SGX:E3B

Stock Analysis Report

Executive Summary

Wee Hur Holdings Ltd., an investment holding company, engages in building construction, workers’ dormitory, property development, purpose-built student accommodation, and fund management businesses in Singapore and Australia.


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: E3B has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.4%

E3B

0.2%

SG Construction

-0.8%

SG Market


1 Year Return

0%

E3B

-11.7%

SG Construction

-3.7%

SG Market

Return vs Industry: E3B exceeded the SG Construction industry which returned -11.7% over the past year.

Return vs Market: E3B exceeded the SG Market which returned -3.7% over the past year.


Shareholder returns

E3BIndustryMarket
7 Day-2.4%0.2%-0.8%
30 Day-2.4%-3.1%-2.6%
90 Day-4.7%-1.1%-1.5%
1 Year3.3%0%-9.4%-11.7%0.2%-3.7%
3 Year-8.6%-16.3%-22.1%-29.3%8.6%-2.9%
5 Year-37.7%-49.4%-39.8%-49.2%8.9%-9.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

8.99x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: E3B (SGD0.21) is trading above our estimate of fair value (SGD0.11)

Significantly Below Fair Value: E3B is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: E3B is good value based on its PE Ratio (9x) compared to the Construction industry average (15.4x).

PE vs Market: E3B is good value based on its PE Ratio (9x) compared to the SG market (13.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate E3B's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: E3B is good value based on its PB Ratio (0.5x) compared to the SG Construction industry average (0.6x).


Next Steps

Future Growth

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

11.4%

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 Wee Hur 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 Wee Hur Holdings performed over the past 5 years?

-42.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: E3B has high quality earnings.

Growing Profit Margin: E3B's current net profit margins (10.8%) are higher than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: E3B's earnings have declined by -42.9% per year over the past 5 years.

Accelerating Growth: E3B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: E3B had negative earnings growth (-27.1%) over the past year, making it difficult to compare to the Construction industry average (-50.2%).


Return on Equity

High ROE: E3B's Return on Equity (5.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Wee Hur Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: E3B's short term assets (SGD346.6M) exceed its short term liabilities (SGD294.1M).

Long Term Liabilities: E3B's short term assets (SGD346.6M) exceed its long term liabilities (SGD151.7M).


Debt to Equity History and Analysis

Debt Level: E3B's debt to equity ratio (87.4%) is considered high.

Reducing Debt: E3B's debt to equity ratio has increased from 43.7% to 87.4% over the past 5 years.

Debt Coverage: E3B's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: E3B's interest payments on its debt are well covered by EBIT (6.4x coverage).


Balance Sheet

Inventory Level: E3B has a high level of physical assets or inventory.

Debt Coverage by Assets: E3B's debt is covered by short term assets (assets are 1x debt).


Next Steps

Dividend

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

3.41%

Current Dividend Yield


Dividend Yield vs Market

company3.4%marketbottom25%2.5%markettop25%5.7%industryaverage3.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: E3B's dividend (3.41%) is higher than the bottom 25% of dividend payers in the SG market (2.54%).

High Dividend: E3B's dividend (3.41%) is low compared to the top 25% of dividend payers in the SG market (5.72%).


Stability and Growth of Payments

Stable Dividend: E3B's dividend payments have been volatile in the past 10 years.

Growing Dividend: E3B's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.7%), E3B's dividend payments are well 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?

3.8yrs

Average management tenure


CEO

Wee Ping Goh 0

2.6yrs

Tenure

0

Mr. Wee Ping Goh is the Chief Executive Officer of Wee Hur Capital Pte Ltd with effect from 1 July 2017. He is responsible for overseeing all aspects of Wee Hur PBSA Master Trust include fund-raising, acqu ...


Leadership Team

NamePositionTenureCompensationOwnership
Wee Ping Goh
Chief Executive Officer2.6yrsno data0.44% SGD820.0k
Yeo Hwa Goh
Co-Founder & Executive Director12.4yrsno data4.95% SGD9.3m
Lim Poh Choo
Chief Financial Officer4.1yrsno datano data
Cheng Huah Goh
Director of Investment & Development2.6yrsno datano data
Cheng Chua
Business & Technical Director0yrsno datano data
Chu Lan Gaw
Director of Administration & Finance12.6yrsno datano data
Ching Chek Tan
Company Secretary0yrsno datano data
Ah Hiong Teo
Company Secretary3.8yrsno datano data

3.8yrs

Average Tenure

56.5yo

Average Age

Experienced Management: E3B's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yeo Hwa Goh
Co-Founder & Executive Director12.4yrsno data4.95% SGD9.3m
Kwan Seng Wong
Independent Director12.2yrsno data0.024% SGD46.1k
Choon Kow Teo
Lead Independent Director12.2yrsno datano data
Yew Tee Goh
Deputy MD & Executive Director12.4yrsno data1.93% SGD3.6m
Kiang Huat Cheng
Executive Director of Wee Hur Construction Pte Ltd0yrsno data1.74% SGD3.3m
Yew Gee Goh
Non-Executive Director12.4yrsno data1.79% SGD3.4m
Yeow Lian Goh
Co-Founder0yrsno data10.61% SGD20.0m
Yeu Toh Goh
Executive Director of Wee Hur Construction Pte Ltd0yrsno data3.93% SGD7.4m
Nam Sua
Executive Director of Wee Hur Construction Pte Ltd0yrsno datano data

12.4yrs

Average Tenure

65yo

Average Age

Experienced Board: E3B's board of directors are seasoned and experienced ( 12.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: E3B insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Wee Hur Holdings Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wee Hur Holdings Ltd.
  • Ticker: E3B
  • Exchange: SGX
  • Founded: 1980
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: S$188.445m
  • Shares outstanding: 919.25m
  • Website: https://www.weehur.com.sg

Location

  • Wee Hur Holdings Ltd.
  • Wee Hur Building
  • 39 Kim Keat Road
  • Singapore
  • 328814
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
E3BSGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 2008
3YMDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 2008

Biography

Wee Hur Holdings Ltd., an investment holding company, engages in building construction, workers’ dormitory, property development, purpose-built student accommodation, and fund management businesses in Singapore and Australia. The company operates through Building Construction, Workers’ Dormitory, Property Development, PBSA, and Fund Management segments. It develops and sells residential, industrial, commercial, or mixed developments. The company also provides various construction services, including new construction, additions and alterations, refurbishment and upgrading, and restoration and conservation of heritage and conservation buildings. Its construction projects comprise residential, commercial, industrial, institutional, religious, restoration, and conservation projects. In addition, the company builds and operates dormitory complexes for foreign workers in construction, marine, process, and manufacturing industries, as well as student accommodations for domestic and international students. Further, it leases office and commercial properties; provides fund management services; and licenses intellectual property rights. Wee Hur Holdings Ltd. was founded in 1980 and is headquartered in Singapore. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 12:57
End of Day Share Price2020/02/21 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.