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Sheng Siong Group

SGX:OV8
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OV8
SGX
SGD2B
Market Cap
  1. Home
  2. SG
  3. Consumer Retailing
Company description

Sheng Siong Group Ltd, an investment holding company, operates supermarkets in Singapore. The last earnings update was 60 days ago. More info.


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OV8 Share Price and Events
7 Day Returns
0.9%
SGX:OV8
2.7%
SG Consumer Retailing
2.7%
SG Market
1 Year Returns
4.8%
SGX:OV8
-12.1%
SG Consumer Retailing
0.8%
SG Market
OV8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sheng Siong Group (OV8) 0.9% 0.9% 3.8% 4.8% 24.6% 67.7%
SG Consumer Retailing 2.7% 0.4% -5.4% -12.1% 15.2% -26%
SG Market 2.7% 4.1% 2.4% 0.8% 14.7% -4.4%
1 Year Return vs Industry and Market
  • OV8 outperformed the Consumer Retailing industry which returned -12.1% over the past year.
  • OV8 outperformed the Market in Singapore which returned 0.8% over the past year.
Price Volatility
OV8
Industry
5yr Volatility vs Market

OV8 Value

 Is Sheng Siong Group 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 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sheng Siong Group.

SGX:OV8 Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for SGX:OV8
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 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.466 (1 + (1- 17%) (2.83%))
0.65
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.

SGX:OV8 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 7.07%)
2019 87.56 Analyst x3 81.78
2020 99.63 Analyst x3 86.91
2021 103.34 Analyst x3 84.19
2022 106.70 Est @ 3.25% 81.19
2023 109.87 Est @ 2.97% 78.08
2024 112.91 Est @ 2.77% 74.94
2025 115.88 Est @ 2.63% 71.83
2026 118.81 Est @ 2.53% 68.78
2027 121.74 Est @ 2.46% 65.82
2028 124.68 Est @ 2.41% 62.96
Present value of next 10 years cash flows SGD756.47
SGX:OV8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD124.68 × (1 + 2.3%) ÷ (7.07% – 2.3%)
SGD2,675.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD2,675.06 ÷ (1 + 7.07%)10
SGD1,350.87
SGX:OV8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD756.47 + SGD1,350.87
SGD2,107.35
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD2,107.35 / 1,503.54
SGD1.4
SGX:OV8 Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD1.40
Current discount Discount to share price of SGD1.09
= -1 x (SGD1.09 - SGD1.40) / SGD1.40
22.2%

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

Current Discount
Amount off the current price Sheng Siong Group is available for.
Intrinsic value
22%
Share price is SGD1.09 vs Future cash flow value of SGD1.4
Current Discount Checks
For Sheng Siong Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
SGX:OV8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SGD SGD0.05
SGX:OV8 Share Price ** SGX (2019-06-25) in SGD SGD1.09
Asia Consumer Retailing Industry PE Ratio Median Figure of 47 Publicly-Listed Consumer Retailing Companies 19.61x
Singapore Market PE Ratio Median Figure of 324 Publicly-Listed Companies 12.49x

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

** Primary Listing of Sheng Siong Group.

SGX:OV8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:OV8 Share Price ÷ EPS (both in SGD)

= 1.09 ÷ 0.05

22.8x

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?
Raw Data
SGX:OV8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.8x
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 7 Publicly-Listed Consumer Retailing Companies 3.83x
Singapore Market PEG Ratio Median Figure of 118 Publicly-Listed Companies 1.64x

*Line of best fit is calculated by linear regression .

SGX:OV8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.8x ÷ 5.8%

3.93x

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?
Raw Data
SGX:OV8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SGD SGD0.21
SGX:OV8 Share Price * SGX (2019-06-25) in SGD SGD1.09
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 0.7x
SGX:OV8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:OV8 Share Price ÷ Book Value per Share (both in SGD)

= 1.09 ÷ 0.21

5.29x

* 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.
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Value checks
We assess Sheng Siong Group'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 Consumer Retailing 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 Consumer Retailing industry average (and greater than 0)? (1 check)
  5. 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

 How is Sheng Siong Group expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

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
5.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sheng Siong Group expected to grow at an attractive rate?
  • 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
Raw Data
SGX:OV8 Future Growth Rates Data Sources
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 22.2%
Asia Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 10.4%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.6%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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:OV8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:OV8 Future Estimates Data
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
SGX:OV8 Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Sheng Siong Group's earnings are expected to grow by 5.8% yearly, however this is not considered high growth (20% yearly).
  • Sheng Siong Group's revenue is expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
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:OV8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 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 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:OV8 Future Estimates Data
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
SGX:OV8 Past Financials Data
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.

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.
  • Sheng Siong Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Sheng Siong Group'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 Asia 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.
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
Below we compare Sheng Siong Group's growth in the last year to its industry (Consumer Retailing).
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.
  • 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 14.8%).
Earnings and Revenue History
Sheng Siong Group'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 Sheng Siong Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:OV8 Past Revenue, Cash Flow and Net Income Data
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
2012-06-30 591.83 34.25 96.94

*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).
X
Past performance checks
We assess Sheng Siong Group'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 Consumer Retailing 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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Sheng Siong Group'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.
  • 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.
Raw Data

All data from Sheng Siong Group Company Filings, last reported 2 months ago.

SGX:OV8 Past Debt and Equity Data
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
2012-06-30 147.71 0.00 116.64
  • 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.
X
Financial health checks
We assess Sheng Siong Group'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. Sheng Siong Group has a total score of 6/6, 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.

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
Dividend payments
3.12%
Current annual income from Sheng Siong Group dividends. Estimated to be 3.48% next year.
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
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?
  • Sheng Siong Group's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.63%).
  • Sheng Siong Group's dividend is below the markets top 25% of dividend payers in Singapore (5.59%).
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:OV8 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 8 Analyst Estimates (S&P Global) See Below
Asia Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2.8%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 277 Stocks 3.9%
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 5.6%

Industry and Market average data is calculated daily.

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

SGX:OV8 Future Dividends Estimate Data
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
SGX:OV8 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-04-10 0.034 3.199
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.
Current Payout to shareholders
What portion of Sheng Siong Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Sheng Siong Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 Sheng Siong Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of Sheng Siong Group'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
Hock Chee Lim
COMPENSATION SGD3,263,000
AGE 56
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:

5.4
Average Tenure
60.5
Average Age
  • 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

TITLE
Executive Chairman
COMPENSATION
SGD3M
AGE
58
TENURE
8.6 yrs

Hock Chee Lim

TITLE
CEO & Executive Director
COMPENSATION
SGD3M
AGE
56

Ling San Tan

TITLE
Vice Chairman
COMPENSATION
SGD3M
AGE
79

Hock Leng Lim

TITLE
MD & Executive Director
COMPENSATION
SGD3M
AGE
53

Ruiwen Lin

TITLE
Senior Manager of International Business Development & Executive Director
COMPENSATION
SGD387K
AGE
34
TENURE
5.4 yrs

Soong Kit Wong

TITLE
Finance Director
AGE
65

Chee Kit Woo

TITLE
Acting Chief Information Officer
TENURE
2.1 yrs

Ah Yi Law

TITLE
Head of Business Development & Promotions
AGE
72

Lim Kent

TITLE
Senior Manager of Human Resources

Lay Chin Lee

TITLE
Director and Head of Purchasing & Promotions
AGE
63
Board of Directors Tenure

Average tenure and age of the Sheng Siong Group board of directors in years:

8
Average Tenure
53
Average Age
  • The tenure for the Sheng Siong Group board of directors is about average.
Board of Directors

Hock Eng Lim

TITLE
Executive Chairman
COMPENSATION
SGD3M
AGE
58
TENURE
8.6 yrs

Hock Chee Lim

TITLE
CEO & Executive Director
COMPENSATION
SGD3M
AGE
56
TENURE
8.6 yrs

Ling San Tan

TITLE
Vice Chairman
COMPENSATION
SGD3M
AGE
79
TENURE
2.7 yrs

Hock Leng Lim

TITLE
MD & Executive Director
COMPENSATION
SGD3M
AGE
53
TENURE
8.6 yrs

Ruiwen Lin

TITLE
Senior Manager of International Business Development & Executive Director
COMPENSATION
SGD387K
AGE
34
TENURE
3.2 yrs

Francis Lee

TITLE
Independent Director
COMPENSATION
SGD60K
AGE
52
TENURE
8 yrs

Voon Hoo Jong

TITLE
Independent Director
COMPENSATION
SGD60K
AGE
45
TENURE
8 yrs

Yeow Tin Goh

TITLE
Lead Independent Director
COMPENSATION
SGD60K
AGE
67

Robson Lee

TITLE
Non-Executive Director
COMPENSATION
SGD60K
AGE
50
TENURE
8 yrs

Poh Hong Tan

TITLE
Independent Director
COMPENSATION
SGD60K
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
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
X
Management checks
We assess Sheng Siong Group'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. 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

Don'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 -

Calculating 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 -

Do 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 -

How 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 -

Sheng 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 -

Why 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 -

How 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 -

Sheng 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 -

Is Sheng Siong Group Ltd (SGX:OV8) Excessively Paying Its CEO?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Hock Lim's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Sheng Siong Group Ltd has a market cap of S$1.6b, and is paying total annual CEO compensation of S$3.2m.

Simply Wall St -

How Do Analysts See Sheng Siong Group Ltd (SGX:OV8) Performing Over The Next Few Years?

Sheng Siong Group Ltd's (SGX:OV8) released its most recent earnings update in December 2018, whicha

Simply Wall St -

OV8 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
SGD1,623,819,960
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
Staff numbers
2,428
Sheng Siong Group employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 12:56
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2019/06/21
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.