VENTURE CORPORATION LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.11 SGD | -1.33% |
|
+0.43% | +3.67% |
| Apr. 26 | Venture Corporation Limited Announces Board Committees Changes | CI |
| Apr. 19 | Venture Buys Back More Shares | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,673 | 5,632 | 5,321 | 4,965 | 3,953 | 4,093 | - | - |
| Enterprise Value (EV) 1 | 3,960 | 4,704 | 4,513 | 4,152 | 2,896 | 3,035 | 2,962 | 2,947 |
| P/E ratio | 12.9 x | 19 x | 17.1 x | 13.5 x | 14.7 x | 13.9 x | 12.7 x | 12.1 x |
| Yield | 4.32% | 3.86% | 4.1% | 4.4% | 5.51% | 5.38% | 5.41% | 5.54% |
| Capitalization / Revenue | 1.29 x | 1.87 x | 1.71 x | 1.29 x | 1.31 x | 1.27 x | 1.2 x | 1.16 x |
| EV / Revenue | 1.09 x | 1.56 x | 1.45 x | 1.07 x | 0.96 x | 0.94 x | 0.87 x | 0.83 x |
| EV / EBITDA | 8.83 x | 12.4 x | 11.6 x | 8.78 x | 8.66 x | 8.07 x | 7.23 x | 6.87 x |
| EV / FCF | 20.3 x | 11.1 x | 49.6 x | 17.6 x | 6.11 x | 10.2 x | 15 x | 8.89 x |
| FCF Yield | 4.92% | 9.04% | 2.02% | 5.69% | 16.4% | 9.82% | 6.66% | 11.2% |
| Price to Book | 1.87 x | 2.18 x | 1.96 x | 1.75 x | 1.4 x | 1.4 x | 1.35 x | 1.29 x |
| Nbr of stocks (in thousands) | 288,461 | 290,033 | 290,583 | 291,035 | 290,431 | 290,083 | - | - |
| Reference price 2 | 16.20 | 19.42 | 18.31 | 17.06 | 13.61 | 14.11 | 14.11 | 14.11 |
| Announcement Date | 2/27/20 | 2/26/21 | 2/25/22 | 2/24/23 | 2/22/24 | - | - | - |
1SGD in Million2SGD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,633 | 3,013 | 3,107 | 3,864 | 3,025 | 3,228 | 3,400 | 3,535 |
| EBITDA 1 | 448.2 | 378.7 | 389.9 | 472.7 | 334.6 | 376 | 409.4 | 429.2 |
| EBIT 1 | 408.8 | 333.8 | 353 | 439.9 | 303.1 | 338.1 | 369.7 | 389.2 |
| Operating Margin | 11.25% | 11.08% | 11.36% | 11.38% | 10.02% | 10.48% | 10.88% | 11.01% |
| Earnings before Tax (EBT) 1 | 420 | 342.8 | 359.6 | 448.9 | 330.8 | 359.4 | 391.1 | 409 |
| Net income 1 | 363.1 | 297.3 | 312.1 | 369.6 | 270 | 294.6 | 322.4 | 338.2 |
| Net margin | 9.99% | 9.87% | 10.04% | 9.57% | 8.93% | 9.13% | 9.48% | 9.57% |
| EPS 2 | 1.253 | 1.022 | 1.070 | 1.268 | 0.9260 | 1.014 | 1.111 | 1.168 |
| Free Cash Flow 1 | 194.6 | 425.4 | 91.04 | 236.4 | 473.9 | 298 | 197.2 | 331.6 |
| FCF margin | 5.36% | 14.12% | 2.93% | 6.12% | 15.67% | 9.23% | 5.8% | 9.38% |
| FCF Conversion (EBITDA) | 43.43% | 112.32% | 23.35% | 50% | 141.64% | 79.26% | 48.15% | 77.25% |
| FCF Conversion (Net income) | 53.6% | 143.07% | 29.18% | 63.95% | 175.5% | 101.16% | 61.15% | 98.04% |
| Dividend per Share 2 | 0.7000 | 0.7500 | 0.7500 | 0.7500 | 0.7500 | 0.7586 | 0.7637 | 0.7810 |
| Announcement Date | 2/27/20 | 2/26/21 | 2/25/22 | 2/24/23 | 2/22/24 | - | - | - |
1SGD in Million2SGD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | - | - | - | - | - | 1,045 | 821.7 | 760.5 | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 166.8 | - | 94.65 | 84 | - | 97.4 | 97.92 | 73.6 | 66.41 | 140 | 63.29 |
| Net margin | - | - | - | - | - | - | 9.37% | 8.96% | 8.73% | - | - |
| EPS 2 | - | 0.2640 | 0.3250 | 0.2880 | 0.3100 | 0.3340 | - | - | - | - | 0.2170 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/26/21 | 11/6/21 | 2/25/22 | 4/29/22 | 8/5/22 | 11/4/22 | 2/24/23 | 5/5/23 | 8/4/23 | 8/4/23 | 11/3/23 |
1SGD in Million2SGD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 713 | 929 | 808 | 813 | 1,056 | 1,059 | 1,131 | 1,146 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 195 | 425 | 91 | 236 | 474 | 298 | 197 | 332 |
| ROE (net income / shareholders' equity) | 15% | 11.7% | 11.8% | 13.3% | 9.52% | 10.2% | 10.7% | 11% |
| ROA (Net income/ Total Assets) | 11.2% | 9.18% | 9.08% | 10% | 7.39% | 8.07% | 8.68% | 11% |
| Assets 1 | 3,239 | 3,240 | 3,437 | 3,692 | 3,653 | 3,651 | 3,715 | 3,084 |
| Book Value Per Share 2 | 8.650 | 8.920 | 9.350 | 9.730 | 9.710 | 10.10 | 10.50 | 10.90 |
| Cash Flow per Share 2 | 0.7900 | 1.560 | 0.3500 | 0.9200 | 1.790 | 1.040 | 1.120 | - |
| Capex 1 | 35.1 | 27.8 | 10.8 | 32.7 | 47.5 | 34.2 | 35 | 48.3 |
| Capex / Sales | 0.97% | 0.92% | 0.35% | 0.85% | 1.57% | 1.06% | 1.03% | 1.37% |
| Announcement Date | 2/27/20 | 2/26/21 | 2/25/22 | 2/24/23 | 2/22/24 | - | - | - |
1SGD in Million2SGD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
14.11
SGD
Average target price
14.95
SGD
Spread / Average Target
+5.95%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.67% | 3B | |
| +21.55% | 72.37B | |
| -4.21% | 34.41B | |
| -16.43% | 28.52B | |
| -7.17% | 14.26B | |
| -13.03% | 9.92B | |
| +5.83% | 9.52B | |
| +71.16% | 8.54B | |
| +26.49% | 8.36B | |
| +69.91% | 8.21B |
- Stock Market
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- V03 Stock
- Financials Venture Corporation Limited
