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Procurri

SGX:BVQ
Snowflake Description

Adequate balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BVQ
SGX
SGD87M
Market Cap
  1. Home
  2. SG
  3. Tech
Company description

Procurri Corporation Limited provides data center equipment and information technology (IT) lifecycle services. The last earnings update was 19 days ago. More info.


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BVQ Share Price and Events
7 Day Returns
1.7%
SGX:BVQ
-3.9%
SG Electronic
-1.8%
SG Market
1 Year Returns
17.3%
SGX:BVQ
-20.3%
SG Electronic
-8.4%
SG Market
BVQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Procurri (BVQ) 1.7% 0% 8.9% 17.3% - -
SG Electronic -3.9% -14.8% -0.4% -20.3% 62.6% 35.6%
SG Market -1.8% -3.8% -1.8% -8.4% 10.2% -7.1%
1 Year Return vs Industry and Market
  • BVQ outperformed the Electronic industry which returned -20.3% over the past year.
  • BVQ outperformed the Market in Singapore which returned -8.4% over the past year.
Price Volatility
BVQ
Industry
5yr Volatility vs Market

Value

 Is Procurri 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 Procurri 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 Procurri.

SGX:BVQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.5%
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:BVQ
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 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.046 (1 + (1- 17%) (31.65%))
1.215
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (1.215 * 5.96%)
9.54%

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

The calculations below outline how an intrinsic value for Procurri 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:BVQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 9.54%)
2019 55.52 Est @ 88.32% 50.69
2020 90.23 Est @ 62.51% 75.19
2021 130.34 Est @ 44.45% 99.16
2022 171.79 Est @ 31.81% 119.31
2023 211.23 Est @ 22.96% 133.92
2024 246.63 Est @ 16.76% 142.74
2025 277.27 Est @ 12.42% 146.49
2026 303.30 Est @ 9.39% 146.28
2027 325.32 Est @ 7.26% 143.23
2028 344.10 Est @ 5.77% 138.31
Present value of next 10 years cash flows SGD1,195.31
SGX:BVQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD344.10 × (1 + 2.3%) ÷ (9.54% – 2.3%)
SGD4,862.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD4,862.22 ÷ (1 + 9.54%)10
SGD1,954.27
SGX:BVQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD1,195.31 + SGD1,954.27
SGD3,149.58
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD3,149.58 / 284.69
SGD11.06
SGX:BVQ Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD11.06
Current discount Discount to share price of SGD0.31
= -1 x (SGD0.31 - SGD11.06) / SGD11.06
97.2%

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

Current Discount
Amount off the current price Procurri is available for.
Intrinsic value
>50%
Share price is SGD0.31 vs Future cash flow value of SGD11.06
Current Discount Checks
For Procurri to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Procurri's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Procurri'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 Procurri's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Procurri's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:BVQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SGD SGD0.02
SGX:BVQ Share Price ** SGX (2019-05-17) in SGD SGD0.31
Singapore Electronic Industry PE Ratio Median Figure of 21 Publicly-Listed Electronic Companies 11.89x
Singapore Market PE Ratio Median Figure of 322 Publicly-Listed Companies 12.52x

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

** Primary Listing of Procurri.

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

= SGX:BVQ Share Price ÷ EPS (both in SGD)

= 0.31 ÷ 0.02

14.12x

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

  • Procurri is overvalued based on earnings compared to the SG Electronic industry average.
  • Procurri is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does Procurri's expected growth come at a high price?
Raw Data
SGX:BVQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-3.6%per year
Singapore Electronic Industry PEG Ratio Median Figure of 5 Publicly-Listed Electronic Companies 2.31x
Singapore Market PEG Ratio Median Figure of 120 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Procurri, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Procurri's assets?
Raw Data
SGX:BVQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SGD SGD0.15
SGX:BVQ Share Price * SGX (2019-05-17) in SGD SGD0.31
Singapore Electronic Industry PB Ratio Median Figure of 22 Publicly-Listed Electronic Companies 0.86x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.72x
SGX:BVQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:BVQ Share Price ÷ Book Value per Share (both in SGD)

= 0.31 ÷ 0.15

2.05x

* Primary Listing of Procurri.

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

  • Procurri is overvalued based on assets compared to the SG Electronic industry average.
X
Value checks
We assess Procurri'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. Procurri has a total score of 2/6, 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 Procurri expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Procurri, future earnings growth has been estimated based on fundamentals.
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
-3.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Procurri expected to grow at an attractive rate?
  • Procurri's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Procurri's earnings are expected to decrease over the next 1-3 years, this is below the Singapore market average.
  • Unable to compare Procurri's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:BVQ Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:BVQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -3.6%
Singapore Electronic Industry Earnings Growth Rate Market Cap Weighted Average 5.4%
Singapore Electronic Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.7%
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:BVQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:BVQ Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SGX:BVQ Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-03-31 225 35 6
2018-12-31 220 11 5
2018-09-30 217 19 2
2018-06-30 213 15 1
2018-03-31 193 5 -2
2017-12-31 182 13 -3
2017-09-30 175 10 1
2017-06-30 156 6 1
2017-03-31 148 6 5
2016-12-31 136 -1 5
2016-09-30 127 -6 8
2016-06-30 128 1 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Procurri's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Procurri is high growth as no revenue estimate data is available.
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:BVQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Procurri Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:BVQ Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SGX:BVQ Past Financials Data
Date (Data in SGD Millions) EPS *
2019-03-31 0.02
2018-12-31 0.02
2018-09-30 0.01
2018-06-30 0.00
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.02
2016-12-31 0.02
2016-09-30 0.03
2016-06-30 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.
  • Unable to establish if Procurri will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Procurri'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.
Procurri has a total score of 0/6, 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 Procurri 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 Procurri'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.
  • Procurri's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Procurri has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Procurri has become profitable in the last year making it difficult to compare the SG Electronic industry average.
Earnings and Revenue History
Procurri'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 Procurri Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:BVQ Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 224.56 6.09 67.83
2018-12-31 220.24 5.34 66.22
2018-09-30 216.83 2.41 66.68
2018-06-30 212.70 1.00 65.48
2018-03-31 193.01 -1.91 61.09
2017-12-31 181.82 -2.75 58.07
2017-09-30 175.09 0.81 53.32
2017-06-30 155.68 0.62 47.51
2017-03-31 148.03 5.21 41.49
2016-12-31 135.75 5.14 37.07
2016-09-30 126.60 7.65 33.97
2016-06-30 128.29 9.79 33.12
2016-03-31 120.60 7.87 31.86
2015-12-31 122.81 8.77 31.08
2014-12-31 76.90 2.79 20.34
2013-12-31 28.40 1.98 7.98

*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.
  • Procurri has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Procurri used its assets more efficiently than the SG Electronic industry average last year based on Return on Assets.
  • Procurri's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Procurri'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.
Procurri has a total score of 1/6, 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 Procurri'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 Procurri's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Procurri is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Procurri's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Procurri'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 3.6x 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 Procurri Company Filings, last reported 1 month ago.

SGX:BVQ Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 42.25 27.49 18.68
2018-12-31 69.04 14.36 18.78
2018-09-30 67.76 16.95 20.68
2018-06-30 66.39 19.18 17.03
2018-03-31 65.19 18.28 14.38
2017-12-31 63.84 21.97 19.46
2017-09-30 65.11 25.84 13.56
2017-06-30 64.51 27.97 15.86
2017-03-31 66.81 18.78 15.75
2016-12-31 67.08 18.32 31.02
2016-09-30 64.58 22.30 31.13
2016-06-30 28.06 22.87 4.10
2016-03-31 34.32 24.28 5.05
2015-12-31 34.32 24.28 5.05
2014-12-31 30.78 17.09 6.94
2013-12-31 7.93 4.73 1.95
  • Procurri's level of debt (65%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (57.3% vs 65% today).
  • Debt is well covered by operating cash flow (127.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.8x coverage).
X
Financial health checks
We assess Procurri'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. Procurri has a total score of 4/6, 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 Procurri'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
0%
Current annual income from Procurri dividends.
If you bought SGD2,000 of Procurri shares you are expected to receive SGD0 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?
  • Unable to evaluate Procurri's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Procurri's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:BVQ 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 0 Analyst Estimates (S&P Global) See Below
Singapore Electronic Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 4.6%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 276 Stocks 4%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.7%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.6%
Singapore Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

SGX:BVQ Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
SGX:BVQ Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2018-11-08 0.000 0.000
2018-08-06 0.000 0.000
2018-04-25 0.000 0.000
2018-04-12 0.000 0.000
2018-02-28 0.000 0.000
2017-02-27 0.005 1.983

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

  • Unable to perform a dividend volatility check as Procurri has not reported any payouts.
  • Unable to verify if Procurri's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Procurri's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Procurri has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Procurri's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 Procurri afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Procurri has a total score of 0/6, 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 Procurri'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
Thomas Sean Murphy
AGE 51
TENURE AS CEO 5.3 years
CEO Bio

Mr. Thomas Sean Murphy serves as the Global Chief Executive Officer of Procurri Corp. Ltd since January 2, 2014. Mr. Murphy is Executive Chairman of Procurri and Director since January 2, 2014. Mr. Murphy is a Co-Owner of IrruCorp Pte. Ltd. Mr. Murphy has been the Chief Executive Officer of Procurri LLC since January 2013. From July 1998 to February 2012, he was Co-founder and Partner of Canvas Systems Inc. He served as Vice President of Avnet Technology Solutions from February 2012 to January 2013. From July 1998 to January 2008, he was Co-founder and Partner of Optimus Solutions Inc. He has more than 25 years of experience in the IT industry, and he is responsible for the strategic planning and overall management of Procurri Corporation Limited. Mr. Murphy began his career in technology sales, and within 10 years, worked his way to the position of Vice President of International Sales at Sun Data Systems, Inc., overseeing sales in over 70 countries. He serves as a Director of FMS Investors Inc., Irrucorp Pte. Ltd., OHC Realty LLC and OHC LLC. He served as Director of Corus 360 Ltd, Canvas Systems UK Ltd, Corus Solutions Ltd, OS UK Ltd and Solis Systems Ltd. Mr. Murphy received the Entrepreneurial Success Award by the US Government-SBA Division in 2002. In 2006, he was selected as one of Atlanta’s 40 under 40 by the Atlanta Business Chronicle, and was awarded the Gwinnett Chamber of Commerce’s Pinnacle Small Business Person of the Year in 2007. Mr. Murphy graduated from the Emory University with a degree in Economics.

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

Average tenure and age of the Procurri management team in years:

3.1
Average Tenure
48.5
Average Age
  • The tenure for the Procurri management team is about average.
Management Team

Thomas Sean Murphy

TITLE
Executive Chairman & Global CEO
AGE
51
TENURE
5.3 yrs

Ed Flachbarth

TITLE
Global President & Executive Director
AGE
51
TENURE
5.3 yrs

Vincent Choo

TITLE
Group Chief Financial Officer
AGE
46
TENURE
2.8 yrs

Zachary Sexton

TITLE
Head of Americas
AGE
40
TENURE
3.3 yrs

Mat Jordan

TITLE
Head of Europe
AGE
44
TENURE
3.3 yrs

Matthew Trial

TITLE
Head of Asia-Pacific
TENURE
0.8 yrs

Moi Lin

TITLE
Company Secretary
TENURE
1.3 yrs

Vesmond Wong

TITLE
AGE
52
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the Procurri board of directors in years:

2.5
Average Tenure
51
Average Age
  • The average tenure for the Procurri board of directors is less than 3 years, this suggests a new board.
Board of Directors

Thomas Sean Murphy

TITLE
Executive Chairman & Global CEO
AGE
51

Ed Flachbarth

TITLE
Global President & Executive Director
AGE
51
TENURE
2.1 yrs

Jeffrey Wong

TITLE
Independent Director
AGE
42
TENURE
2.9 yrs

Raymond Ho

TITLE
Lead Independent Director
AGE
66

Peter Ng

TITLE
Independent Director
AGE
64
TENURE
2.9 yrs

Wai San Loke

TITLE
Non-Executive & Non-Independent Director
AGE
50
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • Procurri insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
03. May 19 Sell Kyowa Exeo Corporation Company 02. May 19 02. May 19 -8,000,000 SGD0.32 SGD-2,559,996
23. Mar 19 Sell Chooi Lai Soh Individual 21. Mar 19 21. Mar 19 -37,000,000 SGD0.33 SGD-12,209,994
23. Mar 19 Sell Kyowa Exeo Corporation Company 21. Mar 19 21. Mar 19 -36,319,978 SGD0.33 SGD-11,985,587
06. Jan 19 Sell Kyowa Exeo Corporation Company 04. Jan 19 04. Jan 19 -48,000,000 SGD0.32 SGD-15,359,982
01. Mar 19 Buy Edward John Flachbarth Individual 28. Feb 19 28. Feb 19 25,000 SGD0.33 SGD8,125
01. Mar 19 Buy Thomas Sean Murphy Individual 28. Feb 19 28. Feb 19 155,000 SGD0.32 SGD50,119
06. Jan 19 Buy Chooi Lai Soh Individual 04. Jan 19 04. Jan 19 37,000,000 SGD0.32 SGD11,839,986
X
Management checks
We assess Procurri'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. Procurri 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

Procurri Corporation Limited’s (SGX:BVQ) Investment Returns Are Lagging Its Industry

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … 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.

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Is Procurri Corporation Limited's (SGX:BVQ) ROE Of 1.5% Concerning?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Procurri has a return on equity of 1.5% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

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What You Must Know About Procurri Corporation Limited's (SGX:BVQ) Financial Strength

Investors are always looking for growth in small-cap stocks like Procurri Corporation Limited (SGX:BVQ), with a market cap of S$76.29m. … However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is

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Who Are Procurri Corporation Limited's (SGX:BVQ) Major Shareholders?

In this analysis, my focus will be on developing a perspective on Procurri Corporation Limited’s (SGX:BVQ) latest ownership structure, a less discussed, but important factor. … Ownership structure of a company has been found to affect share performance over time. … Therefore, it is beneficial for us to examine BVQ's ownership structure in more detail.

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Procurri Corporation Limited (SGX:BVQ): Does The -136.69% Earnings Drop Reflect A Longer Term Trend?

See our latest analysis for Procurri How Did BVQ's Recent Performance Stack Up Against Its Past? … To account for any quarterly or half-yearly updates, I use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … This may not be consistent with full year annual report figures.

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Why You Should Care About Procurri Corporation Limited’s (SGX:BVQ) Cash Levels

The two ways to assess whether Procurri’s FCF is sufficient, is to compare the FCF yield to the market index yield, as well as determine whether the top-line operating cash flows will continue to grow. … Free Cash Flow = Operating Cash Flows – Net Capital Expenditure Free Cash Flow Yield = Free Cash Flow / Enterprise Value where Enterprise Value = Market Capitalisation + Net Debt Procurri’s yield of 9.2% last year indicates its ability to produce cash at the same rate as the market index, taking into account the company’s size. … Current +1 year Operating Cash Flow (OCF) S$13.38M S$4.98M OCF Growth Year-On-Year -62.78% Next Steps: Its positive operating cash flow is a good sign of disciplined operational efficiency, leading to a yield in-line to the market portfolio.

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Is Procurri Corporation Limited's (SGX:BVQ) Balance Sheet A Threat To Its Future?

With this rise in debt, the current cash and short-term investment levels stands at S$18.46M for investing into the business. … Additionally, BVQ has produced cash from operations of S$15.73M during the same period of time, resulting in an operating cash to total debt ratio of 73.48%, indicating that BVQ’s operating cash is sufficient to cover its debt. … Investors' risk associated with debt is very low with BVQ, and the company has plenty of headroom and ability to raise debt should it need to in the future.Next Steps: BVQ has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at an appropriate level.

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What Does Procurri Corporation Limited's (SGX:BVQ) Ownership Structure Look Like?

Insider Ownership Another important group of shareholders are company insiders. … Private Company Ownership Another important group of owners for potential investors in BVQ are private companies that hold a stake of 12.01% in BVQ. … Thus, investors should dig deeper into BVQ's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

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Procurri Corporation Limited's (SGX:BVQ) Shift From Loss To Profit

Many investors are wondering the rate at which BVQ will turn a profit, with the big question being “when will the company breakeven?” I’ve put together a brief outline of industry analyst expectations for BVQ, its year of breakeven and its implied growth rate. … In order to meet this breakeven date, I calculated the rate at which BVQ must grow year-on-year. … SGX:BVQ Past Future Earnings Mar 7th 18 Underlying developments driving BVQ’s growth isn’t the focus of this broad overview, but, keep in mind that by and large a high forecast growth rate is not unusual for a company that is currently undergoing an investment period.

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How Do Analysts See Procurri Corporation Limited's (SGX:BVQ) Margin Performing In The Future?

See our latest analysis for Procurri Breaking Down BVQ's Profit Margin In general, the value that accrues to equity holders is partly reliant on the ability of a company to convert sales revenue in to earnings. … Margin Calculation for BVQ Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 807.00 Killion ÷ 175.09 Million = 0.46% There has been a contraction in Procurri's margin over the past five years, with a positive 29.00% average growth in revenue and decline in net income of -0.66% on average, indicating that that a smaller percentage of revenue is being converted in to net income despite the top line growth. … Understanding what could be driving Procurri's future earnings Based on future expectations, BVQ's profit margin will shift towards expansion, with 7.27% in expected annual revenue growth and a forecasted 118.13% in annual net income growth.

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Company Info

Description

Procurri Corporation Limited provides data center equipment and information technology (IT) lifecycle services. It operates through two segments, IT Distribution and Lifecycle Services. The company distributes IT hardware products, including servers, and storage and networking equipment of various IT brands, as well as provides supply chain management services. It also offers IT maintenance services for various IT systems and networks; IT hardware as a service; and equipment refurbishment and data destruction, and asset disposal services. In addition, the company engages in the supply, rental, maintenance, and servicing of computer hardware, peripheral equipment, and data processing equipment; computer network and system integration design, installation, commissioning, and maintenance activities; provision of technical advice and services, and enterprise management consulting services; data processing activities; and distribution of IT spare parts. It serves original equipment manufacturers, value-added resellers, system integrators, and cloud and managed services providers in Singapore, Europe, the Middle East, Africa, the Americas, and internationally. Procurri Corporation Limited was founded in 2009 and is headquartered in Singapore.

Details
Name: Procurri Corporation Limited
BVQ
Exchange: SGX
Founded: 2009
SGD86,830,145
284,689,000
Website: http://www.procurri.com
Address: Procurri Corporation Limited
29 Tai Seng Avenue,
No. 02-01 Natural Cool Lifestyle Hub,
Singapore,
534119,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX BVQ Ordinary Shares Singapore Exchange SG SGD 20. Jul 2016
Number of employees
Current staff
Staff numbers
400
Procurri employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 13:03
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2018/02/28
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/31
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.