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P52

Pan-UnitedSGX:P52 Stock Report

Market Cap

S$217.5m

7D

0%

1Y

14.8%

Updated

19 Oct, 2021

Data

Company Financials +
P52 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance0/6
Financial Health6/6
Dividends1/6

P52 Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for Pan-United
Historical stock prices
Current Share PriceS$0.31
52 Week HighS$0.27
52 Week LowS$0.35
Beta0.85
1 Month Change1.64%
3 Month Change-4.61%
1 Year Change14.82%
3 Year Change12.73%
5 Year Change-47.01%
Change since IPO-83.85%

Recent News & Updates

Apr 04
We Think Pan-United (SGX:P52) Can Stay On Top Of Its Debt

We Think Pan-United (SGX:P52) Can Stay On Top Of Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Mar 08
Shareholders Of Pan-United (SGX:P52) Have Received 21% On Their Investment

Shareholders Of Pan-United (SGX:P52) Have Received 21% On Their Investment

Ideally, your overall portfolio should beat the market average. But if you pick the right individual stocks, you could...

Feb 10
Weak Financial Prospects Seem To Be Dragging Down Pan-United Corporation Ltd (SGX:P52) Stock

Weak Financial Prospects Seem To Be Dragging Down Pan-United Corporation Ltd (SGX:P52) Stock

It is hard to get excited after looking at Pan-United's (SGX:P52) recent performance, when its stock has declined 9.4...

Shareholder Returns

P52SG Trade DistributorsSG Market
7D0%-2.0%2.4%
1Y14.8%20.9%22.6%

Return vs Industry: P52 underperformed the SG Trade Distributors industry which returned 20.2% over the past year.

Return vs Market: P52 underperformed the SG Market which returned 21.2% over the past year.

Price Volatility

Is P52's price volatile compared to industry and market?
P52 volatility
P52 Beta0.85
Industry Beta0.78
Market Beta1

Stable Share Price: P52 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: P52's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1958n/aMay Nghttps://www.panunited.com.sg

Pan-United Corporation Ltd, an investment holding company, engages in the concrete and logistics businesses in Singapore, China, and internationally. The company operates in three segments: Concrete and Cement, Trading and Shipping, and Others. It manufactures, trades in, and supplies cement, granite, aggregates, ready-mix concrete, and slag, as well as refined petroleum products to construction industry.

Pan-United Fundamentals Summary

How do Pan-United's earnings and revenue compare to its market cap?
P52 fundamental statistics
Market CapS$217.54m
Earnings (TTM)S$7.72m
Revenue (TTM)S$492.37m

28.2x

P/E Ratio

0.4x

P/S Ratio


Dividends

3.2%

Current Dividend Yield

118%

Payout Ratio

Valuation

Is Pan-United undervalued compared to its fair value and its price relative to the market?

28.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: P52 (SGD0.31) is trading above our estimate of fair value (SGD0.16)

Significantly Below Fair Value: P52 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: P52 is poor value based on its PE Ratio (28.2x) compared to the SG Trade Distributors industry average (9.6x).

PE vs Market: P52 is poor value based on its PE Ratio (28.2x) compared to the SG market (13.5x).


Price to Earnings Growth Ratio

PEG Ratio: P52 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: P52 is overvalued based on its PB Ratio (1.1x) compared to the SG Trade Distributors industry average (0.6x).


Future Growth

How is Pan-United forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

56.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: P52's forecast earnings growth (56.5% per year) is above the savings rate (1.8%).

Earnings vs Market: P52's earnings (56.5% per year) are forecast to grow faster than the SG market (15.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: P52's revenue (14.1% per year) is forecast to grow faster than the SG market (7.2% per year).

High Growth Revenue: P52's revenue (14.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if P52's Return on Equity is forecast to be high in 3 years time


Past Performance

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

-1.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: P52 has a large one-off gain of SGD3.4M impacting its June 30 2021 financial results.

Growing Profit Margin: P52's current net profit margins (1.6%) are lower than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: P52's earnings have declined by 1.3% per year over the past 5 years.

Accelerating Growth: P52's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: P52 had negative earnings growth (-33.8%) over the past year, making it difficult to compare to the Trade Distributors industry average (95.9%).


Return on Equity

High ROE: P52's Return on Equity (4.2%) is considered low.


Financial Health

How is Pan-United's financial position?


Financial Position Analysis

Short Term Liabilities: P52's short term assets (SGD204.7M) exceed its short term liabilities (SGD118.3M).

Long Term Liabilities: P52's short term assets (SGD204.7M) exceed its long term liabilities (SGD65.7M).


Debt to Equity History and Analysis

Debt Level: P52's debt to equity ratio (31.4%) is considered satisfactory.

Reducing Debt: P52's debt to equity ratio has reduced from 100.1% to 31.4% over the past 5 years.

Debt Coverage: P52's debt is well covered by operating cash flow (32.5%).

Interest Coverage: P52's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


Dividend

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

3.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: P52's dividend (3.23%) is higher than the bottom 25% of dividend payers in the SG market (1.94%).

High Dividend: P52's dividend (3.23%) is low compared to the top 25% of dividend payers in the SG market (5.22%).


Stability and Growth of Payments

Stable Dividend: P52's dividend payments have been volatile in the past 10 years.

Growing Dividend: P52's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (118.2%), P52'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?

2.8yrs

Average management tenure


CEO

May Ng (53 yo)

10.58yrs

Tenure

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 serves as Independent Non-Executive Director of Singapore Technologies...


Leadership Team

Experienced Management: P52's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: P52's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


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

Pan-United Corporation Ltd's 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$217.542m
  • Shares outstanding: 701.75m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 15:33
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.