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Chasen Holdings

SGX:5NV
Snowflake Description

Undervalued with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5NV
SGX
SGD32M
Market Cap
  1. Home
  2. SG
  3. Commercial Services
Company description

Chasen Holdings Limited, an investment holding company, provides relocation, logistics, and technical and engineering services in Singapore, the People’s Republic of China, Malaysia, Thailand, the United States, Timor-Leste, and Vietnam. The last earnings update was 69 days ago. More info.


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5NV Share Price and Events
7 Day Returns
-1.2%
SGX:5NV
3.6%
SG Commercial Services
0.6%
SG Market
1 Year Returns
20.3%
SGX:5NV
-14.9%
SG Commercial Services
-6.1%
SG Market
5NV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chasen Holdings (5NV) -1.2% 10.7% 16.9% 20.3% 124.3% -42.4%
SG Commercial Services 3.6% 5.6% 19.9% -14.9% -14.1% -28%
SG Market 0.6% 3.2% 4.6% -6.1% 10% -2.2%
1 Year Return vs Industry and Market
  • 5NV outperformed the Commercial Services industry which returned -14.9% over the past year.
  • 5NV outperformed the Market in Singapore which returned -6.1% over the past year.
Price Volatility
5NV
Industry
5yr Volatility vs Market

Value

 Is Chasen 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 Chasen 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 Chasen Holdings.

SGX:5NV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10%
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:5NV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 17%) (115.06%))
1.291
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (1.291 * 5.96%)
9.99%

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

The calculations below outline how an intrinsic value for Chasen Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:5NV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 9.99%)
2019 5.81 Est @ 56.69% 5.28
2020 8.16 Est @ 40.37% 6.74
2021 10.52 Est @ 28.95% 7.90
2022 12.72 Est @ 20.96% 8.69
2023 14.68 Est @ 15.36% 9.12
2024 16.36 Est @ 11.44% 9.24
2025 17.78 Est @ 8.7% 9.13
2026 18.99 Est @ 6.78% 8.86
2027 20.02 Est @ 5.44% 8.49
2028 20.92 Est @ 4.5% 8.07
Present value of next 10 years cash flows SGD81.53
SGX:5NV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD20.92 × (1 + 2.3%) ÷ (9.99% – 2.3%)
SGD278.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD278.27 ÷ (1 + 9.99%)10
SGD107.34
SGX:5NV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD81.53 + SGD107.34
SGD188.87
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD188.87 / 387.03
SGD0.49
SGX:5NV Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD0.49
Current discount Discount to share price of SGD0.08
= -1 x (SGD0.08 - SGD0.49) / SGD0.49
83%

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

Current Discount
Amount off the current price Chasen Holdings is available for.
Intrinsic value
>50%
Share price is SGD0.083 vs Future cash flow value of SGD0.488
Current Discount Checks
For Chasen Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Chasen Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Chasen 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 Chasen Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chasen Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:5NV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.02
SGX:5NV Share Price ** SGX (2019-04-23) in SGD SGD0.08
Singapore Commercial Services Industry PE Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 13.73x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.18x

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

** Primary Listing of Chasen Holdings.

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

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

= 0.08 ÷ 0.02

4.9x

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

  • Chasen Holdings is good value based on earnings compared to the SG Commercial Services industry average.
  • Chasen Holdings is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does Chasen Holdings's expected growth come at a high price?
Raw Data
SGX:5NV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
2.3%per year
Asia Commercial Services Industry PEG Ratio Median Figure of 11 Publicly-Listed Commercial Services Companies 0.94x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Chasen Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Chasen Holdings's assets?
Raw Data
SGX:5NV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD0.18
SGX:5NV Share Price * SGX (2019-04-23) in SGD SGD0.08
Singapore Commercial Services Industry PB Ratio Median Figure of 14 Publicly-Listed Commercial Services Companies 0.77x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:5NV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.08 ÷ 0.18

0.46x

* Primary Listing of Chasen Holdings.

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

  • Chasen Holdings is good value based on assets compared to the SG Commercial Services industry average.
X
Value checks
We assess Chasen 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. Chasen Holdings has a total score of 5/6, 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 Chasen Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Chasen Holdings, future earnings growth has been estimated based on fundamentals.
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
2.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chasen Holdings expected to grow at an attractive rate?
  • Chasen Holdings's earnings growth is positive but not above the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Chasen Holdings's earnings growth is positive but not above the Singapore market average.
  • Unable to compare Chasen Holdings's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:5NV Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:5NV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 2.3%
Singapore Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 10.4%
Asia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 23.5%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.9%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:5NV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:5NV Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 134 12 7
2018-09-30 132 13 7
2018-06-30 128 7 6
2018-03-31 128 6 5
2017-12-31 125 9 4
2017-09-30 123 7 4
2017-06-30 117 9 3
2017-03-31 106 11 3
2016-12-31 99 5 -1
2016-09-30 90 5 -2
2016-06-30 92 7 -2
2016-03-31 94 8 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Chasen Holdings's earnings are expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Chasen Holdings is high growth as no revenue estimate data is available.
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:5NV 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 0 Analyst Estimates (S&P Global) See Below

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

SGX:5NV Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.02
2018-09-30 0.02
2018-06-30 0.02
2018-03-31 0.01
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.00
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 0.00

*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.
  • Unable to establish if Chasen Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Chasen 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.
Chasen Holdings has a total score of 0/6, 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 Chasen 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 Chasen 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.
  • Chasen Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Chasen Holdings's 1-year earnings growth exceeds its 5-year average (51.4% vs 36.7%)
  • Chasen Holdings's earnings growth has exceeded the SG Commercial Services industry average in the past year (51.4% vs 30.9%).
Earnings and Revenue History
Chasen 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 Chasen Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:5NV Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 134.04 6.51 23.94
2018-09-30 131.64 6.58 24.51
2018-06-30 128.29 6.22 24.08
2018-03-31 127.92 5.49 23.60
2017-12-31 124.85 4.30 23.98
2017-09-30 123.01 4.24 22.69
2017-06-30 116.51 3.34 21.76
2017-03-31 106.17 2.60 20.32
2016-12-31 98.89 -0.84 20.04
2016-09-30 90.27 -2.07 18.42
2016-06-30 92.15 -1.84 17.91
2016-03-31 93.51 -1.47 17.87
2015-12-31 93.47 2.28 17.26
2015-09-30 96.27 2.52 17.92
2015-06-30 95.64 2.47 19.17
2015-03-31 98.80 2.24 19.90
2014-12-31 100.37 2.78 18.82
2014-09-30 103.76 2.16 18.86
2014-06-30 105.22 2.35 18.52
2014-03-31 101.48 2.50 17.98
2013-12-31 93.13 -6.96 25.02
2013-09-30 86.06 -6.32 24.27
2013-06-30 80.96 -5.83 23.64
2013-03-31 79.42 -5.36 23.53
2012-12-31 82.86 2.54 16.37
2012-09-30 86.25 3.59 17.04
2012-06-30 90.44 4.74 17.62

*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.
  • Chasen Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Chasen Holdings used its assets more efficiently than the SG Commercial Services industry average last year based on Return on Assets.
  • Chasen Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Chasen 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.
Chasen 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.

Health

 How is Chasen 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 Chasen Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chasen Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chasen Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chasen 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 covered by short term assets, assets are 2.2x 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 Chasen Holdings Company Filings, last reported 3 months ago.

SGX:5NV Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 75.04 36.52 11.58
2018-09-30 73.57 36.21 10.98
2018-06-30 75.07 33.95 9.84
2018-03-31 73.94 35.37 10.82
2017-12-31 71.39 35.84 11.09
2017-09-30 70.07 34.98 8.94
2017-06-30 69.23 34.11 11.71
2017-03-31 67.34 33.64 10.36
2016-12-31 66.58 33.05 9.58
2016-09-30 64.63 30.33 9.08
2016-06-30 64.64 29.59 9.67
2016-03-31 65.42 32.88 11.80
2015-12-31 68.95 30.82 12.08
2015-09-30 69.74 29.60 12.64
2015-06-30 70.08 26.75 13.10
2015-03-31 70.32 28.21 13.13
2014-12-31 69.17 29.40 13.55
2014-09-30 63.56 27.09 15.36
2014-06-30 62.42 22.95 14.62
2014-03-31 61.46 25.23 14.75
2013-12-31 57.66 25.50 11.59
2013-09-30 56.19 27.74 10.61
2013-06-30 55.98 24.91 13.24
2013-03-31 54.11 22.40 7.71
2012-12-31 64.07 20.56 8.17
2012-09-30 63.64 16.79 7.26
2012-06-30 64.86 17.64 12.66
  • Chasen Holdings's level of debt (48.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (44.2% vs 48.7% today).
  • Debt is well covered by operating cash flow (31.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.6x coverage).
X
Financial health checks
We assess Chasen 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. Chasen Holdings has a total score of 4/6, 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 Chasen 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
2.41%
Current annual income from Chasen Holdings dividends.
If you bought SGD2,000 of Chasen Holdings shares you are expected to receive SGD48 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?
  • Chasen Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Singapore (2.5%).
  • Chasen Holdings's dividend is below the markets top 25% of dividend payers in Singapore (5.47%).
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:5NV 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 0 Analyst Estimates (S&P Global) See Below
Singapore Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

SGX:5NV Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-02-13 0.002 2.570
2018-07-27 0.003 4.025
2017-07-12 0.001 1.303
2017-05-29 0.001 0.995
2016-07-05 0.001 1.457
2015-07-13 0.001 2.397
2014-09-22 0.001 0.781
2013-07-26 0.002 1.085
2012-08-13 0.006 2.423
2011-07-26 0.006 2.116
2011-05-25 0.006 1.747
2010-07-19 0.006 1.743
2010-05-31 0.006 1.668
2009-07-06 0.005 1.865
2009-06-01 0.005 2.278
2009-04-24 0.008 3.980

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Chasen Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Chasen Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 Chasen Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chasen Holdings has a total score of 1/6, 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 Chasen 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
Weng Fatt Low
CEO Bio

Mr. Low Weng Fatt has been the Managing Director of Chasen holdings limited. since February 6, 2007 and serves as its Chief Executive Officer. Mr. Low has also been Managing Director of Chasen Logistics services Limited (CLs) since June 2001. Mr. Low joined CLS in 1996 as a Project Manager responsible for project management and operations control, technical service consultation, development of tools for use in operations and after sales support for Chasen Group’s clients. Recognising the growth potential of the equipment relocation business, he discontinued the labour supply business to focus on this segment of the business. Mr. Low was instrumental in establishing REI to develop the Group’s technical support services as part of its growth strategy to extend the scope of services to include businesses with regular income streams in order to even out the revenue flow throughout the year. He has been Director of CLS since 1999. Mr. Low has been an Executive Director of Chasen Holdings Limited., since February 6, 2007.

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

Weng Fatt Low

TITLE
CEO, MD & Executive Director

La Hiong Tan

TITLE
Chief Financial Officer
AGE
50
TENURE
2.5 yrs

Dorothy Yap

TITLE
Head of Corporate Administration
AGE
50

Boon Hock Siah

TITLE
Executive Director

Kok Liang Chew

TITLE
Company Secretary

Tien Yew Ling

TITLE
Financial Controller
AGE
47
TENURE
5.1 yrs

Wui Liat Lim

TITLE
Executive Director of Liten Logistics Services Pte Ltd
Board of Directors Tenure

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

7.7
Average Tenure
63
Average Age
  • The tenure for the Chasen Holdings board of directors is about average.
Board of Directors

Frederick Ng

TITLE
Non-Executive Chairman
AGE
70
TENURE
4.7 yrs

Weng Fatt Low

TITLE
CEO, MD & Executive Director
TENURE
12.2 yrs

Boon Hock Siah

TITLE
Executive Director
TENURE
12.2 yrs

John Chew

TITLE
Non-Executive Independent Director
AGE
64
TENURE
0.6 yrs

Mun Yew Chew

TITLE
Independent Director
AGE
62
TENURE
5.7 yrs

Dennis Tan

TITLE
Independent Director
AGE
56
TENURE
9.8 yrs

S. Pirithivaraj Selvarajoo

TITLE
Executive Director of City Zone Express Sdn Bhd
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)
X
Management checks
We assess Chasen 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. Chasen 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.

News

Simply Wall St News

Is Chasen Holdings Limited (SGX:5NV) Attractive At Its Current PE Ratio?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Chasen Holdings Limited (SGX:5NV) trades with a trailing P/E of 4.6x, which is lower than the industry average of 11.9x. … View our latest analysis for Chasen Holdings

Simply Wall St -

Should You Be Concerned About Chasen Holdings Limited's (SGX:5NV) Investors?

Today, I will be analyzing Chasen Holdings Limited’s (SGX:5NV) recent ownership structure, an important but not-so-popular subject among individual investors. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders. … Therefore, it is beneficial for us to examine 5NV's ownership structure in more detail.

Simply Wall St -

Does Chasen Holdings Limited (SGX:5NV)'s Capital Return Make The Cut?

and looking to gauge the potential return on investment in Chasen Holdings Limited (SGX:5NV). … To understand Chasen Holdings’s capital returns we will look at a useful metric called return on capital employed. … Calculating Return On Capital Employed for 5NV

Simply Wall St -

What does Chasen Holdings Limited's (SGX:5NV) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as Chasen Holdings Limited (SGX:5NV) with its market cap of S$26.43m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Does Chasen Holdings Limited's (SGX:5NV) Recent Track Record Look Strong?

After reading Chasen Holdings Limited's (SGX:5NV) latest earnings update (31 March 2018), I found it beneficial to look back at how the company has performed in the past and compare this against the most recent numbers. … See our latest analysis for Chasen Holdings Were 5NV's earnings stronger than its past performances and the industry? … For Chasen Holdings, its latest trailing-twelve-month earnings is S$5.49M, which, in comparison to the previous year's level, has climbed up by more than double.

Simply Wall St -

Top 3 Undervalued Stocks For The Month

Companies that trade at market prices below their actual values, such as Chasen Holdings and ValueMax Group, are perceived to be undervalued. … Chasen Holdings Limited (SGX:5NV) Chasen Holdings Limited, an investment holding company, provides relocation, logistics, and technical and engineering services. … SGX:5NV PE PEG Gauge Jun 1st 18 ValueMax Group Limited (SGX:T6I) ValueMax Group Limited, an investment holding company, provides pawn broking and money lending services.

Simply Wall St -

How Should You Think About Chasen Holdings Limited's (SGX:5NV) Risks?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … A market capitalisation of S$25.76M puts 5NV in the category of small-cap stocks, which tends to possess higher beta than larger companies. … Thus, we can expect 5NV to be more volatile in the face of market movements, relative to its peers of similar size but with a lower proportion of fixed assets on their books.

Simply Wall St -

Does Chasen Holdings Limited's (SGX:5NV) PE Ratio Warrant A Buy?

By comparing a stock’s price per share to its earnings per share, we are able to see how much investors are paying for each dollar of the company’s earnings. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for 5NV Price per share = SGD0.07 Earnings per share = SGD0.012 ∴ Price-Earnings Ratio = SGD0.07 ÷ SGD0.012 = 5.7x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … Since 5NV's P/E of 5.7x is lower than its industry peers (13.2x), it means that investors are paying less than they should for each dollar of 5NV's earnings.

Simply Wall St -

Why Chasen Holdings Limited's (SGX:5NV) Investor Composition Impacts Your Returns

General Public Ownership The general public holds a substantial 52.24% stake in 5NV, making it a highly popular stock among retail investors. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

Is Chasen Holdings Limited's (SGX:5NV) Balance Sheet A Threat To Its Future?

At this current level of debt, 5NV's cash and short-term investments stands at S$10.36M for investing into the business. … On top of this, 5NV has generated cash from operations of S$10.90M over the same time period, leading to an operating cash to total debt ratio of 32.40%, indicating that 5NV’s current level of operating cash is high enough to cover debt. … In 5NV's case, the ratio of 5.69x suggests that interest is appropriately covered, which means that lenders may be less hesitant to lend out more funding as 5NV’s high interest coverage is seen as responsible and safe practice.Next Steps: Although 5NV’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

Simply Wall St -

Company Info

Description

Chasen Holdings Limited, an investment holding company, provides relocation, logistics, and technical and engineering services in Singapore, the People’s Republic of China, Malaysia, Thailand, the United States, Timor-Leste, and Vietnam. The company operates through three segments: Specialist Relocation Solutions, Third Party Logistics, and Technical & Engineering. The Specialist Relocation Solutions segment offers machinery and equipment moving services through projects or maintenance contracts. The Third Party Logistics segment provides packing services and supplies packaging and crating materials; and offers warehousing of customers’ new or replaced machinery and equipment, and land transportation services. The Technical & Engineering segment provides turnkey facilities and engineering solutions, as well as repair and maintenance services to customers in the high tech electronic industries; construction projects of customers in the marine, property development, and oil and gas industries; and contract manufacturing services in the electronics, telecommunications, and other high technology industries. Chasen Holdings Limited also offers freight forwarding and shipping, general contracting, artifact packaging, construction and engineering, local trucking, rigging, and management consultancy services; services on cryogenic pumps; and scaffolding services to marine and construction industries. In addition, the company engages in the general activities related to high value machinery and equipment; general building engineering; process engineering and construction; structural steel fabrication supply and installation; and precision manufacturing of machine tool accessories. Further, it is involved in the design, engineering, and installation of machinery and equipment. Chasen Holdings Limited was founded in 1995 and is based in Singapore.

Details
Name: Chasen Holdings Limited
5NV
Exchange: SGX
Founded: 1995
SGD31,736,193
387,026,748
Website: http://www.chasen.com.sg
Address: Chasen Holdings Limited
18 Jalan Besut,
Singapore,
619571,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX 5NV Ordinary Shares Singapore Exchange SG SGD 16. Feb 2007
Number of employees
Current staff
Staff numbers
0
Chasen Holdings employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:37
End of day share price update: 2019/04/23 00:00
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.