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B28

Bonvests HoldingsSGX:B28 Stock Report

Market Cap

S$397.5m

7D

3.7%

1Y

16.5%

Updated

16 Oct, 2021

Data

Company Financials
B28 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

B28 Overview

Bonvests Holdings Limited, an investment holding company, engages in the property development and investment, hotel ownership and management, and waste management and contract cleaning businesses.

Price History & Performance

Summary of all time highs, changes and price drops for Bonvests Holdings
Historical stock prices
Current Share PriceS$0.99
52 Week HighS$0.81
52 Week LowS$1.03
Beta0.59
1 Month Change1.54%
3 Month Change5.32%
1 Year Change16.47%
3 Year Change-24.43%
5 Year Change-18.52%
Change since IPO63.76%

Recent News & Updates

Aug 12
Is Bonvests Holdings (SGX:B28) Using Debt In A Risky Way?

Is Bonvests Holdings (SGX:B28) Using Debt In A Risky Way?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Shareholder Returns

B28SG HospitalitySG Market
7D3.7%5.7%2.0%
1Y16.5%18.5%21.6%

Return vs Industry: B28 underperformed the SG Hospitality industry which returned 18.5% over the past year.

Return vs Market: B28 underperformed the SG Market which returned 21.6% over the past year.

Price Volatility

Is B28's price volatile compared to industry and market?
B28 volatility
B28 Beta0.59
Industry Beta0.92
Market Beta1

Stable Share Price: B28 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: B28's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1969n/aHenry Ngohttps://www.bonvests.com.sg

Bonvests Holdings Limited, an investment holding company, engages in the property development and investment, hotel ownership and management, and waste management and contract cleaning businesses. The company operates through Rental, Hotel, Industrial, Investment, and Others segments. It owns and manages various commercial and residential properties.

Bonvests Holdings Fundamentals Summary

How do Bonvests Holdings's earnings and revenue compare to its market cap?
B28 fundamental statistics
Market CapS$397.50m
Earnings (TTM)-S$30.46m
Revenue (TTM)S$111.12m

3.6x

P/S Ratio

-13.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
B28 income statement (TTM)
RevenueS$111.12m
Cost of RevenueS$72.42m
Gross ProfitS$38.71m
ExpensesS$69.17m
Earnings-S$30.46m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.076
Gross Margin34.83%
Net Profit Margin-27.41%
Debt/Equity Ratio46.1%

How did B28 perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

-4%

Payout Ratio

Valuation

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

0.48x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: B28 (SGD0.99) is trading above our estimate of fair value (SGD0.03)

Significantly Below Fair Value: B28 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: B28 is unprofitable, so we can't compare its PE Ratio to the SG Hospitality industry average.

PE vs Market: B28 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 B28's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: B28 is good value based on its PB Ratio (0.5x) compared to the SG Hospitality industry average (0.9x).


Future Growth

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

27.1%

Forecasted Consumer 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 Bonvests Holdings 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 Bonvests Holdings performed over the past 5 years?

-73.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: B28 is currently unprofitable.

Growing Profit Margin: B28 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: B28 is unprofitable, and losses have increased over the past 5 years at a rate of 73.1% per year.

Accelerating Growth: Unable to compare B28's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: B28 is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (66.5%).


Return on Equity

High ROE: B28 has a negative Return on Equity (-3.63%), as it is currently unprofitable.


Financial Health

How is Bonvests Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: B28's short term assets (SGD71.8M) do not cover its short term liabilities (SGD210.7M).

Long Term Liabilities: B28's short term assets (SGD71.8M) do not cover its long term liabilities (SGD267.0M).


Debt to Equity History and Analysis

Debt Level: B28's debt to equity ratio (46.1%) is considered high.

Reducing Debt: B28's debt to equity ratio has increased from 29.2% to 46.1% over the past 5 years.

Debt Coverage: B28's debt is not well covered by operating cash flow (2.8%).

Interest Coverage: Insufficient data to determine if B28's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

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

0.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: B28's dividend (0.3%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (1.93%).

High Dividend: B28's dividend (0.3%) is low compared to the top 25% of dividend payers in the SG market (5.25%).


Stability and Growth of Payments

Stable Dividend: B28 is not paying a notable dividend for the SG market, therefore no need to check if payments are stable.

Growing Dividend: B28 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: B28 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of B28'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?

0.3yrs

Average board tenure


CEO

Henry Ngo

no data

Tenure

Mr. Henry Ngo founded Bonvests Holdings Ltd. in 1982 and serves as its Managing Director. Mr. Ngo is responsible for mapping out the corporate and growth strategy of Bonvests Holdings Limited.He has wide...


Board Members

Experienced Board: B28's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: B28 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bonvests Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Bonvests Holdings Limited
  • Ticker: B28
  • Exchange: SGX
  • Founded: 1969
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: S$397.502m
  • Shares outstanding: 401.52m
  • Website: https://www.bonvests.com.sg

Location

  • Bonvests Holdings Limited
  • No. 16-00 Liat Towers
  • 541 Orchard Road
  • Singapore
  • 238881
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 11:02
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.