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Cityneon Holdings

SGX:5HJ
Snowflake Description

Solid track record and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5HJ
SGX
SGD316M
Market Cap
  1. Home
  2. SG
  3. Commercial Services
Company description

Cityneon Holdings Limited provides interior architecture, experiential environment, event, and exhibition services to multinational corporations, governments, and private sector organizations worldwide. The last earnings update was 64 days ago. More info.


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5HJ Share Price and Events
7 Day Returns
0%
SGX:5HJ
0.1%
SG Commercial Services
2.5%
SG Market
1 Year Returns
25.2%
SGX:5HJ
-31.8%
SG Commercial Services
-10.9%
SG Market
5HJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cityneon Holdings (5HJ) 0% -0.8% 5.7% 25.2% 369.1% 578.9%
SG Commercial Services 0.1% -0.1% -11.9% -31.8% -22.5% -49.5%
SG Market 2.5% 3.5% 3.6% -10.9% 14.6% -3.6%
1 Year Return vs Industry and Market
  • 5HJ outperformed the Commercial Services industry which returned -31.8% over the past year.
  • 5HJ outperformed the Market in Singapore which returned -10.9% over the past year.
Price Volatility
5HJ
Industry
5yr Volatility vs Market

5HJ Value

 Is Cityneon Holdings 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 Cityneon Holdings 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 Cityneon Holdings.

SGX:5HJ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

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:5HJ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 7.7%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.45
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.447 (1 + (1- 17%) (41.75%))
0.602
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (0.8 * 7.7%)
8.46%

Discounted Cash Flow Calculation for SGX:5HJ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cityneon Holdings 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:5HJ DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (SGD, Millions) 27.49 31.99 35.84 40.15 44.98
Source Analyst x1 Analyst x1 Est @ 12.03% Est @ 12.03% Est @ 12.03%
Present Value
Discounted (@ 8.46%)
25.35 27.19 28.09 29.01 29.97
Present value of next 5 years cash flows SGD139.61
SGX:5HJ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= SGD44.98 × (1 + 2.3%) ÷ (8.46% – 2.3%)
SGD747.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= SGD747.35 ÷ (1 + 8.46%)5
SGD497.92
SGX:5HJ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= SGD139.61 + SGD497.92
SGD637.53
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD637.53 / 244.66
SGD2.61
SGX:5HJ Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD2.61
Current discount Discount to share price of SGD1.29
= -1 x (SGD1.29 - SGD2.61) / SGD2.61
50.5%

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

Current Discount
Amount off the current price Cityneon Holdings is available for.
Intrinsic value
>50%
Share price is SGD1.29 vs Future cash flow value of SGD2.61
Current Discount Checks
For Cityneon Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cityneon Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cityneon Holdings'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 Cityneon Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cityneon Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:5HJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in SGD SGD0.11
SGX:5HJ Share Price ** SGX (2019-01-08) in SGD SGD1.29
Singapore Commercial Services Industry PE Ratio Median Figure of 12 Publicly-Listed Commercial Services Companies 14.31x
Singapore Market PE Ratio Median Figure of 325 Publicly-Listed Companies 11.86x

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

** Primary Listing of Cityneon Holdings.

SGX:5HJ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:5HJ Share Price ÷ EPS (both in SGD)

= 1.29 ÷ 0.11

11.86x

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

  • Cityneon Holdings is good value based on earnings compared to the SG Commercial Services industry average.
  • Cityneon Holdings is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does Cityneon Holdings's expected growth come at a high price?
Raw Data
SGX:5HJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
6.9%per year
Asia Commercial Services Industry PEG Ratio Median Figure of 13 Publicly-Listed Commercial Services Companies 0.6x
Singapore Market PEG Ratio Median Figure of 126 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

SGX:5HJ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.86x ÷ 6.9%

1.72x

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

  • Cityneon Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Cityneon Holdings's assets?
Raw Data
SGX:5HJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in SGD SGD0.29
SGX:5HJ Share Price * SGX (2019-01-08) in SGD SGD1.29
Singapore Commercial Services Industry PB Ratio Median Figure of 14 Publicly-Listed Commercial Services Companies 0.59x
Singapore Market PB Ratio Median Figure of 431 Publicly-Listed Companies 0.72x
SGX:5HJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:5HJ Share Price ÷ Book Value per Share (both in SGD)

= 1.29 ÷ 0.29

4.46x

* Primary Listing of Cityneon Holdings.

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

  • Cityneon Holdings is overvalued based on assets compared to the SG Commercial Services industry average.
X
Value checks
We assess Cityneon Holdings'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Cityneon Holdings has a total score of 4/6, 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.

5HJ Future Performance

 How is Cityneon Holdings expected to perform in the next 1 to 3 years based on estimates from 2 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
6.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cityneon Holdings expected to grow at an attractive rate?
  • Cityneon Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Cityneon Holdings's earnings growth is expected to exceed the Singapore market average.
  • Cityneon Holdings's revenue growth is expected to exceed the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:5HJ Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:5HJ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 6.9%
SGX:5HJ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.7%
Singapore Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 11.9%
Asia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 21.8%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.2%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:5HJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:5HJ Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 148 37 28 1
2019-12-31 143 33 28 2
2018-12-31 130 33 23 2
SGX:5HJ Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-09-30 136 -25 27
2018-06-30 124 -22 24
2018-03-31 123 -21 19
2017-12-31 117 -14 17
2017-09-30 92 -11 5
2017-06-30 99 -3 8
2017-03-31 91 -2 6
2016-12-31 97 4 7
2016-09-30 99 7 7
2016-06-30 102 10 6
2016-03-31 99 7 4
2015-12-31 96 3 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cityneon Holdings's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
  • Cityneon Holdings's revenue is expected to grow by 5.7% 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:5HJ 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 2 Analyst Estimates (S&P Global) See Below

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

SGX:5HJ Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.11 0.11 0.11 1.00
2019-12-31 0.12 0.12 0.11 2.00
2018-12-31 0.09 0.10 0.09 2.00
SGX:5HJ Past Financials Data
Date (Data in SGD Millions) EPS *
2018-09-30 0.11
2018-06-30 0.10
2018-03-31 0.08
2017-12-31 0.07
2017-09-30 0.02
2017-06-30 0.03
2017-03-31 0.03
2016-12-31 0.03
2016-09-30 0.03
2016-06-30 0.03
2016-03-31 0.02
2015-12-31 0.01

*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.
  • Cityneon Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Cityneon Holdings'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 Asia 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.
Cityneon Holdings has a total score of 4/6, 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.

5HJ Past Performance

  How has Cityneon Holdings 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 Cityneon Holdings's growth in the last year to its industry (Commercial Services).
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.
  • Cityneon Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Cityneon Holdings's 1-year earnings growth exceeds its 5-year average (385.9% vs 61.3%)
  • Cityneon Holdings's earnings growth has exceeded the SG Commercial Services industry average in the past year (385.9% vs -12.7%).
Earnings and Revenue History
Cityneon Holdings'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 Cityneon Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:5HJ Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 135.81 26.62 48.02
2018-06-30 123.72 23.96 45.76
2018-03-31 123.25 19.15 42.33
2017-12-31 116.74 17.39 40.79
2017-09-30 91.60 5.48 26.52
2017-06-30 98.84 8.32 27.29
2017-03-31 90.53 6.50 27.91
2016-12-31 96.75 6.68 27.86
2016-09-30 99.44 6.50 25.62
2016-06-30 102.12 6.33 23.39
2016-03-31 99.30 3.60 22.47
2015-12-31 96.49 0.87 21.55
2015-09-30 92.43 1.19 20.87
2015-06-30 88.38 1.51 20.19
2015-03-31 83.20 1.93 20.01
2014-12-31 78.02 2.34 19.83
2014-09-30 76.31 2.62 20.59
2014-06-30 74.59 2.89 21.35
2014-03-31 71.19 1.89 21.14
2013-12-31 67.78 0.89 20.94
2013-09-30 66.66 -3.18 21.69
2013-06-30 65.54 -7.25 22.45
2013-03-31 74.26 -5.99 23.37
2012-12-31 82.99 -4.73 24.29
2012-09-30 82.58 -2.13 23.91
2012-06-30 82.17 0.47 23.52
2012-03-31 79.78 0.53 22.67

*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.
  • Whilst Cityneon Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Cityneon Holdings used its assets more efficiently than the SG Commercial Services industry average last year based on Return on Assets.
  • Cityneon Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cityneon Holdings'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 Commercial Services 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.
Cityneon Holdings has a total score of 5/6, 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.

5HJ Health

 How is Cityneon Holdings'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 Cityneon Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cityneon Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cityneon Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cityneon Holdings'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.
  • Debt is not covered by short term assets, assets are 0.9x debt.
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 Cityneon Holdings Company Filings, last reported 3 months ago.

SGX:5HJ Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 71.05 131.76 14.31
2018-06-30 70.73 118.97 15.05
2018-03-31 63.49 139.96 44.13
2017-12-31 83.17 100.81 20.75
2017-09-30
2017-06-30 75.03 30.84 17.51
2017-03-31 69.61 28.28 24.51
2016-12-31 69.61 28.28 24.51
2016-09-30 69.61 28.28 24.51
2016-06-30 65.03 22.91 31.93
2016-03-31 65.03 22.91 31.93
2015-12-31 50.02 11.94 24.87
2015-09-30 50.02 11.94 24.87
2015-06-30 24.08 14.58 19.44
2015-03-31 24.08 14.58 19.44
2014-12-31 25.60 13.62 24.84
2014-09-30 25.60 13.62 24.84
2014-06-30 22.63 14.56 20.71
2014-03-31 22.63 14.56 20.71
2013-12-31 22.32 12.73 15.39
2013-09-30 22.32 12.73 15.39
2013-06-30 19.57 14.62 10.42
2013-03-31 19.57 14.62 10.42
2012-12-31 21.29 12.84 11.69
2012-09-30 21.29 12.84 11.69
2012-06-30 27.15 11.63 11.69
2012-03-31 27.15 11.63 11.69
  • Cityneon Holdings's level of debt (185.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (57.1% vs 185.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 5.3x coverage).
X
Financial health checks
We assess Cityneon Holdings'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. Cityneon Holdings has a total score of 3/6, 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.

5HJ Dividends

 What is Cityneon Holdings'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
0%
Current annual income from Cityneon Holdings dividends. Estimated to be 0% next year.
If you bought SGD2,000 of Cityneon Holdings shares you are expected to receive SGD0 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?
  • Unable to evaluate Cityneon Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cityneon Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:5HJ 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 2 Analyst Estimates (S&P Global) See Below
Singapore Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.3%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 288 Stocks 3.9%
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 6.4%

Industry and Market average data is calculated daily.

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

SGX:5HJ Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2018-12-31 0.00 1.00
SGX:5HJ Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2016-08-11 0.000 0.000
2016-04-07 0.000 0.000
2016-02-22 0.000 0.000
2015-04-06 0.010 4.053
2015-03-04 0.010 3.988
2013-10-07 0.000 0.000
2013-04-16 0.000 0.000
2013-03-20 0.000 0.000
2012-04-18 0.002 1.111
2011-04-08 0.017 6.199
2010-04-19 0.016 4.238
2010-02-24 0.016 4.046
2009-09-29 0.010 2.020

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

  • Unable to perform a dividend volatility check as Cityneon Holdings has not reported any payouts.
  • Unable to verify if Cityneon Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cityneon Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cityneon Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Cityneon Holdings's dividends in 3 years as they are not expected to pay a notable one for Singapore.
X
Income/ dividend checks
We assess Cityneon Holdings'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 Cityneon Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cityneon Holdings has a total score of 0/6, see the detailed checks below.


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

5HJ Management

 What is the CEO of Cityneon Holdings'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
Ron Tan
COMPENSATION SGD2,765,631
AGE 47
TENURE AS CEO 2 years
CEO Bio

Mr. Aik Ti Tan, also known as Ron, has been the Chief Executive Officer and President of Victory Hill Exhibitions, LLC since 2014. Mr. Tan has been Managing Director of Friven Asia Productions Pte. Ltd. (formerly, SHEARES Asia Production Pte. Ltd.) since 2008. He has been Managing Director of VINCI Pte Ltd since 2006. He has been Executive Chairman & Group CEO of Cityneon Holdings Limited since August 11, 2017 and January 1, 2017 respectively. He is the Exclusive Partner of Marvel Inc. He has a wealth of experience in children's markets. Mr. Tan served in various distinguished positions at Media Corporation of Singapore, LexisNexis Asia Pacific and Singapore Tourism Board/Economic Development Board of Singapore. He serves as Executive Director of Victory Hill Exhibitions, LLC and Station-LV, LLC. He has been an Executive Director of Cityneon Holdings Limited since November 9, 2015. He served as an Executive Director of Hi-5 Operations Pte Ltd., EMS Asia Pacific Pte Ltd., Hi-5 Australia Limited, EMS Holdings Pte Ltd., and Events Marketing Services Gmbh 2012 to 2014. From 2006 to 2012, Mr. Tan was Executive Director of Sheares Investments Pte Ltd., and Friven Asia Productions Pte Ltd. He serves as a Non-Executive Director of Five Stone Investments Ltd., IGV 33 Investments Ltd and Philadelphia Investments Ltd. He served as an Independent Non-Executive Director at Epicentre Holdings Limited from August 3, 2010 to July 4, 2016. He served as a Director of Mavshack AB (publ) since April 29, 2015. He served as an Independent Non-Executive Director of Friven & Co. Ltd. from June 1, 2009 to February 12, 2010. He served as an Independent Non-Executive Director of Mercurius Capital Investment Limited from June 1, 2009 to February 12, 2010. He served as a Non-Executive Director of Baybee Brands Pte Ltd., Gravitas Productions Pte Ltd., EMS Consumer Products Pte Ltd., Hub Media Group Pte Ltd., Base Entertainment Marina Bay Sub Pte Ltd., EMS Live Entertainment Gmbh, Sound of Music Salzburg Museum Betriebs Gmbh, EMS Entertainment Germany Gmbh, EMS Exhibits Inc., EMS Exhibits Orlando LLC, EMS Exhibits Miami LLC, EMS Exhibits New York LLC, Score Worldwide LLC, EMS Las Vegas II LLC and Exhibit Build Group LLC. Mr. Tan was awarded the prestigious Singapore Government Scholarship to pursue his Bachelor degree in Tourism from the University of Hawaii at Manoa.

CEO Compensation
  • Ron's compensation has increased by more than 20% in the past year.
  • Ron's remuneration is higher than average for companies of similar size in Singapore.
Management Team Tenure

Average tenure of the Cityneon Holdings management team in years:

1.7
Average Tenure
  • The average tenure for the Cityneon Holdings management team is less than 2 years, this suggests a new team.
Management Team

Ron Tan

TITLE
Executive Chairman & Group CEO
COMPENSATION
SGD3M
AGE
47
TENURE
2 yrs

Mark Kemper

TITLE
Group Chief Corporate and Financial Officer
TENURE
0.3 yrs

Emily Choo

TITLE
Head of Corporate Development & Investor Relations

Welby Altidor

TITLE
Group Chief Creative Officer
TENURE
1.4 yrs

Form Cho

TITLE
Company Secretary
TENURE
5.4 yrs

Song Liat Lee

TITLE
Executive
Board of Directors Tenure

Average tenure and age of the Cityneon Holdings board of directors in years:

1.4
Average Tenure
47
Average Age
  • The average tenure for the Cityneon Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ron Tan

TITLE
Executive Chairman & Group CEO
COMPENSATION
SGD3M
AGE
47
TENURE
1.4 yrs

Henry Hooi

TITLE
Lead Independent Non-Executive Director
COMPENSATION
SGD21K
TENURE
1.4 yrs

Michael Poon

TITLE
Independent Non-Executive Director
COMPENSATION
SGD18K
AGE
46
TENURE
1.4 yrs

Chi Shing Kwok

TITLE
Independent Non-Executive Director
COMPENSATION
SGD18K
AGE
56
TENURE
1.4 yrs

Mengying Duan

TITLE
Non Executive Director
COMPENSATION
SGD14K
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
11. Dec 18 Buy West Knighton Limited Company 11. Dec 18 11. Dec 18 388,200 SGD1.30 SGD504,660
10. Dec 18 Buy West Knighton Limited Company 10. Dec 18 10. Dec 18 17,700 SGD1.29 SGD22,833
07. Dec 18 Buy West Knighton Limited Company 07. Dec 18 07. Dec 18 309,700 SGD1.30 SGD401,542
06. Dec 18 Buy West Knighton Limited Company 06. Dec 18 06. Dec 18 247,500 SGD1.30 SGD321,750
05. Dec 18 Buy West Knighton Limited Company 05. Dec 18 05. Dec 18 1,970,000 SGD1.30 SGD2,561,000
04. Dec 18 Buy West Knighton Limited Company 04. Dec 18 04. Dec 18 29,600 SGD1.30 SGD38,480
03. Dec 18 Buy West Knighton Limited Company 03. Dec 18 03. Dec 18 224,200 SGD1.30 SGD291,460
30. Nov 18 Buy West Knighton Limited Company 30. Nov 18 30. Nov 18 1,232,600 SGD1.30 SGD1,602,380
29. Nov 18 Buy West Knighton Limited Company 29. Nov 18 29. Nov 18 105,100 SGD1.30 SGD136,630
28. Nov 18 Buy West Knighton Limited Company 28. Nov 18 28. Nov 18 125,000 SGD1.30 SGD162,500
27. Nov 18 Buy West Knighton Limited Company 27. Nov 18 27. Nov 18 114,900 SGD1.30 SGD149,370
26. Nov 18 Buy West Knighton Limited Company 26. Nov 18 26. Nov 18 96,800 SGD1.30 SGD125,840
21. Nov 18 Buy West Knighton Limited Company 21. Nov 18 21. Nov 18 115,200 SGD1.30 SGD149,760
22. Nov 18 Buy West Knighton Limited Company 22. Nov 18 22. Nov 18 88,000 SGD1.30 SGD114,400
20. Nov 18 Buy West Knighton Limited Company 20. Nov 18 20. Nov 18 158,000 SGD1.30 SGD205,400
19. Nov 18 Buy West Knighton Limited Company 19. Nov 18 19. Nov 18 130,000 SGD1.30 SGD169,000
16. Nov 18 Buy West Knighton Limited Company 16. Nov 18 16. Nov 18 133,400 SGD1.30 SGD173,420
15. Nov 18 Buy West Knighton Limited Company 15. Nov 18 15. Nov 18 5,677,100 SGD1.30 SGD7,380,232
X
Management checks
We assess Cityneon Holdings'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. Cityneon Holdings 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.

5HJ News

External News
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Simply Wall St News

Why Cityneon Holdings Limited (SGX:5HJ) Looks Like A Quality Company

Cityneon Holdings has a ROE of 34%, based on the last twelve months. … That means that for every SGD1 worth of shareholders' equity, it generated SGD0.34 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should Investors Know About Cityneon Holdings Limited's (SGX:5HJ) Capital Returns?

and want to begin learning the link between Cityneon Holdings Limited (SGX:5HJ)’s return fundamentals and stock market performance. … Therefore, looking at how efficiently Cityneon Holdings is able to use capital to create earnings will help us understand your potential return. … Cityneon Holdings's Return On Capital Employed

Simply Wall St -

Can Cityneon Holdings Limited's (SGX:5HJ) ROE Continue To Surpass The Industry Average?

With an ROE of 30.14%, Cityneon Holdings Limited (SGX:5HJ) outpaced its own industry which delivered a less exciting 7.52% over the past year. … If 5HJ borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface

Simply Wall St -

What Investors Should Know About Cityneon Holdings Limited's (SGX:5HJ) Financial Strength

While small-cap stocks, such as Cityneon Holdings Limited (SGX:5HJ) with its market cap of S$232.42m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is … since poor capital management may bring about bankruptcies,

Simply Wall St -

Should You Be Tempted To Sell Cityneon Holdings Limited (SGX:5HJ) At Its Current PE Ratio?

and want to better understand how you can grow your money by investing in Cityneon Holdings Limited (SGX:5HJ). … Cityneon Holdings Limited (SGX:5HJ) is trading with a trailing P/E of 12.4x, which is higher than the industry average of 11.5x. … View out our latest analysis for Cityneon Holdings

Simply Wall St -

Three Stocks Trading At A Massive Discount

Cityneon Holdings and Olam International are stocks on my list that are potentially undervalued. … 5HJ's shares are now hovering at around -55% beneath its true level of $2.19, at a price of S$0.99, according to my discounted cash flow model. … SGX:5HJ PE PEG Gauge May 21st 18 Olam International Limited (SGX:O32) Olam International Limited engages in sourcing, processing, packaging, and merchandising of agricultural products worldwide.

Simply Wall St -

What Are Analysts Saying About the future of Cityneon Holdings Limited's (SGX:5HJ)?

To help investors get a top level understanding, this article will interpret Cityneon Holdings's margin performance so investors can evaluate the revenue and cost drivers behind future earnings projections and understand how they may impact on returns compared to the industry. … Margin Calculation for 5HJ Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 19.15 Million ÷ 123.25 Million = 15.54% There has been an expansion in Cityneon Holdings's margin over the past five years, due to average net income growth of 46.20% outstripping a 6.83% average growth in revenue, indicating that that the previous revenue growth has been acompanied by a growing portion translated in to earnings. … Using Cityneon Holdings's margin expectations as a way to understand projections for the future Based on future expectations, 5HJ's profit margin will further the previous expansion, with annual revenue growth tipped at 6.97% and annual net income growth forecasted at 12.98%.

Simply Wall St -

Top Growth Stocks This Week

Companies such as Cityneon Holdings and KSH Holdings have a significantly positive future outlook on the basis of their profitability and returns. … Profit growth, coupled with top-line expansion, is a positive indication. … SGX:5HJ Future Profit May 14th 18 KSH Holdings Limited (SGX:ER0) KSH Holdings Limited, an investment holding company, operates as a construction contractor for public and private sectors primarily in Singapore and the People’s Republic of China.

Simply Wall St -

Can Cityneon Holdings Limited's (SGX:5HJ) ROE Continue To Surpass The Industry Average?

See our latest analysis for Cityneon Holdings What you must know about ROE Return on Equity (ROE) weighs Cityneon Holdings’s profit against the level of its shareholders’ equity. … Since Cityneon Holdings’s return covers its cost in excess of 12.52%, its use of equity capital is efficient and likely to be sustainable. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity SGX:5HJ Last Perf May 10th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

What You Must Know About Cityneon Holdings Limited's (SGX:5HJ) Financial Strength

How does 5HJ’s operating cash flow stack up against its debt? … In 5HJ's case, the ratio of 12x suggests that interest is comfortably covered, which means that debtors may be willing to loan the company more money, giving 5HJ ample headroom to grow its debt facilities.Next Steps: 5HJ’s debt and cash flow levels indicate room for improvement. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue.

Simply Wall St -

5HJ Company Info

Map
Description

Cityneon Holdings Limited provides interior architecture, experiential environment, event, and exhibition services to multinational corporations, governments, and private sector organizations worldwide. It offers management, project, logistics, and ownership services for events and festivals; electrical services for exhibitions and event management; event organizing, management, marketing, human resource, general office administration, and business and management consulting services; interior and exterior decoration for offices, commercial buildings, shops, museums, and theme parks; project management, installation, assembly, building completion, and finishing services; and interior fit-out, exhibition and event, sports management, and conceptualization design and build services. The company also designs and builds exhibition pavilions and road shows; rents reusable modules and furnishings, road shows, and custom-built pavilions; contracts, designs, and executes exhibition decoration and structures; and imports, exports, and sells décor materials. In addition, it leases, plans, and constructs exhibition facilities; designs, builds, constructs, manufactures, and trades in projects and components of water features, landscapes, thematic parks, thematic events, thematic leisure facilities, and entertainment outlets; and designs and produces environmental graphic materials, including banners, posters, billboards, and general signages for event and exhibition venues. Further, the company engages in exhibition production and intellectual property; general, civil engineering, and building contracting businesses; developing, financing, and presenting an exhibition based upon the Jurassic Park motion picture franchise and featuring animatronic dinosaurs; real estate activities; and fabrication, installation, and removal of exhibitions setup activities. The company was founded in 1956 and is based in Singapore. The company is former subsidiary of Massive Right Investments.

Details
Name: Cityneon Holdings Limited
5HJ
Exchange: SGX
Founded: 1956
SGD315,606,491
244,656,195
Website: http://www.cityneon.net
Address: Cityneon Holdings Limited
Cityneon Design Centre,
No. 06-01, 84 Genting Lane,
Singapore,
349584,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX 5HJ Ordinary Shares Singapore Exchange SG SGD 07. Dec 2005
Number of employees
Current staff
Staff numbers
0
Cityneon Holdings employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/16 12:54
End of day share price update: 2019/01/08 00:00
Last estimates confirmation: 2019/01/01
Last earnings filing: 2018/11/13
Last earnings reported: 2018/09/30
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.