Executive Summary
Venture Corporation Limited provides technology solutions, products, and services in Singapore, other countries in the Asia Pacific, and internationally.
Rewards
Risk Analysis
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.5%
V03
0.5%
SG Electronic
0.4%
SG Market
1 Year Return
5.9%
V03
9.2%
SG Electronic
2.3%
SG Market
Return vs Industry: V03 underperformed the SG Electronic industry which returned 9.2% over the past year.
Return vs Market: V03 exceeded the SG Market which returned 2.3% over the past year.
Shareholder returns
| V03 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | 0.5% | 0.4% |
| 30 Day | 0.8% | 2.7% | -0.9% |
| 90 Day | -0.3% | 4.5% | 0.05% |
| 1 Year | 10.7%5.9% | 15.2%9.2% | 6.5%2.3% |
| 3 Year | 80.1%59.2% | 65.3%43.2% | 15.9%3.5% |
| 5 Year | 163.6%106.0% | 73.6%40.0% | 14.7%-4.6% |
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
4 days ago | Simply Wall St
Can We See Significant Insider Ownership On The Venture Corporation Limited (SGX:V03) Share Register?2 weeks ago | Simply Wall St
Do You Know What Venture Corporation Limited's (SGX:V03) P/E Ratio Means?1 month ago | Simply Wall St
Here's What We Think About Venture Corporation Limited's (SGX:V03) CEO PayValuation
Is Venture undervalued compared to its fair value and its price relative to the market?
24.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: V03 (SGD15.76) is trading below our estimate of fair value (SGD20.85)
Significantly Below Fair Value: V03 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: V03 is poor value based on its PE Ratio (12.1x) compared to the Electronic industry average (11.8x).
PE vs Market: V03 is good value based on its PE Ratio (12.1x) compared to the SG market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: V03 is poor value based on its PEG Ratio (3.1x)
Price to Book Ratio
PB vs Industry: V03 is overvalued based on its PB Ratio (1.9x) compared to the SG Electronic industry average (0.8x).
Next Steps
Future Growth
How is Venture forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
3.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: V03's forecast earnings growth (3.9% per year) is above the savings rate (1.8%).
Earnings vs Market: V03's earnings (3.9% per year) are forecast to grow slower than the SG market (6.6% per year).
High Growth Earnings: V03's earnings are forecast to grow, but not significantly.
Revenue vs Market: V03's revenue (3.6% per year) is forecast to grow slower than the SG market (5.5% per year).
High Growth Revenue: V03's revenue (3.6% 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?
31.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: V03 has high quality earnings.
Growing Profit Margin: V03's current net profit margins (10.4%) are lower than last year (11.1%).
Past Earnings Growth Analysis
Earnings Trend: V03's earnings have grown significantly by 31.4% 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 (-7.6%) over the past year, making it difficult to compare to the Electronic industry average (-1.2%).
Return on Equity
High ROE: V03's Return on Equity (15.4%) is considered low.
Return on Assets
Return on Capital Employed
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 (SGD836.9M).
Long Term Liabilities: V03's short term assets (SGD2.3B) exceed its long term liabilities (SGD21.2M).
Debt to Equity History and Analysis
Debt Level: V03's debt to equity ratio (0.05%) is considered satisfactory.
Reducing Debt: V03's debt to equity ratio has reduced from 9.3% to 0.05% over the past 5 years.
Debt Coverage: V03's debt is well covered by operating cash flow (27304.5%).
Interest Coverage: V03 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: V03 has a high level of physical assets or inventory.
Debt Coverage by Assets: V03's debt is covered by short term assets (assets are 1866.2x debt).
Next Steps
Dividend
What is Venture's current dividend yield, its reliability and sustainability?
4.44%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: V03's dividend (4.44%) is higher than the bottom 25% of dividend payers in the SG market (2.54%).
High Dividend: V03's dividend (4.44%) is low compared to the top 25% of dividend payers in the SG market (5.47%).
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 (53.8%), 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 (55.3% payout ratio).
Next Steps
Management
What is the CEO of Venture's salary, the management and board of directors tenure and is there insider trading?
4.8yrs
Average management tenure
CEO
Ngit Wong (78yo)
0yrs
Tenure
S$8,913,100
Compensation
Mr. Ngit Liong Wong has been the Chairman and Chief Executive Officer of Venture Group of Companies since 1986. Mr. Wong serves as the Chief Executive Officer of Venture Corporation Limited. He serves as C ...
CEO Compensation Analysis
Compensation vs Market: Ngit's total compensation ($USD6.56M) is above average for companies of similar size in the SG market ($USD1.57M).
Compensation vs Earnings: Ngit's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.8yrs
Average Tenure
Experienced Management: V03's management team is considered experienced (4.8 years average tenure).
Board Age and Tenure
5.3yrs
Average Tenure
71yo
Average Age
Experienced Board: V03's board of directors are considered experienced (5.3 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 95,000 |
| Max Price | S$15.38 |
| Entity | Company |
| Shares | 2,900 |
| Max Price | S$16.06 |
| Entity | Company |
| Shares | 333,500 |
| Max Price | S$14.64 |
| Entity | Company |
| Shares | 182,900 |
| Max Price | S$15.83 |
| Entity | Company |
| Shares | 100 |
| Max Price | S$15.77 |
| Entity | Company |
| Shares | 219,100 |
| Max Price | S$19.09 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Ngit Wong (78yo)
Chairman & CEO
- Tenure: 0yrs
- Compensation: S$8.91m
Ghai Lee
Executive Vice President of Technology Products & Solutions
- Tenure: 7.9yrs
Chin Tong Wong
Chief Marketing Officer of USA Sales & Marketing
- Tenure: 0yrs
Devika Davar
Company Secretary
- Tenure: 0.8yrs
Dharma Nadarajah
Executive Vice President of Advanced Manufacturing & Design Solutions
- Tenure: 0yrs
Chee Ng (49yo)
Chief Financial Officer
- Tenure: 4.8yrs
Sita Lim
Chief Human Resource Officer
- Tenure: 0yrs
Chee Wong
VP of Design Services
- Tenure: 0yrs
Karin Xiao
Senior Manager
- Tenure: 0yrs
Board Members
Jon Huberman (54yo)
Independent Non-Executive Director
- Tenure: 4.9yrs
- Compensation: S$110.00k
Ngit Wong (78yo)
Chairman & CEO
- Tenure: 0yrs
- Compensation: S$8.91m
Kay Kuok (73yo)
Independent Non-Executive Director
- Tenure: 1.9yrs
- Compensation: S$60.00k
Lee Koh
Lead Independent Director
- Tenure: 5.7yrs
- Compensation: S$140.00k
Goh Goon (77yo)
Independent Non-Executive Director
- Tenure: 15.8yrs
- Compensation: S$145.00k
Yew Wong (69yo)
Independent Non-Executive Director
- Tenure: 10.3yrs
- Compensation: S$135.00k
Thong Han (57yo)
Independent Non Executive Director
- Tenure: 3.9yrs
- Compensation: S$110.00k
Seok Hoong Tan
Independent Non-Executive Director
- Tenure: 1.1yrs
- Compensation: S$10.00k
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$4.503b
- Shares outstanding: 288.44m
- 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, other countries in the Asia Pacific, and internationally. The company operates through Advanced Manufacturing ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/11 12:34 |
| End of Day Share Price | 2019/12/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.