Financials King Wan Corporation Limited

Equities

554

SG1J32888328

Construction & Engineering

Market Closed - Singapore S.E. 08:48:58 10/05/2024 am IST 5-day change 1st Jan Change
0.029 SGD +3.57% Intraday chart for King Wan Corporation Limited +7.41% +16.00%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 50.63 40.85 27.93 14.67 25.84 24.44
Enterprise Value (EV) 1 80.46 71.56 55.86 38.28 42.03 47.91
P/E ratio -10.4 x 17.2 x 66.6 x -9.85 x 38.2 x -5.1 x
Yield - - - - - -
Capitalization / Revenue 0.69 x 0.52 x 0.39 x 0.32 x 0.33 x 0.26 x
EV / Revenue 1.09 x 0.9 x 0.77 x 0.83 x 0.54 x 0.52 x
EV / EBITDA -26.4 x 18.1 x 10.6 x -79.8 x 25.7 x -6.38 x
EV / FCF -8.03 x 24.1 x 6.65 x 63.5 x 66.2 x -13.4 x
FCF Yield -12.5% 4.14% 15% 1.57% 1.51% -7.49%
Price to Book 0.73 x 0.59 x 0.5 x 0.25 x 0.37 x 0.39 x
Nbr of stocks (in thousands) 3,49,177 3,49,177 3,49,177 3,49,177 6,98,354 6,98,354
Reference price 2 0.1450 0.1170 0.0800 0.0420 0.0370 0.0350
Announcement Date 09/07/18 11/07/19 13/09/20 14/07/21 13/07/22 13/07/23
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 73.79 79.32 72.4 45.91 77.19 92.43
EBITDA 1 -3.051 3.944 5.273 -0.48 1.635 -7.515
EBIT 1 -3.889 3.044 4.65 -1.031 1.043 -8.122
Operating Margin -5.27% 3.84% 6.42% -2.25% 1.35% -8.79%
Earnings before Tax (EBT) 1 -3.643 3.326 1.233 -1.404 0.548 -5.601
Net income 1 -4.848 2.373 0.42 -1.489 0.605 -4.794
Net margin -6.57% 2.99% 0.58% -3.24% 0.78% -5.19%
EPS 2 -0.0139 0.006795 0.001202 -0.004264 0.000968 -0.006864
Free Cash Flow 1 -10.02 2.964 8.401 0.6029 0.6352 -3.587
FCF margin -13.58% 3.74% 11.6% 1.31% 0.82% -3.88%
FCF Conversion (EBITDA) - 75.14% 159.33% - 38.85% -
FCF Conversion (Net income) - 124.89% 2,000.3% - 105% -
Dividend per Share - - - - - -
Announcement Date 09/07/18 11/07/19 13/09/20 14/07/21 13/07/22 13/07/23
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 29.8 30.7 27.9 23.6 16.2 23.5
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -9.777 x 7.785 x 5.295 x -49.2 x 9.901 x -3.123 x
Free Cash Flow 1 -10 2.96 8.4 0.6 0.64 -3.59
ROE (net income / shareholders' equity) -6.71% 3.41% 0.67% -2.59% 0.91% -7.35%
ROA (Net income/ Total Assets) -1.92% 1.52% 2.48% -0.56% 0.54% -4.03%
Assets 1 252.5 155.8 16.94 266.6 113 119.1
Book Value Per Share 2 0.2000 0.2000 0.1600 0.1700 0.1000 0.0900
Cash Flow per Share 2 0.0200 0.0100 0.0200 0.0300 0.0300 0.0200
Capex 1 0.88 0.12 0.05 0.53 0.6 0.75
Capex / Sales 1.19% 0.15% 0.07% 1.16% 0.78% 0.82%
Announcement Date 09/07/18 11/07/19 13/09/20 14/07/21 13/07/22 13/07/23
1SGD in Million2SGD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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