Bonvests Holdings Limited (B28) AI Stock Analysis

• Market Cap: S$405.53M
• Dividend Yield: 0.79%
• Average Volume (3M): 17.07K
• Price to Earnings (P/E): 74.3
• Beta (1Y): 0.34
• Revenue Growth: 0.58%
• EPS Growth: -9.33%
• Country: SG
• Employees: 2,712
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Travel Lodging
• EPS (TTM): <0.01
• Shares Outstanding: 401,516,970
• 10 Day Avg. Volume: 9,930
• 30 Day Avg. Volume: 17,073
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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$1.00
• Price Target Upside: -0.99% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 60 Neutral
• Price Target: S$1.00 ▼(-0.99% Downside)

The overall stock score for Bonvests Holdings Limited is driven by strong financial stability and positive cash flow management, albeit with challenges in profitability. The technical analysis indicates a bullish trend but requires caution due to high valuation metrics. Investors should be aware of potential overvaluation risks given the high P/E ratio.

Bonvests Holdings Limited Business Overview & Revenue Model

Company Description

Bonvests Holdings Limited, an investment holding company, engages in the property development and investment, hotel ownership and management, and waste management and contract cleaning businesses. The company operates through Rental, Hotel, Industrial, Investment, and Others segments. It owns and manages various commercial and residential properties. The company also engages in the operation of the golf course, hotels and restaurants, bars, spas and thalassotherapy centers, resorts, and food and beverage outlets; and securities trading and investment holding activities. In addition, the company offers business and management, and public relations consultancy services; sales and marketing support; contract cleaning; and waste management services, such as waste disposal services to commercial, industrial, and residential properties, as well as other waste disposal related services. It operates in Singapore, Maldives, Africa, Australia, and internationally. The company was incorporated in 1969 and is based in Singapore. Bonvests Holdings Limited is a subsidiary of Goldvein Holdings Pte Ltd.

How the Company Makes Money

Bonvests Holdings Limited generates revenue primarily through its real estate and hospitality sectors. In real estate, the company earns income from the development, sale, and leasing of properties, including residential, commercial, and retail spaces. The hospitality segment provides significant revenue through the ownership and management of hotels and resorts, which generate income from room bookings, dining, and other guest services. Additionally, the waste management division contributes through contracts for waste collection, disposal, and recycling services. The food and beverage segment adds to the company's earnings through its chain of restaurants and food service operations. Partnerships with local and international businesses enhance its service offerings and market reach, further supporting its revenue streams.

Bonvests Holdings Limited Financial Statement Overview

Summary

Bonvests Holdings Limited presents a resilient financial profile with strengths in revenue growth and cash flow management. The stable balance sheet is offset by low net profit margins and return on equity, indicating the need for improved profitability.

Income Statement

Bonvests Holdings Limited shows a mixed performance in its income statement. The company has demonstrated positive revenue growth of approximately 8.5% from 2023 to 2024, indicating a recovery trajectory. Its gross profit margin is strong at 55.6%, and the EBIT margin is impressive at 55.6% as well, suggesting high operational efficiency. However, the net profit margin is low at 0.8%, primarily due to a significant decrease in net income. This indicates potential issues with cost management or extraordinary expenses impacting profitability.

Balance Sheet

The balance sheet of Bonvests Holdings Limited reflects a stable financial position. The debt-to-equity ratio of 0.45 indicates moderate leverage, which is manageable. The equity ratio stands at 65%, showing strong equity backing compared to total assets. However, return on equity is low at 0.22%, suggesting that the company is not generating significant returns on shareholder investments. Overall, the balance sheet suggests financial stability with room for improvement in profitability.

Cash Flow

Bonvests Holdings Limited exhibits strong cash flow management. The free cash flow has grown by 85% from 2023 to 2024, reflecting effective capital expenditure and operational efficiency. The operating cash flow to net income ratio is high, indicating good cash generation relative to net income. Additionally, the free cash flow to net income ratio is robust, further emphasizing efficient cash management. Despite these strengths, the company should focus on improving net income to better align with cash flow performance.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	224.25M	216.76M	209.02M	134.41M	120.59M
Gross Profit	199.59M	103.79M	185.68M	123.11M	111.96M
EBITDA	55.08M	57.27M	67.09M	48.28M	13.00K
Net Income	1.87M	7.17M	20.72M	12.25M	-41.21M
Balance Sheet
Total Assets	1.29B	1.30B	1.30B	1.33B	1.32B
Cash, Cash Equivalents and Short-Term Investments	29.66M	29.69M	31.90M	37.35M	38.61M
Total Debt	376.31M	389.94M	380.02M	414.88M	410.38M
Total Liabilities	450.98M	460.55M	453.15M	476.53M	478.05M
Stockholders Equity	838.28M	837.71M	842.24M	847.61M	834.63M
Cash Flow
Free Cash Flow	35.70M	19.30M	39.14M	-4.40M	-10.69M
Operating Cash Flow	45.85M	43.29M	55.85M	23.53M	9.10M
Investing Cash Flow	-9.35M	-23.05M	-15.85M	-25.16M	-33.24M
Financing Cash Flow	-36.79M	-21.37M	-44.12M	626.00K	14.49M

Bonvests Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.01
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:B28, the sentiment is Neutral. The current price of 1.01 is below the 20-day moving average (MA) of 1.01, above the 50-day MA of 1.00, and above the 200-day MA of 0.91, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.79 is Neutral, neither overbought nor oversold. The STOCH value of 4.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:B28.

Bonvests Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
A34	61 Neutral	S$511.72M	278.13	0.48%	1.12%	6.98%	-74.40%
H07	61 Neutral	S$641.88M	19.46	3.75%	1.16%	-5.47%	450.00%
B28	60 Neutral	S$405.53M	74.26	0.66%	0.79%	0.58%	-9.33%
H18	55 Neutral	S$524.99M	-28.98	-1.11%	2.11%	-2.09%	-302.48%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%