Market Cap
S$45.6m
Last Updated
2021/01/21 11:11 UTC
Data Sources
Company Financials
Executive Summary
TA Corporation Ltd, an investment holding company, operates in the property and construction business. More Details
Risk Analysis
Snowflake Analysis
Adequate balance sheet and overvalued.
Share Price & News
How has TA's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: Insufficient data to determine PA3's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine PA3's volatility change over the past year.
Market Performance
7 Day Return
-9.3%
PA3
1.9%
SG Construction
5.0%
SG Market
1 Year Return
-40.9%
PA3
-10.7%
SG Construction
23.7%
SG Market
Return vs Industry: PA3 underperformed the SG Construction industry which returned -11.5% over the past year.
Return vs Market: PA3 underperformed the SG Market which returned -9.9% over the past year.
Shareholder returns
| PA3 | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.3% | 1.9% | 5.0% |
| 30 Day | -28.5% | 9.2% | 20.5% |
| 90 Day | n/a | 13.4% | 27.0% |
| 1 Year | -40.9%-40.9% | -8.8%-10.7% | 28.4%23.7% |
| 3 Year | -63.9%-65.5% | -36.3%-41.4% | 57.9%42.3% |
| 5 Year | -65.1%-69.1% | -18.3%-29.3% | 100.9%72.1% |
Long-Term Price Volatility Vs. Market
How volatile is TA's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Estimating The Intrinsic Value Of TA Corporation Ltd (SGX:PA3)3 months ago | Simply Wall St
Is TA (SGX:PA3) A Risky Investment?7 months ago | Simply Wall St
Could TA Corporation Ltd's (SGX:PA3) Investor Composition Influence The Stock Price?Valuation
Is TA undervalued compared to its fair value and its price relative to the market?
0.34x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: PA3 (SGD0.09) is trading above our estimate of fair value (SGD0.09)
Significantly Below Fair Value: PA3 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PA3 is unprofitable, so we can't compare its PE Ratio to the SG Construction industry average.
PE vs Market: PA3 is unprofitable, so we can't compare its PE Ratio to the SG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PA3's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PA3 is good value based on its PB Ratio (0.3x) compared to the SG Construction industry average (0.6x).
Next Steps
Future Growth
How is TA forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
14.3%
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 TA 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.
Next Steps
- Examine TA's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- TA competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
Past Performance
How has TA performed over the past 5 years?
-9.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PA3 is currently unprofitable.
Growing Profit Margin: PA3 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PA3 is unprofitable, and losses have increased over the past 5 years at a rate of 9.7% per year.
Accelerating Growth: Unable to compare PA3's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PA3 is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (-24.8%).
Return on Equity
High ROE: PA3 has a negative Return on Equity (-22.99%), as it is currently unprofitable.
Next Steps
Financial Health
How is TA's financial position?
Financial Position Analysis
Short Term Liabilities: PA3's short term assets (SGD400.7M) exceed its short term liabilities (SGD398.4M).
Long Term Liabilities: PA3's short term assets (SGD400.7M) exceed its long term liabilities (SGD239.8M).
Debt to Equity History and Analysis
Debt Level: PA3's debt to equity ratio (293.3%) is considered high.
Reducing Debt: PA3's debt to equity ratio has increased from 147.5% to 293.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PA3 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PA3 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 25.5% per year.
Next Steps
Dividend
What is TA current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PA3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PA3's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PA3's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PA3's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PA3 is not paying a notable dividend for the SG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PA3's dividend in 3 years as they are not forecast to pay a notable one for the SG market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average board tenure
CEO
Tiam Boon Neo (57 yo)
no data
Tenure
Mr. Tiam Boon Neo, PBM serves as the Chief Executive Officer of TA Corporation Ltd and has been its Executive Director since March 7, 2011. Mr. Neo has been employed with TA since 1996 and has over 15 year...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | no data | no data | 33.62% SGD 15.3m | |
| CEO & Executive Director | no data | no data | 16.96% SGD 7.7m | |
| Lead Independent Director | 3.08yrs | no data | no data | |
| Independent Director | 9.33yrs | no data | no data | |
| Alternate Director | 1.75yrs | no data | 7.99% SGD 3.6m | |
| Alternate Director | 1.75yrs | no data | 16.14% SGD 7.4m | |
| Independent Director | 2.08yrs | no data | no data |
2.6yrs
Average Tenure
63.5yo
Average Age
Experienced Board: PA3's board of directors are not considered experienced ( 2.6 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
TA Corporation Ltd's company bio, employee growth, exchange listings and data sources
Key Information
- Name: TA Corporation Ltd
- Ticker: PA3
- Exchange: SGX
- Founded: 1972
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: S$45.590m
- Shares outstanding: 518.07m
- Website: https://www.tiongaik.com.sg
Location
- TA Corporation Ltd
- No. 03-03 New World Centre
- No. 1 Jalan Berseh
- Singapore
- 209037
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PA3 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Nov 2011 |
Biography
TA Corporation Ltd, an investment holding company, operates in the property and construction business. It provides various construction services that cover structural, architectural, mechanical, and electr...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 11:11 |
| End of Day Share Price | 2021/01/20 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.