Tiong Woon Corporation Holding Ltd (BQM) AI Stock Analysis

• Market Cap: S$186.95M
• Dividend Yield: 2.29%
• Average Volume (3M): 170.50K
• Price to Earnings (P/E): 9.7
• Beta (1Y): 0.45
• Revenue Growth: 14.25%
• EPS Growth: 5.61%
• Country: SG
• Employees: 1,223
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): 0.03
• Shares Outstanding: 232,235,240
• 10 Day Avg. Volume: 214,840
• 30 Day Avg. Volume: 170,500
• PEG Ratio: 1.35
• Price to Book (P/B): 0.45
• Price to Sales (P/S): 0.89
• P/FCF Ratio: 23.08
• 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$0.73
• Price Target Upside: -5.19% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: S$1.00 ▲(29.87% Upside)

The overall stock score for Tiong Woon Corporation Holding Ltd is driven by strong financial performance and a favorable valuation. The company's consistent revenue growth and stable profitability are significant strengths, though the decline in free cash flow is a concern. Technical analysis indicates a positive trend, but potential overbought conditions warrant caution.

Positive Factors

Revenue Growth

Strong revenue growth indicates effective market penetration and demand for services, supporting long-term business expansion and stability.

Governance and Risk Management

Recognition for governance and risk management underscores robust management practices, enhancing investor confidence and sustainable growth.

Market Position

Fleet expansion enhances service capability and competitive edge, positioning the company well in the heavy lifting and logistics market.

Negative Factors

Free Cash Flow Decline

Declining free cash flow may limit future investments and liquidity, posing a risk to the company's financial flexibility and growth potential.

Gross Profit Margin Pressure

Decreasing margins suggest potential cost pressures, which could impact profitability if not managed effectively over time.

Debt Level Increase

Rising debt levels, if unchecked, can strain financial resources and limit strategic options, affecting long-term financial health.

Tiong Woon Corporation Holding Ltd Business Overview & Revenue Model

Company Description

Tiong Woon Corporation Holding Ltd (BQM) is a leading player in the heavy lifting and transportation sector in Singapore and the Asia-Pacific region. Specializing in providing integrated logistics solutions, the company offers a range of services that include heavy equipment transportation, crane rental, and project logistics. Tiong Woon's expertise extends to industries such as construction, oil and gas, and marine, where it supports large-scale projects through its extensive fleet of specialized vehicles and machinery.

How the Company Makes Money

Tiong Woon Corporation generates revenue primarily through its core services, which include heavy lifting, transportation, and logistics solutions. The company earns money by charging clients for the rental of its cranes and heavy vehicles, as well as for project management services. Key revenue streams include contracts with construction firms, oil and gas companies, and industrial projects, where Tiong Woon provides essential equipment and expertise. Significant partnerships with major corporations in these industries also contribute to its earnings, as they often require reliable logistics and heavy lifting services for large-scale operations. Additionally, Tiong Woon may benefit from long-term contracts and repeat business from satisfied clients, which helps stabilize revenue over time.

Tiong Woon Corporation Holding Ltd Financial Statement Overview

Summary

Tiong Woon Corporation Holding Ltd demonstrates strong revenue growth and stable profitability, supported by a balanced capital structure. However, the significant drop in free cash flow is a concern that needs addressing to ensure long-term financial health.

Income Statement

Tiong Woon Corporation Holding Ltd has shown consistent revenue growth over the years, with an 11.5% increase in the latest period. The company maintains healthy margins, with a gross profit margin of 37.57% and a net profit margin of 11.75%. However, there is a slight decline in gross profit margin compared to the previous year, indicating potential cost pressures.

Balance Sheet

The company has a moderate debt-to-equity ratio of 0.35, indicating a balanced approach to leveraging. Return on equity is stable at 5.96%, reflecting consistent profitability. The equity ratio is healthy, suggesting a solid capital structure, though the debt level has increased slightly over the years.

Cash Flow

Operating cash flow is strong, but free cash flow has decreased significantly by 69.16% in the latest period. The operating cash flow to net income ratio is 0.59, indicating efficient cash generation relative to earnings. However, the decline in free cash flow poses a risk to future investments and liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	163.52M	163.52M	143.13M	135.81M	122.59M	112.95M
Gross Profit	61.44M	61.44M	58.98M	54.15M	49.34M	42.44M
EBITDA	63.27M	63.27M	60.30M	56.30M	51.05M	48.85M
Net Income	19.22M	19.22M	18.21M	15.70M	11.39M	9.87M
Balance Sheet
Total Assets	532.32M	532.32M	519.06M	491.51M	476.26M	459.33M
Cash, Cash Equivalents and Short-Term Investments	64.83M	64.83M	81.30M	75.69M	56.19M	45.81M
Total Debt	111.78M	111.78M	92.81M	99.25M	116.27M	117.03M
Total Liabilities	210.01M	210.01M	209.70M	198.22M	195.36M	188.39M
Stockholders Equity	322.29M	322.29M	309.35M	293.36M	280.92M	270.92M
Cash Flow
Free Cash Flow	6.28M	6.28M	13.73M	39.93M	23.75M	21.09M
Operating Cash Flow	51.45M	51.45M	39.52M	43.52M	36.96M	29.06M
Investing Cash Flow	-34.43M	-34.43M	-9.98M	5.33M	-9.78M	-5.09M
Financing Cash Flow	-33.38M	-33.38M	-24.53M	-29.22M	-17.00M	-17.64M

Tiong Woon Corporation Holding Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.77
• 50DMA: Negative
• 100DMA: Negative
• 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:BQM, the sentiment is Negative. The current price of 0.77 is below the 20-day moving average (MA) of 0.79, below the 50-day MA of 0.78, and above the 200-day MA of 0.67, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.20 is Neutral, neither overbought nor oversold. The STOCH value of 9.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:BQM.

Tiong Woon Corporation Holding Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BQM	75 Outperform	S$186.95M	9.71	6.08%	2.29%	14.25%	5.61%
BKA	70 Outperform	€79.34M	14.63	5.15%	1.43%	-9.88%	-35.30%
MR7	70 Outperform	S$157.03M	9.38	13.44%	2.07%	13.35%	20.00%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Tiong Woon Corporation Holding Ltd Corporate Events

Tiong Woon Corporation Celebrates Dual Silver Wins at Singapore Corporate Awards 2025

Tiong Woon Corporation Holding Ltd has been awarded two Silver awards at the Singapore Corporate Awards 2025 for Best Managed Board and Best Risk Management in the Small Cap Category. This recognition highlights the company’s robust governance framework and effective risk management, marking a significant milestone in its commitment to integrity, accountability, and sustainable growth.

Tiong Woon Corporation Reports Strong FY2025 Revenue Growth

Tiong Woon Corporation Holding Ltd reported a robust revenue growth of 14% to $163.5 million for FY2025, driven mainly by its Heavy Lift and Haulage segment. The company also saw a 6% increase in net profit attributable to equity holders, reaching $19.2 million. Despite a slight decrease in gross profit margin due to the sales mix, TWC plans to increase its dividend by 17% to 1.75 cents per share. The company’s strategic focus on renewing and expanding its fleet aims to strengthen its competitive advantage and market presence amid geopolitical and trade uncertainties.