SGX:BN2

Stock Analysis Report

Valuetronics Holdings

Executive Summary

Valuetronics Holdings Limited, an investment holding company, provides integrated electronics manufacturing services (EMS) in the United States and internationally.

Snowflake

Fundamentals

Established dividend payer with adequate balance sheet.


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


Market Performance


7 Day Return

-3.1%

BN2

-0.8%

SG Electronic

-0.8%

SG Market


1 Year Return

-7.4%

BN2

-4.8%

SG Electronic

-1.8%

SG Market

BN2 underperformed the Electronic industry which returned -4.8% over the past year.

BN2 underperformed the Market in Singapore which returned -1.8% over the past year.


Share holder returns

BN2IndustryMarket
7 Day-3.1%-0.8%-0.8%
30 Day0%1.3%0.5%
90 Day-8.0%-6.8%-4.5%
1 Year-1.1%-7.4%0.4%-4.8%2.2%-1.8%
3 Year61.4%35.9%72.4%48.8%16.3%3.8%
5 Year133.6%69.0%62.8%30.5%9.2%-8.9%

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

3 weeks ago | Simply Wall St

What Kind Of Investor Owns Most Of Valuetronics Holdings Limited (SGX:BN2)?

Valuation

Is Valuetronics Holdings undervalued based on future cash flows and its price relative to the stock market?

7.82x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Valuetronics Holdings's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Valuetronics Holdings's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Valuetronics Holdings is good value based on earnings compared to the SG Electronic industry average.

Valuetronics Holdings is good value based on earnings compared to the Singapore market.


Price Based on Expected Growth

Valuetronics Holdings is poor value based on expected growth next year.


Price Based on Value of Assets

Valuetronics Holdings is overvalued based on assets compared to the SG Electronic industry average.


Next Steps

Future Growth

How is Valuetronics Holdings expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

3.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Valuetronics Holdings's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).

Valuetronics Holdings's earnings are expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).

Valuetronics Holdings's revenue growth is positive but not above the Singapore market average.

Valuetronics Holdings's earnings growth is positive but not above the Singapore market average.

Valuetronics 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

Valuetronics Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Valuetronics Holdings performed over the past 5 years?

9.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Valuetronics Holdings's year on year earnings growth rate has been positive over the past 5 years.

Valuetronics Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Valuetronics Holdings's 1-year earnings growth is negative, it can't be compared to the SG Electronic industry average.


Return on Equity

Valuetronics Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Valuetronics Holdings used its assets more efficiently than the SG Electronic industry average last year based on Return on Assets.


Return on Capital Employed

Valuetronics Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Valuetronics Holdings's financial position?


Financial Position Analysis

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

Valuetronics Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Valuetronics Holdings's level of debt (0%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Valuetronics Holdings's debt level has increased without past 5-year debt data.

Operating cash flow is negative therefore debt is not well covered.

Valuetronics Holdings has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are -4.0978343081437E+18x debt.


Next Steps

Dividend

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

6.89%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Valuetronics Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.5%).

Valuetronics Holdings's dividend is above the markets top 25% of dividend payers in Singapore (5.58%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.8x coverage).


Next Steps

Management

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

4.2yrs

Average management tenure


CEO

Chong Tse (57yo)

13.1yrs

Tenure

0

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 ...


Management Age and Tenure

4.2yrs

Average Tenure

57yo

Average Age

The tenure for the Valuetronics Holdings management team is about average.


Board Age and Tenure

9.1yrs

Average Tenure

57yo

Average Age

The tenure for the Valuetronics Holdings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellHK$125,35908 Aug 19
HSBC Global Asset Management (UK) Limited
EntityCompany
Shares184,000
Max PriceHK$0.68

Ownership Breakdown


Management Team

  • Hazel Chia

    Company Secretary

    • Tenure: 4.2yrs
  • Shirley Lim

    Company Secretary

    • Tenure: 4.2yrs
  • Chong Tse (57yo)

    Chairman & MD

    • Tenure: 13.1yrs
  • Kok Chow (59yo)

    Founder & Executive Director

    • Tenure: 13.1yrs
  • Jian Yuan Huang

    Vice President of Operations

    • Tenure: 7.4yrs
  • Joseph Lui (38yo)

    Chief Financial Officer

    • Tenure: 2.3yrs

Board Members

  • Tiew Ong (66yo)

    Lead Independent Director

    • Tenure: 0yrs
  • Siok Chin Tan (49yo)

    Independent Director

    • Tenure: 5.2yrs
  • Chong Tse (57yo)

    Chairman & MD

    • Tenure: 13.1yrs
  • Kok Chow (59yo)

    Founder & Executive Director

    • Tenure: 13.1yrs
  • Cheng Guan Loo (55yo)

    Independent Director

    • Tenure: 4.2yrs

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$274.051m
  • Shares outstanding: 435.00m
  • Website: https://www.valuetronics.com.hk

Location

  • Valuetronics Holdings Limited
  • Technology Park
  • Unit 9-11
  • Shatin
  • 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 and internationally. It operates through Consumer Electronics ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 12:44
End of Day Share Price2019/09/20 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.