Union Steel Holdings Limited, an investment holding company, primarily operates as a metal recycling company in Singapore, Malaysia, Indonesia, India, Bangladesh, Korea, Vietnam, China, Australia, and internationally. More Details
Excellent balance sheet and fair value.
Share Price & News
How has Union Steel Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: Insufficient data to determine BLA's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine BLA's volatility change over the past year.
7 Day Return
SG Commercial Services
1 Year Return
SG Commercial Services
Return vs Industry: Insufficient data to determine how BLA performed against the SG Commercial Services industry.
Return vs Market: Insufficient data to determine how BLA performed against the SG Market.
Long-Term Price Volatility Vs. Market
How volatile is Union Steel Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Union Steel Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BLA (SGD0.45) is trading below our estimate of fair value (SGD12.53)
Significantly Below Fair Value: BLA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BLA is unprofitable, so we can't compare its PE Ratio to the SG Commercial Services industry average.
PE vs Market: BLA is unprofitable, so we can't compare its PE Ratio to the SG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BLA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BLA is good value based on its PB Ratio (0.3x) compared to the SG Commercial Services industry average (0.9x).
How is Union Steel Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Commercial Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Union Steel Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Union Steel Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BLA is currently unprofitable.
Growing Profit Margin: BLA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BLA is unprofitable, but has reduced losses over the past 5 years at a rate of 26.9% per year.
Accelerating Growth: Unable to compare BLA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BLA is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (39.2%).
Return on Equity
High ROE: BLA has a negative Return on Equity (-9.37%), as it is currently unprofitable.
How is Union Steel Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: BLA's short term assets (SGD54.6M) exceed its short term liabilities (SGD32.5M).
Long Term Liabilities: BLA's short term assets (SGD54.6M) exceed its long term liabilities (SGD18.9M).
Debt to Equity History and Analysis
Debt Level: BLA's debt to equity ratio (44.8%) is considered high.
Reducing Debt: BLA's debt to equity ratio has reduced from 55.4% to 44.8% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable BLA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BLA is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 26% per year.
What is Union Steel Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BLA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BLA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BLA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BLA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: BLA is not paying a notable dividend for the SG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BLA's dividend in 3 years as they are not forecast to pay a notable one for the SG market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Yu Seng Ang (63 yo)
Mr. Ang Yu Seng Co-Founded Union Steel Holdings Limited and has been its Chief Executive Officer and Executive Chairman since August 12, 2004. With over 25 years of experience in the scrap metal recycling ...
Experienced Management: BLA's management team is seasoned and experienced (8.3 years average tenure).
Experienced Board: BLA's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BLA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Union Steel Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Union Steel Holdings Limited
- Ticker: BLA
- Exchange: SGX
- Founded: 1984
- Industry: Environmental and Facilities Services
- Sector: Commercial Services
- Market Cap: S$17.720m
- Shares outstanding: 39.38m
- Website: https://www.unionsteel.com.sg
- Union Steel Holdings Limited
- 33 Pioneer Road North
Union Steel Holdings Limited, an investment holding company, primarily operates as a metal recycling company in Singapore, Malaysia, Indonesia, India, Bangladesh, Korea, Vietnam, China, Australia, and inte...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/16 11:02|
|End of Day Share Price||2021/04/16 00:00|
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.