SGX:BDR

Stock Analysis Report

Willas-Array Electronics (Holdings)

Executive Summary

Willas-Array Electronics (Holdings) Limited, an investment holding company, distributes electronic components for industrial, audio and video, telecommunication, home appliances, lighting, electronic manufacturing, and automotive segments.

Snowflake

Fundamentals

Fair value with moderate growth potential.

Risks

  • Willas-Array Electronics (Holdings) is not covered by any analysts.

Share Price & News

How has Willas-Array Electronics (Holdings)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-4.4%

SGX:BDR

0.3%

SG Electronic

0.07%

SG Market


1 Year Return

-32.5%

SGX:BDR

-10.8%

SG Electronic

-3.5%

SG Market

BDR underperformed the Electronic industry which returned -10.8% over the past year.

BDR underperformed the Market in Singapore which returned -3.5% over the past year.


Share holder returns

BDRIndustryMarket
7 Day-4.4%0.3%0.07%
30 Day-16.9%-6.1%-6.7%
90 Day1.9%0.4%-1.5%
1 Year-28.5%-32.5%-5.9%-10.8%0.5%-3.5%
3 Year19.5%-1.0%74.1%50.2%15.2%2.9%
5 Year-2.0%-23.8%63.4%30.0%7.4%-10.3%

Price Volatility Vs. Market

How volatile is Willas-Array Electronics (Holdings)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Willas-Array Electronics (Holdings) undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Willas-Array Electronics (Holdings)'s share price is below the future cash flow value, and at a moderate discount (> 20%).

Willas-Array Electronics (Holdings)'s share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Willas-Array Electronics (Holdings) is loss making, we can't compare its value to the SG Electronic industry average.

Willas-Array Electronics (Holdings) is loss making, we can't compare the value of its earnings to the Singapore market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Willas-Array Electronics (Holdings), we can't assess if its growth is good value.


Price Based on Value of Assets

Willas-Array Electronics (Holdings) is good value based on assets compared to the SG Electronic industry average.


Next Steps

Future Growth

How is Willas-Array Electronics (Holdings) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

34.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Willas-Array Electronics (Holdings) is high growth as no revenue estimate data is available.

Willas-Array Electronics (Holdings)'s earnings are expected to grow significantly at over 20% yearly.

Unable to compare Willas-Array Electronics (Holdings)'s revenue growth to the Singapore market average as no estimate data is available.

Willas-Array Electronics (Holdings)'s earnings growth is expected to exceed the Singapore market average.

Willas-Array Electronics (Holdings)'s earnings growth is expected to exceed the low risk savings rate of 2.3%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Willas-Array Electronics (Holdings) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Willas-Array Electronics (Holdings) performed over the past 5 years?

17.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Willas-Array Electronics (Holdings) does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Willas-Array Electronics (Holdings)'s 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Willas-Array Electronics (Holdings)'s 1-year growth to the SG Electronic industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Willas-Array Electronics (Holdings) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Willas-Array Electronics (Holdings) has efficiently used its assets last year compared to the SG Electronic industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Willas-Array Electronics (Holdings) improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Willas-Array Electronics (Holdings)'s financial position?


Financial Position Analysis

Willas-Array Electronics (Holdings) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Willas-Array Electronics (Holdings)'s cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Willas-Array Electronics (Holdings)'s level of debt (155.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (145.1% vs 155.7% today).

Debt is not well covered by operating cash flow (18.9%, less than 20% of total debt).

Willas-Array Electronics (Holdings) is making a loss, therefore interest payments are not well covered by earnings.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.8x debt.


Next Steps

Dividend

What is Willas-Array Electronics (Holdings)'s current dividend yield, its reliability and sustainability?

6.54%

Current Dividend Yield


Dividend Yield and Payments Analysis

Willas-Array Electronics (Holdings)'s pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.74%).

Willas-Array Electronics (Holdings)'s dividend is above the markets top 25% of dividend payers in Singapore (5.69%).

Willas-Array Electronics (Holdings) has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Willas-Array Electronics (Holdings) has only been paying a dividend for 9 years, and since then dividends per share have fallen.


Current Payout to Shareholders

The company is paying a dividend however it is incurring a loss.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Willas-Array Electronics (Holdings)'s salary, the management and board of directors tenure and is there insider trading?

5.2yrs

Average management tenure


CEO

Alvin Hon (56yo)

5.1yrs

Tenure

HK$1,975,000

Compensation

Mr. Hon Kar Chun, also known as Alvin, has been Managing Director of Willas-Array Electronics (Holdings) Limited since July 31, 2014. Mr. Hon served as Deputy Managing Director of Sales & Marketing of Will ...


CEO Compensation Analysis

Alvin's remuneration is about average for companies of similar size in Singapore.

Alvin's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.2yrs

Average Tenure

55.5yo

Average Age

The average tenure for the Willas-Array Electronics (Holdings) management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

6.2yrs

Average Tenure

70yo

Average Age

The tenure for the Willas-Array Electronics (Holdings) board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Lawrence Leung (70yo)

    Chairman of the Board

    • Tenure: 18.6yrs
    • Compensation: HK$3.81m
  • Joseph Chu (59yo)

    Deputy Managing Director of Marketing

    • Tenure: 4.3yrs
  • Chan Cheung Kwok (71yo)

    Deputy Chairman

    • Tenure: 18.6yrs
    • Compensation: HK$2.93m
  • Alvin Hon (56yo)

    MD & Executive Director

    • Tenure: 5.1yrs
    • Compensation: HK$1.98m
  • Raymond Leung (54yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 5.1yrs
    • Compensation: HK$1.75m
  • Ringo Chan (52yo)

    Deputy Managing Director of Sales & Marketing

    • Tenure: 5.3yrs
  • Daniel Leung (43yo)

    Deputy Managing Director of Human Resources

    • Tenure: 0.0yrs
  • Pele Lai (55yo)

    Deputy Managing Director of Marketing

    • Tenure: 0.0yrs

Board Members

  • Jovenal Santiago (81yo)

    Independent Non-Executive Director

    • Tenure: 18.2yrs
    • Compensation: HK$344.00k
  • Robert Wong (62yo)

    Lead Independent Director

    • Tenure: 4.3yrs
    • Compensation: HK$344.00k
  • Lawrence Leung (70yo)

    Chairman of the Board

    • Tenure: 18.6yrs
    • Compensation: HK$3.81m
  • Chan Cheung Kwok (71yo)

    Deputy Chairman

    • Tenure: 18.6yrs
    • Compensation: HK$2.93m
  • Alvin Hon (56yo)

    MD & Executive Director

    • Tenure: 5.1yrs
    • Compensation: HK$1.98m
  • Raymond Leung (54yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 5.1yrs
    • Compensation: HK$1.75m
  • Eugene Iu (70yo)

    Independent Non-Executive Director

    • Tenure: 6.2yrs
    • Compensation: HK$345.00k

Company Information

Willas-Array Electronics (Holdings) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Willas-Array Electronics (Holdings) Limited
  • Ticker: BDR
  • Exchange: SGX
  • Founded: 1981
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: S$46.012m
  • Shares outstanding: 85.21m
  • Website: https://www.willas-array.com

Number of Employees


Location

  • Willas-Array Electronics (Holdings) Limited
  • Wyler Centre
  • 24th Floor
  • Kwai Chung
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BDRSGX (Singapore Exchange)YesOrdinary SharesSGSGDJul 2001
854SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2001

Biography

Willas-Array Electronics (Holdings) Limited, an investment holding company, distributes electronic components for industrial, audio and video, telecommunication, home appliances, lighting, electronic manuf ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 12:39
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
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.