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 Analysis

Fair value with mediocre balance sheet.

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

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


Market Performance


7 Day Return

50.9%

BDR

0.9%

SG Electronic

5.3%

SG Market


1 Year Return

-23.2%

BDR

-29.9%

SG Electronic

-25.9%

SG Market

Return vs Industry: BDR exceeded the SG Electronic industry which returned -29.9% over the past year.

Return vs Market: BDR exceeded the SG Market which returned -25.9% over the past year.


Shareholder returns

BDRIndustryMarket
7 Day50.9%0.9%5.3%
30 Day13.2%-17.7%-18.7%
90 Day-12.2%-23.5%-24.5%
1 Year-18.7%-23.2%-26.2%-29.9%-22.7%-25.9%
3 Year1.9%-15.5%2.0%-11.3%-18.4%-27.1%
5 Year-20.9%-38.6%47.4%14.9%-17.0%-31.2%

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 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: BDR (SGD0.43) is trading below our estimate of fair value (SGD38.66)

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


Price To Earnings Ratio

PE vs Industry: BDR is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: BDR is unprofitable, so we can't compare its PE Ratio to the SG market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BDR is good value based on its PB Ratio (0.3x) compared to the SG Electronic industry average (0.6x).


Next Steps

Future Growth

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

21.6%

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

-2.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BDR is currently unprofitable.

Growing Profit Margin: BDR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BDR is unprofitable, and losses have increased over the past 5 years at a rate of -2.9% per year.

Accelerating Growth: Unable to compare BDR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BDR is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-12%).


Return on Equity

High ROE: BDR has a negative Return on Equity (-13.63%), as it is currently unprofitable.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: BDR's short term assets (HK$1.5B) exceed its short term liabilities (HK$1.2B).

Long Term Liabilities: BDR's short term assets (HK$1.5B) exceed its long term liabilities (HK$36.0M).


Debt to Equity History and Analysis

Debt Level: BDR's debt to equity ratio (133.1%) is considered high.

Reducing Debt: BDR's debt to equity ratio has increased from 105.9% to 133.1% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: BDR's debt is covered by short term assets (assets are 1.9x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BDR has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: BDR has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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

8.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BDR's dividend (8.53%) is higher than the bottom 25% of dividend payers in the SG market (3.23%).

High Dividend: BDR's dividend (8.53%) is in the top 25% of dividend payers in the SG market (7%)


Stability and Growth of Payments

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

Growing Dividend: BDR's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: BDR is paying a dividend but the company is unprofitable.


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

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

5.9yrs

Average management tenure


CEO

Alvin Hon (56yo)

5.75s

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

Compensation vs Market: Alvin's total compensation ($USD254.79K) is about average for companies of similar size in the SG market ($USD332.08K).

Compensation vs Earnings: Alvin's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Chun Wah Leung
Chairman of the Board 19.25yrsHK$3.81m25.76% HK$6.3m
Kar Chun Hon
MD & Executive Director5.75yrsHK$1.98m0.38% HK$91.8k
Chan Cheung Kwok
Deputy Chairman19.25yrsHK$2.93m10.24% HK$2.5m
Hon Shing Leung
CFO, Company Secretary & Executive Director5.75yrsHK$1.75m0.32% HK$78.3k
Sik Kong Chan
Deputy Managing Director of Sales & Marketing6yrsno datano data
Chi Hang Leung
Deputy Managing Director of Human Resourcesno datano datano data
Ki Pun Chu
Deputy Managing Director of Marketing5yrsno datano data
Sze Lai
Deputy Managing Director of Marketingno datano datano data

5.9yrs

Average Tenure

55.5yo

Average Age

Experienced Management: BDR's management team is seasoned and experienced (5.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chun Wah Leung
Chairman of the Board 19.25yrsHK$3.81m25.76% HK$6.3m
Kar Chun Hon
MD & Executive Director5.75yrsHK$1.98m0.38% HK$91.8k
Chan Cheung Kwok
Deputy Chairman19.25yrsHK$2.93m10.24% HK$2.5m
Hon Shing Leung
CFO, Company Secretary & Executive Director5.75yrsHK$1.75m0.32% HK$78.3k
Jovenal Santiago
Independent Non-Executive Director18.83yrsHK$344.00kno data
Kwan Seng Wong
Lead Independent Director4.92yrsHK$344.00kno data
Po Chan Iu
Independent Non-Executive Director6.83yrsHK$345.00kno data

6.8yrs

Average Tenure

70yo

Average Age

Experienced Board: BDR's board of directors are considered experienced (6.8 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

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$24.284m
  • 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 manufacturing, and automotive segments. The company distributes automotive electronics, smart lighting and motor control products, smart home products, industrial electronics, security applications, wireless modules, fluorine chemical, etc. It is also involved in the provision of engineering solutions; and technical solutions, including wireless module, automotive, motor control, smart meter, white goods, power/LED lighting, and audio solutions. In addition, the company engages in the property holding activities; and provision of transportation, and management and consultancy services. It operates in Mainland China, Hong Kong, and Taiwan. Willas-Array Electronics (Holdings) Limited was founded in 1981 and is headquartered in Kwai Chung, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 12:39
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
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.