SGX:BIX

Stock Analysis Report

Executive Summary

Ellipsiz Ltd, an investment holding company, distributes a range of manufacturing, testing, and inspection/measurement equipment to the semiconductor, electronics manufacturing, and telecommunication industries in Singapore, Malaysia, China, Taiwan, the United States, Europe, and internationally.


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BIX's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.9%

BIX

5.5%

SG Semiconductor

5.3%

SG Market


1 Year Return

-37.6%

BIX

-8.1%

SG Semiconductor

-25.9%

SG Market

Return vs Industry: BIX underperformed the SG Semiconductor industry which returned -8.1% over the past year.

Return vs Market: BIX underperformed the SG Market which returned -25.9% over the past year.


Shareholder returns

BIXIndustryMarket
7 Day1.9%5.5%5.3%
30 Day-24.3%-22.9%-18.7%
90 Day-37.6%-27.7%-24.5%
1 Year-34.5%-37.6%1.7%-8.1%-22.7%-25.9%
3 Year-41.3%-57.9%39.1%8.8%-18.4%-27.1%
5 Year-6.5%-43.2%135.6%50.9%-17.0%-31.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Ellipsiz undervalued compared to its fair value and its price relative to the market?

0.44x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: BIX (SGD0.27) is trading above our estimate of fair value (SGD0.02)

Significantly Below Fair Value: BIX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BIX is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.

PE vs Market: BIX is unprofitable, so we can't compare its PE Ratio to the SG market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BIX is good value based on its PB Ratio (0.4x) compared to the SG Semiconductor industry average (0.9x).


Next Steps

Future Growth

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

24.3%

Forecasted Semiconductors 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 Ellipsiz 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 Ellipsiz performed over the past 5 years?

-60.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BIX is currently unprofitable.

Growing Profit Margin: BIX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BIX is unprofitable, and losses have increased over the past 5 years at a rate of -60.5% per year.

Accelerating Growth: Unable to compare BIX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BIX is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-2.7%).


Return on Equity

High ROE: BIX has a negative Return on Equity (-12.24%), as it is currently unprofitable.


Next Steps

Financial Health

How is Ellipsiz's financial position?


Financial Position Analysis

Short Term Liabilities: BIX's short term assets (SGD89.5M) exceed its short term liabilities (SGD15.1M).

Long Term Liabilities: BIX's short term assets (SGD89.5M) exceed its long term liabilities (SGD697.0K).


Debt to Equity History and Analysis

Debt Level: BIX is debt free.

Reducing Debt: BIX has no debt compared to 5 years ago when its debt to equity ratio was 8.2%.


Balance Sheet

Inventory Level: BIX has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if BIX's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BIX has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: BIX has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is Ellipsiz's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BIX'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?

1.6yrs

Average management tenure


CEO

Kelvin Lum (45yo)

1.67s

Tenure

Mr. Wen Sum Lum, also known as Kelvin, has been an Executive Director and Chief Executive Officer of Ellipsiz Ltd since March 1, 2016 and August 8, 2018 respectively. Mr. Lum served as the Managing Directo ...


Leadership Team

NamePositionTenureCompensationOwnership
Wen Sum Lum
CEO & Executive Director1.67yrsno datano data
Ching Sian Chow
CFO & Company Secretary1.67yrsno datano data
Boon Teck Kang
Head of Corporate Development & Operations1.58yrsno datano data
Wee Liang Tan
Group Legal Counsel & Company Secretary1.25yrsno datano data
Kwun Gung
President of Distribution & Services Solutions0.17yrno datano data

1.6yrs

Average Tenure

Experienced Management: BIX's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Wen Sum Lum
CEO & Executive Director1.67yrsno datano data
Hee Kok Chng
Independent Non-Executive Chairman4.58yrsno datano data
Hwee Tan Wu
Non-Independent Non-Executive Director2.25yrsno datano data
Hong Leong
Independent Director10.92yrsno data0.018% SGD7.9k
Wen-Hong Lum
Non-Independent Non-Executive Director2.25yrsno datano data
Wee Kia Leow
Independent Director4.92yrsno datano data

4.3yrs

Average Tenure

45yo

Average Age

Experienced Board: BIX's board of directors are considered experienced (4.3 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

Ellipsiz Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ellipsiz Ltd
  • Ticker: BIX
  • Exchange: SGX
  • Founded: 1992
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: S$44.289m
  • Shares outstanding: 167.13m
  • Website: https://www.ellipsiz.com

Number of Employees


Location

  • Ellipsiz Ltd
  • No. 05-02, 54 Serangoon North Avenue
  • Singapore
  • 555854
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BIXSGX (Singapore Exchange)YesOrdinary SharesSGSGDJul 2000

Biography

Ellipsiz Ltd, an investment holding company, distributes a range of manufacturing, testing, and inspection/measurement equipment to the semiconductor, electronics manufacturing, and telecommunication industries in Singapore, Malaysia, China, Taiwan, the United States, Europe, and internationally. The company’s Distribution and Services Solutions segment distributes equipment and tools for semiconductor and electronics manufacturing, integrated circuit (IC) failure analysis, IC reliability testing, and printed circuit board assembly testing and inspection services; and provides equipment maintenance support engineering services, including systems integration to the semiconductor and electronics manufacturing services industry. This segment also provides facilities management services, such as chemicals, gas and abatement management, and turnkey wafer fabrication equipment relocation; and trades in consumable products for hospital, pharmaceutical, electronic, and food processing industries. Its Vending Solutions segment distributes, operates, and provides retail solutions through intelligent automated retail machines. Ellipsiz Ltd also offers solutions for in-circuit and functional testing; sells and markets scientific and industrial products; and related technical and support services. The company was formerly known as SingaTrust Ltd. and changed its name to Ellipsiz Ltd in 2001. Ellipsiz Ltd was founded in 1992 and is headquartered in Singapore. Ellipsiz Ltd is a subsidiary of Bevrian Pte Ltd. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 12:39
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.