Spindex Industries Limited, together with its subsidiaries, engages in the manufacture, import, export, and trade of mechanical, electrical, electronic, and precision machine parts, as well as other engineering materials.
Excellent balance sheet and good value.
Share Price & News
How has Spindex Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 564's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 564 exceeded the SG Machinery industry which returned -31.3% over the past year.
Return vs Market: 564 exceeded the SG Market which returned -19.9% over the past year.
Price Volatility Vs. Market
How volatile is Spindex Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 months ago | Simply Wall StIs Spindex Industries Limited (SGX:564) A High Quality Stock To Own?
5 months ago | Simply Wall StDoes Spindex Industries Limited's (SGX:564) P/E Ratio Signal A Buying Opportunity?
5 months ago | Simply Wall StWhy We Like Spindex Industries Limited’s (SGX:564) 13% Return On Capital Employed
Is Spindex Industries undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 564 (SGD0.8) is trading below our estimate of fair value (SGD3.81)
Significantly Below Fair Value: 564 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 564 is good value based on its PE Ratio (6.4x) compared to the Machinery industry average (9.2x).
PE vs Market: 564 is good value based on its PE Ratio (6.4x) compared to the SG market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 564's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 564 is overvalued based on its PB Ratio (0.8x) compared to the SG Machinery industry average (0.5x).
How is Spindex Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Spindex Industries 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 Spindex Industries 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.
- Spindex Industries competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
How has Spindex Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 564 has high quality earnings.
Growing Profit Margin: 564's current net profit margins (9.1%) are lower than last year (10.7%).
Past Earnings Growth Analysis
Earnings Trend: 564's earnings have grown by 6.8% per year over the past 5 years.
Accelerating Growth: 564's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 564 had negative earnings growth (-14.1%) over the past year, making it difficult to compare to the Machinery industry average (10.6%).
Return on Equity
High ROE: 564's Return on Equity (11.9%) is considered low.
How is Spindex Industries's financial position?
Financial Position Analysis
Short Term Liabilities: 564's short term assets (SGD99.5M) exceed its short term liabilities (SGD40.3M).
Long Term Liabilities: 564's short term assets (SGD99.5M) exceed its long term liabilities (SGD5.0M).
Debt to Equity History and Analysis
Debt Level: 564's debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: 564's debt to equity ratio has increased from 0.4% to 0.4% over the past 5 years.
Debt Coverage: 564's debt is well covered by operating cash flow (4600.8%).
Interest Coverage: 564 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Spindex Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 564's dividend (4.13%) is higher than the bottom 25% of dividend payers in the SG market (2.7%).
High Dividend: 564's dividend (4.13%) is low compared to the top 25% of dividend payers in the SG market (6.52%).
Stability and Growth of Payments
Stable Dividend: 564's dividend payments have been volatile in the past 10 years.
Growing Dividend: 564's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.5%), 564'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 board tenure
Nicholas Tan (39yo)
Mr. Heok Ting Tan, also known as Nicholas, has been the Managing Director at Spindex Industries Ltd. since July 1, 2013. Mr. Tan served as the Group Marketing Manager of Spindex Industries Ltd. since 2008 ...
CEO Compensation Analysis
Compensation vs Market: Nicholas's total compensation ($USD0.00) is below average for companies of similar size in the SG market ($USD361.98K).
Compensation vs Earnings: Insufficient data to compare Nicholas's compensation with company performance.
|Executive Chairman||30.92yrs||S$749.00k||no data|
|MD & Executive Director||6.92yrs||S$693.00k||no data|
|Lead Independent Director||0.67yr||S$52.00k||no data|
|Non-Executive Director||15.42yrs||S$124.00k||no data|
|Independent Director||2.75yrs||no data||no data|
Experienced Board: 564's board of directors are seasoned and experienced ( 10.1 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.
Spindex Industries Limited's company bio, employee growth, exchange listings and data sources
- Name: Spindex Industries Limited
- Ticker: 564
- Exchange: SGX
- Founded: 1981
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: S$92.292m
- Shares outstanding: 115.37m
- Website: https://www.spindex.com.sg
- Spindex Industries Limited
- No. 03-16, 8@TradeHub 21
- 8 Boon Lay Way
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|564||SGX (Singapore Exchange)||Yes||Ordinary Shares||SG||SGD||Nov 1998|
Spindex Industries Limited, together with its subsidiaries, engages in the manufacture, import, export, and trade of mechanical, electrical, electronic, and precision machine parts, as well as other engineering materials. It provides printer shaft products, such as inkjet printer, laser printer, digital scanner, and 3D and craft printer shafts; steering shaft systems, throttle shafts, powertrain and transmission OCVs, and sensor systems for automotive applications; and industrial and power tools for a range of products, such as industrial outdoor transmission products, industrial impact hammers, industrial drills, and industrial angle grinders. The company also offers agitator shafts, input shafts, spin tubes, steam shafts, motor shafts, and eccentric pins; and components for washing machines. It has operations in the People’s Republic of China, Singapore and other ASEAN countries, the United States, Europe, and internationally. The company was founded in 1981 and is headquartered in Singapore. Spindex Industries Limited is a subsidiary of Uob Kay Hian Private Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/01 12:43|
|End of Day Share Price||2020/06/01 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.