Tiong Woon Corporation Holding Ltd

Chart & Performance

D1W1MN

P/E

7.58

P/S

0.96

EPS

0.08

Div Yield, %

1.68%

Shrs. gr., 5y

—

Rev. gr., 5y

-2.56%

Revenues

143m

+5.39%

Net income

18m

+15.98%

CFO

40m

-9.19%

Dividend

Nov 06, 20230.006 SGD/sh

Profile

Tiong Woon Corporation Holding Ltd, an investment holding company, provides integrated services for the oil and gas, petrochemical, infrastructure, and construction sectors. The company operates through three segments: Heavy Lift and Haulage, Marine Transportation, and Trading. It offers heavy lift and haulage, marine transportation, and inland transportation services; equipment installation services, such as trays and structures; project engineering services for heavy lifting and haulage requirements; maintenance and repair services; and wall tie installation, foundation anchor, and jacking up services. The company also leases heavy haulage equipment that consists of prime movers, low beds, self-propelled modular trailers, tow trucks, and trailers for the transportation of heavy process equipment, such as modules and structures; supplies various models of tower cranes for sale and rent; and refurbishes, delivers, maintains, jack downs, dismantles, and erects tower cranes. In addition, it provides tug and barge services for various sea transportation projects; and distributes and trades in new and used crawler, mobile, and tower cranes. Further, the company sells and hires cranes and transport; and sells, services, and leases equipment. Additionally, it provides mechanical and infrastructure engineering, structural work, freight forwarding, and logistics related services. As of June 30, 2022, the company had a fleet of 531 cranes and tower cranes and 280 haulage assets; and 7 tugboats and 8 barges. It operates in Singapore, Brunei, the Middle East, India, Malaysia, Thailand, Indonesia, China, Bangladesh, Myanmar, the Philippines, Sri Lanka, and Vietnam. The company was founded in 1978 and is headquartered in Singapore.

URL

http://www.tiongwoon.com/

IPO date

Sep 17, 1999

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title SGD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY
Title SGD in thousands, except ratios and share amounts	2024‑06	2023‑06	2022‑06	2021‑06	2020‑06
Income
Revenues	143,132 5.39%	135,815 10.79%	122,588 8.53%
Cost of revenue	85,795	83,084	74,376
Unusual Expense (Income)
NOPBT	57,337	52,731	48,212
NOPBT Margin	40.06%	38.83%	39.33%
Operating Taxes	4,889	4,629	5,064
Tax Rate	8.53%	8.78%	10.50%
NOPAT	52,448	48,102	43,148
Net income	18,207 15.98%	15,698 37.81%	11,391 15.38%
Dividends	(2,318)	(1,159)	(929)
Dividend yield	1.98%	1.01%	0.77%
Proceeds from repurchase of equity		(192)
BB yield		0.17%
Debt
Debt current	19,668	20,768	21,191
Long-term debt	111,225	120,623	147,864
Deferred revenue
Other long-term liabilities	29,662	24,221	5,361
Net debt	45,444	62,869	110,112
Cash flow
Cash from operating activities	39,522	43,523	36,961
CAPEX	(25,795)	(3,594)	(13,211)
Cash from investing activities	(9,979)	5,331	(9,779)
Cash from financing activities	(24,526)	(29,223)	(16,997)
FCF	42,218	53,313	31,792
Balance
Cash	81,297	75,695	56,185
Long term investments	4,152	2,827	2,758
Excess cash	78,292	71,731	52,814
Stockholders' equity	312,251	296,274	281,777
Invested Capital	353,546	340,726	344,899
ROIC	15.11%	14.03%	12.47%
ROCE	13.28%	11.97%	11.32%
EV
Common stock shares outstanding	231,835	231,907	232,235
Price	0.51 2.02%	0.50 -4.81%	0.52 -7.14%
Market cap	117,077 1.99%	114,794 -4.94%	120,762 -7.14%
EV	162,538	177,592	230,845
EBITDA	90,591	84,792	80,104
EV/EBITDA	1.79	2.09	2.88
Interest	3,864	3,951	2,766
Interest/NOPBT	6.74%	7.49%	5.74%