Upcoming Dividend • Jun 05
Upcoming dividend of S$0.05 per share Eligible shareholders must have bought the stock before 12 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Singaporean dividend payers (5.4%). Higher than average of industry peers (4.4%). Declared Dividend • Apr 19
Dividend of S$0.05 announced Dividend of S$0.05 is the same as last year. Ex-date: 12th June 2026 Payment date: 30th June 2026 Dividend yield will be 5.1%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 11% per year over the past 9 years and payments have been stable during that time. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 15
Full year 2025 earnings released: EPS: S$0.094 (vs S$0.097 in FY 2024) Full year 2025 results: EPS: S$0.094 (down from S$0.097 in FY 2024). Revenue: S$39.9m (flat on FY 2024). Net income: S$8.36m (down 1.9% from FY 2024). Profit margin: 21% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Apr 10
SUTL Enterprise Limited, Annual General Meeting, Apr 27, 2026 SUTL Enterprise Limited, Annual General Meeting, Apr 27, 2026, at 15:00 Singapore Standard Time. Location: constellation 1, one 15 marina sentosa cove, 01-01, 11 cove drive, sentosa cove, singapore 098497, Singapore New Risk • Mar 04
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 54% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (54% accrual ratio). Minor Risk Market cap is less than US$100m (S$79.0m market cap, or US$62.0m). Reported Earnings • Feb 27
Full year 2025 earnings released Full year 2025 results: Revenue: S$43.0m (up 8.6% from FY 2024). Net income: S$8.36m (down 1.9% from FY 2024). Profit margin: 19% (down from 22% in FY 2024). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 19
First half 2025 earnings released: EPS: S$0.048 (vs S$0.052 in 1H 2024) First half 2025 results: EPS: S$0.048 (down from S$0.052 in 1H 2024). Revenue: S$20.8m (up 2.6% from 1H 2024). Net income: S$4.25m (down 6.8% from 1H 2024). Profit margin: 20% (down from 23% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jul 17
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to S$0.83. The fair value is estimated to be S$0.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 13%. Upcoming Dividend • May 26
Upcoming dividend of S$0.05 per share Eligible shareholders must have bought the stock before 02 June 2025. Payment date: 19 June 2025. Payout ratio is a comfortable 52% and the cash payout ratio is 83%. Trailing yield: 6.7%. Within top quartile of Singaporean dividend payers (5.9%). Higher than average of industry peers (3.9%). Declared Dividend • Apr 18
Dividend of S$0.05 announced Dividend of S$0.05 is the same as last year. Ex-date: 2nd June 2025 Payment date: 19th June 2025 Dividend yield will be 7.4%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 12% per year over the past 8 years and payments have been stable during that time. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Apr 16
SUTL Enterprise Limited Proposes Final 1-Tier Tax Exempt Dividend for the Year Ended December 31, 2024, Payable on June 19, 2025 SUTL Enterprise Limited proposed final 1-tier tax exempt dividend at 5 cents per ordinary share for the year ended December 31, 2024. Annual General Meeting to be held on April 25, 2025, the record date for the purpose of determining the entitlement of shareholders to the Proposed Dividend is June 3, 2025. Payment of the Proposed Dividend, if approved by shareholders at the AGM, will be made on June 19, 2025. Reported Earnings • Apr 12
Full year 2024 earnings released: EPS: S$0.097 (vs S$0.093 in FY 2023) Full year 2024 results: EPS: S$0.097 (up from S$0.093 in FY 2023). Revenue: S$39.6m (down 1.2% from FY 2023). Net income: S$8.53m (up 5.4% from FY 2023). Profit margin: 22% (up from 20% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 12% per year. Ankündigung • Apr 10
SUTL Enterprise Limited, Annual General Meeting, Apr 25, 2025 SUTL Enterprise Limited, Annual General Meeting, Apr 25, 2025, at 15:00 Singapore Standard Time. Location: constellation 1, one 15 marina sentosa cove, 01-01, 11 cove drive, sentosa cove, singapore 098497, Singapore Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: S$0.097 (vs S$0.093 in FY 2023) Full year 2024 results: EPS: S$0.097 (up from S$0.093 in FY 2023). Revenue: S$39.6m (down 1.2% from FY 2023). Net income: S$8.53m (up 5.4% from FY 2023). Profit margin: 22% (up from 20% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year. New Risk • Feb 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (S$61.6m market cap, or US$46.1m). Buy Or Sell Opportunity • Feb 21
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at S$0.69. The fair value is estimated to be S$0.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 20%. Ankündigung • Jan 15
SUTL Enterprise Limited SHS to Be Deleted from OTC Equity SUTL Enterprise Limited SHS (Singapore) will be deleted from OTC Equity effective January 14, 2025, due to Inactive Security. Reported Earnings • Aug 12
First half 2024 earnings released: EPS: S$0.052 (vs S$0.055 in 1H 2023) First half 2024 results: EPS: S$0.052 (down from S$0.055 in 1H 2023). Revenue: S$20.3m (up 3.3% from 1H 2023). Net income: S$4.56m (down 4.3% from 1H 2023). Profit margin: 23% (down from 24% in 1H 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Aug 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (S$61.6m market cap, or US$46.5m). Recent Insider Transactions Derivative • May 23
Non-Executive Director exercised options to buy S$145k worth of stock. On the 21st of May, Kum Tao Chan exercised options to buy 200k shares at a strike price of around S$0.55, costing a total of S$110k. This transaction amounted to 80% of their direct individual holding at the time of the trade. Since June 2023, Kum Tao has owned 250.00k shares directly. Company insiders have collectively bought S$470k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • May 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Market cap is less than US$100m (S$63.4m market cap, or US$47.1m). Upcoming Dividend • May 20
Upcoming dividend of S$0.05 per share Eligible shareholders must have bought the stock before 27 May 2024. Payment date: 12 June 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 7.0%. Within top quartile of Singaporean dividend payers (6.3%). Higher than average of industry peers (3.4%). Ankündigung • Apr 30
SUTL Enterprise Limited Approves Final 1-Tier Tax Exempt Dividend for the Year Ended 31 December 2023 SUTL Enterprise Limited announced that at its AGM held on 29 April 2024, the shareholders approved a final 1-tier tax exempt dividend at 5 cents per ordinary share for the year ended 31 December 2023. Declared Dividend • Apr 17
Dividend of S$0.05 announced Dividend of S$0.05 is the same as last year. Ex-date: 27th May 2024 Payment date: 12th June 2024 Dividend yield will be 7.4%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 14% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 6.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Mar 05
SUTL Enterprise Limited Appoints Song Ruoh Jin as Joint Company Secretary, Effective March 8, 2024 The Board of Directors of SUTL Enterprise Limited announced the appointment of Ms. Song Ruoh Jin as a Joint Company Secretary of the Company with effect from 8 March 2024. Following the above appointment, the Company Secretaries of the Company are Mr. Adrian Chan Pengee and Ms. Song Ruoh Jin. Reported Earnings • Feb 28
Full year 2023 earnings released Full year 2023 results: Revenue: S$43.5m (up 14% from FY 2022). Net income: S$8.09m (up 7.6% from FY 2022). Profit margin: 19% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses. New Risk • Feb 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (S$58.6m market cap, or US$43.6m). Reported Earnings • Aug 15
First half 2023 earnings released: EPS: S$0.055 (vs S$0.044 in 1H 2022) First half 2023 results: EPS: S$0.055 (up from S$0.044 in 1H 2022). Revenue: S$19.6m (up 8.8% from 1H 2022). Net income: S$4.76m (up 26% from 1H 2022). Profit margin: 24% (up from 21% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • May 27
CEO & Executive Director exercised options to buy S$284k worth of stock. On the 26th of May, Teng Guan Tay exercised options to buy 494k shares at a strike price of around S$0.46, costing a total of S$230k. This transaction amounted to 395% of their direct individual holding at the time of the trade. Since December 2022, Teng Guan has owned 125.00k shares directly. Company insiders have collectively bought S$361k more than they sold, via options and on-market transactions, in the last 12 months. Upcoming Dividend • May 25
Upcoming dividend of S$0.05 per share at 8.6% yield Eligible shareholders must have bought the stock before 01 June 2023. Payment date: 19 June 2023. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 8.6%. Within top quartile of Singaporean dividend payers (6.4%). Higher than average of industry peers (3.4%). Ankündigung • May 11
SUTL Enterprise Limited Approves A Final 1-Tier Tax Exempt Dividend for the Year Ended 31 December 2022 SUTL Enterprise Limited approved the declaration of a final 1-tier tax exempt dividend at 5 cents per ordinary share for the year ended 31 December 2022. Reported Earnings • Apr 07
Full year 2022 earnings released: EPS: S$0.087 (vs S$0.057 in FY 2021) Full year 2022 results: EPS: S$0.087 (up from S$0.057 in FY 2021). Revenue: S$38.1m (up 20% from FY 2021). Net income: S$7.52m (up 53% from FY 2021). Profit margin: 20% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 01
Full year 2022 earnings released Full year 2022 results: Revenue: S$39.6m (up 24% from FY 2021). Net income: S$7.52m (up 53% from FY 2021). Profit margin: 19% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Richard Eu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 12
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$2.57m from profit in 1H 2021). Profit margin: (down from 16% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Ankündigung • Apr 28
SUTL Enterprise Limited Approves Final 1-Tier Tax Exempt Dividend for the Year Ended 31 December 2021 SUTL Enterprise Limited approved final 1-tier tax exempt dividend at 2 cents per ordinary share for the year ended 31 December 2021, at its AGM held on 27 April 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Richard Eu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 21
SUTL Enterprise Limited Proposes Final 1-Tier Tax Exempt Dividend, Payable on May 19, 2022 SUTL Enterprise Limited proposed final 1-tier tax exempt dividend at 2 cents per ordinary share for the year ended 31 December 2021 at the twenty-eighth annual general meeting of SUTL Enterprise Limited (the "Company") to be held on 27 April 2022 ("Annual General Meeting"), in respect of the Share Transfer Books and the Register of Members of the Company, for the purpose of determining the entitlement of shareholders to the Proposed Dividend the record date is 5th May 2022 (the "Record Date") at 5.00 p.m. Payment of the Proposed Dividend, if approved by shareholders at the Annual General Meeting, will be made on 19th May 2022. Reported Earnings • Apr 10
Full year 2021 earnings released: EPS: S$0.057 (vs S$0.037 in FY 2020) Full year 2021 results: EPS: S$0.057 (up from S$0.037 in FY 2020). Revenue: S$31.9m (up 18% from FY 2020). Net income: S$4.92m (up 55% from FY 2020). Profit margin: 15% (up from 12% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year. Ankündigung • Apr 06
SUTL Enterprise Limited, Annual General Meeting, Apr 27, 2022 SUTL Enterprise Limited, Annual General Meeting, Apr 27, 2022, at 15:00 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 31 December 2021 and the Auditors' Report thereon; To declare a final 1-tier tax exempt dividend at 2 cents per ordinary share for the year ended 31 December 2021; and to discuss other matters. Reported Earnings • Feb 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: S$0.057 (up from S$0.037 in FY 2020). Revenue: S$33.2m (up 20% from FY 2020). Net income: S$4.92m (up 55% from FY 2020). Profit margin: 15% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 10% per year and the company’s share price has also fallen by 10% per year. Ankündigung • Feb 25
SUTL Enterprise Limited Proposes Final Cash Dividend for Fiscal Year 2021 SUTL Enterprise Limited proposes a final cash dividend of 2.0 Singapore cents per ordinary share in fiscal year 2021, unchanged from fiscal year 2020 and subject to shareholders' approval at the Group's upcoming Annual General Meeting. Board Change • Jan 06
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Richard Eu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 09
Upcoming dividend of S$0.10 per share Eligible shareholders must have bought the stock before 16 September 2021. Payment date: 01 October 2021. Trailing yield: 3.4%. Lower than top quartile of Singaporean dividend payers (5.2%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 12
First half 2021 earnings released: EPS S$0.03 (vs S$0.016 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: S$15.7m (up 30% from 1H 2020). Net income: S$2.57m (up 84% from 1H 2020). Profit margin: 16% (up from 12% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Ankündigung • Apr 29
SUTL Enterprise Limited Approves Final Dividend for the Year Ended 31 December 2020 The Board of Directors of SUTL Enterprise Limited announced that at the Annual General Meeting of the Company held by electronic means on 28 April 2021. The shareholders approved the final dividend at 2 cents per ordinary share for the year ended 31 December 2020. Upcoming Dividend • Apr 27
Upcoming dividend of S$0.02 per share Eligible shareholders must have bought the stock before 04 May 2021. Payment date: 19 May 2021. Trailing yield: 4.0%. Lower than top quartile of Singaporean dividend payers (4.6%). Higher than average of industry peers (1.3%). Reported Earnings • Apr 12
Full year 2020 earnings released: EPS S$0.037 (vs S$0.029 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: S$27.6m (down 13% from FY 2019). Net income: S$3.18m (up 28% from FY 2019). Profit margin: 12% (up from 7.8% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 02
New 90-day low: S$0.47 The company is down 4.0% from its price of S$0.49 on 01 December 2020. The Singaporean market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is flat over the same period. Reported Earnings • Feb 24
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: S$29.4m (down 7.6% from FY 2019). Net income: S$3.18m (up 28% from FY 2019). Profit margin: 11% (up from 7.8% in FY 2019). The increase in margin was driven by lower expenses. Is New 90 Day High Low • Nov 18
New 90-day high: S$0.55 The company is up 49% from its price of S$0.37 on 18 August 2020. The Singaporean market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 10.0% over the same period. Is New 90 Day High Low • Oct 22
New 90-day high: S$0.49 The company is up 32% from its price of S$0.37 on 24 July 2020. The Singaporean market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 5.0% over the same period. Is New 90 Day High Low • Oct 01
New 90-day high: S$0.43 The company is up 21% from its price of S$0.36 on 02 July 2020. The Singaporean market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 6.0% over the same period.