SGX:BVQ

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Executive Summary

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


Snowflake Analysis

Excellent 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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

9.1%

BVQ

3.9%

SG Electronic

6.3%

SG Market


1 Year Return

-3.2%

BVQ

4.9%

SG Electronic

-15.5%

SG Market

Return vs Industry: BVQ underperformed the SG Electronic industry which returned 4.1% over the past year.

Return vs Market: BVQ exceeded the SG Market which returned -17.9% over the past year.


Shareholder returns

BVQIndustryMarket
7 Day9.1%3.9%6.3%
30 Day9.1%5.1%5.1%
90 Day7.1%-0.4%-10.8%
1 Year-3.2%-3.2%7.0%4.9%-12.1%-15.5%
3 Year13.2%13.2%12.3%-0.6%-11.0%-20.7%
5 Yearn/a79.0%44.3%-5.7%-21.9%

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 (SGD0.3) is trading below our estimate of fair value (SGD0.9)

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 (22.6x) compared to the Electronic industry average (13.4x).

PE vs Market: BVQ is poor value based on its PE Ratio (22.6x) compared to the SG market (11.7x).


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).


Next Steps

Future Growth

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

22.6%

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.


Next Steps

Past Performance

How has Procurri performed over the past 5 years?

-12.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BVQ has high quality earnings.

Growing Profit Margin: BVQ's current net profit margins (1.7%) are lower than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: BVQ's earnings have declined by -12.2% 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 (-29.3%) over the past year, making it difficult to compare to the Electronic industry average (-12%).


Return on Equity

High ROE: BVQ's Return on Equity (8.1%) is considered low.


Next Steps

Financial Health

How is Procurri's financial position?


Financial Position Analysis

Short Term Liabilities: BVQ's short term assets (SGD108.6M) exceed its short term liabilities (SGD87.4M).

Long Term Liabilities: BVQ's short term assets (SGD108.6M) exceed its long term liabilities (SGD15.9M).


Debt to Equity History and Analysis

Debt Level: BVQ's debt to equity ratio (35.7%) is considered satisfactory.

Reducing Debt: BVQ's debt to equity ratio has reduced from 52.3% to 35.7% over the past 5 years.

Debt Coverage: BVQ's debt is well covered by operating cash flow (110.3%).

Interest Coverage: BVQ's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Procurri's 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?

4.2yrs

Average management tenure


CEO

Thomas Sean Murphy (52yo)

6.42yrs

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

NamePositionTenureCompensationOwnership
Thomas Sean Murphy
Executive Chairman & Global CEO6.42yrsno data3.48% SGD3.1m
Edward John Flachbarth
Global President & Executive Director3.17yrsno data3.28% SGD2.9m
Joo Choo
Group Chief Financial Officer3.92yrsno datano data
Zachary Sexton
Head of Americas4.42yrsno datano data
Mathew Jordan
Head of Europe4.42yrsno datano data
Matthew Trial
Head of Asia-Pacific1.92yrsno datano data
Moi Lin
Company Secretary2.42yrsno datano data
Kok Khun Wong
3.17yrsno datano data

4.2yrs

Average Tenure

49.5yo

Average Age

Experienced Management: BVQ's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Sean Murphy
Executive Chairman & Global CEO6.42yrsno data3.48% SGD3.1m
Edward John Flachbarth
Global President & Executive Director3.17yrsno data3.28% SGD2.9m
Wai San Loke
Non-Executive & Non-Independent Director1.17yrsno datano data
Puay Koon Lim
Independent Non-Executive Director0.17yrno datano data
Loh Ken Ng
Lead Independent Director0.58yrno data0.093% SGD81.8k
Quee Quee Wong
Independent Director4yrsno data0.084% SGD73.7k

1.2yrs

Average Tenure

52yo

Average Age

Experienced Board: BVQ's board of directors are not considered experienced ( 1.2 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: BVQ insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3%.


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$87.967m
  • Shares outstanding: 293.22m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BVQSGX (Singapore Exchange)YesOrdinary SharesSGSGDJul 2016

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 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 is involved 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. Further, it engages in the sale of IT asset disposal; and provision of repair, data center, hardware resale, and computer hardware and peripheral equipment maintenance services. 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/03 20:28
End of Day Share Price2020/06/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.