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Market Cap

S$17.7m

Last Updated

2021/04/16 11:02 UTC

Data Sources

Company Financials

Executive Summary

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


Snowflake Analysis

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.


Market Performance


7 Day Return

12.5%

BLA

-0.07%

SG Commercial Services

0.4%

SG Market


1 Year Return

n/a

BLA

14.3%

SG Commercial Services

22.1%

SG Market

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.


Shareholder returns

BLAIndustryMarket
7 Day12.5%-0.07%0.4%
30 Day15.4%1.5%3.7%
90 Dayn/a-5.2%6.3%
1 Yearn/a17.3%14.3%27.7%22.1%
3 Year-24.6%-26.2%-3.6%-9.5%-0.2%-12.0%
5 Year-13.3%-15.1%2.5%-6.8%20.9%-0.2%

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

Valuation

Is Union Steel Holdings undervalued compared to its fair value and its price relative to the market?

>50%

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).


Future Growth

How is Union Steel Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.7%

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.


Past Performance

How has Union Steel Holdings performed over the past 5 years?

26.9%

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.


Financial Health

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.


Balance Sheet


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.


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.3yrs

Average management tenure


CEO

Yu Seng Ang (63 yo)

16.67yrs

Tenure

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 ...


Leadership Team

Experienced Management: BLA's management team is seasoned and experienced (8.3 years average tenure).


Board Members

Experienced Board: BLA's board of directors are considered experienced (6.3 years average tenure).


Ownership

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

Ownership Breakdown

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


Top Shareholders

Company Information

Union Steel Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Union Steel Holdings Limited
  • 33 Pioneer Road North
  • Singapore
  • 628474
  • Singapore

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/16 11:02
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.