BRC Asia
Market Cap
S$408.3m
Last Updated
2020/02/16 12:41 UTC
Data Sources
Company Financials +
Executive Summary
BRC Asia Limited, together with its subsidiaries, engages in the prefabrication of steel reinforcement for use in concrete in Singapore and Malaysia.
Rewards
Risk Analysis
Snowflake Analysis
Proven track record with adequate balance sheet and pays a dividend.
Share Price & News
How has BRC Asia's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BEC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.6%
BEC
-0.4%
SG Building
1.0%
SG Market
1 Year Return
31.6%
BEC
15.9%
SG Building
-1.8%
SG Market
Return vs Industry: BEC exceeded the SG Building industry which returned 15.9% over the past year.
Return vs Market: BEC exceeded the SG Market which returned -1.8% over the past year.
Shareholder returns
| BEC | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | -0.4% | 1.0% |
| 30 Day | 2.9% | 5.1% | -2.7% |
| 90 Day | 15.1% | 30.0% | -0.9% |
| 1 Year | 32.6%31.6% | 17.1%15.9% | 2.2%-1.8% |
| 3 Year | 179.9%177.8% | 23.6%16.1% | 9.3%-2.2% |
| 5 Year | 127.3%103.5% | 19.4%1.0% | 9.2%-9.2% |
Price Volatility Vs. Market
How volatile is BRC Asia's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Does BRC Asia Limited's (SGX:BEC) P/E Ratio Signal A Buying Opportunity?1 month ago | Simply Wall St
Should You Be Impressed By BRC Asia Limited's (SGX:BEC) ROE?1 month ago | Simply Wall St
Is BRC Asia's (SGX:BEC) Share Price Gain Of 190% Well Earned?Valuation
Is BRC Asia undervalued compared to its fair value and its price relative to the market?
12.94x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BEC (SGD1.75) is trading above our estimate of fair value (SGD1.16)
Significantly Below Fair Value: BEC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BEC is good value based on its PE Ratio (12.9x) compared to the Building industry average (13.7x).
PE vs Market: BEC is good value based on its PE Ratio (12.9x) compared to the SG market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: BEC is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: BEC is overvalued based on its PB Ratio (1.6x) compared to the SG Building industry average (0.6x).
Next Steps
Future Growth
How is BRC Asia forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
7.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BEC's forecast earnings growth (7.4% per year) is above the savings rate (1.8%).
Earnings vs Market: BEC's earnings (7.4% per year) are forecast to grow faster than the SG market (5.8% per year).
High Growth Earnings: BEC's earnings are forecast to grow, but not significantly.
Revenue vs Market: BEC's revenue (5.1% per year) is forecast to grow slower than the SG market (5.2% per year).
High Growth Revenue: BEC's revenue (5.1% 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 (13.1%).
Next Steps
Past Performance
How has BRC Asia performed over the past 5 years?
-1.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BEC has high quality earnings.
Growing Profit Margin: BEC's current net profit margins (3.5%) are higher than last year (2.1%).
Past Earnings Growth Analysis
Earnings Trend: BEC's earnings have declined by -1.9% per year over the past 5 years.
Accelerating Growth: BEC's earnings growth over the past year (162.1%) exceeds its 5-year average (-1.9% per year).
Earnings vs Industry: BEC earnings growth over the past year (162.1%) exceeded the Building industry 6.5%.
Return on Equity
High ROE: BEC's Return on Equity (12%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is BRC Asia's financial position?
Financial Position Analysis
Short Term Liabilities: BEC's short term assets (SGD531.8M) exceed its short term liabilities (SGD357.9M).
Long Term Liabilities: BEC's short term assets (SGD531.8M) exceed its long term liabilities (SGD73.8M).
Debt to Equity History and Analysis
Debt Level: BEC's debt to equity ratio (124.6%) is considered high.
Reducing Debt: BEC's debt to equity ratio has increased from 35.2% to 124.6% over the past 5 years.
Debt Coverage: BEC's debt is well covered by operating cash flow (24.2%).
Interest Coverage: BEC's interest payments on its debt are well covered by EBIT (5.6x coverage).
Balance Sheet
Inventory Level: BEC has a high level of physical assets or inventory.
Debt Coverage by Assets: BEC's debt is covered by short term assets (assets are 1.6x debt).
Next Steps
Dividend
What is BRC Asia's current dividend yield, its reliability and sustainability?
2.86%
Current Dividend Yield
Upcoming Dividend Payment
Purchase BRC Asia before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BEC's dividend (2.86%) is higher than the bottom 25% of dividend payers in the SG market (2.56%).
High Dividend: BEC's dividend (2.86%) is low compared to the top 25% of dividend payers in the SG market (5.71%).
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 (37%), 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 (43.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.4yrs
Average management tenure
CEO
Kiin Seah 0
1.4yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO & Company Secretary | 10.6yrs | no data | 0.00043% SGD1.8k | |
| CEO & Executive Director | 1.4yrs | no data | no data | |
| COO & Executive Director | 2.2yrs | no data | no data | |
| Manager of Corporate Communications | 9.3yrs | no data | no data | |
| Group Managing Director | 0yrs | no data | no data | |
| Deputy Chief Operating Officer | 1.4yrs | no data | no data | |
| Chief Commercial Officer | 1.4yrs | no data | no data | |
| Chief Procurement Officer & Executive Director | 2.3yrs | no data | no data | |
| Executive Director | 1yrs | no data | no data | |
| Company Secretary | 7yrs | no data | no data |
1.4yrs
Average Tenure
46yo
Average Age
Experienced Management: BEC's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 1.4yrs | no data | no data | |
| COO & Executive Director | 2.2yrs | no data | no data | |
| Chief Procurement Officer & Executive Director | 2.3yrs | no data | no data | |
| Executive Director | 1yrs | no data | no data | |
| Independent Director | 2yrs | no data | no data | |
| Non-Executive Independent Chairman | 2.3yrs | no data | no data | |
| Independent Director | 1.8yrs | no data | no data | |
| Independent Director | 1.5yrs | no data | no data |
2.1yrs
Average Tenure
47yo
Average Age
Experienced Board: BEC's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
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 7.9%.
Top Shareholders
Company Information
BRC Asia Limited's company bio, 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$408.336m
- Shares outstanding: 233.34m
- Website: https://www.brc.com.sg
Number of Employees
Location
- BRC Asia Limited
- 350 Jalan Boon Lay
- Jurong Industrial Estate
- Singapore
- 619530
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BEC | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Jul 2000 |
Biography
BRC Asia Limited, together with its subsidiaries, engages in the prefabrication of steel reinforcement for use in concrete in Singapore and Malaysia. It operates through Fabrication and Manufacturing, and Others segments. The company offers reinforcement bars; wires or mild steel round bars for construction and industrial applications; welded wire mesh products; cages; and weldfences, as well as prefabrication, and rebar cut and bend services. It is also involved in the trade of steel reinforcing bars; manufacture and sale of wire mesh fences; trading and distribution of steel products; and operation and management of airports, hotels, and resorts, as well as property development business. The company was incorporated in 1938 and is based in Singapore. BRC Asia Limited is a subsidiary of Esteel Enterprise Pte. Ltd.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 12:41 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/09/30 |
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.