SGX:BFU

Stock Analysis Report

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Executive Summary

Tye Soon Limited, together with its subsidiaries, imports and exports, and distributes automotive parts in Singapore, Malaysia, Australia, Thailand, South Korea, and internationally. More Details


Snowflake Analysis

Undervalued with proven track record.

Share Price & News

How has Tye Soon's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

-5.9%

BFU

6.2%

SG Retail Distributors

1.9%

SG Market


1 Year Return

6.7%

BFU

-4.8%

SG Retail Distributors

5.8%

SG Market

Return vs Industry: BFU exceeded the SG Retail Distributors industry which returned -15.1% over the past year.

Return vs Market: BFU exceeded the SG Market which returned -1.6% over the past year.


Shareholder returns

BFUIndustryMarket
7 Day-5.9%6.2%1.9%
30 Day24.4%4.7%3.5%
90 Day24.4%13.6%7.8%
1 Year6.7%6.7%-0.2%-4.8%11.4%5.8%
3 Year-45.1%-46.7%-28.7%-36.7%-6.8%-18.3%
5 Year-59.5%-67.1%-31.9%-42.4%18.4%-3.3%

Long-Term Price Volatility Vs. Market

How volatile is Tye Soon's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tye Soon 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: BFU (SGD0.11) is trading below our estimate of fair value (SGD4.7)

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


Price To Earnings Ratio

PE vs Industry: BFU is good value based on its PE Ratio (8x) compared to the SG Retail Distributors industry average (8.7x).

PE vs Market: BFU is good value based on its PE Ratio (8x) compared to the SG market (15.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BFU is good value based on its PB Ratio (0.2x) compared to the SG Retail Distributors industry average (0.5x).


Next Steps

Future Growth

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

14.2%

Forecasted Retail 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 Tye Soon 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.


Next Steps

Past Performance

How has Tye Soon performed over the past 5 years?

-52.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BFU has high quality earnings.

Growing Profit Margin: BFU's current net profit margins (0.6%) are higher than last year (0.1%).


Past Earnings Growth Analysis

Earnings Trend: BFU's earnings have declined by 52.8% per year over the past 5 years.

Accelerating Growth: BFU's earnings growth over the past year (434.2%) exceeds its 5-year average (-52.8% per year).

Earnings vs Industry: BFU earnings growth over the past year (434.2%) exceeded the Retail Distributors industry -33.3%.


Return on Equity

High ROE: BFU's Return on Equity (2.3%) is considered low.


Next Steps

Financial Health

How is Tye Soon's financial position?


Financial Position Analysis

Short Term Liabilities: BFU's short term assets (SGD150.1M) exceed its short term liabilities (SGD97.0M).

Long Term Liabilities: BFU's short term assets (SGD150.1M) exceed its long term liabilities (SGD9.1M).


Debt to Equity History and Analysis

Debt Level: BFU's debt to equity ratio (119.8%) is considered high.

Reducing Debt: BFU's debt to equity ratio has reduced from 149.6% to 119.8% over the past 5 years.

Debt Coverage: BFU's debt is well covered by operating cash flow (31.7%).

Interest Coverage: BFU's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


Next Steps

Dividend

What is Tye Soon current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BFU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BFU's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BFU's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BFU's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BFU is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BFU's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

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

7.1yrs

Average management tenure


CEO

David Chong (54 yo)

7.08yrs

Tenure

Mr. Tek Yew Chong, also known as David, has been Managing Director of Tye Soon Limited since February 26, 2014 and has been its Executive Director since July 1, 1998. Mr. Chong served as Deputy Managing Di...


Leadership Team

NamePositionTenureCompensationOwnership
Tek Yew Chong
MD & Executive Director7.08yrsno data1.59%
SGD 155.0k
Huat Ong
President7.08yrsno data3.15%
SGD 307.6k
Choy Tong Lai
Group Financial Controller13.42yrsno datano data
Hock Siang Ong
Executive Director54.33yrsno data2.62%
SGD 255.8k
Eng Chian Ong
Deputy MD & Executive Director14.67yrsno data0.46%
SGD 45.1k
Kim Lin Wee
Company Secretaryno datano datano data
Frank Viola
Executive Officerno datano datano data

7.1yrs

Average Tenure

55yo

Average Age

Experienced Management: BFU's management team is seasoned and experienced (7.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Tek Yew Chong
MD & Executive Director7.08yrsno data1.59%
SGD 155.0k
Hock Siang Ong
Executive Director54.33yrsno data2.62%
SGD 255.8k
Eng Chian Ong
Deputy MD & Executive Director14.67yrsno data0.46%
SGD 45.1k
Lee Meng Lim
Independent Director23.83yrsno datano data
Lay May Ong
Non Executive & Non Independent Director27.42yrsno data0.69%
SGD 67.2k
Huat Kee Ong
Deputy Chairmanno datano data2.1%
SGD 205.5k
Eng Ong
Non-Executive & Non-Independent Director15yrsno data1.89%
SGD 185.2k
Khuan Heng Tham
Independent Non-Executive Chairman0.75yrno datano data
Huat Choo Ong
Non Executive & Non Independent Director10.25yrsno data3.08%
SGD 300.6k
Teck-Leng Chen
Non-Executive Independent Director4.25yrsno datano data
Eng Mien Ong
Non-Executive & Non Independent Director5.83yrsno data0.060%
SGD 5.9k

14.8yrs

Average Tenure

60yo

Average Age

Experienced Board: BFU's board of directors are seasoned and experienced ( 14.8 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Tye Soon Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tye Soon Limited
  • Ticker: BFU
  • Exchange: SGX
  • Founded: 1933
  • Industry: Distributors
  • Sector: Retail
  • Market Cap: S$9.774m
  • Shares outstanding: 87.27m
  • Website: https://www.tyesoon.com

Location

  • Tye Soon Limited
  • 3C Toh Guan Road East No. 01-03
  • Singapore
  • 608832
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BFUSGX (Singapore Exchange)YesOrdinary SharesSGSGDDec 1997

Biography

Tye Soon Limited, together with its subsidiaries, imports and exports, and distributes automotive parts in Singapore, Malaysia, Australia, Thailand, South Korea, and internationally. It offers electrical a...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/08 11:11
End of Day Share Price2021/03/08 00:00
Earnings2020/12/31
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.