Combine Will International Holdings Limited (N0Z) AI Stock Analysis

• Market Cap: S$38.47M
• Dividend Yield: 3.59%
• Average Volume (3M): 4.38K
• Price to Earnings (P/E): 4.9
• Beta (1Y): -0.05
• Revenue Growth: 31.81%
• EPS Growth: 7.26%
• Country: SG
• Employees: 18,000
• Sector: Industrials
• Sector Strength: 89
• Industry: Leisure
• EPS (TTM): 0.13
• Shares Outstanding: 32,327,400
• 10 Day Avg. Volume: 4,060
• 30 Day Avg. Volume: 4,380
• PEG Ratio: 0.29
• Price to Book (P/B): 0.34
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.26
• 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: -19.35% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 71 Outperform
• Price Target: S$1.50 ▲(20.97%Upside)

The stock's overall score is driven by strong financial performance and attractive valuation, though tempered by cautionary technical signals. The lack of earnings call data and corporate events does not influence this assessment.

Combine Will International Holdings Limited Business Overview & Revenue Model

Company Description

Combine Will International Holdings Limited, an investment holding company, operates as an original design manufacturer, original equipment manufacturer, and supplier of corporate premiums, toys, and consumer products worldwide. It also manufactures and trades in plastic toys, die castings, and electronics parts. The company was founded in 1992 and is based in Tai Po, Hong Kong. Combine Will International Holdings Limited is a subsidiary of Raffles Nominees (Pte.) Ltd.

How the Company Makes Money

Combine Will International Holdings Limited generates revenue primarily through its ODM and OEM services. The company collaborates with major international brands to design and manufacture products, which are then sold under the clients' brand names. Key revenue streams include the production of toys, which constitutes a significant portion of their business, as well as the manufacture of high-precision molds and components for various industries. Additionally, Combine Will benefits from strategic partnerships with major global entities, contributing to a stable and diversified income base. Their ability to provide comprehensive manufacturing solutions from design to production enables them to maintain strong, long-term relationships with their clients, thereby ensuring a steady flow of revenue.

Combine Will International Holdings Limited Financial Statement Overview

Summary

Combine Will International Holdings Limited shows strong revenue growth and a solid equity position, with efficient cost management indicated by a healthy gross profit margin. However, there is room for improvement in net profitability and cash conversion, as indicated by the net profit margin and free cash flow challenges.

Income Statement

The company has demonstrated strong revenue growth, with a significant increase from the previous year. The gross profit margin is healthy, indicating efficient cost management. However, the net profit margin, while positive, suggests room for improvement in controlling non-operating expenses.

Balance Sheet

The balance sheet shows a favorable equity ratio, indicating a strong equity position relative to assets. The debt-to-equity ratio is moderate, suggesting a balanced approach to leverage. However, the return on equity shows potential for improvement, indicating that net income could be optimized further.

Cash Flow

The cash flow statement reflects a decrease in free cash flow due to increased capital expenditures, which could impact liquidity. The operating cash flow remains positive, indicating sufficient cash generation from operations. However, the free cash flow to net income ratio suggests that net income could be better converted into free cash flow.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.47B	1.11B	236.22M	197.17M	170.21M
Gross Profit	153.80M	128.45M	24.33M	15.67M	13.59M
EBITDA	175.58M	178.12M	27.46M	153.76M	132.47M
Net Income	45.73M	42.53M	7.53M	7.06M	5.50M
Balance Sheet
Total Assets	1.61B	1.43B	265.08M	286.31M	272.13M
Cash, Cash Equivalents and Short-Term Investments	202.06M	248.71M	43.47M	33.81M	30.24M
Total Debt	433.87M	340.00M	68.87M	82.59M	79.57M
Total Liabilities	861.65M	684.87M	141.33M	157.62M	153.50M
Stockholders Equity	746.45M	742.68M	123.75M	128.68M	118.63M
Cash Flow
Free Cash Flow	-51.94M	42.26M	33.08M	17.05M	-1.35M
Operating Cash Flow	58.52M	135.27M	50.18M	42.45M	27.13M
Investing Cash Flow	-153.63M	-88.47M	-16.77M	-25.19M	-28.66M
Financing Cash Flow	73.27M	-51.38M	-15.34M	-10.98M	-7.82M

Combine Will International Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.24
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:N0Z, the sentiment is Positive. The current price of 1.24 is above the 20-day moving average (MA) of 1.14, above the 50-day MA of 1.11, and above the 200-day MA of 0.93, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 80.20 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:N0Z.

Combine Will International Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
N0Z	71 Outperform	S$38.47M	4.91	6.10%	3.59%	31.81%	7.26%
Sector *	65 Neutral	$11.04B	15.74	4.60%	2.11%	3.27%	-26.87%
BLZ	―	S$12.15M	―	-8.98%	―	―	―

Combine Will International Holdings Limited Corporate Events

Combine Will International Holds AGM, Discusses Shareholder Engagement

Combine Will International Holdings Limited held its Annual General Meeting on April 24, 2025, in Singapore. The meeting included the introduction of the board and management, explanation of shareholder voting procedures, and the appointment of Morgan Lewis Stamford LLC as scrutineers for the poll. Shareholders were given the opportunity to ask questions and vote on resolutions either in person or by proxy.

Combine Will International Announces Final Dividend and Strategic Shareholder Support

Combine Will International Holdings Limited has announced a final tax-exempt one-tier dividend of S$0.05 per ordinary share for the financial year ending December 31, 2024, with the payment date set for June 6, 2025. In a significant move, the majority shareholder, DJKS Holdings Limited, has voluntarily deferred its dividend entitlement to provide the company with a financial buffer amidst global economic uncertainties, demonstrating strong support and commitment to the company’s financial health.