WJP.SI
Strong BuyPremium GrowerAI neutralVICOM Ltd · Consumer Cyclical · Singapore · $504M
SGD 1.79 +0.0% · close 6 Oct · scored 7 Oct
Premium Grower: Strong business with the market behind it, priced at a premium.
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VICOM runs Singapore's dominant vehicle inspection network plus testing and inspection services through Setsco, a regulated, cash-generative business with strong margins and a reliable dividend. It is investing S$60 million in an integrated hub to handle EVs and complex industrial testing. The quality is clear, but revenue growth has stalled and Singapore's capped car population limits the runway, so the investment case is steady income rather than growth.
ABOUT VICOM LTD
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VICOM Ltd provides vehicle inspection and testing services, as well as non-vehicular inspection and technical testing, primarily in Singapore. The company maintains a dominant market share in vehicle inspection in Singapore due to mandatory regulatory requirements and strategic government concessions. As a government-linked entity, VICOM benefits from a quasi-monopoly in its core vehicle inspection business, ensuring stable revenue streams from essential regulatory compliance services.
FINANCIAL SUMMARY (SGD)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR | TTM |
|---|---|---|---|---|---|---|---|
| Revenue | — | 106.0M | 109.5M | 117.2M | 165.2M | 15.9% | 171.8M |
| EPS (SGD) | 0.07 | 0.07 | 0.08 | 0.08 | 0.12 | 14.4% | 0.13 |
| Shares | — | 354.6M | 354.6M | 354.6M | 354.6M | 0.0% | 354.6M |
| Debt | — | 31.2M | 31.4M | 31.9M | 34.1M | 3.1% | 33.3M |
| Equity | — | 124.2M | 130.9M | 140.8M | 161.2M | 9.1% | — |
| Op CF | — | 25.4M | 31.7M | 34.9M | 58.2M | 31.8% | 70.7M |
| Inv CF | — | -8.3M | -14.2M | -8.2M | -37.6M | — | — |
| Fin CF | — | -31.9M | -22.8M | -21.2M | -23.5M | — | — |
Calmer than 98% of stocks we rank over the past year (12% a year).
How this is worked out
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Consumer Cyclical, ranked by industry match, size, and score similarity. Cross-listings of WJP.SI are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| WJP.SI | VICOM Ltd(you) | $504M | 82 | Strong Buy |
| 1872.HK | Guan Chao Holdings Limited | $325M | 2 | Strong Sell |
| 1D0.SI | Kimly Limited | $389M | 78 | Buy |
| H07.SI | Stamford Land Corporation Ltd | $544M | 72 | Buy |
| A30.SI | Aspial Corporation Limited | $268M | 78 | Buy |
| 5UF.SI | Aspial Lifestyle Limited | $556M | 67 | Buy |
| C41.SI | Cortina Holdings Limited | $515M | 99 | Strong Buy |
| H22.SI | Hong Leong Asia Ltd. | $1.7B | 82 | Strong Buy |
| H18.SI | Hotel Grand Central Limited | $410M | 61 | Hold |
| DM0.SI | PSC Corporation Ltd. | $215M | 94 | Strong Buy |
Peer medians: ROE 11.4% · P/E 10.1x · Gross margin 30.1%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.