Combine Will International Holdings
Market Cap
S$33.9m
Last Updated
2019/11/11 12:40 UTC
Data Sources
Company Financials
Executive Summary
Combine Will International Holdings Limited, an investment holding company, operates as an original design manufacturer (ODM)/original equipment manufacturer (OEM) of corporate premiums, toys, and consumer products.
Snowflake
Fundamentals
Adequate balance sheet and slightly overvalued.
Share Price & News
How has Combine Will International Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: N0Z has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.9%
N0Z
-2.6%
SG Leisure
-0.007%
SG Market
1 Year Return
-3.6%
N0Z
22.8%
SG Leisure
4.1%
SG Market
Return vs Industry: N0Z underperformed the SG Leisure industry which returned 22.8% over the past year.
Return vs Market: N0Z underperformed the SG Market which returned 4.1% over the past year.
Shareholder returns
| N0Z | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.9% | -2.6% | -0.007% |
| 30 Day | 5.0% | 4.7% | 3.2% |
| 90 Day | 5.0% | 18.7% | 2.1% |
| 1 Year | 1.1%-3.6% | 24.9%22.8% | 8.3%4.1% |
| 3 Year | 113.9%103.8% | -26.7%-28.9% | 21.1%8.2% |
| 5 Year | 102.5%82.8% | 1.4%-4.4% | 12.7%-6.0% |
Price Volatility Vs. Market
How volatile is Combine Will International Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Is Combine Will International Holdings Limited (SGX:N0Z) Overpaying Its CEO?1 month ago | Simply Wall St
Are You An Income Investor? Don't Miss Out On Combine Will International Holdings Limited (SGX:N0Z)2 months ago | Simply Wall St
Should Combine Will International Holdings (SGX:N0Z) Be Disappointed With Their 87% Profit?Valuation
Is Combine Will International Holdings undervalued compared to its fair value and its price relative to the market?
17.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: N0Z (SGD1.06) is trading below our estimate of fair value (SGD1.28)
Significantly Below Fair Value: N0Z is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: N0Z is unprofitable, so we can't compare its PE Ratio to the Leisure industry average.
PE vs Market: N0Z is unprofitable, so we can't compare its PE Ratio to the SG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate N0Z's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: N0Z is good value based on its PB Ratio (0.3x) compared to the XA Leisure industry average (1.6x).
Next Steps
Future Growth
How is Combine Will International Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
34.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: N0Z is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: N0Z is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: N0Z is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: Insufficient data to determine if N0Z's revenue is forecast to grow faster than the SG market.
High Growth Revenue: Insufficient data to determine if N0Z's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if N0Z's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Combine Will International Holdings performed over the past 5 years?
18.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: N0Z has large one-off items impacting its financial results.
Growing Profit Margin: N0Z's current net profit margins (-0.1%) are lower than last year (6.9%).
Past Earnings Growth Analysis
Earnings Trend: N0Z is unprofitable, but has reduced losses over the past 5 years at a rate of 18.6% per year.
Accelerating Growth: Unable to compare N0Z's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: N0Z is unprofitable, making it difficult to compare its past year earnings growth to the Leisure industry (3.6%).
Return on Equity
High ROE: N0Z has a negative Return on Equity (-0.99%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Combine Will International Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: N0Z's short term assets (HK$1.1B) exceeds its short term liabilities (HK$706.1M)
Long Term Liabilities: N0Z's short term assets (1.1B) exceeds its long term liabilities (103.8M)
Debt to Equity History and Analysis
Debt Level: N0Z's debt to equity ratio (57.6%) is considered high
Reducing Debt: N0Z's debt to equity ratio has reduced from 87.7% to 57.6% over the past 5 years.
Debt Coverage: N0Z's debt is well covered by operating cash flow (39.3%).
Interest Coverage: N0Z is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Inventory Level: N0Z has a high level of physical assets or inventory.
Debt Coverage by Assets: N0Z's debt is covered by short term assets (assets are 2.9x debt).
Next Steps
Dividend
What is Combine Will International Holdings's current dividend yield, its reliability and sustainability?
4.63%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: N0Z's dividend (4.63%) is higher than the bottom 25% of dividend payers in the SG market (2.62%).
High Dividend: N0Z's dividend (4.63%) is low compared to the top 25% of dividend payers in the SG market (5.64%).
Stability and Growth of Payments
Stable Dividend: N0Z's dividend payments have been volatile in the past 10 years.
Growing Dividend: N0Z's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (12.8%), N0Z's dividend payments are thoroughly 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 Combine Will International Holdings's salary, the management and board of directors tenure and is there insider trading?
7.6yrs
Average board tenure
CEO
Dominic Tam (64yo)
0yrs
Tenure
HK$326,000
Compensation
Mr. Jo Tak Tam, also known as Dominic, serves as the Executive Chairman and Chief Executive Officer of Combine Will International Holdings Ltd. Mr. Tam co-founded Combine Will International Holdings Ltd. i ...
CEO Compensation Analysis
Compensation vs Market: Dominic's total compensation ($USD239.76K) is about average for companies of similar size in the SG market ($USD261.38K).
Compensation vs Earnings: Dominic's compensation has been consistent with company performance over the past year.
Board Age and Tenure
7.6yrs
Average Tenure
56yo
Average Age
Experienced Board: N0Z's board of directors are considered experienced (7.6 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Joo Khin Ng
Company Secretary
- Tenure: 0yrs
Dominic Tam (64yo)
Executive Chairman & CEO
- Tenure: 0yrs
- Compensation: HK$326.00k
David Qiu (53yo)
Chief Production Officer & Head of Operations - ODM/OEM Business Unit
- Tenure: 27.8yrs
- Compensation: HK$211.00k
Alan Li (54yo)
Group COO & Executive Director
- Tenure: 3.5yrs
- Compensation: HK$200.00k
Simon Chiu (59yo)
Executive Director
- Tenure: 12.1yrs
- Compensation: HK$326.00k
Steven Xu
Acting Chief Financial Officer
- Tenure: 3yrs
- Compensation: HK$77.00k
Board Members
Alexander Cheung (54yo)
Lead Independent Non-Executive Director
- Tenure: 0yrs
- Compensation: HK$700.00k
Jack Chia (58yo)
Non Executive & Independent Director
- Tenure: 11.7yrs
- Compensation: HK$700.00k
Dominic Tam (64yo)
Executive Chairman & CEO
- Tenure: 0yrs
- Compensation: HK$326.00k
Alan Li (54yo)
Group COO & Executive Director
- Tenure: 3.5yrs
- Compensation: HK$200.00k
Simon Chiu (59yo)
Executive Director
- Tenure: 12.1yrs
- Compensation: HK$326.00k
Sung Leng Wee (53yo)
Independent Non-Executive Director
- Tenure: 0.6yrs
Company Information
Combine Will International Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Combine Will International Holdings Limited
- Ticker: N0Z
- Exchange: SGX
- Founded: 1992
- Industry: Leisure Products
- Sector: Consumer Durables
- Market Cap: S$33.944m
- Shares outstanding: 32.33m
- Website: https://www.combinewill.com
Number of Employees
Location
- Combine Will International Holdings Limited
- Xin Cheng Ind. District
- Heng Li Zheng
- Dongguan
- Guangdong Province
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| N0Z | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Jun 2008 |
Biography
Combine Will International Holdings Limited, an investment holding company, operates as an original design manufacturer (ODM)/original equipment manufacturer (OEM) of corporate premiums, toys, and consumer ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/11 12:40 |
| End of Day Share Price | 2019/11/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.