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Memtech International

SGX:BOL
Snowflake Description

Very undervalued with flawless balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BOL
SGX
SGD137M
Market Cap
  1. Home
  2. SG
  3. Tech
Company description

Memtech International Ltd., an investment holding company, manufactures and sells mold, rubber, and plastic components for automotive, industrial and medical, mobile communications, and consumer digital products in the People’s Republic of China, the United States, Japan, and internationally. The last earnings update was 9 days ago. More info.


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BOL Share Price and Events
7 Day Returns
1.6%
SGX:BOL
0.8%
SG Electronic
0.4%
SG Market
1 Year Returns
-35.6%
SGX:BOL
-29%
SG Electronic
-5.9%
SG Market
BOL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Memtech International (BOL) 1.6% -5% 14.3% -35.6% 30.6% 131.3%
SG Electronic 0.8% 2.7% 23.8% -29% 85.8% 54%
SG Market 0.4% 3.3% 4.1% -5.9% 8.8% -2.5%
1 Year Return vs Industry and Market
  • BOL underperformed the Electronic industry which returned -29% over the past year.
  • BOL underperformed the Market in Singapore which returned -5.9% over the past year.
Price Volatility
BOL
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Memtech International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Memtech International.

SGX:BOL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:BOL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 17%) (3.44%))
1.065
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (1.065 * 5.96%)
8.65%

Discounted Cash Flow Calculation for SGX:BOL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Memtech International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:BOL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.65%)
2019 0.81 Analyst x1 0.74
2020 9.09 Analyst x2 7.70
2021 11.11 Analyst x1 8.66
2022 12.74 Est @ 14.67% 9.14
2023 14.13 Est @ 10.96% 9.33
2024 15.31 Est @ 8.36% 9.31
2025 16.32 Est @ 6.55% 9.13
2026 17.18 Est @ 5.27% 8.84
2027 17.93 Est @ 4.38% 8.50
2028 18.60 Est @ 3.76% 8.11
Present value of next 10 years cash flows $79.46
SGX:BOL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $18.60 × (1 + 2.3%) ÷ (8.65% – 2.3%)
$299.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $299.76 ÷ (1 + 8.65%)10
$130.74
SGX:BOL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $79.46 + $130.74
$210.20
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $210.20 / 140.08
$1.5
SGX:BOL Discount to Share Price
Calculation Result
Exchange Rate USD/SGD
(Reporting currency to currency of SGX:BOL)
1.353
Value per Share
(SGD)
= Value per Share in USD x Exchange Rate (USD/SGD)
= $1.5 x 1.353
SGD2.03
Value per share (SGD) From above. SGD2.03
Current discount Discount to share price of SGD0.96
= -1 x (SGD0.96 - SGD2.03) / SGD2.03
52.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Memtech International is available for.
Intrinsic value
>50%
Share price is SGD0.96 vs Future cash flow value of SGD2.03
Current Discount Checks
For Memtech International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Memtech International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Memtech International's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Memtech International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Memtech International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:BOL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.07
SGX:BOL Share Price ** SGX (2019-04-18) in SGD SGD0.96
SGX:BOL Share Price converted to USD reporting currency Exchange rate (SGD/ USD) 0.739 $0.71
Singapore Electronic Industry PE Ratio Median Figure of 21 Publicly-Listed Electronic Companies 11.64x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Memtech International.

SGX:BOL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:BOL Share Price ÷ EPS (both in USD)

= 0.71 ÷ 0.07

10.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Memtech International is good value based on earnings compared to the SG Electronic industry average.
  • Memtech International is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does Memtech International's expected growth come at a high price?
Raw Data
SGX:BOL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
18.1%per year
Singapore Electronic Industry PEG Ratio Median Figure of 5 Publicly-Listed Electronic Companies 1.94x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

SGX:BOL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.35x ÷ 18.1%

0.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Memtech International is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Memtech International's assets?
Raw Data
SGX:BOL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.90
SGX:BOL Share Price * SGX (2019-04-18) in SGD SGD0.96
SGX:BOL Share Price converted to USD reporting currency Exchange rate (SGD/ USD) 0.739 $0.71
Singapore Electronic Industry PB Ratio Median Figure of 22 Publicly-Listed Electronic Companies 0.84x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:BOL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:BOL Share Price ÷ Book Value per Share (both in USD)

= 0.71 ÷ 0.90

0.79x

* Primary Listing of Memtech International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Memtech International is good value based on assets compared to the SG Electronic industry average.
X
Value checks
We assess Memtech International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Memtech International has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Memtech International expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Memtech International expected to grow at an attractive rate?
  • Memtech International's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Memtech International's earnings growth is expected to exceed the Singapore market average.
  • Memtech International's revenue growth is expected to exceed the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:BOL Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:BOL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 18.1%
SGX:BOL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 14.5%
Singapore Electronic Industry Earnings Growth Rate Market Cap Weighted Average 5.4%
Singapore Electronic Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.6%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:BOL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:BOL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 300 21 16 2
2020-12-31 253 18 15 3
2019-12-31 219 12 12 2
SGX:BOL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 192 11 10
2018-09-30 190 9 10
2018-06-30 182 18 11
2018-03-31 175 8 14
2017-12-31 170 12 14
2017-09-30 168 13 14
2017-06-30 169 13 14
2017-03-31 162 13 7
2016-12-31 159 14 6
2016-09-30 149 12 6
2016-06-30 140 11 5
2016-03-31 142 11 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Memtech International's earnings are expected to grow by 18.1% yearly, however this is not considered high growth (20% yearly).
  • Memtech International's revenue is expected to grow by 14.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:BOL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Memtech International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:BOL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.12 0.13 0.11 2.00
2020-12-31 0.11 0.13 0.09 3.00
2019-12-31 0.08 0.09 0.08 2.00
SGX:BOL Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.07
2018-09-30 0.07
2018-06-30 0.08
2018-03-31 0.10
2017-12-31 0.10
2017-09-30 0.10
2017-06-30 0.10
2017-03-31 0.05
2016-12-31 0.04
2016-09-30 0.04
2016-06-30 0.03
2016-03-31 0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Memtech International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Memtech International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Memtech International has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Memtech International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Memtech International's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Memtech International's year on year earnings growth rate has been positive over the past 5 years.
  • Memtech International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Memtech International's 1-year earnings growth is negative, it can't be compared to the SG Electronic industry average.
Earnings and Revenue History
Memtech International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Memtech International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:BOL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 192.45 9.60 22.24
2018-09-30 189.94 10.34 21.57
2018-06-30 182.41 11.10 20.53
2018-03-31 175.19 13.87 19.52
2017-12-31 170.01 14.13 19.39
2017-09-30 168.33 14.39 20.00
2017-06-30 168.58 13.57 20.36
2017-03-31 162.25 7.30 20.32
2016-12-31 159.01 6.27 20.27
2016-09-30 149.27 6.05 18.12
2016-06-30 139.90 4.59 17.56
2016-03-31 141.84 7.48 17.88
2015-12-31 142.21 8.12 18.00
2015-09-30 141.92 6.46 19.60
2015-06-30 140.98 17.07 19.41
2015-03-31 141.88 17.32 19.12
2014-12-31 137.57 17.18 18.35
2014-09-30 133.66 14.32 19.61
2014-06-30 131.07 4.20 19.54
2014-03-31 123.48 0.04 19.34
2013-12-31 116.58 -4.37 18.95
2013-09-30 108.58 0.85 15.80
2013-06-30 108.93 -0.87 16.20
2013-03-31 107.48 -1.47 16.46
2012-12-31 109.10 0.19 17.02
2012-09-30 126.07 -2.75 22.46
2012-06-30 132.17 -3.14 22.64

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Memtech International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Memtech International used its assets more efficiently than the SG Electronic industry average last year based on Return on Assets.
  • Memtech International has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Memtech International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Memtech International has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Memtech International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Memtech International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Memtech International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Memtech International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Memtech International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 39.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Memtech International Company Filings, last reported 3 months ago.

SGX:BOL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 126.04 3.47 22.31
2018-09-30 122.60 3.44 19.24
2018-06-30 122.55 4.69 28.49
2018-03-31 131.68 4.94 33.85
2017-12-31 127.32 4.84 35.27
2017-09-30 121.74 5.02 33.25
2017-06-30 116.43 5.28 32.09
2017-03-31 112.81 4.31 29.75
2016-12-31 110.83 4.57 27.69
2016-09-30 109.40 3.04 23.87
2016-06-30 106.61 1.67 23.93
2016-03-31 113.53 1.94 30.19
2015-12-31 112.33 2.22 27.04
2015-09-30 110.30 2.50 27.20
2015-06-30 111.66 2.78 27.08
2015-03-31 113.03 3.06 34.09
2014-12-31 112.13 3.33 32.95
2014-09-30 109.62 3.61 33.74
2014-06-30 108.08 3.89 34.84
2014-03-31 109.81 4.17 44.75
2013-12-31 109.78 4.44 37.52
2013-09-30 107.03 4.72 35.77
2013-06-30 104.69 5.00 34.82
2013-03-31 106.73 5.00 40.20
2012-12-31 110.46 5.00 35.36
2012-09-30 116.64 3.00 36.22
2012-06-30 117.36 3.00 40.65
  • Memtech International's level of debt (2.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (4% vs 2.8% today).
  • Debt is well covered by operating cash flow (315.6%, greater than 20% of total debt).
  • Memtech International earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Memtech International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Memtech International has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Memtech International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.11%
Current annual income from Memtech International dividends. Estimated to be 5.79% next year.
If you bought SGD2,000 of Memtech International shares you are expected to receive SGD62 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Memtech International's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.51%).
  • Memtech International's dividend is below the markets top 25% of dividend payers in Singapore (5.43%).
Upcoming dividend payment

Purchase Memtech International before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:BOL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Singapore Electronic Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 3.9%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:BOL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.04 1.00
2020-12-31 0.05 2.00
2019-12-31 0.03 1.00
SGX:BOL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-27 0.022 2.986
2018-04-09 0.040 5.507
2018-02-27 0.041 3.339
2017-04-11 0.018 2.473
2017-02-24 0.018 3.775
2016-04-12 0.023 5.277
2016-02-26 0.023 4.968
2015-04-13 0.021 4.667
2015-02-25 0.022 5.331
2014-04-14 0.022 6.273
2013-04-12 0.012 4.078
2012-02-27 0.031 10.242
2011-02-24 0.042 9.295
2010-04-15 0.027 6.161
2010-02-25 0.027 6.478
2009-04-20 0.017 5.173

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Memtech International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Memtech International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Memtech International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Memtech International has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Cheng Gu
TENURE AS CEO 3 years
CEO Bio

Mr. Gu Cheng Hua serves as the President of Nantong Memtech Technologies Co. Ltd. Mr. Gu served as the President of Keypad Business Unit at Memtech International Ltd. Mr. Gu served as General Manager of Nantong Memtech Electronic Industries Co., Ltd., subsidiary of Memtech International Ltd. until January 2010. He was responsible for overseeing the entire operations of Memtech International Ltd. Nantong plant. He left the STX Group in February 2003 and joined Memtech International Ltd. Group. He has over 14 years of experience in the keypad manufacturing industry. Mr. Gu started his career with the San Teh group in 1990 and held various management positions over the next 10 years. His appointments included production manager, quality management manager and general manager of its keypad manufacturing operations in Xiamen and Nantong, PRC. From 2000 to 2003, he served as General Manager with the STX Group where he was responsible for managing ITT's keypad operations in PRC. He has been an Executive Director of Memtech International Ltd. since April 1, 2004. Mr. Gu holds a Bachelor of Science in Mathematics and Physics degree from Southeast University in PRC.

CEO Compensation
  • Insufficient data for Cheng to compare compensation growth.
  • Insufficient data for Cheng to establish whether their remuneration is reasonable compared to companies of similar size in Singapore.
Management Team

Wen Fu Chuang

TITLE
Group Executive Chairman
AGE
73

Cheng Gu

TITLE
CEO & Executive Director
TENURE
3 yrs

Chin Yap

TITLE
Founder & Executive Director

Kok Koh

TITLE
Chief Marketing Officer

Joo Teow

TITLE
Executive Director

Edwin Teo

TITLE
Company Secretary

Liu Zhang

TITLE
Group Financial Controller
TENURE
3.3 yrs

Yi Bai

TITLE
General Manager of Dongguan Memtech Electronic Product Co Ltd

Tze Chuang

TITLE
Vice-President for Corporate Strategy & Executive Director
AGE
43
Board of Directors Tenure

Average tenure and age of the Memtech International board of directors in years:

14.8
Average Tenure
62
Average Age
  • The average tenure for the Memtech International board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Wen Fu Chuang

TITLE
Group Executive Chairman
AGE
73

Cheng Gu

TITLE
CEO & Executive Director
TENURE
15 yrs

Chin Yap

TITLE
Founder & Executive Director
TENURE
15.4 yrs

Joo Teow

TITLE
Executive Director
TENURE
14.2 yrs

Tze Chuang

TITLE
Vice-President for Corporate Strategy & Executive Director
AGE
43
TENURE
3.9 yrs

Keng Chua

TITLE
Lead Independent Director
AGE
62
TENURE
5.1 yrs

Kiang Kok Teo

TITLE
Independent Non-Executive Director
AGE
62
TENURE
14.8 yrs

Cheong Kwee Teng

TITLE
Independent Non-Executive Director
AGE
64
TENURE
14.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
17. Aug 18 Buy Joo Teow Individual 16. Aug 18 16. Aug 18 100,000 SGD1.16 SGD115,500
X
Management checks
We assess Memtech International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Memtech International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

If You Had Bought Memtech International (SGX:BOL) Shares Five Years Ago You'd Have Made 131%

During the five years of share price growth, Memtech International moved from a loss to profitability. … We can see that the Memtech International share price is up 29% in the last three years. … Notably, the EPS growth has been slower than the annualised share price gain of 9.0% over three years.

Simply Wall St -

Are Insiders Buying Memtech International Ltd. (SGX:BOL) Stock?

We often see insiders buying up shares in companies that perform well over the long term. … Memtech International Insider Transactions Over The Last Year. … Over the last year, we can see that the biggest insider purchase was by Executive Director Joo Teow for S$116k worth of shares, at about S$1.16 per share.

Simply Wall St -

Does Memtech International Ltd.'s (SGX:BOL) March Stock Price Reflect Its Future Growth?

(SGX:BOL) closed yesterday at SGD0.96, which left some investors asking whether the high earnings potential can still be justified at this price. … Check out our latest analysis for Memtech International? … The excitement around Memtech International's growth potential is not unfounded

Simply Wall St -

Here’s why Memtech International Ltd.’s (SGX:BOL) Returns On Capital Matters So Much

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

What Should We Expect From Memtech International Ltd.'s (SGX:BOL) Earnings Over The Next Year?

(SGX:BOL) released its earnings update. … with earnings expected to grow by 23% in the upcoming year … the past 5-year average growth rate of 12%.

Simply Wall St -

Memtech International Ltd. (SGX:BOL): Immense Growth Potential?

The most recent earnings update Memtech International Ltd.'s (SGX:BOL) released in December 2018a

Simply Wall St -

Is Memtech International Ltd. (SGX:BOL) A Volatile Stock?

(SGX:BOL), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

What Percentage Of Memtech International Ltd. (SGX:BOL) Shares Do Insiders Own?

The big shareholder groups in Memtech International Ltd. … Memtech International is not a large company by global standards. … Let's take a closer look to see what the different types of shareholder can tell us about BOL

Simply Wall St -

Is It Too Late To Consider Buying Memtech International Ltd. (SGX:BOL)?

received a lot of attention from a substantial price increase on the SGX over the last few months. … Less-covered, small caps sees more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … Today I will analyse the most recent data on Memtech International’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Why We Think Memtech International Ltd. (SGX:BOL) Could Be Worth Looking At

(SGX:BOL) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of BOL, it

Simply Wall St -

Company Info

Description

Memtech International Ltd., an investment holding company, manufactures and sells mold, rubber, and plastic components for automotive, industrial and medical, mobile communications, and consumer digital products in the People’s Republic of China, the United States, Japan, and internationally. The company offers rubber parts; decorative plastics comprising car key fobs, logos, plating rings, audio and temperature control panels, cluster application products, and infotainment panels; and functional plastics, such as light guide plates, car revolving buttons and keypads, emergency and car buttons, electron shells, steering buttons, hand break lifters, and power window buttons. It also provides TV remote controls and control keypads, keypad buttons, gaming controllers, light guide panels, routers, router panels and shells, speakers, and wearable devices; industrial PDAs, barcode scanners, and blood glucose meters; antennas, mobile antenna casings, window lens products, metal dome and light guide films, and mobile and waterproof housings; and single and double shot, electroforming, and other tooling products. In addition, the company trades in electronic products; and manufactures translucent lenses for flash light in mobile phones. Memtech International Ltd. was incorporated in 2003 and is based in Singapore.

Details
Name: Memtech International Ltd.
BOL
Exchange: SGX
Founded: 2003
SGD136,578,856
140,080,878
Website: http://www.memtechchina.com
Address: Memtech International Ltd.
Golden Wall Centre,
No. 04-01, 89 Short Street,
Singapore,
188216,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX BOL Ordinary Shares Singapore Exchange SG SGD 22. Jul 2004
Number of employees
Current staff
Staff numbers
0
Memtech International employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 12:32
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/08
Last earnings filing: 2019/04/09
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.