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

Average dividend payer and fair value.

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.7%

ER0

0.8%

SG Construction

-0.5%

SG Market


1 Year Return

-25.8%

ER0

-16.7%

SG Construction

-20.7%

SG Market

Return vs Industry: ER0 underperformed the SG Construction industry which returned -16.7% over the past year.

Return vs Market: ER0 underperformed the SG Market which returned -20.7% over the past year.


Shareholder returns

ER0IndustryMarket
7 Day-5.7%0.8%-0.5%
30 Day-2.9%2.3%0.9%
90 Day-1.5%-2.3%-3.2%
1 Year-21.5%-25.8%-14.5%-16.7%-16.4%-20.7%
3 Year-57.6%-62.9%-40.4%-45.4%-19.5%-29.3%
5 Year-3.3%-24.4%-35.4%-44.6%-6.6%-23.6%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ER0 (SGD0.33) is trading below our estimate of fair value (SGD2.07)

Significantly Below Fair Value: ER0 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ER0 is poor value based on its PE Ratio (11.9x) compared to the SG Construction industry average (11.5x).

PE vs Market: ER0 is good value based on its PE Ratio (11.9x) compared to the SG market (13.1x).


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?

14.0%

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?

-29.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ER0 has a large one-off loss of SGD5.2M impacting its March 31 2020 financial results.

Growing Profit Margin: ER0's current net profit margins (6.7%) are higher than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: ER0's earnings have declined by 29.7% per year over the past 5 years.

Accelerating Growth: ER0's earnings growth over the past year (107.6%) exceeds its 5-year average (-29.7% per year).

Earnings vs Industry: ER0 earnings growth over the past year (107.6%) exceeded the Construction industry -14.8%.


Return on Equity

High ROE: ER0's Return on Equity (4.4%) 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 (SGD197.3M) exceed its short term liabilities (SGD127.8M).

Long Term Liabilities: ER0's short term assets (SGD197.3M) exceed its long term liabilities (SGD137.7M).


Debt to Equity History and Analysis

Debt Level: ER0's debt to equity ratio (43.6%) is considered high.

Reducing Debt: ER0's debt to equity ratio has increased from 34.8% to 43.6% over the past 5 years.

Debt Coverage: ER0's debt is not well covered by operating cash flow (18.1%).

Interest Coverage: ER0's interest payments on its debt are well covered by EBIT (4.6x coverage).


Balance Sheet


Next Steps

Dividend

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

6.67%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ER0's dividend (6.67%) is higher than the bottom 25% of dividend payers in the SG market (2.51%).

High Dividend: ER0's dividend (6.67%) is in the top 25% of dividend payers in the SG market (5.28%)


Stability and Growth of Payments

Stable Dividend: ER0's dividend payments have been volatile in the past 10 years.

Growing Dividend: ER0's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (79%), ER0's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.1yrs

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 35.9m
Kee Seng Lim
Executive Director14.58yrsno data12.1%
SGD 22.5m
Cheng Hoe Tok
Co-Founder14.58yrsno data14.41%
SGD 26.8m
Hay Ming Tang
CFO & Joint Company Secretary13.83yrsno datano data
Beng Hong Ong
Joint Company Secretary7.08yrsno datano data
Ngat Khow Kwok
QAQC Director & Executive Director14.58yrsno data14.41%
SGD 26.8m

7.1yrs

Average Tenure

69yo

Average Age

Experienced Management: ER0's management team is seasoned and experienced (7.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chee Onn Choo
Co Founderno datano data19.3%
SGD 35.9m
Kee Seng Lim
Executive Director14.58yrsno data12.1%
SGD 22.5m
Cheng Hoe Tok
Co-Founder14.58yrsno data14.41%
SGD 26.8m
Ngat Khow Kwok
QAQC Director & Executive Director14.58yrsno data14.41%
SGD 26.8m
Chuan Aun Ko
Independent Director7.17yrsno datano data
Yeow Hua Lim
Lead Independent Directorno datano data0.054%
SGD 99.8k
Kian Kheng Khua
Independent Director13.83yrsno data0.054%
SGD 99.8k

14.6yrs

Average Tenure

68yo

Average Age

Experienced Board: ER0's board of directors are seasoned and experienced ( 14.6 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$186.063m
  • 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 Analysis2020/10/20 12:45
End of Day Share Price2020/10/20 00:00
Earnings2020/03/31
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.