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TCU

Credit Bureau AsiaSGX:TCU Stock Report

Market Cap

S$264.9m

7D

0%

1Y

n/a

Updated

29 Nov, 2021

Data

Company Financials +
TCU fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance3/6
Financial Health5/6
Dividends2/6

TCU Stock Overview

Credit Bureau Asia Limited, an investment holding company, provides credit and risk information solutions.

Price History & Performance

Summary of all time highs, changes and price drops for Credit Bureau Asia
Historical stock prices
Current Share PriceS$1.15
52 Week HighS$1.59
52 Week LowS$0.96
Beta0
1 Month Change-6.50%
3 Month Change-10.85%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO7.48%

Recent News & Updates

Aug 12
Some Investors May Be Willing To Look Past Credit Bureau Asia's (SGX:TCU) Soft Earnings

Some Investors May Be Willing To Look Past Credit Bureau Asia's (SGX:TCU) Soft Earnings

The market for Credit Bureau Asia Limited's ( SGX:TCU ) shares didn't move much after it posted weak earnings recently...

May 13
Unpleasant Surprises Could Be In Store For Credit Bureau Asia Limited's (SGX:TCU) Shares

Unpleasant Surprises Could Be In Store For Credit Bureau Asia Limited's (SGX:TCU) Shares

With a price-to-earnings (or "P/E") ratio of 37.8x Credit Bureau Asia Limited ( SGX:TCU ) may be sending very bearish...

Shareholder Returns

TCUSG Professional ServicesSG Market
7D0%-0.7%-1.9%
1Yn/a34.9%8.8%

Return vs Industry: Insufficient data to determine how TCU performed against the SG Professional Services industry.

Return vs Market: Insufficient data to determine how TCU performed against the SG Market.

Price Volatility

Is TCU's price volatile compared to industry and market?
TCU volatility
TCU Average Weekly Movement2.7%
Professional Services Industry Average Movement5.3%
Market Average Movement4.9%
10% most volatile stocks in SG Market14.4%
10% least volatile stocks in SG Market2.1%

Stable Share Price: TCU is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: TCU's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993170Kevin Koohttps://www.creditbureauasia.com

Credit Bureau Asia Limited, an investment holding company, provides credit and risk information solutions. It operates in two segments, Financial Institution Data Business (FI Data Business) and Non-Financial Institution Data Business (Non-FI Data Business). The FI Data Business segment offers access to credit information on individual consumers and registered business entities, which are generated from up-to-date credit information contributed by subscribing members; and credit scoring, data analytics, credit monitoring services, and customized solutions.

Credit Bureau Asia Fundamentals Summary

How do Credit Bureau Asia's earnings and revenue compare to its market cap?
TCU fundamental statistics
Market CapS$264.95m
Earnings (TTM)S$7.04m
Revenue (TTM)S$45.11m

37.6x

P/E Ratio

5.9x

P/S Ratio


Dividends

3.0%

Current Dividend Yield

53%

Payout Ratio

Valuation

Is Credit Bureau Asia 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: TCU (SGD1.15) is trading below our estimate of fair value (SGD2.8)

Significantly Below Fair Value: TCU is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TCU is poor value based on its PE Ratio (37.6x) compared to the Asian Professional Services industry average (25.8x).

PE vs Market: TCU is poor value based on its PE Ratio (37.6x) compared to the SG market (13.2x).


Price to Earnings Growth Ratio

PEG Ratio: TCU is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: TCU is overvalued based on its PB Ratio (5.6x) compared to the SG Professional Services industry average (0.9x).


Future Growth

How is Credit Bureau Asia forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

14.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TCU's forecast earnings growth (14.5% per year) is above the savings rate (1.8%).

Earnings vs Market: TCU's earnings (14.5% per year) are forecast to grow faster than the SG market (13.6% per year).

High Growth Earnings: TCU's earnings are forecast to grow, but not significantly.

Revenue vs Market: TCU's revenue (7.2% per year) is forecast to grow slower than the SG market (7.3% per year).

High Growth Revenue: TCU's revenue (7.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TCU's Return on Equity is forecast to be high in 3 years time (22%)


Past Performance

How has Credit Bureau Asia performed over the past 5 years?

8.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TCU has high quality earnings.

Growing Profit Margin: TCU's current net profit margins (15.6%) are lower than last year (17.9%).


Past Earnings Growth Analysis

Earnings Trend: TCU's earnings have grown by 8.9% per year over the past 5 years.

Accelerating Growth: TCU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TCU had negative earnings growth (-5.2%) over the past year, making it difficult to compare to the Professional Services industry average (14.5%).


Return on Equity

High ROE: TCU's Return on Equity (27.8%) is considered high.


Financial Health

How is Credit Bureau Asia's financial position?


Financial Position Analysis

Short Term Liabilities: TCU's short term assets (SGD62.3M) exceed its short term liabilities (SGD19.3M).

Long Term Liabilities: TCU's short term assets (SGD62.3M) exceed its long term liabilities (SGD1.8M).


Debt to Equity History and Analysis

Debt Level: TCU has more cash than its total debt.

Reducing Debt: Insufficient data to determine if TCU's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: TCU's debt is well covered by operating cash flow (2673.3%).

Interest Coverage: TCU's interest payments on its debt are well covered by EBIT (258.4x coverage).


Balance Sheet


Dividend

What is Credit Bureau Asia current dividend yield, its reliability and sustainability?

2.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TCU's dividend (2.96%) is higher than the bottom 25% of dividend payers in the SG market (2%).

High Dividend: TCU's dividend (2.96%) is low compared to the top 25% of dividend payers in the SG market (5.34%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether TCU's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if TCU's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.7%), TCU's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TCU's dividends in 3 years are not forecast to be well covered by earnings (90.8% payout ratio).


Next Steps

Management

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

1.0yrs

Average board tenure


CEO

Kevin Koo (56 yo)

no data

Tenure

Mr. Chiang Koo, also known as Kevin, is Founder, Executive Chairman and CEO of Credit Bureau Asia Limited and serves as its Director since March 21, 2019. He is the founder, Executive Chairman and CEO of t...


Board Members

Experienced Board: TCU's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TCU insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: TCU only recently listed within the past 12 months.


Top Shareholders

Company Information

Credit Bureau Asia Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Credit Bureau Asia Limited
  • Ticker: TCU
  • Exchange: SGX
  • Founded: 1993
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: S$264.949m
  • Shares outstanding: 230.39m
  • Website: https://www.creditbureauasia.com

Number of Employees


Location

  • Credit Bureau Asia Limited
  • 6 Shenton Way
  • No. 17-10 OUE Downtown
  • Singapore
  • 68809
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/29 16:01
End of Day Share Price2021/11/29 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.