Tiong Woon Corporation Holding Ltd (BQM) AI Stock Analysis

• Market Cap: S$178.82M
• Dividend Yield: 0.76%
• Average Volume (3M): 170.50K
• Price to Earnings (P/E): 9.3
• Beta (1Y): 0.40
• 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$0.87
• Price Target Upside: 11.54% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 75 Outperform
• Price Target: S$1.00 ▲(28.21% Upside)

The overall stock score of 74.5 reflects strong financial performance and a positive technical outlook, supported by a favorable valuation. The company's stable revenue growth and efficient operations are significant strengths, while the low P/E ratio suggests potential undervaluation. However, challenges in free cash flow management could impact future financial flexibility.

Tiong Woon Corporation Holding Ltd Business Overview & Revenue Model

Company Description

Tiong Woon Corporation Holding Ltd (BQM) is a leading provider of integrated logistics and heavy lifting services based in Singapore. The company operates primarily in the construction, marine, and oil and gas sectors, offering a wide range of services that include heavy lifting and transportation, project logistics, and engineering services. BQM is known for its expertise in managing complex logistics challenges and providing tailored solutions to meet the demands of its diverse clientele.

How the Company Makes Money

Tiong Woon Corporation generates revenue through several key streams, primarily by providing heavy lifting and logistics services to various sectors such as construction, marine, and oil and gas. The company earns money by charging clients for the transportation and installation of heavy equipment, as well as for engineering and project management services. Significant partnerships with major players in the construction and energy industries enhance their project opportunities and contribute to revenue growth. Additionally, BQM may engage in long-term contracts that provide a stable income stream, while the company's investment in specialized equipment allows them to maintain a competitive edge and cater to large-scale projects, further bolstering their earnings.

Tiong Woon Corporation Holding Ltd Financial Statement Overview

Summary

Tiong Woon Corporation Holding Ltd demonstrates strong revenue growth and profitability, supported by efficient operations. The balance sheet reflects prudent leverage management, though return on equity could be improved. Cash flow management shows some weaknesses, particularly in free cash flow generation, which may impact future financial flexibility. Overall, the company is in a stable financial position with room for improvement in cash flow management.

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 gross and net profit margins, although there was a slight decline in gross profit margin compared to the previous year. EBIT and EBITDA margins remain strong, indicating efficient operational management.

Balance Sheet

The company's debt-to-equity ratio has improved over time, reflecting better leverage management. Return on equity is stable, though not exceptionally high, indicating moderate efficiency in generating profits from shareholders' equity. The equity ratio suggests a solid capital structure with a good proportion of equity financing.

Cash Flow

Operating cash flow is robust, but free cash flow has seen a significant decline recently, which could be a concern for future investments and debt servicing. The operating cash flow to net income ratio is healthy, indicating good cash generation relative to net income. However, the drop in free cash flow growth rate suggests potential challenges in maintaining 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: Positive
• Last Price: 0.78
• 50DMA: Negative
• 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:BQM, the sentiment is Positive. The current price of 0.78 is below the 20-day moving average (MA) of 0.79, below the 50-day MA of 0.79, and above the 200-day MA of 0.66, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.36 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$178.82M	9.29	6.08%	0.76%	14.25%	5.61%
MR7	64 Neutral	S$151.22M	9.03	13.44%	2.10%	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 Posts Revenue Growth Amid Market Challenges

Tiong Woon Corporation Holding Ltd reported a revenue of $78.8 million for the first half of fiscal year 2025, marking a 5% increase compared to the previous year. Despite a decrease in gross profit and margin, net profit attributable to equity holders rose by 12% to $12.1 million. The company plans to enhance operational efficiency and customer satisfaction amid challenging geopolitical conditions to strengthen its market position.