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L19

Lum Chang HoldingsSGX:L19 Stock Report

Market Cap

S$154.4m

7D

1.2%

1Y

17.1%

Updated

21 Oct, 2021

Data

Company Financials
L19 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends1/6

L19 Overview

Lum Chang Holdings Limited, an investment holding company, engages in the construction, project management, property development, and investment activities in Singapore, Malaysia, and the United Kingdom.

Price History & Performance

Summary of all time highs, changes and price drops for Lum Chang Holdings
Historical stock prices
Current Share PriceS$0.41
52 Week HighS$0.34
52 Week LowS$0.47
Beta0.61
1 Month Change-1.21%
3 Month Change2.50%
1 Year Change17.14%
3 Year Change18.84%
5 Year Change10.81%
Change since IPO-23.57%

Recent News & Updates

Shareholder Returns

L19SG ConstructionSG Market
7D1.2%1.2%0.4%
1Y17.1%27.5%22.2%

Return vs Industry: L19 underperformed the SG Construction industry which returned 26.2% over the past year.

Return vs Market: L19 underperformed the SG Market which returned 22.7% over the past year.

Price Volatility

Is L19's price volatile compared to industry and market?
L19 volatility
L19 Beta0.61
Industry Beta0.75
Market Beta1

Stable Share Price: L19 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: L19's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1982453David Lumhttps://www.lumchang.com.sg

Lum Chang Holdings Limited, an investment holding company, engages in the construction, project management, property development, and investment activities in Singapore, Malaysia, and the United Kingdom. The company operates through Construction, Property Development and Investment, and Investment Holding and Others segments. Its portfolio includes commercial and residential projects.

Lum Chang Holdings Fundamentals Summary

How do Lum Chang Holdings's earnings and revenue compare to its market cap?
L19 fundamental statistics
Market CapS$154.44m
Earnings (TTM)S$2.97m
Revenue (TTM)S$325.62m

52.0x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
L19 income statement (TTM)
RevenueS$325.62m
Cost of RevenueS$292.69m
Gross ProfitS$32.93m
ExpensesS$29.96m
EarningsS$2.97m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0079
Gross Margin10.11%
Net Profit Margin0.91%
Debt/Equity Ratio86.7%

How did L19 perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

222%

Payout Ratio

Does L19 pay a reliable dividends?

See L19 dividend history and benchmarks
When do you need to buy L19 by to receive an upcoming dividend?
Lum Chang Holdings dividend dates
Ex Dividend DateNov 08 2021
Dividend Pay DateNov 23 2021
Days until Ex dividend17 days
Days until Dividend pay date32 days

Does L19 pay a reliable dividends?

See L19 dividend history and benchmarks

Valuation

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

51.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: L19 (SGD0.41) is trading above our estimate of fair value (SGD0.32)

Significantly Below Fair Value: L19 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: L19 is poor value based on its PE Ratio (52x) compared to the SG Construction industry average (12.8x).

PE vs Market: L19 is poor value based on its PE Ratio (52x) compared to the SG market (13.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate L19's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: L19's PB Ratio (0.6x) is in line with the SG Construction industry average.


Future Growth

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

15.6%

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 Lum Chang 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.


Past Performance

How has Lum Chang Holdings performed over the past 5 years?

-28.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: L19 has a large one-off gain of SGD23.2M impacting its June 30 2021 financial results.

Growing Profit Margin: L19 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: L19's earnings have declined by 28.7% per year over the past 5 years.

Accelerating Growth: L19 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: L19 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (88.2%).


Return on Equity

High ROE: L19's Return on Equity (3.1%) is considered low.


Financial Health

How is Lum Chang Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: L19's short term assets (SGD308.6M) exceed its short term liabilities (SGD164.7M).

Long Term Liabilities: L19's short term assets (SGD308.6M) exceed its long term liabilities (SGD192.3M).


Debt to Equity History and Analysis

Debt Level: L19's debt to equity ratio (86.7%) is considered high.

Reducing Debt: L19's debt to equity ratio has reduced from 87.6% to 86.7% over the past 5 years.

Debt Coverage: L19's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: L19's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


Dividend

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

4.27%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 22 2021Ex Dividend DateNov 08 2021Dividend Pay DateNov 23 202115 days from Ex DividendBuy in the next 17 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: L19's dividend (4.27%) is higher than the bottom 25% of dividend payers in the SG market (1.96%).

High Dividend: L19's dividend (4.27%) is low compared to the top 25% of dividend payers in the SG market (5.27%).


Stability and Growth of Payments

Stable Dividend: L19's dividend payments have been volatile in the past 10 years.

Growing Dividend: L19's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (221.7%), L19's dividend payments are not well 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?

11.1yrs

Average management tenure


CEO

David Lum (72 yo)

no data

Tenure

S$1,222,250

Compensation

Mr. Kok Seng Lum, also known as David, serves as the Managing Director of Lum Chang Holdings Limited. Mr. Lum has been Executive Chairman of LC Development Ltd., since August 1, 2011. Mr. Lum has been an E...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD907.91K) is above average for companies of similar size in the SG market ($USD397.69K).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: L19's management team is seasoned and experienced (11.1 years average tenure).


Board Members

Experienced Board: L19's board of directors are considered experienced (5.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Lum Chang Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Lum Chang Holdings Limited
  • Ticker: L19
  • Exchange: SGX
  • Founded: 1982
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: S$154.442m
  • Shares outstanding: 376.69m
  • Website: https://www.lumchang.com.sg

Number of Employees


Location

  • Lum Chang Holdings Limited
  • No. 08-01 Lum Chang Building
  • 14 Kung Chong Road
  • Singapore
  • 159150
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:03
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.