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Combine Will International Holdings

SGX:N0Z
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
N0Z
SGX
SGD34M
Market Cap
  1. Home
  2. SG
  3. Consumer Durables
Company description

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. The last earnings update was 15 days ago. More info.


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N0Z Share Price and Events
7 Day Returns
0%
SGX:N0Z
0.4%
Asia Leisure
0.2%
SG Market
1 Year Returns
20.5%
SGX:N0Z
-20.8%
Asia Leisure
-5.7%
SG Market
N0Z Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Combine Will International Holdings (N0Z) 0% 5% 5% 20.5% 24% 11.6%
Asia Leisure 0.4% -2% 5.4% -20.8% -30.6% -37.8%
SG Market 0.2% 4.1% 4.4% -5.7% 10.8% -2.6%
1 Year Return vs Industry and Market
  • N0Z outperformed the Leisure industry which returned -20.8% over the past year.
  • N0Z outperformed the Market in Singapore which returned -5.7% over the past year.
Price Volatility
N0Z
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Combine Will International Holdings's competitors could be found in our database.

N0Z Value

 Is Combine Will International Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Combine Will International Holdings. This is due to cash flow or dividend data being unavailable. The share price is SGD1.06.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Combine Will International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Combine Will International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:N0Z PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$1.63
SGX:N0Z Share Price ** SGX (2019-04-18) in SGD SGD1.06
SGX:N0Z Share Price converted to HKD reporting currency Exchange rate (SGD/ HKD) 5.763 HK$6.11
Asia Leisure Industry PE Ratio Median Figure of 17 Publicly-Listed Leisure Companies 16.7x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.19x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Combine Will International Holdings.

SGX:N0Z PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:N0Z Share Price ÷ EPS (both in HKD)

= 6.11 ÷ 1.63

3.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Combine Will International Holdings is good value based on earnings compared to the Asia Leisure industry average.
  • Combine Will International Holdings is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does Combine Will International Holdings's expected growth come at a high price?
Raw Data
SGX:N0Z PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
7%per year
Global Leisure Industry PEG Ratio Median Figure of 27 Publicly-Listed Leisure Companies 1.41x
Singapore Market PEG Ratio Median Figure of 120 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Combine Will International Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Combine Will International Holdings's assets?
Raw Data
SGX:N0Z PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$19.46
SGX:N0Z Share Price * SGX (2019-04-18) in SGD SGD1.06
SGX:N0Z Share Price converted to HKD reporting currency Exchange rate (SGD/ HKD) 5.763 HK$6.11
Asia Leisure Industry PB Ratio Median Figure of 27 Publicly-Listed Leisure Companies 1.03x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.76x
SGX:N0Z PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:N0Z Share Price ÷ Book Value per Share (both in HKD)

= 6.11 ÷ 19.46

0.31x

* Primary Listing of Combine Will International Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Combine Will International Holdings is good value based on assets compared to the Asia Leisure industry average.
X
Value checks
We assess Combine Will International Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Leisure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Leisure industry average (and greater than 0)? (1 check)
  5. Combine Will International Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

N0Z Future Performance

 How is Combine Will International Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Combine Will International Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Combine Will International Holdings expected to grow at an attractive rate?
  • Combine Will International Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Combine Will International Holdings's earnings growth is expected to exceed the Singapore market average.
  • Unable to compare Combine Will International Holdings's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:N0Z Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:N0Z Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 7%
Asia Leisure Industry Earnings Growth Rate Market Cap Weighted Average 17.9%
Global Leisure Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.9%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:N0Z Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:N0Z Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,563 -117 53
2018-09-30 1,625 -72 108
2018-06-30 1,533 206 18
2018-03-31 1,407 69 15
2017-12-31 1,364 216 10
2017-09-30 1,221 146 -17
2017-06-30 1,202 74 -30
2017-03-31 1,126 8 -38
2016-12-31 1,191 35 -35
2016-09-30 1,331 -79 -13
2016-06-30 1,498 89 1
2016-03-31 1,823 37 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Combine Will International Holdings's earnings are expected to grow by 7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Combine Will International Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:N0Z Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Combine Will International Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:N0Z Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 1.63
2018-09-30 3.34
2018-06-30 0.56
2018-03-31 0.46
2017-12-31 0.32
2017-09-30 -0.51
2017-06-30 -0.91
2017-03-31 -1.18
2016-12-31 -1.09
2016-09-30 -0.39
2016-06-30 0.05
2016-03-31 0.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Combine Will International Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Combine Will International Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Combine Will International Holdings has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

N0Z Past Performance

  How has Combine Will International Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Combine Will International Holdings's growth in the last year to its industry (Leisure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Combine Will International Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Combine Will International Holdings's 1-year earnings growth exceeds its 5-year average (402.9% vs 0.7%)
  • Combine Will International Holdings's earnings growth has exceeded the Asia Leisure industry average in the past year (402.9% vs -8.7%).
Earnings and Revenue History
Combine Will International Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Combine Will International Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:N0Z Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,563.30 52.75 171.81
2018-09-30 1,624.69 107.98 113.44
2018-06-30 1,532.98 18.17 107.85
2018-03-31 1,407.00 14.76 103.10
2017-12-31 1,363.94 10.49 100.13
2017-09-30 1,221.12 -16.67 107.49
2017-06-30 1,201.53 -29.51 105.86
2017-03-31 1,125.95 -38.13 106.39
2016-12-31 1,190.93 -35.47 111.00
2016-09-30 1,331.13 -12.70 118.76
2016-06-30 1,497.70 1.47 138.76
2016-03-31 1,823.18 13.70 162.30
2015-12-31 1,967.65 17.54 170.43
2015-09-30 2,094.91 21.90 170.38
2015-06-30 2,254.54 22.46 177.32
2015-03-31 2,189.28 23.60 168.97
2014-12-31 2,068.14 18.64 170.01
2014-09-30 1,989.03 43.60 151.76
2014-06-30 1,769.33 52.23 124.88
2014-03-31 1,549.12 16.12 118.81
2013-12-31 1,420.04 7.27 115.82
2013-09-30 1,337.06 -20.48 124.89
2013-06-30 1,345.71 -20.13 133.49
2013-03-31 1,444.44 20.00 131.71
2012-12-31 1,526.55 37.11 138.97
2012-09-30 1,604.59 33.06 153.07
2012-06-30 1,589.47 31.17 156.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Combine Will International Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Combine Will International Holdings used its assets less efficiently than the Asia Leisure industry average last year based on Return on Assets.
  • It is difficult to establish if Combine Will International Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Combine Will International Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Leisure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Combine Will International Holdings has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

N0Z Health

 How is Combine Will International Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Combine Will International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Combine Will International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Combine Will International Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Combine Will International Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Combine Will International Holdings Company Filings, last reported 3 months ago.

SGX:N0Z Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 640.27 329.49 167.93
2018-09-30 696.43 355.77 205.17
2018-06-30 613.46 309.27 98.69
2018-03-31 615.55 330.74 74.26
2017-12-31 599.17 215.30 73.06
2017-09-30 576.67 261.08 77.19
2017-06-30 563.89 287.53 59.52
2017-03-31 563.54 347.22 64.97
2016-12-31 561.21 347.62 43.39
2016-09-30 614.51 365.71 68.16
2016-06-30 632.53 320.22 67.22
2016-03-31 653.91 454.28 32.25
2015-12-31 659.82 743.49 54.94
2015-09-30 665.87 641.01 49.12
2015-06-30 682.09 771.29 46.23
2015-03-31 669.82 866.87 101.00
2014-12-31 675.93 599.90 53.86
2014-09-30 670.21 587.43 59.51
2014-06-30 659.87 603.02 67.84
2014-03-31 662.09 836.49 48.76
2013-12-31 662.56 1,138.77 67.46
2013-09-30 625.17 1,165.28 70.84
2013-06-30 614.04 1,235.45 61.85
2013-03-31 639.08 753.37 87.59
2012-12-31 650.05 398.12 54.80
2012-09-30 640.96 452.12 82.89
2012-06-30 631.05 408.64 117.09
  • Combine Will International Holdings's level of debt (51.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (171.4% vs 51.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Combine Will International Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Combine Will International Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Combine Will International Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

N0Z Dividends

 What is Combine Will International Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.73%
Current annual income from Combine Will International Holdings dividends.
If you bought SGD2,000 of Combine Will International Holdings shares you are expected to receive SGD95 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Combine Will International Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.49%).
  • Combine Will International Holdings's dividend is below the markets top 25% of dividend payers in Singapore (5.46%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:N0Z Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Asia Leisure Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 2.8%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:N0Z Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-11 0.289 4.809
2019-02-28 0.290 4.975
2017-11-10 0.000 0.000
2017-08-08 0.000 0.000
2017-05-11 0.000 0.000
2017-04-13 0.000 0.000
2017-02-28 0.000 0.000
2016-02-24 0.241 6.654
2012-12-03 0.000 0.000
2012-08-23 0.000 0.000
2012-05-14 0.000 0.000
2012-03-01 0.000 0.000
2011-04-07 0.610 7.234
2011-04-06 0.616 3.571
2011-02-21 0.607 3.377
2010-04-15 0.540 3.778
2010-02-26 0.552 7.219

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Combine Will International Holdings has been paying a dividend for less than 10 years.
  • Combine Will International Holdings has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Combine Will International Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Combine Will International Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Combine Will International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Combine Will International Holdings has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

N0Z Management

 What is the CEO of Combine Will International Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dominic Tam
COMPENSATION HK$329,000
AGE 63
CEO Bio

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. in 1992. He oversees all business and management activities of the Group and is responsible for setting business directions and goals, exploring new business opportunities and the overall customer relationships of the Group. Mr. Tam has more than 25 years of experience in toy product development and the manufacturing industry. He served as a Product Development Director at Zindart Industrial Co., Ltd from 1989 to 1991. He held senior positions with many US companies in Hong Kong from 1982 to 1988 in the areas of production planning, quality control and engineering. Companies he has served include Galco International Toys, LJN Toys, ERTL (HK) Ltd., Ideal Toys and Hong Kong Industrial Co., Ltd. He served as a Visiting Lecturer of the Hong Kong Polytechnic from 1980 to 1983. He served as the Chairman of the Hong Kong Diecasting Association in 2000 and 2001 and has been the Honorary Chairman thereafter. He has been an Executive Director of Combine Will International Holdings Ltd. since December 2007. He has been a committee member of The Toys Manufacturer's Association of Hong Kong. since 2002. Mr. Tam graduated with a Bachelor of Science Honours Degree in Production Engineering & Management from the Loughborough University in the UK in 1980.

CEO Compensation
  • Dominic's compensation has been consistent with company performance over the past year.
  • Dominic's remuneration is lower than average for companies of similar size in Singapore.
Management Team Tenure

Average tenure and age of the Combine Will International Holdings management team in years:

19.3
Average Tenure
55.5
Average Age
  • The average tenure for the Combine Will International Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dominic Tam

TITLE
Executive Chairman & CEO
COMPENSATION
HK$329K
AGE
63

Steven Xu

TITLE
Acting Chief Financial Officer
COMPENSATION
HK$13K
TENURE
2.4 yrs

Alan Li

TITLE
Group COO & Executive Director
COMPENSATION
HK$210K
AGE
53

Koulman Zheng

TITLE
Director and Head of Moulds & Tooling Business Unit
COMPENSATION
HK$342K
AGE
62

Samuel Hung

TITLE
GM & Head of Machine Sales Business Unit
COMPENSATION
HK$302K
AGE
49
TENURE
19.3 yrs

David Qiu

TITLE
Chief Production Officer & Head of Operations - ODM/OEM Business Unit
COMPENSATION
HK$215K
AGE
52
TENURE
27.3 yrs

Simon Chiu

TITLE
Executive Director
COMPENSATION
HK$327K
AGE
58

Joo Khin Ng

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the Combine Will International Holdings board of directors in years:

10.5
Average Tenure
55.5
Average Age
  • The average tenure for the Combine Will International Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Dominic Tam

TITLE
Executive Chairman & CEO
COMPENSATION
HK$329K
AGE
63

Alan Li

TITLE
Group COO & Executive Director
COMPENSATION
HK$210K
AGE
53
TENURE
2.9 yrs

Simon Chiu

TITLE
Executive Director
COMPENSATION
HK$327K
AGE
58
TENURE
11.5 yrs

Alexander Cheung

TITLE
Lead Independent Non-Executive Director
COMPENSATION
HK$70K
AGE
53

Jack Chia

TITLE
Non Executive & Independent Director
COMPENSATION
HK$70K
AGE
57
TENURE
11.1 yrs

Li Ning

TITLE
Non Executive & Independent Director
COMPENSATION
HK$60K
AGE
54
TENURE
9.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
X
Management checks
We assess Combine Will International Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Combine Will International Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

N0Z News

Simply Wall St News

The Combine Will International Holdings (SGX:N0Z) Share Price Is Up 20% And Shareholders Are Holding On

Just take a look at Combine Will International Holdings Limited (SGX:N0Z), which is up 20%, over three years, soundly beating the market return of 9.3% (not including dividends). … Combine Will International Holdings was able to grow its EPS at 45% per year over three years, sending the share price higher. … It might be well worthwhile taking a look at our free report on Combine Will International Holdings's earnings, revenue and cash flow.

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What does Combine Will International Holdings Limited's (SGX:N0Z) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as Combine Will International Holdings Limited (SGX:N0Z) with its market cap of S$33m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … I believe these basic checks tell most of the story you need to know.

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How Much Of Combine Will International Holdings Limited (SGX:N0Z) Do Institutions Own?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Combine Will International Holdings is not a large company by global standards.

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Combine Will International Holdings Limited (SGX:N0Z): What Are Investors Earning On Their Capital?

and want a simplistic look at the return on Combine Will International Holdings Limited (SGX:N0Z) stock. … Buying Combine Will International Holdings makes you a partial owner of the company. … Thus, to understand how your money can grow by investing in Combine Will International Holdings, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

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How Combine Will International Holdings Limited's (SGX:N0Z) Earnings Growth Stacks Up Against The Industry

After reading Combine Will International Holdings Limited's (SGX:N0Z) most recent earnings announcement (31 March 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … Did N0Z's recent earnings growth beat the long-term trend and the industry … N0Z's trailing twelve-month earnings (from 31 March 2018) of HK$14.76m has

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With An ROE Of 2.68%, Has Combine Will International Holdings Limited's (SGX:N0Z) Management Done Well?

and want to learn about Return on Equity using a real-life example. … With an ROE of 2.68%, Combine Will International Holdings Limited (SGX:N0Z) returned in-line to its own industry which delivered 11.30% over the past year. … But what is more interesting is whether N0Z can sustain or improve on this level of return

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Should You Buy Combine Will International Holdings Limited (SGX:N0Z) At This PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to better understand how you can grow your money by investing in Combine Will International Holdings Limited (SGX:N0Z). … Combine Will International Holdings Limited (SGX:N0Z) trades with a trailing P/E of 11.6x, which is lower than the industry average of 19.1x.

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Why Combine Will International Holdings Limited (SGX:N0Z) May Not Be As Efficient As Its Industry

Combine Will International Holdings Limited’s (SGX:N0Z) most recent return on equity was a substandard 2.02% relative to its industry performance of 10.51% over the past year. … View our latest analysis for Combine Will International Holdings What you must know about ROE Return on Equity (ROE) weighs Combine Will International Holdings’s profit against the level of its shareholders’ equity. … Since Combine Will International Holdings’s return does not cover its cost, with a difference of -11.02%, this means its current use of equity is not efficient and not sustainable.

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Should You Be Tempted To Buy Combine Will International Holdings Limited (SGX:N0Z) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for N0Z Price per share = HK$5.38 Earnings per share = HK$0.324 ∴ Price-Earnings Ratio = HK$5.38 ÷ HK$0.324 = 16.6x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … At 16.6x, N0Z’s P/E is lower than its industry peers (21.5x). … Both scenarios would explain why N0Z has a lower P/E ratio than its peers.

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Best Cheap Stocks To Buy This April

Combine Will International Holdings and CITIC Envirotech are two of the stocks I have identified as undervalued. … The discrepancy between the price and value means investors have an opportunity to buy shares at a discount. … SGX:CEE PE PEG Gauge Apr 5th 18 China International Holdings Limited (SGX:BEH) China International Holdings Limited, an investment holding company, engages in the water supply services, and land and real estate property development activities primarily in the People's Republic of China.

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N0Z Company Info

Description

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. The company operates through three divisions: ODM/OEM; Moulds and Tooling; and Trading. It also manufactures plastic injection and die-casting molds; and molds and tooling, as well as fixtures for the automobile, and consumer and household products industries. In addition, the company distributes machinery and precision tools for the manufacture of molds, die-cast, and automobile products; and manufactures electronics parts. Combine Will International Holdings Limited operates in Asia, the Middle East, the United States, and Europe. The company was founded in 1992 and is based in Dongguan, the People’s Republic of China. Combine Will International Holdings Limited is a subsidiary of HL Bank Nominees (Singapore) Pte Ltd.

Details
Name: Combine Will International Holdings Limited
N0Z
Exchange: SGX
Founded: 1992
SGD34,267,044
32,327,400
Website: http://www.combinewill.com
Address: Combine Will International Holdings Limited
Xin Cheng Ind. District,
Heng Li Zheng,
Dongguan,
Guangdong Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX N0Z Ordinary Shares Singapore Exchange SG SGD 23. Jun 2008
Number of employees
Current staff
Staff numbers
10,000
Combine Will International Holdings employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 13:35
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/04/10
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.