DB:36T

Stock Analysis Report

Executive Summary

Genting Singapore Limited engages in the development, management, and operation of integrated resort destinations in Asia.

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Genting Singapore's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 36T has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

36T

2.7%

DE Hospitality

0.03%

DE Market


1 Year Return

6.4%

36T

-13.7%

DE Hospitality

9.9%

DE Market

Return vs Industry: 36T exceeded the German Hospitality industry which returned -13.7% over the past year.

Return vs Market: 36T underperformed the German Market which returned 9.9% over the past year.


Shareholder returns

36TIndustryMarket
7 Day0%2.7%0.03%
30 Day3.4%1.9%4.4%
90 Day11.2%41.0%13.6%
1 Year10.6%6.4%-7.6%-13.7%13.4%9.9%
3 Year17.7%4.9%12.9%-2.6%25.6%14.6%
5 Year12.1%-2.7%16.2%-6.4%36.9%18.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Genting Singapore undervalued compared to its fair value and its price relative to the market?

16.68x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 36T (€0.62) is trading above our estimate of fair value (€0.31)

Significantly Below Fair Value: 36T is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 36T is good value based on its PE Ratio (16.7x) compared to the Hospitality industry average (23.5x).

PE vs Market: 36T is good value based on its PE Ratio (16.7x) compared to the German market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: 36T is poor value based on its PEG Ratio (35.7x)


Price to Book Ratio

PB vs Industry: 36T is good value based on its PB Ratio (1.4x) compared to the DE Hospitality industry average (2.5x).


Next Steps

Future Growth

How is Genting Singapore forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

0.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 36T's forecast earnings growth (0.5% per year) is above the savings rate (0.2%).

Earnings vs Market: 36T's earnings (0.5% per year) are forecast to grow slower than the German market (12.5% per year).

High Growth Earnings: 36T's earnings are forecast to grow, but not significantly.

Revenue vs Market: 36T's revenue (2.3% per year) is forecast to grow slower than the German market (4.8% per year).

High Growth Revenue: 36T's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 36T's Return on Equity is forecast to be low in 3 years time (8.2%).


Next Steps

Past Performance

How has Genting Singapore performed over the past 5 years?

24.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 36T has high quality earnings.

Growing Profit Margin: 36T's current net profit margins (26.9%) are lower than last year (30.1%).


Past Earnings Growth Analysis

Earnings Trend: 36T's earnings have grown significantly by 24.9% per year over the past 5 years.

Accelerating Growth: 36T's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 36T had negative earnings growth (-7.5%) over the past year, making it difficult to compare to the Hospitality industry average (-35.8%).


Return on Equity

High ROE: 36T's Return on Equity (8.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Genting Singapore's financial position?


Financial Position Analysis

Short Term Liabilities: 36T's short term assets (SGD3.9B) exceeds its short term liabilities (SGD605.4M)

Long Term Liabilities: 36T's short term assets (3.9B) exceeds its long term liabilities (535.0M)


Debt to Equity History and Analysis

Debt Level: 36T's debt to equity ratio (3.2%) is considered satisfactory

Reducing Debt: 36T's debt to equity ratio has reduced from 18.4% to 3.2% over the past 5 years.

Debt Coverage: 36T's debt is well covered by operating cash flow (439.9%).

Interest Coverage: 36T earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 36T has a high level of physical assets or inventory.

Debt Coverage by Assets: 36T's debt is covered by short term assets (assets are 15.1x debt).


Next Steps

Dividend

What is Genting Singapore's current dividend yield, its reliability and sustainability?

3.70%

Current Dividend Yield


Dividend Yield vs Market

company3.7%marketbottom25%1.3%markettop25%3.7%industryaverage5.8%forecastin3Years3.9%

Current dividend yield vs market & industry

Notable Dividend: 36T's dividend (3.7%) is higher than the bottom 25% of dividend payers in the German market (1.33%).

High Dividend: 36T's dividend (3.7%) is in the top 25% of dividend payers in the German market (3.66%)


Stability and Growth of Payments

Stable Dividend: 36T has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 36T's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.8%), 36T's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 36T's dividends in 3 years are forecast to be covered by earnings (66.5% payout ratio).


Next Steps

Management

What is the CEO of Genting Singapore's salary, the management and board of directors tenure and is there insider trading?

9.8yrs

Average management tenure


CEO

Genting Singapore has no CEO, or we have no data on them.


Management Age and Tenure

9.8yrs

Average Tenure

63yo

Average Age

Experienced Management: 36T's management team is seasoned and experienced (9.8 years average tenure).


Board Age and Tenure

6.1yrs

Average Tenure

63yo

Average Age

Experienced Board: 36T's board of directors are considered experienced (6.1 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellS$75,88013 May 19
Seow Koh
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares125,000
Max PriceS$0.61

Ownership Breakdown

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


Management Team

  • Kok Thay Lim (67yo)

    Executive Chairman

    • Tenure: 26yrs
  • Hee Teck Tan (63yo)

    President

    • Tenure: 9.8yrs
  • Shi Ruh Lee (51yo)

    Chief Financial Officer

    • Tenure: 9.8yrs
  • On Nam Lee

    Executive Officer

    • Tenure: 0yrs
  • Jason Horkin

    Executive Officer

    • Tenure: 0yrs
  • Jason Pearce

    Executive Officer

    • Tenure: 0yrs
  • Lan Hing Liew

    Company Secretary

    • Tenure: 1.6yrs
  • Mark Chee

    Senior Vice President of Legal & Compliance - RWS

    • Tenure: 0yrs
  • Nanami Kasasaki

    Chief Corporate Officer

    • Tenure: 0yrs
  • Alan Teo

    Assistant Chief Operating Officer - RWS

    • Tenure: 0yrs

Board Members

  • Kok Thay Lim (67yo)

    Executive Chairman

    • Tenure: 26yrs
  • Hee Teck Tan (63yo)

    President

    • Tenure: 9.8yrs
  • Seow Koh (80yo)

    Independent Non-Executive Director

    • Tenure: 11.5yrs
  • Jonathan Asherson (63yo)

    Independent Non-Executive Director

    • Tenure: 2.5yrs
  • Wah Tan (58yo)

    Independent Non-Executive Director

    • Tenure: 2yrs
  • Carolina Chan (57yo)

    Lead Independent Director

    • Tenure: 0.6yrs

Company Information

Genting Singapore Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Genting Singapore Limited
  • Ticker: 36T
  • Exchange: DB
  • Founded: 1984
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: S$11.394b
  • Listing Market Cap: S$7.582b
  • Shares outstanding: 12.06b
  • Website: https://www.gentingsingapore.com

Number of Employees


Location

  • Genting Singapore Limited
  • 10 Sentosa Gateway
  • Resorts World Sentosa
  • Singapore
  • 98270
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
G13SGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 1992
GIGN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
36TDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
GIGN.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDNov 2008

Biography

Genting Singapore Limited engages in the development, management, and operation of integrated resort destinations in Asia. Its integrated resort destinations comprise gaming, hospitality, MICE, leisure, an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/16 21:13
End of Day Share Price2019/11/15 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.