UMS Holdings (558) AI Stock Analysis

• Market Cap: S$1.02B
• Dividend Yield: 3.77%
• Average Volume (3M): 2.97M
• Price to Earnings (P/E): 23.8
• Beta (1Y): 0.95
• Revenue Growth: -10.02%
• EPS Growth: -26.38%
• Country: SG
• Employees: 592
• Sector: Industrials
• Sector Strength: 87
• Industry: Semiconductors
• EPS (TTM): 0.01
• Shares Outstanding: 750,535,950
• 10 Day Avg. Volume: 4,320,800
• 30 Day Avg. Volume: 2,968,263
• PEG Ratio: 0.09
• Price to Book (P/B): 2.31
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 20.27
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: S$1.35
• Price Target Upside: -0.68% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 65 Neutral
• Price Target: S$1.50 ▲(10.29%Upside)

The overall stock score for UMS Holdings is 65, driven primarily by its robust balance sheet and moderate valuation. While technical indicators show some overvaluation risks, the company's strong equity base and attractive dividend yield provide stability and appeal. Challenges in revenue growth and cash flow sustainability temper the overall outlook.

Positive Factors

Market Expansion

UMS is increasing market engagement ahead of its dual-listing to improve its market awareness.

Revenue Growth

UMS is seeing healthy orders from its new customer and maintains its revenue guidance of 10% growth qoq.

Negative Factors

Earnings

1Q25 earnings was flat despite a 7% increase in revenue yoy due to more than S$1m forex loss.

Global Demand

The earnings decline was due to weaker global chip demand.

UMS Holdings Business Overview & Revenue Model

Company Description

UMS 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 Money

UMS Holdings generates revenue through the manufacturing and supply of high precision components and parts for semiconductor equipment manufacturers, which constitute its primary revenue stream. The company's earnings are significantly derived from long-term contracts with leading semiconductor equipment manufacturers, ensuring a steady flow of income. Additionally, UMS Holdings provides integrated system assembly and testing services, adding value to its offerings. Strategic partnerships and a focus on operational efficiency also play a crucial role in supporting its profitability.

UMS Holdings Financial Statement Overview

Summary

The company shows stable margins but faces a declining revenue trend. The balance sheet is strong with low leverage, ensuring financial stability, but cash flow challenges persist.

Income Statement

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

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

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	242.12M	299.91M	371.77M	270.83M	164.42M
Gross Profit	92.48M	144.22M	185.13M	142.69M	87.57M
EBITDA	62.70M	87.66M	120.25M	92.60M	47.10M
Net Income	40.61M	59.98M	98.17M	53.10M	36.47M
Balance Sheet
Total Assets	508.97M	487.17M	489.42M	436.75M	309.54M
Cash, Cash Equivalents and Short-Term Investments	79.93M	68.04M	62.64M	65.41M	53.79M
Total Debt	10.70M	32.47M	41.01M	47.03M	25.46M
Total Liabilities	65.05M	100.24M	121.05M	132.48M	56.59M
Stockholders Equity	418.25M	359.84M	340.47M	278.90M	251.29M
Cash Flow
Free Cash Flow	22.98M	50.10M	38.86M	56.19M	44.79M
Operating Cash Flow	56.44M	79.78M	92.38M	66.16M	56.38M
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: Positive
• Last Price: 1.36
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:558, the sentiment is Positive. The current price of 1.36 is above the 20-day moving average (MA) of 1.21, above the 50-day MA of 1.13, and above the 200-day MA of 1.05, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 78.74 is Negative, neither overbought nor oversold. The STOCH value of 93.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:558.

UMS Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5DD	74 Outperform	$226.62M	20.07	25.02%	7.36%	9.05%	41.96%
Sector *	67 Neutral	€9.99B	16.66	3.59%	3.43%	3.93%	-21.04%
558	65 Neutral	S$1.02B	23.78	9.67%	3.77%	-10.02%	-26.38%
JLB	64 Neutral	S$320.63M	28.90	8.66%	0.32%	43.32%	96.93%
BIX	57 Neutral	S$39.17M	―	-1.11%	4.26%	3.75%	-1700.00%
AWX	55 Neutral	S$476.33M	41.53	2.40%	―	-20.96%	―

UMS Holdings Corporate Events

UMS Integration Secures Bursa Malaysia Secondary Listing Approval

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

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

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

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

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

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.

UMS Integration Limited Announces AGM Transport Arrangements

UMS Integration Limited, incorporated in Singapore, has announced transportation arrangements for its shareholders attending the Annual General Meeting on April 24, 2025. The company will provide a bus service from Sengkang MRT to the AGM venue, with limited seating available on a first-come-first-served basis. This initiative reflects UMS Integration Limited’s commitment to facilitating shareholder participation and engagement in company affairs.