TA Corporation Ltd

SGX:PA3 Stock Report

Market Cap: S$37.8m

TA Past Earnings Performance

Past criteria checks 2/6

TA's earnings have been declining at an average annual rate of -4.5%, while the Construction industry saw earnings growing at 16.7% annually. Revenues have been growing at an average rate of 11.4% per year. TA's return on equity is 31.6%, and it has net margins of 3.3%.

Key information

-4.5%

Earnings growth rate

-4.0%

EPS growth rate

Construction Industry Growth16.7%
Revenue growth rate11.4%
Return on equity31.6%
Net Margin3.3%
Last Earnings Update31 Dec 2022

Recent past performance updates

We Think TA's (SGX:PA3) Profit Is Only A Baseline For What They Can Achieve

Mar 07
We Think TA's (SGX:PA3) Profit Is Only A Baseline For What They Can Achieve

Recent updates

TA Corporation Ltd's (SGX:PA3) P/S Is On The Mark

Jul 19
TA Corporation Ltd's (SGX:PA3) P/S Is On The Mark

Here's Why TA (SGX:PA3) Has A Meaningful Debt Burden

May 26
Here's Why TA (SGX:PA3) Has A Meaningful Debt Burden

We Think TA's (SGX:PA3) Profit Is Only A Baseline For What They Can Achieve

Mar 07
We Think TA's (SGX:PA3) Profit Is Only A Baseline For What They Can Achieve

TA's (SGX:PA3) Returns Have Hit A Wall

Mar 01
TA's (SGX:PA3) Returns Have Hit A Wall

Returns On Capital At TA (SGX:PA3) Have Stalled

Oct 27
Returns On Capital At TA (SGX:PA3) Have Stalled

Is TA (SGX:PA3) Weighed On By Its Debt Load?

Apr 08
Is TA (SGX:PA3) Weighed On By Its Debt Load?

Is TA (SGX:PA3) A Risky Investment?

Nov 16
Is TA (SGX:PA3) A Risky Investment?

Is TA (SGX:PA3) Using Too Much Debt?

May 07
Is TA (SGX:PA3) Using Too Much Debt?

Estimating The Intrinsic Value Of TA Corporation Ltd (SGX:PA3)

Jan 14
Estimating The Intrinsic Value Of TA Corporation Ltd (SGX:PA3)

Revenue & Expenses Breakdown

How TA makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SGX:PA3 Revenue, expenses and earnings (SGD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2236612220
30 Sep 22304-2210
30 Jun 22243-17210
31 Mar 22230-27210
31 Dec 21218-37210
30 Sep 21205-41210
30 Jun 21191-46220
31 Mar 21176-51220
31 Dec 20162-56230
30 Sep 20181-42240
30 Jun 20197-31250
31 Mar 20202-21250
31 Dec 19198-11250
30 Sep 19164-16250
30 Jun 19138-19230
31 Mar 19134-18230
31 Dec 18135-15230
30 Sep 18166-14220
30 Jun 18187-12210
31 Mar 18193-22210
31 Dec 17219-19210
30 Sep 17215-12210
30 Jun 17214-18210
31 Mar 17219-7210
31 Dec 16194-7210
30 Sep 16200-7200
30 Jun 16221-16200
31 Mar 16245-22190
31 Dec 15277-24180
30 Sep 15304-23180
30 Jun 153133180
31 Mar 1530616180
31 Dec 1430420190
30 Sep 1429526190
30 Jun 1428322180
31 Mar 1428623170
31 Dec 1329729160
30 Sep 1331228180
30 Jun 1333933200
31 Mar 1335537210
31 Dec 1237140220

Quality Earnings: PA3 has a large one-off gain of SGD16.1M impacting its last 12 months of financial results to 31st December, 2022.

Growing Profit Margin: PA3 became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: PA3 has become profitable over the past 5 years, growing earnings by -4.5% per year.

Accelerating Growth: PA3 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PA3 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (32.5%).

Return on Equity

High ROE: Whilst PA3's Return on Equity (31.56%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/10/11 10:52
End of Day Share Price 2023/07/14 00:00
Earnings2022/12/31
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TA Corporation Ltd is covered by 1 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jinshu LiuTayrona Financial