SGX:B69

Stock Analysis Report

Broadway Industrial Group

Executive Summary

Broadway Industrial Group Limited, an investment holding company, designs, develops, and manufactures precision-machined components and assemblies for the data storage, semiconductor, solar, automotive, and other industries.


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has Broadway Industrial Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: B69's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

35.9%

B69

3.9%

SG Tech

5.0%

SG Market


1 Year Return

58.2%

B69

-3.3%

SG Tech

-23.6%

SG Market

Return vs Industry: B69 exceeded the SG Tech industry which returned -3.3% over the past year.

Return vs Market: B69 exceeded the SG Market which returned -23.9% over the past year.


Shareholder returns

B69IndustryMarket
7 Day35.9%3.9%5.0%
30 Day38.1%-8.8%-10.8%
90 Day-26.9%-15.9%-22.0%
1 Year58.2%58.2%-0.3%-3.3%-20.4%-23.6%
3 Year-38.7%-38.7%9.9%0.3%-14.8%-23.9%
5 Year-23.1%-54.2%22.0%5.4%-15.4%-29.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Broadway Industrial Group 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: B69 (SGD0.09) is trading below our estimate of fair value (SGD0.37)

Significantly Below Fair Value: B69 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: B69 is unprofitable, so we can't compare its PE Ratio to the Tech industry average.

PE vs Market: B69 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 B69's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: B69 is good value based on its PB Ratio (0.6x) compared to the XA Tech industry average (1.1x).


Next Steps

Future Growth

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

19.6%

Forecasted Tech 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 Broadway Industrial Group 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 Broadway Industrial Group performed over the past 5 years?

29.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: B69 is currently unprofitable.

Growing Profit Margin: B69 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: B69 is unprofitable, but has reduced losses over the past 5 years at a rate of 29.4% per year.

Accelerating Growth: Unable to compare B69's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: B69 is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (0.4%).


Return on Equity

High ROE: B69 has a negative Return on Equity (-24.32%), as it is currently unprofitable.


Next Steps

Financial Health

How is Broadway Industrial Group's financial position?


Financial Position Analysis

Short Term Liabilities: B69's short term assets (SGD95.8M) do not cover its short term liabilities (SGD122.0M).

Long Term Liabilities: B69's short term assets (SGD95.8M) exceed its long term liabilities (SGD9.8M).


Debt to Equity History and Analysis

Debt Level: B69's debt to equity ratio (46.1%) is considered high.

Reducing Debt: B69's debt to equity ratio has reduced from 58.4% to 46.1% over the past 5 years.


Balance Sheet


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: Whilst unprofitable B69 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: B69 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -33.1% per year.


Next Steps

Dividend

What is Broadway Industrial Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate B69's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate B69'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 B69's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if B69's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: B69 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of B69'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?

6.3yrs

Average board tenure


CEO

Choon Hoong Tan

0.67

Tenure

Mr. Choon Hoong Tan serves as Chief Executive Officer at Broadway Industrial Group Limited since August 05, 2019. He served as Chief Executive Officer & Executive Director at Shenzhen Zesum Polytron Techno ...


Board Members

NamePositionTenureCompensationOwnership
Syn Pau Lew
Non-Executive Chairman6.25yrsno data9.52% SGD3.8m
Ah Ng
Non-Executive Non-Independent Director13yrsno data0.30% SGD118.6k
Chow Soon Lee
Lead Independent Directorno datano data0.097% SGD38.5k
Yee Ming Eu
Independent Director14.58yrsno data0.031% SGD12.5k
Basil Chan
Independent Director0.33yrno datano data
Yi Wong
Non-Executive Non-Independent Director5.08yrsno data34.21% SGD13.6m

6.3yrs

Average Tenure

68yo

Average Age

Experienced Board: B69's board of directors are considered experienced (6.3 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

Broadway Industrial Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Broadway Industrial Group Limited
  • Ticker: B69
  • Exchange: SGX
  • Founded: 1969
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: S$39.792m
  • Shares outstanding: 468.15m
  • Website: https://www.bw-grp.com

Number of Employees


Location

  • Broadway Industrial Group Limited
  • No. 13-26 Symbiosis Tower
  • 3 Fusionopolis Way
  • Singapore
  • 138633
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
B69SGX (Singapore Exchange)YesOrdinary SharesSGSGDDec 1994

Biography

Broadway Industrial Group Limited, an investment holding company, designs, develops, and manufactures precision-machined components and assemblies for the data storage, semiconductor, solar, automotive, and other industries. It manufactures various actuator arms, assemblies, and other related parts primarily for the hard disk drive industry. The company also distributes precision machined components; and provides business and management consultancy services. It operates in Thailand, the People's Republic of China, the United States, Singapore, and internationally. Broadway Industrial Group Limited was founded in 1969 and is headquartered in Singapore. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/09 12:40
End of Day Share Price2020/04/09 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.