SGX:U77

Stock Analysis Report

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Executive Summary

Sarine Technologies Ltd. develops, manufactures, markets, and sells precision technology products for the planning, processing, evaluation, and measurement of diamonds and gems in worldwide.


Snowflake Analysis

Flawless balance sheet and slightly overvalued.

Share Price & News

How has Sarine Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: U77 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.9%

U77

4.2%

SG Machinery

0.5%

SG Market


1 Year Return

-12.2%

U77

-21.8%

SG Machinery

-19.5%

SG Market

Return vs Industry: U77 exceeded the SG Machinery industry which returned -21.8% over the past year.

Return vs Market: U77 exceeded the SG Market which returned -19.5% over the past year.


Shareholder returns

U77IndustryMarket
7 Day4.9%4.2%0.5%
30 Day0%0.8%-3.0%
90 Day-12.2%-8.6%-0.2%
1 Year-7.9%-12.2%-19.6%-21.8%-15.3%-19.5%
3 Year-82.6%-85.2%-41.0%-45.6%-14.8%-24.9%
5 Year-82.6%-86.0%-41.0%-47.4%-3.3%-20.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Sarine Technologies undervalued compared to its fair value and its price relative to the market?

0.92x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: U77 (SGD0.22) is trading above our estimate of fair value (SGD0.05)

Significantly Below Fair Value: U77 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: U77 is good value based on its PE Ratio (-40x) compared to the SG Machinery industry average (10.4x).

PE vs Market: U77 is good value based on its PE Ratio (-40x) compared to the SG market (12.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate U77's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: U77 is overvalued based on its PB Ratio (0.9x) compared to the SG Machinery industry average (0.5x).


Next Steps

Future Growth

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

12.0%

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 Sarine Technologies 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 Sarine Technologies performed over the past 5 years?

-31.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: U77 has high quality earnings.

Growing Profit Margin: U77 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: U77's earnings have declined by 31.6% per year over the past 5 years.

Accelerating Growth: U77 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: U77 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (0.3%).


Return on Equity

High ROE: U77's Return on Equity (4.4%) is considered low.


Next Steps

Financial Health

How is Sarine Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: U77's short term assets ($49.6M) exceed its short term liabilities ($9.8M).

Long Term Liabilities: U77's short term assets ($49.6M) exceed its long term liabilities ($5.5M).


Debt to Equity History and Analysis

Debt Level: U77 is debt free.

Reducing Debt: U77 has not had any debt for past 5 years.

Debt Coverage: U77 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: U77 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Sarine Technologies's current dividend yield, its reliability and sustainability?

3.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: U77's dividend (3.83%) is higher than the bottom 25% of dividend payers in the SG market (2.67%).

High Dividend: U77's dividend (3.83%) is low compared to the top 25% of dividend payers in the SG market (5.97%).


Stability and Growth of Payments

Stable Dividend: U77's dividend payments have been volatile in the past 10 years.

Growing Dividend: U77's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: U77 is paying a dividend but the company is unprofitable.


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?

3.6yrs

Average management tenure


CEO

David Block (45 yo)

3.25yrs

Tenure

US$639,000

Compensation

Mr. David Sydney Block has been Chief Executive Officer of Sarine Technologies Ltd., since May 01, 2017. Mr. Block served as the Group Chief Operating Officer and Deputy Chief Executive Officer at Sarine ...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD465.61K) is above average for companies of similar size in the SG market ($USD357.86K).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Daniel Glinert
Executive Chairman & Member of Advisory Board21.58yrsUS$349.00k3.53%
$ 2.7m
David Block
Chief Executive Officer3.25yrsUS$639.00kno data
William Kessler
Chief Financial Officer11.25yrsno datano data
Oren Ben-Kochav
Vice President of Global Operations3.58yrsno datano data
Abraham Kerner
CTO and Group's VP of Research & Development16.58yrsno datano data
William Weisel
General Counsel4yrsno datano data
Michael Goren
Vice President of Global Sales & Marketing2.58yrsno datano data
Ron Ben-Ari
Deputy CEO & VP of Product Management2.33yrsno datano data
Yoav Efrat
Managing Director of Sarin India3.58yrsno datano data
Noy Elram
Managing Director of Sarin Hong Kong Limited2.17yrsno datano data
Amir Zolty
Company Secretaryno datano datano data

3.6yrs

Average Tenure

64yo

Average Age

Experienced Management: U77's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Daniel Glinert
Executive Chairman & Member of Advisory Board21.58yrsUS$349.00k3.53%
$ 2.7m
James Fernandez
Member of Advisory Board2.5yrsno datano data
Boon Ann Sin
Independent Director0.17yrno datano data
Varda Shine
Lead Independent Director & Member of Advisory Board0.17yrUS$115.00kno data
Avraham Eshed
Non-Executive Director14.33yrsUS$8.00k4.32%
$ 3.3m
Uzi Levami
Non-Executive Director11.67yrsUS$23.00k3.53%
$ 2.7m
Yong Sheng Lim
Independent Director0.17yrno datano data
Talia Stark-Ronen
Non-Executive Director0.17yrno datano data
Neta Hashai
Independent Director0.17yrno datano data

0.2yrs

Average Tenure

62yo

Average Age

Experienced Board: U77's board of directors are not considered experienced ( 0.2 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Sarine Technologies Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sarine Technologies Ltd.
  • Ticker: U77
  • Exchange: SGX
  • Founded: 1988
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: S$75.210m
  • Shares outstanding: 349.81m
  • Website: https://sarine.com

Location

  • Sarine Technologies Ltd.
  • 4 Haharash Street
  • Hod HaSharon
  • 4524075
  • Israel

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
U77SGX (Singapore Exchange)YesOrdinary SharesSGSGDApr 2005
SRYDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2005
SILL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 2005

Biography

Sarine Technologies Ltd. develops, manufactures, markets, and sells precision technology products for the planning, processing, evaluation, and measurement of diamonds and gems in worldwide. It provides Di ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/10 12:38
End of Day Share Price2020/08/07 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.