SGX:BKX

Stock Analysis Report

Executive Summary

Yongmao Holdings Limited, an investment holding company, designs, develops, manufactures, sells, rents, and services construction machineries, tower cranes, and tower crane related components and accessories.


Snowflake Analysis

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BKX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

12.2%

BKX

2.0%

SG Machinery

-0.7%

SG Market


1 Year Return

n/a

BKX

-23.1%

SG Machinery

-3.7%

SG Market

Return vs Industry: Insufficient data to determine how BKX performed against the SG Machinery industry.

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


Shareholder returns

BKXIndustryMarket
7 Day12.2%2.0%-0.7%
30 Day-5.9%-2.3%-2.2%
90 Day2.3%-2.5%-1.6%
1 Yearn/a-21.4%-23.1%0.2%-3.7%
3 Year26.2%16.7%-10.6%-16.2%8.6%-2.9%
5 Year-0.05%-12.5%-29.7%-38.1%8.9%-9.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BKX (SGD0.88) is trading below our estimate of fair value (SGD2.83)

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


Price To Earnings Ratio

PE vs Industry: BKX is good value based on its PE Ratio (4.3x) compared to the Machinery industry average (8.7x).

PE vs Market: BKX is good value based on its PE Ratio (4.3x) compared to the SG market (13.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BKX is good value based on its PB Ratio (0.5x) compared to the SG Machinery industry average (0.6x).


Next Steps

Future Growth

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

28.2%

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 Yongmao Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Yongmao Holdings performed over the past 5 years?

10.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BKX has high quality earnings.

Growing Profit Margin: BKX's current net profit margins (8.5%) are higher than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: BKX's earnings have grown by 10% per year over the past 5 years.

Accelerating Growth: BKX's earnings growth over the past year (269.3%) exceeds its 5-year average (10% per year).

Earnings vs Industry: BKX earnings growth over the past year (269.3%) exceeded the Machinery industry 4.6%.


Return on Equity

High ROE: BKX's Return on Equity (10.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Yongmao Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: BKX's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥816.4M).

Long Term Liabilities: BKX's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥59.0M).


Debt to Equity History and Analysis

Debt Level: BKX's debt to equity ratio (27%) is considered satisfactory.

Reducing Debt: BKX's debt to equity ratio has reduced from 58.5% to 27% over the past 5 years.

Debt Coverage: BKX's debt is well covered by operating cash flow (29.2%).

Interest Coverage: BKX's interest payments on its debt are well covered by EBIT (7.7x coverage).


Balance Sheet

Inventory Level: BKX has a high level of physical assets or inventory.

Debt Coverage by Assets: BKX's debt is covered by short term assets (assets are 5.1x debt).


Next Steps

  • Explore more healthy companies in the Capital Goods industry.

Dividend

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

3.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BKX's dividend (3.42%) is higher than the bottom 25% of dividend payers in the SG market (2.56%).

High Dividend: BKX's dividend (3.42%) is low compared to the top 25% of dividend payers in the SG market (5.66%).


Stability and Growth of Payments

Stable Dividend: BKX's dividend payments have been volatile in the past 10 years.

Growing Dividend: BKX's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.5%), BKX's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

7.0yrs

Average management tenure


CEO

Ruo Tian (63yo)

13.1yrs

Tenure

Ms. Tian Ruo Nan is a Co-Founder of Yongmao Holdings Ltd. and has been its Chief Executive Officer since 2007. Ms. Tian is responsible for and oversees the day-to-day management of Yongmao Holdings Group.  ...


Leadership Team

NamePositionTenureCompensationOwnership
Zhao Sun
Founder & Executive Chairman0yrsno datano data
Ruo Tian
Co-Founder13.1yrsno data0.075% CN¥58.3k
Soon Yong Yap
CFO & Joint Company Secretary6.6yrsno data0.16% CN¥122.5k
Yong Shi
Group Sales & Marketing Manager0yrsno datano data
Tian Sun
Group GM & Executive Director14.2yrsno data0.95% CN¥736.7k
Kuei Lian Siau
Joint Company Secretary0.3yrsno datano data

7.0yrs

Average Tenure

56yo

Average Age

Experienced Management: BKX's management team is seasoned and experienced (7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Zhao Sun
Founder & Executive Chairman0yrsno datano data
Ruo Tian
Co-Founder13.1yrsno data0.075% CN¥58.3k
Tian Sun
Group GM & Executive Director14.2yrsno data0.95% CN¥736.7k
Kee-Lock Chua
Lead Independent Director12.2yrsno datano data
San-Tiong Ng
Deputy Chairman0yrsno datano data
Mun Lai
Independent Director12.2yrsno datano data
Chee Hoon
Independent & Non-Executive Director0.4yrsno datano data

12.2yrs

Average Tenure

62yo

Average Age

Experienced Board: BKX's board of directors are seasoned and experienced ( 12.2 years average tenure).


Ownership

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


Insider Trading Volume

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


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Yongmao Holdings Limited
  • Ticker: BKX
  • Exchange: SGX
  • Founded: 1992
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: S$77.656m
  • Shares outstanding: 88.75m
  • Website: https://www.yongmaoholdings.com

Location

  • Yongmao Holdings Limited
  • 81 Ubi Avenue 4
  • No. 09-01 UB. One
  • Singapore
  • 408830
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BKXSGX (Singapore Exchange)YesOrdinary SharesSGSGDFeb 2008

Biography

Yongmao Holdings Limited, an investment holding company, designs, develops, manufactures, sells, rents, and services construction machineries, tower cranes, and tower crane related components and accessories. The company offers Topless STT, ST, Luffing STL, and Derrick Q series tower cranes with lifting capacities in the range of 80 to 3,300 tonne-metres under the Yongmao brand. It also maintains, installs, erects, and dismantles tower cranes. The company primarily serves construction sites, infrastructure projects, and shipbuilding industry; and construction equipment distributors and equipment rental companies. It operates in China, Hong Kong, Macau, Singapore, other Asian countries, the Middle East, the United States, Europe, and internationally. The company was founded in 1992 and is based in Singapore. Yongmao Holdings Limited is a subsidiary of Sun & Tian Investment Pte. Ltd. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 13:00
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
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.