BRC Asia
Market Cap
S$366.3m
Last Updated
2021/01/24 11:12 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, China, Hong Kong, Malaysia, Thailand, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Good value 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 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: BEC's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
1.3%
BEC
0.8%
SG Building
-0.01%
SG Market
1 Year Return
-7.1%
BEC
34.3%
SG Building
-9.7%
SG Market
Return vs Industry: BEC underperformed the SG Building industry which returned 34.3% over the past year.
Return vs Market: BEC exceeded the SG Market which returned -9.7% over the past year.
Shareholder returns
| BEC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | 0.8% | -0.01% |
| 30 Day | 6.8% | 7.4% | 6.1% |
| 90 Day | 26.6% | 15.6% | 17.3% |
| 1 Year | -1.2%-7.1% | 36.9%34.3% | -4.9%-9.7% |
| 3 Year | 21.0%13.0% | 30.0%21.8% | -10.6%-21.5% |
| 5 Year | 190.1%151.2% | 82.0%57.1% | 24.8%1.8% |
Long-Term 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
1 week ago | Simply Wall St
Why BRC Asia Limited (SGX:BEC) Could Be Worth Watching3 weeks ago | Simply Wall St
Should You Use BRC Asia's (SGX:BEC) Statutory Earnings To Analyse It?1 month ago | Simply Wall St
BRC Asia Limited's (SGX:BEC) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?Valuation
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 (SGD1.57) is trading below our estimate of fair value (SGD3.43)
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 (18x) compared to the XA Building industry average (18.5x).
PE vs Market: BEC is poor value based on its PE Ratio (18x) compared to the SG market (15.6x).
Price to Earnings Growth Ratio
PEG Ratio: BEC is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: BEC is overvalued based on its PB Ratio (1.4x) compared to the SG Building industry average (0.7x).
Next Steps
Future Growth
How is BRC Asia forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
21.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BEC's forecast earnings growth (21.5% per year) is above the savings rate (2%).
Earnings vs Market: BEC's earnings (21.5% per year) are forecast to grow slower than the SG market (24.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BEC's revenue (11.8% per year) is forecast to grow faster than the SG market (8% per year).
High Growth Revenue: BEC's revenue (11.8% 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 (13.5%).
Next Steps
Past Performance
How has BRC Asia performed over the past 5 years?
36.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BEC has a large one-off gain of SGD6.2M impacting its September 30 2020 financial results.
Growing Profit Margin: BEC's current net profit margins (3.3%) are lower than last year (3.5%).
Past Earnings Growth Analysis
Earnings Trend: BEC's earnings have grown significantly by 36.5% 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 (-35.7%) over the past year, making it difficult to compare to the Building industry average (-3.8%).
Return on Equity
High ROE: BEC's Return on Equity (7.7%) is considered low.
Next Steps
Financial Health
How is BRC Asia's financial position?
Financial Position Analysis
Short Term Liabilities: BEC's short term assets (SGD446.1M) exceed its short term liabilities (SGD243.2M).
Long Term Liabilities: BEC's short term assets (SGD446.1M) exceed its long term liabilities (SGD112.2M).
Debt to Equity History and Analysis
Debt Level: BEC's debt to equity ratio (93.8%) is considered high.
Reducing Debt: BEC's debt to equity ratio has increased from 19% to 93.8% over the past 5 years.
Debt Coverage: BEC's debt is well covered by operating cash flow (49.2%).
Interest Coverage: BEC's interest payments on its debt are well covered by EBIT (7x coverage).
Balance Sheet
Next Steps
Dividend
What is BRC Asia current dividend yield, its reliability and sustainability?
3.82%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BEC's dividend (3.82%) is higher than the bottom 25% of dividend payers in the SG market (2.12%).
High Dividend: BEC's dividend (3.82%) is low compared to the top 25% of dividend payers in the SG market (4.97%).
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 low payout ratio (22.9%), 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 (41.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Kiin Peng Seah
2.33yrs
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 | 11.5yrs | no data | no data | |
| CEO & Executive Director | 2.33yrs | no data | no data | |
| COO & Executive Director | 3.08yrs | no data | no data | |
| Manager of Corporate Communications | 10.25yrs | no data | no data | |
| Group Managing Director | no data | no data | no data | |
| Deputy Chief Operating Officer | 2.33yrs | no data | no data | |
| Chief Commercial Officer | 2.33yrs | no data | no data | |
| Chief Procurement Officer & Executive Director | 3.17yrs | no data | no data | |
| Executive Director | 1.92yrs | no data | no data | |
| Company Secretary | 7.92yrs | no data | no data | |
| Senior Manager of Marketing | no data | no data | no data | |
| Information Technology Manager | no data | no data | no data |
2.3yrs
Average Tenure
47yo
Average Age
Experienced Management: BEC's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.33yrs | no data | no data | |
| COO & Executive Director | 3.08yrs | no data | no data | |
| Chief Procurement Officer & Executive Director | 3.17yrs | no data | no data | |
| Executive Director | 1.92yrs | no data | no data | |
| Independent Director | 2.92yrs | no data | no data | |
| Non-Executive Independent Chairman | 3.17yrs | no data | no data | |
| Independent Director | 2.75yrs | no data | no data | |
| Independent Director | 2.42yrs | no data | no data |
3.0yrs
Average Tenure
48yo
Average Age
Experienced Board: BEC's board of directors are considered experienced (3 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
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$366.336m
- 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, China, Hong Kong, Malaysia, Thailand, and internationally. It operat...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 11:12 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| 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.