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Sarine Technologies

SGX:U77
Snowflake Description

Flawless balance sheet with high growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
U77
SGX
SGD205M
Market Cap
  1. Home
  2. SG
  3. Capital Goods
Company description

Sarine Technologies Ltd. develops, manufactures, markets, and sells precision technology products for the planning, processing, evaluation, and measurement of diamonds and gems worldwide. The last earnings update was 69 days ago. More info.


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  • Sarine Technologies has significant price volatility in the past 3 months.
U77 Share Price and Events
Price Volatility
U77
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Sarine Technologies's competitors could be found in our database.

Value

 Is Sarine Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sarine Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sarine Technologies.

SGX:U77 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:U77
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.6%
Equity Risk Premium S&P Global 7.4%
Machinery Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.856 (1 + (1- 23%) (0%))
0.856
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.56% + (0.856 * 7.44%)
8.93%

Discounted Cash Flow Calculation for SGX:U77 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sarine Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:U77 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 18.02 23.65 22.34 21.11 19.94
Source Analyst x1 Analyst x1 Est @ -5.53% Est @ -5.53% Est @ -5.53%
Present Value
Discounted (@ 8.93%)
16.54 19.93 17.29 14.99 13.00
Present value of next 5 years cash flows $81.75
SGX:U77 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $19.94 × (1 + 2.56%) ÷ (8.93% – 2.56%)
$321.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $321.09 ÷ (1 + 8.93%)5
$209.36
SGX:U77 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $81.75 + $209.36
$291.12
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $291.12 / 350.60
$0.83
SGX:U77 Discount to Share Price
Calculation Result
Exchange Rate USD/SGD
(Reporting currency to currency of SGX:U77)
1.378
Value per Share
(SGD)
= Value per Share in USD x Exchange Rate (USD/SGD)
= $0.83 x 1.378
SGD1.14
Value per share (SGD) From above. SGD1.14
Current discount Discount to share price of SGD0.59
= -1 x (SGD0.59 - SGD1.14) / SGD1.14
48.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Sarine Technologies is available for.
Intrinsic value
49%
Share price is SGD0.59 vs Future cash flow value of SGD1.14
Current Discount Checks
For Sarine Technologies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sarine Technologies's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sarine Technologies's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sarine Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sarine Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:U77 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in USD $0.02
SGX:U77 Share Price ** SGX (2018-10-19) in SGD SGD0.59
SGX:U77 Share Price converted to USD reporting currency Exchange rate (SGD/ USD) 0.726 $0.42
Singapore Machinery Industry PE Ratio Median Figure of 14 Publicly-Listed Machinery Companies 10.33x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 11.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sarine Technologies.

SGX:U77 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:U77 Share Price ÷ EPS (both in USD)

= 0.42 ÷ 0.02

20.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sarine Technologies is overvalued based on earnings compared to the SG Machinery industry average.
  • Sarine Technologies is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does Sarine Technologies's expected growth come at a high price?
Raw Data
SGX:U77 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
41.5%per year
Singapore Machinery Industry PEG Ratio Median Figure of 6 Publicly-Listed Machinery Companies 0.69x
Singapore Market PEG Ratio Median Figure of 128 Publicly-Listed Companies 1.06x

*Line of best fit is calculated by linear regression .

SGX:U77 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.35x ÷ 41.5%

0.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sarine Technologies is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Sarine Technologies's assets?
Raw Data
SGX:U77 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in USD $0.21
SGX:U77 Share Price * SGX (2018-10-19) in SGD SGD0.59
SGX:U77 Share Price converted to USD reporting currency Exchange rate (SGD/ USD) 0.726 $0.42
Singapore Machinery Industry PB Ratio Median Figure of 22 Publicly-Listed Machinery Companies 0.71x
Singapore Market PB Ratio Median Figure of 430 Publicly-Listed Companies 0.74x
SGX:U77 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:U77 Share Price ÷ Book Value per Share (both in USD)

= 0.42 ÷ 0.21

2.06x

* Primary Listing of Sarine Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sarine Technologies is overvalued based on assets compared to the SG Machinery industry average.
X
Value checks
We assess Sarine Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Sarine Technologies has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
41.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sarine Technologies expected to grow at an attractive rate?
  • Sarine Technologies's earnings growth is expected to exceed the low risk savings rate of 2.6%.
Growth vs Market Checks
  • Sarine Technologies's earnings growth is expected to exceed the Singapore market average.
  • Sarine Technologies's revenue growth is expected to exceed the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:U77 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:U77 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 41.5%
SGX:U77 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 19%
Singapore Machinery Industry Earnings Growth Rate Market Cap Weighted Average 37.3%
Singapore Machinery Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.8%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 5.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:U77 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:U77 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 104 29 29 1
2019-12-31 85 23 23 3
2018-12-31 76 18 18 2
SGX:U77 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-06-30 59 10 7
2018-03-31 59 13 6
2017-12-31 59 11 6
2017-09-30 65 13 10
2017-06-30 71 20 15
2017-03-31 73 23 17
2016-12-31 73 22 18
2016-09-30 66 19 14
2016-06-30 58 15 9
2016-03-31 52 9 6
2015-12-31 48 6 4
2015-09-30 54 12 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sarine Technologies's earnings are expected to grow significantly at over 20% yearly.
  • Sarine Technologies's revenue is expected to grow by 19% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:U77 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Sarine Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:U77 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.08 0.08 0.08 1.00
2019-12-31 0.06 0.07 0.06 3.00
2018-12-31 0.05 0.05 0.05 2.00
SGX:U77 Past Financials Data
Date (Data in USD Millions) EPS *
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.02
2017-09-30 0.03
2017-06-30 0.04
2017-03-31 0.05
2016-12-31 0.05
2016-09-30 0.04
2016-06-30 0.03
2016-03-31 0.02
2015-12-31 0.01
2015-09-30 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Sarine Technologies is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Sarine Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sarine Technologies has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Sarine Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sarine Technologies's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sarine Technologies's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Sarine Technologies's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sarine Technologies's 1-year earnings growth is negative, it can't be compared to the SG Machinery industry average.
Earnings and Revenue History
Sarine Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sarine Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:U77 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 58.84 7.32 19.53 9.57
2018-03-31 59.03 6.42 19.68 10.17
2017-12-31 58.64 5.76 19.41 10.52
2017-09-30 64.62 10.14 19.65 11.22
2017-06-30 70.59 14.66 19.14 11.62
2017-03-31 73.31 17.47 18.87 11.31
2016-12-31 72.52 17.98 18.24 10.84
2016-09-30 66.00 14.47 17.22 10.65
2016-06-30 58.23 9.04 16.79 10.45
2016-03-31 51.78 5.68 16.19 10.44
2015-12-31 48.45 3.59 16.49 10.56
2015-09-30 54.38 6.01 17.28 10.74
2015-06-30 65.26 13.13 17.98 10.75
2015-03-31 75.55 19.02 18.51 10.76
2014-12-31 87.77 27.23 18.34 10.62
2014-09-30 86.12 27.80 18.26 10.37
2014-06-30 83.11 25.19 17.71 10.00
2014-03-31 80.53 24.90 16.94 9.23
2013-12-31 76.37 23.89 16.42 8.37
2013-09-30 73.89 23.25 15.58 7.66
2013-06-30 68.26 22.70 14.23 6.87
2013-03-31 64.28 20.99 13.28 6.37
2012-12-31 63.75 20.76 12.75 6.18
2012-09-30 63.62 21.73 12.13 6.01
2012-06-30 67.78 23.46 12.12 5.92
2012-03-31 65.24 21.90 11.97 5.96
2011-12-31 57.80 17.37 11.25 5.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sarine Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sarine Technologies used its assets more efficiently than the SG Machinery industry average last year based on Return on Assets.
  • Sarine Technologies's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Sarine Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sarine Technologies has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Sarine Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sarine Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sarine Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sarine Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sarine Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Sarine Technologies has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sarine Technologies Company Filings, last reported 3 months ago.

SGX:U77 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 72.30 0.00 32.06
2018-03-31 74.03 0.00 35.49
2017-12-31 70.72 0.00 29.12
2017-09-30 69.91 0.00 27.82
2017-06-30 77.78 0.00 37.15
2017-03-31 82.80 0.00 40.94
2016-12-31 79.31 0.00 37.99
2016-09-30 74.20 0.00 34.85
2016-06-30 76.45 0.00 37.43
2016-03-31 75.32 0.00 36.53
2015-12-31 71.53 0.00 32.60
2015-09-30 69.90 0.00 31.75
2015-06-30 77.05 0.00 37.39
2015-03-31 81.92 0.00 47.28
2014-12-31 79.63 0.00 45.50
2014-09-30 76.20 0.00 40.66
2014-06-30 80.11 0.00 46.48
2014-03-31 77.48 0.00 42.72
2013-12-31 67.33 0.00 33.06
2013-09-30 62.17 0.00 26.58
2013-06-30 71.93 0.00 43.02
2013-03-31 67.27 0.00 40.22
2012-12-31 56.14 0.00 36.30
2012-09-30 59.01 0.00 37.50
2012-06-30 60.21 0.00 41.94
2012-03-31 56.48 0.00 41.33
2011-12-31 48.20 0.00 33.46
  • Sarine Technologies has no debt.
  • Sarine Technologies has not taken on any debt in the past 5 years.
  • Sarine Technologies has no debt, it does not need to be covered by operating cash flow.
  • Sarine Technologies has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Sarine Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sarine Technologies has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.07%
Current annual income from Sarine Technologies dividends. Estimated to be 11.1% next year.
If you bought SGD2,000 of Sarine Technologies shares you are expected to receive SGD141 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Sarine Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.62%).
  • Sarine Technologies's dividend is above the markets top 25% of dividend payers in Singapore (6.33%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:U77 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Singapore Machinery Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 3.6%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 284 Stocks 4.2%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.5%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.6%
Singapore Top 25% Dividend Yield 75th Percentile 6.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:U77 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.06 1.00
2019-12-31 0.05 3.00
2018-12-31 0.04 2.00
SGX:U77 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-04-09 0.030 4.868
2018-02-26 0.030 3.394
2017-11-13 0.040 5.160
2017-08-07 0.040 4.687
2017-04-06 0.040 3.278
2017-02-27 0.040 3.084
2016-08-08 0.035 2.776
2016-04-04 0.030 2.388
2016-02-29 0.030 2.445
2015-11-09 0.030 2.920
2015-08-11 0.030 2.779
2015-04-02 0.060 3.780
2015-02-23 0.060 2.989
2014-11-10 0.050 2.465
2014-10-15 0.050 2.140
2014-08-12 0.050 2.099
2014-04-30 0.065 3.051
2014-04-16 0.060 2.704
2014-02-26 0.060 3.127
2013-08-05 0.055 3.860
2012-12-11 0.045 4.247
2011-11-14 0.018 2.444
2011-08-10 0.016 3.063
2011-04-27 0.016 2.977
2010-11-08 0.020 5.603
2010-10-15 0.020 6.222
2010-08-10 0.020 5.381
2010-04-15 0.006 1.762
2010-02-26 0.006 1.865
2009-11-09 0.000 0.000
2009-08-11 0.000 0.000
2009-05-11 0.000 0.000
2009-04-14 0.000 0.000
2009-02-23 0.000 0.000
2008-10-21 0.014 20.194

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Sarine Technologies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Sarine Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sarine Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sarine Technologies has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Sarine Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Block, image provided by Google.
David Block
AGE 43
TENURE AS CEO 1.4 years
CEO Bio

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 Technologies Ltd. since 2012. Mr. Block serves as a Executive Vice President of Sarine Technologies Ltd. Mr. Block served as the Chief Operating Officer at Sarine Technologies Ltd. He has been with Sarin Technologies Ltd since 2002 and is primarily responsible for defining products related to the manufacturing field. His scope of work includes determining the needs of the market and producing specifications to meet such market needs for R&D department. He served as Deputy Chief Executive Officer and Vice President of Sales at Sarin Technologies Ltd. since June 2009. He served as the Chief Executive Officer of Sarin Technologies India Private Limited, a subsidiary of Sarin Technologies Ltd. since January 2006. He served as Product Manager for Manufacturing Markets of Sarin Technologies Ltd. Prior to joining Sarin Technologies Ltd., from 2001 to 2002, he was a Programmer in CastUp Inc., and was responsible for quality assurance. Since 2001, he was responsible for establishing the quality control department in Pango Systems B.V. From 1999 to 2000, Mr. Block was a Technical Writer responsible for establishing and developing the multimedia department in R.O.R. Ltd and also managed large-scale projects for several major Israeli high-tech companies. He has been a Director of Sarin Holdings USA Ltd since May 30, 2012 and Sarin IGT 10I Inc since November 2012. He serves as a Director of Sarin North America Inc. and Sarin IGT 10H Inc. He is a qualified Electrical Technician from the `Ort Shapira Technical College in Israel. Mr. Block holds a Bachelor's degree in Computer Science from the Tel-Aviv- Jaffa Academic College in Israel.

CEO Compensation
  • Insufficient data for David to compare compensation growth.
  • Insufficient data for David to establish whether their remuneration is reasonable compared to companies of similar size in Singapore.
Management Team Tenure

Average tenure and age of the Sarine Technologies management team in years:

2
Average Tenure
62
Average Age
  • The average tenure for the Sarine Technologies management team is less than 2 years, this suggests a new team.
Management Team

Daniel Glinert

TITLE
Executive Chairman
COMPENSATION
$522K
AGE
67

David Block

TITLE
Chief Executive Officer
AGE
43
TENURE
1.4 yrs

Bill Kessler

TITLE
Chief Financial Officer
AGE
52
TENURE
9.4 yrs

Oren Ben-Kochav

TITLE
Vice President of Global Operations
TENURE
1.8 yrs

Avi Kerner

TITLE
CTO and Group's VP of Research & Development
AGE
62
TENURE
14.8 yrs

Bill Weisel

TITLE
General Counsel
AGE
64
TENURE
2.2 yrs

Michael Goren

TITLE
Vice President of Global Sales & Marketing

Ron Ben-Ari

TITLE
Deputy CEO & VP of Product Management
TENURE
0.5 yrs

Noy Elram

TITLE
Managing Director of Sarin Hong Kong Limited

Amir Zolty

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the Sarine Technologies board of directors in years:

11.2
Average Tenure
62
Average Age
  • The average tenure for the Sarine Technologies board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Philip Chan

TITLE
Lead Independent Director
COMPENSATION
$129K
AGE
55

Daniel Glinert

TITLE
Executive Chairman
COMPENSATION
$522K
AGE
67
TENURE
19.8 yrs

Valerie Ong

TITLE
Independent Director
COMPENSATION
$129K
AGE
53
TENURE
13.6 yrs

Yehezkel Blum

TITLE
Independent Director
COMPENSATION
$155K
AGE
64
TENURE
13.6 yrs

Eyal Mashiah

TITLE
Member of Advisory Board
COMPENSATION
$369K
AGE
57
TENURE
0.7 yrs

Avraham Eshed

TITLE
Non-Executive Director
COMPENSATION
$9K
AGE
72
TENURE
12.5 yrs

Uzi Levami

TITLE
Non-Executive Director
COMPENSATION
$840K
AGE
67
TENURE
9.8 yrs

Varda Shine

TITLE
Non-Executive & Independent Director and Member of Advisory Board
AGE
54
TENURE
1.4 yrs

Jim Fernandez

TITLE
Member of Advisory Board
AGE
62
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Value (USD)
05. Jun 18 Sell FIL Limited Company 01. Jun 18 01. Jun 18 -350,000 $-250,168.10
31. Jan 18 Buy Axxion S.A. Company 06. Dec 17 06. Dec 17 5,749,900 $4,052,725.02
31. Jan 18 Buy Axxion S.A. Company 23. Jan 18 23. Jan 18 1,680,000 $1,467,481.68
05. Dec 17 Buy Axxion S.A. Company 30. Nov 17 30. Nov 17 23,265,100 $16,743,939.00
03. Dec 17 Sell Mondrian Investment Partners Limited Company 30. Nov 17 30. Nov 17 -29,314,700 $-21,097,848.22
21. Nov 17 Sell FIL Limited Company 17. Nov 17 17. Nov 17 -88,200 $-60,827.22
X
Management checks
We assess Sarine Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sarine Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Simply Wall St News

Are Insiders Pessimistic About Sarine Technologies Ltd (SGX:U77) Stock?

some insider selling over the past three months, with insiders divesting from. … It is widely considered that insider selling stock in their own companies is potentially a bearish signal. … A two-decade research published in The MIT Press (1998) showed that stocks following insider selling declined 2.7% relative to the market

Simply Wall St -

How Has Sarine Technologies Ltd's (SGX:U77) Earnings Fared Against The Long Term Trend

Understanding how Sarine Technologies Ltd (SGX:U77) is performing as a company requires looking at more than just a years' earnings. … Today I will run you through a basic sense check to gain perspective on how Sarine Technologies is doing by comparing its latest earnings with its long-term trend as well as the performance of its machinery industry peers. … View our latest analysis for Sarine Technologies?

Simply Wall St -

What is Behind Sarine Technologies Ltd's (SGX:U77) Superior ROE?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between Sarine Technologies Ltd (SGX:U77)’s return fundamentals and stock market performance. … With an ROE of 8.67%, Sarine Technologies Ltd (SGX:U77) returned in-line to its own industry which delivered 6.83% over the past year.

Simply Wall St -

Should You Buy Sarine Technologies Ltd (SGX:U77) Based On These Aspects?

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … financial health as well as

Simply Wall St -

Is Sarine Technologies Ltd's (SGX:U77) 8.67% ROE Strong Compared To Its Industry?

and want to begin learning the link between Sarine Technologies Ltd (SGX:U77)’s return fundamentals and stock market performance. … Sarine Technologies Ltd (SGX:U77) outperformed the industrial machinery industry on the basis of its ROE – producing a higher 8.67% relative to the peer average of 5.43% over the past 12 months. … Return on Equity (ROE) weighs Sarine Technologies’s profit against the level of its shareholders’ equity.

Simply Wall St -

Should You Buy Sarine Technologies Ltd (SGX:U77) At $1.03?

Sarine Technologies Ltd (SGX:U77), a machinery company based in Israel, received a lot of attention from a substantial price movement on the SGX over the last few months, increasing to SGD1.28 at one point, and dropping to the lows of SGD1.02. … Let’s take a look at Sarine Technologies’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … It’s trading around 7.41% below my intrinsic value, which means if you buy Sarine Technologies today, you’d be paying a reasonable price for it.

Simply Wall St -

Read This Before Buying Sarine Technologies Ltd (SGX:U77) For Its Upcoming $0.02 Dividend

On the 10 May 2018, Sarine Technologies Ltd (SGX:U77) will be paying shareholders an upcoming dividend amount of $0.02 per share. … Check out our latest analysis for Sarine Technologies How I analyze a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is it the top 25% annual dividend yield payer? … Compared to its peers, Sarine Technologies produces a yield of 3.60%, which is high for Machinery stocks but still below the market's top dividend payers.

Simply Wall St -

Sarine Technologies Ltd (SGX:U77): Does The -67.94% Earnings Drop Reflect A Longer Term Trend?

See our latest analysis for Sarine Technologies Was U77's weak performance lately a part of a long-term decline? … For Sarine Technologies, its most recent trailing-twelve-month earnings is US$5.76M, which, against the prior year's level, has declined by a significant -67.94%. … This implies that Sarine Technologies has been ramping up expenses, which is hurting margins and earnings, and is not a sustainable practice.

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What Do Analysts Think About Sarine Technologies Ltd's (SGX:U77) Long Term Outlook?

Below, I've presented key growth figures on how market analysts predict Sarine Technologies's earnings growth trajectory over the next few years and whether the future looks brighter. … See our latest analysis for Sarine Technologies Market analysts' consensus outlook for the coming year seems positive, with earnings growth more than doubling. … This means, we can anticipate Sarine Technologies will grow its earnings by 41.67% every year for the next couple of years.

Simply Wall St -

How Did Sarine Technologies Ltd's (SGX:U77) 8.15% ROE Fare Against The Industry?

View our latest analysis for Sarine Technologies Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) is a measure of Sarine Technologies’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Sarine Technologies’s equity capital deployed. … Since Sarine Technologies’s return does not cover its cost, with a difference of -0.73%, this means its current use of equity is not efficient and not sustainable.

Simply Wall St -

Company Info

Map
Description

Sarine Technologies Ltd. develops, manufactures, markets, and sells precision technology products for the planning, processing, evaluation, and measurement of diamonds and gems worldwide. It provides DiaExpert Edge, a 3D modeling technology; Sarine Connect to search and display of diamonds and jewelry; Sarine Allegro for evaluating, planning, and shaping rough gemstones; and Solaris 100, Galaxy XL, Galaxy Ultra, and Galaxy 1000 to detect and map internal features in rough diamonds. The company also offers DiaScan S+ for the geometrical measurement and modelling of diamonds; Galaxy Meteor for the small stone segment of rough diamonds; Advisor rough planning software; Instructor, a polished diamond analysis and grading software; GIA Facetware; and DiaScribe, a laser inscription system. In addition, it provides DiaMension HD for diamonds geometrical measurements; DiaMension AXIOM, a diamond scanner; DiaMark HD to inscribe corrective polishing instructions on diamonds; American Gem Society cut grading optional software; and Sarine Light performance reports. Further, the company offers Sarine Light; Turnstile; Strategist; Quazer Shaping, a laser sawing solution; Quazer industrial cutting and TruScan solutions; Inclusion Charting tool; and DiaMark Z to engrave cutting instructions on rough diamonds. Additionally, it provides DiaMark Light Edition to inscribe finer laser lines; DiaExpert Nano and DiaExpert Atom that are rough planning and marking systems; DiaExpert Eye that scans rough diamonds; DiaExpert, a rough diamond planning system; Best Value; Galaxy 2000 to revolutionize rough diamond trading; Quazer 3, a laser sawing and shaping system; Sarine Loupe, a diamond imaging solution; and DiaMobile XL for evaluating and planning rough diamonds. The company was formerly known as Sarin Technologies Limited and changed its name to Sarine Technologies Ltd. in January 2014. Sarine Technologies Ltd. was founded in 1988 and is headquartered in Hod Hasharon, Israel.

Details
Name: Sarine Technologies Ltd.
U77
Exchange: SGX
Founded: 1988
SGD205,098,499
350,595,726
Website: http://www.sarine.com
Address: Sarine Technologies Ltd.
4 Haharash Street,
Hod Hasharon,
4524075,
Israel
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX U77 Ordinary Shares Singapore Exchange SG SGD 08. Apr 2005
OTCPK SILL.F Ordinary Shares Pink Sheets LLC US USD 08. Apr 2005
DB SRY Ordinary Shares Deutsche Boerse AG DE EUR 08. Apr 2005
Number of employees
Current staff
Staff numbers
0
Sarine Technologies employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/20 11:38
End of day share price update: 2018/10/19 00:00
Last estimates confirmation: 2018/07/17
Last earnings filing: 2018/08/12
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.