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Sunningdale Tech

SGX:BHQ
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BHQ
SGX
SGD267M
Market Cap
  1. Home
  2. SG
  3. Capital Goods
Company description

Sunningdale Tech Ltd manufactures and sells dies, tools, jigs, fixtures, high precision steel molds, and plastic components. The last earnings update was 73 days ago. More info.


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BHQ Share Price and Events
7 Day Returns
-1.4%
SGX:BHQ
2.2%
SG Machinery
0.4%
SG Market
1 Year Returns
4.5%
SGX:BHQ
13.7%
SG Machinery
2.1%
SG Market
BHQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sunningdale Tech (BHQ) -1.4% 1.5% 4.5% 4.5% 31.8% 29.3%
SG Machinery 2.2% 2.1% -6.9% 13.7% 17.3% -33.7%
SG Market 0.4% 4% 0.5% 2.1% 8.9% -5%
1 Year Return vs Industry and Market
  • BHQ underperformed the Machinery industry which returned 13.7% over the past year.
  • BHQ outperformed the Market in Singapore which returned 2.1% over the past year.
Price Volatility
BHQ
Industry
5yr Volatility vs Market

BHQ Value

 Is Sunningdale Tech 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 Sunningdale Tech 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 Sunningdale Tech.

SGX:BHQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.3%
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:BHQ
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 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.082 (1 + (1- 17%) (46.83%))
1.337
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (1.337 * 5.96%)
10.27%

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

The calculations below outline how an intrinsic value for Sunningdale Tech 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:BHQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 10.27%)
2020 30.49 Analyst x1 27.65
2021 34.57 Analyst x1 28.43
2022 37.85 Est @ 9.48% 28.22
2023 40.62 Est @ 7.32% 27.47
2024 42.98 Est @ 5.82% 26.36
2025 45.03 Est @ 4.76% 25.04
2026 46.84 Est @ 4.03% 23.63
2027 48.48 Est @ 3.51% 22.18
2028 50.01 Est @ 3.15% 20.74
2029 51.46 Est @ 2.89% 19.36
Present value of next 10 years cash flows SGD249.08
SGX:BHQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SGD51.46 × (1 + 2.3%) ÷ (10.27% – 2.3%)
SGD660.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD660.62 ÷ (1 + 10.27%)10
SGD248.49
SGX:BHQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD249.08 + SGD248.49
SGD497.57
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD497.57 / 190.65
SGD2.61
SGX:BHQ Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD2.61
Current discount Discount to share price of SGD1.39
= -1 x (SGD1.39 - SGD2.61) / SGD2.61
46.7%

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

Current Discount
Amount off the current price Sunningdale Tech is available for.
Intrinsic value
47%
Share price is SGD1.39 vs Future cash flow value of SGD2.61
Current Discount Checks
For Sunningdale Tech to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sunningdale Tech's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sunningdale Tech's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Sunningdale Tech's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sunningdale Tech's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:BHQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SGD SGD0.15
SGX:BHQ Share Price ** SGX (2019-07-18) in SGD SGD1.39
Singapore Machinery Industry PE Ratio Median Figure of 13 Publicly-Listed Machinery Companies 9.15x
Singapore Market PE Ratio Median Figure of 326 Publicly-Listed Companies 13.09x

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

** Primary Listing of Sunningdale Tech.

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

= SGX:BHQ Share Price ÷ EPS (both in SGD)

= 1.39 ÷ 0.15

9.22x

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

  • Sunningdale Tech is overvalued based on earnings compared to the SG Machinery industry average.
  • Sunningdale Tech is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does Sunningdale Tech's expected growth come at a high price?
Raw Data
SGX:BHQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-1.7%per year
Singapore Machinery Industry PEG Ratio Median Figure of 5 Publicly-Listed Machinery Companies 0.33x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.63x

*Line of best fit is calculated by linear regression .

SGX:BHQ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.22x ÷ -1.7%

-5.46x

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

  • Sunningdale Tech earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sunningdale Tech's assets?
Raw Data
SGX:BHQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SGD SGD2.02
SGX:BHQ Share Price * SGX (2019-07-18) in SGD SGD1.39
Singapore Machinery Industry PB Ratio Median Figure of 20 Publicly-Listed Machinery Companies 0.81x
Singapore Market PB Ratio Median Figure of 430 Publicly-Listed Companies 0.72x
SGX:BHQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:BHQ Share Price ÷ Book Value per Share (both in SGD)

= 1.39 ÷ 2.02

0.69x

* Primary Listing of Sunningdale Tech.

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

  • Sunningdale Tech is good value based on assets compared to the SG Machinery industry average.
X
Value checks
We assess Sunningdale Tech'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. Sunningdale Tech has a total score of 4/6, 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.

BHQ Future Performance

 How is Sunningdale Tech expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
-1.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sunningdale Tech expected to grow at an attractive rate?
  • Sunningdale Tech's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Sunningdale Tech's earnings are expected to decrease over the next 1-3 years, this is below the Singapore market average.
  • Sunningdale Tech's revenue growth is positive but not above the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:BHQ Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:BHQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -1.7%
SGX:BHQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 3.2%
Singapore Machinery Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
Singapore Machinery Industry Revenue Growth Rate Market Cap Weighted Average -0.3%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.7%
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:BHQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:BHQ Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 781 51 24 2
2020-12-31 755 49 23 2
2019-12-31 731 53 20 2
SGX:BHQ Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-03-31 717 40 29
2018-12-31 727 35 30
2018-09-30 730 23 27
2018-06-30 726 30 27
2018-03-31 722 38 26
2017-12-31 725 38 31
2017-09-30 722 42 45
2017-06-30 706 53 48
2017-03-31 695 47 43
2016-12-31 684 53 39
2016-09-30 678 65 31
2016-06-30 682 62 36

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sunningdale Tech's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Sunningdale Tech's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
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:BHQ 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 2 Analyst Estimates (S&P Global) See Below

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

SGX:BHQ Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.13 0.14 0.11 2.00
2020-12-31 0.12 0.13 0.11 2.00
2019-12-31 0.10 0.11 0.10 2.00
SGX:BHQ Past Financials Data
Date (Data in SGD Millions) EPS *
2019-03-31 0.15
2018-12-31 0.16
2018-09-30 0.14
2018-06-30 0.14
2018-03-31 0.14
2017-12-31 0.17
2017-09-30 0.24
2017-06-30 0.25
2017-03-31 0.23
2016-12-31 0.21
2016-09-30 0.16
2016-06-30 0.20

*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.
  • Sunningdale Tech is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sunningdale Tech'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.
Sunningdale Tech has a total score of 0/6, 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.

BHQ Past Performance

  How has Sunningdale Tech 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 Sunningdale Tech'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.
  • Sunningdale Tech's year on year earnings growth rate has been positive over the past 5 years.
  • Sunningdale Tech's 1-year earnings growth exceeds its 5-year average (11.8% vs 4.5%)
  • Sunningdale Tech's earnings growth has not exceeded the SG Machinery industry average in the past year (11.8% vs 33%).
Earnings and Revenue History
Sunningdale Tech'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 Sunningdale Tech Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:BHQ Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 717.33 28.61 56.55
2018-12-31 726.80 29.76 56.54
2018-09-30 729.64 26.95 56.31
2018-06-30 726.03 27.14 55.25
2018-03-31 721.74 25.60 54.54
2017-12-31 724.55 31.36 54.89
2017-09-30 721.62 45.11 55.08
2017-06-30 705.96 47.58 54.95
2017-03-31 694.99 43.19 55.06
2016-12-31 684.46 39.07 54.54
2016-09-30 678.41 30.74 53.89
2016-06-30 682.45 36.44 57.13
2016-03-31 681.21 38.63 57.99
2015-12-31 674.46 42.10 57.88
2015-09-30 631.38 40.10 53.84
2015-06-30 575.32 27.84 47.05
2015-03-31 524.42 26.28 41.82
2014-12-31 475.61 27.68 37.73
2014-09-30 462.32 20.54 36.97
2014-06-30 463.05 20.71 36.58
2014-03-31 471.63 19.79 35.90
2013-12-31 476.00 13.65 35.40
2013-09-30 467.71 12.19 35.75
2013-06-30 467.41 9.88 35.59
2013-03-31 450.76 8.83 35.50
2012-12-31 451.33 9.56 35.68
2012-09-30 457.32 -13.06 36.33

*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.
  • Sunningdale Tech has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sunningdale Tech used its assets less efficiently than the SG Machinery industry average last year based on Return on Assets.
  • Sunningdale Tech's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sunningdale Tech'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.
Sunningdale Tech has a total score of 2/6, 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.

BHQ Health

 How is Sunningdale Tech'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 Sunningdale Tech's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sunningdale Tech is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sunningdale Tech's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sunningdale Tech'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 4.6x 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 Sunningdale Tech Company Filings, last reported 3 months ago.

SGX:BHQ Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 384.32 104.66 112.51
2018-12-31 381.32 109.72 87.06
2018-09-30 371.94 110.54 86.10
2018-06-30 379.56 105.68 86.68
2018-03-31 374.72 106.56 103.78
2017-12-31 366.12 103.68 103.64
2017-09-30 355.20 103.18 109.37
2017-06-30 350.58 107.71 111.59
2017-03-31 349.58 99.87 111.01
2016-12-31 351.32 99.76 113.59
2016-09-30 324.30 105.53 105.76
2016-06-30 315.95 111.76 100.08
2016-03-31 329.83 117.08 117.29
2015-12-31 330.61 120.00 117.12
2015-09-30 325.17 129.38 106.75
2015-06-30 312.54 131.50 96.72
2015-03-31 321.41 134.23 109.38
2014-12-31 305.27 137.02 99.41
2014-09-30 288.34 54.37 110.16
2014-06-30 257.40 52.65 79.14
2014-03-31 260.72 54.53 84.34
2013-12-31 252.69 59.75 78.50
2013-09-30 245.42 62.14 69.79
2013-06-30 243.56 63.51 52.10
2013-03-31 241.33 61.93 45.50
2012-12-31 233.54 58.57 54.10
2012-09-30 230.94 55.89 45.80
  • Sunningdale Tech's level of debt (27.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (20.9% vs 27.2% today).
  • Debt is well covered by operating cash flow (38.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.4x coverage).
X
Financial health checks
We assess Sunningdale Tech'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. Sunningdale Tech 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.

BHQ Dividends

 What is Sunningdale Tech'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
5.76%
Current annual income from Sunningdale Tech dividends. Estimated to be 5.76% next year.
If you bought SGD2,000 of Sunningdale Tech shares you are expected to receive SGD115 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?
  • Sunningdale Tech's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.57%).
  • Sunningdale Tech's dividend is above the markets top 25% of dividend payers in Singapore (5.5%).
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:BHQ 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 2 Analyst Estimates (S&P Global) See Below
Singapore Machinery Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 3.4%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.8%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.7%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.6%
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:BHQ Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.08 1.00
2020-12-31 0.08 1.00
2019-12-31 0.08 1.00
SGX:BHQ Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-03-25 0.080 5.934
2019-02-28 0.080 5.762
2018-03-26 0.070 4.909
2017-11-08 0.050 2.600
2017-08-02 0.050 2.413
2017-03-28 0.060 3.239
2017-02-27 0.060 3.951
2016-04-01 0.050 4.558
2015-04-24 0.040 4.390
2015-02-26 0.040 3.934
2014-06-12 0.035 3.570
2013-11-06 0.000 0.000
2013-08-12 0.000 0.000
2013-04-10 0.060 9.460
2012-11-08 0.060 9.377
2012-08-13 0.060 9.509
2012-05-04 0.060 10.061
2012-02-29 0.000 0.000
2011-04-05 0.030 4.920
2011-02-24 0.030 3.729
2010-02-24 0.020 2.086
2009-12-31 0.020 3.007
2009-08-12 0.000 0.000
2009-05-14 0.000 0.000
2009-04-21 0.000 0.000
2009-02-24 0.000 0.000

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Sunningdale Tech's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Sunningdale Tech's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 Sunningdale Tech afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sunningdale Tech has a total score of 5/6, see the detailed checks below.


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

BHQ Management

 What is the CEO of Sunningdale Tech'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
Boo Hor Khoo
AGE 54
TENURE AS CEO 10.5 years
CEO Bio

Mr. Boo Hor Khoo has been the Chief Executive Officer of Sunningdale Tech Ltd. since January 1, 2009. Mr. Khoo served as an Operations Director of Sunningdale Precision Industries Ltd. Mr. Khoo joined the Sunningdale Group on May 18, 2005 and is responsible for its manufacturing operations. He served as an Operations Director of Sunningdale Tech Ltd. (formerly, Tech Group Asia Ltd.) since May 18, 2005. Mr. Khoo served as the Director of Operations for Hewlett Packard (“HP”) Singapore, where he was responsible for HP’s Enterprise Storage & Server manufacturing operations. He worked in HP in various capacities for over 16 years. He has been an Executive Director of Sunningdale Tech Ltd. since November 10, 2008. Mr. Khoo holds a Bachelor of Science Degree and Bachelor of Engineering Degree from Monash University, as well as a Master of Business Administration Degree from the University of Louisville, Kentucky.

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

Boo Hor Khoo

TITLE
CEO & Executive Director
AGE
54
TENURE
10.5 yrs

Hui Ling Soh

TITLE
Chief Financial Officer

Cindy Bin

TITLE
Human Resource Director

Tung Sing Chan

TITLE
Senior Vice President of Business Development

Simon Tan

TITLE
GM & Senior VP of Corporate Management
TENURE
18.5 yrs

Dorothy Ho

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the Sunningdale Tech board of directors in years:

10.7
Average Tenure
54
Average Age
  • The average tenure for the Sunningdale Tech board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Boon Hwee Koh

TITLE
Non Executive Chairman
AGE
68
TENURE
3.6 yrs

Boo Hor Khoo

TITLE
CEO & Executive Director
AGE
54
TENURE
10.7 yrs

Kaka Singh

TITLE
Lead Independent Director

Gabriel Teo

TITLE
Independent Director
TENURE
14 yrs

Sim Ho Ong

TITLE
Independent Director
AGE
50
TENURE
14 yrs

Eileen Tay-Tan

TITLE
Independent Director
AGE
66
TENURE
2.1 yrs

Chi Hung Wong

TITLE
Non-Executive Director
TENURE
15.2 yrs

Wai San Loke

TITLE
Independent Director
AGE
51
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
X
Management checks
We assess Sunningdale Tech'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. Sunningdale Tech 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.

BHQ News

Simply Wall St News

Shareholders Should Look Hard At Sunningdale Tech Ltd’s (SGX:BHQ) 4.8% Return On Capital

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Sunningdale Tech: 0.048 = S$21m ÷ (S$721m - S$289m) (Based on the trailing twelve months to March 2019.) Therefore, Sunningdale Tech has an ROCE of 4.8%. … Do Sunningdale Tech's Current Liabilities Skew Its ROCE? … With a medium level of current liabilities boosting the ROCE a little, Sunningdale Tech's low ROCE is unappealing.

Simply Wall St -

These 4 Measures Indicate That Sunningdale Tech (SGX:BHQ) Is Using Debt Extensively

We note that Sunningdale Tech Ltd (SGX:BHQ) does have debt on its balance sheet. … Sunningdale Tech boasts net cash, so it's fair to say it does not have a heavy debt load! … While Sunningdale Tech has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance.

Simply Wall St -

An Intrinsic Calculation For Sunningdale Tech Ltd (SGX:BHQ) Suggests It's 49% Undervalued

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (SGD, Millions) SGD63.35 SGD30.49 SGD34.57 SGD37.85 SGD40.62 SGD42.98 SGD45.03 SGD46.84 SGD48.48 SGD50.01 Growth Rate Estimate Source Analyst x1 Analyst x1 Analyst x1 Est @ 9.48% Est @ 7.32% Est @ 5.82% Est @ 4.76% Est @ 4.03% Est @ 3.51% Est @ 3.15% Present Value (SGD, Millions) Discounted @ 10.26% SGD57.45 SGD25.08 SGD25.79 SGD25.60 SGD24.92 SGD23.92 SGD22.72 SGD21.44 SGD20.12 SGD18.83 Present Value of 10-year Cash Flow (PVCF)= SGD265.87m "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = S$50m × (1 + 2.3%) ÷ (10.3% – 2.3%) = S$643m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = SGDS$643m ÷ ( 1 + 10.3%)10 = SGD241.95m The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is SGD507.82m. … SGX:BHQ Intrinsic value, June 27th 2019 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

Is Sunningdale Tech Ltd (SGX:BHQ) Trading At A 49% Discount?

In this article we are going to estimate the intrinsic value of Sunningdale Tech Ltd (SGX:BHQ) by taking the expected future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (SGD, Millions) SGD63.35 SGD30.49 SGD34.57 SGD37.85 SGD40.62 SGD42.98 SGD45.03 SGD46.84 SGD48.48 SGD50.01 Growth Rate Estimate Source Analyst x1 Analyst x1 Analyst x1 Est @ 9.48% Est @ 7.32% Est @ 5.82% Est @ 4.76% Est @ 4.03% Est @ 3.51% Est @ 3.15% Present Value (SGD, Millions) Discounted @ 10.26% SGD57.45 SGD25.08 SGD25.79 SGD25.60 SGD24.92 SGD23.92 SGD22.72 SGD21.44 SGD20.12 SGD18.83 Present Value of 10-year Cash Flow (PVCF)= SGD265.87m "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … SGX:BHQ Intrinsic value, June 27th 2019 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

These Factors Make Sunningdale Tech Ltd (SGX:BHQ) An Interesting Investment

Basically, it is a financially-sound company with a an impressive history high-quality dividend payments, trading at a great value. … Excellent balance sheet, good value and pays a dividend BHQ's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. … SGX:BHQ Intrinsic value, June 17th 2019 BHQ's high dividend payments make it one of the best dividend stocks on the market, and it has also been able to maintain it at a level in which net income is able to cover dividend payments.

Simply Wall St -

How Does Sunningdale Tech Ltd (SGX:BHQ) Affect Your Portfolio Volatility?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … This is above 1, so historically its share price has been influenced by the broader volatility of the stock market. … What this means for you: Since Sunningdale Tech has a reasonably high beta, it's worth considering why it is so heavily influenced by broader market sentiment.

Simply Wall St -

What Kind Of Investor Owns Most Of Sunningdale Tech Ltd (SGX:BHQ)?

The big shareholder groups in Sunningdale Tech Ltd (SGX:BHQ) have power over the company. … Insider Ownership Of Sunningdale Tech The definition of company insiders can be subjective, and does vary between jurisdictions. … Private Company Ownership Our data indicates that Private Companies hold 8.0%, of the company's shares.

Simply Wall St -

What Is Sunningdale Tech Ltd's (SGX:BHQ) Share Price Doing?

received a lot of attention from a substantial price movement on the SGX over the last few months, increasing to SGD1.64 at one point, and dropping to the lows of SGD1.33. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Sunningdale Tech's current trading price of SGD1.35 reflective of the actual value of the?

Simply Wall St -

The Sunningdale Tech (SGX:BHQ) Share Price Is Up 59% And Shareholders Are Holding On

Sunningdale Tech Ltd (SGX:BHQ) shareholders might be concerned after seeing the share price drop 11% in the last quarter. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During five years of share price growth, Sunningdale Tech achieved compound earnings per share (EPS) growth of 12% per year.

Simply Wall St -

Only 4 Days Left To Cash In On Sunningdale Tech Ltd (SGX:BHQ) Dividend

Have you been keeping an eye on Sunningdale Tech Ltd's (SGX:BHQ) upcoming dividend of S$0.05 per share payable on the 30 April 2019? … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into Sunningdale Tech's latest financial data to analyse its dividend attributes. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

BHQ Company Info

Description

Sunningdale Tech Ltd manufactures and sells dies, tools, jigs, fixtures, high precision steel molds, and plastic components. The company operates through four segments: Automotive, Healthcare, Consumer/IT, and Mould Fabrication. The Automotive segment produces faceplates for automotive audio systems and climate controls, speedometers/clusters, steering switches, exterior antenna covers, etc. The Healthcare segment produces scoops, caps, and drug delivery and diagnostic devices. The Consumer/IT segment produces IT, consumer, and telecommunication products, including point-of-sale terminals, water filtration products, grooming products, inkjet cartridges, etc. The Mould Fabrication segment designs and manufactures molds that are used in the manufacture of plastic injection parts. The company is also involved in the trading of car audio equipment; manufacture of plastic products in video front panels, office automation products, and sub-assembly of paper feeders for printers and computer components; contract manufacturing of assembled plastic products; and manufacture and sale of precision plastic injection molding products and engineering plastic components, as well as painted and laser etched plastic parts. In addition, it provides technical consulting services. The company offers its products to multi-national companies and original equipment manufacturers in Singapore, Thailand, Indonesia, Malaysia, the People's Republic of China, Hong Kong, the Americas, Europe, and internationally. Sunningdale Tech Ltd is headquartered in Singapore.

Details
Name: Sunningdale Tech Ltd
BHQ
Exchange: SGX
Founded:
SGD266,905,570
190,646,836
Website: http://www.sdaletech.com
Address: Sunningdale Tech Ltd
51 Joo Koon Circle,
Singapore,
629069,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX BHQ Ordinary Shares Singapore Exchange SG SGD 20. Oct 2003
Number of employees
Current staff
Staff numbers
9,000
Sunningdale Tech employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 12:33
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/05/08
Last earnings filing: 2019/05/06
Last earnings reported: 2019/03/31
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.