SGX:J03

Stock Analysis Report

Jadason Enterprises

Executive Summary

Jadason Enterprises Ltd, an investment holding company, distributes machines and materials for the printed circuit board (PCB) and semi-conductor industries in Singapore, the People’s Republic of China, Malaysia, Hong Kong, Taiwan, Japan, and Thailand.


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: J03's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.1%

J03

-1.7%

SG Electronic

-0.8%

SG Market


1 Year Return

40.9%

J03

1.9%

SG Electronic

-3.7%

SG Market

Return vs Industry: J03 exceeded the SG Electronic industry which returned 1.9% over the past year.

Return vs Market: J03 exceeded the SG Market which returned -3.7% over the past year.


Shareholder returns

J03IndustryMarket
7 Day-6.1%-1.7%-0.8%
30 Day-8.8%-3.8%-2.6%
90 Day-6.1%-1.6%-1.5%
1 Year40.9%40.9%7.5%1.9%0.2%-3.7%
3 Year10.7%10.7%42.0%23.5%8.6%-2.9%
5 Year-31.1%-31.1%65.7%33.7%8.9%-9.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Jadason Enterprises 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: J03 (SGD0.03) is trading below our estimate of fair value (SGD0.61)

Significantly Below Fair Value: J03 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: J03 is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: J03 is unprofitable, so we can't compare its PE Ratio to the SG market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate J03's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: J03 is good value based on its PB Ratio (0.5x) compared to the SG Electronic industry average (0.8x).


Next Steps

Future Growth

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

24.4%

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 Jadason Enterprises 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 Jadason Enterprises performed over the past 5 years?

43.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: J03 is currently unprofitable.

Growing Profit Margin: J03 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: J03 is unprofitable, but has reduced losses over the past 5 years at a rate of 43% per year.

Accelerating Growth: Unable to compare J03's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: J03 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-7.6%).


Return on Equity

High ROE: J03 has a negative Return on Equity (-14.4%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Jadason Enterprises's financial position?


Financial Position Analysis

Short Term Liabilities: J03's short term assets (SGD40.1M) exceed its short term liabilities (SGD15.3M).

Long Term Liabilities: J03's short term assets (SGD40.1M) exceed its long term liabilities (SGD12.3M).


Debt to Equity History and Analysis

Debt Level: J03's debt to equity ratio (7.4%) is considered satisfactory.

Reducing Debt: J03's debt to equity ratio has reduced from 31.8% to 7.4% over the past 5 years.


Balance Sheet

Inventory Level: J03 has a high level of physical assets or inventory.

Debt Coverage by Assets: J03's debt is covered by short term assets (assets are 12.8x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable J03 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: J03 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 8.5% per year.


Next Steps

Dividend

What is Jadason Enterprises's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.5%markettop25%5.7%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate J03's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate J03's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if J03's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if J03's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: J03 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of J03'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?

12.9yrs

Average board tenure


CEO

Chi Wai Fung (61yo)

13.9yrs

Tenure

0

Mr. Chi Wai Fung has been the Group Chief Executive Officer of Jadason Enterprises Ltd since March 3, 2006 and also serves as its Managing Director. Mr. Fung served as Managing Director of Jadason Enterpri ...


Board Members

NamePositionTenureCompensationOwnership
Chi Wai Fung
Group CEO13.9yrsno data4.53% SGD1.0m
Hui Linna
Executive Director12.9yrsno data1.16% SGD259.8k
Kiang Kok Teo
Independent Non Executive Director17.4yrsno datano data
Keng Chua
Lead Independent Director5.9yrsno data1.18% SGD263.5k
Queeny Ho
Non-Executive Chairman8.8yrsno data32.67% SGD7.3m

12.9yrs

Average Tenure

63yo

Average Age

Experienced Board: J03's board of directors are seasoned and experienced ( 12.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: J03 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 3.8%.


Top Shareholders

Company Information

Jadason Enterprises Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jadason Enterprises Ltd
  • Ticker: J03
  • Exchange: SGX
  • Founded: 1980
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: S$22.394m
  • Shares outstanding: 722.40m
  • Website: https://www.jadason.com/indexE.html

Location

  • Jadason Enterprises Ltd
  • No.3 Kaki Bukit Crescent #03-01
  • Singapore
  • 416237
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
J03SGX (Singapore Exchange)YesOrdinary SharesSGSGDJul 2000

Biography

Jadason Enterprises Ltd, an investment holding company, distributes machines and materials for the printed circuit board (PCB) and semi-conductor industries in Singapore, the People’s Republic of China, Malaysia, Hong Kong, Taiwan, Japan, and Thailand. The company operates through Equipment and Supplies, and Manufacturing and Support Services segments. It also provides resharpening services to the PCB industry; sales support and procurement services; and drilling services to the PCB and semiconductor industries, as well as installs machines. In addition, the company is involved in the distribution of equipment, supplies, and materials; and provision of support services to the PCB and semiconductor industries; lamination of PCBs; and assembly of laser photo plotters, exposure machines, and other PCB equipment for the PCB industry. Further, it engages in trading large format photo masks. Jadason Enterprises Ltd was founded in 1980 and is based in Singapore. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 12:41
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.