SGX:BCY

Stock Analysis Report

Powermatic Data Systems

Executive Summary

Powermatic Data Systems Limited, an investment holding company, manufactures, sells, markets, and distributes wireless connectivity products and related services in Singapore and other Asian countries, the United States, Europe, and internationally.

Rewards

Trading at 53.1% below its fair value

Earnings grew by 107.8% over the past year

Pays a reliable dividend of 3.01%

Risk Analysis

Highly volatile share price over past 3 months

Does not have a meaningful market cap (SGD93M)



Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.

Share Price & News

How has Powermatic Data Systems's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.3%

BCY

-3.3%

SG Communications

-2.5%

SG Market


1 Year Return

65.6%

BCY

24.0%

SG Communications

-1.1%

SG Market

Return vs Industry: BCY exceeded the SG Communications industry which returned 30.4% over the past year.

Return vs Market: BCY exceeded the SG Market which returned 2.1% over the past year.


Shareholder returns

BCYIndustryMarket
7 Day-2.3%-3.3%-2.5%
30 Day-0.8%-8.3%-1.8%
90 Day30.7%5.4%-0.6%
1 Year73.1%65.6%29.1%24.0%2.9%-1.1%
3 Year166.9%133.2%0.8%-8.4%11.5%-0.3%
5 Year251.3%176.6%-37.3%-55.4%8.9%-9.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Powermatic Data Systems 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: BCY (SGD2.66) is trading below our estimate of fair value (SGD5.67)

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


Price To Earnings Ratio

PE vs Industry: BCY is good value based on its PE Ratio (9.2x) compared to the Communications industry average (33.6x).

PE vs Market: BCY is good value based on its PE Ratio (9.2x) compared to the SG market (13.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BCY is overvalued based on its PB Ratio (1.5x) compared to the SG Communications industry average (1x).


Next Steps

Future Growth

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

26.2%

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 Powermatic Data Systems 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 Powermatic Data Systems performed over the past 5 years?

27.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BCY has high quality earnings.

Growing Profit Margin: BCY's current net profit margins (38%) are higher than last year (28.6%).


Past Earnings Growth Analysis

Earnings Trend: BCY's earnings have grown significantly by 27.1% per year over the past 5 years.

Accelerating Growth: BCY's earnings growth over the past year (107.8%) exceeds its 5-year average (27.1% per year).

Earnings vs Industry: BCY earnings growth over the past year (107.8%) exceeded the Communications industry -0.6%.


Return on Equity

High ROE: BCY's Return on Equity (16.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Powermatic Data Systems's financial position?


Financial Position Analysis

Short Term Liabilities: BCY's short term assets (SGD39.4M) exceed its short term liabilities (SGD5.9M).

Long Term Liabilities: BCY's short term assets (SGD39.4M) exceed its long term liabilities (SGD205.0K).


Debt to Equity History and Analysis

Debt Level: BCY is debt free.

Reducing Debt: BCY has not had any debt for past 5 years.

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

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


Balance Sheet

Inventory Level: BCY has a high level of physical assets or inventory.

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


Next Steps

Dividend

What is Powermatic Data Systems's current dividend yield, its reliability and sustainability?

3.08%

Current Dividend Yield


Dividend Yield vs Market

company3.1%marketbottom25%2.5%markettop25%5.5%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: BCY's dividend (3.01%) is higher than the bottom 25% of dividend payers in the SG market (2.5%).

High Dividend: BCY's dividend (3.01%) is low compared to the top 25% of dividend payers in the SG market (5.41%).


Stability and Growth of Payments

Stable Dividend: BCY's dividends per share have been stable in the past 10 years.

Growing Dividend: BCY's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.4%), BCY's dividend payments are 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

What is the CEO of Powermatic Data Systems's salary, the management and board of directors tenure and is there insider trading?

8.3yrs

Average management tenure


CEO

Mun Chen (71yo)

0yrs

Tenure

0

Dr. Mun Chen is the Co-Founder of Powermatic Data Systems Limited and serves as its Chairman, Chief Executive Officer and President. Dr. Chen is responsible for spearheading Research and Development progra ...


Management Age and Tenure

8.3yrs

Average Tenure

55yo

Average Age

Experienced Management: BCY's management team is seasoned and experienced (8.3 years average tenure).


Board Age and Tenure

19.4yrs

Average Tenure

67yo

Average Age

Experienced Board: BCY's board of directors are seasoned and experienced ( 19.4 years average tenure).


Insider Trading

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.


Management Team

  • Mun Chen (71yo)

    Co-Founder

    • Derek Wee

      Director of Sales & Marketing

      • Thiam Teng Yaw

        Executive Officer

        • Yoen Har Wong

          Secretary

          • Tenure: 3.5yrs
        • Yvonne Ang (49yo)

          Operations Manager

          • Molly Chua

            Finance Manager

            • Tenure: 8.8yrs
          • Katherine Ang (55yo)

            Executive Director

            • Tenure: 8.5yrs
          • Tian Yee Wu

            Director of Product Development

            • Tenure: 8.3yrs
          • Chang Qiang

            Executive Officer

            • Chong Steven

              Executive Officer


              Board Members

              • Tom Yee (84yo)

                Non-Executive & Independent Director

                • Tenure: 27.6yrs
              • David Tan (58yo)

                Non-Executive & Independent Director

                • Tenure: 11.8yrs
              • Kin Mun Lye (67yo)

                Non-Executive & Independent Director

                • Tenure: 26.9yrs
              • Mun Chen (71yo)

                Co-Founder

                • Katherine Ang (55yo)

                  Executive Director

                  • Tenure: 8.5yrs

                Company Information

                Powermatic Data Systems Limited's company bio, employee growth, exchange listings and data sources


                Key Information

                • Name: Powermatic Data Systems Limited
                • Ticker: BCY
                • Exchange: SGX
                • Founded: 1989
                • Industry: Communications Equipment
                • Sector: Tech
                • Market Cap: S$97.170m
                • Shares outstanding: 34.95m
                • Website: https://www.powermatic.com.sg

                Number of Employees


                Location

                • Powermatic Data Systems Limited
                • 9 Harrison Road, No. 05-01
                • Singapore
                • 369651
                • Singapore

                Listings

                TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
                BCYSGX (Singapore Exchange)YesOrdinary SharesSGSGDFeb 1993

                Biography

                Powermatic Data Systems Limited, an investment holding company, manufactures, sells, markets, and distributes wireless connectivity products and related services in Singapore and other Asian countries, the United States, Europe, and internationally. The company operates through, Wireless Connectivity Products and Property segments. It provides wireless radio modules, embedded boards, indoor and outdoor access points, and wireless antennas used in industrial PC, IOT, healthcare, hospitality, security surveillance and other industries, as well as offers OEM and ODM solutions, and other sales related services. The company is also involved in the lease and maintenance of Harrison Industrial Building, a freehold investment property in Singapore; and trading of computers related peripherals. It serves electronic and wireless device component distributors, system integrators, wireless products design houses, and other corporations. Powermatic Data Systems Limited was founded in 1989 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 Analysis2020/01/28 12:36
                End of Day Share Price2020/01/28 00:00
                Earnings2019/09/30
                Annual Earnings2019/03/31


                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.