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Chip Eng Seng

SGX:C29
Snowflake Description

Established dividend payer with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
C29
SGX
SGD525M
Market Cap
  1. Home
  2. SG
  3. Capital Goods
Company description

Chip Eng Seng Corporation Ltd, an investment holding company, engages in the construction, property development and investment, and hospitality businesses primarily in Singapore, Australia, Malaysia, and Maldives. The last earnings update was 82 days ago. More info.


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C29 Share Price and Events
Price Volatility
C29
Industry
5yr Volatility vs Market

C29 Value

 Is Chip Eng Seng undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Chip Eng Seng. This is due to cash flow or dividend data being unavailable. The share price is SGD0.86.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Chip Eng Seng's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chip Eng Seng's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:C29 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings () in SGD SGD0.05
SGX:C29 Share Price ** SGX (2018-06-20) in SGD SGD0.86
Singapore Construction Industry PE Ratio Median Figure of 25 Publicly-Listed Construction Companies 12.36x
Singapore Market PE Ratio Median Figure of 347 Publicly-Listed Companies 13.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Chip Eng Seng.

SGX:C29 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:C29 Share Price ÷ EPS (both in SGD)

= 0.86 ÷ 0.05

16.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chip Eng Seng is overvalued based on earnings compared to the SG Construction industry average.
  • Chip Eng Seng is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does Chip Eng Seng's expected growth come at a high price?
Raw Data
SGX:C29 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
25.8%per year
Singapore Construction Industry PEG Ratio Median Figure of 6 Publicly-Listed Construction Companies 0.18x
Singapore Market PEG Ratio Median Figure of 147 Publicly-Listed Companies 0.95x

*Line of best fit is calculated by linear regression .

SGX:C29 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.23x ÷ 25.8%

0.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chip Eng Seng is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Chip Eng Seng's assets?
Raw Data
SGX:C29 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings () in SGD SGD1.28
SGX:C29 Share Price * SGX (2018-06-20) in SGD SGD0.86
Singapore Construction Industry PB Ratio Median Figure of 36 Publicly-Listed Construction Companies 0.66x
Singapore Market PB Ratio Median Figure of 466 Publicly-Listed Companies 0.77x
SGX:C29 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:C29 Share Price ÷ Book Value per Share (both in SGD)

= 0.86 ÷ 1.28

0.67x

* Primary Listing of Chip Eng Seng.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chip Eng Seng is overvalued based on assets compared to the SG Construction industry average.
X
Value checks
We assess Chip Eng Seng's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Chip Eng Seng has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

C29 Future Performance

 How is Chip Eng Seng expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chip Eng Seng expected to grow at an attractive rate?
  • Chip Eng Seng's earnings growth is expected to exceed the low risk savings rate of 2.6%.
Growth vs Market Checks
  • Chip Eng Seng's earnings growth is expected to exceed the Singapore market average.
  • Chip Eng Seng's revenue growth is expected to exceed the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:C29 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:C29 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 25.8%
SGX:C29 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 8.2%
Singapore Construction Industry Earnings Growth Rate Market Cap Weighted Average 7.2%
Singapore Construction Industry Revenue Growth Rate Market Cap Weighted Average 18.8%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.8%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 6.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:C29 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:C29 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 991 114 67 1
2019-12-31 986 238 59 3
2018-12-31 812 117 43 3
SGX:C29 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-03-31 897 -552 33
2017-12-31 860 -492 36
2017-09-30 839 79 38
2017-06-30 781 213 30
2017-03-31 803 -145 44
2016-12-31 748 -257 36
2016-09-30 652 -191 31
2016-06-30 658 -24 38
2016-03-31 621 177 46
2015-12-31 676 300 63
2015-09-30 891 -20 221
2015-06-30 1,148 -208 280

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Chip Eng Seng's earnings are expected to grow significantly at over 20% yearly.
  • Chip Eng Seng's revenue is expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:C29 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Chip Eng Seng Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:C29 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.11 0.11 0.11 1.00
2019-12-31 0.09 0.09 0.09 2.00
2018-12-31 0.05 0.05 0.05 1.00
SGX:C29 Past Financials Data
Date (Data in SGD Millions) EPS *
2018-03-31 0.05
2017-12-31 0.06
2017-09-30 0.06
2017-06-30 0.05
2017-03-31 0.07
2016-12-31 0.06
2016-09-30 0.05
2016-06-30 0.06
2016-03-31 0.07
2015-12-31 0.10
2015-09-30 0.35
2015-06-30 0.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Chip Eng Seng is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Chip Eng Seng's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Chip Eng Seng has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

C29 Past Performance

  How has Chip Eng Seng performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Chip Eng Seng's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Chip Eng Seng's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Chip Eng Seng's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Chip Eng Seng's 1-year earnings growth is negative, it can't be compared to the SG Construction industry average.
Earnings and Revenue History
Chip Eng Seng's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Chip Eng Seng Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:C29 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 896.92 32.92 88.81
2017-12-31 859.72 35.51 83.59
2017-09-30 838.86 38.40 81.12
2017-06-30 781.47 30.06 73.91
2017-03-31 803.21 43.52 70.24
2016-12-31 748.00 35.69 67.27
2016-09-30 651.82 30.56 72.01
2016-06-30 658.44 38.42 88.24
2016-03-31 621.20 45.56 86.22
2015-12-31 676.45 62.99 81.37
2015-09-30 891.19 220.82 83.74
2015-06-30 1,148.48 280.16 71.61
2015-03-31 1,075.06 277.38 63.50
2014-12-31 1,105.74 280.73 62.53
2014-09-30 910.29 147.78 61.82
2014-06-30 584.45 102.11 58.73
2014-03-31 569.89 90.31 58.93
2013-12-31 502.47 73.37 63.85
2013-09-30 551.89 77.95 64.54
2013-06-30 724.73 80.97 68.23
2013-03-31 698.27 81.58 66.16
2012-12-31 617.13 81.27 58.53
2012-09-30 452.04 70.89 39.85
2012-06-30 261.66 65.48 34.98
2012-03-31 265.05 75.75 32.10
2011-12-31 359.98 123.70 31.59
2011-09-30 439.28 134.95 32.60
2011-06-30 482.18 209.79 31.95

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Chip Eng Seng has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Chip Eng Seng used its assets less efficiently than the SG Construction industry average last year based on Return on Assets.
  • Chip Eng Seng's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Chip Eng Seng's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Chip Eng Seng has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

C29 Health

 How is Chip Eng Seng's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Chip Eng Seng's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chip Eng Seng is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chip Eng Seng's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chip Eng Seng's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Chip Eng Seng Company Filings, last reported 2 months ago.

SGX:C29 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 834.04 1,563.86 256.24
2017-12-31 808.58 1,729.00 154.31
2017-09-30 785.98 1,376.22 508.31
2017-06-30 765.96 1,340.77 597.92
2017-03-31 786.42 1,327.62 514.72
2016-12-31 776.61 1,259.55 407.60
2016-09-30 753.03 1,171.46 461.98
2016-06-30 734.96 1,199.26 470.25
2016-03-31 745.93 823.27 371.37
2015-12-31 742.97 936.49 292.37
2015-09-30 728.99 963.58 470.21
2015-06-30 726.00 993.04 310.67
2015-03-31 749.88 877.48 292.62
2014-12-31 736.41 940.82 220.91
2014-09-30 572.63 583.26 183.91
2014-06-30 512.40 598.40 192.67
2014-03-31 522.56 742.98 191.75
2013-12-31 498.81 768.52 118.75
2013-09-30 466.93 792.52 226.05
2013-06-30 439.10 680.23 219.24
2013-03-31 468.20 484.75 260.89
2012-12-31 460.49 461.75 179.36
2012-09-30 429.17 502.05 191.09
2012-06-30 401.73 644.76 124.37
2012-03-31 421.36 602.00 140.67
2011-12-31 417.39 409.52 134.15
2011-09-30 388.21 435.20 149.94
2011-06-30 363.00 408.49 147.46
  • Chip Eng Seng's level of debt (187.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (104.1% vs 187.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 3.6x coverage).
X
Financial health checks
We assess Chip Eng Seng's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Chip Eng Seng has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

C29 Dividends

 What is Chip Eng Seng's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.65%
Current annual income from Chip Eng Seng dividends. Estimated to be 3.72% next year.
If you bought SGD2,000 of Chip Eng Seng shares you are expected to receive SGD93 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Chip Eng Seng's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.4%).
  • Chip Eng Seng's dividend is below the markets top 25% of dividend payers in Singapore (5.88%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:C29 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Singapore Construction Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 2.8%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 303 Stocks 4.1%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.3%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.4%
Singapore Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:C29 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.04 2.00
2018-12-31 0.04 2.00
SGX:C29 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2018-04-09 0.040 4.234
2018-02-13 0.040 4.191
2017-04-10 0.040 4.936
2017-02-16 0.040 5.437
2016-02-05 0.040 6.155
2015-04-06 0.040 5.549
2014-02-20 0.040 4.768
2013-03-15 0.040 5.566
2012-02-22 0.040 8.159
2011-02-22 0.040 9.651
2010-04-13 0.030 7.816
2010-02-10 0.030 7.693
2009-04-14 0.008 2.088
2008-06-23 0.008 3.837

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Chip Eng Seng's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by net profit (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by net profit (3.2x coverage).
X
Income/ dividend checks
We assess Chip Eng Seng's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Chip Eng Seng afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chip Eng Seng has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

C29 Management

 What is the CEO of Chip Eng Seng's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Raymond Chia, image provided by Google.
Raymond Chia
AGE 52
TENURE AS CEO 2.3 years
CEO Bio

Mr. Chia Lee Meng, also known as Raymond, PBM, has been an Executive Chairman of Chip Eng Seng Corporation Ltd since May 5, 2016 and its Chief Executive Officer and Executive Director since February 1, 2016. Mr. Meng served as Head of Corporate Affairs of Human Resources & Legal Affairs at Chip Eng Seng Corporation Ltd and Director of Group Financial & Investment Matters since September 2, 1999. He joined the firm in 1994 and served as a Project Manager. He served as Administrative Executive of T.C. Sin & Associates and a Senior Officer of Tat Lee Bank Ltd. He serves as the Chairman of Seacare Properties Pte Ltd. Mr. Meng served as a Director of Educare Co-operative Ltd. He served as Executive Deputy Chairman and Executive Director of Chip Eng Seng Corporation Ltd since January 1, 2013 and September 2, 1999 respectively and also serves as Director of some of its subsidiary companies. Mr. Meng received a Master degree in Finance from RMIT University and a Bachelor degree in Economics and Finance from Curtin University.

CEO Compensation
  • Insufficient data for Raymond to compare compensation growth.
  • Insufficient data for Raymond to establish whether their compensation is reasonable for a company of this size and profit level.
Management Team Tenure

Average tenure and age of the Chip Eng Seng management team in years:

2.2
Average Tenure
56
Average Age
  • The tenure for the Chip Eng Seng management team is about average.
Management Team

Raymond Chia

TITLE
Executive Chairman & Group CEO
AGE
52
TENURE
2.3 yrs

Tiang Chuan Lim

TITLE
Executive Deputy Chairman
AGE
64

Tiam Seng Lim

TITLE
Founder
AGE
79
TENURE
2.2 yrs

Cheong Law

TITLE
Chief Financial Officer
AGE
46
TENURE
4.8 yrs

Siang Thong Yeo

TITLE
Managing Director of Construction Division
AGE
54
TENURE
0.8 yrs

Yun Daming Hoon

TITLE
Executive Director
AGE
65

Dawn Lim

TITLE
Executive Director
AGE
41

Tee Tan

TITLE
Executive Director
AGE
58

Shaw Yoong

TITLE
Managing Director of Precast Division
TENURE
0.2 yrs

Lee Loh

TITLE
Joint Company Secretary
Board of Directors Tenure

Average tenure and age of the Chip Eng Seng board of directors in years:

2.4
Average Tenure
64.5
Average Age
  • The average tenure for the Chip Eng Seng board of directors is less than 3 years, this suggests a new board.
Board of Directors

Raymond Chia

TITLE
Executive Chairman & Group CEO
AGE
52
TENURE
2.1 yrs

Tiang Chuan Lim

TITLE
Executive Deputy Chairman
AGE
64
TENURE
11 yrs

Tiam Seng Lim

TITLE
Founder
AGE
79
TENURE
2.2 yrs

Yun Daming Hoon

TITLE
Executive Director
AGE
65
TENURE
6.9 yrs

Dawn Lim

TITLE
Executive Director
AGE
41
TENURE
8.5 yrs

Tee Tan

TITLE
Executive Director
AGE
58
TENURE
0.3 yrs

Abdul Bin Karam Din

TITLE
Independent Director
TENURE
0.3 yrs

Mong Ang

TITLE
Lead Independent Director
AGE
68
TENURE
2.6 yrs

Gim Ung

TITLE
Independent Director
AGE
77
TENURE
3.2 yrs

Tuck Lui

TITLE
Independent Director
TENURE
1.9 yrs
Recent Insider Trading
  • No 3 month insider trading information.
Who owns this company?
X
Management checks
We assess Chip Eng Seng's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of market cap)? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Chip Eng Seng has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

C29 News

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Best Growth Stocks To Buy

C29’s projected future profit growth is a robust 25.82%, with an underlying 10.08% growth from its revenues expected over the upcoming years. … 1B0’s projected future profit growth is a robust 22.65%, with an underlying 94.83% growth from its revenues expected over the upcoming years. … SGX:U77 Future Profit May 15th 18 For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.

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Only 2 Days Left To Cash In On Chip Eng Seng Corporation Ltd (SGX:C29) Dividend, Is It Worth Buying?

See our latest analysis for Chip Eng Seng How I analyze a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is its annual yield among the top 25% of dividend-paying companies? … Relative to peers, Chip Eng Seng produces a yield of 4.00%, which is high for Construction stocks but still below the market's top dividend payers. … Next Steps: With this in mind, I definitely rank Chip Eng Seng as a strong dividend stock, and makes it worth further research for anyone who likes steady income generation from their portfolio.

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Chip Eng Seng Corporation Ltd (SGX:C29): All You Need Is Growth?

I will touched on some key aspects you should know on a high level, around its financials and growth prospects going forward. … Alarm bells rang in my head when I saw C29's debt level exceeds equity on its balance sheet, and its high cash expenses leading to negative cash profit from operations. … The current state of C29's financial health lowers my conviction around the sustainability of the business going forward.

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Value-Adding Dividend Stocks To Buy Now

Chip Eng Seng, Bukit Sembawang Estates, and Parkway Life Real Estate Investment Trust have one big thing in common. … SGX:C29 Historical Dividend Yield Mar 22nd 18 Bukit Sembawang Estates Limited (SGX:B61) Bukit Sembawang Estates Limited, an investment holding company, engages in the property development, investment, and other property-related activities primarily in Singapore. … SGX:B61 Historical Dividend Yield Mar 22nd 18 Parkway Life Real Estate Investment Trust (SGX:C2PU) Parkway Life Real Estate Investment Trust (“PLife REIT”) is one of Asia’s largest listed healthcare REITs by asset size.

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Is Chip Eng Seng Corporation Ltd (SGX:C29) A Sell At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for C29 Price per share = SGD0.94 Earnings per share = SGD0.057 ∴ Price-Earnings Ratio = SGD0.94 ÷ SGD0.057 = 16.4x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … Since C29's P/E of 16.4x is higher than its industry peers (12.4x), it means that investors are paying more than they should for each dollar of C29's earnings. … In this case, C29’s P/E would be higher since investors would also reward C29’s higher growth with a higher price.

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Want To Invest In Chip Eng Seng Corporation Ltd (SGX:C29)? Here's How It Performed Lately

When Chip Eng Seng Corporation Ltd (SGX:C29) announced its most recent earnings (31 December 2017), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … See our latest analysis for Chip Eng Seng How Did C29's Recent Performance Stack Up Against Its Past? … For Chip Eng Seng, its most recent earnings (trailing twelve month) is S$35.51M, which compared to the previous year's figure, has declined by -0.50%.

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Why Chip Eng Seng Corporation Ltd (SGX:C29) Delivered An Inferior ROE Compared To The Industry

Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Chip Eng Seng’s equity capital deployed. … This means Chip Eng Seng’s returns actually do not cover its own cost of equity, with a discrepancy of -9.87%. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity SGX:C29 Last Perf Feb 24th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

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Dividend Flavor Of The Month: Chip Eng Seng And More

SGX:B61 Historical Dividend Yield Feb 15th 18 Parkway Life Real Estate Investment Trust (SGX:C2PU) Parkway Life Real Estate Investment Trust (“PLife REIT”) is one of Asia’s largest listed healthcare REITs by asset size. … Parkway Life Real Estate Investment Trust was established in 2007 and with the company's market cap sitting at SGD SGD1.72B, it falls under the small-cap group. … Continue research on Parkway Life Real Estate Investment Trust here.

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What Makes Chip Eng Seng Corporation Ltd (SGX:C29) A Good Dividend Stock?

See our latest analysis for Chip Eng Seng 5 questions to ask before buying a dividend stock When researching a dividend stock, I always follow the following screening criteria: Is it paying an annual yield above 75% of dividend payers? … SGX:C29 Historical Dividend Yield Feb 12th 18 Does Chip Eng Seng pass our checks? … However, going forward, analysts expect C29's payout to fall to 57.07% of its earnings, which leads to a dividend yield of around 4.30%.

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Chip Eng Seng Corporation Ltd (SGX:C29) Is A Real Dividend Rock Star - Here Is Why

View our latest analysis for Chip Eng Seng What Is A Dividend Rock Star? … More specifically: Its annual yield is among the top 25% of dividend payers It consistently pays out dividend without missing a payment or significantly cutting payout Its dividend per share amount has increased over the past It can afford to pay the current rate of dividends from its earnings It has the ability to keep paying its dividends going forward High Yield And Dependable Chip Eng Seng's yield sits at 3.88%, which is high for Construction stocks. … The lower EPS on top of a lower payout ratio will lead to a fall in dividend payment moving forward.Next Steps: Chip Eng Seng ticks all the boxes for what I look for in a dividend stock.

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C29 Company Info

Map
Description

Chip Eng Seng Corporation Ltd, an investment holding company, engages in the construction, property development and investment, and hospitality businesses primarily in Singapore, Australia, Malaysia, and Maldives. The company operates through Construction, Property Developments, Property Investments, Hospitality, and Corporate and Others segments. The company constructs public housing projects, condominiums, and executive condominiums, as well as industrial and commercial projects; develops residential, commercial, and industrial properties, as well as manages development projects; and provides real estate management and consultancy services. It also leases investment properties, such as shophouses, and commercial and industrial properties; operates hotels and island resort; engages in treasury functions; and invests in marketable securities. In addition, the company acts as general building contractor; manufactures and trades in precast products; and provides general building engineering services. Chip Eng Seng Corporation Ltd was incorporated in 1998 and is headquartered in Singapore.

Details
Name: Chip Eng Seng Corporation Ltd
C29
Exchange: SGX
Founded: 1998
SGD524,756,881
621,014,061
Website: http://www.chipengseng.com.sg
Address: Chip Eng Seng Corporation Ltd
No. 12-01, CES Centre,
171 Chin Swee Road,
Singapore,
169877,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX C29 Ordinary Shares Singapore Exchange SG SGD 24. Nov 1999
BST QK5 Ordinary Shares Boerse-Stuttgart DE EUR 24. Nov 1999
Number of employees
Current staff
Staff numbers
0
Chip Eng Seng employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/06/21 11:45
End of day share price update: 2018/06/20 00:00
Last estimates confirmation: 2018/05/21
Last earnings update: 2018/03/31
Last annual earnings update: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.