CDW Holding (BXE) AI Stock Analysis

• Market Cap: S$28.41M
• Dividend Yield: 9.81%
• Average Volume (3M): 92.03K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.27
• Revenue Growth: -13.03%
• EPS Growth: 0.55%
• Country: SG
• Employees: 544
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): >-0.01
• Shares Outstanding: 252,177,110
• 10 Day Avg. Volume: 104,760
• 30 Day Avg. Volume: 92,026
• PEG Ratio: -0.02
• Price to Book (P/B): 0.49
• Price to Sales (P/S): 0.26
• P/FCF Ratio: 4.66
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: S$0.14 ▲(3.85% Upside)

CDW Holding's overall stock score is primarily influenced by its financial performance challenges, including declining revenue and negative profit margins. Technical analysis provides some positive signals, but valuation remains a concern with a negative P/E ratio. The dividend yield offers a slight positive aspect for investors.

Positive Factors

Cash Flow Growth

Positive free cash flow growth indicates the company's ability to generate cash from operations, which can be reinvested for growth or used to reduce debt, enhancing long-term financial stability.

Manageable Leverage

A moderate debt-to-equity ratio suggests that the company is not overly reliant on debt financing, which can provide financial flexibility and reduce risk during economic downturns.

Service Contracts Revenue Model

A revenue model based on service contracts provides predictable and recurring income, which can stabilize cash flows and support long-term planning and investment.

Negative Factors

Declining Revenue

Declining revenue can indicate weakening demand for the company's products and services, which may impact its ability to invest in growth and maintain competitive positioning.

Negative Profit Margins

Negative profit margins suggest operational inefficiencies and can limit the company's ability to reinvest in business development, potentially hindering long-term growth.

Poor Return on Equity

A negative return on equity indicates that the company is not effectively using shareholders' equity to generate profits, which can deter investment and affect long-term shareholder value.

CDW Holding Business Overview & Revenue Model

Company Description

CDW Holding Limited, an investment holding company, produces and supplies precision components in Mainland China, Hong Kong, Japan, and internationally. It operates through LCD Backlight Units, Office Automation, OEM and Accessories, and Others segments. The company offers small to medium sized LCD backlight units and flexible printed circuits for use in range of equipment, including mobile communication, consumer IT, and entertainment equipment; and small to large sized high precision metal and plastic frames and reflectors for a range of equipment, such as notebook monitors, mobile phones, game box entertainment equipment, and GPS navigators. It also provides customized labels, shock absorbers, insulators, and other precision accessories for various office equipment and electrical appliances, including photocopiers, printers, TV monitors, projectors, microwave ovens, etc., as well as plastic injection for electronic consumer products and automobiles. In addition, the company offers bio-tech related research and development services, as well as research, develops, manufactures, and sells antibody related products. Further, the company engages in the manufacture, processing, and assembly of mobile payment device, niche precision components, and insulating materials; manufacture, sale, and marketing of healthcare and beauty products; food and beverage, and general trading business; trading of parts and precision accessories for LCD modules and electrical appliances; marketing and promotion of the application of bio-related patents; and food and beverage management and advisory services businesses. The company was founded in 1991 and is based in Sha Tin, Hong Kong.

How the Company Makes Money

CDW Holding generates revenue through multiple streams, mainly by offering IT solutions and consulting services to businesses. The company's revenue model is centered around service contracts, where clients pay for technology solutions tailored to their specific needs. Additionally, CDW Holding earns revenue from software licensing, sales of hardware, and maintenance services. Significant partnerships with leading technology providers further enhance their offerings, allowing the company to bundle products and services, which contributes to its overall profitability. The company also explores investment opportunities within its holding structure, potentially diversifying its income sources.

CDW Holding Financial Statement Overview

Summary

CDW Holding's financial performance is challenged by declining revenue and negative profit margins. The balance sheet shows manageable leverage but poor returns on equity. Cash flow metrics provide some optimism with positive free cash flow growth, but overall financial health requires improvement.

Income Statement

CDW Holding's income statement shows a concerning trend with declining revenue and negative profit margins. The TTM data indicates a gross profit margin of 15.13% and a net profit margin of -3.54%, reflecting operational challenges. Revenue has decreased significantly over the periods, with a TTM revenue growth rate of -1.92%. The negative EBIT and EBITDA margins further highlight profitability issues.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio of 0.156 in the TTM period, indicating manageable leverage. However, the return on equity is negative at -7.24%, suggesting inefficiencies in generating returns for shareholders. The equity ratio stands at 45.38%, showing a reasonable level of equity financing.

Cash Flow

Cash flow analysis shows some positive aspects, with a TTM free cash flow growth rate of 16.77%. The operating cash flow to net income ratio is 0.31, indicating that operating cash flow is covering net income. However, the free cash flow to net income ratio is 0.96, suggesting limited free cash flow relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	112.21M	85.80M	109.22M	147.99M	143.24M	147.70M
Gross Profit	16.97M	13.55M	18.72M	25.68M	26.11M	29.77M
EBITDA	-3.09M	-1.53M	2.57M	19.74M	7.50M	5.00M
Net Income	-3.97M	-4.42M	-1.07M	14.41M	2.35M	1.95M
Balance Sheet
Total Assets	94.49M	115.04M	95.97M	117.54M	108.82M	135.18M
Cash, Cash Equivalents and Short-Term Investments	25.69M	26.55M	27.40M	27.26M	28.60M	45.77M
Total Debt	6.71M	8.36M	9.84M	16.23M	13.48M	22.78M
Total Liabilities	32.77M	40.67M	42.55M	58.94M	58.12M	67.02M
Stockholders Equity	42.89M	44.90M	54.66M	59.50M	50.69M	68.14M
Cash Flow
Free Cash Flow	8.94M	4.71M	9.54M	4.10M	2.50M	4.21M
Operating Cash Flow	9.30M	5.34M	10.95M	4.96M	3.78M	5.97M
Investing Cash Flow	-509.98K	-433.00K	526.00K	-1.16M	-2.60M	-1.60M
Financing Cash Flow	-3.76M	-5.54M	-10.54M	-1.42M	-6.93M	-871.71K

CDW Holding Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.13
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BXE, the sentiment is Positive. The current price of 0.13 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.13, and above the 200-day MA of 0.13, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.37 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:BXE.

CDW Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Y3D	68 Neutral	S$56.91M	10.16	5.07%	4.10%	-6.98%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
A31	59 Neutral	S$237.33M	50.00	40.64%	―	31.67%	250.00%
BXE	55 Neutral	S$28.41M	-7.31	-6.67%	9.81%	-13.03%	0.55%
N01	53 Neutral	S$52.11M	-9.34	-13.95%	―	-11.99%	-2666.67%
S71	46 Neutral	S$27.63M	-4.75	-8.14%	―	-11.04%	-360.44%

CDW Holding Corporate Events

CDW Holding Changes Legal Representative for Japanese Subsidiaries

CDW Holding Limited has announced a change in the legal representative for its Japanese subsidiaries, GSP Enterprise Inc. and CDW Life Science Limited. With effect from 1 January 2026, Mr. NAKAHARA Satoshi replaces Mr. IMAI Junya as legal representative of both entities, signaling an adjustment in local corporate governance and management representation for the group’s operations in Japan.

The most recent analyst rating on (SG:BXE) stock is a Hold with a S$0.14 price target. To see the full list of analyst forecasts on CDW Holding stock, see the SG:BXE Stock Forecast page.

CDW Holding Unveils Breakthrough in Marine Coating Technology

CDW Holding Limited has announced a significant technological breakthrough with the development of a new additive for anti-fouling ship hull bottom paint, which has shown favorable results in static immersion tests in seawater. This innovation aligns with global efforts to reduce carbon emissions in the shipping industry and highlights CDW’s commitment to sustainability. The company is seeking strategic partnerships to further develop this next-generation graphene-based coating additive, which could enhance its market position and offer substantial benefits to stakeholders by addressing persistent marine challenges.