SGX:5VS

Stock Analysis Report

Executive Summary

Hafary Holdings Limited, an investment holding company, imports, exports, deals, distributes, and wholesales building materials.

Snowflake

Fundamentals

Good value with mediocre balance sheet.

Risks

  • Hafary Holdings is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

3.3%

SGX:5VS

-0.5%

SG Trade Distributors

0.07%

SG Market


1 Year Return

-8.8%

SGX:5VS

-6.4%

SG Trade Distributors

-3.5%

SG Market

5VS underperformed the Trade Distributors industry which returned -6.4% over the past year.

5VS underperformed the Market in Singapore which returned -3.5% over the past year.


Share holder returns

5VSIndustryMarket
7 Day3.3%-0.5%0.07%
30 Day-6.6%-3.8%-6.7%
90 Day-10.9%8.6%-1.5%
1 Year-3.3%-8.8%-3.7%-6.4%0.5%-3.5%
3 Year3.5%-13.4%1.5%-28.7%15.2%2.9%
5 Year3.9%-24.4%-55.0%-68.9%7.4%-10.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

43%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Hafary Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).

Hafary Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Hafary Holdings is good value based on earnings compared to the SG Trade Distributors industry average.

Hafary Holdings is good value based on earnings compared to the Singapore market.


Price Based on Expected Growth

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


Price Based on Value of Assets

Hafary Holdings is overvalued based on assets compared to the SG Trade Distributors industry average.


Next Steps

Future Growth

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

-18.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Hafary Holdings is high growth as no revenue estimate data is available.

Hafary Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to compare Hafary Holdings's revenue growth to the Singapore market average as no estimate data is available.

Hafary Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Singapore market average.

Hafary Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Hafary Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Hafary Holdings performed over the past 5 years?

-1.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Hafary Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Hafary Holdings's 1-year earnings growth exceeds its 5-year average (2.3% vs -1.2%)

Hafary Holdings's earnings growth has not exceeded the SG Trade Distributors industry average in the past year (2.3% vs 12.7%).


Return on Equity

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


Return on Assets

Hafary Holdings used its assets more efficiently than the SG Trade Distributors industry average last year based on Return on Assets.


Return on Capital Employed

Hafary Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Hafary Holdings's financial position?


Financial Position Analysis

Hafary Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Hafary Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Hafary Holdings's level of debt (214.3%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (226% vs 214.3% today).

Debt is not well covered by operating cash flow (11.4%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.7x debt.


Next Steps

Dividend

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

6.45%

Current Dividend Yield


Dividend Yield and Payments Analysis

Hafary Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.74%).

Hafary Holdings's dividend is above the markets top 25% of dividend payers in Singapore (5.69%).

Hafary Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Hafary Holdings only paid a dividend in the past 9 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.3x coverage).


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 Hafary Holdings's salary, the management and board of directors tenure and is there insider trading?

5.0yrs

Average board tenure


CEO

Kok Low (71yo)

5.6yrs

Tenure

0

Mr. Kok Ann Low Co-founded Hafary Holdings Limited and has been its Managing Director since March 6, 2015. Mr. Low has been the Chief Executive Officer of Hafary Holdings Limited since 2014. Mr. Low's prim ...


Board Age and Tenure

5.0yrs

Average Tenure

50.5yo

Average Age

The tenure for the Hafary Holdings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Simon Cheong

    Business Development Director & HR Manager

    • Tenure: 0.0yrs
  • Kok Low (71yo)

    CEO, MD & Executive Director

    • Tenure: 5.6yrs
  • Jackson Tay (41yo)

    COO & Company Secretary

    • Tenure: 0.0yrs
  • Mandy Lee

    Controller & Finance Manager

    • Tenure: 1.2yrs

Board Members

  • Yee Cheah (50yo)

    Non-Independent Non-Executive Director

    • Tenure: 4.4yrs
  • Edward Lee (64yo)

    Non-Independent Non-Executive Director

    • Tenure: 4.4yrs
  • Terrance Tan (53yo)

    Independent Director

    • Tenure: 9.8yrs
  • Marcus Chow (45yo)

    Independent Director

    • Tenure: 9.8yrs
  • Beng-Chye Ong (51yo)

    Independent Non-Executive Chairman

    • Tenure: 4.4yrs
  • Kok Low (71yo)

    CEO, MD & Executive Director

    • Tenure: 5.6yrs
  • Liu Shijin Low (44yo)

    Non-Independent Non-Executive Director

    • Tenure: 5.6yrs
  • Teak Jan Yong (48yo)

    Non-Independent Non-Executive Director

    • Tenure: 1.6yrs

Company Information

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


Key Information

  • Name: Hafary Holdings Limited
  • Ticker: 5VS
  • Exchange: SGX
  • Founded: 1980
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: S$66.735m
  • Shares outstanding: 430.55m
  • Website: https://www.hafary.com.sg

Number of Employees


Location

  • Hafary Holdings Limited
  • Hafary Centre
  • 105 Eunos Avenue 3
  • Singapore
  • 409836
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
5VSSGX (Singapore Exchange)YesOrdinary SharesSGSGDDec 2009

Biography

Hafary Holdings Limited, an investment holding company, imports, exports, deals, distributes, and wholesales building materials. The company operates in three segments: General, Project, and Others. It off ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 12:54
End of Day Share Price2019/08/20 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.