Financials Choo Chiang Holdings Ltd.

Equities

42E

SG1BE5000001

Electrical Components & Equipment

Market Closed - Singapore S.E. 09:28:31 2024-05-02 pm EDT 5-day change 1st Jan Change
0.36 SGD -2.70% Intraday chart for Choo Chiang Holdings Ltd. -5.26% -5.26%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 58.24 52 46.77 60.25 70.6 78.91
Enterprise Value (EV) 1 44.95 39.73 34.36 41.93 49.01 50.23
P/E ratio 12 x 10.3 x 15.8 x 7.04 x 7.83 x 7.49 x
Yield 2.86% 4% 4% 6.9% 6.47% 6.84%
Capitalization / Revenue 0.91 x 0.81 x 0.89 x 0.76 x 0.81 x 0.87 x
EV / Revenue 0.7 x 0.62 x 0.65 x 0.53 x 0.56 x 0.55 x
EV / EBITDA 6.72 x 5.62 x 7.95 x 3.74 x 4.26 x 3.9 x
EV / FCF 10.4 x 9.1 x 47.3 x 5.64 x 8.4 x 4.94 x
FCF Yield 9.61% 11% 2.11% 17.7% 11.9% 20.3%
Price to Book 1.29 x 1.11 x 0.98 x 1.13 x 1.23 x 1.25 x
Nbr of stocks (in thousands) 208,000 208,000 207,873 207,742 207,657 207,657
Reference price 2 0.2800 0.2500 0.2250 0.2900 0.3400 0.3800
Announcement Date 4/8/19 4/9/20 4/13/21 2/23/22 4/10/23 4/8/24
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 64.06 63.84 52.71 79.38 87.59 91.01
EBITDA 1 6.69 7.068 4.323 11.23 11.49 12.87
EBIT 1 5.626 6.079 3.336 10.32 10.65 12.11
Operating Margin 8.78% 9.52% 6.33% 13% 12.16% 13.31%
Earnings before Tax (EBT) 1 5.774 6.139 3.64 10.39 10.91 12.85
Net income 1 4.845 5.048 2.956 8.568 9.018 10.54
Net margin 7.56% 7.91% 5.61% 10.79% 10.3% 11.58%
EPS 2 0.0233 0.0243 0.0142 0.0412 0.0434 0.0508
Free Cash Flow 1 4.318 4.367 0.7259 7.44 5.837 10.17
FCF margin 6.74% 6.84% 1.38% 9.37% 6.66% 11.18%
FCF Conversion (EBITDA) 64.54% 61.78% 16.79% 66.28% 50.79% 79.03%
FCF Conversion (Net income) 89.12% 86.5% 24.56% 86.84% 64.72% 96.51%
Dividend per Share 2 0.008000 0.0100 0.009000 0.0200 0.0220 0.0260
Announcement Date 4/8/19 4/9/20 4/13/21 2/23/22 4/10/23 4/8/24
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 13.3 12.3 12.4 18.3 21.6 28.7
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 4.32 4.37 0.73 7.44 5.84 10.2
ROE (net income / shareholders' equity) 11.1% 11% 6.27% 17% 16.3% 17.4%
ROA (Net income/ Total Assets) 6.26% 6.43% 3.39% 9.81% 9.19% 9.65%
Assets 1 77.41 78.51 87.23 87.35 98.1 109.2
Book Value Per Share 2 0.2200 0.2200 0.2300 0.2600 0.2800 0.3000
Cash Flow per Share 2 0.0700 0.0700 0.0700 0.1000 0.1100 0.1500
Capex 1 0.96 1.82 0.09 0.04 0.49 0.12
Capex / Sales 1.49% 2.86% 0.17% 0.05% 0.56% 0.13%
Announcement Date 4/8/19 4/9/20 4/13/21 2/23/22 4/10/23 4/8/24
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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