Financials Willas-Array Electronics (Holdings) Limited

Equities

BDR

BMG9643L1349

Electronic Equipment & Parts

Market Closed - Singapore S.E. 05:12:24 2024-07-12 am EDT 5-day change 1st Jan Change
0.55 SGD +12.24% Intraday chart for Willas-Array Electronics (Holdings) Limited +8.91% +83.33%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Capitalization 1 266.2 129.2 275.2 342 291.9 259.8
Enterprise Value (EV) 1 990.3 547.4 563.8 639.5 843.8 757.6
P/E ratio -14 x -1.78 x 2.98 x 4.2 x 107 x -1.54 x
Yield 6.4% - 10.2% 8.28% - -
Capitalization / Revenue 0.07 x 0.04 x 0.08 x 0.1 x 0.09 x 0.1 x
EV / Revenue 0.27 x 0.17 x 0.16 x 0.19 x 0.27 x 0.28 x
EV / EBITDA 14.4 x -25.5 x 4.94 x 4.72 x 10.2 x -8.6 x
EV / FCF 17.7 x 1.43 x 5.99 x -217 x -5.4 x 5.67 x
FCF Yield 5.64% 70% 16.7% -0.46% -18.5% 17.6%
Price to Book 0.4 x 0.23 x 0.4 x 0.44 x 0.42 x 0.52 x
Nbr of stocks (in thousands) 85,207 85,207 85,207 85,777 87,622 87,622
Reference price 2 3.124 1.517 3.230 3.987 3.332 2.965
Announcement Date 6/24/19 6/24/20 6/25/21 7/28/22 6/30/23 7/5/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net sales 1 3,688 3,175 3,558 3,426 3,135 2,665
EBITDA 1 68.87 -21.48 114.1 135.6 82.45 -88.12
EBIT 1 55.51 -35.61 100.1 121.5 67.48 -102.8
Operating Margin 1.51% -1.12% 2.81% 3.55% 2.15% -3.86%
Earnings before Tax (EBT) 1 -17.48 -71.83 106.3 108.1 4.343 -170
Net income 1 -18.96 -72.55 92.48 82.19 2.716 -169.2
Net margin -0.51% -2.28% 2.6% 2.4% 0.09% -6.35%
EPS 2 -0.2236 -0.8515 1.085 0.9502 0.0310 -1.931
Free Cash Flow 1 55.82 383.1 94.11 -2.941 -156.1 133.6
FCF margin 1.51% 12.07% 2.65% -0.09% -4.98% 5.01%
FCF Conversion (EBITDA) 81.05% - 82.47% - - -
FCF Conversion (Net income) - - 101.76% - - -
Dividend per Share 2 0.2000 - 0.3300 0.3300 - -
Announcement Date 6/24/19 6/24/20 6/25/21 7/28/22 6/30/23 7/5/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net Debt 1 724 418 289 297 552 498
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 10.51 x -19.46 x 2.529 x 2.194 x 6.693 x -5.649 x
Free Cash Flow 1 55.8 383 94.1 -2.94 -156 134
ROE (net income / shareholders' equity) -2.74% -11.7% 14.7% 11.3% 0.37% -28.4%
ROA (Net income/ Total Assets) 1.6% -1.2% 3.83% 4.31% 2.16% -3.3%
Assets 1 -1,187 6,047 2,415 1,907 125.6 5,121
Book Value Per Share 2 7.870 6.700 8.060 8.980 7.880 5.730
Cash Flow per Share 2 3.490 3.110 2.550 3.820 3.620 0.7900
Capex 1 26.7 1.32 1.5 4.04 4.91 5.12
Capex / Sales 0.72% 0.04% 0.04% 0.12% 0.16% 0.19%
Announcement Date 6/24/19 6/24/20 6/25/21 7/28/22 6/30/23 7/5/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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