Wing Tai Holdings Limited (W05) AI Stock Analysis

• Market Cap: S$958.66M
• Dividend Yield: 2.38%
• Average Volume (3M): 163.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.41
• Revenue Growth: -41.20%
• EPS Growth: -154.51%
• Country: SG
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 73
• Industry: Real Estate - Diversified
• EPS (TTM): -0.12
• Shares Outstanding: 793,927,250
• 10 Day Avg. Volume: 120,500
• 30 Day Avg. Volume: 162,996
• PEG Ratio: -1.79
• Price to Book (P/B): 0.36
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.56
• 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: 51 Neutral
• Price Target: ―

Wing Tai Holdings Limited's overall score reflects significant financial and operational challenges. The company's declining revenues and net losses weigh heavily on its financial performance score. Technical analysis provides mixed signals with potential bearish momentum, while valuation is impacted by negative earnings. Despite these challenges, a stable balance sheet and moderate leverage are positives, but cash flow issues remain a concern.

Wing Tai Holdings Limited Business Overview & Revenue Model

Company Description

Wing Tai Holdings Limited, listed on the Singapore Exchange under the symbol W05, is a prominent investment holding and property company. The company primarily operates in the real estate development, real estate investment, and hospitality sectors. With a diversified portfolio, Wing Tai Holdings is engaged in the development of residential, commercial, and retail properties across Singapore, Malaysia, and other regions. The company is also involved in the management and operation of hospitality properties, providing a comprehensive suite of services in the real estate industry.

How the Company Makes Money

Wing Tai Holdings Limited generates its revenue through several key streams. The primary source of income is from the development and sale of residential and commercial properties, where the company leverages its expertise in real estate to create high-quality developments that appeal to various market segments. Additionally, the company earns recurring income from its investment properties, which include office spaces, retail malls, and hospitality properties. These assets provide a steady stream of rental income and contribute to the company's financial stability. Wing Tai Holdings also partners with other real estate firms and investors to co-develop properties, which can enhance its revenue through shared investments and reduced risks. Furthermore, the company benefits from its strategic investments in hospitality, where it earns income through the management and operation of hotels and serviced residences.

Wing Tai Holdings Limited Financial Statement Overview

Summary

Wing Tai Holdings Limited is facing financial challenges, with declining revenues and significant net losses impacting profitability. The balance sheet remains stable with a strong equity position and moderate leverage, but cash flow issues present liquidity concerns. Overall, financial performance is below average due to these profitability and cash flow challenges.

Income Statement

The TTM data shows a decline in revenue and profitability. Gross profit margin is approximately 51.5%, indicating solid profitability at the operational level. However, the net profit margin is negative due to significant net losses, reflecting underlying challenges. Revenue has decreased compared to previous periods, showing a negative growth trajectory. The EBIT and EBITDA margins are also modest, indicating profitability challenges.

Balance Sheet

The balance sheet shows a strong equity position with an equity ratio of about 69.7%, indicating financial stability. However, the debt-to-equity ratio is approximately 0.36, reflecting a moderate level of leverage. Return on equity is negative in the TTM period due to net losses, which is a concern for profitability.

Cash Flow

The cash flow statement reflects challenges with negative operating and free cash flows in the TTM period. The free cash flow has decreased significantly compared to prior periods. The operating cash flow to net income ratio is negative due to significant losses, indicating cash flow issues. However, past periods showed positive cash flow generation.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
184.15M	169.17M	476.27M	514.59M	461.40M	371.03M
	Gross Profit
94.80M	98.48M	142.49M	164.57M	171.09M	180.27M
	EBIT
17.06M	22.54M	22.50M	62.26M	69.64M	44.97M
	EBITDA
10.91M	-25.94M	36.56M	79.28M	100.91M	70.57M
	Net Income Common Stockholders
-89.09M	-78.69M	6.59M	140.16M	43.57M	15.97M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
421.80M	605.90M	402.09M	479.02M	728.06M	605.48M
	Total Assets
4.28B	3.99B	4.15B	4.26B	4.49B	4.65B
	Total Debt
1.08B	810.42M	828.75M	599.87M	734.35M	805.23M
	Net Debt
660.44M	204.53M	426.66M	120.85M	6.29M	199.75M
	Total Liabilities
1.23B	957.03M	946.19M	750.79M	937.09M	1.07B
	Stockholders Equity
2.99B	2.97B	3.14B	3.43B	3.48B	3.51B
Cash Flow		Free Cash Flow
-411.86M	334.88M	-170.38M	91.68M	145.71M	274.22M
	Operating Cash Flow
-407.86M	339.85M	-165.54M	97.53M	149.50M	277.27M
	Investing Cash Flow
44.31M	-8.56M	34.57M	25.86M	154.62M	50.82M
	Financing Cash Flow
97.34M	-104.81M	29.51M	-380.17M	-138.31M	58.75M

Wing Tai Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.26
• 50DMA: Positive
• 100DMA: Positive
• 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:W05, the sentiment is Positive. The current price of 1.26 is above the 20-day moving average (MA) of 1.23, above the 50-day MA of 1.18, and above the 200-day MA of 1.24, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 58.20 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:W05.

Wing Tai Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
F17	74 Outperform	€1.64B	13.86	2.74%	4.18%	-10.37%	-39.46%
B61	73 Outperform	S$1.04B	9.08	7.43%	4.11%	83.05%	130.71%
Sector *	61 Neutral	$2.85B	10.99	0.40%	6.10%	5.75%	-21.23%
T24	54 Neutral	S$323.52M	134.21	0.20%	2.69%	-36.61%	-52.50%
W05	51 Neutral	S$958.66M	―	-3.05%	2.38%	-41.20%	-154.51%

Wing Tai Holdings Limited Corporate Events

Wing Tai Properties Issues Profit Warning for 2024

Wing Tai Properties Limited has issued a profit warning, indicating a significant estimated loss of approximately HK$2,600 million for the year ending December 31, 2024, compared to a loss of HK$890.4 million in 2023. This anticipated loss is primarily due to adverse changes in the fair value of investment properties and financial instruments, as well as impairment provisions for properties under development. Despite these non-cash losses, the company’s overall financial, business, and trading positions remain healthy, with no impact on operating cash flow.