Tuan Sing Holdings Ltd
SGX:T24

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Tuan Sing Holdings Ltd Logo
Tuan Sing Holdings Ltd
SGX:T24
Watchlist
Price: 0.33 SGD -1.49% Market Closed
Market Cap: 416.8m SGD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-27%
5Y
-38%
10Y
-72%
Operating Income
+
3Y
+37%
5Y
-61%
10Y
-88%
Net Income
+
3Y
-
5Y
-39%
10Y
-71%

Earnings Waterfall
Tuan Sing Holdings Ltd

Revenue
156.3m SGD
Cost of Revenue
-84.7m SGD
Gross Profit
71.6m SGD
Operating Expenses
-59.7m SGD
Operating Income
11.9m SGD
Other Expenses
11.5m SGD
Net Income
23.4m SGD

Income Statement
Tuan Sing Holdings Ltd

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Income Statement
Currency: SGD
Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Jun-2020 Dec-2020 Jun-2021 Dec-2021 Jun-2022 Dec-2022 Jun-2023 Dec-2023 Jun-2024 Dec-2024 Jun-2025
Revenue
Interest Expense
5
0
16
0
0
0
0
0
0
0
(2)
0
0
0
(1)
0
0
0
(1)
0
0
0
(4)
0
0
0
4
0
0
0
9
0
0
0
28
0
0
0
26
0
0
0
33
0
0
0
45
0
0
0
58
0
48
0
43
0
50
0
66
0
68
0
Revenue
351
N/A
353
+1%
322
-9%
307
-5%
274
-11%
273
0%
242
-11%
207
-15%
179
-14%
177
-1%
253
+43%
232
-8%
247
+6%
357
+45%
274
-23%
365
+33%
371
+2%
230
-38%
240
+4%
250
+4%
295
+18%
332
+12%
372
+12%
365
-2%
378
+4%
349
-8%
302
-13%
299
-1%
262
-12%
308
+17%
355
+15%
449
+26%
561
+25%
646
+15%
677
+5%
627
-7%
540
-14%
446
-17%
404
-9%
373
-8%
351
-6%
362
+3%
356
-2%
358
+0%
355
-1%
349
-2%
336
-4%
337
+0%
329
-2%
302
-8%
311
+3%
251
-19%
197
-22%
249
+26%
245
-1%
215
-12%
225
+5%
256
+14%
304
+19%
266
-13%
193
-27%
156
-19%
Gross Profit
Cost of Revenue
(301)
(301)
(268)
(245)
(218)
(211)
(188)
(161)
(146)
(142)
(190)
(182)
(196)
(259)
(224)
(277)
(281)
(200)
(210)
(215)
(253)
(277)
(301)
(299)
(306)
(286)
(251)
(246)
(218)
(252)
(286)
(358)
(446)
(511)
(535)
(494)
(425)
(350)
(320)
(297)
(282)
(297)
(291)
(292)
(286)
(279)
(267)
(268)
(262)
(237)
(239)
(185)
(148)
(189)
(189)
(149)
(138)
(169)
(214)
(180)
(116)
(85)
Gross Profit
50
N/A
52
+5%
54
+3%
62
+14%
56
-10%
62
+12%
55
-12%
45
-17%
33
-28%
35
+6%
63
+82%
50
-21%
51
+2%
97
+91%
50
-49%
87
+74%
91
+4%
30
-67%
30
0%
35
+17%
42
+20%
54
+29%
70
+29%
66
-6%
72
+10%
63
-14%
51
-18%
53
+2%
44
-16%
56
+27%
69
+22%
91
+32%
115
+27%
135
+17%
142
+5%
133
-6%
115
-14%
96
-17%
84
-12%
76
-10%
69
-9%
64
-6%
65
+1%
66
+2%
69
+4%
70
+1%
70
-1%
69
0%
68
-2%
65
-4%
72
+10%
66
-8%
49
-26%
60
+24%
57
-6%
67
+17%
87
+30%
87
+0%
90
+3%
86
-5%
76
-11%
72
-6%
Operating Income
Operating Expenses
(2)
(1)
(36)
(32)
(29)
(30)
(35)
(31)
(26)
(19)
(31)
(14)
(17)
(21)
(13)
(18)
(18)
(17)
(19)
(21)
(25)
(27)
(34)
(32)
(34)
(35)
(31)
(30)
(26)
(22)
(15)
(17)
(19)
(21)
(28)
(29)
(33)
(36)
(34)
(33)
(30)
(25)
(28)
(27)
(26)
(30)
(30)
(29)
(26)
(26)
(31)
(35)
(24)
(21)
(47)
(58)
(63)
(62)
(63)
(63)
(58)
(60)
Selling, General & Administrative
(34)
(35)
(33)
(33)
(31)
(31)
(33)
(32)
(27)
(23)
(31)
(15)
(19)
(20)
(13)
(19)
(18)
(18)
(19)
(23)
(26)
(28)
(34)
(33)
(35)
(37)
(33)
(31)
(26)
(23)
(20)
(23)
(26)
(29)
(30)
(31)
(34)
(35)
(36)
(35)
(32)
(32)
(33)
(33)
(33)
(33)
(31)
(30)
(28)
(28)
(36)
(42)
(40)
(44)
(50)
(59)
(65)
(64)
(66)
(65)
(59)
(58)
Other Operating Expenses
33
34
(3)
1
1
1
(1)
2
1
4
(0)
0
1
(1)
0
1
0
1
0
1
1
1
0
1
1
2
1
1
1
1
6
6
7
7
2
2
0
(1)
2
1
1
7
5
6
6
2
1
1
2
2
5
7
16
23
3
1
2
2
3
2
1
(2)
Operating Income
48
N/A
51
+6%
18
-66%
29
+66%
26
-10%
32
+23%
20
-38%
15
-26%
7
-52%
16
+125%
32
+103%
36
+11%
34
-6%
76
+126%
37
-51%
69
+87%
73
+6%
13
-82%
12
-11%
14
+24%
17
+21%
27
+57%
37
+35%
34
-7%
38
+13%
28
-28%
20
-28%
23
+15%
18
-21%
34
+89%
54
+58%
74
+36%
96
+31%
114
+18%
114
+0%
105
-8%
82
-22%
60
-27%
51
-16%
43
-15%
39
-10%
39
+2%
37
-6%
39
+6%
43
+10%
40
-7%
40
0%
40
+1%
42
+4%
39
-6%
40
+3%
31
-24%
25
-19%
39
+57%
10
-74%
9
-15%
24
+175%
25
+7%
27
+8%
23
-17%
18
-19%
12
-35%
Pre-Tax Income
Interest Income Expense
(5)
(4)
145
3
(1)
(7)
(38)
(23)
(22)
(16)
38
6
6
6
9
46
46
47
35
37
41
43
87
87
86
88
43
43
45
39
22
13
4
(5)
(24)
(24)
(22)
(19)
(5)
(3)
(2)
(6)
31
28
27
28
92
88
86
85
2
13
27
27
(14)
(15)
(22)
(33)
(22)
(29)
(36)
(14)
Non-Reccuring Items
43
64
0
68
26
(3)
23
7
10
18
(24)
11
7
6
37
0
0
1
1
0
1
0
0
0
2
0
0
0
0
(0)
0
(0)
0
(8)
(9)
(9)
(9)
(3)
(5)
(6)
(6)
(4)
(0)
4
4
4
4
(0)
(0)
(0)
(0)
(0)
8
88
88
0
(2)
0
(2)
0
16
19
Total Other Income
0
(0)
0
74
79
83
0
0
0
0
0
0
0
0
0
(2)
(1)
(2)
(2)
0
0
0
0
(0)
(0)
(0)
0
(1)
(3)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Pre-Tax Income
86
N/A
111
+28%
162
+47%
173
+7%
130
-25%
106
-19%
5
-96%
(2)
N/A
(6)
-206%
18
N/A
46
+161%
53
+15%
46
-12%
88
+90%
83
-5%
115
+38%
119
+4%
60
-49%
48
-21%
52
+8%
60
+16%
70
+18%
124
+76%
121
-2%
125
+3%
116
-8%
63
-46%
65
+3%
60
-7%
73
+22%
76
+4%
87
+14%
100
+16%
101
+1%
81
-20%
72
-10%
51
-30%
39
-25%
40
+4%
34
-14%
31
-10%
29
-5%
68
+132%
71
+5%
73
+3%
71
-2%
136
+90%
128
-6%
128
0%
124
-3%
42
-66%
43
+2%
60
+39%
154
+157%
84
-45%
(6)
N/A
1
N/A
(8)
N/A
3
N/A
(6)
N/A
(1)
+80%
17
N/A
Net Income
Tax Provision
(3)
(13)
(11)
(12)
(11)
(1)
(2)
(2)
(2)
(8)
(3)
(3)
(2)
(13)
(10)
(18)
(18)
(2)
(7)
(8)
(8)
(9)
(6)
(6)
(7)
(6)
(10)
(10)
(9)
(11)
(14)
(17)
(20)
(22)
(12)
(10)
(6)
(3)
(6)
(5)
(5)
(4)
(5)
(6)
(6)
(6)
(4)
(5)
(6)
(5)
(9)
(6)
(1)
(2)
(2)
(3)
2
8
3
(1)
2
5
Income from Continuing Operations
83
98
151
162
119
105
2
(4)
(8)
10
43
50
45
75
74
97
101
58
41
44
52
61
118
116
118
110
53
54
51
62
62
70
80
79
69
63
46
36
34
30
26
25
63
66
67
65
131
123
122
118
33
37
59
152
82
(9)
3
(0)
5
(7)
1
22
Income to Minority Interest
(1)
(1)
(1)
(1)
(0)
0
0
1
2
2
2
1
1
1
(0)
(0)
(1)
(1)
(1)
(2)
(3)
(5)
(8)
(7)
(6)
(4)
(1)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(1)
(0)
(0)
(0)
0
(0)
(0)
(0)
(0)
0
0
0
0
1
1
0
1
2
2
2
1
(1)
(1)
1
1
Net Income (Common)
118
N/A
89
-24%
151
+70%
161
+7%
119
-27%
105
-12%
3
-97%
(3)
N/A
(9)
-231%
8
N/A
45
+481%
46
+3%
43
-7%
73
+70%
68
-6%
91
+34%
95
+4%
53
-44%
40
-24%
42
+3%
49
+18%
56
+14%
110
+97%
109
-1%
112
+3%
106
-6%
52
-51%
54
+4%
50
-7%
62
+23%
61
-1%
69
+13%
80
+15%
79
-2%
69
-13%
63
-9%
45
-28%
36
-22%
34
-5%
29
-13%
26
-11%
25
-2%
63
+147%
66
+5%
67
+2%
65
-3%
132
+103%
124
-6%
122
-1%
118
-3%
33
-72%
38
+15%
59
+55%
153
+159%
84
-45%
(7)
N/A
5
N/A
1
-81%
5
+440%
(8)
N/A
2
N/A
23
+900%
EPS (Diluted)
0.1
N/A
0.09
-10%
0.13
+44%
0.15
+15%
0.11
-27%
0.1
-9%
0
N/A
0
N/A
0
N/A
0.02
N/A
0.04
+100%
0.05
+25%
0.04
-20%
0.06
+50%
0.06
N/A
0.08
+33%
0.08
N/A
0.04
-50%
0.04
N/A
0.03
-25%
0.04
+33%
0.05
+25%
0.09
+80%
0.09
N/A
0.09
N/A
0.09
N/A
0.04
-56%
0.05
+25%
0.05
N/A
0.05
N/A
0.05
N/A
0.05
N/A
0.06
+20%
0.06
N/A
0.06
N/A
0.05
-17%
0.03
-40%
0.03
N/A
0.03
N/A
0.02
-33%
0.02
N/A
0.01
-50%
0.05
+400%
0.05
N/A
0.05
N/A
0.05
N/A
0.11
+120%
0.1
-9%
0.1
N/A
0.1
N/A
0.03
-70%
0.03
N/A
0.05
+67%
0.13
+160%
0.07
-46%
-0.01
N/A
0
N/A
0
N/A
0
N/A
-0.01
N/A
0
N/A
0.02
N/A

See Also

Summary
T24 intrinsic value, competitors valuation, and company profile.
DCF Valuation
T24 stock valuation using Discount Cash Flow valuation method.
Relative Valuation
T24 stock valuation using valuation multiples.
Wall Street Estimates
T24 price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
T24 stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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