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Market Cap

S$55.5m

Last Updated

2021/04/13 11:08 UTC

Data Sources

Company Financials

Executive Summary

CDW Holding Limited, an investment holding company, produces and supplies precision components in Mainland China, Hong Kong, Japan, and internationally. More Details


Snowflake Analysis

Excellent balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BXE is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BXE's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

0%

BXE

-2.9%

SG Semiconductor

-0.9%

SG Market


1 Year Return

96.2%

BXE

90.0%

SG Semiconductor

23.0%

SG Market

Return vs Industry: BXE matched the SG Semiconductor industry which returned 92.2% over the past year.

Return vs Market: BXE exceeded the SG Market which returned 23.3% over the past year.


Shareholder returns

BXEIndustryMarket
7 Day0%-2.9%-0.9%
30 Day-7.3%7.7%3.2%
90 Day-3.8%7.2%6.6%
1 Year118.7%96.2%97.3%90.0%29.3%23.0%
3 Year34.2%4.1%64.5%42.0%-1.8%-13.9%
5 Year22.3%-16.7%422.2%268.8%20.1%-2.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is CDW Holding 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: BXE (SGD0.25) is trading below our estimate of fair value (SGD0.52)

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


Price To Earnings Ratio

PE vs Industry: BXE is poor value based on its PE Ratio (28.1x) compared to the SG Semiconductor industry average (20.4x).

PE vs Market: BXE is poor value based on its PE Ratio (28.1x) compared to the SG market (16.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BXE's PB Ratio (0.8x) is in line with the SG Semiconductor industry average.


Future Growth

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

21.3%

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 CDW Holding 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.


Past Performance

How has CDW Holding performed over the past 5 years?

-59.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BXE has high quality earnings.

Growing Profit Margin: BXE became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BXE's earnings have declined by 59.8% per year over the past 5 years.

Accelerating Growth: BXE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BXE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (8.6%).


Return on Equity

High ROE: BXE's Return on Equity (2.9%) is considered low.


Financial Health

How is CDW Holding's financial position?


Financial Position Analysis

Short Term Liabilities: BXE's short term assets ($88.3M) exceed its short term liabilities ($44.5M).

Long Term Liabilities: BXE's short term assets ($88.3M) exceed its long term liabilities ($6.3M).


Debt to Equity History and Analysis

Debt Level: BXE's debt to equity ratio (25.7%) is considered satisfactory.

Reducing Debt: BXE's debt to equity ratio has increased from 7.5% to 25.7% over the past 5 years.

Debt Coverage: BXE's debt is well covered by operating cash flow (34.1%).

Interest Coverage: BXE's interest payments on its debt are well covered by EBIT (18.9x coverage).


Balance Sheet


Dividend

What is CDW Holding current dividend yield, its reliability and sustainability?

5.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BXE's dividend (5.9%) is higher than the bottom 25% of dividend payers in the SG market (1.85%).

High Dividend: BXE's dividend (5.9%) is in the top 25% of dividend payers in the SG market (4.56%)


Stability and Growth of Payments

Stable Dividend: BXE's dividend payments have been volatile in the past 10 years.

Growing Dividend: BXE's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (165.8%), BXE's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Makoto Yoshikawa (46 yo)

3yrs

Tenure

US$335,988

Compensation

Mr. Makoto Yoshikawa has been Chairman of CDW Holding Ltd since June 1, 2018 and its Chief Executive Officer since April 30, 2018. Mr. Yoshikawa served as Chief Operating Officer of CDW Holding Limited fro...


CEO Compensation Analysis

Compensation vs Market: Makoto's total compensation ($USD335.99K) is about average for companies of similar size in the SG market ($USD377.75K).

Compensation vs Earnings: Makoto's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BXE's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: BXE's board of directors are considered experienced (6.5 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

CDW Holding Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CDW Holding Limited
  • Ticker: BXE
  • Exchange: SGX
  • Founded: 1991
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: S$55.497m
  • Shares outstanding: 221.99m
  • Website: https://www.cdw-holding.com.hk

Number of Employees


Location

  • CDW Holding Limited
  • CCT Telecom Building
  • Room 6-10, 11th Floor
  • Sha Tin
  • New Territories
  • Hong Kong

Listings


Biography

CDW Holding Limited, an investment holding company, produces and supplies precision components in Mainland China, Hong Kong, Japan, and internationally. The company operates through four segments: LCD Back...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/13 11:08
End of Day Share Price2021/04/13 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.