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Wing Tai Holdings

BST:WT4
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WT4
BST
SGD1B
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

Wing Tai Holdings Limited, an investment holding company, engages in property development, property investment, and retailing businesses in Singapore, Malaysia, Australia, Japan, and the People's Republic of China. The last earnings update was 25 days ago. More info.


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WT4 Share Price and Events
7 Day Returns
-2.3%
BST:WT4
0.9%
DE Real Estate
0%
DE Market
1 Year Returns
5.9%
BST:WT4
-1.1%
DE Real Estate
9.9%
DE Market
WT4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wing Tai Holdings (WT4) -2.3% -4.6% -4.5% 5.9% 22.9% 26.5%
DE Real Estate 0.9% -1.1% 4.1% -1.1% 39.2% 87.2%
DE Market 0% 4.4% 13.6% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • WT4 outperformed the Real Estate industry which returned -1.1% over the past year.
  • WT4 underperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
WT4
Industry
5yr Volatility vs Market

Value

 Is Wing Tai Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Wing Tai Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Wing Tai Holdings.

BST:WT4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in SGD SGD 0.06
Payout Ratio Company Filings (2019-09-30) 6232.9%
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:WT4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.051 (1 + (1- 17%) (42.1%))
1.365
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.365 * 5.96%)
8.36%

Discounted Cash Flow Calculation for BST:WT4 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Wing Tai Holdings is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BST:WT4 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= SGD0.06 / (8.36% - 0.23%)
SGD0.31
BST:WT4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:WT4 represents 0.64433x of SGX:W05
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.64433x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SGD) x Listing Adjustment Factor
= SGD 0.74 x 0.64433
€0.48
Value per share (EUR) From above. €0.48
Current discount Discount to share price of €1.25
= -1 x (€1.25 - €0.48) / €0.48
-163.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Wing Tai Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Wing Tai Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wing Tai Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:WT4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SGD SGD0.05
SGX:W05 Share Price ** SGX (2019-11-15) in SGD SGD1.94
Germany Real Estate Industry PE Ratio Median Figure of 35 Publicly-Listed Real Estate Companies 12.72x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 19.5x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Wing Tai Holdings.

BST:WT4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:W05 Share Price ÷ EPS (both in SGD)

= 1.94 ÷ 0.05

37.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wing Tai Holdings is overvalued based on earnings compared to the DE Real Estate industry average.
  • Wing Tai Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Wing Tai Holdings's expected growth come at a high price?
Raw Data
BST:WT4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
33.9%per year
Germany Real Estate Industry PEG Ratio Median Figure of 19 Publicly-Listed Real Estate Companies 0.62x
Germany Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Wing Tai Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wing Tai Holdings's assets?
Raw Data
BST:WT4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SGD SGD4.59
SGX:W05 Share Price * SGX (2019-11-15) in SGD SGD1.94
Germany Real Estate Industry PB Ratio Median Figure of 43 Publicly-Listed Real Estate Companies 1.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.86x
BST:WT4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:W05 Share Price ÷ Book Value per Share (both in SGD)

= 1.94 ÷ 4.59

0.42x

* Primary Listing of Wing Tai Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wing Tai Holdings is good value based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess Wing Tai Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Wing Tai Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Wing Tai Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Wing Tai Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wing Tai Holdings expected to grow at an attractive rate?
  • Wing Tai Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Wing Tai Holdings's earnings growth is expected to exceed the Germany market average.
  • Wing Tai Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:WT4 Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:WT4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 33.9%
BST:WT4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 14%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -8%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:WT4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:WT4 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 417 1
2020-06-30 380 1
2019-11-17
BST:WT4 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-09-30 324 -479 45
2019-06-30 323 -460 40
2019-03-31 366 109 157
2018-12-31 373 165 216
2018-09-30 366 153 205
2018-06-30 360 105 219
2018-03-31 312 128 95
2017-12-31 313 80 35
2017-09-30 265 154 34
2017-06-30 263 139 20
2017-03-31 345 50 13
2016-12-31 385 50 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wing Tai Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Wing Tai Holdings's revenue is expected to grow by 14% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:WT4 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Wing Tai Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:WT4 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30
2020-06-30
2019-11-17
BST:WT4 Past Financials Data
Date (Data in SGD Millions) EPS *
2019-09-30 0.05
2019-06-30 0.05
2019-03-31 0.21
2018-12-31 0.28
2018-09-30 0.27
2018-06-30 0.28
2018-03-31 0.12
2017-12-31 0.05
2017-09-30 0.04
2017-06-30 0.03
2017-03-31 0.02
2016-12-31 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Wing Tai Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Wing Tai Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Wing Tai Holdings has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Wing Tai Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Wing Tai Holdings's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Wing Tai Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Wing Tai Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Wing Tai Holdings's 1-year earnings growth is negative, it can't be compared to the DE Real Estate industry average.
Earnings and Revenue History
Wing Tai Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Wing Tai Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:WT4 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 324.02 44.59 151.12
2019-06-30 322.62 39.95 150.31
2019-03-31 366.50 157.33 151.96
2018-12-31 373.33 216.21 148.83
2018-09-30 366.13 205.19 149.63
2018-06-30 360.43 219.05 152.08
2018-03-31 311.81 94.98 177.30
2017-12-31 313.15 34.91 184.44
2017-09-30 265.22 33.54 184.30
2017-06-30 263.20 20.07 181.77
2017-03-31 345.25 12.50 155.41
2016-12-31 384.76 7.16 164.03
2016-09-30 444.47 6.11 168.27
2016-06-30 544.53 7.08 177.34
2016-03-31 619.74 121.14 192.86
2015-12-31 680.91 121.93 192.57
2015-09-30 686.88 128.17 194.32
2015-06-30 676.72 150.30 197.90
2015-03-31 640.59 177.44 203.23
2014-12-31 619.68 212.93 195.63
2014-09-30 740.65 254.05 194.27
2014-06-30 803.39 254.39 199.12
2014-03-31 931.42 387.15 188.76
2013-12-31 1,233.98 443.34 194.88
2013-09-30 1,308.22 483.57 198.20
2013-06-30 1,332.50 531.13 188.84
2013-03-31 1,226.92 416.03 166.09
2012-12-31 899.21 363.82 162.55

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Wing Tai Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wing Tai Holdings used its assets less efficiently than the DE Real Estate industry average last year based on Return on Assets.
  • Wing Tai Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wing Tai Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Wing Tai Holdings has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Wing Tai Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Wing Tai Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wing Tai Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wing Tai Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wing Tai Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Wing Tai Holdings Company Filings, last reported 1 month ago.

BST:WT4 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 3,603.21 628.16 211.87
2019-06-30 3,582.64 627.13 221.64
2019-03-31 3,458.68 630.19 639.83
2018-12-31 3,476.65 781.08 831.72
2018-09-30 3,531.12 780.65 855.89
2018-06-30 3,509.26 780.07 817.99
2018-03-31 3,379.48 784.00 835.33
2017-12-31 3,323.49 785.08 839.96
2017-09-30 3,355.00 924.70 1,011.26
2017-06-30 3,415.71 938.61 886.35
2017-03-31 3,314.06 955.87 748.04
2016-12-31 3,373.61 972.08 861.56
2016-09-30 3,340.82 1,131.87 965.74
2016-06-30 3,332.53 1,384.77 728.05
2016-03-31 3,360.33 1,414.81 793.67
2015-12-31 3,376.48 1,146.44 594.44
2015-09-30 3,438.30 1,184.21 889.44
2015-06-30 3,362.20 1,199.25 891.16
2015-03-31 3,283.99 1,472.21 1,120.97
2014-12-31 3,237.71 1,466.16 1,098.82
2014-09-30 3,223.72 1,309.79 860.69
2014-06-30 3,142.81 1,319.72 846.38
2014-03-31 3,010.50 1,270.48 654.48
2013-12-31 2,963.06 1,149.09 663.71
2013-09-30 3,015.06 1,138.89 748.47
2013-06-30 3,027.08 1,459.56 1,035.79
2013-03-31 2,588.45 1,486.54 1,068.78
2012-12-31 2,453.90 1,369.05 980.18
  • Wing Tai Holdings's level of debt (17.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (40.7% vs 17.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 0.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Wing Tai Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Wing Tai Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Wing Tai Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.58%
Current annual income from Wing Tai Holdings dividends. Estimated to be 3.09% next year.
If you bought €2,000 of Wing Tai Holdings shares you are expected to receive €52 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Wing Tai Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Wing Tai Holdings's dividend is below the markets top 25% of dividend payers in Germany (3.66%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:WT4 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:WT4 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.06 1.00
2020-06-30 0.06 2.00
2019-11-17
BST:WT4 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-10-02 0.050 2.470
2018-10-09 0.080 3.977
2017-10-06 0.060 2.824
2017-08-24 0.060 2.803
2016-10-05 0.030 1.654
2015-10-13 0.030 1.762
2015-08-13 0.030 1.776
2014-10-09 0.060 3.304
2014-08-28 0.060 3.312
2013-10-10 0.120 6.235
2012-10-15 0.070 3.550
2012-08-21 0.070 4.364
2011-09-20 0.070 5.754
2011-08-29 0.070 5.300
2010-10-12 0.050 3.186
2010-08-23 0.050 2.926
2009-08-26 0.040 2.307

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Wing Tai Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Wing Tai Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Wing Tai Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wing Tai Holdings has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Wing Tai Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Wai Keung Cheng
AGE 69
TENURE AS CEO 34.8 years
CEO Bio

Mr. Wai Keung Cheng has been the Managing Director of Wing Tai Holdings Limited since 1985. Mr. Cheng served as the Managing Director of Wing Tai Malaysia Berhad since September 20, 1975. He has been Chairman of the Board at Wing Tai Malaysia Berhad since December 2, 1994. He served as the Chairman of Neptune Orient Lines Ltd. until April 2012 and Raffles Holdings Limited since April 27, 2001. He served as Chairman at MediaCorp Pte Ltd. from 1999 to 2002. He served as Chairman at Mediacorp TV Singapore Pte Ltd. from 1997 to 2002. He served as Chairman at PowerSeraya Limited from 1995 to 2000. Mr. Cheng served as Vice Chairman of Singapore-Suzhou Township Development Pte Ltd. He served as Deputy Chairman of Temasek Holdings (Private) Limited since November 4, 2013. He served as Deputy Chairman of Raffles Holdings Limited. He has been a Non Independent Executive Director of Wing Tai Malaysia Berhad since April 29, 1974. He has been an Executive Director at Wing Tai Holdings Limited since April 17, 1973. Mr. Cheng serves as Member of APL Logistics including American Eagle Tankers (AET) and APL. He serves as a Director of Singapore Health Services Pte Ltd. and Singbridge Holdings Pte. Ltd. He served as a Member of the Board of Directors at PowerSeraya Limited. He served as a Member of the Board of Directors at MediaCorp Pte Ltd., and Mediacorp TV Singapore Pte Ltd. until 2002. He served as a Director at Neptune Orient Lines Ltd. from May 22, 2002 to April 2014; and Media Asia Entertainment Group Ltd from September 27, 2004 to June 12, 2007. He served as Non-Executive Independent Director at Raffles Holdings Limited since February 13, 2001. Mr. Cheng served as a Non Executive Director of Wing Tai Properties Limited from August 20, 1991 to August 24, 2007; Temasek Holdings (Private) Limited since September 15, 2011; GP Batteries International Ltd. from 1991 to July 29, 2009 and Transpac Industrial Holdings Ltd. since February 17, 1994. He was awarded the Public Service Star (BBM) in 1987 and the Public Service Star (Bar) (BBM-Lintang) in 1997 by the Government of Singapore. He was re-appointed Justice of The Peace (JP) by the President of the Republic of Singapore in 2005. He was in Distinguished Service Order (DUBC) in 2007 and in Justice of the Peace since 2000. Mr. Cheng graduated with a Bachelor of Science degree from Indiana University and holds a Masters in Business Administration from the University of Chicago, US.

CEO Compensation
  • Insufficient data for Wai Keung to compare compensation growth.
  • Insufficient data for Wai Keung to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Wing Tai Holdings management team in years:

25.3
Average Tenure
68
Average Age
  • The average tenure for the Wing Tai Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Hwee Bin Tan

TITLE
Executive Director
AGE
56

James Lee

TITLE
Senior Advisor
AGE
81
TENURE
1.8 yrs

Wai Keung Cheng

TITLE
Chairman & MD
AGE
69
TENURE
34.8 yrs

Edmund Cheng

TITLE
Deputy Chairman & Deputy MD
AGE
67
TENURE
34.8 yrs

Kim Huat Ng

TITLE
Chief Financial Officer

Gabrielle Tan

TITLE
Company Secretary

Karine Lim

TITLE
Group Chief Human Resource Officer
TENURE
15.7 yrs
Board of Directors Tenure

Average tenure and age of the Wing Tai Holdings board of directors in years:

8.5
Average Tenure
67
Average Age
  • The tenure for the Wing Tai Holdings board of directors is about average.
Board of Directors

Hwee Bin Tan

TITLE
Executive Director
AGE
56
TENURE
10.9 yrs

Wai Keung Cheng

TITLE
Chairman & MD
AGE
69
TENURE
24.9 yrs

Edmund Cheng

TITLE
Deputy Chairman & Deputy MD
AGE
67
TENURE
35.8 yrs

Paul Tong

TITLE
Lead Independent Director
AGE
72
TENURE
4.8 yrs

Christopher Lau

TITLE
Independent Non-Executive Director
AGE
71
TENURE
6.1 yrs

Guy Daniel Harvey-Samuel

TITLE
Independent Non-Executive Director
AGE
62
TENURE
1.8 yrs

Man Tak Cheng

TITLE
Non-Executive Director
AGE
59
TENURE
38.5 yrs

Tak Hap Boey

TITLE
Independent Non-Executive Director
AGE
67
TENURE
22.5 yrs

Zulkurnain Bin Hj. Awang

TITLE
Independent Non-Executive Director
AGE
69
TENURE
1.8 yrs

Mildred Tan Sim

TITLE
Independent Non-Executive Director
AGE
61
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
09. Sep 19 Sell FMR LLC Company 02. Sep 19 02. Sep 19 -115,400 €1.35 €-155,684
X
Management checks
We assess Wing Tai Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Wing Tai Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Wing Tai Holdings Limited, an investment holding company, engages in property development, property investment, and retailing businesses in Singapore, Malaysia, Australia, Japan, and the People's Republic of China. The company develops residential and commercial properties; and invests in and manages serviced residences under the Lanson Place brand name, as well as manages a boutique hotel in Hong Kong. It is also involved in the retail of garments; the provision of consultancy and advisory services; and project management and property maintenance activities. As of June 30, 2019, the company operated 243 stores in Singapore and Malaysia. Wing Tai Holdings Limited was founded in 1955 and is based in Singapore.

Details
Name: Wing Tai Holdings Limited
WT4
Exchange: BST
Founded: 1955
SGD992,817,907
769,061,760
Website: http://www.wingtaiasia.com.sg
Address: Wing Tai Holdings Limited
No. 10-01 Winsland House I,
3 Killiney Road,
Singapore,
239519,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX W05 Ordinary Shares Singapore Exchange SG SGD 01. Jan 1992
BST WT4 Ordinary Shares Boerse-Stuttgart DE EUR 01. Jan 1992
Number of employees
Current staff
Staff numbers
0
Wing Tai Holdings employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/17 21:38
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/10/20
Last earnings filing: 2019/10/23
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.