SGX:BDF

Stock Analysis Report

Excelpoint Technology

Executive Summary

Excelpoint Technology Ltd., an investment holding company, provides electronic components, and engineering design, and supply chain management services.

Rewards

Trading at 98.9% below its fair value

Risk Analysis

Interest payments are not well covered by earnings

Unstable dividend track record

Large one-off items impacting financial results

Profit margins (0.3%) are lower than last year (0.7%)

+ 1 more risk


Snowflake Analysis

Good value with adequate balance sheet.

Share Price & News

How has Excelpoint Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BDF has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.3%

BDF

1.1%

SG Electronic

0.1%

SG Market


1 Year Return

-29.4%

BDF

16.4%

SG Electronic

3.7%

SG Market

Return vs Industry: BDF underperformed the SG Electronic industry which returned 16.4% over the past year.

Return vs Market: BDF underperformed the SG Market which returned 3.7% over the past year.


Shareholder returns

BDFIndustryMarket
7 Day-5.3%1.1%0.1%
30 Day-3.3%3.3%-0.3%
90 Day-11.0%6.9%0.6%
1 Year-24.6%-29.4%22.7%16.4%7.9%3.7%
3 Year31.7%8.5%70.5%47.7%17.5%4.9%
5 Year18.6%-16.8%77.5%43.1%14.2%-4.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Excelpoint Technology 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: BDF (SGD0.45) is trading below our estimate of fair value (SGD41.98)

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


Price To Earnings Ratio

PE vs Industry: BDF is poor value based on its PE Ratio (12.3x) compared to the Electronic industry average (12.1x).

PE vs Market: BDF is good value based on its PE Ratio (12.3x) compared to the SG market (13.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BDF is good value based on its PB Ratio (0.5x) compared to the SG Electronic industry average (0.9x).


Next Steps

Future Growth

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

20.7%

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 Excelpoint Technology 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 Excelpoint Technology performed over the past 5 years?

3.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BDF has a large one-off loss of $1.7M impacting its September 30 2019 financial results.

Growing Profit Margin: BDF's current net profit margins (0.3%) are lower than last year (0.7%).


Past Earnings Growth Analysis

Earnings Trend: BDF's earnings have grown by 3.2% per year over the past 5 years.

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

Earnings vs Industry: BDF had negative earnings growth (-64.6%) over the past year, making it difficult to compare to the Electronic industry average (-1.2%).


Return on Equity

High ROE: BDF's Return on Equity (4.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Excelpoint Technology's financial position?


Financial Position Analysis

Short Term Liabilities: BDF's short term assets ($345.0M) exceed its short term liabilities ($278.4M).

Long Term Liabilities: BDF's short term assets ($345.0M) exceed its long term liabilities ($1.8M).


Debt to Equity History and Analysis

Debt Level: BDF's debt to equity ratio (141.8%) is considered high.

Reducing Debt: BDF's debt to equity ratio has reduced from 164.8% to 141.8% over the past 5 years.

Debt Coverage: BDF's debt is well covered by operating cash flow (69.9%).

Interest Coverage: BDF's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet

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

Debt Coverage by Assets: BDF's debt is covered by short term assets (assets are 3.2x debt).


Next Steps

Dividend

What is Excelpoint Technology's current dividend yield, its reliability and sustainability?

8.76%

Current Dividend Yield


Dividend Yield vs Market

company8.8%marketbottom25%2.6%markettop25%5.5%industryaverage4.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: BDF's dividend (8.76%) is higher than the bottom 25% of dividend payers in the SG market (2.56%).

High Dividend: BDF's dividend (8.76%) is in the top 25% of dividend payers in the SG market (5.51%)


Stability and Growth of Payments

Stable Dividend: BDF has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BDF's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (82.3%), BDF's 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

Management

What is the CEO of Excelpoint Technology's salary, the management and board of directors tenure and is there insider trading?

4.9yrs

Average management tenure


CEO

Albert Phuay (62yo)

0yrs

Tenure

0

Mr. Yong Hen Phuay, also known as Albert, founded Excelpoint Technology Ltd. and serves as its Chairman and Group Chief Executive Officer. Mr. Phuay is responsible for overseeing the general management of  ...


Management Age and Tenure

4.9yrs

Average Tenure

57yo

Average Age

Experienced Management: BDF's management team is considered experienced (4.9 years average tenure).


Board Age and Tenure

5.8yrs

Average Tenure

62yo

Average Age

Experienced Board: BDF's board of directors are considered experienced (5.8 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

  • Ivan Lee

    Group Chief Financial Officer

    • Tenure: 0yrs
  • Sebastian Tan (67yo)

    Company Secretary

    • Tenure: 0yrs
  • Herbert Kwok (53yo)

    Executive Director

    • Tenure: 3.3yrs
  • Alan Kwan (57yo)

    Executive Director

    • Tenure: 18.6yrs
  • Albert Phuay (62yo)

    Founder

    • Tenure: 0yrs
  • Yong Phuay (57yo)

    Group Senior Vice President of Human Resources & Administration

    • Tenure: 3.9yrs
  • Yi Samuel Ge (62yo)

    Senior Vice President of Field Applications of Excelpoint Systems (H.K.) Limited

    • Tenure: 0yrs
  • Tonny Phuay (49yo)

    Executive Director & Group VP of Sales

    • Tenure: 3.3yrs
  • Stanley Chan

    Senior VP of Operations of Excelpoint Systems (Pte) Ltd & Assistant to CEO

    • Tenure: 3.8yrs
  • Li Phuay (29yo)

    Deputy Director of Corporate Development

    • Tenure: 5.9yrs

Board Members

  • Teck Seng Low (64yo)

    Independent Non-Executive Director

    • Tenure: 13.7yrs
  • Thiam Hock Kwah (73yo)

    Lead Independent Director

    • Tenure: 5.8yrs
  • Herbert Kwok (53yo)

    Executive Director

    • Tenure: 3.3yrs
  • Alan Kwan (57yo)

    Executive Director

    • Tenure: 18.6yrs
  • Albert Phuay (62yo)

    Founder

    • Tenure: 0yrs
  • Tonny Phuay (49yo)

    Executive Director & Group VP of Sales

    • Tenure: 3.3yrs
  • Sunny Wong (63yo)

    Independent Non-Executive Director

    • Tenure: 16.1yrs
  • Joanne Khoo

    Independent Non-Executive Director

    • Tenure: 3.3yrs

Company Information

Excelpoint Technology Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Excelpoint Technology Ltd.
  • Ticker: BDF
  • Exchange: SGX
  • Founded: 1987
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: S$53.292m
  • Shares outstanding: 119.76m
  • Website: https://www.excelpoint.com

Number of Employees


Location

  • Excelpoint Technology Ltd.
  • No. 06-00, 15 Changi Business Park Central 1
  • Singapore
  • 486057
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BDFSGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 2004

Biography

Excelpoint Technology Ltd., an investment holding company, provides electronic components, and engineering design, and supply chain management services. The company is involved in the trading of electronic ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/15 12:34
End of Day Share Price2019/12/13 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.