SGX:W05

Stock Analysis Report

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Market Cap

S$1.4b

Last Updated

2021/07/23 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


Snowflake Analysis

Excellent balance sheet and fair value.

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 +/- 3% a week.

Volatility Over Time: W05's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.6%

W05

1.3%

SG Real Estate

-0.2%

SG Market


1 Year Return

5.1%

W05

17.4%

SG Real Estate

19.9%

SG Market

Return vs Industry: W05 underperformed the SG Real Estate industry which returned 17.4% over the past year.

Return vs Market: W05 underperformed the SG Market which returned 19.9% over the past year.


Shareholder returns

W05IndustryMarket
7 Day-1.6%1.3%-0.2%
30 Day1.1%1.3%0.6%
90 Day-3.2%-1.0%-1.1%
1 Year7.0%5.1%20.6%17.4%24.5%19.9%
3 Year-4.3%-12.0%-6.1%-14.5%4.0%-8.6%
5 Year22.2%5.7%8.6%-6.3%25.5%2.4%

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

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 (SGD1.84) is trading below our estimate of fair value (SGD14.53)

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 (52.3x) compared to the SG Real Estate industry average (16.6x).

PE vs Market: W05 is poor value based on its PE Ratio (52.3x) compared to the SG market (15.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate W05's PEG Ratio to determine if it is good value.


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).


Future Growth

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

43.4%

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 Wing Tai 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 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 (-45.2%).


Return on Equity

High ROE: W05's Return on Equity (1.1%) is considered low.


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


Dividend

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

1.63%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: W05's dividend (1.63%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (1.87%).

High Dividend: W05's dividend (1.63%) is low compared to the top 25% of dividend payers in the SG market (4.98%).


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: 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?

17.3yrs

Average management tenure


CEO

Wai Keung Cheng (71 yo)

36.5yrs

Tenure

Mr. Wai Keung Cheng serves as a Chairman of Singapore Health Services Pte Ltd since July 1, 2021. He has been the Managing Director of Wing Tai Holdings Limited since 1985. Mr. Cheng served as the Managing...


Leadership Team

Experienced Management: W05's management team is seasoned and experienced (17.3 years average tenure).


Board Members

Experienced Board: W05's board of directors are considered experienced (7.1 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$1.416b
  • Shares outstanding: 769.38m
  • Website: https://www.wingtaiasia.com.sg

Location

  • Wing Tai Holdings Limited
  • No. 10-01 Winsland House I
  • 3 Killiney Road
  • Singapore
  • 239519
  • Singapore

Listings


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/23 11:06
End of Day Share Price2021/07/22 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.