SGX:P19

Stock Analysis Report

Executive Summary

PCI Limited, an investment holding company, provides electronics manufacturing services in the United States, the Republic of Ireland, the People’s Republic of China, Germany, ASEAN, and internationally.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Risks

  • PCI is not covered by any analysts.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

SGX:P19

0.2%

SG Electronic

-1.3%

SG Market


1 Year Return

76.0%

SGX:P19

-10.9%

SG Electronic

-3.3%

SG Market

P19 outperformed the Electronic industry which returned -13.1% over the past year.

P19 outperformed the Market in Singapore which returned -5.8% over the past year.


Share holder returns

P19IndustryMarket
7 Day0%0.2%-1.3%
30 Day0.8%-3.1%-6.6%
90 Day1.5%-1.9%-2.5%
1 Year84.9%76.0%-6.0%-10.9%0.5%-3.3%
3 Year246.7%180.9%74.6%50.6%15.0%2.9%
5 Year440.8%225.9%63.9%30.1%7.4%-10.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

43%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

PCI's share price is below the future cash flow value, and at a moderate discount (> 20%).

PCI's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

PCI is overvalued based on earnings compared to the SG Electronic industry average.

PCI is good value based on earnings compared to the Singapore market.


Price Based on Expected Growth

Unable to calculate PEG ratio for PCI, we can't assess if its growth is good value.


Price Based on Value of Assets

PCI is overvalued based on assets compared to the SG Electronic industry average.


Next Steps

Future Growth

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

-7.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if PCI is high growth as no revenue estimate data is available.

PCI's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to compare PCI's revenue growth to the Singapore market average as no estimate data is available.

PCI's earnings are expected to decrease over the next 1-3 years, this is below the Singapore market average.

PCI's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if PCI will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has PCI performed over the past 5 years?

15.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

PCI's year on year earnings growth rate has been positive over the past 5 years.

PCI's 1-year earnings growth is less than its 5-year average (8.6% vs 15.1%)

PCI's earnings growth has exceeded the SG Electronic industry average in the past year (8.6% vs -16.9%).


Return on Equity

PCI has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

PCI used its assets more efficiently than the SG Electronic industry average last year based on Return on Assets.


Return on Capital Employed

PCI has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is PCI's financial position?


Financial Position Analysis

PCI is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

PCI's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

PCI has no debt.

PCI had no debt 5 years ago.

PCI has no debt, it does not need to be covered by operating cash flow.

PCI has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

PCI has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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

3.72%

Current Dividend Yield


Dividend Yield and Payments Analysis

PCI's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.5%).

PCI's dividend is below the markets top 25% of dividend payers in Singapore (5.48%).

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

Dividends paid are well covered by earnings (3.7x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Eng Teo

8.8yrs

Tenure

Mr. Eng Lin Teo has been the Chief Executive Officer of PCI Limited since July 1, 2010. Mr. Teo served as Chief Operating Officer of PCI Ltd., from October 17, 2003 to July 1, 2010. He was its former Assis ...


Management Age and Tenure

2.9yrs

Average Tenure

50yo

Average Age

The tenure for the PCI management team is about average.


Board Age and Tenure

3.6yrs

Average Tenure

58yo

Average Age

The tenure for the PCI board of directors is about average.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Kwee Chim Peh (73yo)

    Executive Chairman

  • Eng Teo

    Chief Executive Officer

    • Tenure: 8.8yrs
  • Valerie Tan (54yo)

    Company Secretary

  • Terence Peh (44yo)

    Executive Vice Chairman

  • Quee Tan

    Senior Vice President of Manufacturing

    • Tenure: 0.8yrs
  • Eldon Wan (46yo)

    Executive Director

  • Thomas Handojo

    Senior Vice President of Business Development

    • Tenure: 4.8yrs
  • Liew Hong

    Chief Financial Officer

    • Tenure: 1.0yrs

Board Members

  • Soo-Ching Ho (68yo)

    Lead Independent Director

    • Tenure: 1.6yrs
  • Kwee Chim Peh (73yo)

    Executive Chairman

    • Tenure: 29.4yrs
  • Joanna Young (74yo)

    Non-Executive & Independent Director

    • Tenure: 1.0yrs
  • Terence Peh (44yo)

    Executive Vice Chairman

    • Tenure: 5.7yrs
  • Eldon Wan (46yo)

    Executive Director

    • Tenure: 1.0yrs
  • Steven Lo (48yo)

    Non-Executive Independent Director

    • Tenure: 7.3yrs

Company Information

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


Key Information

  • Name: PCI Limited
  • Ticker: P19
  • Exchange: SGX
  • Founded: 1972
  • Industry: electronic components
  • Sector: tech
  • Market Cap: S$262.811m
  • Shares outstanding: 199.10m
  • Website: Click here

Location

  • PCI Limited
  • 35 Pioneer Road North
  • Singapore
  • 628475
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
P19SGX (Singapore Exchange)YesOrdinary SharesSGSGDAug 1992

Biography

PCI Limited, an investment holding company, provides electronics manufacturing services in the United States, the Republic of Ireland, the People’s Republic of China, Germany, ASEAN, and internationally. I ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/04/30 12:40
End of Day Share Price2019/04/24 00:00
Earnings2018/12/31
Annual Earnings2018/06/30


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.