SGX:554

Stock Analysis Report

Executive Summary

King Wan Corporation Limited, an investment holding company, provides mechanical and electrical engineering services for the building and construction industry in Singapore, China, and Thailand.

Snowflake

Fundamentals

Imperfect balance sheet and overvalued.

Risks

  • King Wan has significant price volatility in the past 3 months.
  • King Wan is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

SGX:554

-0.1%

SG Construction

0.3%

SG Market


1 Year Return

-22.5%

SGX:554

-21.0%

SG Construction

-3.9%

SG Market

554 underperformed the Construction industry which returned -20.9% over the past year.

554 underperformed the Market in Singapore which returned -2.8% over the past year.


Share holder returns

554IndustryMarket
7 Day0%-0.1%0.3%
30 Day-3.8%-4.6%-6.2%
90 Day-16.7%-6.0%-1.1%
1 Year-22.5%-22.5%-18.7%-21.0%0.06%-3.9%
3 Year-48.0%-49.5%-8.2%-16.5%15.3%2.9%
5 Year-68.3%-71.0%-45.6%-53.6%7.9%-9.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

21.34x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

King Wan's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

King Wan's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

King Wan is overvalued based on earnings compared to the SG Construction industry average.

King Wan is overvalued based on earnings compared to the Singapore market.


Price Based on Expected Growth

Unable to calculate PEG ratio for King Wan, we can't assess if its growth is good value.


Price Based on Value of Assets

King Wan is good value based on assets compared to the SG Construction industry average.


Next Steps

Future Growth

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

3.7%

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 King Wan 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 King Wan performed over the past 5 years?

-40.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

King Wan's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

King Wan has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

King Wan has become profitable in the last year making it difficult to compare the SG Construction industry average.


Return on Equity

King Wan has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

King Wan used its assets less efficiently than the SG Construction industry average last year based on Return on Assets.


Return on Capital Employed

King Wan has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is King Wan's financial position?


Financial Position Analysis

King Wan's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

King Wan's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

King Wan's level of debt (53.3%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (26.7% vs 53.3% today).

Debt is not well covered by operating cash flow (5.1%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 4.9x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.2x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate King Wan's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate King Wan's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as King Wan has not reported any payouts.

Unable to verify if King Wan's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as King Wan has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

12.5yrs

Average management tenure


CEO

Eng Eng Chua (49yo)

17.0yrs

Tenure

0

Ms. Eng Eng Chua has been Managing Director of King Wan Corporation Limited since August 2002 and managing director of King Fook Holdings Ltd. Ms. Chua is responsible for business development, planning and ...


Management Age and Tenure

12.5yrs

Average Tenure

58.5yo

Average Age

The average tenure for the King Wan management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

18.8yrs

Average Tenure

57yo

Average Age

The average tenure for the King Wan board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Kim Hua Chua (79yo)

    Executive Chairman

    • Tenure: 19.5yrs
  • Catherine Lim

    Company Secretary

    • Tenure: 3.3yrs
  • Eng Eng Chua (49yo)

    MD & Executive Director

    • Tenure: 17.0yrs
  • Hai Kuey Chua (68yo)

    Executive Director

    • Tenure: 19.5yrs
  • Mong Seng Ang (70yo)

    • Tenure: 16.9yrs
  • Yean Cheng Chua (48yo)

    Human Resource & Admin Manager

    • Tenure: 8.1yrs
  • Ai Ling Ong (31yo)

    Financial Controller

    • Tenure: 1.8yrs

Board Members

  • Chee Wee Goh (73yo)

    Lead Independent Director

    • Tenure: 0.8yrs
  • Kim Hua Chua (79yo)

    Executive Chairman

    • Tenure: 19.5yrs
  • Eng Eng Chua (49yo)

    MD & Executive Director

    • Tenure: 17.0yrs
  • Hai Kuey Chua (68yo)

    Executive Director

    • Tenure: 19.5yrs
  • Priscilla Siow (68yo)

    Director of King Wan Construction Pte Ltd

    • Tenure: 18.8yrs
  • Joe Er (49yo)

    Director of King Wan Construction Pte Ltd

    • Tenure: 0.0yrs
  • Kok Chuan Chua (47yo)

    Director of King Wan Construction Pte Ltd

    • Tenure: 0.0yrs
  • Siraarpa Siriviriyakul (33yo)

    Independent Non-Executive Director

    • Tenure: 1.8yrs
  • David Tang (57yo)

    Independent Non-Executive Director

    • Tenure: 0.8yrs

Company Information

King Wan Corporation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: King Wan Corporation Limited
  • Ticker: 554
  • Exchange: SGX
  • Founded: 1977
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: S$34.918m
  • Shares outstanding: 349.18m
  • Website: https://www.kingwan.com

Location

  • King Wan Corporation Limited
  • No. 8 Sungei Kadut Loop
  • Singapore
  • 729455
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
554SGX (Singapore Exchange)YesOrdinary SharesSGSGDDec 2000

Biography

King Wan Corporation Limited, an investment holding company, provides mechanical and electrical engineering services for the building and construction industry in Singapore, China, and Thailand. Its Plumbi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 12:39
End of Day Share Price2019/08/13 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.