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Valuetronics Holdings

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


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.9%

BN2

0.1%

SG Electronic

0.7%

SG Market


1 Year Return

-15.1%

BN2

12.9%

SG Electronic

-21.6%

SG Market

Return vs Industry: BN2 underperformed the SG Electronic industry which returned 12.9% over the past year.

Return vs Market: BN2 exceeded the SG Market which returned -21.6% over the past year.


Shareholder returns

BN2IndustryMarket
7 Day0.9%0.1%0.7%
30 Day-7.0%-5.3%-0.8%
90 Day-7.8%11.2%-4.5%
1 Year-10.1%-15.1%17.2%12.9%-17.4%-21.6%
3 Year-26.0%-38.5%8.5%-4.9%-17.2%-27.3%
5 Year93.7%43.5%126.1%77.9%-0.3%-18.6%

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

Valuation

Is Valuetronics Holdings undervalued compared to its fair value and its price relative to the market?

7.42x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BN2 (SGD0.54) is trading above our estimate of fair value (SGD0.33)

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 (7.4x) compared to the SG Electronic industry average (12x).

PE vs Market: BN2 is good value based on its PE Ratio (7.4x) compared to the SG market (12.9x).


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 (1.1x) compared to the SG Electronic industry average (0.8x).


Next Steps

Future Growth

How is Valuetronics Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-5.0%

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 (-5% per year).

Earnings vs Market: BN2's earnings are forecast to decline over the next 3 years (-5% 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 (-2.7% per year).

High Growth Revenue: BN2's revenue is forecast to decline over the next 3 years (-2.7% 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 (10.7%).


Next Steps

Past Performance

How has Valuetronics Holdings performed over the past 5 years?

9.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BN2 has high quality earnings.

Growing Profit Margin: BN2's current net profit margins (7.6%) are higher than last year (7.1%).


Past Earnings Growth Analysis

Earnings Trend: BN2's earnings have grown by 9.7% 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 (-10.3%) over the past year, making it difficult to compare to the Electronic industry average (-14.1%).


Return on Equity

High ROE: BN2's Return on Equity (14.5%) is considered low.


Next Steps

Financial Health

How is Valuetronics Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: BN2's short term assets (HK$1.7B) exceed its short term liabilities (HK$773.3M).

Long Term Liabilities: BN2's short term assets (HK$1.7B) exceed its long term liabilities (HK$8.5M).


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


Next Steps

Dividend

What is Valuetronics Holdings's current dividend yield, its reliability and sustainability?

6.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BN2's dividend (6.55%) is higher than the bottom 25% of dividend payers in the SG market (2.58%).

High Dividend: BN2's dividend (6.55%) is in the top 25% of dividend payers in the SG market (5.53%)


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 (48.5%), 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 covered by earnings (56.8% payout ratio).


Next Steps

Management

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

5.2yrs

Average management tenure


CEO

Chong Tse (58 yo)

14.08yrs

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

NamePositionTenureCompensationOwnership
Chong Tse
Chairman & MD14.08yrsno data17.47%
HK$ 40.7m
Kok Chow
Founder & Executive Director14.08yrsno data7.36%
HK$ 17.1m
Ka Lui
Chief Financial Officer3.25yrsno datano data
Jian Yuan Huang
Vice President of Operations8.42yrsno datano data
Luang Chew Chia
Company Secretary5.17yrsno datano data
Keng Lim
Company Secretary5.17yrsno datano data

5.2yrs

Average Tenure

58yo

Average Age

Experienced Management: BN2's management team is seasoned and experienced (5.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chong Tse
Chairman & MD14.08yrsno data17.47%
HK$ 40.7m
Kok Chow
Founder & Executive Director14.08yrsno data7.36%
HK$ 17.1m
Tiew Ong
Lead Independent Directorno datano datano data
Siok Chin Tan
Independent Director6.17yrsno datano data
Cheng Guan Loo
Independent Director5.17yrsno datano data

10.1yrs

Average Tenure

58yo

Average Age

Experienced Board: BN2's board of directors are seasoned and experienced ( 10.1 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$232.725m
  • Shares outstanding: 435.00m
  • Website: https://www.valuetronics.com.hk

Location

  • Valuetronics Holdings Limited
  • Technology Park
  • Unit 9-11
  • Sha Tin
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BN2SGX (Singapore Exchange)YesOrdinary SharesSGSGDMar 2007
VHLG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2007
GJ7DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2007

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/19 19:19
End of Day Share Price2020/09/18 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.