Catalist:5VC

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Executive Summary

Kori Holdings Limited, an investment holding company, provides civil/structural engineering and infrastructural construction services as a sub-contractor for commercial, industrial, and public infrastructural construction projects in Singapore and Malaysia. More Details


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: Insufficient data to determine 5VC's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine 5VC's volatility change over the past year.


Market Performance


7 Day Return

0%

5VC

0.7%

SG Construction

-0.5%

SG Market


1 Year Return

n/a

5VC

-14.5%

SG Construction

-14.2%

SG Market

Return vs Industry: Insufficient data to determine how 5VC performed against the SG Construction industry.

Return vs Market: Insufficient data to determine how 5VC performed against the SG Market.


Shareholder returns

5VCIndustryMarket
7 Day0%0.7%-0.5%
30 Day-16.6%5.7%11.3%
90 Day-16.6%4.8%10.3%
1 Yearn/a-12.5%-14.5%-9.5%-14.2%
3 Year-61.5%-61.7%-36.5%-41.7%-11.1%-22.1%
5 Year-61.9%-62.6%-28.3%-38.2%12.2%-8.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Kori Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 5VC (SGD0.16) is trading below our estimate of fair value (SGD4.3)

Significantly Below Fair Value: 5VC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 5VC is poor value based on its PE Ratio (192.1x) compared to the SG Construction industry average (11.8x).

PE vs Market: 5VC is poor value based on its PE Ratio (192.1x) compared to the SG market (14.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 5VC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 5VC is good value based on its PB Ratio (0.3x) compared to the SG Construction industry average (0.5x).


Next Steps

Future Growth

How is Kori Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.7%

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 Kori Holdings 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 Kori Holdings performed over the past 5 years?

-35.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 5VC has a large one-off loss of SGD1.1M impacting its June 30 2020 financial results.

Growing Profit Margin: 5VC's current net profit margins (0.6%) are lower than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: 5VC's earnings have declined by 35.5% per year over the past 5 years.

Accelerating Growth: 5VC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 5VC had negative earnings growth (-74.8%) over the past year, making it difficult to compare to the Construction industry average (-14.8%).


Return on Equity

High ROE: 5VC's Return on Equity (0.2%) is considered low.


Next Steps

Financial Health

How is Kori Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 5VC's short term assets (SGD30.1M) exceed its short term liabilities (SGD8.6M).

Long Term Liabilities: 5VC's short term assets (SGD30.1M) exceed its long term liabilities (SGD2.4M).


Debt to Equity History and Analysis

Debt Level: 5VC's debt to equity ratio (6.5%) is considered satisfactory.

Reducing Debt: 5VC's debt to equity ratio has reduced from 15.3% to 6.5% over the past 5 years.

Debt Coverage: 5VC's debt is well covered by operating cash flow (134.1%).

Interest Coverage: 5VC's interest payments on its debt are well covered by EBIT (3.5x coverage).


Balance Sheet


Next Steps

Dividend

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

0.31%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 5VC's dividend (0.31%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (2.41%).

High Dividend: 5VC's dividend (0.31%) is low compared to the top 25% of dividend payers in the SG market (5.19%).


Stability and Growth of Payments

Stable Dividend: 5VC is not paying a notable dividend for the SG market, therefore no need to check if payments are stable.

Growing Dividend: 5VC is not paying a notable dividend for the SG market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 5VC is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 5VC's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.9yrs

Average management tenure


CEO

Yu-Koh Hooi (49 yo)

15.17yrs

Tenure

S$419,962

Compensation

Mr. Yu-Koh Hooi has been the Chief Executive Officer and Managing Director of Kori Holdings Limited since October 2005 and its Executive Chairman since May 15, 2018. Mr. Hooi is instrumental in the develop...


CEO Compensation Analysis

Compensation vs Market: Yu-Koh's total compensation ($USD314.95K) is about average for companies of similar size in the SG market ($USD387.48K).

Compensation vs Earnings: Yu-Koh's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Yu-Koh Hooi
Executive Chairman15.17yrsS$419.96k34.14%
SGD 5.5m
Wai Kit Ng
Executive Director2.75yrsS$190.00k0.010%
SGD 1.6k
Hong Xu
Financial Controller1.25yrsno datano data
Yeng Tat Lee
Head of Steel Division8.92yrsno datano data
Chookul Charun
Head of Tunnel Division8.92yrsno datano data
Guat Huat Chua
Company Secretary0.25yrno datano data

8.9yrs

Average Tenure

49.5yo

Average Age

Experienced Management: 5VC's management team is seasoned and experienced (8.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yu-Koh Hooi
Executive Chairman15.17yrsS$419.96k34.14%
SGD 5.5m
Wai Kit Ng
Executive Director2.75yrsS$190.00k0.010%
SGD 1.6k
Cheng Tuck Kuan
Lead Independent Director2.58yrsS$48.00kno data
Yeok Hua Lim
Independent Director8.08yrsS$40.00kno data
Nicholas Philip Lazarus
Independent Director8.08yrsS$43.00kno data

2.8yrs

Average Tenure

49yo

Average Age

Experienced Board: 5VC's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Kori Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kori Holdings Limited
  • Ticker: 5VC
  • Exchange: Catalist
  • Founded: 1982
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: S$15.971m
  • Shares outstanding: 99.20m
  • Website: https://www.kori.com.sg

Location

  • Kori Holdings Limited
  • 11 Sims Drive
  • No. 06-01 SCN Centre
  • Singapore
  • 387385
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
5VCCatalist (Singapore Exchange Catalist Market)YesOrdinary SharesSGSGDDec 2012

Biography

Kori Holdings Limited, an investment holding company, provides civil/structural engineering and infrastructural construction services as a sub-contractor for commercial, industrial, and public infrastructu...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/04 11:09
End of Day Share Price2020/11/27 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.