Market Cap
S$77.2m
Last Updated
2020/01/24 13:02 UTC
Data Sources
Company Financials
Executive Summary
TA Corporation Ltd, an investment holding company, operates in the property and construction business.
Risk Analysis
Earnings have declined by -35.31% per year over past 5 years
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 1 more risk
Snowflake Analysis
Imperfect 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: PA3 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
PA3
-1.6%
SG Construction
-1.5%
SG Market
1 Year Return
-25.5%
PA3
-10.3%
SG Construction
0.6%
SG Market
Return vs Industry: PA3 underperformed the SG Construction industry which returned -7.1% over the past year.
Return vs Market: PA3 underperformed the SG Market which returned 2.2% over the past year.
Shareholder returns
| PA3 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -1.6% | -1.5% |
| 30 Day | -6.9% | 1.7% | 0.6% |
| 90 Day | -2.0% | 2.8% | 1.9% |
| 1 Year | -25.5%-25.5% | -8.1%-10.3% | 4.7%0.6% |
| 3 Year | -31.2%-36.6% | -14.6%-22.0% | 13.7%1.6% |
| 5 Year | -34.2%-43.8% | -39.5%-48.8% | 11.4%-7.2% |
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
4 days ago | Simply Wall St
Health Check: How Prudently Does TA (SGX:PA3) Use Debt?1 month ago | Simply Wall St
What Kind Of Investor Owns Most Of TA Corporation Ltd (SGX:PA3)?3 months ago | Simply Wall St
The TA (SGX:PA3) Share Price Is Down 53% So Some Shareholders Are Wishing They SoldValuation
Is TA undervalued compared to its fair value and its price relative to the market?
0.48x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate PA3's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate PA3's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: PA3 is unprofitable, so we can't compare its PE Ratio to the 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 (0.5x) 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?
11.7%
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
- Take a look at our analysis of PA3’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- 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?
-35.3%
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 -35.3% 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 (-53.3%).
Return on Equity
High ROE: PA3 has a negative Return on Equity (-7.97%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is TA's financial position?
Financial Position Analysis
Short Term Liabilities: PA3's short term assets (SGD392.9M) exceed its short term liabilities (SGD315.3M).
Long Term Liabilities: PA3's short term assets (SGD392.9M) exceed its long term liabilities (SGD285.4M).
Debt to Equity History and Analysis
Debt Level: PA3's debt to equity ratio (240.9%) is considered high.
Reducing Debt: PA3's debt to equity ratio has increased from 136.5% to 240.9% over the past 5 years.
Balance Sheet
Inventory Level: PA3 has a high level of physical assets or inventory.
Debt Coverage by Assets: PA3's debt is covered by short term assets (assets are 1x debt).
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: PA3 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PA3 has less than a year of cash runway if free cash flow continues to reduce at historical rates of -63.4% each year
Next Steps
Dividend
What is TA's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate PA3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate PA3's dividend yield against the top 25% of dividend payers, as the company has not reported any 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
What is the CEO of TA's salary, the management and board of directors tenure and is there insider trading?
5.2yrs
Average board tenure
CEO
Tiam Neo (56yo)
0yrs
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 Age and Tenure
5.2yrs
Average Tenure
61.5yo
Average Age
Experienced Board: PA3's board of directors are considered experienced (5.2 years average tenure).
Insider Trading
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 been diluted in the past year, with total shares outstanding growing by 2.4%.
Management Team
Soon Soo Foo (60yo)
Company Secretary
Ming Choo Yap (60yo)
CFO & Company Secretary
- Tenure: 9.1yrs
Tiam Neo (56yo)
CEO & Executive Director
Yew Seng Chow (63yo)
Executive Director of Tiong Aik Construction
Yong Joo Goh (50yo)
Chief Executive Officer of Aston Air Control
Kiam Teck Liong (67yo)
Executive Chairman
Wendy Liong (36yo)
Assistant General Manager of Business Development & Property
Kian Lee Neo
Executive Officer
Bing Hao Neo
Executive Officer
Board Members
Boo Fong Heng (69yo)
Lead Independent Director
- Tenure: 2.1yrs
Tiam Neo (56yo)
CEO & Executive Director
Mervyn Goh (54yo)
Independent Director
- Tenure: 8.3yrs
Kiam Teck Liong (67yo)
Executive Chairman
Teng Pang
Independent Director
- Tenure: 1.1yrs
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$77.192m
- 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 electrical works, as well as interior fitting-out works, external works, and landscaping activities. The company also designs, installs, and maintains air conditioning and mechanical ventilation systems; offers general engineering services, and concrete precast components; and sells construction materials. In addition, it engages in the fabrication of metal frameworks; erection of building structural steels; leasing of construction machinery; and provision of training and testing services for construction workers. Further, the company engages in the development of residential and commercial projects; and provision of project management services. Additionally, it is involved in the rental or/and management of investment properties, including workers’ dormitories, commercial units, and industrial properties; and sale and distribution of petroleum based lubricant products, automotive tires, and commercial vehicles. The company was founded in 1972 and is based in Singapore.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/24 13:02 |
| End of Day Share Price | 2020/01/16 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.