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500

Tai Sin ElectricSGX:500 Stock Report

Market Cap

S$184.1m

7D

2.6%

1Y

27.0%

Updated

17 Oct, 2021

Data

Company Financials
500 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends4/6

500 Overview

Tai Sin Electric Limited, together with its subsidiaries, designs, develops, manufactures, and trades in cable and wire products.

Price History & Performance

Summary of all time highs, changes and price drops for Tai Sin Electric
Historical stock prices
Current Share PriceS$0.40
52 Week HighS$0.29
52 Week LowS$0.40
Beta0.27
1 Month Change3.90%
3 Month Change11.11%
1 Year Change26.98%
3 Year Change6.67%
5 Year Change3.90%
Change since IPO135.29%

Recent News & Updates

Sep 08
Tai Sin Electric (SGX:500) Has Announced That It Will Be Increasing Its Dividend To S$0.015

Tai Sin Electric (SGX:500) Has Announced That It Will Be Increasing Its Dividend To S$0.015

The board of Tai Sin Electric Limited ( SGX:500 ) has announced that it will be increasing its dividend on the 15th of...

Jun 10
If You Like EPS Growth Then Check Out Tai Sin Electric (SGX:500) Before It's Too Late

If You Like EPS Growth Then Check Out Tai Sin Electric (SGX:500) Before It's Too Late

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

May 11
Key Things To Watch Out For If You Are After Tai Sin Electric Limited's (SGX:500) 4.4% Dividend

Key Things To Watch Out For If You Are After Tai Sin Electric Limited's (SGX:500) 4.4% Dividend

Today we'll take a closer look at Tai Sin Electric Limited ( SGX:500 ) from a dividend investor's perspective. Owning a...

Shareholder Returns

500SG ElectricalSG Market
7D2.6%2.7%2.0%
1Y27.0%15.8%21.6%

Return vs Industry: 500 exceeded the SG Electrical industry which returned 15.8% over the past year.

Return vs Market: 500 exceeded the SG Market which returned 21.6% over the past year.

Price Volatility

Is 500's price volatile compared to industry and market?
500 volatility
500 Beta0.27
Industry Beta0.88
Market Beta1

Stable Share Price: 500 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 500's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1980986Bernard Limhttps://www.taisinelectric.com

Tai Sin Electric Limited, together with its subsidiaries, designs, develops, manufactures, and trades in cable and wire products. The company’s Cable & Wire segment provides power, control, instrumentation, and fire resistant and flame retardant cables for use in various areas of electrical and instrumentation installation for commercial, residential, industrial, and infrastructure projects. Its Electrical Material Distribution segment provides industrial control systems and components, sensing products, measurement and monitoring systems, and power quality systems; and safety, cabling, and electrical accessories, as well as lighting and energy monitoring solutions to a range of industries, which includes industrial automation, maintenance, repair, and operations.

Tai Sin Electric Fundamentals Summary

How do Tai Sin Electric's earnings and revenue compare to its market cap?
500 fundamental statistics
Market CapS$184.10m
Earnings (TTM)S$17.28m
Revenue (TTM)S$298.44m

10.7x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
500 income statement (TTM)
RevenueS$298.44m
Cost of RevenueS$257.07m
Gross ProfitS$41.37m
ExpensesS$24.09m
EarningsS$17.28m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.038
Gross Margin13.86%
Net Profit Margin5.79%
Debt/Equity Ratio9.5%

How did 500 perform over the long term?

See historical performance and comparison

Dividends

7.5%

Current Dividend Yield

60%

Payout Ratio

Does 500 pay a reliable dividends?

See 500 dividend history and benchmarks
When do you need to buy 500 by to receive an upcoming dividend?
Tai Sin Electric dividend dates
Ex Dividend DateNov 05 2021
Dividend Pay DateNov 15 2021
Days until Ex dividend19 days
Days until Dividend pay date29 days

Does 500 pay a reliable dividends?

See 500 dividend history and benchmarks

Valuation

Is Tai Sin Electric undervalued compared to its fair value and its price relative to the market?

10.66x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 500 (SGD0.4) is trading above our estimate of fair value (SGD0.39)

Significantly Below Fair Value: 500 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 500's PE Ratio (10.7x) is in line with the SG Electrical industry average.

PE vs Market: 500 is good value based on its PE Ratio (10.7x) compared to the SG market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 500's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 500's PB Ratio (1x) is in line with the SG Electrical industry average.


Future Growth

How is Tai Sin Electric forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.9%

Forecasted Capital Goods 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 Tai Sin Electric 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.


Past Performance

How has Tai Sin Electric performed over the past 5 years?

-8.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500 has a large one-off gain of SGD6.9M impacting its June 30 2021 financial results.

Growing Profit Margin: 500's current net profit margins (5.8%) are higher than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: 500's earnings have declined by 8.6% per year over the past 5 years.

Accelerating Growth: 500's earnings growth over the past year (78.1%) exceeds its 5-year average (-8.6% per year).

Earnings vs Industry: 500 earnings growth over the past year (78.1%) exceeded the Electrical industry 29.6%.


Return on Equity

High ROE: 500's Return on Equity (9.1%) is considered low.


Financial Health

How is Tai Sin Electric's financial position?


Financial Position Analysis

Short Term Liabilities: 500's short term assets (SGD215.1M) exceed its short term liabilities (SGD89.0M).

Long Term Liabilities: 500's short term assets (SGD215.1M) exceed its long term liabilities (SGD12.3M).


Debt to Equity History and Analysis

Debt Level: 500's debt to equity ratio (9.5%) is considered satisfactory.

Reducing Debt: 500's debt to equity ratio has reduced from 22.4% to 9.5% over the past 5 years.

Debt Coverage: 500's debt is well covered by operating cash flow (144.9%).

Interest Coverage: 500's interest payments on its debt are well covered by EBIT (19.5x coverage).


Balance Sheet


Dividend

What is Tai Sin Electric current dividend yield, its reliability and sustainability?

7.50%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 17 2021Ex Dividend DateNov 05 2021Dividend Pay DateNov 15 202110 days from Ex DividendBuy in the next 19 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 500's dividend (7.5%) is higher than the bottom 25% of dividend payers in the SG market (1.93%).

High Dividend: 500's dividend (7.5%) is in the top 25% of dividend payers in the SG market (5.25%)


Stability and Growth of Payments

Stable Dividend: 500's dividend payments have been volatile in the past 10 years.

Growing Dividend: 500's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60%), 500's dividend payments are 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?

8.3yrs

Average management tenure


CEO

Bernard Lim (51 yo)

8.25yrs

Tenure

S$609,000

Compensation

Mr. Boon Hock Lim, also known as Bernard, has been the Chief Executive Officer of Tai Sin Electric Limited since July 1, 2013. Mr. Lim served as the Chief Operating Officer of Tai Sin Electric Cables Manuf...


CEO Compensation Analysis

Compensation vs Market: Bernard's total compensation ($USD451.79K) is about average for companies of similar size in the SG market ($USD400.25K).

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


Leadership Team

Experienced Management: 500's management team is seasoned and experienced (8.3 years average tenure).


Board Members

Experienced Board: 500's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 500 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Tai Sin Electric Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Tai Sin Electric Limited
  • Ticker: 500
  • Exchange: SGX
  • Founded: 1980
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: S$184.105m
  • Shares outstanding: 460.26m
  • Website: https://www.taisinelectric.com

Number of Employees


Location

  • Tai Sin Electric Limited
  • 24 Gul Crescent
  • Jurong Town
  • Singapore
  • 629531
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 11:01
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.