New Risk • Apr 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 9.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 222% Paying a dividend despite having no free cash flows. Earnings have declined by 54% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (S$41.4m market cap, or US$32.4m). Reported Earnings • Feb 11
First half 2026 earnings released: EPS: S$0.004 (vs S$0.011 in 1H 2025) First half 2026 results: EPS: S$0.004 (down from S$0.011 in 1H 2025). Revenue: S$34.6m (up 24% from 1H 2025). Net income: S$663.0k (down 64% from 1H 2025). Profit margin: 1.9% (down from 6.6% in 1H 2025). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. New Risk • Feb 11
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 222% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 222% Paying a dividend despite having no free cash flows. Earnings have declined by 54% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (S$43.1m market cap, or US$34.1m). Announcement • Nov 25
Ellipsiz Ltd. Approves Final Tax-Exempt (One-Tier) Dividend for the Financial Year Ended 30 June 2025, Payable on 27 November 2025 Ellipsiz Ltd. at its AGM held on October 28, 2025 approved final tax-exempt (one-tier) dividend of 1.00 cent per ordinary share for the financial year ended 30 June 2025. Upon approval, the dividend would be paid on 27 November 2025. Upcoming Dividend • Nov 04
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 11 November 2025. Payment date: 27 November 2025. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Singaporean dividend payers (5.2%). In line with average of industry peers (3.3%). Declared Dividend • Oct 15
Final dividend of S$0.01 announced Shareholders will receive a dividend of S$0.01. Ex-date: 11th November 2025 Payment date: 27th November 2025 Dividend yield will be 20%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (86% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 4.8% to shift the payout ratio to a potentially unsustainable range, which is less than the 43% EPS decline seen over the last 5 years. Reported Earnings • Oct 14
Full year 2025 earnings released: EPS: S$0.012 (vs S$0.008 loss in FY 2024) Full year 2025 results: EPS: S$0.012 (up from S$0.008 loss in FY 2024). Revenue: S$57.8m (up 16% from FY 2024). Net income: S$1.94m (up S$3.19m from FY 2024). Profit margin: 3.4% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Oct 13
Ellipsiz Ltd, Annual General Meeting, Oct 28, 2025 Ellipsiz Ltd, Annual General Meeting, Oct 28, 2025, at 15:00 Singapore Standard Time. Location: 1 orchid club road, orchid country club, emerald suite, singapore 769162, Singapore Reported Earnings • Aug 28
Full year 2025 earnings released: EPS: S$0.012 (vs S$0.023 loss in FY 2024) Full year 2025 results: EPS: S$0.012 (up from S$0.023 loss in FY 2024). Revenue: S$57.8m (up 4.9% from FY 2024). Net income: S$1.94m (up S$5.78m from FY 2024). Profit margin: 3.4% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Feb 20
Upcoming dividend of S$0.05 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 12 March 2025. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 3.6%. Lower than top quartile of Singaporean dividend payers (5.8%). Lower than average of industry peers (4.9%). Reported Earnings • Feb 12
First half 2025 earnings released: EPS: S$0.011 (vs S$0.009 in 1H 2024) First half 2025 results: EPS: S$0.011 (up from S$0.009 in 1H 2024). Revenue: S$27.9m (up 17% from 1H 2024). Net income: S$1.85m (up 20% from 1H 2024). Profit margin: 6.6% (up from 6.5% in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. New Risk • Feb 11
New major risk - Revenue and earnings growth Earnings have declined by 6.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 113% Earnings have declined by 6.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$27.6m market cap, or US$20.3m). Buy Or Sell Opportunity • Feb 11
Now 41% overvalued after recent price rise Over the last 90 days, the stock has risen 38% to S$0.23. The fair value is estimated to be S$0.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Announcement • Jan 27
Ellipsiz Ltd Announces Appointment of Ho Siew Keong Kenneth as Chief Executive Officer Ellipsiz Ltd. announced appointment of Ho Siew Keong Kenneth as Chief Executive Officer. Mr. Kenneth Ho has been Executive Director of the Company since 1 August 2024. Having observed and evaluated Mr. Ho's leadership capabilities and his management skills, and taking into consideration his qualifications, skill set and experience, the Nominating Committee is of the view that Mr. Ho is a suitable candidate for the role of Chief Executive Officer and recommended his appointment to the Board of Directors. The Board considered the recommendations of the Nominating Committee and concurred that it is appropriate to appoint Mr. Ho as Chief Executive Officer. The appointment is an executive role. As Chief Executive Officer, Mr. Kenneth Ho will provide leadership to management and oversee the operations of the Group. He will be responsible for charting the Group's corporate directions, managing its investment activities, and implementing its growth strategies. Working Experience: Executive Director, Ellipsiz Ltd, August 2024 to present General Manager, Lum Chang Holdings Limited, May 2024 to July 2024 Head of Vietnam and China, Chip Eng Seng Corporation (CES Corp), July 2022 to April 2024 Head of Vietnam, UOL Group, January 2022 to June 2022 Managing Director, Bankside Capital Pte Ltd. (Partner, New Wave Vietnam Real Estate Fund), December 2020 to December 2021 General Manager (China and Vietnam), CEL Development Pte Ltd. (A member of CES Corp), 2016 to 2020 CEO (China), LCD Global Investments Ltd, 2011 to 2016. Other DirectorShips Past: Lum Chang Holdings Limited Axis-Tec Pte Ltd. CES Vietnam Holdings Pte Ltd. CES Management (Vietnam) Pte Ltd. CES Technology Development (Taicang) Company. Other DirectorShips Present: Ellipsiz Ltd. Ellipsiz Agro Investments Pte Ltd. Ellipsiz DSS Pte Ltd. Ellipsiz Investments Pte Ltd. Ellipsiz iNETest Co. Ltd. iNETest Malaysia Sdn Bhd iNETest Resources Pte Ltd. ISE Capital Management Pte Ltd. ISE Foods Holdings Pte Ltd. Cyan Bay Pte Ltd. PT Super Makmur Sejahtera (Commissioner) Beijing Yinjian Industry Co. Ltd. Yinjian Investment (S) Pte Ltd. Silverlink Holdings Pte Ltd. Transil Corporation Pte Ltd. Director Experience Details: Executive Director of Ellipsiz Ltd. from August 2024 to present. Independent Director of Lum Chang Holdings Limited from September 2021 to May 2024. Professional Qualifications: Bachelor of Arts (Honours) in Economics & Political Science, York University, Toronto, Canada 1990. Board Change • Dec 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Beng Lam Lim was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 21
Ellipsiz Ltd Approves Final Tax-Exempt (One-Tier) Dividend for the Financial Year Ended 30 June 2024, Payable on 21 November 2024 Ellipsiz Ltd. at its AGM held on October 22, 2024 approved final tax-exempt (one-tier) dividend of 1.00 cent per ordinary share for the financial year ended 30 June 2024. Upon approval, the dividend would be paid on 21 November 2024. New Risk • Nov 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (S$28.3m market cap, or US$21.1m). Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Beng Lam Lim was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Oct 29
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 05 November 2024. Payment date: 21 November 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Singaporean dividend payers (6.0%). Higher than average of industry peers (5.2%). Declared Dividend • Oct 09
Dividend of S$0.01 announced Dividend of S$0.01 is the same as last year. Ex-date: 5th November 2024 Payment date: 21st November 2024 Dividend yield will be 5.9%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Aug 27
Full year 2024 earnings released: S$0.023 loss per share (vs S$0.012 profit in FY 2023) Full year 2024 results: S$0.023 loss per share (down from S$0.012 profit in FY 2023). Revenue: S$55.1m (down 6.9% from FY 2023). Net loss: S$3.84m (down 288% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Announcement • Aug 15
Ellipsiz Ltd to Report Fiscal Year 2024 Results on Aug 29, 2024 Ellipsiz Ltd announced that they will report fiscal year 2024 results on Aug 29, 2024 Announcement • Jul 31
Ellipsiz Ltd Appoints Ho Siew Keong Kenneth as Executive Director and Member of Management Committee, Effective August 1, 2024 Ellipsiz Ltd. announced appointment of Ho Siew Keong Kenneth as Executive Director. Role And Responsibilities: The appointment is an executive role and the responsibilities are formulating and implementing the overall business and corporate strategies for the Group, overseeing its management and day-to-day operations, driving the growth of the business and ensuring its sustainability, and developing strategic partnerships and alliances. Mr. Kenneth Ho will also be appointed as a member of the management committee that was formed to carry out the CEO functions pending the appointment of a new CEO, as announced by the Company on 14 June 2024. Working Experience: General Manager, Lum Chang Holdings Limited, May 2024 to July 2024 Head of Vietnam and China, Chip Eng Seng Corporation (CES Corp), July 2022 to April 2024 Head of Vietnam, UOL Group, January 2022 to June 2022 Managing Director, Bankside Capital Pte Ltd. (Partner, New Wave Vietnam Real Estate Fund), December 2020 to December 2021 General Manager (China and Vietnam), CEL Development Pte Ltd. (A member of CES Corp), 2016 to 2020 CEO (China), LCD Global Investments Ltd, 2011 to 2016. Other DirectorShips Past: Lum Chang Holdings Limited CES Vietnam Holdings Pte Ltd. CES Management (Vietnam) Pte Ltd. CES Technology Development (Taicang) Company. Other DirectorShips Present: Yinjian Investment (S) Pte Ltd. Silverlink Holdings Pte Ltd. Transil Corporation Pte Ltd. Beijing Yinjian Industry Co Ltd. Director Experience Details: Independent Director of Lum Chang Holdings Limited from September 2021 to May 2024. Professional Qualifications: Bachelor of Arts (Honours) in Economics & Political Science, York University, Toronto, Canada 1990. Appointment Date is August 1, 2024. Announcement • Jan 31
Ellipsiz Ltd to Report First Half, 2024 Results on Feb 07, 2024 Ellipsiz Ltd announced that they will report first half, 2024 results on Feb 07, 2024 Announcement • Jan 30
Ellipsiz Ltd Provides Earnings Guidance for the Financial Six Months Ended 31 December 2023 Ellipsiz Ltd. provided earnings guidance for the financial six months ended 31 December 2023. For the period, the company expects to record a loss for six months of fiscal year of 2024. The loss position was mainly attributable to lower performances of its Distribution & Services Solutions and Automated Precision System Solutions segments, and an impairment loss on goodwill in respect of a subsidiary. Upcoming Dividend • Oct 27
Upcoming dividend of S$0.01 per share at 4.9% yield Eligible shareholders must have bought the stock before 03 November 2023. Payment date: 21 November 2023. Payout ratio is on the higher end at 81% but the company is not cash flow positive. Trailing yield: 4.9%. Lower than top quartile of Singaporean dividend payers (6.7%). Higher than average of industry peers (4.0%). Reported Earnings • Oct 11
Full year 2023 earnings released: EPS: S$0.012 (vs S$0.017 in FY 2022) Full year 2023 results: EPS: S$0.012 (down from S$0.017 in FY 2022). Revenue: S$59.1m (up 6.4% from FY 2022). Net income: S$2.05m (down 26% from FY 2022). Profit margin: 3.5% (down from 4.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Oct 09
Ellipsiz Ltd, Annual General Meeting, Oct 24, 2023 Ellipsiz Ltd, Annual General Meeting, Oct 24, 2023, at 15:00 Singapore Standard Time. Location: 1 Orchid Club Road, Orchid Country Club Emerald Suite Singapore Singapore Agenda: To consider Adoption of the Directors' Statement and Audited Financial Statements for the financial year ended 30 June 2023 and the Auditor's Report thereon;to consider re-election of Ms Iris Wu Hwee Tan as a Director;to consider re-election of Mr Adrian Lum Wen-Hong as a Director;to consider declaration of a final tax-exempt (one-tier) dividend of 1.00 cent per ordinary share;to consider approval of Directors' fees of $297,000 for the financial year ending 30 June 2024, to be paid quarterly in arrears; to consider Re-appointment of Ernst & Young LLP as Auditor of the Company and authorising the Directors to fix their remuneration;and to consider other matters. New Risk • Aug 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.5% Last year net profit margin: 4.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (S$40.7m market cap, or US$30.0m). Reported Earnings • Aug 27
Full year 2023 earnings released: EPS: S$0.012 (vs S$0.017 in FY 2022) Full year 2023 results: EPS: S$0.012 (down from S$0.017 in FY 2022). Revenue: S$59.1m (up 6.4% from FY 2022). Net income: S$2.05m (down 26% from FY 2022). Profit margin: 3.5% (down from 4.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. New Risk • Aug 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Dividend is not well covered by cash flows (98% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (S$35.7m market cap, or US$26.4m). Announcement • Aug 11
Ellipsiz Ltd to Report Fiscal Year 2023 Results on Aug 24, 2023 Ellipsiz Ltd announced that they will report fiscal year 2023 results on Aug 24, 2023 Reported Earnings • Feb 10
First half 2023 earnings released: EPS: S$0.008 (vs S$0.01 in 1H 2022) First half 2023 results: EPS: S$0.008 (down from S$0.01 in 1H 2022). Revenue: S$28.4m (down 1.3% from 1H 2022). Net income: S$1.31m (down 18% from 1H 2022). Profit margin: 4.6% (down from 5.5% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 28
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 04 November 2022. Payment date: 21 November 2022. Payout ratio is a comfortable 61% and the cash payout ratio is 87%. Trailing yield: 3.4%. Lower than top quartile of Singaporean dividend payers (6.9%). Lower than average of industry peers (4.7%). Announcement • Oct 26
Ellipsiz Ltd Declares Final Tax-Exempt (One-Tier) Dividend for the Financial Year Ended 30 June 2022, Payable on November 21, 2022 Ellipsiz Ltd. at Annual General Meeting on 25 October 2022 declared final tax-exempt (one-tier) dividend of 1.00 cent per ordinary share for the financial year ended 30 June 2022, will be paid on 21 November 2022. Reported Earnings • Oct 11
Full year 2022 earnings released: EPS: S$0.017 (vs S$0.018 in FY 2021) Full year 2022 results: EPS: S$0.017 (down from S$0.018 in FY 2021). Revenue: S$55.6m (up 2.0% from FY 2021). Net income: S$2.75m (down 9.8% from FY 2021). Profit margin: 4.9% (down from 5.6% in FY 2021). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Oct 10
Ellipsiz Ltd, Annual General Meeting, Oct 25, 2022 Ellipsiz Ltd, Annual General Meeting, Oct 25, 2022, at 15:00 Singapore Standard Time. Location: 1 Orchid Club Road, Orchid Country Club Emerald Suite Singagpore Singapore Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 30 June 2022 together with the Auditor's Report thereon; to re-elect Mr David Ong Kim Huat, a Director who was first appointed by the Board of Directors of the Company on 27 January 2022, in accordance with Article 107 of the Company's Constitution; to re-elect the following Directors of the Company who retire by rotation pursuant to Article 101 of the Company's Constitution and who, being eligible, offer themselves for re-election; to declare a final tax-exempt (one-tier) dividend of 1.00 cent per ordinary share for the financial year ended 30 June 2022; to approve the payment of additional Directors' fees of $29,580 for the financial year ended 30 June 2022; and to consider other matters. Reported Earnings • Aug 26
Full year 2022 earnings released: EPS: S$0.017 (vs S$0.018 in FY 2021) Full year 2022 results: EPS: S$0.017 (down from S$0.018 in FY 2021). Revenue: S$55.6m (up 2.0% from FY 2021). Net income: S$2.75m (down 9.8% from FY 2021). Profit margin: 4.9% (down from 5.6% in FY 2021). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Aug 13
Ellipsiz Ltd Announces Resignation of Johnie Tan Wee Liang as Group Legal Counsel / Company Secretary Ellipsiz Ltd. announced resignation of Johnie Tan Wee Liang as Group Legal Counsel /Company Secretary. Reason For Cessation is to pursue personal interest. Announcement • Jul 02
Ellipsiz Ltd (SGX:BIX) completed the acquisition of 13.3% stake in ISE Capital Management Pte. Ltd. from Yayoi Yoshikawa for SGD 1.3 million. Ellipsiz Ltd (SGX:BIX) entered into a conditional sale and purchase agreement to acquire a 20% stake in ISE Capital Management Pte. Ltd. from Yayoi Yoshikawa for SGD 2 million on November 18, 2021. The Company had paid a refundable deposit of SGD 0.5 million to Yayoi Yoshikawa upon execution of the sale and purchase agreement. The Deposit shall form part of the payment of the Consideration on completion of the sale and purchase of the Sale Shares. On Completion, the Sale Shares shall be transferred to the Company or to such person(s) as it may direct. The Consideration shall be satisfied in cash by the Company from its internal resources. If required, the purchase of the Sale Shares having been approved by shareholders of the Ellipsiz at a general meeting of the Company or at any adjournment. On June 30, 2022 entered into a supplemental deed to make principal amendments, as per the new deed Ellipsiz Ltd acquired 13,333 Shares representing 13.3% stake in ISE Capital Management Pte. Ltd. for SGD 1.3 Millions.
Ellipsiz Ltd (SGX:BIX) completed the acquisition of 13.3% stake in ISE Capital Management Pte. Ltd. from Yayoi Yoshikawa for SGD 1.3 million on June 30, 2022. Reported Earnings • Feb 13
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: S$0.01 (down from S$0.025 in 1H 2021). Revenue: S$28.7m (up 4.7% from 1H 2021). Net income: S$1.59m (down 62% from 1H 2021). Profit margin: 5.5% (down from 15% in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Buying Opportunity • Feb 11
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be S$0.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company has become profitable over the last year. Announcement • Jan 29
Ellipsiz Ltd. Appoints David Ong Kim Huat as the Chairman, an Independent Director of the Board, Member of the Audit and Risk Committee, the Nominating Committee and the Remuneration Committee Ellipsiz Ltd. announced that it has appointed Mr. David Ong Kim Huat as the Chairman and an Independent Director of the Board with effect from 27 January 2022. In conjunction with Mr. Ong's appointment to the Board, he is also appointed as a member of the Audit and Risk Committee, the Nominating Committee and the Remuneration Committee. He has no relationship (whether familial, business, financial, employment, or otherwise) with the Company, its related corporations, substantial shareholder and officers. Buying Opportunity • Jan 19
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be S$0.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company has become profitable over the last year. Upcoming Dividend • Oct 26
Upcoming dividend of S$0.02 per share Eligible shareholders must have bought the stock before 02 November 2021. Payment date: 18 November 2021. Trailing yield: 6.7%. Within top quartile of Singaporean dividend payers (5.2%). Higher than average of industry peers (2.4%). Reported Earnings • Oct 03
Full year 2021 earnings released: EPS S$0.018 (vs S$0.004 loss in FY 2020) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: S$54.5m (flat on FY 2020). Net income: S$3.05m (up S$3.74m from FY 2020). Profit margin: 5.6% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Full year 2021 earnings released: EPS S$0.018 (vs S$0.004 loss in FY 2020) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: S$54.5m (flat on FY 2020). Net income: S$3.05m (up S$3.74m from FY 2020). Profit margin: 5.6% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 17
New 90-day high: S$0.37 The company is up 12% from its price of S$0.33 on 19 November 2020. The Singaporean market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 36% over the same period. Reported Earnings • Feb 11
First half 2021 earnings released: EPS S$0.025 (vs S$0.069 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: S$27.4m (up 1.2% from 1H 2020). Net income: S$4.20m (up S$15.7m from 1H 2020). Profit margin: 15% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 17
New 90-day high: S$0.36 The company is up 7.0% from its price of S$0.34 on 19 August 2020. The Singaporean market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is down 3.0% over the same period. Reported Earnings • Oct 08
Full year earnings released - S$0.0041 loss per share Over the last 12 months the company has reported total losses of S$689.0k, with losses widening by 34% from the prior year. Total revenue was S$54.2m over the last 12 months, up 8.0% from the prior year. Announcement • Sep 10
Ellipsiz Ltd to Report Fiscal Year 2020 Results on Aug 26, 2020 Ellipsiz Ltd announced that they will report fiscal year 2020 results on Aug 26, 2020