SGX:B69

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Broadway Industrial Group

Market Cap

S$65.1m

Last Updated

2021/08/04 15:41 UTC

Data Sources

Company Financials

Executive Summary

Broadway Industrial Group Limited, an investment holding company, manufactures and sells precision-machined components and assemblies for electronics, automotive, oil and gas, and other industries. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.

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 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: B69's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

3.0%

B69

2.3%

SG Tech

0.2%

SG Market


1 Year Return

15.8%

B69

33.7%

SG Tech

21.0%

SG Market

Return vs Industry: B69 underperformed the SG Tech industry which returned 33.7% over the past year.

Return vs Market: B69 underperformed the SG Market which returned 21% over the past year.


Shareholder returns

B69IndustryMarket
7 Day3.0%2.3%0.2%
30 Day13.9%-0.2%-0.2%
90 Day0%-0.8%-0.4%
1 Year15.8%15.8%38.0%33.7%25.6%21.0%
3 Year47.9%47.9%61.7%47.7%3.8%-8.7%
5 Year110.4%25.2%115.6%84.9%24.8%2.0%

Long-Term 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 (SGD0.14) is trading below our estimate of fair value (SGD6.88)

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


Price To Earnings Ratio

PE vs Industry: B69 is good value based on its PE Ratio (4.6x) compared to the Asian Tech industry average (21.2x).

PE vs Market: B69 is good value based on its PE Ratio (4.6x) compared to the SG market (15x).


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 (0.9x) compared to the XA Tech industry average (1.9x).


Future Growth

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

10.1%

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.


Past Performance

How has Broadway Industrial Group performed over the past 5 years?

71.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: B69 has high quality earnings.

Growing Profit Margin: B69 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: B69 has become profitable over the past 5 years, growing earnings by 71.6% per year.

Accelerating Growth: B69 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: B69 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Tech industry (25.4%).


Return on Equity

High ROE: B69's Return on Equity (17.8%) is considered low.


Financial Health

How is Broadway Industrial Group's financial position?


Financial Position Analysis

Short Term Liabilities: B69's short term assets (SGD180.6M) exceed its short term liabilities (SGD125.5M).

Long Term Liabilities: B69's short term assets (SGD180.6M) exceed its long term liabilities (SGD117.0K).


Debt to Equity History and Analysis

Debt Level: B69 is debt free.

Reducing Debt: B69 has no debt compared to 5 years ago when its debt to equity ratio was 74.5%.

Debt Coverage: B69 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: B69 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Broadway Industrial Group 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 recent payouts.

High Dividend: Unable to evaluate B69's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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?

1.0yrs

Average management tenure


CEO

Choon Hoong Tan (58 yo)

2yrs

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...


Leadership Team

Experienced Management: B69's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: B69's board of directors are considered experienced (6.4 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$65.091m
  • Shares outstanding: 468.28m
  • 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


Biography

Broadway Industrial Group Limited, an investment holding company, manufactures and sells precision-machined components and assemblies for electronics, automotive, oil and gas, and other industries. The com...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/04 15:41
End of Day Share Price2021/08/04 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.