Tiong Woon Corporation Holding Ltd, an investment holding company, provides integrated services for the oil and gas, petrochemical, infrastructure, and construction sectors. More Details
Fair value with questionable track record.
Share Price & News
How has Tiong Woon Corporation Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BQM is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BQM's weekly volatility (5%) has been stable over the past year.
7 Day Return
SG Commercial Services
1 Year Return
SG Commercial Services
Return vs Industry: BQM matched the SG Commercial Services industry which returned 14.3% over the past year.
Return vs Market: BQM underperformed the SG Market which returned 22.1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Tiong Woon Corporation Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StDoes Tiong Woon Corporation Holding (SGX:BQM) Have A Healthy Balance Sheet?
2 months ago | Simply Wall StThe Tiong Woon Corporation Holding (SGX:BQM) Share Price Has Gained 88% And Shareholders Are Hoping For More
2 months ago | Simply Wall StWill the Promising Trends At Tiong Woon Corporation Holding (SGX:BQM) Continue?
Is Tiong Woon Corporation Holding undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BQM (SGD0.46) is trading below our estimate of fair value (SGD0.97)
Significantly Below Fair Value: BQM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BQM is poor value based on its PE Ratio (53.2x) compared to the SG Commercial Services industry average (14.5x).
PE vs Market: BQM is poor value based on its PE Ratio (53.2x) compared to the SG market (16.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BQM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BQM is good value based on its PB Ratio (0.4x) compared to the SG Commercial Services industry average (0.9x).
How is Tiong Woon Corporation Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Commercial Services 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 Tiong Woon Corporation Holding 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.
How has Tiong Woon Corporation Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BQM has high quality earnings.
Growing Profit Margin: BQM's current net profit margins (2%) are lower than last year (7.2%).
Past Earnings Growth Analysis
Earnings Trend: BQM's earnings have grown significantly by 49.3% per year over the past 5 years.
Accelerating Growth: BQM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BQM had negative earnings growth (-79.5%) over the past year, making it difficult to compare to the Commercial Services industry average (39.2%).
Return on Equity
High ROE: BQM's Return on Equity (0.7%) is considered low.
How is Tiong Woon Corporation Holding's financial position?
Financial Position Analysis
Short Term Liabilities: BQM's short term assets (SGD90.5M) exceed its short term liabilities (SGD59.2M).
Long Term Liabilities: BQM's short term assets (SGD90.5M) do not cover its long term liabilities (SGD139.6M).
Debt to Equity History and Analysis
Debt Level: BQM's debt to equity ratio (42.7%) is considered high.
Reducing Debt: BQM's debt to equity ratio has increased from 29.9% to 42.7% over the past 5 years.
Debt Coverage: BQM's debt is well covered by operating cash flow (28.1%).
Interest Coverage: BQM's interest payments on its debt are not well covered by EBIT (2.3x coverage).
What is Tiong Woon Corporation Holding current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BQM's dividend (0.65%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (1.87%).
High Dividend: BQM's dividend (0.65%) is low compared to the top 25% of dividend payers in the SG market (4.62%).
Stability and Growth of Payments
Stable Dividend: BQM is not paying a notable dividend for the SG market, therefore no need to check if payments are stable.
Growing Dividend: BQM is not paying a notable dividend for the SG market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: BQM is not paying a notable dividend for the SG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BQM's dividend in 3 years as they are not forecast to pay a notable one for the SG market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Ang (42 yo)
Mr. Guan Hwa Ang, also known as Michael, has been Executive Director of Tiong Woon Corporation Holding Limited since March 22, 2013 and serves as its Chief Executive Officer since September 01, 2020. He se...
Experienced Management: BQM's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Experienced Board: BQM's board of directors are considered experienced (7.7 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tiong Woon Corporation Holding Ltd's company bio, employee growth, exchange listings and data sources
- Name: Tiong Woon Corporation Holding Ltd
- Ticker: BQM
- Exchange: SGX
- Founded: 1978
- Industry: Diversified Support Services
- Sector: Commercial Services
- Market Cap: S$106.837m
- Shares outstanding: 232.24m
- Website: https://www.tiongwoon.com
Number of Employees
- Tiong Woon Corporation Holding Ltd
- No. 15 Pandan Crescent
Tiong Woon Corporation Holding Ltd, an investment holding company, provides integrated services for the oil and gas, petrochemical, infrastructure, and construction sectors. The company operates through th...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/17 11:05|
|End of Day Share Price||2021/04/16 00:00|
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.