SGX:BTG

Stock Analysis Report

HG Metal Manufacturing

Executive Summary

HG Metal Manufacturing Limited, an investment holding company, primarily engages in the trading of steel products.


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

How has HG Metal Manufacturing's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

BTG

-0.4%

SG Trade Distributors

0.2%

SG Market


1 Year Return

-23.6%

BTG

3.2%

SG Trade Distributors

2.6%

SG Market

Return vs Industry: BTG underperformed the SG Trade Distributors industry which returned 3.2% over the past year.

Return vs Market: BTG underperformed the SG Market which returned 2.6% over the past year.


Shareholder returns

BTGIndustryMarket
7 Day0%-0.4%0.2%
30 Day0%0.9%-1.1%
90 Day5.0%12.8%1.9%
1 Year-23.6%-23.6%5.8%3.2%6.8%2.6%
3 Year-12.1%-30.0%-14.5%-39.3%16.5%4.0%
5 Year-62.3%-70.0%-50.3%-62.9%13.0%-6.0%

Price Volatility Vs. Market

How volatile is HG Metal Manufacturing's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is HG Metal Manufacturing undervalued compared to its fair value and its price relative to the market?

0.27x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BTG's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BTG's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BTG is unprofitable, so we can't compare its PE Ratio to the Trade Distributors industry average.

PE vs Market: BTG is unprofitable, so we can't compare its PE Ratio to the SG market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BTG is good value based on its PB Ratio (0.3x) compared to the SG Trade Distributors industry average (0.5x).


Next Steps

Future Growth

How is HG Metal Manufacturing forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.7%

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 HG Metal Manufacturing 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 HG Metal Manufacturing performed over the past 5 years?

19.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BTG is currently unprofitable.

Growing Profit Margin: BTG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BTG is unprofitable, but has reduced losses over the past 5 years at a rate of 19.1% per year.

Accelerating Growth: Unable to compare BTG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BTG is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (-11.7%).


Return on Equity

High ROE: BTG has a negative Return on Equity (-1.98%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is HG Metal Manufacturing's financial position?


Financial Position Analysis

Short Term Liabilities: BTG's short term assets (SGD106.1M) exceed its short term liabilities (SGD45.0M).

Long Term Liabilities: BTG's short term assets (SGD106.1M) exceed its long term liabilities (SGD8.6M).


Debt to Equity History and Analysis

Debt Level: BTG's debt to equity ratio (18.4%) is considered satisfactory.

Reducing Debt: BTG's debt to equity ratio has increased from 12.1% to 18.4% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: BTG's debt is covered by short term assets (assets are 5.6x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BTG has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: BTG has sufficient cash runway for 2.597112 years if free cash flow continues to reduce at historical rates of -9.3% each year.


Next Steps

Dividend

What is HG Metal Manufacturing's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.5%markettop25%5.4%industryaverage3.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate BTG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BTG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BTG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BTG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BTG is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BTG's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

What is the CEO of HG Metal Manufacturing's salary, the management and board of directors tenure and is there insider trading?

4.3yrs

Average management tenure


CEO

Shin Taeyang 0

0.9yrs

Tenure

0

Mr. Shin Taeyang has been Chief Executive Officer of HG Metal Manufacturing Ltd since January 1, 2019. Mr. Taeyang had been Chief Operating Officer of HG Metal Manufacturing Ltd since May 1, 2018 until Dec ...


Management Age and Tenure

4.3yrs

Average Tenure

Experienced Management: BTG's management team is considered experienced (4.3 years average tenure).


Board Age and Tenure

5.7yrs

Average Tenure

52yo

Average Age

Experienced Board: BTG's board of directors are considered experienced (5.7 years average tenure).


Insider Trading

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.


Management Team

  • Woon Hong Wee

    Secretary

    • Tenure: 6.2yrs
  • Yee Wen Tan

    Credit Controller

    • Tenure: 0yrs
  • Sey Liang Foo (49yo)

    Executive Director

    • Tenure: 5.7yrs
  • Sharon Tay (51yo)

    Financial Controller

    • Tenure: 4.9yrs
  • Srikanth Rayaprolu

    Secretary

    • Tenure: 4.3yrs
  • Royston Johns

    General Manager of Sales

    • Tenure: 3.6yrs
  • Shin Taeyang

    Chief Executive Officer

    • Tenure: 0.9yrs

Board Members

  • Yi-Dar Teo (48yo)

    Independent Non-Executive Chairman

    • Tenure: 1.9yrs
  • Harry Ng (63yo)

    Independent Non-Executive Director

    • Tenure: 5.7yrs
  • Kesavan Nair (55yo)

    Independent Non-Executive Director

    • Tenure: 5.7yrs
  • Sey Liang Foo (49yo)

    Executive Director

    • Tenure: 5.7yrs

Company Information

HG Metal Manufacturing Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: HG Metal Manufacturing Limited
  • Ticker: BTG
  • Exchange: SGX
  • Founded: 1971
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: S$26.758m
  • Shares outstanding: 127.42m
  • Website: https://www.hgmetal.com

Location

  • HG Metal Manufacturing Limited
  • 13 Jalan Terusan
  • Singapore
  • 619293
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BTGSGX (Singapore Exchange)YesOrdinary SharesSGSGDMar 2002

Biography

HG Metal Manufacturing Limited, an investment holding company, primarily engages in the trading of steel products. It operates through three segments: Trading, Manufacturing, and Others. The company offers ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/08 12:33
End of Day Share Price2019/12/05 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.