Wing Tai Holdings
Market Cap
S$1.4b
Last Updated
2020/07/04 12:48 UTC
Data Sources
Company Financials +
Executive Summary
Wing Tai Holdings Limited, an investment holding company, engages in property development, property investment, and retailing businesses in Singapore, Malaysia, Australia, Japan, and the People's Republic of China.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with reasonable growth potential and pays a dividend.
Share Price & News
How has Wing Tai Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: W05 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.6%
W05
2.1%
SG Real Estate
1.3%
SG Market
1 Year Return
-13.9%
W05
-24.3%
SG Real Estate
-22.3%
SG Market
Return vs Industry: W05 exceeded the SG Real Estate industry which returned -24.3% over the past year.
Return vs Market: W05 exceeded the SG Market which returned -22.3% over the past year.
Shareholder returns
| W05 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.6% | 2.1% | 1.3% |
| 30 Day | -2.2% | -1.3% | -1.4% |
| 90 Day | 18.5% | 14.4% | 12.7% |
| 1 Year | -11.8%-13.9% | -22.4%-24.3% | -18.2%-22.3% |
| 3 Year | -1.2%-9.8% | -23.7%-29.8% | -11.9%-22.5% |
| 5 Year | 11.0%-4.0% | -20.4%-30.8% | -5.6%-22.7% |
Price Volatility Vs. Market
How volatile is Wing Tai Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Here's Why Wing Tai Holdings (SGX:W05) Can Manage Its Debt Responsibly1 month ago | Simply Wall St
We're Not Counting On Wing Tai Holdings (SGX:W05) To Sustain Its Statutory Profitability2 months ago | Simply Wall St
How Many Wing Tai Holdings Limited (SGX:W05) Shares Did Insiders Buy, In The Last Year?Valuation
Is Wing Tai Holdings undervalued compared to its fair value and its price relative to the market?
26.94x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: W05 (SGD1.79) is trading above our estimate of fair value (SGD0.47)
Significantly Below Fair Value: W05 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: W05 is poor value based on its PE Ratio (26.9x) compared to the Real Estate industry average (11.5x).
PE vs Market: W05 is poor value based on its PE Ratio (26.9x) compared to the SG market (12.2x).
Price to Earnings Growth Ratio
PEG Ratio: W05 is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: W05 is good value based on its PB Ratio (0.4x) compared to the SG Real Estate industry average (0.5x).
Next Steps
Future Growth
How is Wing Tai Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
18.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: W05's forecast earnings growth (18.8% per year) is above the savings rate (2.2%).
Earnings vs Market: W05's earnings (18.8% per year) are forecast to grow faster than the SG market (8.5% per year).
High Growth Earnings: W05's earnings are forecast to grow, but not significantly.
Revenue vs Market: W05's revenue (21.7% per year) is forecast to grow faster than the SG market (4.2% per year).
High Growth Revenue: W05's revenue (21.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: W05's Return on Equity is forecast to be low in 3 years time (2.1%).
Next Steps
Past Performance
How has Wing Tai Holdings performed over the past 5 years?
-7.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: W05 has a large one-off gain of SGD15.1M impacting its December 31 2009 financial results.
Growing Profit Margin: W05's current net profit margins (16.3%) are lower than last year (57.9%).
Past Earnings Growth Analysis
Earnings Trend: W05's earnings have declined by -7% per year over the past 5 years.
Accelerating Growth: W05's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: W05 had negative earnings growth (-76.4%) over the past year, making it difficult to compare to the Real Estate industry average (-13.2%).
Return on Equity
High ROE: W05's Return on Equity (1.8%) is considered low.
Next Steps
Financial Health
How is Wing Tai Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: W05's short term assets (SGD1.4B) exceed its short term liabilities (SGD124.3M).
Long Term Liabilities: W05's short term assets (SGD1.4B) exceed its long term liabilities (SGD745.1M).
Debt to Equity History and Analysis
Debt Level: W05's debt to equity ratio (19.1%) is considered satisfactory.
Reducing Debt: W05's debt to equity ratio has reduced from 45.3% to 19.1% over the past 5 years.
Debt Coverage: W05's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: W05's interest payments on its debt are not well covered by EBIT (1x coverage).
Balance Sheet
Next Steps
Dividend
What is Wing Tai Holdings's current dividend yield, its reliability and sustainability?
2.79%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: W05's dividend (2.79%) is higher than the bottom 25% of dividend payers in the SG market (2.67%).
High Dividend: W05's dividend (2.79%) is low compared to the top 25% of dividend payers in the SG market (6.14%).
Stability and Growth of Payments
Stable Dividend: W05's dividend payments have been volatile in the past 10 years.
Growing Dividend: W05's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.2%), W05's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: W05's dividends in 3 years are forecast to be covered by earnings (53.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
25.9yrs
Average management tenure
CEO
Wai Keung Cheng (70yo)
35.5yrs
Tenure
Mr. Wai Keung Cheng has been the Managing Director of Wing Tai Holdings Limited since 1985. Mr. Cheng served as the Managing Director of Wing Tai Malaysia Berhad since September 20, 1975. He has been Chair ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Director | 11.58yrs | no data | 0.26% SGD3.6m | |
| Senior Advisor | 2.5yrs | no data | no data | |
| Chairman & MD | 35.5yrs | no data | 10.04% SGD138.2m | |
| Deputy Chairman & Deputy MD | 36.5yrs | no data | no data | |
| Chief Financial Officer | no data | no data | no data | |
| Company Secretary | no data | no data | no data | |
| Group Chief Human Resource Officer | 16.33yrs | no data | no data |
25.9yrs
Average Tenure
69yo
Average Age
Experienced Management: W05's management team is seasoned and experienced (25.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Director | 11.58yrs | no data | 0.26% SGD3.6m | |
| Chairman & MD | 35.5yrs | no data | 10.04% SGD138.2m | |
| Deputy Chairman & Deputy MD | 36.5yrs | no data | no data | |
| Lead Independent Director | 5.5yrs | no data | no data | |
| Independent Non-Executive Director | no data | no data | no data | |
| Non-Executive Director | 39.17yrs | no data | no data | |
| Independent Non-Executive Director | 2.5yrs | no data | no data | |
| Independent Non-Executive Director | 6.75yrs | no data | no data | |
| Independent Non-Executive Director | 2.5yrs | no data | no data | |
| Independent Non-Executive Director | 1.5yrs | no data | no data |
6.8yrs
Average Tenure
67yo
Average Age
Experienced Board: W05's board of directors are considered experienced (6.8 years average tenure).
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
Wing Tai Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Wing Tai Holdings Limited
- Ticker: W05
- Exchange: SGX
- Founded: 1955
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: S$1.377b
- Shares outstanding: 769.06m
- Website: https://www.wingtaiasia.com.sg
Location
- Wing Tai Holdings Limited
- No. 10-01 Winsland House I
- 3 Killiney Road
- Singapore
- 239519
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| W05 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Jan 1992 |
| WT4 | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
Biography
Wing Tai Holdings Limited, an investment holding company, engages in property development, property investment, and retailing businesses in Singapore, Malaysia, Australia, Japan, and the People's Republic of China. The company develops residential and commercial properties; and invests in and manages serviced residences under the Lanson Place brand name, as well as manages a boutique hotel in Hong Kong. It is also involved in the retail of garments; the provision of consultancy and advisory services; and project management and property maintenance activities. As of June 30, 2019, the company operated 243 stores in Singapore and Malaysia. Wing Tai Holdings Limited was founded in 1955 and is based in Singapore.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/04 12:48 |
| End of Day Share Price | 2020/07/03 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/06/30 |
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.