SGX:V01

Stock Analysis Report

Executive Summary

VICOM Ltd provides technical testing and inspection services in Singapore.

Snowflake

Fundamentals

Flawless balance sheet with solid track record.

Share Price & News

How has VICOM's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.3%

V01

-0.6%

SG Commercial Services

-0.02%

SG Market


1 Year Return

29.0%

V01

-14.1%

SG Commercial Services

0.6%

SG Market

Return vs Industry: V01 exceeded the SG Commercial Services industry which returned -14.1% over the past year.

Return vs Market: V01 exceeded the SG Market which returned 0.6% over the past year.


Shareholder returns

V01IndustryMarket
7 Day0.3%-0.6%-0.02%
30 Day5.7%-1.4%-1.6%
90 Day10.9%-3.8%-7.3%
1 Year38.0%29.0%-12.6%-14.1%4.6%0.6%
3 Year61.6%34.8%-15.9%-20.8%15.1%2.8%
5 Year72.1%31.4%-35.1%-41.7%10.0%-8.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is VICOM undervalued compared to its fair value and its price relative to the market?

19.44x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: V01 (SGD7.75) is trading above our estimate of fair value (SGD7.68)

Significantly Undervalued: V01 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: V01 is poor value based on its PE Ratio (19.4x) compared to the Commercial Services industry average (17.2x).

PE vs Market: V01 is poor value based on its PE Ratio (19.4x) compared to the SG market (13.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate V01's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: V01 is overvalued based on its PB Ratio (5.3x) compared to the SG Commercial Services industry average (0.8x).


Next Steps

Future Growth

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

-27.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: V01's earnings are forecast to decline over the next 3 years (-27.6% per year).

Earnings vs Market: V01's earnings are forecast to decline over the next 3 years (-27.6% per year).

High Growth Earnings: V01's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if V01's revenue is forecast to grow faster than the SG market.

High Growth Revenue: Insufficient data to determine if V01's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if V01's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has VICOM performed over the past 5 years?

0.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: V01's earnings have grown by 0.7% per year over the past 5 years.

Accelerating Growth: V01's earnings growth over the past year (31.7%) exceeds its 5-year average (0.7% per year).

Earnings vs Industry: V01 earnings growth over the past year (31.7%) exceeded the Commercial Services industry -25.1%.


Return on Equity

High ROE: V01's Return on Equity (27.5%) is considered high.


Return on Assets

ROA vs Industry: V01 has a higher Return on Assets than the Commercial Services industry average last year.


Return on Capital Employed

ROCE Improving: V01's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is VICOM's financial position?


Financial Position Analysis

Short Term Liabilities: V01's short term assets (SGD105.9M) exceeds its short term liabilities (SGD35.5M)

Long Term Liabilities: V01's short term assets (105.9M) exceeds its long term liabilities (34.4M)


Debt to Equity History and Analysis

Debt Level: V01 is debt free.

Reducing Debt: V01 has not had any debt for past 5 years.

Debt Coverage: V01 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: V01 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: V01 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if V01's debt is covered by short term assets.


Next Steps

Dividend

What is VICOM's current dividend yield, its reliability and sustainability?

4.73%

Current Dividend Yield


Dividend Yield vs Market

company4.7%marketbottom25%2.6%markettop25%5.7%industryaverage3.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: V01's dividend (4.73%) is higher than the bottom 25% of dividend payers in the SG market (2.55%).

High Dividend: V01's dividend (4.73%) is low compared to the top 25% of dividend payers in the SG market (5.71%).

Stable Dividend: V01's dividend payments have been volatile in the past 10 years.

Growing Dividend: V01's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (93.5%), V01's dividend payments are not 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

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

3.8yrs

Average management tenure


CEO

Wing Yew Sim (52yo)

7.4yrs

Tenure

S$593,340

Compensation

Mr. Wing Yew Sim has been the Chief Executive Officer of VICOM Ltd at ComfortDelGro Corporation Limited since May 01, 2012. Mr. Sim has been the Chief Executive Officer of Vicom Ltd. since May 1, 2012. He  ...


CEO Compensation Analysis

Compensation vs. Market: Wing Yew's total compensation ($USD434.70K) is about average for companies of similar size in the SG market ($USD436.05K).

Compensation vs Earnings: Wing Yew's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.8yrs

Average Tenure

Experienced Management: V01's management team is considered experienced (3.8 years average tenure).


Board Age and Tenure

2.2yrs

Average Tenure

64.5yo

Average Age

Experienced Board: V01's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


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


Management Team

  • Thiam Siong Sze

    Chief Executive Officer of Setsco Services Pte Ltd

    • Tenure: 0.6yrs
  • Tammy Tan

    Corporate Communications Officer of ComfortDelGro Group

    • Tenure: 3.8yrs
  • Wing Yew Sim (52yo)

    CEO & Executive Director

    • Tenure: 7.4yrs
    • Compensation: S$593.34k
  • Chun Wah Yip

    Vice President of Operations

    • Tenure: 12.8yrs
  • Wendy Chan

    Joint Company Secretary

    • Tenure: 0yrs
  • Ann Tan

    Assistant Vice President of Sales & Marketing

    • Tenure: 10.8yrs
  • Mary Lee

    Chief Financial Officer

    • Tenure: 7.3yrs
  • Edwin Yeo

    Joint Company Secretary

    • Tenure: 2.4yrs
  • Samy Samugam

    Assistant Manager of Operations & Head of VICOM Emission Test Laboratory

    • Tenure: 1.6yrs
  • Kee Beng

    Assistant Vice President of Human Resource

    • Tenure: 0.8yrs

Board Members

  • Jit Poh Lim (79yo)

    Chairman of the Board

    • Tenure: 34.8yrs
    • Compensation: S$74.00k
  • Kim Siew Tan (65yo)

    Independent Non-Executive Director

    • Tenure: 1.4yrs
    • Compensation: S$29.54k
  • Nancy Teo (64yo)

    Independent Non-Executive Director

    • Tenure: 24.6yrs
    • Compensation: S$54.00k
  • Ban Seng Yang (62yo)

    Deputy Chairman

    • Tenure: 2.4yrs
    • Compensation: S$45.00k
  • Yeow Tin Goh (68yo)

    Independent Non-Executive Director

    • Tenure: 9.1yrs
    • Compensation: S$66.00k
  • Wing Yew Sim (52yo)

    CEO & Executive Director

    • Tenure: 7.4yrs
    • Compensation: S$593.34k
  • Poh Hong Tan (59yo)

    Independent Non-Executive Director

    • Tenure: 0.5yrs
  • Daniel Soh (65yo)

    Independent Non-Executive Director

    • Tenure: 1.4yrs
    • Compensation: S$34.23k
  • Victor Shim

    Lead Independent Director

    • Tenure: 0.08yrs
    • Compensation: S$51.00k
  • June Seah

    Independent Non-Executive Director

    • Tenure: 2yrs
    • Compensation: S$44.00k

Company Information

VICOM Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: VICOM Ltd
  • Ticker: V01
  • Exchange: SGX
  • Founded: 1981
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: S$684.316m
  • Shares outstanding: 88.64m
  • Website: https://www.vicom.com.sg

Number of Employees


Location

  • VICOM Ltd
  • 385 Sin Ming Drive
  • Singapore
  • 575718
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
V01SGX (Singapore Exchange)YesOrdinary SharesSGSGDOct 1995

Biography

VICOM Ltd provides technical testing and inspection services in Singapore. It offers vehicle inspection services, including inspection for petrol-driven and diesel-driven vehicles, motorcycles, and power a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 12:34
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
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.