Wee Hur Holdings Ltd. (E3B) AI Stock Analysis

• Market Cap: S$620.49M
• Dividend Yield: 12.3%
• Average Volume (3M): 6.31M
• Price to Earnings (P/E): 23.3
• Beta (1Y): 1.43
• Revenue Growth: 5.49%
• EPS Growth: -86.00%
• Country: SG
• Employees: 217
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.04
• Shares Outstanding: 935,916,100
• 10 Day Avg. Volume: 5,839,470
• 30 Day Avg. Volume: 6,311,136
• PEG Ratio: -0.15
• Price to Book (P/B): 0.59
• Price to Sales (P/S): 1.92
• P/FCF Ratio: 4.84
• 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: S$0.90
• Price Target Upside: 32.35% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 65 Neutral
• Price Target: S$1.00 ▲(47.06% Upside)

Wee Hur Holdings Ltd. demonstrates strong financial performance with robust revenue growth and cash flow management. However, technical indicators suggest a bearish trend, and profitability pressures are evident. The stock offers a high dividend yield, enhancing its attractiveness despite valuation concerns.

Wee Hur Holdings Ltd. Business Overview & Revenue Model

Company Description

Wee Hur Holdings Ltd. (E3B) is a Singapore-based investment holding company that operates primarily in the construction and real estate sectors. The company is engaged in a variety of activities, including construction, property development, and investment, focusing on delivering quality projects in residential, commercial, and industrial properties. With a commitment to innovation and sustainability, Wee Hur Holdings aims to create value through its diverse portfolio of projects and services.

How the Company Makes Money

Wee Hur Holdings generates revenue primarily through its construction contracts, which encompass a range of public and private sector projects. The company earns money by bidding on and executing construction projects, receiving payments based on milestones achieved and completion of work. Additionally, revenue is generated from property development activities, where the company develops residential and commercial properties for sale or lease. The firm also benefits from investment income through its portfolio of properties, and it engages in joint ventures and partnerships that enhance its project capabilities and market reach. Key partnerships with government agencies and private developers further contribute to its earnings, enabling the company to secure contracts and expand its operational footprint.

Wee Hur Holdings Ltd. Financial Statement Overview

Summary

The company exhibits strong profitability margins and cash flow generation. Despite a decline in revenue, the gross profit margin improved significantly, indicating better cost management. The balance sheet is stable with low leverage, but challenges remain in maintaining revenue growth and managing the asset base.

Income Statement

The company has shown a volatile revenue trend with a recent decline in total revenue by approximately 11% from 2023 to 2024. However, the gross profit margin improved significantly from 23.8% in 2023 to 38.8% in 2024, indicating better cost management. The net profit margin also increased from 43.8% to 26.9% due to a substantial decrease in net income, although it remains strong. EBIT and EBITDA margins indicate operational efficiency with a slight decline in EBITDA margin.

Balance Sheet

The company's balance sheet shows a strong equity base, with an equity ratio of 63.3% in 2024, indicating financial stability. The debt-to-equity ratio improved to 0.33, reflecting reduced financial leverage. However, the total assets have decreased, indicating a potential reduction in asset base or investment. Return on equity is robust at 8.3%, showcasing effective use of equity in generating profits.

Cash Flow

The cash flow statement reflects strong free cash flow generation of 79.7 million in 2024, despite a downturn in operating cash flow from the previous year. The free cash flow to net income ratio is solid, indicating effective conversion of profits into cash. However, investing cash flow is negative, suggesting significant capital expenditures or investments which may impact future liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	247.64M	200.79M	224.84M	215.89M	188.62M	189.94M
Gross Profit	117.58M	77.99M	53.60M	25.36M	5.59M	45.40M
EBITDA	89.62M	49.09M	175.88M	-20.63M	-18.19M	19.71M
Net Income	26.19M	54.03M	98.57M	67.92M	662.00K	24.73M
Balance Sheet
Total Assets	1.04B	1.03B	973.77M	1.39B	1.37B	1.24B
Cash, Cash Equivalents and Short-Term Investments	277.12M	101.85M	107.57M	38.77M	55.19M	108.15M
Total Debt	244.90M	215.69M	221.08M	115.85M	624.15M	701.03M
Total Liabilities	410.88M	369.76M	344.93M	688.79M	758.04M	816.70M
Stockholders Equity	620.35M	653.49M	606.14M	490.04M	449.09M	417.91M
Cash Flow
Free Cash Flow	97.38M	79.73M	83.66M	41.77M	10.05M	-73.82M
Operating Cash Flow	97.76M	80.60M	84.76M	42.15M	10.74M	-70.56M
Investing Cash Flow	77.34M	-84.98M	-28.68M	-18.59M	-116.54M	-139.11M
Financing Cash Flow	-23.91M	7.46M	-2.21M	-29.57M	102.92M	205.03M

Wee Hur Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.68
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:E3B, the sentiment is Neutral. The current price of 0.68 is below the 20-day moving average (MA) of 0.73, below the 50-day MA of 0.73, and above the 200-day MA of 0.52, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.43 is Neutral, neither overbought nor oversold. The STOCH value of 6.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:E3B.

Wee Hur Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
S56	74 Outperform	S$484.23M	3.98	16.35%	1.67%	16.82%	62.71%
J2T	68 Neutral	S$220.20M	10.91	7.27%	―	-4.42%	-46.97%
E3B	65 Neutral	S$620.49M	23.28	4.06%	12.30%	5.49%	-86.00%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ER0	56 Neutral	€214.09M	―	-2.08%	3.29%	-14.63%	80.86%
F83	51 Neutral	S$537.42M	46.15	1.18%	―	6.34%	160.00%

Wee Hur Holdings Ltd. Corporate Events

Wee Hur Holdings Launches S$500 Million Multicurrency Note Programme

Wee Hur Holdings Ltd. has established a S$500,000,000 multicurrency medium term note programme, allowing the company to issue notes in various currencies and tenors. The programme, arranged by DBS Bank Ltd. and United Overseas Bank Limited, aims to support the company’s general corporate purposes, including refinancing existing borrowings and financing investments, acquisitions, and capital expenditures.

Wee Hur Holdings Ltd. Reviews Milestones and Future Challenges at AGM

Wee Hur Holdings Ltd. held its eighteenth annual general meeting on April 30, 2025, where key company executives, including the Executive Chairman and Managing Director, Mr. Goh Yeow Lian, were present. During the meeting, a presentation was given by Mr. Goh Wee Ping, CEO of Wee Hur Capital Pte. Ltd., highlighting the company’s milestones, business review, financial performance, sustainability efforts, and the challenges ahead. This meeting underscores the company’s commitment to transparency and engagement with its shareholders, providing insights into its strategic direction and operational focus.

Wee Hur Holdings Secures Major HDB Projects

Wee Hur Holdings Ltd.’s subsidiary, Wee Hur Construction Pte Ltd, has secured two significant projects from the Housing & Development Board, valued at S$203 million and S$236.4 million respectively. These projects, while substantial, are not expected to materially impact the company’s consolidated net tangible assets or earnings per share for the fiscal year ending December 2025, indicating stable financial projections despite the new contracts.