SGX:S46

Stock Analysis Report

Executive Summary

San Teh Ltd, an investment holding company, engages in the PVC pipes and fittings, hotel, and property development and investment businesses in the People’s Republic of China.

Risk Analysis

Earnings have declined by -17.45% per year over past 5 years

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

Does not have a meaningful market cap (SGD94M)



Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

How has San Teh's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: S46's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

S46

-0.4%

SG Building

-1.5%

SG Market


1 Year Return

49.5%

S46

16.0%

SG Building

0.6%

SG Market

Return vs Industry: S46 exceeded the SG Building industry which returned 13.4% over the past year.

Return vs Market: S46 exceeded the SG Market which returned 2.1% over the past year.


Shareholder returns

S46IndustryMarket
7 Day0%-0.4%-1.5%
30 Day-1.8%10.9%0.6%
90 Day87.1%35.5%1.9%
1 Year49.5%49.5%16.5%16.0%4.7%0.6%
3 Year37.8%34.1%32.5%23.6%13.7%1.6%
5 Year-0.1%-6.8%21.9%4.2%11.4%-7.2%

Price Volatility Vs. Market

How volatile is San Teh's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is San Teh undervalued compared to its fair value and its price relative to the market?

0.56x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate S46's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate S46's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: S46 is unprofitable, so we can't compare its PE Ratio to the Building industry average.

PE vs Market: S46 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 S46's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: S46 is good value based on its PB Ratio (0.6x) compared to the SG Building industry average (0.6x).


Next Steps

Future Growth

How is San Teh forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.7%

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 San Teh 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

Past Performance

How has San Teh performed over the past 5 years?

-17.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: S46 is currently unprofitable.

Growing Profit Margin: S46 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: S46 is unprofitable, and losses have increased over the past 5 years at a rate of -17.4% per year.

Accelerating Growth: Unable to compare S46's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: S46 is unprofitable, making it difficult to compare its past year earnings growth to the Building industry (6.7%).


Return on Equity

High ROE: S46 has a negative Return on Equity (-5.98%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is San Teh's financial position?


Financial Position Analysis

Short Term Liabilities: S46's short term assets (SGD48.4M) exceed its short term liabilities (SGD12.9M).

Long Term Liabilities: S46's short term assets (SGD48.4M) exceed its long term liabilities (SGD631.0K).


Debt to Equity History and Analysis

Debt Level: S46 is debt free.

Reducing Debt: S46 had no debt 5 years ago.


Balance Sheet

Inventory Level: S46 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if S46's debt is covered by short term assets.


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: S46 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: S46 has sufficient cash runway for 2.9 years if free cash flow continues to reduce at historical rates of -102.9% each year.


Next Steps

Dividend

What is San Teh's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.5%markettop25%5.5%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate S46's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate S46'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 S46's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if S46's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: S46 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of S46'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 San Teh's salary, the management and board of directors tenure and is there insider trading?

5.2yrs

Average management tenure


CEO

Shawn Kao (45yo)

5.2yrs

Tenure

0

Mr. Chuan Chi Kao, also known as Shawn, has been the Executive Chairman and Chief Executive Officer of San Teh Ltd since September 1, 2014 and June 2014 respectively. Mr. Kao is an experienced investment a ...


Management Age and Tenure

5.2yrs

Average Tenure

44.5yo

Average Age

Experienced Management: S46's management team is seasoned and experienced (5.2 years average tenure).


Board Age and Tenure

10.6yrs

Average Tenure

65.5yo

Average Age

Experienced Board: S46's board of directors are seasoned and experienced ( 10.6 years average tenure).


Insider Trading

Insider Buying: S46 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellS$5,662,17029 Oct 19
Bin Choo
EntityIndividual
Shares20,222,064
Max PriceS$0.28
SellS$363,99929 Oct 19
Kim Young Gui
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares1,300,000
Max PriceS$0.28
SellS$1,721,14229 Oct 19
Wen Fu Chuang
EntityIndividual
Role
Member of the Board of Directors
Non Executive Independent Director
Shares6,146,944
Max PriceS$0.28
SellS$168,00029 Oct 19
Weishi Investment Pte Ltd
EntityCompany
Shares600,000
Max PriceS$0.28
SellS$363,99929 Oct 19
Lai Ching Chan
EntityIndividual
Shares1,300,000
Max PriceS$0.28

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Shawn Kao (45yo)

    Executive Chairman & CEO

    • Tenure: 5.2yrs
  • Ching Fong Nee Pan Kao (70yo)

    Finance Director & Executive Director

    • Tenure: 39yrs
  • Wee Tziang Lim (44yo)

    CFO & Company Secretary

    • Tenure: 3.3yrs
  • Chuan Trong Kao (39yo)

    MD & Executive Director

    • Tenure: 11.9yrs

Board Members

  • Kim Young Gui (79yo)

    Lead Independent Director

    • Tenure: 5.7yrs
  • Chuan Aun Ko (61yo)

    Non Executive Independent Director

    • Tenure: 9.3yrs
  • Wen Fu Chuang (74yo)

    Non Executive Independent Director

    • Tenure: 37.4yrs
  • Shawn Kao (45yo)

    Executive Chairman & CEO

    • Tenure: 5.2yrs
  • Ching Fong Nee Pan Kao (70yo)

    Finance Director & Executive Director

    • Tenure: 39yrs
  • Chuan Trong Kao (39yo)

    MD & Executive Director

    • Tenure: 11.9yrs

Company Information

San Teh Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: San Teh Ltd
  • Ticker: S46
  • Exchange: SGX
  • Founded: 1979
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: S$94.057m
  • Shares outstanding: 342.02m
  • Website: https://www.santehgroup.cn

Location

  • San Teh Ltd
  • No. 06-01, LHK Building
  • 701 Sims Drive
  • Singapore
  • 387383
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
S46SGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 1992

Biography

San Teh Ltd, an investment holding company, engages in the PVC pipes and fittings, hotel, and property development and investment businesses in the People’s Republic of China. It manufactures and sells U-PVC and PP-R pipes, and fittings for use in the building, sewage, water supply, and telecommunications sectors; owns and operates commercial and office buildings, shopping malls, apartments, and hotels; and develops residential properties and shop units. The company was founded in 1979 and is based in Singapore. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/21 12:38
End of Day Share Price2019/11/21 00:00
Earnings2019/09/30
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.