Wee Hur Holdings Ltd. (E3B) AI Stock Analysis

• Market Cap: S$399.87M
• Dividend Yield: 1.84%
• Average Volume (3M): 4.48M
• Price to Earnings (P/E): 7.3
• Beta (1Y): 0.91
• Revenue Growth: -10.70%
• EPS Growth: -45.35%
• Country: SG
• Employees: 217
• Sector: Industrials
• Sector Strength: 88
• Industry: Engineering & Construction
• EPS (TTM): -0.01
• Shares Outstanding: 935,916,100
• 10 Day Avg. Volume: 2,448,590
• 30 Day Avg. Volume: 4,478,653
• PEG Ratio: <0.01
• Price to Book (P/B): 0.38
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.51
• 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

• Rating: 70 Neutral
• Price Target: S$0.50 ▲(13.64%Upside)

The stock's overall performance is bolstered by a strong valuation, with a low P/E ratio and high dividend yield providing attractive investment prospects. Financial performance is stable, although revenue and asset management improvements are needed. Technical analysis shows neutral momentum, contributing moderately to the stock's outlook.

Wee Hur Holdings Ltd. Business Overview & Revenue Model

Company Description

Wee Hur Holdings Ltd., an investment holding company, engages in building construction, workers' dormitory, property development, and fund management businesses in Singapore and Australia. The company operates through eight segments: Building Construction, Workers' Dormitory, Property Development, Corporate, PBSA, Fund Management, Venture Capital, and PBSA Operation. It develops and sells residential, industrial, commercial, or mixed developments; and leases office and commercial properties. The company also provides various construction services, including new construction, additions and alterations, refurbishment and upgrading, and restoration and conservation of heritage and conservation buildings. Its construction projects comprise residential, commercial, industrial, institutional, religious, restoration, and conservation projects. In addition, the company builds and operates dormitory complexes for foreign workers in construction, marine, process, and manufacturing industries. Further, it builds, operates, and manages student accommodation for local and foreign students; and engages in the business of carrying out venture capital activities. Wee Hur Holdings Ltd. was founded in 1980 and is headquartered in Singapore.

How the Company Makes Money

Wee Hur Holdings Ltd. generates revenue through several key streams. The primary source of income is its construction business, which involves the execution of building projects for both public and private sectors, including residential, commercial, and industrial developments. Another significant revenue stream comes from its property development activities, where the company engages in the acquisition, development, and sale of residential and commercial properties. Additionally, Wee Hur Holdings earns income from its workers' dormitory accommodation services, providing housing facilities for migrant workers in Singapore. The company's expansion into the purpose-built student accommodation sector in Australia also contributes to its earnings, offering long-term rental income. Strategic partnerships and joint ventures in various projects further support its revenue generation.

Wee Hur Holdings Ltd. Financial Statement Overview

Summary

Wee Hur Holdings Ltd. has demonstrated robust profitability margins and cash flow generation, with a strong balance sheet characterized by low leverage. However, challenges exist in maintaining revenue growth and managing the asset base.

Income Statement

The company has shown a volatile revenue trend with a recent decline in total revenue by approximately 11% from 2023 to 2024. However, the gross profit margin improved significantly from 23.8% in 2023 to 38.8% in 2024, indicating better cost management. The net profit margin also increased from 43.8% to 26.9% due to a substantial decrease in net income, although it remains strong. EBIT and EBITDA margins indicate operational efficiency with a slight decline in EBITDA margin.

Balance Sheet

The company's balance sheet shows a strong equity base, with an equity ratio of 63.3% in 2024, indicating financial stability. The debt-to-equity ratio improved to 0.33, reflecting reduced financial leverage. However, the total assets have decreased, indicating a potential reduction in asset base or investment. Return on equity is robust at 8.3%, showcasing effective use of equity in generating profits.

Cash Flow

The cash flow statement reflects strong free cash flow generation of 79.7 million in 2024, despite a downturn in operating cash flow from the previous year. The free cash flow to net income ratio is solid, indicating effective conversion of profits into cash. However, investing cash flow is negative, suggesting significant capital expenditures or investments which may impact future liquidity.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
200.79M	224.84M	215.89M	200.38M	189.94M
	Gross Profit
77.99M	53.60M	25.36M	8.46M	20.84M
	EBIT
46.67M	20.88M	-10.75M	43.87M	49.63M
	EBITDA
49.09M	175.88M	-20.63M	-37.94M	24.05M
	Net Income Common Stockholders
54.03M	98.57M	67.92M	662.00K	24.73M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
101.85M	107.57M	38.77M	55.19M	108.15M
	Total Assets
1.03B	973.77M	1.39B	1.37B	1.24B
	Total Debt
215.69M	221.08M	115.85M	624.15M	701.03M
	Net Debt
113.84M	113.76M	77.32M	570.72M	595.94M
	Total Liabilities
369.76M	344.93M	688.79M	758.04M	816.70M
	Stockholders Equity
653.49M	606.14M	490.04M	449.09M	417.91M
Cash Flow		Free Cash Flow
79.73M	83.66M	41.77M	10.05M	-73.82M
	Operating Cash Flow
80.60M	84.76M	42.15M	10.74M	-70.56M
	Investing Cash Flow
-84.98M	-43.83M	-18.59M	-116.54M	-139.11M
	Financing Cash Flow
7.46M	-2.21M	-29.57M	102.92M	205.03M

Wee Hur Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.44
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:E3B, the sentiment is Positive. The current price of 0.44 is above the 20-day moving average (MA) of 0.42, above the 50-day MA of 0.43, and above the 200-day MA of 0.38, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.60 is Neutral, neither overbought nor oversold. The STOCH value of 91.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:E3B.

Wee Hur Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
E3B	70 Neutral	S$399.87M	7.26	8.58%	1.84%	-10.70%	-45.35%
Sector *	66 Neutral	$4.51B	12.29	5.40%	3.67%	4.15%	-12.21%
XEUA		€95.30M	―	-2.08%	4.25%	―	―
5VS		S$155.00M	5.63	22.27%	4.17%	―	―
F83	56 Neutral	S$288.86M	52.92	1.11%	―	-3.24%	200.00%
J2T		S$189.48M	5.92	11.79%	4.86%	―	―
S56	76 Outperform	S$433.12M	4.57	12.39%	4.97%	-9.28%	-30.48%

Wee Hur Holdings Ltd. Corporate Events

Wee Hur Holdings Launches S$500 Million Multicurrency Note Programme

Wee Hur Holdings Ltd. has established a S$500,000,000 multicurrency medium term note programme, allowing the company to issue notes in various currencies and tenors. The programme, arranged by DBS Bank Ltd. and United Overseas Bank Limited, aims to support the company’s general corporate purposes, including refinancing existing borrowings and financing investments, acquisitions, and capital expenditures.

Wee Hur Holdings Ltd. Reviews Milestones and Future Challenges at AGM

Wee Hur Holdings Ltd. held its eighteenth annual general meeting on April 30, 2025, where key company executives, including the Executive Chairman and Managing Director, Mr. Goh Yeow Lian, were present. During the meeting, a presentation was given by Mr. Goh Wee Ping, CEO of Wee Hur Capital Pte. Ltd., highlighting the company’s milestones, business review, financial performance, sustainability efforts, and the challenges ahead. This meeting underscores the company’s commitment to transparency and engagement with its shareholders, providing insights into its strategic direction and operational focus.

Wee Hur Holdings Secures Major HDB Projects

Wee Hur Holdings Ltd.’s subsidiary, Wee Hur Construction Pte Ltd, has secured two significant projects from the Housing & Development Board, valued at S$203 million and S$236.4 million respectively. These projects, while substantial, are not expected to materially impact the company’s consolidated net tangible assets or earnings per share for the fiscal year ending December 2025, indicating stable financial projections despite the new contracts.

Wee Hur Holdings Ltd. Reports Cybersecurity Incident

Wee Hur Holdings Ltd. has announced a cybersecurity incident involving a phishing attack on its IT servers, affecting its subsidiary Y Suites Australia Pty Ltd. The company has engaged cybersecurity experts and reported the incident to the Personal Data Protection Commission in Singapore, while assessing its obligations in Australia. Preliminary assessments indicate no significant impact on business operations, and the company is reviewing its IT systems to enhance cybersecurity measures. Shareholders are advised to exercise caution in their dealings with the company’s shares.