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World Precision Machinery

SGX:B49
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
B49
SGX
SGD56M
Market Cap
  1. Home
  2. SG
  3. Capital Goods
Company description

World Precision Machinery Limited, an investment holding company, manufactures and sells stamping, cutting, and bending machines in the People’s Republic of China. The last earnings update was 15 days ago. More info.


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B49 Share Price and Events
7 Day Returns
-3.3%
SGX:B49
0%
SG Machinery
-0.1%
SG Market
1 Year Returns
-19.4%
SGX:B49
0.6%
SG Machinery
-6%
SG Market
B49 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
World Precision Machinery (B49) -3.3% 3.6% 3.6% -19.4% -49.1% -60.3%
SG Machinery 0% 4.4% 11.2% 0.6% 16% -31.8%
SG Market -0.1% 3.3% 3.8% -6% 10.7% -2.8%
1 Year Return vs Industry and Market
  • B49 underperformed the Machinery industry which returned 0.6% over the past year.
  • B49 underperformed the Market in Singapore which returned -6% over the past year.
Price Volatility
B49
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for World Precision Machinery's competitors could be found in our database.

B49 Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of World Precision Machinery to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for World Precision Machinery.

SGX:B49 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:B49
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.06 (1 + (1- 25%) (13.09%))
1.11
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (1.11 * 5.96%)
8.92%

Discounted Cash Flow Calculation for SGX:B49 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for World Precision Machinery is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:B49 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.92%)
2019 11.00 Est @ -31.91% 10.10
2020 8.62 Est @ -21.65% 7.27
2021 7.37 Est @ -14.46% 5.71
2022 6.68 Est @ -9.43% 4.74
2023 6.28 Est @ -5.91% 4.10
2024 6.07 Est @ -3.45% 3.63
2025 5.96 Est @ -1.72% 3.28
2026 5.93 Est @ -0.51% 2.99
2027 5.95 Est @ 0.33% 2.76
2028 6.01 Est @ 0.92% 2.56
Present value of next 10 years cash flows CN¥47.14
SGX:B49 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥6.01 × (1 + 2.3%) ÷ (8.92% – 2.3%)
CN¥92.86
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥92.86 ÷ (1 + 8.92%)10
CN¥39.52
SGX:B49 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥47.14 + CN¥39.52
CN¥86.65
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥86.65 / 400.00
CN¥0.22
SGX:B49 Discount to Share Price
Calculation Result
Exchange Rate CNY/SGD
(Reporting currency to currency of SGX:B49)
0.202
Value per Share
(SGD)
= Value per Share in CNY x Exchange Rate (CNY/SGD)
= CN¥0.22 x 0.202
SGD0.04
Value per share (SGD) From above. SGD0.04
Current discount Discount to share price of SGD0.15
= -1 x (SGD0.15 - SGD0.04) / SGD0.04
-231.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of World Precision Machinery is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for World Precision Machinery's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are World Precision Machinery's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:B49 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.02
SGX:B49 Share Price ** SGX (2019-04-26) in SGD SGD0.15
SGX:B49 Share Price converted to CNY reporting currency Exchange rate (SGD/ CNY) 4.948 CN¥0.72
Singapore Machinery Industry PE Ratio Median Figure of 14 Publicly-Listed Machinery Companies 8.52x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of World Precision Machinery.

SGX:B49 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:B49 Share Price ÷ EPS (both in CNY)

= 0.72 ÷ 0.02

46.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • World Precision Machinery is overvalued based on earnings compared to the SG Machinery industry average.
  • World Precision Machinery is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does World Precision Machinery's expected growth come at a high price?
Raw Data
SGX:B49 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 46.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
30.3%per year
Singapore Machinery Industry PEG Ratio Median Figure of 5 Publicly-Listed Machinery Companies 0.44x
Singapore Market PEG Ratio Median Figure of 120 Publicly-Listed Companies 1.68x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for World Precision Machinery, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on World Precision Machinery's assets?
Raw Data
SGX:B49 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥2.67
SGX:B49 Share Price * SGX (2019-04-26) in SGD SGD0.15
SGX:B49 Share Price converted to CNY reporting currency Exchange rate (SGD/ CNY) 4.948 CN¥0.72
Singapore Machinery Industry PB Ratio Median Figure of 21 Publicly-Listed Machinery Companies 0.9x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:B49 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:B49 Share Price ÷ Book Value per Share (both in CNY)

= 0.72 ÷ 2.67

0.27x

* Primary Listing of World Precision Machinery.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • World Precision Machinery is good value based on assets compared to the SG Machinery industry average.
X
Value checks
We assess World Precision Machinery's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. World Precision Machinery has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

B49 Future Performance

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

  • No analysts cover World Precision Machinery, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
30.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is World Precision Machinery expected to grow at an attractive rate?
  • World Precision Machinery's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • World Precision Machinery's earnings growth is expected to exceed the Singapore market average.
  • Unable to compare World Precision Machinery's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:B49 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:B49 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 30.3%
Singapore Machinery Industry Earnings Growth Rate Market Cap Weighted Average 28.4%
Singapore Machinery Industry Revenue Growth Rate Market Cap Weighted Average -4.8%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 6.1%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:B49 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:B49 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SGX:B49 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 889 101 6
2018-09-30 869 131 20
2018-06-30 850 146 25
2018-03-31 802 162 23
2017-12-31 804 191 37
2017-09-30 811 183 34
2017-06-30 769 163 30
2017-03-31 732 177 29
2016-12-31 723 151 30
2016-09-30 651 182 18
2016-06-30 620 189 22
2016-03-31 616 211 28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • World Precision Machinery's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if World Precision Machinery is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:B49 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from World Precision Machinery Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:B49 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SGX:B49 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.02
2018-09-30 0.05
2018-06-30 0.06
2018-03-31 0.06
2017-12-31 0.09
2017-09-30 0.09
2017-06-30 0.07
2017-03-31 0.07
2016-12-31 0.08
2016-09-30 0.05
2016-06-30 0.06
2016-03-31 0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if World Precision Machinery will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess World Precision Machinery's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
World Precision Machinery has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

B49 Past Performance

  How has World Precision Machinery performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare World Precision Machinery's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • World Precision Machinery's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • World Precision Machinery's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • World Precision Machinery's 1-year earnings growth is negative, it can't be compared to the SG Machinery industry average.
Earnings and Revenue History
World Precision Machinery's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from World Precision Machinery Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:B49 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 888.86 6.13 135.70
2018-09-30 869.34 20.42 132.50
2018-06-30 850.03 25.24 129.07
2018-03-31 801.80 22.64 131.56
2017-12-31 803.88 36.75 132.24
2017-09-30 810.80 34.12 143.83
2017-06-30 768.63 29.54 139.25
2017-03-31 731.62 29.43 135.55
2016-12-31 723.11 30.08 131.38
2016-09-30 650.83 18.48 127.10
2016-06-30 619.85 22.04 131.14
2016-03-31 615.85 27.60 133.19
2015-12-31 559.12 21.67 132.10
2015-09-30 649.25 65.45 112.89
2015-06-30 701.94 77.94 114.84
2015-03-31 762.21 89.85 117.03
2014-12-31 864.30 108.02 129.68
2014-09-30 819.79 103.83 134.45
2014-06-30 841.62 111.42 133.66
2014-03-31 840.02 107.46 134.90
2013-12-31 814.57 101.02 128.35
2013-09-30 794.35 74.13 125.68
2013-06-30 777.37 48.43 129.72
2013-03-31 752.88 56.02 122.12
2012-12-31 786.52 74.89 121.33
2012-09-30 875.06 109.30 132.17
2012-06-30 976.47 150.35 128.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • World Precision Machinery has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • World Precision Machinery used its assets less efficiently than the SG Machinery industry average last year based on Return on Assets.
  • It is difficult to establish if World Precision Machinery improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess World Precision Machinery's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
World Precision Machinery has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

B49 Health

 How is World Precision Machinery's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up World Precision Machinery's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • World Precision Machinery is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • World Precision Machinery's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of World Precision Machinery's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 17x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from World Precision Machinery Company Filings, last reported 3 months ago.

SGX:B49 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,067.39 36.53 21.26
2018-09-30 1,078.27 50.23 21.62
2018-06-30 1,075.15 54.26 18.60
2018-03-31 1,062.59 49.50 8.05
2017-12-31 1,061.38 38.52 16.51
2017-09-30 1,057.94 42.38 5.10
2017-06-30 1,049.89 94.68 9.65
2017-03-31 1,039.88 118.99 3.70
2016-12-31 1,024.67 125.94 10.17
2016-09-30 1,023.68 144.32 9.30
2016-06-30 1,020.11 176.71 9.76
2016-03-31 1,060.76 181.17 13.02
2015-12-31 1,042.67 181.13 13.67
2015-09-30 1,101.98 165.00 37.77
2015-06-30 1,094.81 180.00 17.45
2015-03-31 1,118.72 207.50 10.30
2014-12-31 1,108.63 255.00 50.92
2014-09-30 1,116.14 257.50 14.13
2014-06-30 1,096.65 270.00 7.45
2014-03-31 1,093.65 290.00 28.68
2013-12-31 1,065.53 300.00 35.29
2013-09-30 1,036.99 320.00 60.31
2013-06-30 1,007.39 355.00 70.77
2013-03-31 1,002.14 433.56 113.09
2012-12-31 979.71 516.63 145.58
2012-09-30 978.62 426.62 142.53
2012-06-30 977.68 322.58 219.24
  • World Precision Machinery's level of debt (3.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (28.1% vs 3.4% today).
  • Debt is well covered by operating cash flow (275.8%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on World Precision Machinery's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess World Precision Machinery's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. World Precision Machinery has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

B49 Dividends

 What is World Precision Machinery's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from World Precision Machinery dividends.
If you bought SGD2,000 of World Precision Machinery shares you are expected to receive SGD0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate World Precision Machinery's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate World Precision Machinery's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:B49 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Singapore Machinery Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 3.3%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:B49 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SGX:B49 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2017-11-13 0.000 0.000
2017-08-14 0.000 0.000
2017-04-28 0.000 0.000
2017-04-13 0.000 0.000
2017-03-02 0.000 0.000
2016-11-14 0.000 0.000
2016-04-22 0.250 17.593
2015-11-16 0.250 18.344
2015-03-02 0.200 13.394
2014-11-11 0.200 13.334
2014-04-16 0.063 3.697
2013-04-10 0.050 2.703
2012-02-28 0.135 6.080
2011-04-13 0.119 4.363
2011-02-18 0.119 4.052
2010-04-15 0.150 9.749
2010-03-01 0.150 13.600

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as World Precision Machinery has not reported any payouts.
  • Unable to verify if World Precision Machinery's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of World Precision Machinery's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as World Precision Machinery 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.
X
Income/ dividend checks
We assess World Precision Machinery's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can World Precision Machinery afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. World Precision Machinery has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

B49 Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ming Lei Ge
TENURE AS CEO 2.7 years
CEO Bio

Mr. Ming Lei Ge is the General Manager of World Precise Machinery (China) Co Ltd since August 2016 and served as its Chief Deputy General Manager since March 2016. Mr. Ge has been the Chief Executive Officer at World Precision Machinery Limited (formerly Bright World Precision Machinery Ltd.) since August 12, 2016 and served as its Deputy General Manager of WPMC from December 2015 to August 12, 2016 and served as its a Technical Manager of WPM (China) from June 2004 to December 2015. He Graduated from the Jiangsu Technological University with a Bachelor in Machinery and Electronics Engineering in 1999.

CEO Compensation
  • Insufficient data for Ming Lei to compare compensation growth.
  • Insufficient data for Ming Lei to establish whether their remuneration is reasonable compared to companies of similar size in Singapore.
Management Team Tenure

Average tenure and age of the World Precision Machinery management team in years:

3.3
Average Tenure
45
Average Age
  • The tenure for the World Precision Machinery management team is about average.
Management Team

Jianjun Shao

TITLE
Executive Chairman
AGE
62

Ming Lei Ge

TITLE
CEO & GM of WPM (China)
TENURE
2.7 yrs

Samuell Ng

TITLE
Chief Financial Officer
AGE
41
TENURE
10.8 yrs

Guojun Bao

TITLE
Chief Technology Officer & Chief Engineer of WPM (China)
AGE
45
TENURE
3.3 yrs

Baoping Ge

TITLE
Deputy GM & Chief Procurement Officer of WPM (China)
TENURE
3.3 yrs

Perry Yuen

TITLE
Company Secretary
Board of Directors Tenure

Average tenure of the World Precision Machinery board of directors in years:

7.4
Average Tenure
  • The tenure for the World Precision Machinery board of directors is about average.
Board of Directors

Jianjun Shao

TITLE
Executive Chairman
AGE
62
TENURE
6 yrs

Lawrence Phang

TITLE
Lead Independent Director
TENURE
6 yrs

Yoke Hean Lim

TITLE
Independent Director
AGE
64
TENURE
8.8 yrs

Weiyao Wang

TITLE
Non-Executive & Non-Independent Director
TENURE
14.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
X
Management checks
We assess World Precision Machinery's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. World Precision Machinery has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

B49 News

Simply Wall St News

Do Institutions Own World Precision Machinery Limited (SGX:B49) Shares?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … World Precision Machinery is not a large company by global standards. … Check out our latest analysis for World Precision Machinery

Simply Wall St -

Has World Precision Machinery Limited's (SGX:B49) Earnings Momentum Changed Recently?

Examining World Precision Machinery Limited's (SGX:B49) past track record of performance is a valuable exercise for investors. … Below, I will assess B49's latest performance announced on 31 March 2018 and weigh these figures against its longer term trend and industry movements. … View our latest analysis for World Precision Machinery.

Simply Wall St -

Why World Precision Machinery Limited (SGX:B49) Delivered An Inferior ROE Compared To The Industry

World Precision Machinery Limited (SGX:B49) generated a below-average return on equity of 2.13% in the past 12 months, while its industry returned 6.83%. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into B49's past performance. … View our latest analysis for World Precision Machinery

Simply Wall St -

Should You Be Tempted To Sell World Precision Machinery Limited (SGX:B49) Because Of Its PE Ratio?

and want to better understand how you can grow your money by investing in World Precision Machinery Limited (SGX:B49). … World Precision Machinery Limited (SGX:B49) is currently trading at a trailing P/E of 14.3x, which is higher than the industry average of 12x. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind

Simply Wall St -

Is World Precision Machinery Limited's (SGX:B49) PE Ratio A Signal To Buy For Investors?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for B49 Price per share = CN¥0.94 Earnings per share = CN¥0.092 ∴ Price-Earnings Ratio = CN¥0.94 ÷ CN¥0.092 = 10.2x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared higher growth firms with B49, then B49’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price.

Simply Wall St -

Top 3 Cheap Stocks For The Month

World Precision Machinery and Trek 2000 International are two of the stocks I have identified as undervalued. … World Precision Machinery Limited (SGX:B49) World Precision Machinery Limited, an investment holding company, manufactures, distributes, and sells stamping, cutting, and bending machines in the People’s Republic of China. … In terms of relative valuation, B49’s PE ratio is trading at 10.21x compared to its index peer level of, 14.05x meaning that relative to its comparable set of companies, you can buy B49’s shares at a cheaper price.

Simply Wall St -

World Precision Machinery Limited (SGX:B49): Time For A Financial Health Check

How does B49’s operating cash flow stack up against its debt? … Moreover, B49 has produced cash from operations of CN¥150.80M over the same time period, resulting in an operating cash to total debt ratio of 119.74%, signalling that B49’s debt is appropriately covered by operating cash. … For B49, the ratio of 7.41x suggests that interest is appropriately covered, which means that lenders may be less hesitant to lend out more funding as B49’s high interest coverage is seen as responsible and safe practice.Next Steps: B49 has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at a safe level.

Simply Wall St -

B49 Company Info

Description

World Precision Machinery Limited, an investment holding company, manufactures and sells stamping, cutting, and bending machines in the People’s Republic of China. The company’s products include high performance C-frame fixed, C-frame inclined, and C-frame dual-pistons fixed stamping machines; and single point fixed bolster, C-frame fixed bolster, C-frame deep-throat fixed bolster, single point, closed type double-point, half straight-side two points, closed type single point, straight-side two point, and single action hydraulic presses, as well as computer numeric control punching machines. It also provides hydraulic swing beam shears, hydraulic gate type shearing machines, and hydraulic sheet metal press brakes. In addition, the company offers related components, including machinery parts and accessories, as well as precision components. It provides its products for various industries comprising automotive parts, home appliances, electronics, railways, aeroplane, hardware, machinery, etc. under the AOTU and World names. The company also exports its products to Southeast Asia, Europe, South America, and South Africa. The company was formerly known as Bright World Precision Machinery Limited and changed its name to World Precision Machinery Limited in April 2011. World Precision Machinery Limited was incorporated in 2004 and is based in Danyang, the People’s Republic of China. World Precision Machinery Limited is a subsidiary of World Sharehold Limited.

Details
Name: World Precision Machinery Limited
B49
Exchange: SGX
Founded: 2004
SGD56,400,000
400,000,000
Website: http://www.wpmlimited.com
Address: World Precision Machinery Limited
Picheng Town,
Danyang,
Jiangsu Province, 212311,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX B49 Ordinary Shares Singapore Exchange SG SGD 27. Apr 2006
Number of employees
Current staff
Staff numbers
2,028
World Precision Machinery employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/26 12:49
End of day share price update: 2019/04/26 00:00
Last estimates confirmation: 2018/02/28
Last earnings filing: 2019/04/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.