Executive Summary
Valuetronics Holdings Limited, an investment holding company, provides integrated electronics manufacturing services (EMS) in the United States, the People's Republic of China, Poland, Indonesia, Hong Kong, France, Germany, South Korea, the Netherlands, and internationally. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 8.4% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Valuetronics Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BN2 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: BN2's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
1.7%
BN2
-2.2%
SG Electronic
-2.7%
SG Market
1 Year Return
-8.2%
BN2
28.4%
SG Electronic
18.4%
SG Market
Return vs Industry: BN2 underperformed the SG Electronic industry which returned 26.2% over the past year.
Return vs Market: BN2 underperformed the SG Market which returned 18.3% over the past year.
Shareholder returns
| BN2 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.7% | -2.2% | -2.7% |
| 30 Day | -2.4% | -6.9% | -4.2% |
| 90 Day | -5.4% | -6.5% | 3.0% |
| 1 Year | -2.7%-8.2% | 36.0%28.4% | 24.2%18.4% |
| 3 Year | -7.3%-23.1% | -3.1%-15.1% | -5.5%-17.1% |
| 5 Year | 89.1%38.1% | 135.8%87.8% | 21.9%-0.7% |
Long-Term Price Volatility Vs. Market
How volatile is Valuetronics Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Does Valuetronics Holdings Limited (SGX:BN2) Have A Place In Your Dividend Portfolio?3 months ago | Simply Wall St
Should You Think About Buying Valuetronics Holdings Limited (SGX:BN2) Now?3 months ago | Simply Wall St
Is Valuetronics Holdings (SGX:BN2) Likely To Turn Things Around?Valuation
Is Valuetronics Holdings undervalued compared to its fair value and its price relative to the market?
9.35x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BN2 (SGD0.6) is trading above our estimate of fair value (SGD0.35)
Significantly Below Fair Value: BN2 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BN2 is good value based on its PE Ratio (9.1x) compared to the SG Electronic industry average (13.5x).
PE vs Market: BN2 is good value based on its PE Ratio (9.1x) compared to the SG market (15.4x).
Price to Earnings Growth Ratio
PEG Ratio: BN2's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BN2 is overvalued based on its PB Ratio (1.2x) compared to the SG Electronic industry average (0.9x).
Future Growth
How is Valuetronics Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-8.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BN2's earnings are forecast to decline over the next 3 years (-8.4% per year).
Earnings vs Market: BN2's earnings are forecast to decline over the next 3 years (-8.4% per year).
High Growth Earnings: BN2's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BN2's revenue is expected to decline over the next 3 years (-4.5% per year).
High Growth Revenue: BN2's revenue is forecast to decline over the next 3 years (-4.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BN2's Return on Equity is forecast to be low in 3 years time (9.5%).
Past Performance
How has Valuetronics Holdings performed over the past 5 years?
8.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BN2 has high quality earnings.
Growing Profit Margin: BN2's current net profit margins (8%) are higher than last year (7.5%).
Past Earnings Growth Analysis
Earnings Trend: BN2's earnings have grown by 8.1% per year over the past 5 years.
Accelerating Growth: BN2's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BN2 had negative earnings growth (-20.5%) over the past year, making it difficult to compare to the Electronic industry average (-9.1%).
Return on Equity
High ROE: BN2's Return on Equity (13.1%) is considered low.
Financial Health
How is Valuetronics Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: BN2's short term assets (HK$1.9B) exceed its short term liabilities (HK$944.3M).
Long Term Liabilities: BN2's short term assets (HK$1.9B) exceed its long term liabilities (HK$7.9M).
Debt to Equity History and Analysis
Debt Level: BN2 is debt free.
Reducing Debt: BN2 has not had any debt for past 5 years.
Debt Coverage: BN2 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BN2 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Valuetronics Holdings's current dividend yield, its reliability and sustainability?
5.59%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BN2's dividend (5.72%) is higher than the bottom 25% of dividend payers in the SG market (1.92%).
High Dividend: BN2's dividend (5.72%) is in the top 25% of dividend payers in the SG market (4.91%)
Stability and Growth of Payments
Stable Dividend: BN2's dividend payments have been volatile in the past 10 years.
Growing Dividend: BN2's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.7%), BN2's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BN2's dividends in 3 years are forecast to be well covered by earnings (47.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.8yrs
Average management tenure
CEO
Chong Tse (58 yo)
14.75yrs
Tenure
Mr. Tse Chong Hing has been the Chairman and Managing Director of Valuetronics Holdings Limited since August 26, 2006. Mr. Tse joined HTL in November 1996 as the Assistant to the then Managing Director. He...
Leadership Team
Experienced Management: BN2's management team is seasoned and experienced (5.8 years average tenure).
Board Members
Experienced Board: BN2's board of directors are seasoned and experienced ( 10.8 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
Valuetronics Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Valuetronics Holdings Limited
- Ticker: BN2
- Exchange: SGX
- Founded: 1992
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: S$267.910m
- Shares outstanding: 435.63m
- Website: https://www.valuetronics.com.hk
Location
- Valuetronics Holdings Limited
- Technology Park
- Unit 9-11
- Sha Tin
- New Territories
- Hong Kong
Listings
Biography
Valuetronics Holdings Limited, an investment holding company, provides integrated electronics manufacturing services (EMS) in the United States, the People's Republic of China, Poland, Indonesia, Hong Kong...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/18 16:35 |
| End of Day Share Price | 2021/05/18 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.