SGX:L03

Stock Analysis Report

Executive Summary

Lian Beng Group Ltd, an investment holding company, engages in the construction business in Singapore and Australia.

Snowflake

Fundamentals

Undervalued with mediocre balance sheet.

Risks

  • Lian Beng Group is not covered by any analysts.

Share Price & News

How has Lian Beng Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.0%

SGX:L03

1.2%

SG Construction

-0.7%

SG Market


1 Year Return

1.0%

SGX:L03

-17.1%

SG Construction

-1.5%

SG Market

L03 outperformed the Construction industry which returned -17.5% over the past year.

L03 outperformed the Market in Singapore which returned -0.2% over the past year.


Share holder returns

L03IndustryMarket
7 Day-1.0%1.2%-0.7%
30 Day-1.0%0.03%0.6%
90 Day3.0%-3.7%-4.3%
1 Year5.4%1.0%-14.9%-17.1%2.5%-1.5%
3 Year22.2%6.3%-12.8%-20.6%16.5%4.1%
5 Year-9.1%-29.2%-44.3%-52.6%9.3%-8.8%

Price Volatility Vs. Market

How volatile is Lian Beng Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Lian Beng Group undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Lian Beng Group's share price is below the future cash flow value, and at a moderate discount (> 20%).

Lian Beng Group's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Lian Beng Group is good value based on earnings compared to the SG Construction industry average.

Lian Beng Group is good value based on earnings compared to the Singapore market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Lian Beng Group, we can't assess if its growth is good value.


Price Based on Value of Assets

Lian Beng Group is good value based on assets compared to the SG Construction industry average.


Next Steps

Future Growth

How is Lian Beng Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Lian Beng Group is high growth as no revenue estimate data is available.

Lian Beng Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to compare Lian Beng Group's revenue growth to the Singapore market average as no estimate data is available.

Lian Beng Group's earnings are expected to decrease over the next 1-3 years, this is below the Singapore market average.

Lian Beng Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Lian Beng Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Lian Beng Group performed over the past 5 years?

-18.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Lian Beng Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Lian Beng Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Lian Beng Group's 1-year earnings growth is negative, it can't be compared to the SG Construction industry average.


Return on Equity

Lian Beng Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Lian Beng Group used its assets more efficiently than the SG Construction industry average last year based on Return on Assets.


Return on Capital Employed

Lian Beng Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Lian Beng Group's financial position?


Financial Position Analysis

Lian Beng Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Lian Beng Group's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Lian Beng Group's level of debt (70.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (49.8% vs 70.9% today).

Debt is not well covered by operating cash flow (13.7%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 4.9x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.2x debt.


Next Steps

Dividend

What is Lian Beng Group's current dividend yield, its reliability and sustainability?

4.41%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Lian Beng Group before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Lian Beng Group's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.5%).

Lian Beng Group's dividend is below the markets top 25% of dividend payers in Singapore (5.6%).

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

Dividends paid are well covered by earnings (2.9x 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.


Next Steps

Management

What is the CEO of Lian Beng Group's salary, the management and board of directors tenure and is there insider trading?

4.2yrs

Average board tenure


CEO

Pang Aik Ong 0

0yrs

Tenure

0

Mr. Pang Aik Ong, BBM serves as an Executive Chairman of the Board and Managing Director of Lian Beng Group Ltd. Mr. Ong joined Lian Beng Group Ltd in 1978 and is responsible for its management, business d ...


Board Age and Tenure

4.2yrs

Average Tenure

The tenure for the Lian Beng Group board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyS$50,50006 Sep 19
Ong Sek Chong & Sons Pte Ltd.
EntityCompany
Shares100,000
Max PriceS$0.51
BuyS$50,50005 Sep 19
Ong Sek Chong & Sons Pte Ltd.
EntityCompany
Shares100,000
Max PriceS$0.51
BuyS$50,00029 Aug 19
Ong Sek Chong & Sons Pte Ltd.
EntityCompany
Shares100,000
Max PriceS$0.50
BuyS$50,00027 Aug 19
Ong Sek Chong & Sons Pte Ltd.
EntityCompany
Shares100,000
Max PriceS$0.50
BuyS$51,00026 Aug 19
Ong Sek Chong & Sons Pte Ltd.
EntityCompany
Shares100,000
Max PriceS$0.51
BuyS$51,00021 Aug 19
Ong Sek Chong & Sons Pte Ltd.
EntityCompany
Shares100,000
Max PriceS$0.51
BuyS$56,60019 Aug 19
Ong Sek Chong & Sons Pte Ltd.
EntityCompany
Shares113,200
Max PriceS$0.50
BuyS$50,00014 Aug 19
Ong Sek Chong & Sons Pte Ltd.
EntityCompany
Shares100,000
Max PriceS$0.50
BuyS$12,64813 Aug 19
Ong Sek Chong & Sons Pte Ltd.
EntityCompany
Shares143,500
Max PriceS$0.088
BuyS$50,00008 Aug 19
Ong Sek Chong & Sons Pte Ltd.
EntityCompany
Shares100,000
Max PriceS$0.50
BuyS$125,00006 Aug 19
Ong Sek Chong & Sons Pte Ltd.
EntityCompany
Shares250,000
Max PriceS$0.50
BuyS$220,00005 Aug 19
Ong Sek Chong & Sons Pte Ltd.
EntityCompany
Shares440,000
Max PriceS$0.50
BuyS$149,75002 Aug 19
Ong Sek Chong & Sons Pte Ltd.
EntityCompany
Shares299,500
Max PriceS$0.50
BuyS$59,12605 Dec 18
Pang Aik Ong
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & MD
Shares125,800
Max PriceS$0.47
BuyS$60,53604 Dec 18
Pang Aik Ong
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & MD
Shares128,800
Max PriceS$0.47
BuyS$186,00003 Dec 18
Pang Aik Ong
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & MD
Shares400,000
Max PriceS$0.47
BuyS$139,50030 Nov 18
Pang Aik Ong
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & MD
Shares300,000
Max PriceS$0.47
BuyS$50,00223 Nov 18
Ong Sek Chong & Sons Pte Ltd.
EntityCompany
Shares108,700
Max PriceS$0.46

Ownership Breakdown


Management Team

  • Woon Hong Wee

    Joint Secretary

    • Tenure: 0yrs
  • Lay Huan Ong

    Head of Contracts Department & Executive Director

    • Tenure: 20.5yrs
  • Teow Leong Chew

    Financial Controller

    • Tenure: 0yrs
  • Lay Koon Ong

    Head of Finance

    • Tenure: 20.5yrs
  • Pang Aik Ong

    Executive Chairman & MD

    • Tenure: 0yrs
  • Srikanth Rayaprolu

    Company Secretary

    • Tenure: 4yrs
  • Matthew Ong (37yo)

    Executive Director of Lian Beng Realty Pte Ltd

    • Tenure: 0yrs

Board Members

  • Chuan Aun Ko (61yo)

    Independent & Non-Executive Director

    • Tenure: 4.2yrs
  • Beng Tin Low (69yo)

    Independent & Non-Executive Director

    • Tenure: 4.2yrs
  • Lay Huan Ong

    Head of Contracts Department & Executive Director

    • Tenure: 20.5yrs
  • Lay Koon Ong

    Head of Finance

    • Tenure: 20.5yrs
  • Pang Aik Ong

    Executive Chairman & MD

    • Tenure: 0yrs
  • Chun Giap Ang

    Independent Director

    • Tenure: 2.9yrs

Company Information

Lian Beng Group Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lian Beng Group Ltd
  • Ticker: L03
  • Exchange: SGX
  • Founded: 1973
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: S$252.343m
  • Shares outstanding: 499.69m
  • Website: https://www.lianbeng.com.sg

Location

  • Lian Beng Group Ltd
  • Lian Beng Building
  • 29 Harrison Road
  • Singapore
  • 369648
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
L03SGX (Singapore Exchange)YesOrdinary SharesSGSGDApr 1999
39QDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 1999

Biography

Lian Beng Group Ltd, an investment holding company, engages in the construction business in Singapore and Australia. It operates in six segments: Construction; Dormitory; Engineering and Leasing of Constru ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 12:35
End of Day Share Price2019/09/18 00:00
Earnings2019/05/31
Annual Earnings2019/05/31


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.