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HG Metal Manufacturing

Executive Summary

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


Snowflake Analysis

Mediocre balance sheet with questionable track record.

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 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BTG's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

2.9%

BTG

3.6%

SG Trade Distributors

1.8%

SG Market


1 Year Return

-14.3%

BTG

-9.5%

SG Trade Distributors

-13.7%

SG Market

Return vs Industry: BTG underperformed the SG Trade Distributors industry which returned -9.5% over the past year.

Return vs Market: BTG matched the SG Market which returned -13.7% over the past year.


Shareholder returns

BTGIndustryMarket
7 Day2.9%3.6%1.8%
30 Day0%7.0%14.1%
90 Day5.9%-0.8%9.7%
1 Year-14.3%-14.3%-7.5%-9.5%-8.9%-13.7%
3 Year-58.7%-66.7%-22.2%-40.1%-11.5%-22.5%
5 Year-42.0%-53.8%-38.8%-56.1%10.8%-9.6%

Long-Term 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?

42.4x

Price to Earnings (PE) 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 poor value based on its PE Ratio (42.4x) compared to the SG Trade Distributors industry average (12.4x).

PE vs Market: BTG is poor value based on its PE Ratio (42.4x) compared to the SG market (14.1x).


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 (0.2x) compared to the SG Trade Distributors industry average (0.6x).


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?

19.7%

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?

13.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BTG has a large one-off gain of SGD684.0K impacting its June 30 2020 financial results.

Growing Profit Margin: BTG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BTG has become profitable over the past 5 years, growing earnings by 13.5% per year.

Accelerating Growth: BTG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BTG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Trade Distributors industry (9.5%).


Return on Equity

High ROE: BTG's Return on Equity (1%) is considered low.


Next Steps

Financial Health

How is HG Metal Manufacturing's financial position?


Financial Position Analysis

Short Term Liabilities: BTG's short term assets (SGD107.6M) exceed its short term liabilities (SGD36.9M).

Long Term Liabilities: BTG's short term assets (SGD107.6M) exceed its long term liabilities (SGD21.9M).


Debt to Equity History and Analysis

Debt Level: BTG's debt to equity ratio (38.1%) is considered satisfactory.

Reducing Debt: BTG's debt to equity ratio has increased from 6.6% to 38.1% over the past 5 years.

Debt Coverage: BTG's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if BTG's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

5.2yrs

Average management tenure


CEO

Shin Taeyang

1.83yrs

Tenure

Mr. Shin Taeyang has been Chief Executive Officer of HG Metal Manufacturing Ltd since January 1, 2019. Mr. Taeyang is associated with HG Metal Manufacturing Limited since August 15, 2016. Mr. Taeyang had b...


Leadership Team

NamePositionTenureCompensationOwnership
Shin Taeyang
Chief Executive Officer1.83yrsno datano data
Hong Kiang Tay
Financial Controller5.83yrsno datano data
Royston Johns
General Manager of Sales4.5yrsno datano data
Sey Liang Foo
Executive Director6.58yrsno datano data
Woon Hong Wee
Secretary7.08yrsno datano data
Srikanth Rayaprolu
Secretary5.17yrsno datano data
Yee Wen Tan
Credit Controllerno datano datano data

5.2yrs

Average Tenure

Experienced Management: BTG's management team is seasoned and experienced (5.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sey Liang Foo
Executive Director6.58yrsno datano data
Yi-Dar Teo
Independent Non-Executive Chairman2.83yrsno datano data
Weng Sui Ng
Independent Non-Executive Director6.58yrsno data0.0078%
SGD 1.8k
Kesavan Nair
Independent Non-Executive Director6.58yrsno datano data

6.6yrs

Average Tenure

53yo

Average Age

Experienced Board: BTG's board of directors are considered experienced (6.6 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

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$22.935m
  • Shares outstanding: 127.42m
  • Website: https://www.hgmetal.com

Location

  • HG Metal Manufacturing Limited
  • 28 Jalan Buroh
  • Singapore
  • 619484
  • 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 Analysis2020/11/29 11:07
End of Day Share Price2020/11/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.