SGX:BVQ

Stock Analysis Report

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Market Cap

S$94.2m

Last Updated

2021/07/28 18:13 UTC

Data Sources

Company Financials

Executive Summary

Procurri Corporation Limited provides data center equipment and information technology (IT) lifecycle services. More Details


Snowflake Analysis

Adequate balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Procurri's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BVQ is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BVQ's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-3.0%

BVQ

-0.4%

SG Electronic

0.3%

SG Market


1 Year Return

6.7%

BVQ

8.1%

SG Electronic

19.1%

SG Market

Return vs Industry: BVQ underperformed the SG Electronic industry which returned 8.1% over the past year.

Return vs Market: BVQ underperformed the SG Market which returned 19.1% over the past year.


Shareholder returns

BVQIndustryMarket
7 Day-3.0%-0.4%0.3%
30 Day1.6%0.1%-0.1%
90 Day-8.6%-6.2%-2.9%
1 Year6.7%6.7%12.4%8.1%23.6%19.1%
3 Year23.1%23.1%14.6%-0.2%3.1%-9.2%
5 Year-17.8%-19.0%100.0%62.2%25.7%2.9%

Long-Term Price Volatility Vs. Market

How volatile is Procurri's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BVQ (SGD0.32) is trading below our estimate of fair value (SGD2.81)

Significantly Below Fair Value: BVQ is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BVQ is poor value based on its PE Ratio (34.7x) compared to the SG Electronic industry average (13.7x).

PE vs Market: BVQ is poor value based on its PE Ratio (34.7x) compared to the SG market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BVQ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BVQ is overvalued based on its PB Ratio (1.8x) compared to the SG Electronic industry average (0.8x).


Future Growth

How is Procurri forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.5%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Procurri has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Procurri performed over the past 5 years?

-15.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BVQ has a large one-off gain of SGD5.0M impacting its December 31 2020 financial results.

Growing Profit Margin: BVQ's current net profit margins (1.2%) are lower than last year (1.7%).


Past Earnings Growth Analysis

Earnings Trend: BVQ's earnings have declined by 15.9% per year over the past 5 years.

Accelerating Growth: BVQ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BVQ had negative earnings growth (-28.5%) over the past year, making it difficult to compare to the Electronic industry average (4.6%).


Return on Equity

High ROE: BVQ's Return on Equity (5.1%) is considered low.


Financial Health

How is Procurri's financial position?


Financial Position Analysis

Short Term Liabilities: BVQ's short term assets (SGD102.8M) exceed its short term liabilities (SGD63.7M).

Long Term Liabilities: BVQ's short term assets (SGD102.8M) exceed its long term liabilities (SGD13.5M).


Debt to Equity History and Analysis

Debt Level: BVQ's debt to equity ratio (40.1%) is considered high.

Reducing Debt: BVQ's debt to equity ratio has reduced from 69.7% to 40.1% over the past 5 years.

Debt Coverage: BVQ's debt is well covered by operating cash flow (130.7%).

Interest Coverage: BVQ's interest payments on its debt are not well covered by EBIT (0.1x coverage).


Balance Sheet


Dividend

What is Procurri current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BVQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BVQ's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BVQ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BVQ's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BVQ is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BVQ's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Thomas Sean Murphy (54 yo)

7.5yrs

Tenure

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 ...


Leadership Team

Experienced Management: BVQ's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: BVQ's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Procurri Corporation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Procurri Corporation Limited
  • Ticker: BVQ
  • Exchange: SGX
  • Founded: 2009
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: S$94.156m
  • Shares outstanding: 294.24m
  • Website: https://www.procurri.com

Number of Employees


Location

  • Procurri Corporation Limited
  • 29 Tai Seng Avenue
  • No. 02-01 Natural Cool Lifestyle Hub
  • Singapore
  • 534119
  • Singapore

Listings


Biography

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 distrib...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/28 18:13
End of Day Share Price2021/07/28 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.