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Yongmao Holdings

SGX:BKX
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BKX
SGX
SGD32M
Market Cap
  1. Home
  2. SG
  3. Capital Goods
Company description

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 last earnings update was 34 days ago. More info.


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BKX Share Price and Events
7 Day Returns
-10%
SGX:BKX
3.7%
SG Machinery
0%
SG Market
1 Year Returns
-16.3%
SGX:BKX
-8.1%
SG Machinery
-8.4%
SG Market
BKX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Yongmao Holdings (BKX) -10% -10% - -16.3% -10% -64%
SG Machinery 3.7% 4.6% 13.7% -8.1% 10.9% -31.6%
SG Market 0% -0.4% 5.2% -8.4% 8% -1.4%
1 Year Return vs Industry and Market
  • BKX underperformed the Machinery industry which returned -8.1% over the past year.
  • BKX underperformed the Market in Singapore which returned -8.4% over the past year.
Price Volatility
BKX
Industry
5yr Volatility vs Market

Value

 Is Yongmao Holdings 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 Yongmao Holdings 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 Yongmao Holdings.

SGX:BKX 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 14.2%
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:BKX
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- 17%) (186.67%))
2.14
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (2 * 5.96%)
14.22%

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

The calculations below outline how an intrinsic value for Yongmao Holdings 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:BKX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 14.22%)
2019 7.86 Est @ -56.62% 6.88
2020 4.80 Est @ -38.94% 3.68
2021 3.52 Est @ -26.57% 2.36
2022 2.89 Est @ -17.91% 1.70
2023 2.55 Est @ -11.84% 1.31
2024 2.36 Est @ -7.6% 1.06
2025 2.25 Est @ -4.63% 0.89
2026 2.19 Est @ -2.55% 0.76
2027 2.17 Est @ -1.09% 0.65
2028 2.16 Est @ -0.07% 0.57
Present value of next 10 years cash flows CN¥19.86
SGX:BKX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥2.16 × (1 + 2.3%) ÷ (14.22% – 2.3%)
CN¥18.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥18.57 ÷ (1 + 14.22%)10
CN¥4.91
SGX:BKX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥19.86 + CN¥4.91
CN¥24.77
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥24.77 / 88.75
CN¥0.28
SGX:BKX Discount to Share Price
Calculation Result
Exchange Rate CNY/SGD
(Reporting currency to currency of SGX:BKX)
0.201
Value per Share
(SGD)
= Value per Share in CNY x Exchange Rate (CNY/SGD)
= CN¥0.28 x 0.201
SGD0.06
Value per share (SGD) From above. SGD0.06
Current discount Discount to share price of SGD0.36
= -1 x (SGD0.36 - SGD0.06) / SGD0.06
-540.8%

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

  • The current share price of Yongmao Holdings 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 Yongmao Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Yongmao Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:BKX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.28
SGX:BKX Share Price ** SGX (2019-03-18) in SGD SGD0.36
SGX:BKX Share Price converted to CNY reporting currency Exchange rate (SGD/ CNY) 4.969 CN¥1.79
Singapore Machinery Industry PE Ratio Median Figure of 15 Publicly-Listed Machinery Companies 7.83x
Singapore Market PE Ratio Median Figure of 330 Publicly-Listed Companies 12.86x

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

** Primary Listing of Yongmao Holdings.

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

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

= 1.79 ÷ 0.28

6.37x

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

  • Yongmao Holdings is good value based on earnings compared to the SG Machinery industry average.
  • Yongmao Holdings is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does Yongmao Holdings's expected growth come at a high price?
Raw Data
SGX:BKX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
19.5%per year
Asia Machinery Industry PEG Ratio Median Figure of 43 Publicly-Listed Machinery Companies 1.32x
Singapore Market PEG Ratio Median Figure of 121 Publicly-Listed Companies 1.39x

*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 Yongmao Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Yongmao Holdings's assets?
Raw Data
SGX:BKX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥7.51
SGX:BKX Share Price * SGX (2019-03-18) in SGD SGD0.36
SGX:BKX Share Price converted to CNY reporting currency Exchange rate (SGD/ CNY) 4.969 CN¥1.79
Singapore Machinery Industry PB Ratio Median Figure of 21 Publicly-Listed Machinery Companies 0.89x
Singapore Market PB Ratio Median Figure of 433 Publicly-Listed Companies 0.76x
SGX:BKX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.79 ÷ 7.51

0.24x

* Primary Listing of Yongmao Holdings.

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

  • Yongmao Holdings is good value based on assets compared to the SG Machinery industry average.
X
Value checks
We assess Yongmao Holdings'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. Yongmao Holdings has a total score of 3/6, 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.

Future Performance

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

  • No analysts cover Yongmao Holdings, 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
19.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yongmao Holdings expected to grow at an attractive rate?
  • Yongmao Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Yongmao Holdings's earnings growth is expected to exceed the Singapore market average.
  • Unable to compare Yongmao Holdings's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:BKX Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:BKX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 19.5%
Singapore Machinery Industry Earnings Growth Rate Market Cap Weighted Average 27.1%
Singapore Machinery Industry Revenue Growth Rate Market Cap Weighted Average -4.8%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.4%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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:BKX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:BKX Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SGX:BKX Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 768 28 25
2018-09-30 679 43 18
2018-06-30 654 5 22
2018-03-31 627 -24 21
2017-12-31 599 -37 32
2017-09-30 571 14 31
2017-06-30 573 40 27
2017-03-31 574 107 28
2016-12-31 572 123 31
2016-09-30 581 81 31
2016-06-30 525 49 19
2016-03-31 455 -2 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Yongmao Holdings's earnings are expected to grow by 19.5% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Yongmao Holdings 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:BKX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Yongmao Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:BKX Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SGX:BKX Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.28
2018-09-30 0.20
2018-06-30 0.25
2018-03-31 0.23
2017-12-31 0.36
2017-09-30 0.35
2017-06-30 0.30
2017-03-31 0.32
2016-12-31 0.35
2016-09-30 0.35
2016-06-30 0.22
2016-03-31 0.04

*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 Yongmao Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Yongmao Holdings'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.
Yongmao Holdings has a total score of 2/6, 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.

Past Performance

  How has Yongmao Holdings 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 Yongmao Holdings'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.
  • Yongmao Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Yongmao Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Yongmao Holdings's 1-year earnings growth is negative, it can't be compared to the SG Machinery industry average.
Earnings and Revenue History
Yongmao Holdings'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 Yongmao Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:BKX Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 768.31 24.93 155.73
2018-09-30 679.31 17.67 143.45
2018-06-30 654.15 22.26 135.84
2018-03-31 626.53 20.61 133.43
2017-12-31 598.72 32.38 125.35
2017-09-30 570.57 30.66 126.77
2017-06-30 572.70 26.50 131.49
2017-03-31 574.49 28.12 133.72
2016-12-31 572.07 30.80 133.69
2016-09-30 581.42 31.13 129.32
2016-06-30 524.50 19.37 123.23
2016-03-31 454.95 3.91 117.01
2015-12-31 508.57 2.46 115.55
2015-09-30 546.60 9.05 121.07
2015-06-30 638.51 19.25 129.48
2015-03-31 782.97 62.85 133.23
2014-12-31 833.34 66.95 136.55
2014-09-30 868.08 71.94 140.97
2014-06-30 880.66 74.37 136.57
2014-03-31 909.60 51.29 140.39
2013-12-31 819.72 45.96 133.13
2013-09-30 803.48 35.69 129.11
2013-06-30 752.58 29.25 128.64
2013-03-31 672.71 22.26 121.47
2012-12-31 684.65 -23.26 126.05
2012-09-30 682.66 -21.40 121.64
2012-06-30 639.78 -26.87 113.00
2012-03-31 672.49 -15.51 123.52

*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.
  • Yongmao Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Yongmao Holdings used its assets less efficiently than the SG Machinery industry average last year based on Return on Assets.
  • Yongmao Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Yongmao Holdings'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.
Yongmao Holdings has a total score of 1/6, 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.

Health

 How is Yongmao Holdings'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 Yongmao Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Yongmao Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Yongmao Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Yongmao Holdings'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 3.4x 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 Yongmao Holdings Company Filings, last reported 2 months ago.

SGX:BKX Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 725.92 296.32 154.71
2018-09-30 714.96 280.97 152.98
2018-06-30 701.16 317.31 165.22
2018-03-31 677.39 304.88 131.97
2017-12-31 690.43 260.78 105.34
2017-09-30 690.31 277.93 116.66
2017-06-30 682.53 284.28 134.44
2017-03-31 677.55 291.10 148.45
2016-12-31 663.32 262.86 149.69
2016-09-30 656.86 269.67 103.63
2016-06-30 640.63 319.24 137.65
2016-03-31 627.83 385.93 166.04
2015-12-31 615.90 359.15 133.63
2015-09-30 613.61 415.65 175.39
2015-06-30 628.11 389.46 188.89
2015-03-31 635.83 357.21 149.92
2014-12-31 625.62 375.93 141.80
2014-09-30 612.58 416.75 116.22
2014-06-30 608.19 382.08 166.69
2014-03-31 570.35 488.89 231.12
2013-12-31 554.60 360.51 124.72
2013-09-30 528.12 351.73 122.67
2013-06-30 518.94 376.48 137.61
2013-03-31 504.25 347.02 138.08
2012-12-31 499.64 308.99 79.95
2012-09-30 498.29 347.14 111.66
2012-06-30 488.14 353.15 142.91
2012-03-31 481.17 283.15 119.79
  • Yongmao Holdings's level of debt (40.8%) 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 (65.2% vs 40.8% today).
  • Debt is not well covered by operating cash flow (9.5%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Yongmao Holdings'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. Yongmao Holdings has a total score of 3/6, 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.

Dividends

 What is Yongmao Holdings'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
2.75%
Current annual income from Yongmao Holdings dividends.
If you bought SGD2,000 of Yongmao Holdings shares you are expected to receive SGD55 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?
  • Yongmao Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.58%).
  • Yongmao Holdings's dividend is below the markets top 25% of dividend payers in Singapore (5.54%).
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:BKX 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 3.4%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 279 Stocks 4%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
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:BKX Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SGX:BKX Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-07-17 0.049 2.532
2018-06-08 0.048 2.222
2017-07-21 0.047 2.160
2015-07-21 0.134 6.455
2015-05-27 0.138 4.031
2014-07-04 0.115 2.788
2013-07-04 0.059 1.334
2012-09-03 0.000 0.000
2012-02-08 0.000 0.000
2011-11-22 0.000 0.000
2011-08-10 0.000 0.000
2011-06-01 0.000 0.000
2010-07-12 0.061 1.461
2010-06-14 0.061 1.355
2009-05-26 0.117 1.956
2009-04-07 0.112 2.463
2009-03-24 0.226 6.458

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Yongmao Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.9x 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.
X
Income/ dividend checks
We assess Yongmao Holdings'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 Yongmao Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Yongmao Holdings has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Yongmao Holdings'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
Ruo Tian
AGE 62
TENURE AS CEO 12.2 years
CEO Bio

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. She has more than 10 years’ experience in the crane manufacturing industry. Ms. Tian started her career as a laboratory technician at Fushun No.4 Chemical Plant in December 1977. Ms. Tian serves as a Director of Beijing Yongmao Jiangong Machinery Manufacturing Co., Ltd., and has been Director of Yongmao Holdings Ltd. since December 28, 2007. She serves as director of Fushun Yongmao Construction Machinery Co., Ltd., Fushun Yongmao Industry and Trade Co., Ltd., Fushun Yongmao Industry Group Co., Ltd., Fushun Yongmao Engineering Machinery Co., Ltd and Yongmao Engineering (Singapore) Pte Ltd. She served as director of Fushun Yongmao Hydraulic Machinery Co., Ltd. She is a representative of the 13th People's Congress of Fushun City. She received the “Model Labour” award for 2004 and 2005 from Shuncheng District People’s Government and the “Fushun Foreign Investment Enterprise Outstanding Business Entrepreneur” award for 2006 from Fushun City People’s Government. Ms. Tian graduated from Dongbei Normal University in 1999 having majored in Economics.

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

Average tenure and age of the Yongmao Holdings management team in years:

7.1
Average Tenure
61
Average Age
  • The average tenure for the Yongmao Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Zhao Sun

TITLE
Founder & Executive Chairman
AGE
61

Ruo Tian

TITLE
Co-Founder
AGE
62
TENURE
12.2 yrs

Roland Ng

TITLE
Deputy Chairman
AGE
66

Soon Yong Yap

TITLE
Chief Financial Officer
AGE
49
TENURE
5.7 yrs

Yong Shi

TITLE
Group Sales & Marketing Manager

Kok Liang Chew

TITLE
Company Secretary
TENURE
7.8 yrs

Tian Sun

TITLE
Group GM & Executive Director
AGE
36
TENURE
6.4 yrs
Board of Directors Tenure

Average tenure and age of the Yongmao Holdings board of directors in years:

11.3
Average Tenure
62
Average Age
  • The average tenure for the Yongmao Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Zhao Sun

TITLE
Founder & Executive Chairman
AGE
61

Ruo Tian

TITLE
Co-Founder
AGE
62
TENURE
11.3 yrs

Roland Ng

TITLE
Deputy Chairman
AGE
66

Tian Sun

TITLE
Group GM & Executive Director
AGE
36
TENURE
13.3 yrs

Kee-Lock Chua

TITLE
Lead Independent Director
AGE
57
TENURE
11.3 yrs

Raymond Ho

TITLE
Independent Director
AGE
66
TENURE
11.3 yrs

Steve Lai

TITLE
Independent Director
AGE
66
TENURE
11.3 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 Yongmao Holdings'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. Yongmao Holdings 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.

News

Simply Wall St News

You Might Like Yongmao Holdings Limited (SGX:BKX) But Do You Like Its Debt?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

Why Yongmao Holdings Limited’s (SGX:BKX) Return On Capital Employed Looks Uninspiring

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Is Yongmao Holdings Limited (SGX:BKX) A Top Dividend Stock?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, Yongmao Holdings Limited (SGX:BKX) has paid a dividend to shareholders. … Let's take a look at Yongmao Holdings in more detail.

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What does Yongmao Holdings Limited's (SGX:BKX) Balance Sheet Tell Us About Its Future?

Investors are always looking for growth in small-cap stocks like Yongmao Holdings Limited (SGX:BKX), with a market cap of S$49m. … However, an important fact which most ignore is: how financially healthy is the business? … I believe these basic checks tell most of the story you need to know.

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Does Yongmao Holdings Limited's (SGX:BKX) -16% Earnings Drop Reflect A Longer Term Trend?

Assessing Yongmao Holdings Limited's (SGX:BKX) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how Yongmao Holdings is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its machinery industry peers. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of -19%, indicating the rate at which BKX is growing has slowed down

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Is Yongmao Holdings Limited's (SGX:BKX) PE Ratio A Signal To Buy For Investors?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Yongmao Holdings Limited (SGX:BKX) is trading with a trailing P/E of 8.6x, which is lower than the industry average of 11.7x. … Check out our latest analysis for Yongmao Holdings

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What Should Investors Know About Yongmao Holdings Limited's (SGX:BKX) Capital Returns?

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently Yongmao Holdings is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

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Yongmao Holdings Limited (SGX:BKX): How Does It Impact Your Portfolio?

Broadly speaking, there are two types of risk you should consider when investing in stocks such as BKX. … The first risk to think about is company-specific, which can be diversified away by investing in other companies in order to lower your exposure to one particular stock. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market.

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Yongmao Holdings Limited (SGX:BKX): Does The Earnings Decline Make It An Underperformer?

Examining Yongmao Holdings Limited's (SGX:BKX) past track record of performance is an insightful exercise for investors. … Today I will assess BKX's latest performance announced on 31 March 2018 and compare these figures to its longer term trend and industry movements. … Commentary On BKX's Past Performance

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Why Yongmao Holdings Limited (SGX:BKX) May Not Be As Efficient As Its Industry

View our latest analysis for Yongmao Holdings Breaking down ROE — the mother of all ratios Return on Equity (ROE) is a measure of Yongmao Holdings’s profit relative to its shareholders’ equity. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity SGX:BKX Last Perf Mar 31st 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses. … Yongmao Holdings’s below-industry ROE is disappointing, furthermore, its returns were not even high enough to cover its own cost of equity.

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Company Info

Description

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 the People’s Republic of China, Singapore, Hong Kong, Macau, other Asian countries, the Middle East, Europe, the United States, 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.

Details
Name: Yongmao Holdings Limited
BKX
Exchange: SGX
Founded: 1992
SGD31,949,998
88,749,997
Website: http://www.yongmaoholdings.com
Address: Yongmao Holdings Limited
81 Ubi Avenue 4,
No. 09-01 UB. One,
Singapore,
408830,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX BKX Ordinary Shares Singapore Exchange SG SGD 22. Feb 2008
Number of employees
Current staff
Staff numbers
0
Yongmao Holdings employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 12:46
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2017/05/29
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.