Sheng Siong Group
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Sheng Siong Group Ltd, an investment holding company, operates supermarkets in Singapore. The last earnings update was 85 days ago. More info.
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OV8 Share Price and Events
7 Day Returns
1 Year Returns
OV8 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Sheng Siong Group (OV8) | 0% | 2.8% | 4.8% | 0.9% | 17% | 57.1% |
| SG Consumer Retailing | -0.3% | -0.5% | -2.5% | -17.6% | 8.4% | -27.6% |
| SG Market | 0.3% | 2.4% | 0.7% | 0.7% | 9.6% | -5% |
1 Year Return vs Industry and Market
- OV8 outperformed the Consumer Retailing industry which returned -17.6% over the past year.
- OV8 matched the Singapore Market (0.7%) over the past year.
OV8 Value
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
Sheng Siong Group
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Sheng Siong Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 8 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.1% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year SG Govt Bond Rate | 2.3% |
| Equity Risk Premium | S&P Global | 6% |
| Consumer Retailing Unlevered Beta | Simply Wall St/ S&P Global | 0.5 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.503 (1 + (1- 17%) (2.78%)) |
0.674 |
| 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 * 5.96%) |
7.07% |
Discounted Cash Flow Calculation for SGX:OV8 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Sheng Siong Group 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.
| Levered FCF (SGD, Millions) | Source |
Present Value Discounted (@ 7.07%) |
|
|---|---|---|---|
| 2020 | 99.63 | Analyst x3 | 93.05 |
| 2021 | 103.34 | Analyst x3 | 90.14 |
| 2022 | 106.70 | Est @ 3.25% | 86.93 |
| 2023 | 109.87 | Est @ 2.97% | 83.60 |
| 2024 | 112.91 | Est @ 2.77% | 80.24 |
| 2025 | 115.88 | Est @ 2.63% | 76.91 |
| 2026 | 118.81 | Est @ 2.53% | 73.65 |
| 2027 | 121.74 | Est @ 2.46% | 70.48 |
| 2028 | 124.68 | Est @ 2.41% | 67.41 |
| 2029 | 127.64 | Est @ 2.38% | 64.46 |
| Present value of next 10 years cash flows | SGD786.86 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= SGD127.64 × (1 + 2.3%) ÷ (7.07% – 2.3%) |
SGD2,738.76 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= SGD2,738.76 ÷ (1 + 7.07%)10 |
SGD1,383.04 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= SGD786.86 + SGD1,383.04 |
SGD2,169.90 |
| Equity Value per Share (SGD) |
= Total value / Shares Outstanding
= SGD2,169.90 / 1,503.54 |
SGD1.44 |
| Calculation | Result | |
|---|---|---|
| Value per share (SGD) | From above. | SGD1.44 |
| Current discount | Discount to share price of
SGD1.10
= -1 x (SGD1.10 - SGD1.44) / SGD1.44 |
23.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Sheng Siong Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Sheng Siong Group's share price is below the future cash flow value, but not 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 Sheng Siong Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Sheng Siong Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in SGD | SGD0.05 |
| SGX:OV8 Share Price ** | SGX (2019-07-19) in SGD | SGD1.1 |
| Asia Consumer Retailing Industry PE Ratio | Median Figure of 44 Publicly-Listed Consumer Retailing Companies | 22.05x |
| Singapore Market PE Ratio | Median Figure of 327 Publicly-Listed Companies | 13.04x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Sheng Siong Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SGX:OV8 Share Price ÷ EPS (both in SGD) = 1.1 ÷ 0.05 |
23.01x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Sheng Siong Group is overvalued based on earnings compared to the Asia Consumer Retailing industry average.
- Sheng Siong Group is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does
Sheng Siong Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 23.01x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts |
5.8%per year |
| Asia Consumer Retailing Industry PEG Ratio | Median Figure of 6 Publicly-Listed Consumer Retailing Companies | 3.37x |
| Singapore Market PEG Ratio | Median Figure of 119 Publicly-Listed Companies | 1.69x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 23.01x ÷ 5.8% |
3.97x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Sheng Siong Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Sheng Siong Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in SGD | SGD0.21 |
| SGX:OV8 Share Price * | SGX (2019-07-19) in SGD | SGD1.1 |
| Singapore Consumer Retailing Industry PB Ratio | Median Figure of 7 Publicly-Listed Consumer Retailing Companies | 0.99x |
| Singapore Market PB Ratio | Median Figure of 431 Publicly-Listed Companies | 0.73x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SGX:OV8 Share Price ÷ Book Value per Share (both in SGD) = 1.1 ÷ 0.21 |
5.34x |
* Primary Listing of Sheng Siong Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Sheng Siong Group is overvalued based on assets compared to the SG Consumer Retailing industry average.
Value checks
We assess Sheng Siong Group's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Consumer Retailing industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Consumer Retailing industry average (and greater than 0)? (1 check) Sheng Siong Group has a total score of 1/6, 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.
OV8 Future Performance
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!
Earnings growth vs Low Risk Savings
- Sheng Siong Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
- Sheng Siong Group's earnings growth is expected to exceed the Singapore market average.
- Sheng Siong Group's revenue growth is positive but not above the Singapore market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SGX:OV8 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts | 5.8% |
| SGX:OV8 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts | 4.4% |
| Asia Consumer Retailing Industry Earnings Growth Rate | Market Cap Weighted Average | 23.2% |
| Asia Consumer Retailing Industry Revenue Growth Rate | Market Cap Weighted Average | 12% |
| Singapore Market Earnings Growth Rate | Market Cap Weighted Average | 5.7% |
| 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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
| Date (Data in SGD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 1,135 | 1 | ||
| 2022-12-31 | 1,088 | 1 | ||
| 2021-12-31 | 1,048 | 109 | 85 | 5 |
| 2020-12-31 | 1,001 | 106 | 82 | 8 |
| 2019-12-31 | 959 | 99 | 76 | 8 |
| Date (Data in SGD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 914 | 88 | 72 |
| 2018-12-31 | 891 | 92 | 71 |
| 2018-09-30 | 869 | 82 | 70 |
| 2018-06-30 | 853 | 84 | 72 |
| 2018-03-31 | 841 | 85 | 71 |
| 2017-12-31 | 830 | 79 | 70 |
| 2017-09-30 | 827 | 82 | 68 |
| 2017-06-30 | 818 | 84 | 64 |
| 2017-03-31 | 805 | 80 | 63 |
| 2016-12-31 | 797 | 78 | 63 |
| 2016-09-30 | 787 | 75 | 62 |
| 2016-06-30 | 784 | 76 | 61 |
*GAAP earnings excluding extraordinary items.
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 8 Analyst Estimates (S&P Global) | See Below |
All data from Sheng Siong Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SGD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 0.06 | 0.06 | 0.05 | 4.00 |
| 2020-12-31 | 0.05 | 0.06 | 0.05 | 7.00 |
| 2019-12-31 | 0.05 | 0.05 | 0.05 | 7.00 |
| Date (Data in SGD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.05 |
| 2018-12-31 | 0.05 |
| 2018-09-30 | 0.05 |
| 2018-06-30 | 0.05 |
| 2018-03-31 | 0.05 |
| 2017-12-31 | 0.05 |
| 2017-09-30 | 0.05 |
| 2017-06-30 | 0.04 |
| 2017-03-31 | 0.04 |
| 2016-12-31 | 0.04 |
| 2016-09-30 | 0.04 |
| 2016-06-30 | 0.04 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Sheng Siong Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Sheng Siong Group has a total score of 3/6, 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.
OV8 Past Performance
How has Sheng Siong Group 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
Past Earnings growth analysis
- Sheng Siong Group's year on year earnings growth rate has been positive over the past 5 years.
- Sheng Siong Group's 1-year earnings growth is less than its 5-year average (1.3% vs 10.8%)
- Sheng Siong Group's earnings growth has not exceeded the Asia Consumer Retailing industry average in the past year (1.3% vs 14.5%).
Earnings and Revenue History
All data from Sheng Siong Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SGD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 914.09 | 71.88 | 164.09 | |
| 2018-12-31 | 890.93 | 70.80 | 159.87 | |
| 2018-09-30 | 869.46 | 70.09 | 156.94 | |
| 2018-06-30 | 852.50 | 71.95 | 151.26 | |
| 2018-03-31 | 841.04 | 70.93 | 147.54 | |
| 2017-12-31 | 829.88 | 69.79 | 143.45 | |
| 2017-09-30 | 826.55 | 68.36 | 140.36 | |
| 2017-06-30 | 818.02 | 64.33 | 140.59 | |
| 2017-03-31 | 805.26 | 63.37 | 138.59 | |
| 2016-12-31 | 796.68 | 62.65 | 137.78 | |
| 2016-09-30 | 786.78 | 61.87 | 135.07 | |
| 2016-06-30 | 784.38 | 60.69 | 133.15 | |
| 2016-03-31 | 774.62 | 59.15 | 131.31 | |
| 2015-12-31 | 764.43 | 56.79 | 129.70 | |
| 2015-09-30 | 755.71 | 53.97 | 127.50 | |
| 2015-06-30 | 742.08 | 51.69 | 125.52 | |
| 2015-03-31 | 734.64 | 49.13 | 123.90 | |
| 2014-12-31 | 725.99 | 47.60 | 121.68 | |
| 2014-09-30 | 718.02 | 45.13 | 121.06 | |
| 2014-06-30 | 709.48 | 43.51 | 119.24 | |
| 2014-03-31 | 697.70 | 40.94 | 117.14 | |
| 2013-12-31 | 687.39 | 38.91 | 115.23 | |
| 2013-09-30 | 677.89 | 37.57 | 113.81 | |
| 2013-06-30 | 669.75 | 36.81 | 112.20 | |
| 2013-03-31 | 656.91 | 35.34 | 109.57 | |
| 2012-12-31 | 637.32 | 41.68 | 104.67 | |
| 2012-09-30 | 615.28 | 37.44 | 100.56 |
*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.
- Sheng Siong Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Sheng Siong Group used its assets more efficiently than the Asia Consumer Retailing industry average last year based on Return on Assets.
- Sheng Siong Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Sheng Siong Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Consumer Retailing industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Sheng Siong Group has a total score of 3/6, 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.
OV8 Health
How is Sheng Siong Group'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 Sheng Siong Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- Sheng Siong Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Sheng Siong Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Sheng Siong Group has no debt, it does not need to be covered by short term assets.
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.
All data from Sheng Siong Group Company Filings, last reported 3 months ago.
| Date (Data in SGD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 311.87 | 0.00 | 86.31 |
| 2018-12-31 | 292.37 | 0.00 | 90.68 |
| 2018-09-30 | 274.94 | 0.00 | 67.18 |
| 2018-06-30 | 282.31 | 0.00 | 75.72 |
| 2018-03-31 | 291.53 | 0.00 | 78.64 |
| 2017-12-31 | 273.17 | 0.00 | 76.41 |
| 2017-09-30 | 256.45 | 0.00 | 64.46 |
| 2017-06-30 | 260.23 | 0.00 | 69.59 |
| 2017-03-31 | 271.81 | 0.00 | 68.32 |
| 2016-12-31 | 254.85 | 0.00 | 66.20 |
| 2016-09-30 | 239.35 | 0.00 | 46.37 |
| 2016-06-30 | 249.48 | 0.00 | 50.80 |
| 2016-03-31 | 260.62 | 0.00 | 113.94 |
| 2015-12-31 | 244.20 | 0.00 | 130.14 |
| 2015-09-30 | 229.59 | 0.00 | 126.02 |
| 2015-06-30 | 241.42 | 0.00 | 131.68 |
| 2015-03-31 | 250.34 | 0.00 | 139.40 |
| 2014-12-31 | 236.28 | 0.00 | 133.45 |
| 2014-09-30 | 224.48 | 0.00 | 178.70 |
| 2014-06-30 | 154.01 | 0.00 | 95.64 |
| 2014-03-31 | 162.30 | 0.00 | 111.77 |
| 2013-12-31 | 149.77 | 0.00 | 103.46 |
| 2013-09-30 | 140.45 | 0.00 | 107.58 |
| 2013-06-30 | 146.47 | 0.00 | 117.65 |
| 2013-03-31 | 162.18 | 0.00 | 123.12 |
| 2012-12-31 | 151.68 | 0.00 | 122.87 |
| 2012-09-30 | 143.69 | 0.00 | 107.23 |
- Sheng Siong Group has no debt.
- Sheng Siong Group has not taken on any debt in the past 5 years.
- Sheng Siong Group has no debt, it does not need to be covered by operating cash flow.
- Sheng Siong Group has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Sheng Siong Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Sheng Siong Group has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
OV8 Dividends
What is Sheng Siong Group'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
If you bought
SGD2,000 of
Sheng Siong Group
shares you are expected to receive
SGD62
in your first year as a dividend.
Dividend Amount
- Sheng Siong Group's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.55%).
- Sheng Siong Group's dividend is below the markets top 25% of dividend payers in Singapore (5.5%).
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.
| 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 8 Analyst Estimates (S&P Global) | See Below |
| Asia Consumer Retailing Industry Average Dividend Yield | Market Cap Weighted Average of 18 Stocks | 2.7% |
| Singapore Market Average Dividend Yield | Market Cap Weighted Average of 278 Stocks | 3.8% |
| Singapore Minimum Threshold Dividend Yield | 10th Percentile | 1.7% |
| Singapore Bottom 25% Dividend Yield | 25th Percentile | 2.6% |
| 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.
| Date (Data in SGD) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.04 | 3.00 |
| 2020-12-31 | 0.04 | 5.00 |
| 2019-12-31 | 0.04 | 5.00 |
| Date (Data in SGD) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-10 | 0.034 | 3.172 |
| 2018-07-30 | 0.034 | 3.133 |
| 2018-04-12 | 0.033 | 3.207 |
| 2017-07-27 | 0.034 | 3.643 |
| 2017-02-24 | 0.038 | 3.852 |
| 2016-10-26 | 0.038 | 3.920 |
| 2016-07-26 | 0.038 | 3.616 |
| 2016-02-23 | 0.035 | 3.999 |
| 2015-10-22 | 0.035 | 4.158 |
| 2015-07-23 | 0.035 | 4.092 |
| 2015-04-07 | 0.030 | 3.575 |
| 2015-02-25 | 0.030 | 3.931 |
| 2014-07-23 | 0.029 | 4.265 |
| 2014-02-20 | 0.026 | 4.186 |
| 2013-07-23 | 0.030 | 4.685 |
| 2013-02-21 | 0.035 | 5.307 |
| 2012-10-24 | 0.020 | 3.676 |
| 2012-07-26 | 0.020 | 4.255 |
| 2012-02-24 | 0.018 | 3.975 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Sheng Siong Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but Sheng Siong Group only paid a dividend in the past 7 years.
Income/ dividend checks
We assess Sheng Siong Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Sheng Siong Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Sheng Siong Group has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
OV8 Management
CEO
| COMPENSATION | SGD3,263,000 |
| AGE | 57 |
CEO Bio
Mr. Hock Chee Lim, BBM, serves as the Chief Executive Officer of Sheng Siong Group Ltd. Mr. Lim is instrumental in CMM Marketing and SS Supermarket Group's growth and has been leading the expansion of its business and operations since 1983. Mr. Lim was one of the founding shareholders of C M M Marketing Management Pte Ltd and Sheng Siong Supermarket Pte Ltd. Mr. Lim also manages CMM Marketing and SS Supermarket day-to-day operations, including overseeing aspects of the meat-related business of its grocery retailing operations, such as selection, supply, processing, storage and quality control. Mr. Lim has more than 31 years of experience in grocery retailing. Prior to that, Mr. Lim was employed in his family's hog rearing business. He has been an Executive Director of Sheng Siong Group Ltd, since November 10, 2010. He has been a Director of SS Supermarket since 1983. He was appointed to the Council of the Singapore Chinese Chamber of Commerce and Industry (SCCCI) in 2010 and remains as a Council Member after being re-elected in 2012 and 2014. He was appointed as the Vice-Chairman of Trade Association & Membership Committee in SCCCI, as well as a committee member of Singapore Chinese Chamber Institute of Business. Mr. Lim was awarded the Pingat Bakti Masyarakat, or the Public Service Medal by the Singapore Prime Minister's Office in 2006 and the Long Service Award by the Singapore Prime Minister's Office in 2007.
CEO Compensation
- Hock Chee's compensation has been consistent with company performance over the past year, both up more than 20%.
- Hock Chee's remuneration is higher than average for companies of similar size in Singapore.
Management Team Tenure
Average tenure and age of the Sheng Siong Group management team in years:
- The average tenure for the Sheng Siong Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Hock Eng Lim
Executive Chairman
SGD3M
59
8.7 yrs
Hock Chee Lim
CEO & Executive Director
SGD3M
57
Ling San Tan
Vice Chairman
SGD3M
80
Hock Leng Lim
MD & Executive Director
SGD3M
54
Ruiwen Lin
Senior Manager of International Business Development & Executive Director
SGD387K
35
5.5 yrs
Soong Kit Wong
Finance Director
66
Chee Kit Woo
Acting Chief Information Officer
2.2 yrs
Ah Yi Law
Head of Business Development & Promotions
73
Lim Kent
Senior Manager of Human Resources
Lay Chin Lee
Director and Head of Purchasing & Promotions
64
Board of Directors Tenure
Average tenure and age of the Sheng Siong Group board of directors in years:
- The tenure for the Sheng Siong Group board of directors is about average.
Board of Directors
Hock Eng Lim
Executive Chairman
SGD3M
59
8.7 yrs
Hock Chee Lim
CEO & Executive Director
SGD3M
57
8.7 yrs
Ling San Tan
Vice Chairman
SGD3M
80
2.8 yrs
Hock Leng Lim
MD & Executive Director
SGD3M
54
8.7 yrs
Ruiwen Lin
Senior Manager of International Business Development & Executive Director
SGD387K
35
3.3 yrs
Francis Lee
Independent Director
SGD60K
53
8.1 yrs
Voon Hoo Jong
Independent Director
SGD60K
46
8.1 yrs
Yeow Tin Goh
Lead Independent Director
SGD60K
68
Robson Lee
Non-Executive Director
SGD60K
51
8.1 yrs
Poh Hong Tan
Independent Director
SGD60K
1.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (SGD) | Value (SGD) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 21. May 19 | Buy | Mondrian Investment Partners Limited | Company | 16. May 19 | 16. May 19 | 1,991,000 | SGD1.06 | SGD2,108,467 | ||
Management checks
We assess Sheng Siong Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Sheng Siong Group 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.
OV8 News
Simply Wall St News
Does Sheng Siong Group Ltd's (SGX:OV8) CEO Salary Compare Well With Others?
We looked at a group of companies with market capitalizations from S$1.4b to S$4.3b, and the median CEO total compensation was S$1.0m. … Thus we can conclude that Hock Chee Lim receives more in total compensation than the median of a group of companies in the same market, and of similar size to Sheng Siong Group Ltd. … We compared the total CEO remuneration paid by Sheng Siong Group Ltd, and compared it to remuneration at a group of similar sized companies.
Simply Wall St - – Full articleA Closer Look At Sheng Siong Group Ltd's (SGX:OV8) Impressive ROE
Check out our latest analysis for Sheng Siong Group How Do You Calculate Return On Equity? … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Sheng Siong Group: 23% = S$72m ÷ S$312m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Sheng Siong Group Have A Good Return On Equity?
Simply Wall St - – Full articleDon't Sell Sheng Siong Group Ltd (SGX:OV8) Before You Read This
We'll apply a basic P/E ratio analysis to Sheng Siong Group Ltd's (SGX:OV8), to help you decide if the stock is worth further research. … Sheng Siong Group has a price to earnings ratio of 22.38, based on the last twelve months. … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Sheng Siong Group: P/E of 22.38 = SGD1.07 ÷ SGD0.048 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good?
Simply Wall St - – Full articleCalculating The Fair Value Of Sheng Siong Group Ltd (SGX:OV8)
Using the most recent financial data, we'll take a look at whether the stock is fairly priced by estimating the company's future cash flows and discounting them to their present value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (SGD, Millions) SGD82.66 SGD89.40 SGD91.51 SGD93.64 SGD95.81 SGD98.02 SGD100.29 SGD102.60 SGD104.97 SGD107.39 Growth Rate Estimate Source Analyst x3 Analyst x3 Analyst x3 Est @ 2.32% Est @ 2.32% Est @ 2.31% Est @ 2.31% Est @ 2.31% Est @ 2.31% Est @ 2.31% Present Value (SGD, Millions) Discounted @ 7.07% SGD77.20 SGD77.98 SGD74.55 SGD71.25 SGD68.08 SGD65.06 SGD62.17 SGD59.40 SGD56.76 SGD54.23 Present Value of 10-year Cash Flow (PVCF)= SGD666.68m "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = S$107m × (1 + 2.3%) ÷ (7.1% – 2.3%) = S$2.3b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = SGDS$2.3b ÷ ( 1 + 7.1%)10 = SGD1.16b The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is SGD1.83b.
Simply Wall St - – Full articleDo Insiders Own Shares In Sheng Siong Group Ltd (SGX:OV8)?
Check out our latest analysis for Sheng Siong Group SGX:OV8 Ownership Summary, May 28th 2019 What Does The Institutional Ownership Tell Us About Sheng Siong Group? … We can see that Sheng Siong Group does have institutional investors; and they hold 15% of the stock. … Insider Ownership Of Sheng Siong Group The definition of an insider can differ slightly between different countries, but members of the board of directors always count.
Simply Wall St - – Full articleHow Does Sheng Siong Group Ltd (SGX:OV8) Fare As A Dividend Stock?
Is Sheng Siong Group Ltd (SGX:OV8) a good dividend stock? … Looking at the data, we can see that Sheng Siong Group has been paying a dividend for the past seven years. … It's good to see that Sheng Siong Group has been paying a dividend for a number of years.
Simply Wall St - – Full articleSheng Siong Group Ltd (SGX:OV8): Ex-Dividend Is In 3 Days
Important news for shareholders and potential investors in Sheng Siong Group Ltd (SGX:OV8): The dividend payment of S$0.018 per share will be distributed to shareholders on 17 May 2019, and the stock will begin trading ex-dividend at an earlier date, 06 May 2019. … Should you diversify into Sheng Siong Group and boost your portfolio income stream? … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?
Simply Wall St - – Full articleWhy You Should Like Sheng Siong Group Ltd’s (SGX:OV8) ROCE
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleHow Much Are Sheng Siong Group Ltd (SGX:OV8) Insiders Taking Off The Table?
So before you buy or sell Sheng Siong Group Ltd (SGX:OV8), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Sheng Siong Group. … All up, insiders sold more shares in Sheng Siong Group than they bought, over the last year
Simply Wall St - – Full articleSheng Siong Group Ltd (SGX:OV8): What Are The Future Prospects?
On 31 December 2018, Sheng Siong Group Ltd (SGX:OV8) released its earnings update. … with earnings expected to grow by 9.5% in the upcoming year … the higher past 5-year average growth rate of 12%.
Simply Wall St - – Full articleOV8 Company Info
Description
Sheng Siong Group Ltd, an investment holding company, operates supermarkets in Singapore. The company’s stores offer an assortment of live, fresh, and chilled produce, such as seafood, meat, and vegetables; and packaged, processed, frozen, and/or preserved food products, as well as general merchandise, including toiletries and essential household products. It is also involved in general trading, and wholesale import and export businesses. In addition, the company operates allforyou.sg, an online shopping platform for groceries. It operates 54 supermarket/grocery retail stores in Singapore; and 1 supermarket/grocery retail store in Kunming, China under the Sheng Siong brand name. Sheng Siong Group Ltd. was founded in 1985 and is headquartered in Singapore.
Details
| Name: | Sheng Siong Group Ltd |
| OV8 | |
| Exchange: | SGX |
| Founded: | 1985 |
| SGD1,653,890,700 | |
| 1,503,537,000 | |
| Website: | http://www.shengsiong.com.sg |
| Address: |
Sheng Siong Group Ltd 6 Mandai Link, Singapore, 728652, Singapore |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SGX | OV8 | Ordinary Shares | Singapore Exchange | SG | SGD | 17. Aug 2011 | |
| BST | QSS | Ordinary Shares | Boerse-Stuttgart | DE | EUR | 17. Aug 2011 |
Number of employees
Current staff
Industry
| Food Retail | |
| Consumer Retailing |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/20 12:58 |
| End of day share price update: | 2019/07/19 00:00 |
| Last estimates confirmation: | 2019/07/15 |
| Last earnings filing: | 2019/04/26 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
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.
