company background image
SIME

Sime Darby Property Berhad KLSE:SIMEPROP Stock Report

Last Price

RM0.45

Market Cap

RM3.1b

7D

-1.1%

1Y

-31.3%

Updated

29 Sep, 2022

Data

Company Financials +
SIMEPROP fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends3/6

SIMEPROP Stock Overview

Sime Darby Property Berhad engages in property development, investment and asset management, and leisure activities in Malaysia, Singapore, and the United Kingdom.

Sime Darby Property Berhad Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sime Darby Property Berhad
Historical stock prices
Current Share PriceRM0.45
52 Week HighRM0.80
52 Week LowRM0.41
Beta1.1
1 Month Change-6.25%
3 Month Change1.12%
1 Year Change-31.30%
3 Year Change-46.75%
5 Year Changen/a
Change since IPO-62.50%

Recent News & Updates

Jul 06
At RM0.42, Is It Time To Put Sime Darby Property Berhad (KLSE:SIMEPROP) On Your Watch List?

At RM0.42, Is It Time To Put Sime Darby Property Berhad (KLSE:SIMEPROP) On Your Watch List?

While Sime Darby Property Berhad ( KLSE:SIMEPROP ) might not be the most widely known stock at the moment, it saw...

Shareholder Returns

SIMEPROPMY Real EstateMY Market
7D-1.1%-3.4%-2.7%
1Y-31.3%-14.8%-12.0%

Return vs Industry: SIMEPROP underperformed the MY Real Estate industry which returned -14.1% over the past year.

Return vs Market: SIMEPROP underperformed the MY Market which returned -12.1% over the past year.

Price Volatility

Is SIMEPROP's price volatile compared to industry and market?
SIMEPROP volatility
SIMEPROP Average Weekly Movement4.3%
Real Estate Industry Average Movement5.0%
Market Average Movement5.3%
10% most volatile stocks in MY Market11.2%
10% least volatile stocks in MY Market2.4%

Stable Share Price: SIMEPROP is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SIMEPROP's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19731,348Azmir Bin Azmi Mericanhttps://www.simedarbyproperty.com

Sime Darby Property Berhad engages in property development, investment and asset management, and leisure activities in Malaysia, Singapore, and the United Kingdom. It develops residential, commercial, and industrial properties; leases properties; and provides assets and management, as well as golf, hotel, and other recreational facilities and services. The company also engages in the project development; operation of convention centers and service residences; leasing of hotel building, clubhouse building, and golf course; and provision of property investment and management, construction, and golfing and sporting services.

Sime Darby Property Berhad Fundamentals Summary

How do Sime Darby Property Berhad's earnings and revenue compare to its market cap?
SIMEPROP fundamental statistics
Market CapRM3.06b
Earnings (TTM)RM204.15m
Revenue (TTM)RM2.23b

15.0x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SIMEPROP income statement (TTM)
RevenueRM2.23b
Cost of RevenueRM1.62b
Gross ProfitRM600.37m
Other ExpensesRM396.22m
EarningsRM204.15m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.03
Gross Margin26.98%
Net Profit Margin9.17%
Debt/Equity Ratio38.3%

How did SIMEPROP perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

33%

Payout Ratio

Does SIMEPROP pay a reliable dividends?

See SIMEPROP dividend history and benchmarks
When do you need to buy SIMEPROP by to receive an upcoming dividend?
Sime Darby Property Berhad dividend dates
Ex Dividend DateSep 29 2022
Dividend Pay DateOct 19 2022
Days until Ex dividend1 day
Days until Dividend pay date19 days

Does SIMEPROP pay a reliable dividends?

See SIMEPROP dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is SIMEPROP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SIMEPROP?

Other financial metrics that can be useful for relative valuation.

SIMEPROP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.9x
Enterprise Value/EBITDA18.7x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does SIMEPROP's PE Ratio compare to its peers?

SIMEPROP PE Ratio vs Peers
The above table shows the PE ratio for SIMEPROP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.5x
SPSETIA S P Setia Berhad
15.8x2.2%RM2.4b
MATRIX Matrix Concepts Holdings Berhad
8.4x7.2%RM1.9b
ECOWLD Eco World Development Group Berhad
9.1x4.6%RM1.8b
OSK OSK Holdings Berhad
4.9x13.8%RM1.8b
SIMEPROP Sime Darby Property Berhad
15x13.2%RM3.1b

Price-To-Earnings vs Peers: SIMEPROP is expensive based on its Price-To-Earnings Ratio (15x) compared to the peer average (9.5x).


Price to Earnings Ratio vs Industry

How does SIMEPROP's PE Ratio compare vs other companies in the MY Real Estate Industry?

Price-To-Earnings vs Industry: SIMEPROP is expensive based on its Price-To-Earnings Ratio (15x) compared to the MY Real Estate industry average (10.9x)


Price to Earnings Ratio vs Fair Ratio

What is SIMEPROP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SIMEPROP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15x
Fair PE Ratio17.5x

Price-To-Earnings vs Fair Ratio: SIMEPROP is good value based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (17.5x).


Share Price vs Fair Value

What is the Fair Price of SIMEPROP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SIMEPROP (MYR0.45) is trading above our estimate of fair value (MYR0.17)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Sime Darby Property Berhad forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIMEPROP's forecast earnings growth (13.2% per year) is above the savings rate (3.6%).

Earnings vs Market: SIMEPROP's earnings (13.2% per year) are forecast to grow faster than the MY market (9.6% per year).

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

Revenue vs Market: SIMEPROP's revenue (9.8% per year) is forecast to grow faster than the MY market (4.8% per year).

High Growth Revenue: SIMEPROP's revenue (9.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SIMEPROP's Return on Equity is forecast to be low in 3 years time (3.1%).


Discover growth companies

Past Performance

How has Sime Darby Property Berhad performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-48.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SIMEPROP has high quality earnings.

Growing Profit Margin: SIMEPROP became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SIMEPROP's earnings have declined by 48.8% per year over the past 5 years.

Accelerating Growth: SIMEPROP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SIMEPROP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (7.7%).


Return on Equity

High ROE: SIMEPROP's Return on Equity (2.2%) is considered low.


Discover strong past performing companies

Financial Health

How is Sime Darby Property Berhad's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SIMEPROP's short term assets (MYR4.6B) exceed its short term liabilities (MYR2.7B).

Long Term Liabilities: SIMEPROP's short term assets (MYR4.6B) exceed its long term liabilities (MYR3.4B).


Debt to Equity History and Analysis

Debt Level: SIMEPROP's net debt to equity ratio (33%) is considered satisfactory.

Reducing Debt: SIMEPROP's debt to equity ratio has reduced from 69.9% to 38.3% over the past 5 years.

Debt Coverage: SIMEPROP's debt is well covered by operating cash flow (20.8%).

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


Balance Sheet


Discover healthy companies

Dividend

What is Sime Darby Property Berhad current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.22%

Current Dividend Yield

Dividend Yield vs Market

Sime Darby Property Berhad Dividend Yield vs Market
How does Sime Darby Property Berhad dividend yield compare to the market?
SegmentDividend Yield
Company (Sime Darby Property Berhad)2.2%
Market Bottom 25% (MY)2.1%
Market Top 25% (MY)5.4%
Industry Average (Real Estate)4.0%
Analyst forecast in 3 Years (Sime Darby Property Berhad)4.0%

Notable Dividend: SIMEPROP's dividend (2.22%) is higher than the bottom 25% of dividend payers in the MY market (2.12%).

High Dividend: SIMEPROP's dividend (2.22%) is low compared to the top 25% of dividend payers in the MY market (5.3%).


Stability and Growth of Payments

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

Growing Dividend: SIMEPROP has only been paying a dividend for 5 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (33.3%), SIMEPROP's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (9.1%), SIMEPROP's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

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

2.3yrs

Average management tenure


CEO

Azmir Bin Azmi Merican (51 yo)

2.17yrs

Tenure

RM2,114,000

Compensation

Mr. Azmir Merican Bin Azmi Merican serves as Group Managing Director at Sime Darby Property Berhad since joining in April 22, 2020 and its Director since July 2020. He started his career as an investment a...


CEO Compensation Analysis

Azmir Bin Azmi Merican's Compensation vs Sime Darby Property Berhad Earnings
How has Azmir Bin Azmi Merican's remuneration changed compared to Sime Darby Property Berhad's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

RM204m

Mar 31 2022n/an/a

RM123m

Dec 31 2021RM2mRM2m

RM137m

Sep 30 2021n/an/a

RM22m

Jun 30 2021n/an/a

-RM322m

Mar 31 2021n/an/a

-RM438m

Dec 31 2020RM2mRM1m

-RM502m

Compensation vs Market: Azmir's total compensation ($USD456.62K) is about average for companies of similar size in the MY market ($USD410.69K).

Compensation vs Earnings: Azmir's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SIMEPROP's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: SIMEPROP's board of directors are considered experienced (3.3 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

What is the ownership structure of SIMEPROP?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders38,600,0000.6%
State or Government45,804,3650.7%
Private Companies69,068,7001.0%
General Public935,452,89113.8%
Institutions1,817,608,09226.7%
Sovereign Wealth Funds3,894,305,32957.3%

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


Top Shareholders

Top 25 shareholders own 86.07% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
57.26%
Permodalan Nasional Berhad
3,894,305,329MYR1.8b0%1.19%
9.08%
Employees Provident Fund of Malaysia
617,420,810MYR277.8m-0.51%0.18%
6.4%
Kumpulan Wang Persaraan
435,025,712MYR195.8m-0.21%0.39%
1.96%
Eastspring Investments (Singapore) Limited
133,026,215MYR59.9m0%0.07%
1.4%
Public Mutual Berhad
95,205,879MYR42.8m0%0.28%
1.36%
The Vanguard Group, Inc.
92,572,266MYR41.7m0%no data
1.23%
Great Eastern Life Assurance (Malaysia) Berhad, Insurance Investments
83,495,651MYR37.6m0%0.35%
0.84%
BlackRock, Inc.
57,040,067MYR25.7m0.27%no data
0.81%
Kuwait Investment Office
55,072,900MYR24.8m0%0.92%
0.75%
Hong Leong Company (Malaysia) Berhad (Hlcm)
50,701,700MYR22.8m0%no data
0.67%
Pertubuhan Keselamatan Sosial
45,804,365MYR20.6m0%no data
0.63%
State Street Global Advisors, Inc.
42,857,100MYR19.3m0%no data
0.59%
Allianz SE, Insurance Investments
40,099,157MYR18.0m0%0.62%
0.58%
Norges Bank Investment Management
39,283,400MYR17.7m0%no data
0.57%
Leng Chan Quek
38,600,000MYR17.4m0%no data
0.47%
Dimensional Fund Advisors LP
31,846,040MYR14.3m1.6%no data
0.33%
Hong Leong Asset Management Bhd
22,307,131MYR10.0m0%0.35%
0.28%
UBS Asset Management
18,997,976MYR8.5m0%no data
0.28%
Principal Global Investors, LLC
18,907,803MYR8.5m0%no data
0.27%
Associated Land Sendirian Berhad
18,367,000MYR8.3m0%no data
0.13%
River and Mercantile Asset Management LLP
8,749,860MYR3.9m0%0.05%
0.08%
Pacific Mutual Fund Bhd
5,449,045MYR2.5m0%1.62%
0.059%
RHB Asset Management Sdn Bhd
4,001,000MYR1.8m0%0.15%
0.038%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
2,605,000MYR1.2m8.24%no data
0.029%
Banca Credinvest SA, Asset Management Arm
2,000,000MYR900.0k-20%0.63%

Company Information

Sime Darby Property Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: Sime Darby Property Berhad
  • Ticker: SIMEPROP
  • Exchange: KLSE
  • Founded: 1973
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: RM3.060b
  • Shares outstanding: 6.80b
  • Website: https://www.simedarbyproperty.com

Number of Employees


Location

  • Sime Darby Property Berhad
  • Block G, No.2, Jalan PJU 1A/7A
  • Level 10
  • Petaling Jaya
  • Selangor
  • 47301
  • Malaysia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SIMEPROPKLSE (Bursa Malaysia)YesOrdinary SharesMYMYRNov 2017
SIME.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2017

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.