Tuan Sing Holdings Limited, an investment holding company, engages in the property development and investment, hotels investment, and industrial services businesses in Singapore, Australia, China, Malaysia, and Indonesia.
+ 1 more risk
Fair value second-rate dividend payer.
Share Price & News
How has Tuan Sing Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TUS's share price has been volatile over the past 3 months.
7 Day Return
DE Real Estate
1 Year Return
DE Real Estate
Return vs Industry: TUS underperformed the German Real Estate industry which returned -8.2% over the past year.
Return vs Market: TUS underperformed the German Market which returned -0.1% over the past year.
Price Volatility Vs. Market
How volatile is Tuan Sing Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Tuan Sing Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TUS (€0.13) is trading above our estimate of fair value (€0.04)
Significantly Below Fair Value: TUS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TUS is good value based on its PE Ratio (8x) compared to the Real Estate industry average (10.3x).
PE vs Market: TUS is good value based on its PE Ratio (8x) compared to the German market (19x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TUS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TUS is good value based on its PB Ratio (0.2x) compared to the DE Real Estate industry average (1.3x).
How is Tuan Sing Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate 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 Tuan Sing 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.
- Examine whether Tuan Sing Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Tuan Sing Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Tuan Sing Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TUS has a large one-off gain of SGD33.1M impacting its December 31 2019 financial results.
Growing Profit Margin: TUS's current net profit margins (10.7%) are lower than last year (39.1%).
Past Earnings Growth Analysis
Earnings Trend: TUS's earnings have grown by 11.5% per year over the past 5 years.
Accelerating Growth: TUS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TUS had negative earnings growth (-74.8%) over the past year, making it difficult to compare to the Real Estate industry average (10%).
Return on Equity
High ROE: TUS's Return on Equity (2.9%) is considered low.
How is Tuan Sing Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: TUS's short term assets (SGD619.4M) exceed its short term liabilities (SGD395.9M).
Long Term Liabilities: TUS's short term assets (SGD619.4M) do not cover its long term liabilities (SGD1.5B).
Debt to Equity History and Analysis
Debt Level: TUS's debt to equity ratio (153%) is considered high.
Reducing Debt: TUS's debt to equity ratio has reduced from 165.3% to 153% over the past 5 years.
Debt Coverage: TUS's debt is not well covered by operating cash flow (1.2%).
Interest Coverage: TUS's interest payments on its debt are not well covered by EBIT (0.8x coverage).
What is Tuan Sing Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TUS's dividend (2.67%) is higher than the bottom 25% of dividend payers in the German market (1.32%).
High Dividend: TUS's dividend (2.67%) is low compared to the top 25% of dividend payers in the German market (4.07%).
Stability and Growth of Payments
Stable Dividend: TUS's dividend payments have been volatile in the past 10 years.
Growing Dividend: TUS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.4%), TUS's dividend payments are well covered by earnings.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
William Liem Nursalim (46yo)
Mr. William Nursalim, also known as William Liem, B.Sc., MBA, serves as an Interim Executive Director of SP Corporation Limited since February 10, 2020. He has been the Chief Executive Officer of Tuan Sing ...
CEO Compensation Analysis
Compensation vs Market: William Liem's total compensation ($USD970.37K) is above average for companies of similar size in the German market ($USD711.30K).
Compensation vs Earnings: William Liem's compensation has been consistent with company performance over the past year.
|CEO & Executive Director||12.33yrs||S$1.38m||no data|
|Chief Financial Officer||1.75yrs||no data||no data|
|General Counsel||2.83yrs||no data||no data|
|Senior Vice President of Sales||3.08yrs||no data||no data|
|Human Resource Director||1.25yrs||no data||no data|
|Senior Vice President of Property Management||3.08yrs||no data||no data|
|Managing Director of Soil & Foundation||no data||no data||no data|
|Senior Vice President of Business Development||no data||no data||no data|
|Managing Director of Commodities Trading||no data||no data||no data|
|Managing Director of Tyre & Auto Products||no data||no data||no data|
Experienced Management: TUS's management team is considered experienced (3 years average tenure).
|CEO & Executive Director||12.33yrs||S$1.38m||no data|
|Independent Non-Executive Director||0.75yr||S$31.90k||no data|
|Independent & Non-Executive Director||2.75yrs||S$86.50k||no data|
|Non-Independent & Non-Executive Director||19.08yrs||S$69.00k||no data|
|Independent & Non-Executive Director||18.25yrs||S$133.50k||no data|
Experienced Board: TUS's board of directors are seasoned and experienced ( 16.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tuan Sing Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Tuan Sing Holdings Limited
- Ticker: TUS
- Exchange: BST
- Founded: 1969
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: S$266.364m
- Listing Market Cap: S$170.724m
- Shares outstanding: 1.18b
- Website: https://www.tuansing.com
- Tuan Sing Holdings Limited
- 9 Oxley Rise
- No. 03-02 The Oxley
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|T24||SGX (Singapore Exchange)||Yes||Ordinary Shares||SG||SGD||Jan 1992|
|TUS||BST (Boerse-Stuttgart)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
Tuan Sing Holdings Limited, an investment holding company, engages in the property development and investment, hotels investment, and industrial services businesses in Singapore, Australia, China, Malaysia, and Indonesia. The company’s Property segment develops and invests in residential, commercial, and industrial properties; and provides property management services. Its Hotels Investment segment owns two five-star hotels managed by Hyatt International in Melbourne and Perth, Australia. The company’s Industrial Services segment trades in and markets various industrial commodities, including coal, rubber, and aluminum; and manufactures and markets polypropylene woven bags. Its Other Investments segment manufactures and sells printed circuit boards for customers in the automotive, computer peripheral, consumer electronics, telecommunication, healthcare, and instrument and control sectors; and retails golf-related lifestyle products, as well as deals in footwear. The company was formerly known as Hytex Limited and changed its name to Tuan Sing Holdings Limited in 1983. Tuan Sing Holdings Limited was founded in 1969 and is headquartered in Singapore.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/28 23:12|
|End of Day Share Price||2020/05/28 00:00|
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.