SINGAPORE (Apr 11): Excelpoint Technology is an electronic components distributor that also offers engineering design services and supply chain management to its customers.
Established in 1987 and headquartered in Singapore, Excelpoint has a presence in more than 10 countries across Asia Pacific. Last year, Excelpoint celebrated its 30th anniversary.
According to a Tuesday unrated report, analyst William Tng says EBN, a premier online community for global supply chain professionals, recognised Excelpoint as one of its top 25 global electronics distributors in 2017.
Excelpoint’s customers are original equipment manufacturers, original design manufacturers and electronics manufacturing services companies in the Asia Pacific region.
"For both FY16 and FY17, no customer accounted for more than 10% of revenue. Of its FY17 trade receivables, 19% came from two customers in the Hong Kong/China region," says Tng.
Excelpoint divides its business into five segments. These are mobile and computing; consumer; lighting; industrial and instrumentation and e-government.
In addition, Excelpoint represents more than 50 principals, including Analog Devices, NXP, Qorvo, Qualcomm and Samsung.
In FY17, Excelpoint posted revenue of US$1.1 billion ($1.4 billion), an increase of 16.0% y-o-y, while net profit rose 14.8% y-o-y to reach US$7.1 million. Full-year revenue growth was driven by demand from Asia’s electronic manufacturing supply chain.
New product lines signed in FY17 included Paratech for 3D force pressure touch sensing solution and Sensitron for power electronics. A final DPS of 3.0 cents and a special DPS of 1.5 cents were declared for FY17.
Looking ahead, Excelpoint says the electronics industry will continue to see a proliferation of growth opportunities, especially in the Internet of Things (IoT) era.
"Excelpoint has invested in an IoT demonstration facility with cutting-edge technologies from its suppliers," says Tng, "This is a platform that gives Excelpoint’s customers access to applications that showcase its technological capabilities."
The local technology components sector average FY17 P/E, P/BV and dividend yield are 20.2 times, 0.76 times with a dividend yield of 6.3%, respectively.
As at 3.57pm, shares in Excelpoint are trading 2 cents higher at 72 cents or 8 times FY17 earnings and 0.87 times book value, with a dividend yield of 6.3%.
