Stock Analysis Report

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Executive Summary

PNE Industries Ltd, an investment holding company, manufactures, assembles, and trades in electrical and electronic products primarily in Europe, Malaysia, Singapore, and the People’s Republic of China. More Details

Snowflake Analysis

Flawless balance sheet, good value and pays a dividend.

Share Price & News

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

Latest Share Price and Events

Stable Share Price: BDA is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BDA's weekly volatility (4%) has been stable over the past year.

Market Performance

7 Day Return




SG Electronic


SG Market

1 Year Return




SG Electronic


SG Market

Return vs Industry: BDA underperformed the SG Electronic industry which returned 19.9% over the past year.

Return vs Market: BDA exceeded the SG Market which returned -3.4% over the past year.

Shareholder returns

7 Day0%-0.5%1.2%
30 Day-1.1%-3.5%1.5%
90 Day-2.6%3.4%6.1%
1 Year20.9%10.8%25.4%20.5%3.6%-1.6%
3 Year17.1%-9.8%-19.9%-29.9%-7.2%-18.6%
5 Year148.0%54.6%131.4%83.0%17.2%-4.3%

Long-Term Price Volatility Vs. Market

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

Simply Wall St News


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


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: BDA (SGD0.92) is trading below our estimate of fair value (SGD2.55)

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

Price To Earnings Ratio

PE vs Industry: BDA is good value based on its PE Ratio (12.5x) compared to the SG Electronic industry average (14.7x).

PE vs Market: BDA is good value based on its PE Ratio (12.5x) compared to the SG market (14.2x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: BDA's PB Ratio (0.9x) is in line with the SG Electronic industry average.

Next Steps

Future Growth

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


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 PNE Industries 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 PNE Industries performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BDA has high quality earnings.

Growing Profit Margin: BDA's current net profit margins (7.2%) are lower than last year (8%).

Past Earnings Growth Analysis

Earnings Trend: BDA's earnings have declined by 9.7% per year over the past 5 years.

Accelerating Growth: BDA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BDA had negative earnings growth (-23.9%) over the past year, making it difficult to compare to the Electronic industry average (-17%).

Return on Equity

High ROE: BDA's Return on Equity (7.6%) is considered low.

Next Steps

Financial Health

How is PNE Industries's financial position?

Financial Position Analysis

Short Term Liabilities: BDA's short term assets (SGD94.8M) exceed its short term liabilities (SGD21.9M).

Long Term Liabilities: BDA's short term assets (SGD94.8M) exceed its long term liabilities (SGD44.0K).

Debt to Equity History and Analysis

Debt Level: BDA is debt free.

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

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

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

Balance Sheet

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BDA's dividend (8.7%) is higher than the bottom 25% of dividend payers in the SG market (1.97%).

High Dividend: BDA's dividend (8.7%) is in the top 25% of dividend payers in the SG market (4.77%)

Stability and Growth of Payments

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

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

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (67.7%), BDA's dividend payments are 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


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


Average board tenure


Adrian Tan (63 yo)

no data


Mr. Koon Chwee Tan, also known as Adrian, serves as the Chief Executive Officer and Executive Managing Director of PNE Industries Ltd. Mr. Tan is responsible for formulating and implementing PNE Industries...

Board Members

Koon Chwee Tan
CEO, Executive MD & Executive Directorno datano data11.12%
SGD 8.6m
Kong Leong Tan
Assistant to MD & Executive Director20.83yrsno data10.27%
SGD 7.9m
Kwong Soon Tan
Non-Executive Director20.83yrsno data5.61%
SGD 4.3m
Kong Heng Tan
Non-Executive Chairmanno datano data10.52%
SGD 8.1m
Lee Khiang Tan
Independent Director20.83yrsno data0.030%
SGD 23.0k
Chew Chin
Director of PNE Systems Sdn Bhdno datano datano data
Chee Weng Tung
Independent Director20.83yrsno datano data
Meng Wee Lim
Independent Lead Director1.42yrsno datano data


Average Tenure


Average Age

Experienced Board: BDA's board of directors are seasoned and experienced ( 20.8 years average tenure).


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

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

Key Information

  • Name: PNE Industries Ltd
  • Ticker: BDA
  • Exchange: SGX
  • Founded: 1983
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: S$77.203m
  • Shares outstanding: 83.92m
  • Website:


  • PNE Industries Ltd
  • 996 Bendemeer Road
  • Suite 07-06
  • Singapore
  • 339944
  • Singapore


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BDASGX (Singapore Exchange)YesOrdinary SharesSGSGDMay 2000


PNE Industries Ltd, an investment holding company, manufactures, assembles, and trades in electrical and electronic products primarily in Europe, Malaysia, Singapore, and the People’s Republic of China. It...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/06 11:10
End of Day Share Price2021/03/05 00:00
Annual Earnings2020/09/30

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.