DB:AAX1

Stock Analysis Report

Executive Summary

Acma Ltd., an investment holding company, manufactures and sells tools, automotive molds, and plastic injection molding products for the automotive and electronics industries in China, Singapore, Europe, Vietnam, Rest of Asia, North America, and internationally.

Snowflake

Fundamentals

Adequate balance sheet and overvalued.

Share Price & News

How has Acma's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

9.0%

AAX1

1.0%

DE Machinery

2.8%

DE Market


1 Year Return

-50.5%

AAX1

-17.4%

DE Machinery

2.9%

DE Market

Return vs Industry: AAX1 underperformed the German Machinery industry which returned -17.4% over the past year.

Return vs Market: AAX1 underperformed the German Market which returned 2.9% over the past year.


Share holder returns

AAX1IndustryMarket
7 Day9.0%1.0%2.8%
30 Day13.9%-6.2%-0.2%
90 Day-23.0%-7.4%0.9%
1 Year-50.5%-50.5%-14.8%-17.4%6.2%2.9%
3 Yearn/a-19.6%-25.4%18.2%8.0%
5 Year-91.9%-91.9%19.9%5.8%43.1%23.6%

Price Volatility Vs. Market

How volatile is Acma's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Acma undervalued based on future cash flows and its price relative to the stock market?

0.26x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: AAX1 (€0.05) is trading above our estimate of fair value (€0.01)

Significantly Undervalued: AAX1 is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: AAX1 is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.

PE vs Market: AAX1 is unprofitable, so we can't compare its PE Ratio to the German market.


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate AAX1's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: AAX1 is good value based on its PB Ratio (0.3x) compared to the DE Machinery industry average (1.3x).


Next Steps

Future Growth

How is Acma expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.5%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Acma has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Acma performed over the past 5 years?

37.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AAX1 is unprofitable, but has reduced losses over the past 5 years at a rate of 37.6% per year.

Accelerating Growth: Unable to compare AAX1's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AAX1 is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-9.7%).


Return on Equity

High ROE: AAX1 has a negative Return on Equity (-28.98%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: AAX1 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: AAX1 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Acma's financial position?


Financial Position Analysis

Short Term Liabilities: AAX1's short term assets (SGD53.5M) exceeds its short term liabilities (SGD43.4M)

Long Term Liabilities: AAX1's short term assets (53.5M) exceeds its long term liabilities (1.9M)


Debt to Equity History and Analysis

Debt Level: AAX1's debt to equity ratio (47.1%) is considered high

Reducing Debt: AAX1's debt to equity ratio has increased from 4.2% to 47.1% over the past 5 years.


Balance Sheet

Inventory Level: AAX1 has a high level of physical assets or inventory.

Debt Coverage by Assets: AAX1's debt is covered by short term assets (assets are 4.641490x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable AAX1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: AAX1 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 23.8% per year.


Next Steps

Dividend

What is Acma's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.9%industryaverage2.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate AAX1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AAX1's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if AAX1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AAX1's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AAX1's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Acma's salary, the management and board of directors tenure and is there insider trading?

9.8yrs

Average board tenure


CEO

Sim Pin Quek (71yo)

0yrs

Tenure

0

Mr. Sim Pin Quek has been an Executive Chairman of ACMA Ltd. since 1989 and has been its Director since December 06, 1989 and serves as its Chief Executive Officer. Mr. Quek founded Lityan group in 1983 an ...


Board Age and Tenure

9.8yrs

Average Tenure

71yo

Average Age

Experienced Board: AAX1's board of directors are considered experienced (9.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Robert Bannon

    Managing Director of Acma Australia Pty Ltd

    • Tenure: 0yrs
  • Rajen Rai

    Chief Operating Officer

    • Tenure: 0yrs
  • Keloth Raj Kumar

    Company Secretary

    • Tenure: 11.4yrs
  • Sim Pin Quek (71yo)

    Executive Chairman & CEO

    • Tenure: 0yrs
  • Derek Thu

    Managing Director - Injection Moulding Operations

    • Tenure: 0yrs
  • Chee Kwok

    MD of Lityan Systems (S) Pte Ltd and Director of Telecommunications & Restaurant Operations In R

    • Tenure: 0yrs
  • Kin Heng Say (73yo)

    Managing Director of Acma Engineers Pte Ltd

    • Tenure: 0yrs
  • Kong Seng Chou (64yo)

    CFO & Finance Director

    • Tenure: 0yrs
  • Graham Wright

    Managing Director - International Sales Tool-Making Operations

    • Tenure: 0yrs

Board Members

  • Seow Low (85yo)

    Independent Director

    • Tenure: 29.3yrs
  • Sim Pin Quek (71yo)

    Executive Chairman & CEO

    • Tenure: 0yrs
  • Keng Lin Tan (73yo)

    Independent Director

    • Tenure: 7.2yrs
  • Victor Levin (54yo)

    Non-Executive Director

    • Tenure: 9yrs
  • Robert Low (71yo)

    Independent Director

    • Tenure: 9.8yrs

Company Information

Acma Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Acma Ltd.
  • Ticker: AAX1
  • Exchange: DB
  • Founded: 1965
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: S$5.638m
  • Listing Market Cap: S$3.737m
  • Shares outstanding: 42.39m
  • Website: https://www.acmaltd.com

Location

  • Acma Ltd.
  • 17 Jurong Port Road
  • Singapore
  • 619092
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AYVSGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 1994
AAX1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1994

Biography

Acma Ltd., an investment holding company, manufactures and sells tools, automotive molds, and plastic injection molding products for the automotive and electronics industries in China, Singapore, Europe, V ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:49
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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