| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 1/6 |
| Financial Health | 3/6 |
| Dividends | 5/6 |
BEC Overview
BRC Asia Limited, together with its subsidiaries, engages in the prefabrication of steel reinforcement for use in concrete in Singapore, China, Hong Kong, Malaysia, Thailand, and internationally.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | S$1.42 |
| 52 Week High | S$1.17 |
| 52 Week Low | S$1.67 |
| Beta | 0.94 |
| 1 Month Change | -3.40% |
| 3 Month Change | -5.96% |
| 1 Year Change | 14.52% |
| 3 Year Change | 6.77% |
| 5 Year Change | 173.08% |
| Change since IPO | 29.09% |
Recent News & Updates
These 4 Measures Indicate That BRC Asia (SGX:BEC) Is Using Debt Reasonably Well
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
BRC Asia Limited's (SGX:BEC) Intrinsic Value Is Potentially 65% Above Its Share Price
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of BRC Asia Limited...
Three Things You Should Check Before Buying BRC Asia Limited (SGX:BEC) For Its Dividend
Dividend paying stocks like BRC Asia Limited ( SGX:BEC ) tend to be popular with investors, and for good reason - some...
Shareholder Returns
| BEC | SG Building | SG Market | |
|---|---|---|---|
| 7D | -0.7% | -0.8% | 1.2% |
| 1Y | 14.5% | 24.8% | 22.7% |
Return vs Industry: BEC underperformed the SG Building industry which returned 24.8% over the past year.
Return vs Market: BEC underperformed the SG Market which returned 22.7% over the past year.
Price Volatility
| BEC volatility | |
|---|---|
| BEC Beta | 0.94 |
| Industry Beta | 0.86 |
| Market Beta | 1 |
Stable Share Price: BEC is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: BEC's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1938 | 1,000 | Kiin Peng Seah | https://www.brc.com.sg |
BRC Asia Limited, together with its subsidiaries, engages in the prefabrication of steel reinforcement for use in concrete in Singapore, China, Hong Kong, Malaysia, Thailand, and internationally. It operates through Fabrication and Manufacturing, and Others segments. The company is involved in the trade of steel reinforcing bars; manufacture and sale of wire mesh fences; trading and distribution of steel products; and provision of weldfences and cages, as well as prefabrication, rebar, and cut and bend services.
BRC Asia Fundamentals Summary
| BEC fundamental statistics | |
|---|---|
| Market Cap | S$389.58m |
| Earnings (TTM) | S$29.54m |
| Revenue (TTM) | S$950.17m |
13.2x
P/E Ratio0.4x
P/S RatioIs BEC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BEC income statement (TTM) | |
|---|---|
| Revenue | S$950.17m |
| Cost of Revenue | S$877.70m |
| Gross Profit | S$72.47m |
| Expenses | S$42.93m |
| Earnings | S$29.54m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.11 |
| Gross Margin | 7.63% |
| Net Profit Margin | 3.11% |
| Debt/Equity Ratio | 123.6% |
How did BEC perform over the long term?
See historical performance and comparisonDividends
5.6%
Current Dividend Yield48%
Payout RatioValuation
Is BRC Asia 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: BEC (SGD1.42) is trading below our estimate of fair value (SGD16.82)
Significantly Below Fair Value: BEC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BEC is good value based on its PE Ratio (13.2x) compared to the Asian Building industry average (14.8x).
PE vs Market: BEC is good value based on its PE Ratio (13.2x) compared to the SG market (13.6x).
Price to Earnings Growth Ratio
PEG Ratio: BEC is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: BEC is overvalued based on its PB Ratio (1.3x) compared to the SG Building industry average (0.6x).
Future Growth
How is BRC Asia forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
20.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BEC's forecast earnings growth (20.1% per year) is above the savings rate (1.8%).
Earnings vs Market: BEC's earnings (20.1% per year) are forecast to grow faster than the SG market (15.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BEC's revenue (7.1% per year) is forecast to grow slower than the SG market (7.2% per year).
High Growth Revenue: BEC's revenue (7.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BEC's Return on Equity is forecast to be low in 3 years time (14.5%).
Past Performance
How has BRC Asia performed over the past 5 years?
33.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BEC has a high level of non-cash earnings.
Growing Profit Margin: BEC's current net profit margins (3.1%) are lower than last year (4.3%).
Past Earnings Growth Analysis
Earnings Trend: BEC's earnings have grown significantly by 33.4% per year over the past 5 years.
Accelerating Growth: BEC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BEC had negative earnings growth (-4.9%) over the past year, making it difficult to compare to the Building industry average (32.5%).
Return on Equity
High ROE: BEC's Return on Equity (10.1%) is considered low.
Financial Health
How is BRC Asia's financial position?
Financial Position Analysis
Short Term Liabilities: BEC's short term assets (SGD668.1M) exceed its short term liabilities (SGD445.5M).
Long Term Liabilities: BEC's short term assets (SGD668.1M) exceed its long term liabilities (SGD94.8M).
Debt to Equity History and Analysis
Debt Level: BEC's debt to equity ratio (123.6%) is considered high.
Reducing Debt: BEC's debt to equity ratio has increased from 26.6% to 123.6% over the past 5 years.
Debt Coverage: BEC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BEC's interest payments on its debt are well covered by EBIT (12.5x coverage).
Balance Sheet
Dividend
What is BRC Asia current dividend yield, its reliability and sustainability?
5.63%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BEC's dividend (5.63%) is higher than the bottom 25% of dividend payers in the SG market (1.96%).
High Dividend: BEC's dividend (5.63%) is in the top 25% of dividend payers in the SG market (5.27%)
Stability and Growth of Payments
Stable Dividend: BEC's dividend payments have been volatile in the past 10 years.
Growing Dividend: BEC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.3%), BEC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BEC's dividends in 3 years are forecast to be well covered by earnings (40% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average management tenure
CEO
Kiin Peng Seah
3.08yrs
Tenure
Mr. Kiin Peng Seah has been Chief Executive Officer at BRC Asia Limited since September 26, 2018 and its Executive Director since March 1, 2010. He is responsible for assisting its Managing Director in str...
Leadership Team
Experienced Management: BEC's management team is considered experienced (3.1 years average tenure).
Board Members
Experienced Board: BEC's board of directors are considered experienced (3.8 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 been diluted in the past year, with total shares outstanding growing by 17.6%.
Top Shareholders
Company Information
BRC Asia Limited's employee growth, exchange listings and data sources
Key Information
- Name: BRC Asia Limited
- Ticker: BEC
- Exchange: SGX
- Founded: 1938
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: S$389.577m
- Shares outstanding: 274.35m
- Website: https://www.brc.com.sg
Number of Employees
Location
- BRC Asia Limited
- 350 Jalan Boon Lay
- Jurong Industrial Estate
- Singapore
- 619530
- Singapore
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/21 18:07 |
| End of Day Share Price | 2021/10/21 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/09/30 |
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.