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Tiong Woon Corporation Holding

Market Cap

S$106.8m

Last Updated

2021/04/17 11:05 UTC

Data Sources

Company Financials

Executive Summary

Tiong Woon Corporation Holding Ltd, an investment holding company, provides integrated services for the oil and gas, petrochemical, infrastructure, and construction sectors. More Details


Snowflake Analysis

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.


Market Performance


7 Day Return

-3.2%

BQM

-0.07%

SG Commercial Services

0.4%

SG Market


1 Year Return

15.0%

BQM

14.3%

SG Commercial Services

22.1%

SG Market

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.


Shareholder returns

BQMIndustryMarket
7 Day-3.2%-0.07%0.4%
30 Day4.5%1.5%3.7%
90 Day1.1%-5.2%6.3%
1 Year15.9%15.0%17.3%14.3%27.7%22.1%
3 Year55.4%53.3%-3.6%-9.5%-0.2%-12.0%
5 Year91.7%87.8%2.5%-6.8%20.9%-0.2%

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

Valuation

Is Tiong Woon Corporation Holding undervalued compared to its fair value and its price relative to the market?

>50%

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).


Future Growth

How is Tiong Woon Corporation Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.7%

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.


Past Performance

How has Tiong Woon Corporation Holding performed over the past 5 years?

49.3%

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.


Financial Health

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).


Balance Sheet


Dividend

What is Tiong Woon Corporation Holding current dividend yield, its reliability and sustainability?

0.65%

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.


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Michael Ang (42 yo)

0.58

Tenure

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...


Leadership Team

Experienced Management: BQM's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: BQM's board of directors are considered experienced (7.7 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

Tiong Woon Corporation Holding Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Tiong Woon Corporation Holding Ltd
  • No. 15 Pandan Crescent
  • Singapore
  • 128470
  • Singapore

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/17 11:05
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.