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UMS Holdings Limited (SG:558)
SGX:558
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UMS Holdings (558) AI Stock Analysis

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SG:558

UMS Holdings

(SGX:558)

Rating:65Neutral
Price Target:
S$1.50
▲(4.17% Upside)
UMS Holdings demonstrates a robust financial position with strong equity and low leverage, which is the most significant contributor to its score. However, challenges in revenue growth and free cash flow generation slightly offset these strengths. The technical analysis indicates overbought conditions, suggesting caution despite the upward trend. The valuation component indicates a high P/E ratio balanced by a healthy dividend yield, adding moderate appeal for income-focused investors.
Positive Factors
Investor Interest
UMS's dual listing on Bursa Malaysia is attracting strong investor interest, which should help narrow UMS’s valuation gap of about 25% vs its Malaysian peers.
Market Engagement
The company has increased market engagement ahead of dual listing, including attending more non-deal roadshows, hosting plant visits, and increasing media coverage.
Revenue Growth
UMS expects to achieve its double-digit revenue growth guidance as it continues to see healthy orders from its key customers who remain positive.
Negative Factors
Earnings Decline
The earnings decline was due to weaker global chip demand.
Forex Loss
1Q25 earnings was flat despite a 7% increase in revenue yoy due to more than S$1m forex loss.

UMS Holdings (558) vs. iShares MSCI Singapore ETF (EWS)

UMS Holdings Business Overview & Revenue Model

Company DescriptionUMS Holdings Limited, an investment holding company, manufactures and markets high precision front-end semiconductor components, and provides electromechanical assembly and final testing services. It operates in three segments: Semiconductor, Aerospace, and Others. The Semiconductor segment offers precision machining components and equipment modules for semiconductor equipment manufacturers. The aerospace segment provides precision machining services including milling, lathe, horizontal, cleaning, anodizing, and CMM for the aerospace, electronics, and automotive industries. The Others segment provides water disinfection systems shipment services, as well as trades in nonferrous metal alloys. It also offers 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 and anodizing 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. Further, the company offers electrolyte water disinfection system and other related products. It serves semiconductor, electronic, machine tools, aerospace, and oil and gas industries. The company operates in Singapore, Malaysia, Taiwan, the United States, South Korea, the People's Republic of China, and internationally. UMS Holdings Limited was incorporated in 2001 and is headquartered in Singapore.
How the Company Makes MoneyUMS Holdings generates revenue through the provision of high precision manufacturing services tailored to the semiconductor industry. The company's primary revenue streams include the sale of semiconductor components, complex electromechanical assembly services, and the provision of related engineering support. UMS Holdings leverages long-term partnerships with major semiconductor equipment manufacturers to secure recurring orders, contributing significantly to its earnings. Additionally, the company's investments in advanced manufacturing technologies and capabilities ensure its competitiveness and ability to meet the stringent demands of the semiconductor sector, further enhancing its revenue potential.

UMS Holdings Financial Statement Overview

Summary
UMS Holdings exhibits a mixed financial performance. The income statement shows stable margins but a declining revenue trend. The balance sheet is robust with low leverage and strong equity, ensuring financial stability. However, the cash flow statement indicates challenges in sustaining free cash flow levels. Overall, the company demonstrates operational efficiency but faces growth challenges in revenue and cash flow.
Income Statement
75
Positive
The income statement reveals a declining revenue trend over the past two years, with Total Revenue decreasing from 2022 to 2024. Gross Profit Margin remains stable at around 51%, indicating efficient cost management. However, the Net Profit Margin decreased from 16.1% in 2023 to 16.8% in 2024, reflecting reduced profitability. Despite these challenges, the company maintains strong EBIT and EBITDA margins, highlighting operational efficiency.
Balance Sheet
82
Very Positive
The balance sheet exhibits a strong equity base with a high Equity Ratio of 82.2% in 2024, suggesting low leverage and financial stability. The Debt-to-Equity Ratio improved significantly to 0.03 in 2024 from 0.09 in 2023, indicating reduced reliance on debt. Return on Equity decreased to 9.7% in 2024 from 16.7% in 2023, reflecting lower net income relative to equity.
Cash Flow
68
Positive
The cash flow statement highlights a decline in Free Cash Flow, with a drop from $50.1M in 2023 to $22.98M in 2024. Operating Cash Flow to Net Income Ratio remains healthy, indicating efficient cash generation. However, the Free Cash Flow to Net Income Ratio dropped, reflecting reduced cash conversion. The negative Free Cash Flow growth rate points to challenges in maintaining cash reserves.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue242.12M299.91M371.77M270.83M164.42M
Gross Profit92.48M144.22M185.13M142.69M87.57M
EBITDA62.70M87.66M120.25M92.60M47.10M
Net Income40.61M59.98M98.17M53.10M36.47M
Balance Sheet
Total Assets508.97M487.17M489.42M436.75M309.54M
Cash, Cash Equivalents and Short-Term Investments79.93M68.04M62.64M65.41M53.79M
Total Debt10.70M32.47M41.01M47.03M25.46M
Total Liabilities65.05M100.24M121.05M132.48M56.59M
Stockholders Equity418.25M359.84M340.47M278.90M251.29M
Cash Flow
Free Cash Flow22.98M50.10M38.86M56.19M44.79M
Operating Cash Flow56.44M79.78M92.38M66.16M56.38M
Investing Cash Flow-35.19M-31.14M-56.47M-21.02M-12.98M
Financing Cash Flow-16.20M-44.41M-37.68M-33.45M-23.00M

UMS Holdings Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price1.44
Price Trends
50DMA
1.37
Positive
100DMA
1.21
Positive
200DMA
1.11
Positive
Market Momentum
MACD
0.03
Positive
RSI
48.19
Neutral
STOCH
13.73
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:558, the sentiment is Neutral. The current price of 1.44 is below the 20-day moving average (MA) of 1.50, above the 50-day MA of 1.37, and above the 200-day MA of 1.11, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 48.19 is Neutral, neither overbought nor oversold. The STOCH value of 13.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:558.

UMS Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$1.08B24.629.87%4.12%0.96%-20.30%
61
Neutral
$36.32B7.12-7.26%1.97%7.79%-9.36%
$199.96M23.7725.02%3.09%
$265.02M11.5011.96%
64
Neutral
S$313.84M28.297.60%0.32%47.45%51.05%
57
Neutral
S$479.46M41.802.87%4.60%
53
Neutral
S$42.50M-1.11%3.92%3.75%-1700.00%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:558
UMS Holdings
1.44
0.46
46.34%
MCRNF
Micro-Mechanics (Holdings)
1.42
0.35
32.71%
VHLGF
Valuetronics Holdings
0.62
0.20
47.62%
SG:AWX
AEM Holdings Ltd.
1.51
0.27
21.77%
SG:BIX
Ellipsiz Ltd
0.26
0.12
85.71%
SG:JLB
Grand Venture Technology Limited
0.92
0.37
67.27%

UMS Holdings Corporate Events

UMS Integration Limited to Begin Trading on Bursa Malaysia
Jul 31, 2025

UMS Integration Limited, a company listed on the Singapore Exchange, is set to begin trading its entire issued share capital on the Main Market of Bursa Malaysia Securities Berhad. The secondary listing will commence on August 1, 2025, with an initial reference price of RM5.00 per share, calculated based on the closing market price on the Singapore Exchange and the prevailing exchange rate.

The most recent analyst rating on (SG:558) stock is a Hold with a S$0.95 price target. To see the full list of analyst forecasts on UMS Holdings stock, see the SG:558 Stock Forecast page.

UMS Integration Limited Announces Secondary Listing on Bursa Malaysia
Jul 1, 2025

UMS Integration Limited has announced its plans for a secondary listing on the Main Market of Bursa Malaysia Securities Berhad. This strategic move aims to enhance the company’s market presence and provide greater access to capital markets in Malaysia. However, the company cautions that there is no certainty that the listing will materialize, and advises shareholders and potential investors to exercise caution.

The most recent analyst rating on (SG:558) stock is a Hold with a S$0.95 price target. To see the full list of analyst forecasts on UMS Holdings stock, see the SG:558 Stock Forecast page.

UMS Integration Limited Announces Secondary Listing on Bursa Malaysia
Jun 30, 2025

UMS Integration Limited has announced its prospectus for a secondary listing on Bursa Malaysia Securities Berhad, marking a strategic move to become the first Singapore public company to achieve this on the Main Market. This listing aims to broaden UMS’s investor base, improve liquidity, and provide flexibility for future equity market access, enhancing its corporate growth and market positioning.

The most recent analyst rating on (SG:558) stock is a Hold with a S$0.95 price target. To see the full list of analyst forecasts on UMS Holdings stock, see the SG:558 Stock Forecast page.

UMS Integration Secures Bursa Malaysia Secondary Listing Approval
Jun 26, 2025

UMS Integration Limited has received approval from Bursa Malaysia Securities Berhad for a secondary listing on its Main Market. This strategic move, which does not involve any offering of shares, positions UMS Integration to enhance its market presence and accessibility in Malaysia, potentially benefiting stakeholders through increased visibility and liquidity.

The most recent analyst rating on (SG:558) stock is a Hold with a S$0.95 price target. To see the full list of analyst forecasts on UMS Holdings stock, see the SG:558 Stock Forecast page.

UMS Integration Limited Holds EGM to Vote on Key Resolution
Jun 18, 2025

UMS Integration Limited, formerly known as UMS Holdings Limited, held an Extraordinary General Meeting (EGM) on June 11, 2025, at its headquarters in Singapore. The meeting was chaired by Datuk Phang Ah Tong and attended by several directors and shareholders. The primary focus of the meeting was to discuss and vote on a proposed resolution, with voting conducted via a paperless poll using wireless devices. The company ensured compliance with relevant listing rules and provided shareholders with the necessary information in advance, although no questions were submitted prior to the meeting.

The most recent analyst rating on (SG:558) stock is a Hold with a S$0.95 price target. To see the full list of analyst forecasts on UMS Holdings stock, see the SG:558 Stock Forecast page.

UMS Integration Limited Announces Transport for EGM Attendees
Jun 2, 2025

UMS Integration Limited, a company incorporated in Singapore, has announced transportation arrangements for shareholders attending its Extraordinary General Meeting (EGM) on June 11, 2025. The company will provide a bus service from Sengkang MRT to the EGM venue, with limited seating available on a first-come-first-served basis, highlighting their commitment to facilitating shareholder participation.

The most recent analyst rating on (SG:558) stock is a Hold with a S$0.95 price target. To see the full list of analyst forecasts on UMS Holdings stock, see the SG:558 Stock Forecast page.

UMS Integration Limited Conducts Efficient and Modern AGM
May 16, 2025

UMS Integration Limited held its Annual General Meeting (AGM) on April 24, 2025, where shareholders and directors gathered to discuss the company’s operations and vote on proposed resolutions. The meeting was conducted in a paperless manner, with voting carried out via a wireless hand-held device, reflecting the company’s commitment to modern and efficient practices. The AGM proceeded smoothly with no questions from shareholders, and all resolutions were voted on by poll, ensuring compliance with regulatory requirements.

The most recent analyst rating on (SG:558) stock is a Hold with a S$0.95 price target. To see the full list of analyst forecasts on UMS Holdings stock, see the SG:558 Stock Forecast page.

UMS Integration Limited Announces Board Restructuring
May 14, 2025

UMS Integration Limited, a company incorporated in Singapore, has announced significant changes to its board and board committees. The company has appointed Datin Poon Lee Fah and Ms. Xie Xingbei, Pearlyn as Independent Directors, with Datin Poon also serving as Chairman of the Nominating Committee and Pearlyn Xie as Chairman of the Remuneration Committee. Additionally, Mr. Luong Andy has been redesignated from Chairman and CEO to CEO, and Datuk Phang Ah Tong has been redesignated from Lead Independent Director to Chairman and Lead Independent Director. These changes align with the company’s proposed secondary listing on Bursa Malaysia Securities Berhad and adhere to the Malaysian Code on Corporate Governance.

The most recent analyst rating on (SG:558) stock is a Hold with a S$0.95 price target. To see the full list of analyst forecasts on UMS Holdings stock, see the SG:558 Stock Forecast page.

UMS Holdings Sees Revenue Growth in Q1 2025 Amid Rising Costs
May 9, 2025

UMS Holdings reported a 7% increase in revenue to S$57.65 million for the first quarter ending March 31, 2025, compared to the same period last year. Despite a slight decrease in profit before income tax by 2% to S$11.42 million, the net profit from continuing operations rose by 1% to S$10.15 million. The company experienced significant changes in inventories and raw material costs, with a notable 637% increase in inventories and a 25% rise in raw material purchases. The announcement reflects stable financial performance with slight growth, indicating resilience amidst fluctuating expenses.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 24, 2025