SGX:ER0

Stock Analysis Report

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Executive Summary

KSH Holdings Limited, an investment holding company, operates as a construction builder and contractor. More Details


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has KSH Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ER0 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ER0's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-1.5%

ER0

-0.2%

SG Construction

-1.6%

SG Market


1 Year Return

-23.9%

ER0

-15.0%

SG Construction

-14.3%

SG Market

Return vs Industry: ER0 underperformed the SG Construction industry which returned -15.4% over the past year.

Return vs Market: ER0 underperformed the SG Market which returned -14.3% over the past year.


Shareholder returns

ER0IndustryMarket
7 Day-1.5%-0.2%-1.6%
30 Day8.1%4.8%13.0%
90 Day-1.5%3.4%8.4%
1 Year-21.1%-23.9%-13.1%-15.0%-9.5%-14.3%
3 Year-48.1%-54.1%-37.0%-42.0%-11.6%-22.6%
5 Year-3.5%-22.5%-30.6%-40.1%9.6%-10.7%

Long-Term Price Volatility Vs. Market

How volatile is KSH Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

292.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ER0 (SGD0.34) is trading above our estimate of fair value (SGD0.11)

Significantly Below Fair Value: ER0 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ER0 is poor value based on its PE Ratio (292.8x) compared to the SG Construction industry average (11.8x).

PE vs Market: ER0 is poor value based on its PE Ratio (292.8x) compared to the SG market (13.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ER0's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ER0's PB Ratio (0.6x) is in line with the SG Construction industry average.


Next Steps

Future Growth

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

13.7%

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 KSH 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.


Next Steps

Past Performance

How has KSH Holdings performed over the past 5 years?

-39.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ER0 has a large one-off loss of SGD5.2M impacting its September 30 2020 financial results.

Growing Profit Margin: ER0's current net profit margins (0.4%) are lower than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: ER0's earnings have declined by 39.8% per year over the past 5 years.

Accelerating Growth: ER0's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ER0 had negative earnings growth (-94.3%) over the past year, making it difficult to compare to the Construction industry average (-14.8%).


Return on Equity

High ROE: ER0's Return on Equity (0.07%) is considered low.


Next Steps

Financial Health

How is KSH Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: ER0's short term assets (SGD163.6M) exceed its short term liabilities (SGD126.9M).

Long Term Liabilities: ER0's short term assets (SGD163.6M) exceed its long term liabilities (SGD107.8M).


Debt to Equity History and Analysis

Debt Level: ER0's debt to equity ratio (34.7%) is considered satisfactory.

Reducing Debt: ER0's debt to equity ratio has reduced from 44.1% to 34.7% over the past 5 years.

Debt Coverage: ER0's debt is not well covered by operating cash flow (14.9%).

Interest Coverage: ER0's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ER0's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ER0'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 ER0's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ER0's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ER0 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ER0'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?

7.3yrs

Average management tenure


CEO

Chee Onn Choo (69 yo)

no data

Tenure

Mr. Chee Onn Choo is a Co-Founder of KSH Holdings Limited and serves as its Executive Chairman and Managing Director. Mr. Choo plays a vital role in charting the Corporate Direction of the entire Group and...


Leadership Team

NamePositionTenureCompensationOwnership
Chee Onn Choo
Co Founderno datano data19.3%
SGD 37.0m
Kee Seng Lim
Executive Director14.75yrsno data12.1%
SGD 23.2m
Cheng Hoe Tok
Co-Founder14.75yrsno data14.41%
SGD 27.6m
Hay Ming Tang
CFO & Joint Company Secretary14yrsno datano data
Beng Hong Ong
Joint Company Secretary7.25yrsno datano data
Ngat Khow Kwok
QAQC Director & Executive Director14.75yrsno data14.41%
SGD 27.6m

7.3yrs

Average Tenure

69yo

Average Age

Experienced Management: ER0's management team is seasoned and experienced (7.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chee Onn Choo
Co Founderno datano data19.3%
SGD 37.0m
Kee Seng Lim
Executive Director14.75yrsno data12.1%
SGD 23.2m
Cheng Hoe Tok
Co-Founder14.75yrsno data14.41%
SGD 27.6m
Ngat Khow Kwok
QAQC Director & Executive Director14.75yrsno data14.41%
SGD 27.6m
Chuan Aun Ko
Independent Director7.33yrsno datano data
Yeow Hua Lim
Lead Independent Directorno datano data0.054%
SGD 102.8k
Kian Kheng Khua
Independent Director14yrsno data0.054%
SGD 102.8k

14.8yrs

Average Tenure

68yo

Average Age

Experienced Board: ER0's board of directors are seasoned and experienced ( 14.8 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

KSH Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: KSH Holdings Limited
  • Ticker: ER0
  • Exchange: SGX
  • Founded: 1979
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: S$191.701m
  • Shares outstanding: 563.83m
  • Website: https://www.kimsengheng.com

Location

  • KSH Holdings Limited
  • 36 Senoko Road
  • Singapore
  • 758108
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ER0SGX (Singapore Exchange)YesOrdinary SharesSGSGDFeb 2007
XEUADB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2007

Biography

KSH Holdings Limited, an investment holding company, operates as a construction builder and contractor. The company operates through Construction, and Property Development and Management segments. It const...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 11:11
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.