Financials Wong Fong Industries Limited

Equities

1A1

SG1DA6000004

Industrial Machinery & Equipment

Market Closed - Singapore S.E. 09:29:48 2024-05-02 pm EDT 5-day change 1st Jan Change
0.14 SGD +1.45% Intraday chart for Wong Fong Industries Limited -.--% -10.26%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 38.78 35.25 35.25 35.96 30.08 36.66
Enterprise Value (EV) 1 19.88 21.89 22.16 22.38 28.4 32.28
P/E ratio 17.2 x 15.6 x 17 x 10.8 x 13.7 x 9.95 x
Yield 2.3% 3.47% 2.87% 5.23% 4.69% 3.85%
Capitalization / Revenue 0.69 x 0.65 x 0.72 x 0.55 x 0.4 x 0.47 x
EV / Revenue 0.35 x 0.4 x 0.45 x 0.34 x 0.38 x 0.41 x
EV / EBITDA 3.41 x 3.91 x 11.9 x 4.9 x 4.27 x 4.52 x
EV / FCF 19.6 x 5.74 x 8.47 x 10.1 x -7.67 x 5.63 x
FCF Yield 5.1% 17.4% 11.8% 9.88% -13% 17.8%
Price to Book 0.78 x 0.7 x 0.69 x 0.68 x 0.56 x 0.66 x
Nbr of stocks (in thousands) 235,000 235,000 235,000 235,000 235,000 235,000
Reference price 2 0.1650 0.1500 0.1500 0.1530 0.1280 0.1560
Announcement Date 4/11/19 4/14/20 4/13/21 4/11/22 4/12/23 4/10/24
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 56.45 54.54 49.28 65.11 75.3 77.96
EBITDA 1 5.83 5.592 1.867 4.563 6.645 7.147
EBIT 1 3.554 3.376 -0.395 2.382 4.018 4.376
Operating Margin 6.3% 6.19% -0.8% 3.66% 5.34% 5.61%
Earnings before Tax (EBT) 1 3.225 2.841 2.786 4.111 2.777 4.957
Net income 1 2.26 2.267 2.073 3.326 2.188 3.684
Net margin 4% 4.16% 4.21% 5.11% 2.91% 4.73%
EPS 2 0.009618 0.009646 0.008821 0.0142 0.009310 0.0157
Free Cash Flow 1 1.014 3.812 2.616 2.211 -3.703 5.738
FCF margin 1.8% 6.99% 5.31% 3.4% -4.92% 7.36%
FCF Conversion (EBITDA) 17.39% 68.16% 140.12% 48.46% - 80.29%
FCF Conversion (Net income) 44.86% 168.13% 126.2% 66.49% - 155.76%
Dividend per Share 2 0.003800 0.005200 0.004300 0.008000 0.006000 0.006000
Announcement Date 4/11/19 4/14/20 4/13/21 4/11/22 4/12/23 4/10/24
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 18.9 13.4 13.1 13.6 1.68 4.38
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 1.01 3.81 2.62 2.21 -3.7 5.74
ROE (net income / shareholders' equity) 5.49% 4.43% 4.75% 6.86% 3.54% 7.65%
ROA (Net income/ Total Assets) 2.99% 2.7% -0.3% 1.75% 2.84% 3.14%
Assets 1 75.71 83.88 -702.2 189.9 77.16 117.5
Book Value Per Share 2 0.2100 0.2100 0.2200 0.2300 0.2300 0.2300
Cash Flow per Share 2 0.1000 0.1100 0.1100 0.1000 0.0700 0.0700
Capex 1 0.61 1.2 0.45 1.79 3.72 2.24
Capex / Sales 1.08% 2.2% 0.9% 2.74% 4.95% 2.88%
Announcement Date 4/11/19 4/14/20 4/13/21 4/11/22 4/12/23 4/10/24
1SGD in Million2SGD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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