Financials Wing Tai Holdings Limited

Equities

W05

SG1K66001688

Real Estate Development & Operations

Market Closed - Singapore S.E. 05:06:07 2024-04-26 am EDT 5-day change 1st Jan Change
1.46 SGD -1.35% Intraday chart for Wing Tai Holdings Limited +0.69% +13.18%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 1,537 1,589 1,377 1,385 1,324 1,117
Enterprise Value (EV) 1 1,499 1,995 1,574 1,311 1,408 1,393
P/E ratio 7.27 x 39.9 x 445 x 45.2 x 10.5 x 171 x
Yield 1.51% 1.45% 1.68% 1.67% 1.72% 2.04%
Capitalization / Revenue 4.12 x 4.93 x 3.71 x 3 x 2.57 x 2.35 x
EV / Revenue 4.02 x 6.18 x 4.24 x 2.84 x 2.74 x 2.93 x
EV / EBITDA 42.8 x 191 x 23.9 x 19.2 x 22.9 x 45.8 x
EV / FCF 5.26 x -3.92 x 14.9 x 8.01 x 7.67 x -6.28 x
FCF Yield 19% -25.5% 6.71% 12.5% 13% -15.9%
Price to Book 0.46 x 0.49 x 0.43 x 0.43 x 0.4 x 0.36 x
Nbr of stocks (in thousands) 772,196 767,725 769,062 769,383 760,842 759,966
Reference price 2 1.990 2.070 1.790 1.800 1.740 1.470
Announcement Date 10/9/18 10/2/19 10/5/20 10/3/21 10/3/22 9/28/23
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 373.2 322.6 371 461.4 514.6 476.3
EBITDA 1 35.04 10.45 65.72 68.41 61.36 30.4
EBIT 1 27.47 2.389 58.47 62.96 56.63 26.57
Operating Margin 7.36% 0.74% 15.76% 13.64% 11.01% 5.58%
Earnings before Tax (EBT) 1 239.4 46.28 26.83 75.26 149.1 -10.74
Net income 1 218.8 46.77 15.97 43.57 140.2 13.31
Net margin 58.62% 14.5% 4.3% 9.44% 27.24% 2.79%
EPS 2 0.2736 0.0519 0.004024 0.0398 0.1662 0.008599
Free Cash Flow 1 284.7 -508.7 105.6 163.7 183.6 -221.7
FCF margin 76.29% -157.69% 28.45% 35.47% 35.67% -46.55%
FCF Conversion (EBITDA) 812.68% - 160.63% 239.25% 299.14% -
FCF Conversion (Net income) 130.13% - 660.94% 375.67% 130.96% -
Dividend per Share 2 0.0300 0.0300 0.0300 0.0300 0.0300 0.0300
Announcement Date 10/9/18 10/2/19 10/5/20 10/3/21 10/3/22 9/28/23
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 - 405 197 - 84 276
Net Cash position 1 37.9 - - 73.5 - -
Leverage (Debt/EBITDA) - 38.79 x 3 x - 1.369 x 9.078 x
Free Cash Flow 1 285 -509 106 164 184 -222
ROE (net income / shareholders' equity) 6.35% 1.38% 0.44% 1.18% 4.07% 0.33%
ROA (Net income/ Total Assets) 0.38% 0.03% 0.81% 0.86% 0.81% 0.39%
Assets 1 58,285 138,786 1,969 5,062 17,334 3,371
Book Value Per Share 2 4.310 4.190 4.180 4.140 4.320 4.130
Cash Flow per Share 2 1.030 0.2800 0.7900 1.000 0.6800 0.5300
Capex 1 9.44 9.51 3.05 3.79 5.86 4.83
Capex / Sales 2.53% 2.95% 0.82% 0.82% 1.14% 1.01%
Announcement Date 10/9/18 10/2/19 10/5/20 10/3/21 10/3/22 9/28/23
1SGD in Million2SGD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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