Wing Tai Holdings
Market Cap
S$1.5b
Last Updated
2021/03/08 11:06 UTC
Data Sources
Company Financials +
Executive Summary
Wing Tai Holdings Limited, an investment holding company, engages in the property investment and development, lifestyle retail, and hospitality management businesses in Singapore, Malaysia, Australia, Japan, and the People's Republic of China. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and slightly overvalued.
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 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: W05's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
-1.6%
W05
1.0%
SG Real Estate
1.9%
SG Market
1 Year Return
2.2%
W05
-2.3%
SG Real Estate
5.8%
SG Market
Return vs Industry: W05 exceeded the SG Real Estate industry which returned -7.9% over the past year.
Return vs Market: W05 exceeded the SG Market which returned -1.6% over the past year.
Shareholder returns
| W05 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.6% | 1.0% | 1.9% |
| 30 Day | -2.6% | 2.5% | 3.5% |
| 90 Day | -1.1% | 3.2% | 7.8% |
| 1 Year | 3.9%2.2% | 1.2%-2.3% | 11.4%5.8% |
| 3 Year | -8.0%-15.3% | -20.9%-27.9% | -6.8%-18.3% |
| 5 Year | 28.5%11.2% | 2.3%-11.5% | 18.4%-3.3% |
Long-Term 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
2 weeks ago | Simply Wall St
Wing Tai Holdings (SGX:W05) Has A Pretty Healthy Balance Sheet1 month ago | Simply Wall St
What Kind Of Investors Own Most Of Wing Tai Holdings Limited (SGX:W05)?2 months ago | Simply Wall St
Is Wing Tai Holdings Limited (SGX:W05) A Strong Dividend Stock?Valuation
Is Wing Tai Holdings undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: W05 (SGD1.88) is trading below our estimate of fair value (SGD12.6)
Significantly Below Fair Value: W05 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: W05 is poor value based on its PE Ratio (53.4x) compared to the SG Real Estate industry average (13.7x).
PE vs Market: W05 is poor value based on its PE Ratio (53.4x) compared to the SG market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: W05 is poor value based on its PEG Ratio (3.6x)
Price to Book Ratio
PB vs Industry: W05's PB Ratio (0.4x) is in line with the SG Real Estate industry average.
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?
14.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: W05's forecast earnings growth (14.9% per year) is above the savings rate (2%).
Earnings vs Market: W05's earnings (14.9% per year) are forecast to grow slower than the SG market (25.7% per year).
High Growth Earnings: W05's earnings are forecast to grow, but not significantly.
Revenue vs Market: W05's revenue (9.8% per year) is forecast to grow faster than the SG market (9.1% per year).
High Growth Revenue: W05's revenue (9.8% per year) is forecast to grow slower 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?
-2.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: W05 has high quality earnings.
Growing Profit Margin: W05's current net profit margins (6.3%) are lower than last year (16.3%).
Past Earnings Growth Analysis
Earnings Trend: W05's earnings have declined by 2.6% 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 (-46.7%) over the past year, making it difficult to compare to the Real Estate industry average (-45.7%).
Return on Equity
High ROE: W05's Return on Equity (1.1%) 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 (SGD1.7B) exceed its short term liabilities (SGD213.9M).
Long Term Liabilities: W05's short term assets (SGD1.7B) exceed its long term liabilities (SGD700.6M).
Debt to Equity History and Analysis
Debt Level: W05's debt to equity ratio (19.9%) is considered satisfactory.
Reducing Debt: W05's debt to equity ratio has reduced from 34.1% to 19.9% over the past 5 years.
Debt Coverage: W05's debt is well covered by operating cash flow (56.9%).
Interest Coverage: W05's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Wing Tai Holdings's current dividend yield, its reliability and sustainability?
1.60%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: W05's dividend (1.6%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (1.88%).
High Dividend: W05's dividend (1.6%) is low compared to the top 25% of dividend payers in the SG market (4.82%).
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 fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (85.3%), W05's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: W05's dividends in 3 years are forecast to be covered by earnings (54% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
17.0yrs
Average management tenure
CEO
Wai Keung Cheng (70 yo)
36.17yrs
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 | 12.25yrs | no data | 0.24% SGD 3.5m | |
| Senior Advisor | 3.17yrs | no data | no data | |
| Chairman & MD | 36.17yrs | no data | 10.02% SGD 146.7m | |
| Deputy Chairman & Deputy MD | 37.17yrs | no data | no data | |
| Group Chief Financial Officer | 11.17yrs | no data | no data | |
| Company Secretary | no data | no data | no data | |
| Group Chief Human Resource Officer | 17yrs | no data | no data |
17.0yrs
Average Tenure
69yo
Average Age
Experienced Management: W05's management team is seasoned and experienced (17 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Director | 12.25yrs | no data | 0.24% SGD 3.5m | |
| Chairman & MD | 36.17yrs | no data | 10.02% SGD 146.7m | |
| Deputy Chairman & Deputy MD | 37.17yrs | no data | no data | |
| Lead Independent Director | 6.17yrs | no data | no data | |
| Independent Non-Executive Director | 0.67yr | no data | no data | |
| Non-Executive Director | 39.83yrs | no data | no data | |
| Independent Non-Executive Director | 3.17yrs | no data | no data | |
| Independent Non-Executive Director | 7.42yrs | no data | no data | |
| Independent Non-Executive Director | 3.17yrs | no data | no data | |
| Independent Non-Executive Director | 2.17yrs | 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$1.464b
- Shares outstanding: 770.50m
- 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 the property investment and development, lifestyle retail, and hospitality management businesses in Singapore, Malaysia, Australia, Japa...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/08 11:06 |
| End of Day Share Price | 2021/03/08 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.