Wee Hur Holdings Ltd. (E3B) AI Stock Analysis

• Market Cap: S$445.83M
• Dividend Yield: 1.68%
• Average Volume (3M): 3.95M
• Price to Earnings (P/E): 8.1
• Beta (1Y): 0.96
• Revenue Growth: -10.70%
• EPS Growth: -45.35%
• Country: SG
• Employees: 217
• Sector: Industrials
• Sector Strength: 86
• Industry: Engineering & Construction
• EPS (TTM): -0.01
• Shares Outstanding: 935,916,100
• 10 Day Avg. Volume: 4,743,420
• 30 Day Avg. Volume: 3,947,920
• 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: 75 Outperform
• Price Target: S$0.50 ▲(4.17%Upside)

The stock's overall score is driven by strong technical analysis and valuation metrics. Financial performance remains solid, with high profitability margins and low leverage, despite challenges in revenue growth.

Wee Hur Holdings Ltd. Business Overview & Revenue Model

Company Description

Wee Hur Holdings Ltd. (E3B) is a Singapore-based investment holding company with a diversified portfolio primarily focused on the construction and property development sectors. The company is engaged in various segments including building construction, workers' dormitory accommodation, and purpose-built student accommodation. With a strong presence in Singapore and Australia, Wee Hur Holdings is committed to delivering high-quality and sustainable projects that meet client needs and enhance value for stakeholders.

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
EBITDA	49.09M	175.88M	-20.63M	-37.94M	24.05M
Net Income	54.03M	98.57M	67.92M	662.00K	24.73M
Balance Sheet
Total Assets	1.03B	973.77M	1.39B	1.37B	1.24B
Cash, Cash Equivalents and Short-Term Investments	101.85M	107.57M	38.77M	55.19M	108.15M
Total Debt	215.69M	221.08M	115.85M	624.15M	701.03M
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: 0.48
• 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 0.48 is above the 20-day moving average (MA) of 0.46, above the 50-day MA of 0.44, and above the 200-day MA of 0.40, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 65.80 is Neutral, neither overbought nor oversold. The STOCH value of 81.82 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
S56	76 Outperform	S$462.71M	4.89	12.39%	1.49%	-9.28%	-30.48%
E3B	75 Outperform	S$445.83M	8.10	8.58%	1.68%	-10.70%	-45.35%
Sector *	68 Neutral	$2.52B	13.38	7.40%	4.65%	-0.87%	8.24%
ER0	55 Neutral	€152.12M	―	-2.08%	7.14%	-61.31%	-6357.14%
F83	48 Neutral	S$546.38M	51.67	1.11%	―	-3.24%	200.00%

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.