BST:QSH

Stock Analysis Report

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Executive Summary

SHS Holdings Ltd., an investment holding company, engages in grit blasting and painting activities in Singapore, Malaysia, Vietnam, the People’s Republic of China, New Zealand, Australia, and Bangladesh.


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

How has SHS Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: QSH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.2%

QSH

7.5%

DE Construction

2.6%

DE Market


1 Year Return

-10.1%

QSH

-26.6%

DE Construction

8.1%

DE Market

Return vs Industry: QSH exceeded the German Construction industry which returned -26.6% over the past year.

Return vs Market: QSH underperformed the German Market which returned 8.1% over the past year.


Shareholder returns

QSHIndustryMarket
7 Day1.2%7.5%2.6%
30 Day-2.9%-7.7%-0.08%
90 Day-5.1%4.8%12.1%
1 Year-8.1%-10.1%-20.7%-26.6%10.5%8.1%
3 Year-25.6%-28.0%-42.3%-49.8%6.4%-2.1%
5 Year-16.6%-33.7%9.5%-7.5%15.2%-0.3%

Price Volatility Vs. Market

How volatile is SHS Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is SHS Holdings undervalued compared to its fair value and its price relative to the market?

0.67x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: QSH (€0.08) is trading above our estimate of fair value (€0.01)

Significantly Below Fair Value: QSH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: QSH is unprofitable, so we can't compare its PE Ratio to the XE Construction industry average.

PE vs Market: QSH is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate QSH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: QSH is good value based on its PB Ratio (0.7x) compared to the XE Construction industry average (1.1x).


Next Steps

Future Growth

How is SHS Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.4%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as SHS Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has SHS Holdings performed over the past 5 years?

-50.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QSH is currently unprofitable.

Growing Profit Margin: QSH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: QSH is unprofitable, and losses have increased over the past 5 years at a rate of 50.3% per year.

Accelerating Growth: Unable to compare QSH's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: QSH is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (7.6%).


Return on Equity

High ROE: QSH has a negative Return on Equity (-4.28%), as it is currently unprofitable.


Next Steps

Financial Health

How is SHS Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: QSH's short term assets (SGD129.4M) exceed its short term liabilities (SGD50.9M).

Long Term Liabilities: QSH's short term assets (SGD129.4M) exceed its long term liabilities (SGD19.7M).


Debt to Equity History and Analysis

Debt Level: QSH's debt to equity ratio (12%) is considered satisfactory.

Reducing Debt: QSH's debt to equity ratio has reduced from 40.1% to 12% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: QSH has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: QSH has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 44.5% each year.


Next Steps

Dividend

What is SHS Holdings's current dividend yield, its reliability and sustainability?

1.84%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: QSH's dividend (1.84%) is higher than the bottom 25% of dividend payers in the German market (1.23%).

High Dividend: QSH's dividend (1.84%) is low compared to the top 25% of dividend payers in the German market (3.78%).


Stability and Growth of Payments

Stable Dividend: QSH's dividend payments have been volatile in the past 10 years.

Growing Dividend: QSH's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: QSH is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average management tenure


CEO

Henry Ng

6.5yrs

Tenure

Mr. Han Kok Ng, also known as Henry, has been the Chief Executive Officer of SHS Holdings Ltd. since February 28, 2014 and its Executive Director since January 03, 2014. Mr. Ng’s role is to drive the integ ...


Leadership Team

NamePositionTenureCompensationOwnership
Choon Kiat Teng
Executive Chairman2.42yrsno data28.45%
SGD 19.6m
Han Kok Ng
Group CEO & Executive Director6.5yrsno data17.62%
SGD 12.2m
Tat Yang Wong
Chief Financial Officer1yrno datano data
Siok Kwee Lim
Executive Director & CEO of Corrosion Prevention Services4.67yrsno data0.88%
SGD 606.7k
Yin Yee Lee
Chief Operating Officer of Solar Energy Segmentno datano datano data
Alistair William Sawer
Managing Director of Modular Construction - Engineering & Construction Segmentno datano datano data
Vasuder Nair
Chief Financial Officer of Modular Construction - Engineering & Constructionno datano datano data
Kok Keong Chua
Chief Executive Officer of EPC - Solar Energy Segmentno datano datano data
Lay Tan
Company Secretary1yrno datano data
Yeok Lim Tan
Regional Director of Industrial & Wholesale and Business Development for Tat Petroleum Pte Ltd5.17yrsno datano data

4.7yrs

Average Tenure

Experienced Management: QSH's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Choon Kiat Teng
Executive Chairman2.42yrsno data28.45%
SGD 19.6m
Han Kok Ng
Group CEO & Executive Director6.5yrsno data17.62%
SGD 12.2m
Siok Kwee Lim
Executive Director & CEO of Corrosion Prevention Services4.67yrsno data0.88%
SGD 606.7k
Kuo Chuen Lee
Independent Director6.83yrsno datano data
Gee Aik Lee
Independent Director5.08yrsno datano data
Eng Bin Oh
Independent Director6.58yrsno datano data

5.8yrs

Average Tenure

59.5yo

Average Age

Experienced Board: QSH's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SHS Holdings Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SHS Holdings Ltd.
  • Ticker: QSH
  • Exchange: BST
  • Founded: 1971
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: S$111.671m
  • Listing Market Cap: S$69.034m
  • Shares outstanding: 685.10m
  • Website: https://www.shsholdings.com.sg

Number of Employees


Location

  • SHS Holdings Ltd.
  • 19 Tuas Avenue 20
  • Singapore
  • 638830
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
566SGX (Singapore Exchange)YesOrdinary SharesSGSGDNov 1998
QSHBST (Boerse-Stuttgart)YesOrdinary SharesDEEURNov 1998

Biography

SHS Holdings Ltd., an investment holding company, engages in grit blasting and painting activities in Singapore, Malaysia, Vietnam, the People’s Republic of China, New Zealand, Australia, and Bangladesh. I ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 21:09
End of Day Share Price2020/08/07 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.