Vicom Ltd (WJP) AI Stock Analysis

• Market Cap: S$631.13M
• Dividend Yield: 3.72%
• Average Volume (3M): 65.02K
• Price to Earnings (P/E): 13.7
• Beta (1Y): 0.35
• Revenue Growth: 18.43%
• EPS Growth: 10.46%
• Country: SG
• Employees: 959
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Dealerships
• EPS (TTM): 0.08
• Shares Outstanding: 354,568,000
• 10 Day Avg. Volume: 33,420
• 30 Day Avg. Volume: 65,020
• PEG Ratio: 0.30
• Price to Book (P/B): 3.61
• Price to Sales (P/S): 3.47
• P/FCF Ratio: 28.26
• 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: 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: 76 Outperform
• Price Target: S$2.00 ▲(20.48% Upside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is driven primarily by strong financial performance—especially the 2025 growth rebound and high margins—tempered by increased leverage and weaker free-cash-flow conversion. Technicals are broadly supportive with price holding above key longer-term averages and positive momentum, while valuation is a further tailwind due to a moderate P/E and solid dividend yield.

Positive Factors

Revenue recovery & accelerating growth

A sharp revenue rebound in 2025 indicates regained end-market demand and better utilization of the company’s sales platform. Durable top-line recovery supports scale economics, funds reinvestment, and reduces cyclicality risk over a 2–6 month horizon and beyond.

Negative Factors

Rising leverage

A meaningful step-up in debt reduces financial flexibility and increases interest and refinancing risk if conditions tighten. Higher leverage makes the firm more sensitive to demand shocks and could constrain strategic options like acquisitions or aggressive buybacks.

Vicom Ltd Business Overview & Revenue Model

Company Description

VICOM Ltd, an investment holding company, provides motor vehicle inspection, non-vehicle testing, and consultancy services in Singapore. The company offers vehicle inspection services, including inspection for petrol-driven and diesel-driven vehic...

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VICOM Ltd, an investment holding company, provides motor vehicle inspection, non-vehicle testing, and consultancy services in Singapore. The company offers vehicle inspection services, including inspection for petrol-driven and diesel-driven vehic...

How the Company Makes Money

Vicom makes money primarily by charging fees for mandatory vehicle inspection and testing services required for regulatory compliance (e.g., periodic roadworthiness inspections). Revenue is generated on a per-inspection/per-test basis from vehicle...

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Vicom makes money primarily by charging fees for mandatory vehicle inspection and testing services required for regulatory compliance (e.g., periodic roadworthiness inspections). Revenue is generated on a per-inspection/per-test basis from vehicle...

Vicom Ltd Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	133.03M	167.41M	117.16M	111.90M	108.30M	100.89M
Gross Profit	53.22M	69.13M	47.49M	48.49M	47.38M	46.20M
EBITDA	43.06M	62.36M	45.11M	42.83M	40.67M	38.49M
Net Income	30.72M	42.48M	29.28M	27.60M	26.18M	24.78M
Balance Sheet
Total Assets	217.68M	250.41M	211.21M	196.37M	186.97M	199.76M
Cash, Cash Equivalents and Short-Term Investments	55.63M	57.90M	60.70M	55.07M	60.49M	75.36M
Total Debt	33.98M	66.69M	31.88M	31.42M	31.16M	31.76M
Total Liabilities	71.27M	86.61M	68.70M	64.07M	63.14M	71.55M
Stockholders Equity	145.15M	161.24M	140.77M	130.90M	122.92M	127.25M
Cash Flow
Free Cash Flow	19.12M	20.58M	23.04M	18.87M	16.48M	17.38M
Operating Cash Flow	40.63M	59.63M	34.94M	31.66M	25.39M	29.66M
Investing Cash Flow	-18.21M	-39.33M	-8.16M	-14.21M	-8.34M	-12.90M
Financing Cash Flow	-22.73M	-23.18M	-21.20M	-22.82M	-31.86M	-34.63M

Vicom Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.66
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:WJP, the sentiment is Positive. The current price of 1.66 is below the 20-day moving average (MA) of 1.77, below the 50-day MA of 1.73, and above the 200-day MA of 1.62, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 54.91 is Neutral, neither overbought nor oversold. The STOCH value of 72.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:WJP.

Vicom Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WJP	76 Outperform	S$631.13M	13.69	20.75%	3.72%	18.43%	10.46%
1D0	71 Outperform	S$491.44M	13.83	12.07%	5.06%	0.86%	0.37%
T6I	62 Neutral	S$1.00B	8.87	17.10%	3.92%	20.97%	37.69%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
H18	57 Neutral	S$539.78M	-19.00	-1.45%	2.14%	-2.09%	-302.48%