). Net income: HK$113.5m (down 39% from FY 2021). Profit margin: 5.6% (down from 8.2% in FY 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 6.5%. Over the next year, revenue is forecast to grow 12%, compared to a 21% growth forecast for the industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 14% 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. Board Change • Apr 27
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 Non-Executive Director Cheng Guan Loo was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 15
Upcoming dividend of HK$0.04 per share Eligible shareholders must have bought the stock before 22 November 2021. Payment date: 03 December 2021. Trailing yield: 6.4%. Within top quartile of Singaporean dividend payers (5.2%). Higher than average of industry peers (3.9%). Reported Earnings • Nov 13
First half 2022 earnings released: EPS HK$0.13 (vs HK$0.21 in 1H 2021) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2022 results: Revenue: HK$1.01b (down 7.3% from 1H 2021). Net income: HK$56.6m (down 38% from 1H 2021). Profit margin: 5.6% (down from 8.4% in 1H 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS HK$0.43 (vs HK$0.41 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: HK$2.28b (down 3.1% from FY 2020). Net income: HK$187.1m (up 4.6% from FY 2020). Profit margin: 8.2% (up from 7.6% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% 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. Reported Earnings • Jun 02
Full year 2021 earnings released: EPS HK$0.43 (vs HK$0.41 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: HK$2.28b (down 3.1% from FY 2020). Net income: HK$187.1m (up 4.6% from FY 2020). Profit margin: 8.2% (up from 7.6% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 8% per year. Is New 90 Day High Low • Jan 08
New 90-day high: S$0.60 The company is up 6.0% from its price of S$0.57 on 09 October 2020. The Singaporean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$0.33 per share. Major Estimate Revision • Nov 17
Analysts increase EPS estimates to HK$0.35 The 2021 consensus revenue estimate increased from HK$1.91b to HK$2.00b. The earnings per share estimate also received an upgrade from HK$0.31 to HK$0.35 for the same period. Net income is expected to shrink by 13% next year compared to 31% growth forecast for the Electronic industry in Singapore . The consensus price target was lowered from S$3.09 to S$3.08. Share price stayed mostly flat at S$0.57 over the past week. Reported Earnings • Nov 13
First half 2021 earnings released: EPS HK$0.21 The company reported a soft first half result with weaker earnings and revenues, although profit margins were improved. First half 2021 results: Revenue: HK$1.09b (down 20% from 1H 2020). Net income: HK$91.5m (down 12% from 1H 2020). Profit margin: 8.4% (up from 7.6% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Nov 09
New 90-day high: S$0.59 The company is up 4.0% from its price of S$0.57 on 11 August 2020. The Singaporean market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$0.33 per share.