SGX:P52

Stock Analysis Report

Executive Summary

Pan-United Corporation Ltd, an investment holding company, engages in the concrete and logistics businesses.

Snowflake

Fundamentals

Adequate balance sheet with acceptable track record.

Risks

  • Pan-United is not covered by any analysts.

Share Price & News

How has Pan-United's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-4.6%

SGX:P52

-0.9%

SG Trade Distributors

0.08%

SG Market


1 Year Return

10.7%

SGX:P52

-5.4%

SG Trade Distributors

-2.6%

SG Market

P52 outperformed the Trade Distributors industry which returned -5.4% over the past year.

P52 outperformed the Market in Singapore which returned -2.6% over the past year.


Share holder returns

P52IndustryMarket
7 Day-4.6%-0.9%0.08%
30 Day-7.5%-4.7%-6.3%
90 Day8.8%8.7%-1.4%
1 Year13.8%10.7%-2.7%-5.4%1.2%-2.6%
3 Year22.0%-49.2%0.1%-29.5%15.8%3.5%
5 Year-19.3%-69.5%-55.1%-69.0%8.2%-9.5%

Price Volatility Vs. Market

How volatile is Pan-United's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pan-United undervalued based on future cash flows and its price relative to the stock market?

14.77x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Pan-United's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Pan-United's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Pan-United is good value based on earnings compared to the SG Trade Distributors industry average.

Pan-United is overvalued based on earnings compared to the Singapore market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Pan-United, we can't assess if its growth is good value.


Price Based on Value of Assets

Pan-United is overvalued based on assets compared to the SG Trade Distributors industry average.


Next Steps

Future Growth

How is Pan-United expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

-8.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Pan-United is high growth as no revenue estimate data is available.

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

Unable to compare Pan-United's revenue growth to the Singapore market average as no estimate data is available.

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

Pan-United'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 Pan-United will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Pan-United performed over the past 5 years?

-41.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Pan-United's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Pan-United's 1-year earnings growth exceeds its 5-year average (196.2% vs -41.5%)

Pan-United's earnings growth has exceeded the SG Trade Distributors industry average in the past year (196.2% vs 12.7%).


Return on Equity

Pan-United has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Pan-United used its assets more efficiently than the SG Trade Distributors industry average last year based on Return on Assets.


Return on Capital Employed

Pan-United's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Pan-United's financial position?


Financial Position Analysis

Pan-United is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Pan-United's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Pan-United's level of debt (59.9%) 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 (96.8% vs 59.9% today).

Debt is not well covered by operating cash flow (4.9%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2x debt.


Next Steps

Dividend

What is Pan-United's current dividend yield, its reliability and sustainability?

3.23%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Pan-United before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Pan-United's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.71%).

Pan-United's dividend is below the markets top 25% of dividend payers in Singapore (5.71%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.6x 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 Pan-United's salary, the management and board of directors tenure and is there insider trading?

8.4yrs

Average management tenure


CEO

May Ng (51yo)

8.4yrs

Tenure

0

Ms. Bee Bee Ng, also known as May, has been the Chief Executive Officer of Pan-United Corporation Limited since March 1, 2011. Ms. Ng served as an Executive Director of Pan-United Corporation Limited since ...


Management Age and Tenure

8.4yrs

Average Tenure

54yo

Average Age

The average tenure for the Pan-United management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

15.0yrs

Average Tenure

63.5yo

Average Age

The average tenure for the Pan-United board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • May Ng (51yo)

    CEO & Director

    • Tenure: 8.4yrs
  • Kah Lok

    GM, Exec. Director of Pan-United Industries Pte Ltd.

    • Tenure: 0.0yrs
  • Jimmy Lee

    Executive Director of Pan-United Shipping Pte Ltd

    • Tenure: 0.0yrs
  • Cheah Lan (54yo)

    General Manager of Corporate Development

    • Tenure: 13.4yrs
  • Form Po Cho

    Company Secretary

    • Tenure: 4.0yrs
  • Edward Kor (59yo)

    President of Changhu Xinghua Port co.

    • Tenure: 0.0yrs

Board Members

  • Jit Koon Ch'ng (85yo)

    Chairman

    • Tenure: 22.3yrs
  • Siew Choon Tay (71yo)

    Independent Non-Executive Director

    • Tenure: 14.5yrs
  • Cecil Vivian Richard Wong (97yo)

    Independent Director

    • Tenure: 26.8yrs
  • Patrick Ng (56yo)

    Deputy Chairman

    • Tenure: 8.4yrs
  • May Ng (51yo)

    CEO & Director

    • Tenure: 8.4yrs
  • Kah Lok

    GM, Exec. Director of Pan-United Industries Pte Ltd.

    • Tenure: 0.0yrs
  • Kah Loh

    Executive Director of Pan-United Industries Pte Ltd & United Cement Pte Ltd

    • Tenure: 0.0yrs
  • Ee Beng Soh (50yo)

    Independent Director

    • Tenure: 0.7yrs

Company Information

Pan-United Corporation Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pan-United Corporation Ltd
  • Ticker: P52
  • Exchange: SGX
  • Founded: 1958
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: S$217.275m
  • Shares outstanding: 700.89m
  • Website: https://www.panunited.com.sg

Number of Employees


Location

  • Pan-United Corporation Ltd
  • No. 16-01 Suntec Tower One
  • 7 Temasek Boulevard
  • Singapore
  • 38987
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
P52SGX (Singapore Exchange)YesOrdinary SharesSGSGDDec 1993

Biography

Pan-United Corporation Ltd, an investment holding company, engages in the concrete and logistics businesses. The company operates through three segments: Concrete and Cement, Trading and Shipping, and Othe ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 12:38
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.