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ValueMax Group

SGX:T6I
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
T6I
SGX
SGD175M
Market Cap
  1. Home
  2. SG
  3. Diversified Financials
Company description

ValueMax Group Limited, an investment holding company, engages in the pawnbroking, moneylending, retailing of jewellery and timepieces, and gold trading activities. The last earnings update was 30 days ago. More info.


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T6I Share Price and Events
7 Day Returns
-1.6%
SGX:T6I
0.8%
Asia Consumer Finance
0.2%
SG Market
1 Year Returns
12.5%
SGX:T6I
17.9%
Asia Consumer Finance
2.4%
SG Market
T6I Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ValueMax Group (T6I) -1.6% 1.6% 10.5% 12.5% 31.3% -17.1%
Asia Consumer Finance 0.8% -0.3% 8.4% 17.9% 38.7% 67.9%
SG Market 0.2% -1.3% -0.1% 2.4% 4.7% -4.7%
1 Year Return vs Industry and Market
  • T6I underperformed the Consumer Finance industry which returned 17.9% over the past year.
  • T6I outperformed the Market in Singapore which returned 2.4% over the past year.
Price Volatility
T6I
Industry
5yr Volatility vs Market

T6I Value

 Is ValueMax Group 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 ValueMax Group 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 ValueMax Group.

SGX:T6I Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= SGD0.34 * 10.8%
SGD0.04
Book Value of Equity per Share Median Book Value from the past 5 years. SGD0.34
Discount Rate (Cost of Equity) See below 8.3%
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:T6I
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 5.4%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.697 (1 + (1- 17%) (169.86%))
1.208
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.75% + (1.208 * 5.44%)
8.32%

Discounted Cash Flow Calculation for SGX:T6I using Excess Returns Model Model

The calculations below outline how an intrinsic value for ValueMax Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SGX:T6I Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.8% – 8.32%) * SGD0.34)
SGD0.01
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= SGD0.01 / (8.32% - 1.75%)
SGD0.13
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= SGD0.34 + SGD0.13
SGD0.47
SGX:T6I Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD0.47
Current discount Discount to share price of SGD0.32
= -1 x (SGD0.32 - SGD0.47) / SGD0.47
33.2%

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

Current Discount
Amount off the current price ValueMax Group is available for.
Intrinsic value
33%
Share price is SGD0.315 vs Future cash flow value of SGD0.47145
Current Discount Checks
For ValueMax Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ValueMax Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ValueMax Group'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 ValueMax Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ValueMax Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:T6I PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SGD SGD0.04
SGX:T6I Share Price ** SGX (2019-12-13) in SGD SGD0.32
Asia Consumer Finance Industry PE Ratio Median Figure of 173 Publicly-Listed Consumer Finance Companies 11.1x
Singapore Market PE Ratio Median Figure of 381 Publicly-Listed Companies 13.13x

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

** Primary Listing of ValueMax Group.

SGX:T6I PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:T6I Share Price ÷ EPS (both in SGD)

= 0.32 ÷ 0.04

7.36x

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

  • ValueMax Group is good value based on earnings compared to the Asia Consumer Finance industry average.
  • ValueMax Group is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does ValueMax Group's expected growth come at a high price?
Raw Data
SGX:T6I PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Consumer Finance Industry PEG Ratio Median Figure of 40 Publicly-Listed Consumer Finance Companies 0.9x
Singapore Market PEG Ratio Median Figure of 127 Publicly-Listed Companies 1.34x

*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 ValueMax Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ValueMax Group's assets?
Raw Data
SGX:T6I PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SGD SGD0.38
SGX:T6I Share Price * SGX (2019-12-13) in SGD SGD0.32
Asia Consumer Finance Industry PB Ratio Median Figure of 225 Publicly-Listed Consumer Finance Companies 0.74x
Singapore Market PB Ratio Median Figure of 604 Publicly-Listed Companies 0.74x
SGX:T6I PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:T6I Share Price ÷ Book Value per Share (both in SGD)

= 0.32 ÷ 0.38

0.83x

* Primary Listing of ValueMax Group.

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

  • ValueMax Group is overvalued based on assets compared to the Asia Consumer Finance industry average.
X
Value checks
We assess ValueMax Group'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 Consumer Finance 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 Consumer Finance industry average (and greater than 0)? (1 check)
  5. ValueMax Group has a total score of 3/6, 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.

T6I Future Performance

 How is ValueMax Group 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 ValueMax Group 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
15.5%
Expected Consumer Finance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ValueMax Group expected to grow at an attractive rate?
  • Unable to compare ValueMax Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare ValueMax Group's earnings growth to the Singapore market average as no estimate data is available.
  • Unable to compare ValueMax Group's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:T6I Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
Asia Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 17.9%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 6.6%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 5.6%

*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:T6I Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months 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:T6I Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-09-30 219 -16 23
2019-06-30 202 -17 22
2019-03-31 202 -32 20
2018-12-31 209 -41 20
2018-09-30 212 -43 21
2018-06-30 227 -35 20
2018-03-31 235 -50 20
2017-12-31 239 5 19
2017-09-30 250 -16 18
2017-06-30 245 -18 18
2017-03-31 247 -31 17
2016-12-31 253 -88 16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if ValueMax Group is high growth as no earnings estimate data is available.
  • Unable to determine if ValueMax Group 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:T6I Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from ValueMax Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:T6I Past Financials Data
Date (Data in SGD Millions) EPS *
2019-09-30 0.04
2019-06-30 0.04
2019-03-31 0.04
2018-12-31 0.04
2018-09-30 0.04
2018-06-30 0.04
2018-03-31 0.04
2017-12-31 0.04
2017-09-30 0.03
2017-06-30 0.03
2017-03-31 0.03
2016-12-31 0.03

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

Next steps:

  1. Examine whether ValueMax Group is trading at ValueMax Group'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. ValueMax Group'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 Diversified Financials companies here
  3. ValueMax Group'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 ValueMax Group'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.
ValueMax Group 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.

T6I Past Performance

  How has ValueMax Group 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 ValueMax Group's growth in the last year to its industry (Consumer Finance).
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.
  • ValueMax Group has delivered over 20% year on year earnings growth in the past 5 years.
  • ValueMax Group's 1-year earnings growth is less than its 5-year average (12.4% vs 20.8%)
  • ValueMax Group's earnings growth has exceeded the Asia Consumer Finance industry average in the past year (12.4% vs 8.8%).
Earnings and Revenue History
ValueMax Group'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 ValueMax Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:T6I Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 218.93 23.07 25.71
2019-06-30 202.13 22.12 25.94
2019-03-31 201.75 19.68 25.43
2018-12-31 208.71 20.29 24.83
2018-09-30 211.52 20.52 23.64
2018-06-30 227.25 20.05 22.85
2018-03-31 235.44 20.34 22.34
2017-12-31 239.40 19.09 21.56
2017-09-30 249.88 17.93 21.22
2017-06-30 245.32 17.58 20.85
2017-03-31 247.03 17.00 19.98
2016-12-31 253.25 15.56 19.46
2016-09-30 256.16 13.90 18.92
2016-06-30 264.90 12.01 18.04
2016-03-31 272.13 10.77 17.53
2015-12-31 269.88 10.05 17.00
2015-09-30 268.49 9.62 16.44
2015-06-30 287.53 9.08 16.46
2015-03-31 298.21 8.88 16.02
2014-12-31 324.52 8.99 15.52
2014-09-30 372.89 8.12 14.88
2014-06-30 366.75 9.45 14.04
2014-03-31 354.12 8.78 13.51
2013-12-31 353.15 9.36 12.57
2013-09-30 365.29 9.99 12.08
2013-03-31 451.81 12.55 10.60
2012-12-31 508.98 14.35 9.96

*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.
  • ValueMax Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ValueMax Group used its assets more efficiently than the Asia Consumer Finance industry average last year based on Return on Assets.
  • ValueMax Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ValueMax Group'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 Consumer Finance 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.
ValueMax Group has a total score of 4/6, 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.

T6I Health

 How is ValueMax Group'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 ValueMax Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ValueMax Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ValueMax Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ValueMax Group'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 1.2x 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 ValueMax Group Company Filings, last reported 2 months ago.

SGX:T6I Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 214.28 286.92 5.08
2019-06-30 209.41 269.38 6.06
2019-03-31 203.27 282.95 9.60
2018-12-31 197.45 280.16 11.09
2018-09-30 192.29 267.07 6.80
2018-06-30 187.44 250.14 7.18
2018-03-31 190.33 237.59 5.44
2017-12-31 183.81 228.64 8.17
2017-09-30 178.40 213.26 10.40
2017-06-30 173.73 200.95 11.56
2017-03-31 176.18 176.54 12.96
2016-12-31 171.29 214.44 7.79
2016-09-30 167.35 182.51 8.26
2016-06-30 164.05 167.47 8.61
2016-03-31 163.60 133.51 15.55
2015-12-31 159.69 105.98 14.77
2015-09-30 157.18 101.81 10.96
2015-06-30 155.33 99.68 19.98
2015-03-31 157.77 90.07 23.29
2014-12-31 155.02 82.44 38.84
2014-09-30 153.19 82.50 45.24
2014-06-30 151.37 80.11 43.64
2014-03-31 153.72 71.93 44.99
2013-12-31 150.72 80.79 47.92
2013-09-30 80.82 97.09 6.16
2013-03-31 70.03 81.94 5.47
2012-12-31 74.06 91.60 4.31
  • ValueMax Group's level of debt (133.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (52.9% vs 133.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 5.9x coverage).
X
Financial health checks
We assess ValueMax Group'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. ValueMax Group has a total score of 3/6, 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.

T6I Dividends

 What is ValueMax Group'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
4.22%
Current annual income from ValueMax Group dividends.
If you bought SGD2,000 of ValueMax Group shares you are expected to receive SGD84 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?
  • ValueMax Group's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.56%).
  • ValueMax Group's dividend is below the markets top 25% of dividend payers in Singapore (5.46%).
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:T6I 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
Asia Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 100 Stocks 1.7%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 312 Stocks 4.1%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.6%
Singapore Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

SGX:T6I Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-04-15 0.013 4.587
2018-04-09 0.013 4.414
2018-02-23 0.013 4.267
2017-04-10 0.011 3.742
2016-04-19 0.010 3.791
2015-04-22 0.009 3.160
2014-04-11 0.009 2.112

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

  • Whilst dividend payments have been stable, ValueMax Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but ValueMax Group only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of ValueMax Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x 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 ValueMax Group'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 ValueMax Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ValueMax Group 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.

T6I Management

 What is the CEO of ValueMax Group'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
Hiang Nam Yeah
AGE 71
CEO Bio

Mr. Yeah Hiang Nam serves as the Chief Executive Officer and Managing Director of ValueMax Group Limited. Mr. Yeah has more than 40 years of experience dealing with gold and jewellery, since he started working in a goldsmith shop in the late 1960s and has more than 20 years of experience in the pawnbroking industry. In 1979, he set up Golden Goldsmith to supply gold jewellery locally and for export overseas. He later ventured into jewellery retailing and gold dealing. In 1988, he made his first foray in the pawnshop industry by starting Ban Soon Pawnshop together with other business partners. In 1999, he established ValueMax Pawnshop (BD). He has been a Director at ValueMax Group Limited since August 7, 2003. Mr. Yeah won the Top Entrepreneur for the Entrepreneur of the Year Award awarded jointly by the Rotary Club of Singapore and the Association of Small and Medium Enterprises in 2010.

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

Average tenure and age of the ValueMax Group management team in years:

5.3
Average Tenure
50
Average Age
  • The average tenure for the ValueMax Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Hiang Nam Yeah

TITLE
MD, CEO & Executive Director
AGE
71

Carol Liew

TITLE
Chief Financial Officer
AGE
50
TENURE
7.3 yrs

Khee Low

TITLE
Senior Operations Manager

Koon Weng Leong

TITLE
Director of Business Development
AGE
59
TENURE
5.3 yrs

Lee Ching Yeah

TITLE
Executive Director of Valuation & Wholesale & Executive Director
AGE
47

Steven Yeah

TITLE
Executive Director of Pawnbroking & Retail & Executive Director
AGE
40

Vincent Goh

TITLE
Head of Digital
TENURE
1.4 yrs

Lotus Isabella Lim

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the ValueMax Group board of directors in years:

6.3
Average Tenure
49
Average Age
  • The tenure for the ValueMax Group board of directors is about average.
Board of Directors

Tin How Phua

TITLE
Non Executive Chairman
AGE
69

Hiang Nam Yeah

TITLE
MD, CEO & Executive Director
AGE
71
TENURE
16.3 yrs

Lee Ching Yeah

TITLE
Executive Director of Valuation & Wholesale & Executive Director
AGE
47
TENURE
6.7 yrs

Steven Yeah

TITLE
Executive Director of Pawnbroking & Retail & Executive Director
AGE
40
TENURE
6.3 yrs

Tony Lim

TITLE
Independent Director
AGE
51
TENURE
6.3 yrs

Marcus Chow

TITLE
Independent Non-Executive Director
AGE
45
TENURE
1.3 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 ValueMax Group'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. ValueMax Group 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.

T6I News

Simply Wall St News

Interested In ValueMax Group Limited (SGX:T6I)? Here's What Its Recent Performance Looks Like

View our latest analysis for ValueMax Group Did T6I's recent earnings growth beat the long-term trend and the industry? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 21%, indicating the rate at which T6I is growing has slowed down. … I recommend you continue to research ValueMax Group to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for T6I’s future growth?

Simply Wall St -

Who Has Been Buying ValueMax Group Limited (SGX:T6I) Shares?

So we'll take a look at whether insiders have been buying or selling shares in ValueMax Group Limited (SGX:T6I). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' Check out our latest analysis for ValueMax Group ValueMax Group Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by MD, CEO &amp; Executive Director Hiang Nam Yeah for S$181k worth of shares, at about S$0.28 per share. … SGX:T6I Recent Insider Trading, July 31st 2019 Insider Ownership For a common shareholder, it is worth checking how many shares are held by company insiders.

Simply Wall St -

Does ValueMax Group Limited (SGX:T6I) Have A Good P/E Ratio?

See our latest analysis for ValueMax Group How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for ValueMax Group: P/E of 7.59 = SGD0.28 ÷ SGD0.037 (Based on the year to March 2019.) Is A High P/E Ratio Good? … SGX:T6I Price Estimation Relative to Market, June 13th 2019 Its relatively low P/E ratio indicates that ValueMax Group shareholders think it will struggle to do as well as other companies in its industry classification.

Simply Wall St -

Investors Who Bought ValueMax Group (SGX:T6I) Shares Five Years Ago Are Now Down 34%

During the unfortunate half decade during which the share price slipped, ValueMax Group actually saw its earnings per share (EPS) improve by 13% per year. … When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. … ValueMax Group is not the only stock insiders are buying.

Simply Wall St -

Read This Before Selling ValueMax Group Limited (SGX:T6I) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in ValueMax Group Limited (SGX:T6I). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … In this case we're pleased to report that the insider bought shares at close to current prices

Simply Wall St -

With EPS Growth And More, ValueMax Group (SGX:T6I) Is Interesting

One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. … Unfortunately, ValueMax Group's revenue dropped 13% last year, but the silver lining is that EBIT margins improved from 9.3% to 12%. … You can take a look at the company's revenue and earnings growth trend, in the chart below.

Simply Wall St -

Has ValueMax Group Limited (SGX:T6I) Improved Earnings Growth In Recent Times?

For investors with a long-term horizon, examining earnings trend over time and against industry peers is more insightful than looking at an earnings announcement in one point in time. … How T6I fared against its long-term earnings performance and its industry. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 21%, indicating the rate at which T6I is growing has slowed down

Simply Wall St -

Does ValueMax Group Limited (SGX:T6I) Have A Good P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at ValueMax Group Limited's (SGX:T6I) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Kind Of Shareholder Appears On The ValueMax Group Limited's (SGX:T6I) Shareholder Register?

The big shareholder groups in ValueMax Group Limited (SGX:T6I) have power over the company. … ValueMax Group is not a large company by global standards. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

How Many Insiders Bought ValueMax Group Limited (SGX:T6I) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in ValueMax Group Limited (SGX:T6I). … The Last 12 Months Of Insider Transactions At ValueMax Group. … In the last twelve months, the biggest single purchase by an insider was when MD, CEO & Executive Director Hiang Nam Yeah bought S$181k worth of shares at a price of S$0.28 per share.

Simply Wall St -

T6I Company Info

Description

ValueMax Group Limited, an investment holding company, engages in the pawnbroking, moneylending, retailing of jewellery and timepieces, and gold trading activities. It offers pawnbroking services through pledging jewellery in yellow or white gold, diamond jewellery, and branded timepieces, as well as gold, platinum, or silver bars and coins as collaterals. The company also provides secured and unsecured loans for businessmen and corporates; and financing services for automotive industry. In addition, it sells new and pre-owned jewellery, such as gold and diamond jewellery, gold bars and coins, branded watches, and Hermès bags; purchases scrap gold from other pawnbrokers and jewellery traders; and sells fine gold bars to jewellery factories, wholesalers, and retailers. It operates 33 outlets at strategic locations in Singapore. Further, the company is involved in the provision of property management and IT, business management and consultancy, and remittance services, as well as in the property holding activities. The company was founded in 1988 and is based in Singapore. ValueMax Group Limited is a subsidiary of Yeah Holdings Pte. Ltd.

Details
Name: ValueMax Group Limited
T6I
Exchange: SGX
Founded: 1988
SGD174,922,998
555,311,105
Website: http://www.valuemax.com.sg
Address: ValueMax Group Limited
261 Waterloo Street,
No. 01-35, Waterloo Centre,
Singapore,
180261,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX T6I Ordinary Shares Singapore Exchange SG SGD 30. Oct 2013
Number of employees
Current staff
Staff numbers
0
ValueMax Group employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/13 13:08
End of day share price update: 2019/12/13 00:00
Last earnings filing: 2019/11/13
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.