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SPSE

S P Setia BerhadKLSE:SPSETIA Stock Report

Market Cap

RM6.0b

7D

17.6%

1Y

102.8%

Updated

19 Oct, 2021

Data

Company Financials +
SPSETIA fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance0/6
Financial Health3/6
Dividends0/6

SPSETIA Overview

S P Setia Berhad, an investment holding company, operates as a property development and investment company in Malaysia, Singapore, Australia, Vietnam, China, Japan, and the United Kingdom.

S P Setia Berhad Competitors

IOI Properties Group Berhad

KLSE:IOIPG

RM7.1b

Sime Darby Property Berhad

KLSE:SIMEPROP

RM5.1b

UOA Development Bhd

KLSE:UOADEV

RM4.0b

Eco World Development Group Berhad

KLSE:ECOWLD

RM2.8b

Price History & Performance

Summary of all time highs, changes and price drops for S P Setia Berhad
Historical stock prices
Current Share PriceRM1.47
52 Week HighRM0.66
52 Week LowRM1.50
Beta1.05
1 Month Change20.49%
3 Month Change33.64%
1 Year Change102.76%
3 Year Change-30.33%
5 Year Change-58.00%
Change since IPO89.78%

Recent News & Updates

Oct 05
Does S P Setia Berhad (KLSE:SPSETIA) Have A Healthy Balance Sheet?

Does S P Setia Berhad (KLSE:SPSETIA) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Jun 24
S P Setia Berhad (KLSE:SPSETIA) Has A Somewhat Strained Balance Sheet

S P Setia Berhad (KLSE:SPSETIA) Has A Somewhat Strained Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

SPSETIAMY Real EstateMY Market
7D17.6%5.3%1.3%
1Y102.8%28.6%8.7%

Return vs Industry: SPSETIA exceeded the MY Real Estate industry which returned 27.7% over the past year.

Return vs Market: SPSETIA exceeded the MY Market which returned 8.2% over the past year.

Price Volatility

Is SPSETIA's price volatile compared to industry and market?
SPSETIA volatility
SPSETIA Beta1.05
Industry Beta0.90
Market Beta1

Stable Share Price: SPSETIA is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SPSETIA's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19742,162Kai Choonghttps://www.spsetia.com

S P Setia Berhad, an investment holding company, operates as a property development and investment company in Malaysia, Singapore, Australia, Vietnam, China, Japan, and the United Kingdom. It develops townships, eco-sanctuaries, luxury enclaves, and high-rise residences, as well as commercial, retail, and integrated mixed developments. The company also invests in and manages properties; operates and manages recreation club and banquet, convention center, and golf course; operates and leases retail food and beverage outlets; fabricates, installs, and sells wood products; sells household goods and building materials; and manufactures and sells building materials.

S P Setia Berhad Fundamentals Summary

How do S P Setia Berhad's earnings and revenue compare to its market cap?
SPSETIA fundamental statistics
Market CapRM5.98b
Earnings (TTM)-RM192.79m
Revenue (TTM)RM4.33b

1.4x

P/S Ratio

-31.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPSETIA income statement (TTM)
RevenueRM4.33b
Cost of RevenueRM3.32b
Gross ProfitRM1.01b
ExpensesRM1.20b
Earnings-RM192.79m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.047
Gross Margin23.26%
Net Profit Margin-4.45%
Debt/Equity Ratio84.1%

How did SPSETIA perform over the long term?

See historical performance and comparison

Valuation

Is S P Setia Berhad undervalued compared to its fair value and its price relative to the market?

0.5x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: SPSETIA (MYR1.47) is trading above our estimate of fair value (MYR1.38)

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


Price To Earnings Ratio

PE vs Industry: SPSETIA is unprofitable, so we can't compare its PE Ratio to the MY Real Estate industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SPSETIA's PB Ratio (0.5x) is in line with the MY Real Estate industry average.


Future Growth

How is S P Setia Berhad forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

23.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPSETIA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.6%).

Earnings vs Market: SPSETIA is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SPSETIA's is expected to become profitable in the next 3 years.

Revenue vs Market: SPSETIA's revenue (7.4% per year) is forecast to grow faster than the MY market (6.5% per year).

High Growth Revenue: SPSETIA's revenue (7.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SPSETIA's Return on Equity is forecast to be low in 3 years time (2.8%).


Past Performance

How has S P Setia Berhad performed over the past 5 years?

-63.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPSETIA is currently unprofitable.

Growing Profit Margin: SPSETIA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SPSETIA is unprofitable, and losses have increased over the past 5 years at a rate of 63.1% per year.

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

Earnings vs Industry: SPSETIA is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (11.6%).


Return on Equity

High ROE: SPSETIA has a negative Return on Equity (0.22%), as it is currently unprofitable.


Financial Health

How is S P Setia Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: SPSETIA's short term assets (MYR12.0B) exceed its short term liabilities (MYR4.9B).

Long Term Liabilities: SPSETIA's short term assets (MYR12.0B) exceed its long term liabilities (MYR11.2B).


Debt to Equity History and Analysis

Debt Level: SPSETIA's debt to equity ratio (84.1%) is considered high.

Reducing Debt: SPSETIA's debt to equity ratio has increased from 57.6% to 84.1% over the past 5 years.

Debt Coverage: SPSETIA's debt is not well covered by operating cash flow (10.3%).

Interest Coverage: SPSETIA's interest payments on its debt are well covered by EBIT (9.6x coverage).


Balance Sheet


Dividend

What is S P Setia Berhad current dividend yield, its reliability and sustainability?

1.35%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SPSETIA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SPSETIA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SPSETIA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SPSETIA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SPSETIA is not paying a notable dividend for the MY market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SPSETIA's dividend in 3 years as they are not forecast to pay a notable one for the MY market.


Next Steps

Management

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

5.1yrs

Average management tenure


CEO

Kai Choong (60 yo)

no data

Tenure

Mr. Kai Wai Choong serves as President & Chief Executive Officer at S P Setia Berhad since October 1, 2021. He served as Chief Executive Officer of Setia (Melbourne) Development Company Pty Ltd at S P Seti...


Leadership Team

Experienced Management: SPSETIA's management team is seasoned and experienced (5.1 years average tenure).


Board Members

Experienced Board: SPSETIA's board of directors are considered experienced (6.8 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

S P Setia Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: S P Setia Berhad
  • Ticker: SPSETIA
  • Exchange: KLSE
  • Founded: 1974
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: RM5.980b
  • Shares outstanding: 4.07b
  • Website: https://www.spsetia.com

Number of Employees


Location

  • S P Setia Berhad
  • 12, Persiaran Setia Dagang
  • Setia Alam
  • Shah Alam
  • Selangor
  • 40170
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 11:06
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.