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UMS Holdings

BST:N8U
Snowflake Description

Very undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
N8U
BST
SGD328M
Market Cap
  1. Home
  2. DE
  3. Semiconductors
Company description

UMS Holdings Limited, an investment holding company, provides high precision front-end semiconductor components, and electromechanical assembly and final testing services. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • UMS Holdings has significant price volatility in the past 3 months.
N8U Share Price and Events
7 Day Returns
-2.6%
BST:N8U
-7.2%
DE Semiconductor
-3%
DE Market
1 Year Returns
-21.8%
BST:N8U
-28.9%
DE Semiconductor
-20.6%
DE Market
N8U Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
UMS Holdings (N8U) -2.6% -33.6% -44.9% -21.8% -18.3% 28.8%
DE Semiconductor -7.2% -28% -34.8% -28.9% -26.2% 4.6%
DE Market -3% -19.1% -26.2% -20.6% -25.6% -30.7%
1 Year Return vs Industry and Market
  • N8U outperformed the Semiconductor industry which returned -28.9% over the past year.
  • N8U underperformed the Market in Germany which returned -20.6% over the past year.
Price Volatility
N8U
Industry
5yr Volatility vs Market

N8U Value

 Is UMS 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 UMS 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 UMS Holdings.

BST:N8U Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:N8U
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.24
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.241 (1 + (1- 17%) (5.57%))
1.2
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.2 * 5.44%)
6.14%

Discounted Cash Flow Calculation for BST:N8U using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for UMS Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BST:N8U DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 6.14%)
2020 20.56 Analyst x2 19.37
2021 43.74 Analyst x2 38.83
2022 41.23 Analyst x2 34.48
2023 39.61 Est @ -3.92% 31.21
2024 38.48 Est @ -2.86% 28.57
2025 37.66 Est @ -2.12% 26.34
2026 37.06 Est @ -1.6% 24.42
2027 36.60 Est @ -1.24% 22.72
2028 36.24 Est @ -0.98% 21.20
2029 35.95 Est @ -0.81% 19.81
Present value of next 10 years cash flows SGD266.00
BST:N8U DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SGD35.95 × (1 + -0.39%) ÷ (6.14% – -0.39%)
SGD548.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD548.44 ÷ (1 + 6.14%)10
SGD302.26
BST:N8U Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD266.00 + SGD302.26
SGD568.26
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD568.26 / 533.43
SGD1.07
BST:N8U Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:N8U represents 0.60488x of SGX:558
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.60488x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SGD) x Listing Adjustment Factor
= SGD 1.07 x 0.60488
€0.64
Value per share (EUR) From above. €0.64
Current discount Discount to share price of €0.37
= -1 x (€0.37 - €0.64) / €0.64
42.3%

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

Current Discount
Amount off the current price UMS Holdings is available for.
Intrinsic value
42%
Share price is €0.372 vs Future cash flow value of €0.64438
Current Discount Checks
For UMS Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • UMS Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • UMS Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 UMS Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are UMS Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:N8U PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SGD SGD0.06
SGX:558 Share Price ** SGX (2020-04-03) in SGD SGD0.62
Germany Semiconductor Industry PE Ratio Median Figure of 8 Publicly-Listed Semiconductor Companies 18.86x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

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

** Primary Listing of UMS Holdings.

BST:N8U PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:558 Share Price ÷ EPS (both in SGD)

= 0.62 ÷ 0.06

9.83x

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

  • UMS Holdings is good value based on earnings compared to the DE Semiconductor industry average.
  • UMS Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does UMS Holdings's expected growth come at a high price?
Raw Data
BST:N8U PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
13.1%per year
Germany Semiconductor Industry PEG Ratio Median Figure of 7 Publicly-Listed Semiconductor Companies 1.09x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

BST:N8U PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.83x ÷ 13.1%

0.75x

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

  • UMS Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on UMS Holdings's assets?
Raw Data
BST:N8U PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SGD SGD0.45
SGX:558 Share Price * SGX (2020-04-03) in SGD SGD0.62
Germany Semiconductor Industry PB Ratio Median Figure of 12 Publicly-Listed Semiconductor Companies 1.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
BST:N8U PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:558 Share Price ÷ Book Value per Share (both in SGD)

= 0.62 ÷ 0.45

1.36x

* Primary Listing of UMS Holdings.

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

  • UMS Holdings is good value based on assets compared to the DE Semiconductor industry average.
X
Value checks
We assess UMS 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 Semiconductor 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 Semiconductor industry average (and greater than 0)? (1 check)
  5. UMS Holdings has a total score of 6/6, 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.

N8U Future Performance

 How is UMS Holdings expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
13.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is UMS Holdings expected to grow at an attractive rate?
  • UMS Holdings's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • UMS Holdings's earnings growth is positive but not above the Germany market average.
  • UMS Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:N8U Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:N8U Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 13.1%
BST:N8U Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 7.8%
Germany Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 18.6%
Germany Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:N8U Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:N8U Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 165 46 50 2
2021-12-31 159 45 46 3
2020-12-31 144 29 40 3
2020-04-04
BST:N8U Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-12-31 132 54 34
2019-09-30 117 49 34
2019-06-30 114 46 32
2019-03-31 119 35 39
2018-12-31 128 39 43
2018-09-30 141 37 49
2018-06-30 151 39 55
2018-03-31 158 47 52
2017-12-31 162 40 52
2017-09-30 158 42 42
2017-06-30 145 43 35
2017-03-31 126 36 30

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • UMS Holdings's earnings are expected to grow by 13.1% yearly, however this is not considered high growth (20% yearly).
  • UMS Holdings's revenue is expected to grow by 7.8% 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:N8U Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from UMS Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:N8U Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.09 0.10 0.09 2.00
2021-12-31 0.09 0.09 0.08 3.00
2020-12-31 0.07 0.09 0.07 3.00
2020-04-04
BST:N8U Past Financials Data
Date (Data in SGD Millions) EPS *
2019-12-31 0.06
2019-09-30 0.06
2019-06-30 0.06
2019-03-31 0.07
2018-12-31 0.08
2018-09-30 0.09
2018-06-30 0.10
2018-03-31 0.10
2017-12-31 0.10
2017-09-30 0.08
2017-06-30 0.07
2017-03-31 0.06

*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.
  • UMS Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess UMS 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.
UMS Holdings has a total score of 2/6, 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.

N8U Past Performance

  How has UMS 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 UMS Holdings's growth in the last year to its industry (Semiconductor).
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.
  • UMS Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • UMS Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • UMS Holdings's 1-year earnings growth is negative, it can't be compared to the DE Semiconductor industry average.
Earnings and Revenue History
UMS 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 UMS Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:N8U Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 131.91 33.56 16.16
2019-09-30 117.41 33.90 15.77
2019-06-30 113.77 32.31 16.34
2019-03-31 119.03 38.72 16.87
2018-12-31 127.94 43.07 17.11
2018-09-30 140.70 49.31 18.59
2018-06-30 150.75 55.28 17.81
2018-03-31 158.25 52.27 17.97
2017-12-31 162.50 52.04 17.57
2017-09-30 157.99 42.17 15.86
2017-06-30 144.73 35.39 15.11
2017-03-31 125.60 30.38 13.60
2016-12-31 104.20 22.59 12.65
2016-09-30 91.94 26.60 12.10
2016-06-30 96.55 28.34 13.01
2016-03-31 103.99 30.14 14.18
2015-12-31 111.09 34.30 15.07
2015-09-30 111.26 28.02 15.17
2015-06-30 105.33 24.95 14.35
2015-03-31 102.98 23.91 13.80
2014-12-31 109.82 24.93 13.79
2014-09-30 122.22 32.23 14.91
2014-06-30 122.83 31.57 14.67
2014-03-31 126.96 32.18 14.97
2013-12-31 120.50 28.88 14.67
2013-09-30 107.67 19.11 13.03
2013-06-30 105.25 16.43 12.98

*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.
  • UMS Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • UMS Holdings used its assets more efficiently than the DE Semiconductor industry average last year based on Return on Assets.
  • UMS Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess UMS 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 Semiconductor 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.
UMS Holdings has a total score of 3/6, 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.

N8U Health

 How is UMS 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 UMS Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • UMS Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • UMS Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of UMS 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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 7.5x 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 UMS Holdings Company Filings, last reported 3 months ago.

BST:N8U Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 244.89 14.36 34.36
2019-09-30 240.93 11.88 21.83
2019-06-30 234.02 59.66 60.73
2019-03-31 237.58 24.00 28.38
2018-12-31 230.46 25.12 19.59
2018-09-30 228.58 25.38 19.96
2018-06-30 224.16 13.88 22.14
2018-03-31 226.08 20.33 40.89
2017-12-31 213.80 22.16 60.26
2017-09-30 206.61 23.54 64.33
2017-06-30 197.46 21.96 62.95
2017-03-31 199.61 0.25 48.05
2016-12-31 189.49 0.25 43.29
2016-09-30 193.65 0.25 39.22
2016-06-30 191.69 1.25 35.40
2016-03-31 199.15 0.00 42.78
2015-12-31 194.47 0.00 39.55
2015-09-30 192.34 0.00 38.26
2015-06-30 191.94 0.00 39.61
2015-03-31 197.85 0.00 40.80
2014-12-31 190.80 0.00 34.40
2014-09-30 196.40 0.00 32.95
2014-06-30 195.08 5.00 36.11
2014-03-31 199.74 0.00 39.51
2013-12-31 191.13 0.00 29.57
2013-09-30 187.02 0.00 30.13
2013-06-30 187.16 0.00 27.41
  • UMS Holdings's level of debt (5.9%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if UMS Holdings's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (373.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 54.7x coverage).
X
Financial health checks
We assess UMS 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. UMS Holdings has a total score of 5/6, 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.

N8U Dividends

 What is UMS 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
5.69%
Current annual income from UMS Holdings dividends. Estimated to be 6.91% next year.
If you bought €2,000 of UMS Holdings shares you are expected to receive €114 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?
  • UMS Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • UMS Holdings's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
Upcoming dividend payment

Purchase UMS Holdings before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:N8U 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 3 Analyst Estimates (S&P Global) See Below
Europe Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 318 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

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

BST:N8U Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.04 2.00
2021-12-31 0.04 3.00
2020-12-31 0.04 3.00
2020-04-04
BST:N8U Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2020-02-24 0.035 4.796
2019-02-25 0.045 6.162
2018-11-13 0.055 8.981
2018-08-14 0.060 8.300
2018-05-11 0.058 6.818
2018-02-27 0.056 4.877
2017-11-10 0.050 4.728
2017-08-11 0.048 5.855
2017-05-12 0.048 5.529
2017-04-05 0.048 6.742
2017-02-28 0.048 7.534
2016-04-06 0.048 9.855
2016-02-29 0.048 10.785
2015-11-09 0.048 11.757
2015-08-03 0.048 11.874
2015-05-08 0.048 11.358
2015-04-30 0.048 11.361
2014-04-08 0.032 7.206
2014-02-28 0.032 6.839
2013-04-09 0.032 9.408
2013-02-28 0.032 11.096
2012-11-07 0.038 13.910
2012-05-15 0.038 14.863
2012-02-28 0.038 13.241
2011-11-11 0.026 9.772
2011-08-04 0.026 11.963
2011-05-10 0.026 7.108
2011-03-11 0.051 13.759
2011-01-24 0.051 13.816
2010-11-10 0.026 7.876
2010-08-03 0.026 9.179
2010-04-16 0.006 3.673
2010-03-02 0.006 4.626
2009-04-15 0.003 3.036

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 UMS Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess UMS Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 UMS Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. UMS Holdings has a total score of 5/6, see the detailed checks below.


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

N8U Management

 What is the CEO of UMS 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
Andy Luong
COMPENSATION SGD3,973,656
AGE 58
TENURE AS CEO 15.3 years
CEO Bio

Mr. Andy Luong serves as the Chief Executive Director at Integrated Manufacturing Technologies Pte Ltd. Mr. Luong has been the Chief Executive Officer of Norelco UMS Holdings Ltd. since January 2005 and serves as its Managing Director. He is a Director of JEP Holdings Ltd since May 7, 2009 and has been its Executive Chairman since February 22, 2018 and Chief Executive Officer since November 02, 2018. He previously served as Acting Chief Executive Officer of JEP Holdings Ltd. since June 01, 2018 until November 02, 2018. Mr. Luong is the Founder of UMS, a subsidiary of Norelco Centreline Holdings Ltd., and has been its President since April 2004. He has 20 years of experience in manufacturing front-end semiconductor components. Mr. Luong acquired his machining skills through his experience working in his family's machining business in Vietnam. He emigrated to the USA from Vietnam in 1979. Shortly after college, he started a precision machining business called Long's Manufacturing, Inc. He served as the Chief Operating Officer of Norelco Centreline Holdings Ltd. since April 2004 and also served as its Interim Chairman since January 16, 2006. He has been the Executive Chairman of UMS Holdings Limited since May 10, 2016. He has been an Executive Director at UMS Holdings Ltd. and Norelco UMS Holdings since April 2004. He serves as an Executive Director of Integrated Manufacturing Technologies Pte Ltd. He is a Director at UMS Systems Pte Ltd, UMS International Pte. Ltd., UMS Pte. Ltd., UMS Aerospace Pte. Ltd. Kalf Engineering Pte. Ltd. and Kalf Technology Pte. Ltd.

CEO Compensation
  • Andy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Andy's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

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

11.6
Average Tenure
54
Average Age
  • The average tenure for the UMS Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Andy Luong

TITLE
Founder
COMPENSATION
SGD4M
AGE
58
TENURE
15.3 yrs

Stanley Long

TITLE
Group Financial Controller
AGE
52
TENURE
11.6 yrs

Kian Hong Kay Tan

TITLE
Global Account Director
TENURE
13.3 yrs

Martin Low

TITLE
Managing Director of Malaysia Operations
AGE
54

Sin Chong Teng

TITLE
Managing Director of China Operations

Kuei Siau

TITLE
Joint Company Secretary
TENURE
0.3 yrs

Chia Hui Teo

TITLE
Joint Company Secretary
TENURE
1.4 yrs

Gobinath Gunaselan

TITLE
Executive Officer

Su Chun Pang

TITLE
Executive Officer

Gajendran Babu

TITLE
Executive Officer
Board of Directors Tenure

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

3.9
Average Tenure
52
Average Age
  • The tenure for the UMS Holdings board of directors is about average.
Board of Directors

Andy Luong

TITLE
Founder
COMPENSATION
SGD4M
AGE
58
TENURE
3.9 yrs

Stanley Long

TITLE
Group Financial Controller
AGE
52
TENURE
9.8 yrs

Yiowmin Chay

TITLE
Lead Independent Director
COMPENSATION
SGD90K
AGE
45
TENURE
3.9 yrs

Gwendolyn Gn

TITLE
Independent Director
COMPENSATION
SGD80K
AGE
48
TENURE
3.9 yrs

Ah Tong Phang

TITLE
Independent Director
COMPENSATION
SGD65K
AGE
62
TENURE
2.5 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 (€)
24. May 19 Buy Andy Luong Individual 23. May 19 23. May 19 250,000 €0.39 €96,579
17. May 19 Buy Andy Luong Individual 16. May 19 16. May 19 250,000 €0.41 €102,005
X
Management checks
We assess UMS 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. UMS 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.

N8U News

Simply Wall St News

N8U Company Info

Description

UMS Holdings Limited, an investment holding company, provides high precision front-end semiconductor components, and electromechanical assembly and final testing services. It operates through two segments, Semiconductor and Others. The Semiconductor segment offers precision machining components and equipment modules for semiconductor equipment manufacturers. The Others segment provides water disinfection systems shipment services; and supplies base components to oil and gas original equipment manufacturers, as well as trades in nonferrous metal alloys. The company also offers precision machining services, including milling, lathe, horizontal, cleaning, anodizing, and CMM; metal finishing services, such as electroless and selective nickel, anodizing, plating, e-polish, chemical cleaning, and parts refurbishment; and system integration, refurbishment, prototyping, and vendor managed inventory services, as well as electroplating services. In addition, it is involved in the assembly and integration of equipment and automated assembly lines; manufacture and assembly of stainless steel gaslines and weldment products; manufacture and repair of waste water treatment equipment; and holding of investment properties. The company serves semiconductor, electronic, machine tools, aerospace, medical, and oil and gas industries. It operates in Singapore, Malaysia, the United States, Poland, Taiwan, South Korea, and the People’s Republic of China. UMS Holdings Limited was incorporated in 2001 and is headquartered in Singapore.

Details
Name: UMS Holdings Limited
N8U
Exchange: BST
Founded: 2001
SGD211,149,193
533,429,579
Website: http://www.umsgroup.com.sg
Address: UMS Holdings Limited
23, Changi North Crescent,
Changi North Industrial Estate,
Singapore,
499616,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX 558 Ordinary Shares Singapore Exchange SG SGD 23. May 2001
BST N8U Ordinary Shares Boerse-Stuttgart DE EUR 23. May 2001
Number of employees
Current staff
Staff numbers
534
UMS Holdings employees.
Industry
Semiconductor Equipment
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 00:47
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/02/24
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.