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Low Keng Huat (Singapore)

SGX:F1E
Snowflake Description

Excellent balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
F1E
SGX
SGD395M
Market Cap
  1. Home
  2. SG
  3. Capital Goods
Company description

Low Keng Huat (Singapore) Limited, an investment holding company, engages in the property development and investment activities in Singapore and Australia. The last earnings update was 66 days ago. More info.


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F1E Share Price and Events
7 Day Returns
-1.8%
SGX:F1E
-0.1%
SG Construction
0.2%
SG Market
1 Year Returns
-23.6%
SGX:F1E
-20.8%
SG Construction
-8.9%
SG Market
F1E Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Low Keng Huat (Singapore) (F1E) -1.8% -2.7% -7.8% -23.6% -11.6% -21.9%
SG Construction -0.1% -2.1% -7.7% -20.8% -2.2% -4.8%
SG Market 0.2% 0.6% -3.5% -8.9% 16.4% 11.3%
1 Year Return vs Industry and Market
  • F1E underperformed the Construction industry which returned -20.8% over the past year.
  • F1E underperformed the Market in Singapore which returned -8.9% over the past year.
Price Volatility
F1E
Industry
5yr Volatility vs Market

F1E Value

 Is Low Keng Huat (Singapore) 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
Here we compare the current share price of Low Keng Huat (Singapore) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Low Keng Huat (Singapore).

SGX:F1E Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:F1E
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.6%
Equity Risk Premium S&P Global 7.4%
Construction Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.561 (1 + (1- 17%) (87.15%))
0.968
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.56% + (0.968 * 7.44%)
9.76%

Discounted Cash Flow Calculation for SGX:F1E using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Low Keng Huat (Singapore) is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:F1E DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 47.03 38.09 31.23 25.92 21.78
Source Est @ -20%, capped from -21.82% Est @ -19%, capped from -21.82% Est @ -18%, capped from -21.82% Est @ -17%, capped from -21.82% Est @ -16%, capped from -21.82%
Present Value
Discounted (@ 9.76%)
42.84 31.62 23.62 17.86 13.67
Present value of next 5 years cash flows $129.62
SGX:F1E DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $21.78 × (1 + 2.56%) ÷ (9.76% – 2.56%)
$310.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $310.25 ÷ (1 + 9.76%)5
$194.77
SGX:F1E Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $129.62 + $194.77
$324.38
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $324.38 / 738.82
$0.44
SGX:F1E Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD0.44
Current discount Discount to share price of SGD0.54
= -1 x (SGD0.54 - SGD0.44) / SGD0.44
-21.9%

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

  • The current share price of Low Keng Huat (Singapore) is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Low Keng Huat (Singapore)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Low Keng Huat (Singapore)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:F1E PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-07-31) in USD $0.03
SGX:F1E Share Price ** SGX (2018-11-14) in SGD SGD0.54
Singapore Construction Industry PE Ratio Median Figure of 22 Publicly-Listed Construction Companies 8.07x
Singapore Market PE Ratio Median Figure of 322 Publicly-Listed Companies 11.7x

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

** Primary Listing of Low Keng Huat (Singapore).

SGX:F1E PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:F1E Share Price ÷ EPS (both in USD)

= 0.54 ÷ 0.03

17.93x

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

  • Low Keng Huat (Singapore) is overvalued based on earnings compared to the SG Construction industry average.
  • Low Keng Huat (Singapore) is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does Low Keng Huat (Singapore)'s expected growth come at a high price?
Raw Data
SGX:F1E PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
12.2%per year
Asia Construction Industry PEG Ratio Median Figure of 37 Publicly-Listed Construction Companies 0.66x
Singapore Market PEG Ratio Median Figure of 127 Publicly-Listed Companies 1.13x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Low Keng Huat (Singapore), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Low Keng Huat (Singapore)'s assets?
Raw Data
SGX:F1E PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-07-31) in USD $0.88
SGX:F1E Share Price * SGX (2018-11-14) in SGD SGD0.54
Singapore Construction Industry PB Ratio Median Figure of 32 Publicly-Listed Construction Companies 0.59x
Singapore Market PB Ratio Median Figure of 430 Publicly-Listed Companies 0.72x
SGX:F1E PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:F1E Share Price ÷ Book Value per Share (both in USD)

= 0.54 ÷ 0.88

0.61x

* Primary Listing of Low Keng Huat (Singapore).

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

  • Low Keng Huat (Singapore) is overvalued based on assets compared to the SG Construction industry average.
X
Value checks
We assess Low Keng Huat (Singapore)'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. Low Keng Huat (Singapore) has a total score of 0/6, 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.

F1E Future Performance

 How is Low Keng Huat (Singapore) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Low Keng Huat (Singapore), future earnings growth has been estimated based on fundamentals.
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
12.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Low Keng Huat (Singapore) expected to grow at an attractive rate?
  • Low Keng Huat (Singapore)'s earnings growth is expected to exceed the low risk savings rate of 2.6%.
Growth vs Market Checks
  • Low Keng Huat (Singapore)'s earnings growth is expected to exceed the Singapore market average.
  • Unable to compare Low Keng Huat (Singapore)'s revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:F1E Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:F1E Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 12.2%
Singapore Construction Industry Earnings Growth Rate Market Cap Weighted Average 20.5%
Asia Construction Industry Revenue Growth Rate Market Cap Weighted Average 11.7%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 6.1%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*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:F1E Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:F1E Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-07-31 195 207 22
2018-04-30 131 141 18
2018-01-31 73 -20 19
2017-10-31 54 -152 19
2017-07-31 53 -210 15
2017-04-30 48 -280 58
2017-01-31 47 12 56
2016-10-31 58 58 82
2016-07-31 64 30 90
2016-04-30 76 94 55
2016-01-31 87 -32 56
2015-10-31 865 250 101

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Low Keng Huat (Singapore)'s earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Low Keng Huat (Singapore) is high growth as no revenue estimate data is available.
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:F1E Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Low Keng Huat (Singapore) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:F1E Past Financials Data
Date (Data in USD Millions) EPS *
2018-07-31 0.03
2018-04-30 0.02
2018-01-31 0.03
2017-10-31 0.03
2017-07-31 0.02
2017-04-30 0.08
2017-01-31 0.08
2016-10-31 0.11
2016-07-31 0.12
2016-04-30 0.07
2016-01-31 0.08
2015-10-31 0.14

*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.
  • Unable to establish if Low Keng Huat (Singapore) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Low Keng Huat (Singapore)'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 Asia 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.
Low Keng Huat (Singapore) has a total score of 2/6, 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.

F1E Past Performance

  How has Low Keng Huat (Singapore) 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 Low Keng Huat (Singapore)'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.
  • Low Keng Huat (Singapore)'s year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Low Keng Huat (Singapore)'s 1-year earnings growth exceeds its 5-year average (44.7% vs -21.5%)
  • Low Keng Huat (Singapore)'s earnings growth has exceeded the SG Construction industry average in the past year (44.7% vs -3.1%).
Earnings and Revenue History
Low Keng Huat (Singapore)'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 Low Keng Huat (Singapore) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:F1E Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-07-31 195.35 22.00 15.77
2018-04-30 131.07 18.32 11.79
2018-01-31 72.67 18.55 9.96
2017-10-31 54.29 18.81 9.72
2017-07-31 53.21 15.21 9.87
2017-04-30 48.15 57.83 12.76
2017-01-31 47.04 55.70 13.47
2016-10-31 57.67 81.53 15.81
2016-07-31 63.96 90.29 17.61
2016-04-30 75.72 55.24 16.17
2016-01-31 86.62 55.75 16.61
2015-10-31 865.35 100.52 28.10
2015-07-31 1,255.17 153.80 33.23
2015-04-30 1,261.47 149.61 33.96
2015-01-31 1,258.93 160.45 34.07
2014-10-31 481.35 89.20 23.27
2014-07-31 95.08 34.58 17.84
2014-04-30 86.16 46.43 18.40
2014-01-31 79.70 47.07 19.08
2013-10-31 82.95 83.56 23.62
2013-07-31 93.38 100.66 26.23
2013-04-30 110.93 111.86 28.26
2013-01-31 126.36 109.75 38.08
2012-10-31 142.86 99.98 36.42
2012-07-31 134.99 87.00 34.96
2012-04-30 129.79 77.52 31.67
2012-01-31 136.40 85.94 21.68

*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.
  • Low Keng Huat (Singapore) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Low Keng Huat (Singapore) used its assets less efficiently than the SG Construction industry average last year based on Return on Assets.
  • Low Keng Huat (Singapore)'s use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Low Keng Huat (Singapore)'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.
Low Keng Huat (Singapore) has a total score of 2/6, 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.

F1E Health

 How is Low Keng Huat (Singapore)'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 Low Keng Huat (Singapore)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Low Keng Huat (Singapore) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Low Keng Huat (Singapore)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Low Keng Huat (Singapore)'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 1.1x 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 Low Keng Huat (Singapore) Company Filings, last reported 3 months ago.

SGX:F1E Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-07-31 685.39 344.48 145.39
2018-04-30 699.14 401.28 162.66
2018-01-31 697.86 426.39 144.52
2017-10-31 681.32 439.55 141.76
2017-07-31 675.08 487.42 142.70
2017-04-30 703.75 462.18 148.37
2017-01-31 694.26 418.44 257.59
2016-10-31 676.83 420.25 293.88
2016-07-31 672.68 421.26 299.11
2016-04-30 662.06 421.89 352.44
2016-01-31 674.92 397.55 221.24
2015-10-31 648.09 336.90 203.11
2015-07-31 640.82 337.52 222.54
2015-04-30 671.51 339.77 270.22
2015-01-31 659.48 405.88 283.99
2014-10-31 556.74 415.67 105.28
2014-07-31 495.97 508.27 139.88
2014-04-30 512.47 514.59 169.78
2014-01-31 492.08 597.48 200.67
2013-10-31 493.34 624.19 172.45
2013-07-31 483.64 512.89 165.18
2013-04-30 506.80 537.06 221.54
2013-01-31 489.40 560.40 212.74
2012-10-31 444.84 569.76 163.64
2012-07-31 418.64 599.60 163.51
2012-04-30 416.21 599.42 146.11
2012-01-31 404.69 603.88 37.50
  • Low Keng Huat (Singapore)'s level of debt (50.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (106.3% vs 50.3% today).
  • Debt is well covered by operating cash flow (60%, greater than 20% of total debt).
  • Low Keng Huat (Singapore) earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Low Keng Huat (Singapore)'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. Low Keng Huat (Singapore) has a total score of 5/6, 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.

F1E Dividends

 What is Low Keng Huat (Singapore)'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
3.74%
Current annual income from Low Keng Huat (Singapore) dividends.
If you bought SGD2,000 of Low Keng Huat (Singapore) shares you are expected to receive SGD75 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?
  • Low Keng Huat (Singapore)'s pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.55%).
  • Low Keng Huat (Singapore)'s dividend is below the markets top 25% of dividend payers in Singapore (6.39%).
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:F1E 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 0 Analyst Estimates (S&P Global) See Below
Singapore Construction Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 3.6%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 284 Stocks 4.1%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.5%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 6.4%

Industry and Market average data is calculated daily.

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

SGX:F1E Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-05-31 0.020 3.437
2017-05-17 0.040 5.913
2017-03-31 0.040 6.123
2016-03-30 0.040 6.933
2015-05-06 0.030 4.901
2014-05-07 0.030 4.342
2013-05-08 0.045 6.575
2012-03-29 0.040 7.774
2011-03-31 0.030 8.194
2010-05-10 0.030 6.712
2010-03-29 0.030 6.506
2009-05-05 0.015 4.474
2008-11-18 0.013 8.110

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Low Keng Huat (Singapore)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Low Keng Huat (Singapore)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Low Keng Huat (Singapore) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Low Keng Huat (Singapore) has a total score of 3/6, see the detailed checks below.


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

F1E Management

 What is the CEO of Low Keng Huat (Singapore)'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
Keng Boon Low
COMPENSATION $913,396
AGE 76
TENURE AS CEO 7 years
CEO Bio

Mr. Keng Boon Low has been a co-founder and Joint Managing Director of Low Keng Huat (Singapore) Limited since April 14, 1969 and November 01, 2011 respectively. Mr. Low serves as a Group Managing Director of General Corp. Bhd. His wide experience in building and construction is evidenced by the handling of prestigious projects like the OCBC and OUB buildings, Singapore Press Holdings headquarters, Novena Square and the SIA Engineering Hangar in Singapore and the Sabah Foundation Building in Kota Kinabalu, Sabah. Mr. Low was also instrumental in its successful diversification into the hotel business. Mr. Low has been an Executive Director of Low Keng Huat (Singapore) Limited since April 14, 1969 and General Corp. Bhd since September 6, 1982. Mr. Low served as a member of the Singapore Construction Industry Development Board from March 1984 to March 1988.

CEO Compensation
  • Keng Boon's compensation has been consistent with company performance over the past year.
  • Keng Boon's remuneration is higher than average for companies of similar size in Singapore.
Management Team Tenure

Average tenure and age of the Low Keng Huat (Singapore) management team in years:

10.5
Average Tenure
53
Average Age
  • The average tenure for the Low Keng Huat (Singapore) management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Keng Boon Low

TITLE
Co-Founder
COMPENSATION
$913K
AGE
76
TENURE
7 yrs

Marco Low

TITLE
Joint MD & Non-Executive Director
COMPENSATION
$849K
AGE
46
TENURE
7 yrs

Poh Kuan Low

TITLE
Purchasing Manager & Executive Director
COMPENSATION
$349K
AGE
48
TENURE
20.7 yrs

Yeok Yuen Chin

TITLE
CFO & Company Secretary
AGE
58
TENURE
11.1 yrs

Yoon Moi Lee

TITLE
Chief Operating Officer
AGE
68
TENURE
10.5 yrs

Phillip Wong

TITLE
Administration & IT Manager
AGE
66
TENURE
26.8 yrs

Steven Low

TITLE
Head of Safety Department

Poh Kok Low

TITLE
Senior Manager of Project Development
AGE
45
TENURE
0.6 yrs

Bruce Doig

TITLE
General Manager of Duxton Hotel of Perth
TENURE
10.6 yrs

Chin Han Low

TITLE
Director of Hospitality
AGE
37
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the Low Keng Huat (Singapore) board of directors in years:

13.4
Average Tenure
76
Average Age
  • The average tenure for the Low Keng Huat (Singapore) board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Keng Huat Low

TITLE
Co-Founder & Non-Executive Chairman
COMPENSATION
$55K
AGE
84
TENURE
49.6 yrs

Keng Boon Low

TITLE
Co-Founder
COMPENSATION
$913K
AGE
76
TENURE
49.6 yrs

Marco Low

TITLE
Joint MD & Non-Executive Director
COMPENSATION
$849K
AGE
46
TENURE
12 yrs

Poh Kuan Low

TITLE
Purchasing Manager & Executive Director
COMPENSATION
$349K
AGE
48
TENURE
14.6 yrs

Han Yang Lee

TITLE
Lead Independent Non Executive Director
COMPENSATION
$50K
AGE
86
TENURE
12.2 yrs

Lucas Liew

TITLE
Independent Non Executive Director
COMPENSATION
$50K
AGE
81
TENURE
26.8 yrs

Jimmy Yim

TITLE
Independent Non Executive Director
COMPENSATION
$45K
AGE
59
TENURE
9.7 yrs

Chris Chia

TITLE
Independent Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
26. Jan 18 Buy Peng Kiat Low Individual 25. Jan 18 25. Jan 18 2,000,000 SGD0.67 SGD1,330,000
X
Management checks
We assess Low Keng Huat (Singapore)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to 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. Low Keng Huat (Singapore) 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.

F1E News

External News
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Simply Wall St News

Interested In Low Keng Huat (Singapore) Limited (SGX:F1E)? Here's What Its Recent Performance Looks Like

For investors with a long-term horizon, examining earnings trend over time and against industry peers is more insightful than looking at an earnings announcement in one point in time. … Investors may find my commentary, albeit very high-level and brief, on Low Keng Huat (Singapore) Limited (SGX:F1E) useful as an attempt to give more color around how Low Keng Huat (Singapore) is currently performing. … Check out our latest analysis for Low Keng Huat (Singapore)?

Simply Wall St -

Is Low Keng Huat (Singapore) Limited's (SGX:F1E) CEO Incentives Align With Yours?

In 2011 Keng Boon Low was appointed CEO of Low Keng Huat (Singapore) Limited (SGX:F1E). … How Does Keng Boon Low's Compensation Compare With Similar Sized Companies. … According to our data, Low Keng Huat (Singapore) Limited has a market capitalization of S$395m, and pays its CEO total annual compensation worth S$2m.

Simply Wall St -

Should You Be Tempted To Sell Low Keng Huat (Singapore) Limited (SGX:F1E) At Its Current PE Ratio?

Low Keng Huat (Singapore) Limited (SGX:F1E) trades with a trailing P/E of 19.1, which is higher than the industry average of 9.7. … I will break down what the P/E ratio is, how to interpret it and what other factors to keep in mind … Check out our latest analysis for Low Keng Huat (Singapore)

Simply Wall St -

Should Low Keng Huat (Singapore) Limited (SGX:F1E) Be Part Of Your Dividend Portfolio?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Low Keng Huat (Singapore) Limited (SGX:F1E) has returned to shareholders over the past 10 years, an average dividend yield of 6.00% annually. … Let's dig deeper into whether Low Keng Huat (Singapore) should have a place in your portfolio.

Simply Wall St -

Should You Be Concerned About Low Keng Huat (Singapore) Limited's (SGX:F1E) Shareholders?

In this analysis, my focus will be on developing a perspective on Low Keng Huat (Singapore) Limited’s (SGX:F1E) latest ownership structure, a less discussed, but important factor. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

Simply Wall St -

Low Keng Huat (Singapore) Limited's (SGX:F1E) Earnings Dropped -68.32%, How Did It Fare Against The Industry?

Examining Low Keng Huat (Singapore) Limited's (SGX:F1E) past track record of performance is a useful exercise for investors. … Below, I will assess F1E's latest performance announced on 30 April 2018 and weight these figures against its longer term trend and industry movements. … Check out our latest analysis for Low Keng Huat (Singapore)?

Simply Wall St -

Interested In Low Keng Huat (Singapore) Limited (SGX:F1E)’s Upcoming $0.02 Dividend? You Have 3 Days Left

Investors who want to cash in on Low Keng Huat (Singapore) Limited's (SGX:F1E) upcoming dividend of SGD0.02 per share have only 3 days left to buy the shares before its ex-dividend date, 08 June 2018, in time for dividends payable on the 21 June 2018. … Check out our latest analysis for Low Keng Huat (Singapore) 5 checks you should do on a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is it paying an annual yield above 75% of dividend payers? … Compared to its peers, Low Keng Huat (Singapore) generates a yield of 3.01%, which is high for Construction stocks but still below the market's top dividend payers.

Simply Wall St -

With A Recent ROE Of 3.98%, Can Low Keng Huat (Singapore) Limited (SGX:F1E) Catch Up To Its Industry?

See our latest analysis for Low Keng Huat (Singapore) What you must know about ROE Return on Equity (ROE) weighs Low Keng Huat (Singapore)’s profit against the level of its shareholders’ equity. … Low Keng Huat (Singapore)’s cost of equity is 10.73%. … Given a discrepancy of -6.74% between return and cost, this indicated that Low Keng Huat (Singapore) may be paying more for its capital than what it’s generating in return.

Simply Wall St -

F1E Company Info

Map
Description

Low Keng Huat (Singapore) Limited, an investment holding company, engages in the property development and investment activities in Singapore and Australia. It develops and sells properties; invests in properties, and shares in quoted and unquoted equities; and undertakes building and engineering works. The company is also involved in the ownership and operation of deluxe hotel under the Duxton Hotel brand; and other hospitality-related business, such as food and beverage business under the Carnivore brand, as well as in the ownership and operation of restaurants. In addition, it engages in the property fund management business. The company was founded in 1969 and is based in Singapore. Low Keng Huat (Singapore) Limited is a subsidiary of Consistent Record Sdn. Bhd.

Details
Name: Low Keng Huat (Singapore) Limited
F1E
Exchange: SGX
Founded: 1969
SGD395,266,560
738,816,000
Website: http://www.lkhs.com.sg
Address: Low Keng Huat (Singapore) Limited
80 Marine Parade Road,
No. 18-05/09 Parkway Parade,
Singapore,
449269,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX F1E Ordinary Shares Singapore Exchange SG SGD 20. May 1992
Number of employees
Current staff
Staff numbers
0
Low Keng Huat (Singapore) employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/17 11:52
End of day share price update: 2018/11/14 00:00
Last earnings filing: 2018/09/12
Last earnings reported: 2018/07/31
Last annual earnings reported: 2018/01/31


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.