WinstonWınston
Stock

HomesToLife

HTLM
55
Specialty Retail · Consumer Cyclical
Price
$1.78
+0.01 (+0.48%)
Market Cap
$159.6M
Exchange
NASDAQ Capital Market
Winston Score
55
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Sep 17, 2026 · filings through Mar 31, 2026

§How the score breaks down

Quality
Good
Growth
Mixed
Cash Flow
Good
Stability
Exceptional
Valuation
Good
Dividends
Mixed

Share count rising — dilution

+518.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 14.5M (2021) → 89.7M (2025)

§Winston Score History

The full picture

HomesToLife is a furniture retailer based in Singapore that sells sofas, dining sets, bedroom furniture, and home accessories. Its stores cater mainly to everyday consumers looking for mid-range furniture with a focus on leather sofas and customizable options. The company operates a chain of showrooms across Singapore and has been expanding into select Southeast Asian markets.

HomesToLife earns revenue primarily through direct retail sales at its physical showrooms and through online channels. It is a small company with a market cap around $100 million, and it differentiates itself by offering in-house customization and a vertically integrated supply chain that helps control costs. Key growth opportunities include regional expansion and e-commerce development, but the business faces risks from consumer spending slowdowns, rising material costs, and intense competition in the fragmented furniture retail market.

Score breakdown

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Quality

Profit per sale
Gross Margin
29.0%
Modest — 29.0% gross margin
Profit after running costs
Operating Margin
5.2%
Thin — 5.2% operating margin
Return on the money invested
ROCE
72.4%
Exceptional — 72.4% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
N/A
Data not available
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
4/5 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
95%
Modest — 95% of profit becomes cash
Spare cash per sale
FCF Margin
3.6%
Thin free cash flow (3.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.36
Conservative — low debt load (0.36)
Covers its interest
Interest Cover
18.72x
Comfortably covers interest (18.7x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
1.9x
Attractive valuation — P/E 1.9

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
3.92%
Moderate income — 3.92% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
N/A
no trend
Data not available

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