SGX:CGN

Stock Analysis Report

Best World International

Executive Summary

Best World International Limited develops, manufactures, and distributes skincare, personal care, nutritional, and wellness products.

Snowflake

Fundamentals

Flawless balance sheet with solid track record and pays a dividend.

Share Price & News

How has Best World International's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

CGN

1.1%

SG Personal Products

1.1%

SG Market


1 Year Return

7.9%

CGN

-1.3%

SG Personal Products

0.9%

SG Market


Shareholder returns

CGNIndustryMarket
7 Day0%1.1%1.1%
30 Day0%1.2%-1.9%
90 Dayn/a0.2%-6.5%
1 Year9.5%7.9%0.2%-1.3%4.9%0.9%
3 Year119.3%104.8%-4.9%-8.7%15.2%2.9%
5 Year1688.5%1445.5%23.1%15.0%11.2%-7.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Best World International undervalued compared to its fair value and its price relative to the market?

9.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: CGN (SGD1.36) is trading above our estimate of fair value (SGD1.13)

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


Price To Earnings Ratio

PE vs Industry: CGN is good value based on its PE Ratio (9.6x) compared to the Personal Products industry average (20.7x).

PE vs Market: CGN is good value based on its PE Ratio (9.6x) compared to the SG market (13.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: CGN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CGN is overvalued based on its PB Ratio (4.1x) compared to the XA Personal Products industry average (2x).


Next Steps

Future Growth

How is Best World International forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-23.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CGN's earnings are forecast to decline over the next 3 years (-23.9% per year).

Earnings vs Market: CGN's earnings are forecast to decline over the next 3 years (-23.9% per year).

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

Revenue vs Market: CGN's revenue is expected to decline over the next 3 years (-16.1% per year).

High Growth Revenue: CGN's revenue is forecast to decline over the next 3 years (-16.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has Best World International performed over the past 5 years?

52.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CGN's earnings have grown significantly by 52.7% per year over the past 5 years.

Accelerating Growth: CGN's earnings growth over the past year (49.7%) is below its 5-year average (52.7% per year).

Earnings vs Industry: CGN earnings growth over the past year (49.7%) exceeded the Personal Products industry 7.8%.


Return on Equity

High ROE: CGN's Return on Equity (42.5%) is considered outstanding.


Return on Assets

ROA vs Industry: CGN has a higher Return on Assets than the Personal Products industry average last year.


Return on Capital Employed

ROCE Improving: CGN has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Best World International's financial position?


Financial Position Analysis

Short Term Liabilities: CGN's short term assets (SGD249.6M) exceeds its short term liabilities (SGD100.1M)

Long Term Liabilities: CGN's short term assets (249.6M) exceeds its long term liabilities (7.5M)


Debt to Equity History and Analysis

Debt Level: CGN's debt to equity ratio (0.8%) is considered satisfactory

Reducing Debt: CGN's debt to equity ratio has reduced from 6.7% to 0.8% over the past 5 years.

Debt Coverage: CGN's debt is well covered by operating cash flow (7905.4%).

Interest Coverage: CGN earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Information is not available.

Information is not available.


Next Steps

Dividend

What is Best World International's current dividend yield, its reliability and sustainability?

3.97%

Current Dividend Yield


Dividend Yield vs Market

company4.0%marketbottom25%2.5%markettop25%5.6%industryaverage1.6%forecastin3Years3.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CGN's dividend (3.97%) is higher than the bottom 25% of dividend payers in the SG market (2.46%).

High Dividend: CGN's dividend (3.97%) is low compared to the top 25% of dividend payers in the SG market (5.56%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38.3%), CGN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CGN's dividends in 3 years are forecast to be well covered by earnings (48.9% payout ratio).


Next Steps

Management

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

6.8yrs

Average management tenure


CEO

Dora Hoan (65yo)

7yrs

Tenure

0

Dr. Beng Mui Hoan, also known as Dora, PBM is the founder of Best World Lifestyle Sdn Bhd and serves as its Co-Chairman, Group Chief Executive Officer and Managing Director. Dr. Hoan Co-founded Best World  ...


Management Age and Tenure

6.8yrs

Average Tenure

57.5yo

Average Age

Experienced Management: CGN's management team is seasoned and experienced (6.8 years average tenure).


Board Age and Tenure

4.3yrs

Average Tenure

64yo

Average Age

Experienced Board: CGN's board of directors are considered experienced (4.3 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.


Recent Insider Transactions

BuyS$99,00010 Apr 19
Nee Tan
EntityIndividual
Role
Co-Chairman of the Board
Co-Founder
Shares50,000
Max PriceS$1.98
BuyS$100,00009 Apr 19
Beng Hoan
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares50,000
Max PriceS$2.00
BuyS$99,50004 Apr 19
Beng Hoan
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares50,000
Max PriceS$1.99
BuyS$100,00004 Apr 19
Nee Tan
EntityIndividual
Role
Co-Chairman of the Board
Co-Founder
Shares50,000
Max PriceS$2.00

Ownership Breakdown


Management Team

  • Joanna Lim

    Company Secretary

    • Tenure: 4yrs
  • Doreen Tan (64yo)

    Co-Founder

    • Tenure: 7yrs
  • Hui Koh (41yo)

    Senior Group Financial Controller

    • Tenure: 6.6yrs
  • Dora Hoan (65yo)

    Co-Founder

    • Tenure: 7yrs
  • Ban Chin Huang (51yo)

    COO & Executive Director

    • Tenure: 24.9yrs
  • Kok Gan

    Senior Group Manager of Human Resource Development & Culture Communication

    • Tenure: 0yrs
  • Kok Ho

    General Manager of (Manufacturing/Wholesale) of Best World (China) Pharmaceutical Co.

    • Tenure: 3.6yrs
  • Sugiharto Husin

    Senior Group Manager of Information System

    • Tenure: 0yrs

Board Members

  • Sen Choon Lee (67yo)

    Lead Independent Non-Executive Director

    • Tenure: 7.3yrs
    • Compensation: S$52.00k
  • Doreen Tan (64yo)

    Co-Founder

    • Tenure: 7yrs
  • Dora Hoan (65yo)

    Co-Founder

    • Tenure: 7yrs
  • Ban Chin Huang (51yo)

    COO & Executive Director

    • Tenure: 24.9yrs
  • Adrian Chan (54yo)

    Non-Executive Independent Director

    • Tenure: 1.6yrs
  • Bai Weiliang Pek

    Alternate Director

    • Tenure: 0.6yrs
  • Li Lihui

    Alternate Director

    • Tenure: 0.6yrs
  • Chester Fong

    Non-Executive Independent Director

    • Tenure: 0.5yrs

Company Information

Best World International Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Best World International Limited
  • Ticker: CGN
  • Exchange: SGX
  • Founded: 1990
  • Industry: Personal Products
  • Sector: Household
  • Market Cap: S$739.976m
  • Shares outstanding: 544.10m
  • Website: https://www.bestworld.com.sg

Location

  • Best World International Limited
  • No. 05-01, 26 Tai Seng Street
  • Singapore
  • 534057
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CGNSGX (Singapore Exchange)YesOrdinary SharesSGSGDJul 2004

Biography

Best World International Limited develops, manufactures, and distributes skincare, personal care, nutritional, and wellness products. The company operates through Direct Selling, Export, Manufacturing/Whol ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/06 12:31
End of Day Share Price2019/05/09 00:00
Earnings2019/03/31
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.