Vicom Ltd (WJP) AI Stock Analysis

• Market Cap: S$507.03M
• Dividend Yield: 7.67%
• Average Volume (3M): 73.82K
• Price to Earnings (P/E): 17.3
• Beta (1Y): 0.20
• Revenue Growth: 6.77%
• EPS Growth: 6.17%
• Country: SG
• Employees: 959
• Sector: Consumer Cyclical
• Sector Strength: 58
• Industry: Auto - Dealerships
• EPS (TTM): 0.08
• Shares Outstanding: 354,568,000
• 10 Day Avg. Volume: 60,240
• 30 Day Avg. Volume: 73,816
• PEG Ratio: 4.66
• Price to Book (P/B): 5.54
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 41.30
• 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

• Rating: 81 Outperform
• Price Target: S$1.50 ▲(2.74%Upside)

Vicom Ltd's strong financial performance, marked by growth and profitability, is a significant strength. The stock's technical indicators suggest positive momentum, although caution is advised due to near-overbought conditions. Its valuation, with a fair P/E ratio and attractive dividend yield, further supports its favorable position.

Vicom Ltd Business Overview & Revenue Model

Company Description

Vicom Ltd (WJP) is a leading provider in the vehicle inspection and testing industry. The company operates primarily in the automotive sector, offering comprehensive vehicle testing and inspection services, including emission testing and roadworthiness assessments. Vicom Ltd leverages its extensive network of inspection centers to serve vehicle owners, automotive manufacturers, and government agencies, ensuring compliance with safety and environmental regulations.

How the Company Makes Money

Vicom Ltd generates revenue primarily through its vehicle inspection and testing services. The company charges fees for conducting various types of inspections, such as roadworthiness tests and emission checks, which are often mandated by government regulations. Additionally, Vicom Ltd may enter into partnerships with automotive manufacturers and government bodies to provide large-scale testing services, contributing significantly to its revenue. These partnerships can include long-term contracts for regular testing services, ensuring a steady income stream. The company's earnings are further supported by its strategic location of inspection centers, making services easily accessible to a wide customer base.

Vicom Ltd Financial Statement Overview

Summary

Vicom Ltd exhibits strong financial health characterized by consistent revenue growth, solid profitability margins, a robust balance sheet with low leverage, and strong cash flow generation. These factors contribute to the company's stability and potential for sustained performance in the auto dealership industry.

Income Statement

Vicom Ltd has shown consistent revenue growth with a 4.69% growth from 2023 to 2024. The company maintains solid profitability metrics with a gross profit margin of 40.52% and a net profit margin of 24.99% in 2024. An EBIT margin of 29.55% and EBITDA margin of 38.49% further reflect robust operational efficiency. These strong margins indicate effective cost management and operational stability.

Balance Sheet

The company has a healthy financial structure with a debt-to-equity ratio of 0.23, indicating low leverage. The return on equity is strong at 20.80%, reflecting efficient use of shareholder capital. An equity ratio of 66.64% suggests a strong equity base relative to total assets, supporting financial stability and reducing financial risk.

Cash Flow

Vicom Ltd has demonstrated impressive cash flow performance with a free cash flow growth rate of 22.08% from 2023 to 2024. The operating cash flow to net income ratio of 1.19 and a free cash flow to net income ratio of 0.79 indicate strong cash generation relative to reported earnings, enhancing financial flexibility.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
140.34M	117.16M	111.90M	106.04M	98.68M	83.90M
	Gross Profit
60.33M	47.49M	48.49M	50.13M	41.46M	37.09M
	EBIT
41.57M	34.62M	33.05M	32.65M	30.98M	29.33M
	EBITDA
39.82M	45.11M	42.83M	40.67M	38.49M	37.61M
	Net Income Common Stockholders
34.62M	29.28M	27.60M	26.18M	24.78M	24.49M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
55.90M	60.70M	55.07M	60.49M	75.36M	93.20M
	Total Assets
196.25M	211.21M	196.37M	186.97M	199.76M	207.90M
	Total Debt
31.43M	31.88M	31.42M	31.16M	31.76M	32.78M
	Net Debt
-24.47M	-28.82M	-23.64M	-29.33M	-43.60M	-60.41M
	Total Liabilities
59.33M	68.70M	64.07M	63.14M	71.55M	72.45M
	Stockholders Equity
135.38M	140.77M	130.90M	122.92M	127.25M	134.25M
Cash Flow		Free Cash Flow
25.86M	23.04M	18.87M	16.48M	17.38M	21.72M
	Operating Cash Flow
44.67M	34.94M	31.66M	25.39M	29.66M	36.72M
	Investing Cash Flow
-17.96M	-8.16M	-14.21M	-8.34M	-12.90M	-13.22M
	Financing Cash Flow
-18.33M	-21.20M	-22.82M	-31.86M	-34.63M	-23.14M

Vicom Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.46
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 1.46 is above the 20-day moving average (MA) of 1.43, above the 50-day MA of 1.37, and above the 200-day MA of 1.32, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 70.08 is Negative, neither overbought nor oversold. The STOCH value of 94.44 is Negative, 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	81 Outperform	S$507.03M	17.31	21.56%	7.67%	6.77%	6.17%
A17U	76 Outperform	$11.97B	15.13	7.61%	5.83%	-1.52%	313.98%
F34	71 Outperform	$18.85B	12.06	5.84%	6.53%	-0.24%	-23.64%
C52	66 Neutral	S$3.08B	14.61	8.14%	9.98%	15.36%	16.55%
Sector *	62 Neutral	$6.88B	11.07	2.77%	4.28%	2.67%	-24.94%
M44U	59 Neutral	S$5.73B	30.96	2.74%	5.43%	-0.97%	-40.20%

Vicom Ltd Corporate Events

Vicom Ltd Holds 44th Annual General Meeting

Vicom Ltd held its forty-fourth Annual General Meeting on April 23, 2025, at the ComfortDelGro Headquarters in Singapore, with participation both physically and via electronic means. The meeting was attended by the board of directors, management, and shareholders, highlighting the company’s commitment to transparency and stakeholder engagement. This AGM plays a crucial role in maintaining Vicom’s industry positioning and operational effectiveness by facilitating strategic discussions and decision-making processes.

Vicom Ltd Announces Board Committee Restructuring

Vicom Ltd has announced changes to its Board Committees as part of its succession planning strategy, effective from June 1, 2025. Ms. June Seah Lee Kiang will step down as Chairperson of the Sustainability Committee but will remain a member, while Ms. Tan Poh Hong will assume the role of Chairperson of the Sustainability Committee and step down from the Technology Committee. These changes are aimed at enhancing the company’s governance structure and aligning with its strategic goals.

Vicom Ltd Prepares for 44th Annual General Meeting

Vicom Ltd has announced that its 44th Annual General Meeting will be held on April 23, 2025, both electronically and in person at ComfortDelGro Headquarters in Singapore. The company has expressed gratitude to shareholders for their questions submitted in advance and has provided responses to these inquiries, which are available in an annex.