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H19

Hwa HongSGX:H19 Stock Report

Market Cap

S$221.9m

7D

0%

1Y

21.4%

Updated

25 Oct, 2021

Data

Company Financials
H19 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance3/6
Financial Health1/6
Dividends1/6

H19 Overview

Hwa Hong Corporation Limited, an investment holding company, engages in the investment, development, and rental of properties in Singapore and the United Kingdom.

Price History & Performance

Summary of all time highs, changes and price drops for Hwa Hong
Historical stock prices
Current Share PriceS$0.34
52 Week HighS$0.26
52 Week LowS$0.36
Beta0.17
1 Month Change3.03%
3 Month Change17.24%
1 Year Change21.43%
3 Year Change13.33%
5 Year Change11.48%
Change since IPO-7.48%

Recent News & Updates

Sep 23
We Think Hwa Hong (SGX:H19) Has A Fair Chunk Of Debt

We Think Hwa Hong (SGX:H19) Has A Fair Chunk Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

May 08
Is Hwa Hong (SGX:H19) A Risky Investment?

Is Hwa Hong (SGX:H19) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Apr 11
Estimating The Fair Value Of Hwa Hong Corporation Limited (SGX:H19)

Estimating The Fair Value Of Hwa Hong Corporation Limited (SGX:H19)

Does the April share price for Hwa Hong Corporation Limited ( SGX:H19 ) reflect what it's really worth? Today, we will...

Shareholder Returns

H19SG Real EstateSG Market
7D0%0.5%0.8%
1Y21.4%24.0%22.7%

Return vs Industry: H19 underperformed the SG Real Estate industry which returned 24% over the past year.

Return vs Market: H19 underperformed the SG Market which returned 22.7% over the past year.

Price Volatility

Is H19's price volatile compared to industry and market?
H19 volatility
H19 Beta0.17
Industry Beta0.93
Market Beta1

Stable Share Price: H19 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: H19's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1952n/aEng Yaw Onghttps://www.hwahongcorp.com

Hwa Hong Corporation Limited, an investment holding company, engages in the investment, development, and rental of properties in Singapore and the United Kingdom. It operates in three segments: Rental, Investments, and Corporate and Others. The company is involved in the leasing of residential and commercial properties; provision of real estate investment advisory services; and ownership of warehouse for rental and storage, as well as packing and trading of edible oils.

Hwa Hong Fundamentals Summary

How do Hwa Hong's earnings and revenue compare to its market cap?
H19 fundamental statistics
Market CapS$221.90m
Earnings (TTM)S$6.15m
Revenue (TTM)S$11.03m

36.1x

P/E Ratio

20.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
H19 income statement (TTM)
RevenueS$11.03m
Cost of RevenueS$4.35m
Gross ProfitS$6.68m
ExpensesS$530.18k
EarningsS$6.15m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0094
Gross Margin60.53%
Net Profit Margin55.73%
Debt/Equity Ratio48.2%

How did H19 perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

101%

Payout Ratio

Valuation

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

36.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: H19 (SGD0.34) is trading above our estimate of fair value (SGD0.11)

Significantly Below Fair Value: H19 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: H19 is poor value based on its PE Ratio (36.1x) compared to the SG Real Estate industry average (13.9x).

PE vs Market: H19 is poor value based on its PE Ratio (36.1x) compared to the SG market (13.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate H19's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: H19 is overvalued based on its PB Ratio (1.2x) compared to the SG Real Estate industry average (0.5x).


Future Growth

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

17.7%

Forecasted Real Estate 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 Hwa Hong 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 Hwa Hong performed over the past 5 years?

-15.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: H19 has a large one-off gain of SGD10.6M impacting its June 30 2021 financial results.

Growing Profit Margin: H19's current net profit margins (55.7%) are higher than last year (19.8%).


Past Earnings Growth Analysis

Earnings Trend: H19's earnings have declined by 15.1% per year over the past 5 years.

Accelerating Growth: H19's earnings growth over the past year (103.7%) exceeds its 5-year average (-15.1% per year).

Earnings vs Industry: H19 earnings growth over the past year (103.7%) exceeded the Real Estate industry 16.8%.


Return on Equity

High ROE: H19's Return on Equity (3.4%) is considered low.


Financial Health

How is Hwa Hong's financial position?


Financial Position Analysis

Short Term Liabilities: H19's short term assets (SGD72.0M) do not cover its short term liabilities (SGD90.2M).

Long Term Liabilities: H19's short term assets (SGD72.0M) exceed its long term liabilities (SGD15.4M).


Debt to Equity History and Analysis

Debt Level: H19's debt to equity ratio (48.2%) is considered high.

Reducing Debt: H19's debt to equity ratio has increased from 36.7% to 48.2% over the past 5 years.

Debt Coverage: H19's debt is not well covered by operating cash flow (3.6%).

Interest Coverage: Insufficient data to determine if H19's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Hwa Hong current dividend yield, its reliability and sustainability?

2.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: H19's dividend (2.94%) is higher than the bottom 25% of dividend payers in the SG market (1.94%).

High Dividend: H19's dividend (2.94%) is low compared to the top 25% of dividend payers in the SG market (5.21%).


Stability and Growth of Payments

Stable Dividend: H19's dividend payments have been volatile in the past 10 years.

Growing Dividend: H19's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (101.1%), H19'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

How experienced are the management team and are they aligned to shareholders interests?

4.9yrs

Average management tenure


CEO

Eng Yaw Ong (49 yo)

0.50

Tenure

Mr. Eng Yaw Ong, LLB (2nd Class Upper Div.), M Sc (Invt. Management), MBA, serves as President, Secretary, Treasurer and Director of Shorea Capital (Delaware), Inc. Mr. Ong serves as Acting Group Managing...


Leadership Team

Experienced Management: H19's management team is considered experienced (4.9 years average tenure).


Board Members

Experienced Board: H19's board of directors are not considered experienced ( 1.4 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: Insufficient data to determine if 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

Hwa Hong Corporation Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Hwa Hong Corporation Limited
  • Ticker: H19
  • Exchange: SGX
  • Founded: 1952
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: S$221.905m
  • Shares outstanding: 652.66m
  • Website: https://www.hwahongcorp.com

Location

  • Hwa Hong Corporation Limited
  • 38 South Bridge Road
  • Road No. 04-01
  • Singapore
  • 58672
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:39
End of Day Share Price2021/10/25 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.