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42E

Choo Chiang Holdings Catalist:42E Stock Report

Last Price

S$0.34

Market Cap

S$70.6m

7D

0%

1Y

n/a

Updated

06 Aug, 2022

Data

Company Financials +
42E fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends4/6

42E Stock Overview

Choo Chiang Holdings Ltd., an investment holding company, engages in the retail and distribution of electrical products and accessories in Singapore.

Choo Chiang Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Choo Chiang Holdings
Historical stock prices
Current Share PriceS$0.34
52 Week HighS$0.40
52 Week LowS$0.24
Beta0.16
1 Month Change1.49%
3 Month Change-8.11%
1 Year Changen/a
3 Year Change9.68%
5 Year Change-6.85%
Change since IPO-8.11%

Recent News & Updates

Shareholder Returns

42ESG Specialty RetailSG Market
7D0%-0.07%1.8%
1Yn/a24.6%-0.07%

Return vs Industry: Insufficient data to determine how 42E performed against the SG Specialty Retail industry.

Return vs Market: Insufficient data to determine how 42E performed against the SG Market.

Price Volatility

Is 42E's price volatile compared to industry and market?
42E volatility
42E Average Weekly Movementn/a
Specialty Retail Industry Average Movement6.4%
Market Average Movement4.8%
10% most volatile stocks in SG Market12.3%
10% least volatile stocks in SG Market2.2%

Stable Share Price: Insufficient data to determine 42E's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine 42E's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1977n/aThomas Limhttps://www.choochiang.com

Choo Chiang Holdings Ltd., an investment holding company, engages in the retail and distribution of electrical products and accessories in Singapore. The company operates through two segments, Distribution Business and Property Investment Business. It offers cables; electrical wiring accessories; electrical circuit protection and wiring device; lighting protection; cable support system; power tool and hardware; fans; and luminaries, lamps, and accessories.

Choo Chiang Holdings Fundamentals Summary

How do Choo Chiang Holdings's earnings and revenue compare to its market cap?
42E fundamental statistics
Market CapS$70.60m
Earnings (TTM)S$8.57m
Revenue (TTM)S$79.38m

8.2x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
42E income statement (TTM)
RevenueS$79.38m
Cost of RevenueS$55.79m
Gross ProfitS$23.59m
Other ExpensesS$15.02m
EarningsS$8.57m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.041
Gross Margin29.71%
Net Profit Margin10.79%
Debt/Equity Ratio0%

How did 42E perform over the long term?

See historical performance and comparison

Dividends

7.6%

Current Dividend Yield

49%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 42E undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 42E?

Other financial metrics that can be useful for relative valuation.

42E key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA4.6x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does 42E's PE Ratio compare to its peers?

42E PE Ratio vs Peers
The above table shows the PE ratio for 42E vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.1x
5WJ MoneyMax Financial Services
4.4xn/aS$87.1m
VI2 Trans-China Automotive Holdings
4.7x22.0%S$117.9m
AWI Thakral
6.8xn/aS$82.4m
5UF Maxi-Cash Financial Services
12.2xn/aS$176.0m
42E Choo Chiang Holdings
8.2x11.4%S$70.6m

Price-To-Earnings vs Peers: 42E is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (11.1x).


Price to Earnings Ratio vs Industry

How does 42E's PE Ratio compare vs other companies in the Asian Specialty Retail Industry?

Price-To-Earnings vs Industry: 42E is good value based on its Price-To-Earnings Ratio (8.2x) compared to the SG Specialty Retail industry average (10.8x)


Price to Earnings Ratio vs Fair Ratio

What is 42E's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

42E PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 42E's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 42E when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 42E (SGD0.34) is trading below our estimate of fair value (SGD1.39)

Significantly Below Fair Value: 42E is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Choo Chiang Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 42E's forecast earnings growth (11.4% per year) is above the savings rate (1.8%).

Earnings vs Market: 42E's earnings (11.4% per year) are forecast to grow slower than the SG market (13.2% per year).

High Growth Earnings: 42E's earnings are forecast to grow, but not significantly.

Revenue vs Market: 42E's revenue (8.2% per year) is forecast to grow faster than the SG market (8% per year).

High Growth Revenue: 42E's revenue (8.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 42E's Return on Equity is forecast to be low in 3 years time (17.8%).


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Past Performance

How has Choo Chiang Holdings performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 42E has high quality earnings.

Growing Profit Margin: 42E's current net profit margins (10.8%) are higher than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: 42E's earnings have grown by 2.6% per year over the past 5 years.

Accelerating Growth: 42E's earnings growth over the past year (189.9%) exceeds its 5-year average (2.6% per year).

Earnings vs Industry: 42E earnings growth over the past year (189.9%) exceeded the Specialty Retail industry 12.8%.


Return on Equity

High ROE: 42E's Return on Equity (16.1%) is considered low.


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Financial Health

How is Choo Chiang Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 42E's short term assets (SGD46.7M) exceed its short term liabilities (SGD13.3M).

Long Term Liabilities: 42E's short term assets (SGD46.7M) exceed its long term liabilities (SGD3.0M).


Debt to Equity History and Analysis

Debt Level: 42E is debt free.

Reducing Debt: 42E has no debt compared to 5 years ago when its debt to equity ratio was 6.2%.

Debt Coverage: 42E has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 42E has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Choo Chiang Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


7.65%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 42E's dividend (7.65%) is higher than the bottom 25% of dividend payers in the SG market (2.28%).

High Dividend: 42E's dividend (7.65%) is in the top 25% of dividend payers in the SG market (5.84%)


Stability and Growth of Payments

Stable Dividend: 42E has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 42E's dividend payments have increased, but the company has only paid a dividend for 6 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (48.5%), 42E's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (55.7%), 42E's dividend payments are covered by cash flows.


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Management

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

4.0yrs

Average management tenure


CEO

Thomas Lim (66 yo)

7.92yrs

Tenure

Mr. Teck Chuan Lim, also known as Thomas, has been the Executive Chairman and Chief Executive Officer of Choo Chiang Holdings Ltd. since September 5, 2014. Mr. Lim is responsible for the overall management...


Leadership Team

Experienced Management: 42E's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: 42E's board of directors are considered experienced (4 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Choo Chiang Holdings Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Choo Chiang Holdings Ltd.
  • Ticker: 42E
  • Exchange: Catalist
  • Founded: 1977
  • Industry: Home Improvement Retail
  • Sector: Retail
  • Implied Market Cap: S$70.603m
  • Shares outstanding: 207.66m
  • Website: https://www.choochiang.com

Number of Employees


Location

  • Choo Chiang Holdings Ltd.
  • 10 Woodlands Loop
  • Singapore
  • 738388
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/07/19 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.