Executive Summary
Venture Corporation Limited provides technology solutions, products, and services in Singapore and internationally. More Details
Snowflake Analysis
Flawless balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Venture's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: V03 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: V03's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-0.5%
V03
-0.5%
SG Electronic
1.2%
SG Market
1 Year Return
13.4%
V03
20.5%
SG Electronic
-1.6%
SG Market
Return vs Industry: V03 underperformed the SG Electronic industry which returned 19.9% over the past year.
Return vs Market: V03 exceeded the SG Market which returned -3.4% over the past year.
Shareholder returns
| V03 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | -0.5% | 1.2% |
| 30 Day | -5.4% | -3.5% | 1.5% |
| 90 Day | 1.0% | 3.4% | 6.1% |
| 1 Year | 18.3%13.4% | 25.4%20.5% | 3.6%-1.6% |
| 3 Year | -20.5%-30.0% | -19.9%-29.9% | -7.2%-18.6% |
| 5 Year | 193.4%133.5% | 131.4%83.0% | 17.2%-4.3% |
Long-Term Price Volatility Vs. Market
How volatile is Venture's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What We Make Of Venture's (SGX:V03) Returns On Capital1 month ago | Simply Wall St
Venture Corporation Limited's (SGX:V03) Stock Has Fared Decently: Is the Market Following Strong Financials?1 month ago | Simply Wall St
Shareholders Of Venture (SGX:V03) Must Be Happy With Their 222% Total ReturnValuation
Is Venture undervalued compared to its fair value and its price relative to the market?
18.58x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: V03 (SGD19.1) is trading above our estimate of fair value (SGD18.5)
Significantly Below Fair Value: V03 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: V03 is poor value based on its PE Ratio (18.6x) compared to the SG Electronic industry average (14.7x).
PE vs Market: V03 is poor value based on its PE Ratio (18.6x) compared to the SG market (14.2x).
Price to Earnings Growth Ratio
PEG Ratio: V03 is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: V03 is overvalued based on its PB Ratio (2.1x) compared to the SG Electronic industry average (0.9x).
Next Steps
Future Growth
How is Venture forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
11.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: V03's forecast earnings growth (11% per year) is above the savings rate (2%).
Earnings vs Market: V03's earnings (11% per year) are forecast to grow slower than the SG market (25.6% per year).
High Growth Earnings: V03's earnings are forecast to grow, but not significantly.
Revenue vs Market: V03's revenue (8.5% per year) is forecast to grow slower than the SG market (9.1% per year).
High Growth Revenue: V03's revenue (8.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: V03's Return on Equity is forecast to be low in 3 years time (14%).
Next Steps
Past Performance
How has Venture performed over the past 5 years?
13.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: V03 has high quality earnings.
Growing Profit Margin: V03's current net profit margins (9.9%) are lower than last year (10%).
Past Earnings Growth Analysis
Earnings Trend: V03's earnings have grown by 13.9% per year over the past 5 years.
Accelerating Growth: V03's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: V03 had negative earnings growth (-18%) over the past year, making it difficult to compare to the Electronic industry average (-17%).
Return on Equity
High ROE: V03's Return on Equity (11.5%) is considered low.
Next Steps
Financial Health
How is Venture's financial position?
Financial Position Analysis
Short Term Liabilities: V03's short term assets (SGD2.3B) exceed its short term liabilities (SGD636.2M).
Long Term Liabilities: V03's short term assets (SGD2.3B) exceed its long term liabilities (SGD14.2M).
Debt to Equity History and Analysis
Debt Level: V03 is debt free.
Reducing Debt: V03 has no debt compared to 5 years ago when its debt to equity ratio was 7.1%.
Debt Coverage: V03 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: V03 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Venture current dividend yield, its reliability and sustainability?
3.93%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: V03's dividend (3.93%) is higher than the bottom 25% of dividend payers in the SG market (1.97%).
High Dividend: V03's dividend (3.93%) is low compared to the top 25% of dividend payers in the SG market (4.77%).
Stability and Growth of Payments
Stable Dividend: V03's dividend payments have been volatile in the past 10 years.
Growing Dividend: V03's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (73%), V03's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: V03's dividends in 3 years are forecast to be covered by earnings (54.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.0yrs
Average management tenure
CEO
Ngit Liong Wong (79 yo)
no data
Tenure
S$8,693,688
Compensation
Mr. Ngit Liong Wong has been the Chairman and Chief Executive Officer of Venture Group of Companies since 1986. Mr. Wong serves as the Chief Executive Officer of Venture Corporation Limited. He serves as C...
CEO Compensation Analysis
Compensation vs Market: Ngit Liong's total compensation ($USD6.53M) is above average for companies of similar size in the SG market ($USD1.99M).
Compensation vs Earnings: Ngit Liong's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | no data | S$8.69m | 7.01% SGD 388.3m | |
| Chief Financial Officer | 6.08yrs | no data | no data | |
| Chief Operating Officer | 0.17yr | no data | 0.0086% SGD 477.7k | |
| Senior Manager | no data | no data | no data | |
| Chief Human Resource Officer | no data | no data | no data | |
| Chief Marketing Officer of USA Sales & Marketing | no data | no data | no data | |
| Executive Vice President of Advanced Manufacturing & Design Solutions | no data | no data | no data | |
| Senior VP Healthcare & Wellness | no data | no data | no data | |
| Company Secretary | 2yrs | no data | no data |
2.0yrs
Average Tenure
Experienced Management: V03's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | no data | S$8.69m | 7.01% SGD 388.3m | |
| Independent Non-Executive Director | 6.17yrs | S$110.00k | no data | |
| Independent Non-Executive Director | 3.17yrs | S$82.97k | no data | |
| Lead Independent Director | 6.92yrs | S$140.00k | 0.0010% SGD 57.1k | |
| Independent Non-Executive Director | 17.08yrs | S$145.00k | 0.0017% SGD 95.3k | |
| Independent Non-Executive Director | 11.5yrs | S$135.00k | no data | |
| Independent Non-Executive Director | 5.17yrs | S$110.00k | no data | |
| Independent Non-Executive Director | 2.33yrs | S$101.92k | 0.0010% SGD 57.1k | |
| Independent Non-Executive Director | 0.42yr | no data | no data |
6.2yrs
Average Tenure
70yo
Average Age
Experienced Board: V03's board of directors are considered experienced (6.2 years average tenure).
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
Venture Corporation Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Venture Corporation Limited
- Ticker: V03
- Exchange: SGX
- Founded: 1984
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: S$5.542b
- Shares outstanding: 290.14m
- Website: https://www.venture.com.sg
Number of Employees
Location
- Venture Corporation Limited
- 5006 Ang Mo Kio Avenue 5
- No. 05-01/12 TECHplace II
- Singapore
- 569873
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VEML.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Nov 1992 |
| V03 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Nov 1992 |
| VEM | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Nov 1992 |
| VEML.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Jan 2009 |
Biography
Venture Corporation Limited provides technology solutions, products, and services in Singapore and internationally. The company operates through Advanced Manufacturing & Design Solutions, and Technology Pr...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/06 11:04 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.