Bonvests Holdings Intrinsic Value Calculation – BONVESTS HOLDINGS Reports 13.1% Increase in Revenue for Q2 FY2023
August 19, 2023

☀️Earnings Overview
BONVESTS HOLDINGS ($SGX:B28) announced total revenue of SGD 105.4 million for the second quarter of FY2023, ending June 30 2023, demonstrating a 13.1% growth compared to the same period in the year prior. However, the company reported a net loss of SGD 1.1 million, compared to a net profit of SGD 5.0 million in the same quarter of the previous year.
Analysis – Bonvests Holdings Intrinsic Value Calculation
Analyzing the fundamentals of BONVESTS HOLDINGS is now easier than ever with GoodWhale’s assistance. Our proprietary Valuation Line gives an intrinsic value of around SG$1.3 for the company’s shares. This implies that the current trading price of SG$1.0 is undervalued by 25.8%. This presents an opportunity for investors to purchase BONVEST HOLDINGS’ stock at a discounted rate. GoodWhale’s expert analysis provides a convenient platform for investors to make informed decisions. By leveraging GoodWhale’s extensive range of services, investors can make the most out of their investments in BONVESTS HOLDINGS. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bonvests Holdings. More…
Total Revenues | Net Income | Net Margin |
221.23 | 14.7 | 6.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bonvests Holdings. More…
Operations | Investing | Financing |
54.27 | -27.77 | -26.48 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bonvests Holdings. More…
Total Assets | Total Liabilities | Book Value Per Share |
1.3k | 461.93 | 2.1 |
Key Ratios Snapshot
Some of the financial key ratios for Bonvests Holdings are shown below. More…
3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
5.1% | 14.9% | 16.9% |
FCF Margin | ROE | ROA |
11.5% | 2.8% | 1.8% |

Peers
The competition between Bonvests Holdings Ltd and its competitors is fierce. Hotel Properties Ltd, Shangri-La Hotels Malaysia Bhd, and Greater Bay Area Dynamic Growth Holding Ltd are all major players in the hospitality industry and have each been vying for the top spot in terms of market share and profitability. All four companies have different strategies and approaches when it comes to building their businesses, but ultimately the one that has the best strategies and can remain competitive in the face of ever changing market conditions will come out on top.
– Hotel Properties Ltd ($SGX:H15)
Hotel Properties Ltd is a leading real estate investment trust specialising in hotel properties in Asia. It has a market cap of 1.85 billion as of 2023, and its return on equity (ROE) is 5.14%. This indicates that the company is able to generate profits from its investments more efficiently than the average investor, and that it is well-positioned to deliver continued growth and profitability in the long term. Hotel Properties Ltd’s strategic portfolio of hotels, resorts and serviced apartments are located in key high-growth markets across the region. The company’s diversified portfolio and strong track record of delivering returns to its shareholders makes it an attractive investment opportunity.
– Shangri-La Hotels Malaysia Bhd ($KLSE:5517)
Shangri-La Hotels Malaysia Bhd is a leading hospitality and leisure group in Malaysia, operating a variety of hotels, resorts, and serviced apartments in different locations across the country. As of 2023, the company has a market cap of 1.13 billion dollars, reflecting its strong brand presence and reputation in the industry. The Return on Equity of Shangri-La Hotels Malaysia Bhd is -0.36%, indicating a lack of profitability at the current time. The company is working to improve its ROE by focusing on cost-cutting and increasing efficiency in operations.
– Greater Bay Area Dynamic Growth Holding Ltd ($SEHK:01189)
Greater Bay Area Dynamic Growth Holding Ltd is a Hong Kong-based holding company with a market cap of 67.08M as of 2023. The company operates in various industries, including property development, retail, and hospitality. Its Return on Equity (ROE) is -1.0, indicating that, for every dollar of equity, the company is losing a cent rather than generating a profit. This could be because of investments in new projects or difficult economic conditions. As the company is in various industries, an analysis of its individual business segments is needed to determine the cause of this negative ROE.
Summary
BONVESTS HOLDINGS reported strong revenue growth of 13.1% for the second quarter of FY2023 compared to the same period a year prior. Despite this, the company reported a net loss of SGD -1.1 million due to costs incurred, compared to a net income of SGD 5.0 million in the same quarter of the previous year. Investing analysis should take into account the strong revenue growth and consider near-term cost reductions or increased efficiency to help drive profitability and support share price performance.
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