DB:SXTN

Stock Analysis Report

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Executive Summary

SingHaiyi Group Ltd., an investment holding company, develops, owns, and manages real estate properties in Singapore, Malaysia, Australia, and the United States.


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has SingHaiyi Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SXTN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.0%

SXTN

2.8%

DE Real Estate

3.1%

DE Market


1 Year Return

-37.5%

SXTN

-5.9%

DE Real Estate

0.1%

DE Market

Return vs Industry: SXTN underperformed the German Real Estate industry which returned -5.9% over the past year.

Return vs Market: SXTN underperformed the German Market which returned 0.1% over the past year.


Shareholder returns

SXTNIndustryMarket
7 Day-3.0%2.8%3.1%
30 Day-8.5%8.2%5.6%
90 Day-28.6%-3.6%-1.8%
1 Year-36.3%-37.5%-4.5%-5.9%1.8%0.1%
3 Yearn/a29.4%21.6%-7.2%-14.3%
5 Yearn/a98.5%72.6%4.3%-9.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is SingHaiyi Group undervalued compared to its fair value and its price relative to the market?

300x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SXTN (€0.03) is trading above our estimate of fair value (€0.01)

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


Price To Earnings Ratio

PE vs Industry: SXTN is poor value based on its PE Ratio (300x) compared to the Real Estate industry average (10.3x).

PE vs Market: SXTN is poor value based on its PE Ratio (300x) compared to the German market (19.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SXTN is good value based on its PB Ratio (0.4x) compared to the DE Real Estate industry average (1.4x).


Next Steps

Future Growth

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

-3.0%

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 SingHaiyi Group 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 SingHaiyi Group performed over the past 5 years?

-8.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SXTN has a high level of non-cash earnings.

Growing Profit Margin: SXTN's current net profit margins (2.5%) are lower than last year (13.6%).


Past Earnings Growth Analysis

Earnings Trend: SXTN's earnings have declined by -8.3% per year over the past 5 years.

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

Earnings vs Industry: SXTN had negative earnings growth (-94.1%) over the past year, making it difficult to compare to the Real Estate industry average (10%).


Return on Equity

High ROE: SXTN's Return on Equity (-2.3%) is considered low.


Next Steps

Financial Health

How is SingHaiyi Group's financial position?


Financial Position Analysis

Short Term Liabilities: SXTN's short term assets (SGD1.9B) exceed its short term liabilities (SGD186.2M).

Long Term Liabilities: SXTN's short term assets (SGD1.9B) exceed its long term liabilities (SGD1.4B).


Debt to Equity History and Analysis

Debt Level: SXTN's debt to equity ratio (231.1%) is considered high.

Reducing Debt: SXTN's debt to equity ratio has increased from 125.5% to 231.1% over the past 5 years.

Debt Coverage: SXTN's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if SXTN's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is SingHaiyi Group's current dividend yield, its reliability and sustainability?

2.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SXTN's dividend (2.17%) is higher than the bottom 25% of dividend payers in the German market (1.28%).

High Dividend: SXTN's dividend (2.17%) is low compared to the top 25% of dividend payers in the German market (3.94%).


Stability and Growth of Payments

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

Growing Dividend: SXTN has only been paying a dividend for 4 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (652.2%), SXTN's dividend payments are not 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.


Next Steps

Management

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

6.5yrs

Average management tenure


CEO

Serena Tang

6.5yrs

Tenure

Mrs. Celine Tang @ Chen Huaidan, also known as Serena, has been the Non-Executive Chairman of the Board at Chip Eng Seng Corp. Ltd since October 11, 2018. Mrs. Tang has been Non-Executive Chairman at OKH G ...


Leadership Team

NamePositionTenureCompensationOwnership
Celine Tang
Group MD & Executive Director6.5yrsno datano data
Jia-Cheun Kok
Chief Financial Officer1.17yrsno datano data
Jinshan Mao
Managing Director of USA Operations & Executive Director7.17yrsno data0.097% SGD179.5k
Chee Wah Sim
Deputy Chief Executive Officerno datano datano data
Form Cho
Company Secretary6.5yrsno datano data
Soy Lee Chang
General Manager of Project Developmentno datano datano data

6.5yrs

Average Tenure

Experienced Management: SXTN's management team is seasoned and experienced (6.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Celine Tang
Group MD & Executive Director6.5yrsno datano data
Jinshan Mao
Managing Director of USA Operations & Executive Director7.17yrsno data0.097% SGD179.5k
Hiang Meng Gn
Lead Independent Non-Executive Director6yrsno data0.018% SGD33.0k
Soo Chin Hwang
Independent Non-Executive Director6.92yrsno data0.036% SGD66.0k
Yen Tarn See
Independent Non-Executive Director4.67yrsno datano data
Neil Mallon Bush
Non-Executive Chairman of the Board7.17yrsno datano data
Manlin Yang
Independent Non-Executive Director3.67yrsno datano data

6.9yrs

Average Tenure

64yo

Average Age

Experienced Board: SXTN's board of directors are considered experienced (6.9 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

SingHaiyi Group Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SingHaiyi Group Ltd.
  • Ticker: SXTN
  • Exchange: DB
  • Founded: 1988
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: S$290.630m
  • Listing Market Cap: S$185.463m
  • Shares outstanding: 4.21b
  • Website: https://www.singhaiyi.com

Number of Employees


Location

  • SingHaiyi Group Ltd.
  • 6 Shenton Way
  • No. 45-01 OUE Downtown 1
  • Singapore
  • 68809
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
5H0SGX (Singapore Exchange)YesOrdinary SharesSGSGDJul 2002
SXTNDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2002

Biography

SingHaiyi Group Ltd., an investment holding company, develops, owns, and manages real estate properties in Singapore, Malaysia, Australia, and the United States. It operates through Property Development; and Property and Property Related Investment segments. The company develops and sells residential properties; owns and manages residential, commercial, retail, and other properties; and leases Tri-County Mall. It also provides property development advisory services. The company was formerly known as SingXpress Land Ltd. and changed its name to SingHaiyi Group Ltd. in March 2013. SingHaiyi Group Ltd. was incorporated in 1988 and is headquartered in Singapore. SingHaiyi Group Ltd. is a subsidiary of Haiyi Holdings Pte Ltd. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/01 22:24
End of Day Share Price2020/05/29 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.