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A04

ASL Marine HoldingsSGX:A04 Stock Report

Market Cap

S$39.1m

7D

0%

1Y

82.4%

Updated

27 Nov, 2021

Data

Company Financials
A04 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

A04 Stock Overview

ASL Marine Holdings Ltd., an investment holding company, provides marine services in the Asia Pacific, South Asia, Europe, Australia, and the Middle East.

Price History & Performance

Summary of all time highs, changes and price drops for ASL Marine Holdings
Historical stock prices
Current Share PriceS$0.062
52 Week HighS$0.094
52 Week LowS$0.023
Beta1.28
1 Month Change-1.59%
3 Month Change1.64%
1 Year Change82.35%
3 Year Change-3.13%
5 Year Change-53.03%
Change since IPO-58.67%

Recent News & Updates

Sep 13
Does ASL Marine Holdings (SGX:A04) Have A Healthy Balance Sheet?

Does ASL Marine Holdings (SGX:A04) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

May 27
Is ASL Marine Holdings (SGX:A04) Using Debt Sensibly?

Is ASL Marine Holdings (SGX:A04) Using Debt Sensibly?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Shareholder Returns

A04SG MachinerySG Market
7D0%-0.2%-1.9%
1Y82.4%-1.7%8.8%

Return vs Industry: A04 exceeded the SG Machinery industry which returned -1.7% over the past year.

Return vs Market: A04 exceeded the SG Market which returned 8.8% over the past year.

Price Volatility

Is A04's price volatile compared to industry and market?
A04 volatility
A04 Average Weekly Movement10.9%
Machinery Industry Average Movement5.3%
Market Average Movement4.9%
10% most volatile stocks in SG Market14.4%
10% least volatile stocks in SG Market2.1%

Stable Share Price: A04 is more volatile than 75% of SG stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: A04's weekly volatility has decreased from 26% to 11% over the past year, but is still higher than 75% of SG stocks.

About the Company

FoundedEmployeesCEOWebsite
1974n/aKok Tian Anghttps://www.aslmarine.com

ASL Marine Holdings Ltd., an investment holding company, provides marine services in the Asia Pacific, South Asia, Europe, Australia, and the Middle East. The company operates through Shipbuilding; Shiprepair, Conversion, and Engineering; and Shipchartering segments. It constructs vessels, such as offshore support vessels, dredgers, tugs, barges, and tankers; and provides ship repair and conversion services, including retrofitting and conversion, steel renewal, blasting and painting, electrical and electronic works, and mechanical works for the repair and life extension of various types of vessels.

ASL Marine Holdings Fundamentals Summary

How do ASL Marine Holdings's earnings and revenue compare to its market cap?
A04 fundamental statistics
Market CapS$39.10m
Earnings (TTM)-S$30.56m
Revenue (TTM)S$207.76m

0.2x

P/S Ratio

-1.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
A04 income statement (TTM)
RevenueS$207.76m
Cost of RevenueS$210.64m
Gross Profit-S$2.88m
ExpensesS$27.68m
Earnings-S$30.56m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.048
Gross Margin-1.38%
Net Profit Margin-14.71%
Debt/Equity Ratio367.6%

How did A04 perform over the long term?

See historical performance and comparison

Valuation

Is ASL Marine Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: A04 (SGD0.06) is trading below our estimate of fair value (SGD0.65)

Significantly Below Fair Value: A04 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: A04 is unprofitable, so we can't compare its PE Ratio to the SG Machinery industry average.

PE vs Market: A04 is unprofitable, so we can't compare its PE Ratio to the SG market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate A04's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: A04 is good value based on its PB Ratio (0.4x) compared to the SG Machinery industry average (0.8x).


Future Growth

How is ASL Marine Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

33.0%

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 ASL Marine Holdings 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 ASL Marine Holdings performed over the past 5 years?

-3.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: A04 is currently unprofitable.

Growing Profit Margin: A04 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: A04 is unprofitable, and losses have increased over the past 5 years at a rate of 3.7% per year.

Accelerating Growth: Unable to compare A04's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: A04 is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (41.6%).


Return on Equity

High ROE: A04 has a negative Return on Equity (-36.3%), as it is currently unprofitable.


Financial Health

How is ASL Marine Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: A04's short term assets (SGD188.9M) do not cover its short term liabilities (SGD200.3M).

Long Term Liabilities: A04's short term assets (SGD188.9M) do not cover its long term liabilities (SGD312.1M).


Debt to Equity History and Analysis

Debt Level: A04's net debt to equity ratio (340.1%) is considered high.

Reducing Debt: A04's debt to equity ratio has increased from 130.4% to 367.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable A04 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: A04 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 27.8% per year.


Dividend

What is ASL Marine Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate A04's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate A04'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 A04's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if A04's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: A04 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of A04's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

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

18.8yrs

Average management tenure


CEO

Kok Tian Ang (60 yo)

18.83yrs

Tenure

S$289,000

Compensation

Mr. Kok Tian Ang has been the Chairman of the Board ASL Marine Holdings Ltd. since January 2003 and has been its Managing Director since January 2003. Mr. Ang serves as Chief Executive Officer at Asl Marin...


CEO Compensation Analysis

Compensation vs Market: Kok Tian's total compensation ($USD210.66K) is below average for companies of similar size in the SG market ($USD390.89K).

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


Leadership Team

Experienced Management: A04's management team is seasoned and experienced (18.8 years average tenure).


Board Members

Experienced Board: A04's board of directors are seasoned and experienced ( 18.8 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

ASL Marine Holdings Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: ASL Marine Holdings Ltd.
  • Ticker: A04
  • Exchange: SGX
  • Founded: 1974
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: S$39.099m
  • Shares outstanding: 630.63m
  • Website: https://www.aslmarine.com

Location

  • ASL Marine Holdings Ltd.
  • 19 Pandan Road
  • Singapore
  • 609271
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 11:01
End of Day Share Price2021/11/25 00:00
Earnings2021/09/30
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.