Tiong Woon Corporation Holding Ltd (BQM) AI Stock Analysis

• Market Cap: S$179.98M
• Dividend Yield: 0.77%
• Average Volume (3M): 257.59K
• Price to Earnings (P/E): 9.3
• Beta (1Y): 0.38
• 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: 171,150
• 30 Day Avg. Volume: 257,590
• 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: 28.21% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• 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 integrated services provider in the oil and gas, petrochemical, infrastructure, and construction sectors. The company specializes in heavy lift and haulage services, offering a comprehensive suite of solutions including crane and equipment rental, project logistics management, and engineering services. With operations spanning across Asia and the Middle East, Tiong Woon is recognized for its expertise in handling complex and large-scale projects.

How the Company Makes Money

Tiong Woon Corporation Holding Ltd generates revenue through a diversified business model primarily centered around its core services of heavy lift and haulage. The company earns income by renting out its extensive fleet of cranes and transportation equipment to clients in various industries, particularly those in oil and gas, petrochemicals, and construction. Additionally, Tiong Woon provides project logistics management services that involve the planning and execution of transportation and lifting activities for major projects, which further contributes to their revenue. Engineering services, including consultancy and project management, also play a significant role in the company's earnings. Strategic partnerships with key industry players and long-term contracts with major clients are crucial factors that enhance Tiong Woon's revenue streams.

Tiong Woon Corporation Holding Ltd Financial Statement Overview

Summary

Tiong Woon Corporation Holding Ltd showcases a strong financial profile with consistent revenue growth and profitability. The company maintains a solid balance sheet with a healthy equity ratio and manageable debt levels. Cash flow management is robust, highlighted by significant free cash flow growth. However, there is room for improvement in cost management to enhance profit margins.

Income Statement

Tiong Woon Corporation Holding Ltd has demonstrated strong revenue growth with a TTM (Trailing-Twelve-Months) revenue increase of 8.4% compared to the previous year. The company maintains solid profitability, with a TTM gross profit margin of 38.5% and a net profit margin of 13.3%. The EBIT margin of 37% and EBITDA margin of 35% reflect efficient operations. However, the slight decline in gross profit margin over the past year indicates room for improvement in cost management.

Balance Sheet

The balance sheet displays a healthy equity ratio of 59%, suggesting strong capital structure and financial stability. The debt-to-equity ratio of 0.34 indicates moderate leverage, which is manageable. Return on equity (ROE) stands at 6.1%, reflecting modest returns on shareholders' investments. The company's ability to maintain a strong equity position while controlling debt levels is a key strength.

Cash Flow

The company shows robust cash flow management with a notable free cash flow growth of 48.2% in the latest period. Operating cash flow to net income ratio of 2.4 reveals efficient conversion of income into cash. The free cash flow to net income ratio of 1.04 underscores the company's capacity to generate cash beyond its net income, though capital expenditures have increased, suggesting potential future growth investments.

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

Tiong Woon Corporation Holding Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• 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 Neutral. 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 0.65, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.30 is Neutral, neither overbought nor oversold. The STOCH value of 10.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$179.98M	9.35	6.08%	0.77%	14.25%	5.61%
MR7	72 Outperform	S$160.91M	9.61	13.49%	1.99%	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.