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VICOM

SGX:V01
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
V01
SGX
SGD753M
Market Cap
  1. Home
  2. SG
  3. Commercial Services
Company description

VICOM Ltd provides technical testing and inspection services in Singapore. The last earnings update was 8 days ago. More info.


Add to Portfolio Compare Print
V01 Share Price and Events
7 Day Returns
6.7%
SGX:V01
2.8%
SG Commercial Services
-0.1%
SG Market
1 Year Returns
36.4%
SGX:V01
23.7%
SG Commercial Services
-2.7%
SG Market
V01 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
VICOM (V01) 6.7% 10.4% 12.9% 36.4% 50.5% 31.8%
SG Commercial Services 2.8% 0.9% 24% 23.7% -17.9% -22.2%
SG Market -0.1% -2.8% 0.1% -2.7% -2.2% -9.4%
1 Year Return vs Industry and Market
  • V01 outperformed the Commercial Services industry which returned 23.7% over the past year.
  • V01 outperformed the Market in Singapore which returned -2.7% over the past year.
Price Volatility
V01
Industry
5yr Volatility vs Market

V01 Value

 Is VICOM 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 VICOM 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 VICOM.

SGX:V01 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in SGD SGD .384000
Payout Ratio Company Filings (2019-12-31) 8588.7%
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year SG Government Bond Rate 1.8%

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 SGX:V01
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.65
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.649 (1 + (1- 17%) (4.45%))
0.795
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.75% + (0.8 * 5.44%)
6.1%

Discounted Cash Flow Calculation for SGX:V01 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for VICOM 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.

SGX:V01 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= SGD0.38 / (6.1% - 1.75%)
SGD8.82
SGX:V01 Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD8.82
Current discount Discount to share price of SGD8.58
= -1 x (SGD8.58 - SGD8.82) / SGD8.82
2.8%

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

Current Discount
Amount off the current price VICOM is available for.
Intrinsic value
3%
Share price is SGD8.58 vs Future cash flow value of SGD8.82
Current Discount Checks
For VICOM to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • VICOM's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • VICOM's share price is below the future cash flow value, but not 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 VICOM's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are VICOM's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:V01 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SGD SGD0.32
SGX:V01 Share Price ** SGX (2020-02-20) in SGD SGD8.58
Singapore Commercial Services Industry PE Ratio Median Figure of 13 Publicly-Listed Commercial Services Companies 19.87x
Singapore Market PE Ratio Median Figure of 382 Publicly-Listed Companies 13.43x

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

** Primary Listing of VICOM.

SGX:V01 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:V01 Share Price ÷ EPS (both in SGD)

= 8.58 ÷ 0.32

26.77x

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

  • VICOM is overvalued based on earnings compared to the SG Commercial Services industry average.
  • VICOM is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does VICOM's expected growth come at a high price?
Raw Data
SGX:V01 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Commercial Services Industry PEG Ratio Median Figure of 82 Publicly-Listed Commercial Services Companies 1.49x
Singapore Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 1.22x

*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 VICOM, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on VICOM's assets?
Raw Data
SGX:V01 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SGD SGD1.48
SGX:V01 Share Price * SGX (2020-02-20) in SGD SGD8.58
Singapore Commercial Services Industry PB Ratio Median Figure of 24 Publicly-Listed Commercial Services Companies 1.05x
Singapore Market PB Ratio Median Figure of 606 Publicly-Listed Companies 0.73x
SGX:V01 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:V01 Share Price ÷ Book Value per Share (both in SGD)

= 8.58 ÷ 1.48

5.79x

* Primary Listing of VICOM.

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

  • VICOM is overvalued based on assets compared to the SG Commercial Services industry average.
X
Value checks
We assess VICOM'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. VICOM has a total score of 0/6, 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.

V01 Future Performance

 How is VICOM expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as VICOM has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
17.1%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is VICOM expected to grow at an attractive rate?
  • Unable to compare VICOM's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare VICOM's earnings growth to the Singapore market average as no estimate data is available.
  • Unable to compare VICOM's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:V01 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 17.1%
Asia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 12.5%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.8%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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
SGX:V01 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:V01 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-12-31 104 36 28
2019-09-30 103 38 36
2019-06-30 102 35 35
2019-03-31 101 34 35
2018-12-31 100 30 35
2018-09-30 99 28 27
2018-06-30 98 32 27
2018-03-31 97 33 27
2017-12-31 97 33 27
2017-09-30 98 34 27
2017-06-30 99 31 27
2017-03-31 100 32 28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if VICOM is high growth as no earnings estimate data is available.
  • Unable to determine if VICOM is high growth as no revenue estimate data is available.
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
SGX:V01 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 0 Analyst Estimates (S&P Global) See Below

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

SGX:V01 Past Financials Data
Date (Data in SGD Millions) EPS *
2019-12-31 0.32
2019-09-30 0.40
2019-06-30 0.40
2019-03-31 0.40
2018-12-31 0.39
2018-09-30 0.31
2018-06-30 0.30
2018-03-31 0.30
2017-12-31 0.30
2017-09-30 0.30
2017-06-30 0.31
2017-03-31 0.31

*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 VICOM will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine VICOM's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. VICOM's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. VICOM's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess VICOM'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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
VICOM has a total score of 0/6, 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.

V01 Past Performance

  How has VICOM 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 VICOM's growth in the last year to its industry (Commercial Services).
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.
  • VICOM's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • VICOM's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • VICOM's 1-year earnings growth is negative, it can't be compared to the SG Commercial Services industry average.
Earnings and Revenue History
VICOM'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 VICOM Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:V01 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 103.70 28.41 1.81
2019-09-30 103.18 35.78 2.74
2019-06-30 101.99 35.35 3.18
2019-03-31 101.07 35.04 3.71
2018-12-31 100.06 34.70 4.11
2018-09-30 98.67 27.16 4.12
2018-06-30 98.01 26.83 4.15
2018-03-31 97.43 26.66 4.10
2017-12-31 97.03 26.50 4.06
2017-09-30 97.77 26.74 3.66
2017-06-30 98.62 27.15 3.66
2017-03-31 99.95 27.70 3.66
2016-12-31 101.18 28.16 3.67
2016-09-30 101.92 28.77 3.74
2016-06-30 101.89 29.35 3.72
2016-03-31 103.78 30.31 3.71
2015-12-31 106.71 31.42 3.73
2015-09-30 107.96 31.12 3.65
2015-06-30 109.58 30.90 3.67
2015-03-31 109.55 30.55 3.63
2014-12-31 108.17 30.14 3.62
2014-09-30 107.39 29.75 3.97
2014-06-30 106.47 29.38 3.90
2014-03-31 105.83 29.00 3.87
2013-12-31 104.97 28.45 3.75
2013-09-30 103.19 27.76 3.50
2013-06-30 101.51 27.38 3.44
2013-03-31 98.85 26.87 3.37

*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.
  • VICOM has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • VICOM used its assets more efficiently than the SG Commercial Services industry average last year based on Return on Assets.
  • VICOM's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess VICOM'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 Commercial Services 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.
VICOM 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.

V01 Health

 How is VICOM'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 VICOM's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • VICOM is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • VICOM's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of VICOM'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.
  • VICOM has no debt, it does not need to be covered by short term assets.
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 VICOM Company Filings, last reported 1 month ago.

SGX:V01 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 132.29 0.00 92.85
2019-09-30 124.90 0.00 84.98
2019-06-30 130.28 0.00 88.99
2019-03-31 151.81 0.00 112.84
2018-12-31 151.81 0.00 104.22
2018-09-30 136.99 0.00 91.97
2018-06-30 142.32 0.00 97.90
2018-03-31 156.22 0.00 113.09
2017-12-31 149.31 0.00 107.59
2017-09-30 141.97 0.00 99.43
2017-06-30 147.29 0.00 100.89
2017-03-31 157.51 0.00 111.53
2016-12-31 150.82 0.00 105.80
2016-09-30 143.32 0.00 95.98
2016-06-30 143.70 0.00 95.76
2016-03-31 154.50 0.00 107.45
2015-12-31 147.25 0.00 100.26
2015-09-30 139.08 0.00 90.97
2015-06-30 139.62 0.00 90.47
2015-03-31 148.14 0.00 98.44
2014-12-31 139.89 0.00 91.03
2014-09-30 132.06 0.00 83.07
2014-06-30 132.73 0.00 80.15
2014-03-31 138.20 0.00 84.95
2013-12-31 130.07 0.00 78.70
2013-09-30 122.57 0.00 70.85
2013-06-30 122.97 0.00 69.31
2013-03-31 124.92 0.00 71.78
  • VICOM has no debt.
  • VICOM has not taken on any debt in the past 5 years.
  • VICOM has no debt, it does not need to be covered by operating cash flow.
  • VICOM has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess VICOM'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. VICOM has a total score of 6/6, 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.

V01 Dividends

 What is VICOM'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
4.48%
Current annual income from VICOM dividends.
If you bought SGD2,000 of VICOM shares you are expected to receive SGD90 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?
  • VICOM's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.54%).
  • VICOM's dividend is below the markets top 25% of dividend payers in Singapore (5.72%).
Upcoming dividend payment

Purchase VICOM 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
SGX:V01 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 0 Analyst Estimates (S&P Global) See Below
Singapore Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.4%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 4.1%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

SGX:V01 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2020-02-12 0.384 4.647
2019-04-24 0.366 5.033
2018-03-29 0.458 7.438
2018-02-09 0.458 7.571
2017-11-08 0.316 5.460
2017-08-07 0.316 5.528
2017-03-24 0.265 4.640
2016-11-09 0.278 4.874
2016-08-10 0.278 4.832
2016-03-28 0.293 4.967
2015-11-11 0.270 4.510
2015-08-11 0.270 4.477
2015-03-23 0.270 4.283
2014-11-11 0.239 3.758
2014-08-12 0.239 3.901
2014-02-11 0.226 3.724
2013-11-12 0.192 3.752
2013-08-07 0.192 3.990
2013-02-06 0.182 3.719
2012-11-08 0.150 3.059
2012-08-10 0.150 3.118
2012-04-03 0.182 4.299
2012-02-09 0.182 4.356
2011-11-10 0.138 3.848
2011-08-11 0.138 4.080
2011-02-10 0.132 4.085
2010-11-10 0.126 4.318
2010-08-13 0.126 4.524
2010-02-09 0.118 4.618
2009-08-11 0.101 4.656
2009-04-13 0.093 5.296

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 VICOM's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x 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 VICOM's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 VICOM afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. VICOM has a total score of 2/6, see the detailed checks below.


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

V01 Management

 What is the CEO of VICOM'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
Wing Yew Sim
COMPENSATION SGD593,340
AGE 52
TENURE AS CEO 7.8 years
CEO Bio

Mr. Wing Yew Sim has been the Chief Executive Officer of VICOM Ltd at ComfortDelGro Corporation Limited since May 01, 2012. Mr. Sim has been the Chief Executive Officer of Vicom Ltd. since May 1, 2012. He served as Chief Operating Officer of Comf Comfortdelgro Engineering Pte Ltd. He served as General Manager of See Hup Seng Ltd for 10 years. Mr. Sim joined ComfortDelGro in September 2002 as a General Manager in charge of two maintenance workshops in SBS Transit Ltd's Fleet Management Department. His duties included ensuring the fleet to meet or exceed all the regulatory and safety standards and also deliver a high performance standard in terms of reliability to support bus operations. He has been an Executive Director of Vicom Ltd. since May 1, 2012. Mr. Sim holds a Bachelor of Engineering (Hons) Degree in Mechanical and Production Engineering from the Nanyang Technolgical University, Singapore and a Masters of Business Administration degree from the University of Hull, United Kingdom.

CEO Compensation
  • Wing Yew's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Wing Yew's remuneration is lower than average for companies of similar size in Singapore.
Management Team Tenure

Average tenure of the VICOM management team in years:

4.2
Average Tenure
  • The tenure for the VICOM management team is about average.
Management Team

Wing Yew Sim

TITLE
CEO & Executive Director
COMPENSATION
SGD593K
AGE
52
TENURE
7.8 yrs

Mary Lee

TITLE
Chief Financial Officer
TENURE
7.6 yrs

Chun Wah Yip

TITLE
Vice President of Operations
TENURE
13.1 yrs

Ann Tan

TITLE
Assistant Vice President of Sales & Marketing
TENURE
11.1 yrs

Kee Beng

TITLE
Assistant Vice President of Human Resource
TENURE
1.1 yrs

Samy Samugam

TITLE
Assistant Manager of Operations & Head of VICOM Emission Test Laboratory
TENURE
1.9 yrs

Thiam Siong Sze

TITLE
Chief Executive Officer of Setsco Services Pte Ltd
TENURE
0.9 yrs

Wendy Chan

TITLE
Joint Company Secretary

Edwin Yeo

TITLE
Joint Company Secretary
TENURE
2.8 yrs

Tammy Tan

TITLE
Corporate Communications Officer of ComfortDelGro Group
TENURE
4.2 yrs
Board of Directors Tenure

Average tenure and age of the VICOM board of directors in years:

2.5
Average Tenure
64.5
Average Age
  • The average tenure for the VICOM board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jit Poh Lim

TITLE
Chairman of the Board
COMPENSATION
SGD74K
AGE
79
TENURE
35.1 yrs

Wing Yew Sim

TITLE
CEO & Executive Director
COMPENSATION
SGD593K
AGE
52
TENURE
7.8 yrs

Ban Seng Yang

TITLE
Deputy Chairman
COMPENSATION
SGD45K
AGE
62
TENURE
2.8 yrs

Victor Shim

TITLE
Lead Independent Director
COMPENSATION
SGD51K
TENURE
0.4 yrs

June Seah

TITLE
Independent Non-Executive Director
COMPENSATION
SGD44K
TENURE
2.3 yrs

Daniel Soh

TITLE
Independent Non-Executive Director
COMPENSATION
SGD34K
AGE
65
TENURE
1.8 yrs

Nancy Teo

TITLE
Independent Non-Executive Director
COMPENSATION
SGD54K
AGE
64
TENURE
24.9 yrs

Kim Siew Tan

TITLE
Independent Non-Executive Director
COMPENSATION
SGD30K
AGE
65
TENURE
1.8 yrs

Poh Hong Tan

TITLE
Independent Non-Executive Director
AGE
60
TENURE
0.8 yrs

Yeow Tin Goh

TITLE
Independent Non-Executive Director
COMPENSATION
SGD66K
AGE
68
TENURE
9.4 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 (SGD) Value (SGD)
X
Management checks
We assess VICOM'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. VICOM 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.

V01 News

Simply Wall St News

Are VICOM Ltd’s (SGX:V01) High Returns Really That Great?

And finally, we'll look at how its current liabilities are impacting its ROCE. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for VICOM:0.20 = S$33m ÷ (S$200m - S$35m) (Based on the trailing twelve months to June 2019.) So, VICOM has an ROCE of 20%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

Why Fundamental Investors Might Love VICOM Ltd (SGX:V01)

By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of VICOM Ltd (SGX:V01), it is a company with great financial health as well as a a great track record of performance. … Take a look at our free research report of analyst consensus for V01’s outlook.

Simply Wall St -

Can We See Significant Insider Ownership On The VICOM Ltd (SGX:V01) Share Register?

Our analysis of the ownership of the company, below, shows that institutional investors have not yet purchased much of the company. … View our latest analysis for VICOM SGX:V01 Ownership Summary, July 29th 2019 What Does The Institutional Ownership Tell Us About VICOM? … Insider Ownership Of VICOM The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Should You Buy VICOM Ltd (SGX:V01) For Its 5.2% Dividend?

Cash is slightly more important than profit from a dividend perspective, but given VICOM's payments were not well covered by either earnings or cash flow, we are concerned about the sustainability of this dividend. … Dividend Growth Potential With a relatively unstable dividend, it's even more important to evaluate if earnings per share (EPS) are growing - it's not worth taking the risk on a dividend getting cut, unless you might be rewarded with larger dividends in future. … Second, earnings growth has been ordinary, and its history of dividend payments is chequered - having cut its dividend at least once in the past.

Simply Wall St -

Despite Its High P/E Ratio, Is VICOM Ltd (SGX:V01) Still Undervalued?

We'll look at VICOM Ltd's (SGX:V01) P/E ratio and reflect on what it tells us about the company's share price. … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for VICOM: P/E of 17.53 = SGD6.93 ÷ SGD0.40 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … So take a peek at this free list of interesting companies with strong recent earnings growth (and a P/E ratio below 20).

Simply Wall St -

If You Like EPS Growth Then Check Out VICOM (SGX:V01) Before It's Too Late

So if you're like me, you might be more interested in profitable, growing companies, like VICOM (SGX:V01). … As I already mentioned, VICOM is a growing business, which is what I like to see. … If you like to see insider buying, too, then this free list of growing companies that insiders are buying, could be exactly what you're looking for.

Simply Wall St -

A Close Look At VICOM Ltd’s (SGX:V01) 17% ROCE

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for VICOM: 0.17 = S$33m ÷ (S$224m - S$30m) (Based on the trailing twelve months to March 2019.) Therefore, VICOM has an ROCE of 17%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise. … Our Take On VICOM's ROCE This is good to see, and with a sound ROCE, VICOM could be worth a closer look.

Simply Wall St -

Is VICOM Ltd (SGX:V01) Excessively Paying Its CEO?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … See our latest analysis for VICOM How Does Wing Yew Sim's Compensation Compare With Similar Sized Companies? … At the time of writing our data says that VICOM Ltd has a market cap of S$576m, and is paying total annual CEO compensation of S$533k.

Simply Wall St -

VICOM Ltd (SGX:V01): Ex-Dividend Is In 3 Days

If you are interested in cashing in on VICOM Ltd's (SGX:V01) upcoming dividend of S$0.32 per share, you only have 3 days left to buy the shares before its ex-dividend date, 02 May 2019, in time for dividends payable on the 10 May 2019. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

Is VICOM Ltd (SGX:V01) A Strong Dividend Stock?

Dividend paying stocks like VICOM Ltd (SGX:V01) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. … A high yield and a long history of paying dividends is an appealing combination for VICOM.

Simply Wall St -

V01 Company Info

Description

VICOM Ltd provides technical testing and inspection services in Singapore. It offers vehicle inspection services, including inspection for petrol-driven and diesel-driven vehicles, motorcycles, and power assisted bicycles; vehicle assessment services; and emission test laboratory services. The company provides vehicle evaluation, vehicle inspection and type approval system, in-vehicle unit, speed limiter check, chassis dynamometer smoke test, road tax renewal, motor and general insurance, car buying tips and maintenance talks, and consultancy services. It also offers testing, calibration, inspection, consultancy, and training services to aerospace, marine and offshore, biotechnology, oil and petrochemical, building construction, and electronics manufacturing industries. The company was incorporated in 1981 and is based in Singapore. VICOM Ltd is a subsidiary of ComfortDelGro Corporation Limited.

Details
Name: VICOM Ltd
V01
Exchange: SGX
Founded: 1981
SGD753,457,000
88,642,000
Website: http://www.vicom.com.sg
Address: VICOM Ltd
385 Sin Ming Drive,
Singapore,
575718,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX V01 Ordinary Shares Singapore Exchange SG SGD 13. Oct 1995
Number of employees
Current staff
Staff numbers
865
VICOM employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/20 12:38
End of day share price update: 2020/02/20 00:00
Last earnings filing: 2020/02/12
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.