Micro-Mechanics (Holdings)
Market Cap
S$262.8m
Last Updated
2020/01/24 12:45 UTC
Data Sources
Company Financials +
Executive Summary
Micro-Mechanics (Holdings) Ltd. designs, manufactures, and markets high precision parts and tools used in applications for the wafer-fabrication and assembly processes of the semiconductor industry.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with reasonable growth potential.
Share Price & News
How has Micro-Mechanics (Holdings)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 5DD has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.1%
5DD
-1.8%
SG Semiconductor
-1.5%
SG Market
1 Year Return
10.7%
5DD
44.3%
SG Semiconductor
0.6%
SG Market
Return vs Industry: 5DD underperformed the SG Semiconductor industry which returned 49.1% over the past year.
Return vs Market: 5DD exceeded the SG Market which returned 2.1% over the past year.
Shareholder returns
| 5DD | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.1% | -1.8% | -1.5% |
| 30 Day | 1.1% | 5.7% | 0.6% |
| 90 Day | 1.6% | 23.4% | 1.9% |
| 1 Year | 17.1%10.7% | 60.1%44.3% | 4.7%0.6% |
| 3 Year | 150.4%112.5% | 172.1%109.3% | 13.7%1.6% |
| 5 Year | 312.7%204.1% | 249.2%124.3% | 11.4%-7.2% |
Price Volatility Vs. Market
How volatile is Micro-Mechanics (Holdings)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
A Note On Micro-Mechanics (Holdings) Ltd.'s (SGX:5DD) ROE and Debt To Equity1 month ago | Simply Wall St
Is Micro-Mechanics (Holdings)'s (SGX:5DD) Share Price Gain Of 201% Well Earned?1 month ago | Simply Wall St
What Percentage Of Micro-Mechanics (Holdings) Ltd. (SGX:5DD) Shares Do Insiders Own?Valuation
Is Micro-Mechanics (Holdings) undervalued compared to its fair value and its price relative to the market?
22.2x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 5DD (SGD1.9) is trading above our estimate of fair value (SGD1.33)
Significantly Below Fair Value: 5DD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 5DD is poor value based on its PE Ratio (22.6x) compared to the Semiconductor industry average (15.4x).
PE vs Market: 5DD is poor value based on its PE Ratio (22.6x) compared to the SG market (13.5x).
Price to Earnings Growth Ratio
PEG Ratio: 5DD is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: 5DD is overvalued based on its PB Ratio (4.3x) compared to the SG Semiconductor industry average (0.8x).
Next Steps
Future Growth
How is Micro-Mechanics (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
15.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 5DD's forecast earnings growth (15.3% per year) is above the savings rate (1.8%).
Earnings vs Market: 5DD's earnings (15.3% per year) are forecast to grow faster than the SG market (6.6% per year).
High Growth Earnings: 5DD's earnings are forecast to grow, but not significantly.
Revenue vs Market: 5DD's revenue (10.8% per year) is forecast to grow faster than the SG market (5.6% per year).
High Growth Revenue: 5DD's revenue (10.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 5DD's Return on Equity is forecast to be high in 3 years time (27.4%)
Next Steps
Past Performance
How has Micro-Mechanics (Holdings) performed over the past 5 years?
7.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 5DD has high quality earnings.
Growing Profit Margin: 5DD's current net profit margins (19.9%) are lower than last year (25.6%).
Past Earnings Growth Analysis
Earnings Trend: 5DD's earnings have grown by 7.9% per year over the past 5 years.
Accelerating Growth: 5DD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 5DD had negative earnings growth (-28.9%) over the past year, making it difficult to compare to the Semiconductor industry average (-5.9%).
Return on Equity
High ROE: 5DD's Return on Equity (18.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Micro-Mechanics (Holdings)'s financial position?
Financial Position Analysis
Short Term Liabilities: 5DD's short term assets (SGD40.5M) exceed its short term liabilities (SGD8.5M).
Long Term Liabilities: 5DD's short term assets (SGD40.5M) exceed its long term liabilities (SGD2.6M).
Debt to Equity History and Analysis
Debt Level: 5DD is debt free.
Reducing Debt: 5DD has not had any debt for past 5 years.
Debt Coverage: 5DD has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 5DD has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 5DD has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 5DD's debt is covered by short term assets.
Next Steps
Dividend
What is Micro-Mechanics (Holdings)'s current dividend yield, its reliability and sustainability?
5.35%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 5DD's dividend (5.26%) is higher than the bottom 25% of dividend payers in the SG market (2.5%).
High Dividend: 5DD's dividend (5.26%) is low compared to the top 25% of dividend payers in the SG market (5.41%).
Stability and Growth of Payments
Stable Dividend: 5DD's dividend payments have been volatile in the past 10 years.
Growing Dividend: 5DD's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (106.8%), 5DD's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 5DD's dividends in 3 years are forecast to be covered by earnings (83.7% payout ratio).
Next Steps
Management
What is the CEO of Micro-Mechanics (Holdings)'s salary, the management and board of directors tenure and is there insider trading?
13.2yrs
Average board tenure
CEO
Chris Borch 0
0yrs
Tenure
Mr. Christopher R. Borch, also known as Chris, founded Micro-Mechanics Holdings Ltd. in 1983 and serves as its Chief Executive Officer. Mr. Borch served as the President of Micro-Mechanics Holdings Ltd. He ...
Board Age and Tenure
13.2yrs
Average Tenure
53yo
Average Age
Experienced Board: 5DD's board of directors are seasoned and experienced ( 13.2 years average tenure).
Insider Trading
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.
Management Team
Kam Wing Chow (60yo)
CFO, Company Secretary & Executive Director
- Tenure: 17yrs
Beng Lim Tan
General Manager of Micro-Mechanics Technology Sdn. Bhd. Malaysia
Ming Wah Low
President
- Tenure: 23.6yrs
Chris Borch
Founder
Board Members
Kam Wing Chow (60yo)
CFO, Company Secretary & Executive Director
- Tenure: 17yrs
Chin Yee Lai (53yo)
Independent Director
- Tenure: 5.6yrs
- Compensation: S$87.00k
Rabia Menon
Independent Non-Executive Chairman
- Tenure: 9.4yrs
- Compensation: S$99.00k
Ming Wah Low
President
- Tenure: 23.6yrs
Chris Borch
Founder
Kenny Kwan (49yo)
Independent Director
- Tenure: 0.6yrs
- Compensation: S$2.54k
Company Information
Micro-Mechanics (Holdings) Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Micro-Mechanics (Holdings) Ltd.
- Ticker: 5DD
- Exchange: SGX
- Founded: 1983
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: S$262.770m
- Shares outstanding: 139.03m
- Website: https://www.micro-mechanics.com
Number of Employees
Location
- Micro-Mechanics (Holdings) Ltd.
- No. 31 Kaki Bukit Place
- Eunos Techpark
- Singapore
- 416209
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 5DD | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Jun 2003 |
| MCRN.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 2003 |
Biography
Micro-Mechanics (Holdings) Ltd. designs, manufactures, and markets high precision parts and tools used in applications for the wafer-fabrication and assembly processes of the semiconductor industry. The company operates in five segments: Singapore, Malaysia, The Philippines, USA, and China. It offers die attach - pick-up products, such as rubber tips, high-temp plastic tools, tungsten carbide tools, sensor assemblies, and vacuum wand tools; die attach - dispensing products, including dispense nozzle adaptors, dispense nozzles, pen dispense assemblies, writing pen nozzle tips, and epoxy stamping tools; and die attach - die ejection products comprising ejector needles, needle holders/pepper pots, and needle holder seals. The company also provides thermosonic bonding products that include clamps and electronic flame off products; ultrasonic bonding products comprising clamps, bearing base assemblies, anvils, and wire cutters; and encapsulation products consisting of BGA dispensing nozzles, dispensing manifolds, pump screws, and O-rings. In addition, it manufactures precision parts and assemblies on a contract basis for OEMs. Micro-Mechanics (Holdings) Ltd. was founded in 1983 and is based in Singapore.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/24 12:45 |
| End of Day Share Price | 2020/01/24 00:00 |
| Earnings | 2019/09/30 |
| 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.