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Amara Holdings

SGX:A34
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A34
SGX
SGD273M
Market Cap
  1. Home
  2. SG
  3. Consumer Services
Company description

Amara Holdings Limited, an investment holding company, engages in the hotel investment and management; property investment and development; and specialty restaurants and food services businesses in Singapore, the People’s Republic of China, and Thailand. The last earnings update was 63 days ago. More info.


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A34 Share Price and Events
7 Day Returns
-2.1%
SGX:A34
0.4%
SG Hospitality
0.6%
SG Market
1 Year Returns
2.2%
SGX:A34
-20.8%
SG Hospitality
2.1%
SG Market
A34 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Amara Holdings (A34) -2.1% -1% -4% 2.2% 14.5% -20.2%
SG Hospitality 0.4% 2% -5.4% -20.8% 13.9% -23.6%
SG Market 0.6% 3.5% 0.4% 2.1% 9.8% -4.5%
1 Year Return vs Industry and Market
  • A34 outperformed the Hospitality industry which returned -20.8% over the past year.
  • A34 matched the Singapore Market (2.1%) over the past year.
Price Volatility
A34
Industry
5yr Volatility vs Market

A34 Value

 Is Amara Holdings 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 Amara Holdings 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 Amara Holdings.

SGX:A34 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
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:A34
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.928 (1 + (1- 17%) (133.94%))
1.643
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.64
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (1.643 * 5.96%)
12.1%

Discounted Cash Flow Calculation for SGX:A34 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Amara Holdings 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:A34 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 12.1%)
2020 1.28 Est @ -50.12% 1.14
2021 0.84 Est @ -34.39% 0.67
2022 0.64 Est @ -23.38% 0.46
2023 0.54 Est @ -15.68% 0.34
2024 0.49 Est @ -10.28% 0.28
2025 0.46 Est @ -6.51% 0.23
2026 0.44 Est @ -3.86% 0.20
2027 0.43 Est @ -2.01% 0.17
2028 0.43 Est @ -0.72% 0.15
2029 0.43 Est @ 0.19% 0.14
Present value of next 10 years cash flows SGD3.77
SGX:A34 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SGD0.43 × (1 + 2.3%) ÷ (12.1% – 2.3%)
SGD4.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD4.46 ÷ (1 + 12.1%)10
SGD1.42
SGX:A34 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD3.77 + SGD1.42
SGD5.20
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD5.20 / 574.97
SGD0.01
SGX:A34 Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD0.01
Current discount Discount to share price of SGD0.48
= -1 x (SGD0.48 - SGD0.01) / SGD0.01
-5156%

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

  • The current share price of Amara Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Amara Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Amara Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:A34 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SGD SGD0.06
SGX:A34 Share Price ** SGX (2019-07-17) in SGD SGD0.48
Singapore Hospitality Industry PE Ratio Median Figure of 14 Publicly-Listed Hospitality Companies 20.08x
Singapore Market PE Ratio Median Figure of 326 Publicly-Listed Companies 13.02x

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

** Primary Listing of Amara Holdings.

SGX:A34 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:A34 Share Price ÷ EPS (both in SGD)

= 0.48 ÷ 0.06

8.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Amara Holdings is good value based on earnings compared to the SG Hospitality industry average.
  • Amara Holdings is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does Amara Holdings's expected growth come at a high price?
Raw Data
SGX:A34 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-8.2%per year
Asia Hospitality Industry PEG Ratio Median Figure of 37 Publicly-Listed Hospitality Companies 1.86x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.66x

*Line of best fit is calculated by linear regression .

SGX:A34 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.41x ÷ -8.2%

-1.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Amara Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Amara Holdings's assets?
Raw Data
SGX:A34 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SGD SGD0.69
SGX:A34 Share Price * SGX (2019-07-17) in SGD SGD0.48
Singapore Hospitality Industry PB Ratio Median Figure of 18 Publicly-Listed Hospitality Companies 0.82x
Singapore Market PB Ratio Median Figure of 430 Publicly-Listed Companies 0.72x
SGX:A34 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:A34 Share Price ÷ Book Value per Share (both in SGD)

= 0.48 ÷ 0.69

0.69x

* Primary Listing of Amara Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Amara Holdings is good value based on assets compared to the SG Hospitality industry average.
X
Value checks
We assess Amara Holdings'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. Amara Holdings has a total score of 3/6, 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.

A34 Future Performance

 How is Amara Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-8.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Amara Holdings expected to grow at an attractive rate?
  • Amara Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Amara Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Singapore market average.
  • Amara Holdings's revenue growth is expected to exceed the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:A34 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:A34 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -8.2%
SGX:A34 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 7.7%
Singapore Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 9.9%
Singapore Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.6%
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
Raw Data
SGX:A34 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:A34 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 136 24 1
2020-12-31 129 22 1
2019-12-31 124 18 1
SGX:A34 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-03-31 107 18 33
2018-12-31 104 30 32
2018-09-30 103 23 23
2018-06-30 99 16 24
2018-03-31 91 14 24
2017-12-31 90 1 24
2017-09-30 85 5 8
2017-06-30 82 9 8
2017-03-31 82 20 10
2016-12-31 82 28 37
2016-09-30 80 34 42
2016-06-30 79 34 41

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Amara Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Amara Holdings's revenue is expected to grow by 7.7% 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:A34 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 1 Analyst Estimates (S&P Global) See Below

All data from Amara Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:A34 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
SGX:A34 Past Financials Data
Date (Data in SGD Millions) EPS *
2019-03-31 0.06
2018-12-31 0.06
2018-09-30 0.04
2018-06-30 0.04
2018-03-31 0.04
2017-12-31 0.04
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.02
2016-12-31 0.06
2016-09-30 0.07
2016-06-30 0.07

*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.
  • Amara Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Amara Holdings'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 Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore 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.
Amara Holdings has a total score of 1/6, 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.

A34 Past Performance

  How has Amara Holdings 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 Amara Holdings's growth in the last year to its industry (Hospitality).
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.
  • Amara Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Amara Holdings's 1-year earnings growth exceeds its 5-year average (34.6% vs -5.6%)
  • Amara Holdings's earnings growth has exceeded the SG Hospitality industry average in the past year (34.6% vs -11.2%).
Earnings and Revenue History
Amara Holdings'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 Amara Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:A34 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 107.29 32.57 2.92
2018-12-31 104.07 31.97 2.92
2018-09-30 103.49 22.94 2.41
2018-06-30 98.59 23.65 2.41
2018-03-31 91.02 24.20 2.41
2017-12-31 90.10 23.69 2.41
2017-09-30 84.60 7.58
2017-06-30 82.46 8.33
2017-03-31 82.44 10.20
2016-12-31 81.59 37.08
2016-09-30 79.69 42.14 4.29
2016-06-30 78.59 40.92 4.29
2016-03-31 79.62 39.14 4.29
2015-12-31 82.51 14.33 4.29
2015-09-30 81.80 31.81 3.84
2015-06-30 81.35 32.69 3.84
2015-03-31 81.90 35.57 3.84
2014-12-31 76.04 35.30 3.84
2014-09-30 75.91 27.47
2014-06-30 75.86 27.69
2014-03-31 73.93 25.22
2013-12-31 80.74 26.80
2013-09-30 98.80 33.28
2013-06-30 101.08 33.11
2013-03-31 98.87 32.39
2012-12-31 90.35 29.43
2012-09-30 68.71 33.78

*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.
  • Amara Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Amara Holdings used its assets more efficiently than the SG Hospitality industry average last year based on Return on Assets.
  • Amara Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Amara Holdings'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 Hospitality 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.
Amara Holdings has a total score of 4/6, 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.

A34 Health

 How is Amara Holdings'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 Amara Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Amara Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Amara Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Amara Holdings'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.
  • Debt is not covered by short term assets, assets are 0.4x debt.
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 Amara Holdings Company Filings, last reported 3 months ago.

SGX:A34 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 398.18 328.51 13.73
2018-12-31 399.37 329.60 14.98
2018-09-30 375.70 332.55 13.31
2018-06-30 376.97 332.01 10.16
2018-03-31 383.23 324.46 9.08
2017-12-31 378.40 325.91 8.98
2017-09-30 360.91 336.36 10.45
2017-06-30 357.08 337.20 15.04
2017-03-31 372.57 316.66 11.69
2016-12-31 373.65 311.02 16.02
2016-09-30 371.20 293.47 13.45
2016-06-30 366.63 288.64 12.56
2016-03-31 371.03 292.72 17.08
2015-12-31 346.24 287.05 13.97
2015-09-30 341.90 286.44 18.63
2015-06-30 337.40 279.46 16.55
2015-03-31 345.33 260.04 8.91
2014-12-31 338.14 259.04 14.76
2014-09-30 312.92 252.94 14.22
2014-06-30 306.66 245.34 13.68
2014-03-31 308.45 226.75 8.04
2013-12-31 306.60 221.38 13.73
2013-09-30 289.76 214.62 11.49
2013-06-30 286.11 227.17 29.62
2013-03-31 285.82 210.91 15.45
2012-12-31 279.60 221.94 16.20
2012-09-30 228.33 216.46 11.36
  • Amara Holdings's level of debt (91.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (73.6% vs 91.9% today).
  • Debt is not well covered by operating cash flow (4.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Amara Holdings'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. Amara Holdings has a total score of 1/6, 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.

A34 Dividends

 What is Amara Holdings'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
2.11%
Current annual income from Amara Holdings dividends.
If you bought SGD2,000 of Amara Holdings shares you are expected to receive SGD42 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?
  • Amara Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Singapore (2.58%).
  • Amara Holdings's dividend is below the markets top 25% of dividend payers in Singapore (5.53%).
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:A34 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 1 Analyst Estimates (S&P Global) See Below
Singapore Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.1%
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.

SGX:A34 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
SGX:A34 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-04-11 0.010 2.072
2018-04-25 0.010 2.169
2017-04-13 0.010 1.872
2017-02-22 0.010 1.973
2016-04-11 0.010 2.443
2015-04-13 0.010 2.175
2014-03-13 0.010 1.846
2013-04-09 0.006 1.075
2012-04-12 0.006 1.434
2012-02-28 0.006 1.574
2011-04-18 0.005 1.480
2011-02-28 0.005 1.155
2010-04-16 0.005 1.100
2010-02-25 0.005 0.986
2009-04-06 0.005 1.265

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Amara Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Amara Holdings'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 Amara Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Amara Holdings 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.

A34 Management

 What is the CEO of Amara Holdings'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
Albert Teo
AGE 71
TENURE AS CEO 30.5 years
CEO Bio

Mr. Hock Chuan Teo, also known as Albert, serves as the Chairman of Amara Holdings Limited and has been its Chief Executive Officer since 1989. Mr. Teo was instrumental in spearheading the Direction and Development of Amara Holdings Ltd for the past 13 years. He also broadened the Amara Holdings’s earnings base through an expansion of its Asian presence and directed the establishment of specialty food services in Singapore. He played a pivotal role in Amara Holdings Ltd.'s diversification strategy and broadened its earnings base through an expansion of its Asian presence and the establishment of specialty food services in Singapore. More recently, a brainchild of Mr. Teo the Silk Road Restaurant, which was launched at Amara Singapore in November 2001, has been enjoying brisk business since its opening. He spent many years in the profession, firstly with an international public accounting firm then moving to a large listed group involved in wholesaling, manufacturing and retailing. Finally, he wrapped up his career, prior to Amara Holdings Ltd., in the banking industry. He serves as a Council Member of the Real Estate Developers' Association of Singapore as well as an Executive Board Member of the Singapore Hotel Association. He serves as a Member of the Board of Trustees at the Tan Tock Seng Hospital Community Charity Fund. He has been an Executive Director of Amara Holdings Ltd. since 1984. and previously served as its Non-Executive Director since 1970. He served as a Non-Executive and Independent Director of Wee Poh Holdings Limited. from December 17, 1999 to February 1, 2001. Mr. Teo holds a Bachelor of Commerce degree from the University of Western Australia and is an Associate Member of the Institute of Chartered Accountants in Australia and the Institute of Chartered Secretaries and Administrators of London.

CEO Compensation
  • Insufficient data for Albert to compare compensation growth.
  • Insufficient data for Albert to establish whether their remuneration is reasonable compared to companies of similar size in Singapore.
Management Team Tenure

Average tenure and age of the Amara Holdings management team in years:

30.5
Average Tenure
64
Average Age
  • The average tenure for the Amara Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Albert Teo

TITLE
Chairman & CEO
AGE
71
TENURE
30.5 yrs

Margaret Pmg

TITLE
Chief Financial Officer

Andrew Chang

TITLE
Group Administration Manager

Susan Teo

TITLE
Company Secretary & Executive Director
AGE
64
TENURE
34.8 yrs

Soon Soo Foo

TITLE
Company Secretary
AGE
60
TENURE
14.3 yrs
Board of Directors Tenure

Average tenure and age of the Amara Holdings board of directors in years:

3.7
Average Tenure
65.5
Average Age
  • The tenure for the Amara Holdings board of directors is about average.
Board of Directors

Albert Teo

TITLE
Chairman & CEO
AGE
71

Susan Teo

TITLE
Company Secretary & Executive Director
AGE
64
TENURE
24.2 yrs

Ko Hing Foo

TITLE
Lead Independent Director
AGE
61
TENURE
0.3 yrs

Kwok Ping Chia

TITLE
Independent Director
AGE
48
TENURE
3.7 yrs

Tiong Cheng Tan

TITLE
Non-Executive Independent Director
AGE
69
TENURE
1.1 yrs

Lawrence Mok

TITLE
Non-Executive Director
AGE
67
TENURE
24.2 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)
X
Management checks
We assess Amara Holdings'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. Amara Holdings 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.

A34 News

Simply Wall St News

How Does Amara Holdings Limited's (SGX:A34) Earnings Growth Stack Up Against Industry Performance?

When Amara Holdings Limited (SGX:A34) announced its most recent earnings (31 March 2019), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Check out our latest analysis for Amara Holdings How Well Did A34 Perform? … I recommend you continue to research Amara Holdings to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for A34’s future growth?

Simply Wall St -

Was Amara Holdings Limited's (SGX:A34) Earnings Growth Better Than The Industry's?

When Amara Holdings Limited (SGX:A34) released its most recent earnings update (31 March 2019), I wanted to understand how these figures stacked up against its past performance. … However, its return on assets (ROA) of 5.3% exceeds the SG Hospitality industry of 3.5%, indicating Amara Holdings has used its assets more efficiently. … You should continue to research Amara Holdings to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for A34’s future growth?

Simply Wall St -

The Amara Holdings (SGX:A34) Share Price Is Down 20% So Some Shareholders Are Getting Worried

But the main game is to find enough winners to more than offset the losers At this point some shareholders may be questioning their investment in Amara Holdings Limited (SGX:A34), since the last five years saw the share price fall 20%. … During the unfortunate half decade during which the share price slipped, Amara Holdings actually saw its earnings per share (EPS) improve by 5.2% per year. … We note that for Amara Holdings the TSR over the last 5 years was -6.1%, which is better than the share price return mentioned above.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Amara Holdings Limited (SGX:A34)

We'll apply a basic P/E ratio analysis to Amara Holdings Limited's (SGX:A34), to help you decide if the stock is worth further research. … Based on the last twelve months, Amara Holdings's P/E ratio is 8.99. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Is Amara Holdings Limited (SGX:A34) Investing Your Capital Efficiently?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Can We See Significant Insider Ownership On The Amara Holdings Limited (SGX:A34) Share Register?

The big shareholder groups in Amara Holdings Limited (SGX:A34) have power over the company. … With a market capitalization of S$273m, Amara Holdings is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Amara Holdings

Simply Wall St -

Has Amara Holdings Limited (SGX:A34) Improved Earnings Growth In Recent Times?

Understanding how Amara Holdings Limited (SGX:A34) is performing as a company requires looking at more than just a years' earnings. … Today I will run you through a basic sense check to gain perspective on how Amara Holdings is doing by comparing its latest earnings with its long-term trend as well as the performance of its hospitality industry peers. … Check out our latest analysis for Amara Holdings?

Simply Wall St -

The Amara Holdings Share Price Is Down 18% So Some Shareholders Are Getting Worried

Unfortunately the Amara Holdings Limited (SGX:A34) share price slid 18% over twelve months. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the unfortunate twelve months during which the Amara Holdings share price fell, it actually saw its earnings per share (EPS) improve by 205%.

Simply Wall St -

Amara Holdings Limited (SGX:A34): A Fundamentally Attractive Investment

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … In the case of Amara Holdings Limited (SGX:A34), there's

Simply Wall St -

Read This Before You Buy Amara Holdings Limited (SGX:A34) Because Of Its P/E Ratio

We'll show how you can use Amara Holdings Limited's (SGX:A34) P/E ratio to inform your assessment of the investment opportunity. … Amara Holdings has a price to earnings ratio of 10.69, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

A34 Company Info

Description

Amara Holdings Limited, an investment holding company, engages in the hotel investment and management; property investment and development; and specialty restaurants and food services businesses in Singapore, the People’s Republic of China, and Thailand. It invests in and develops office, retail, and residential developments. The company is also involved in the share trading and investment activities; and the provision of construction services, as well as in franchising business. In addition, it offers management and technical advisory services for the management and development of hotels and resorts; and general management and administrative services. The company was incorporated in 1970 and is based in Singapore. Amara Holdings Limited is a subsidiary of First Security Pte Ltd.

Details
Name: Amara Holdings Limited
A34
Exchange: SGX
Founded: 1970
SGD273,109,895
574,968,200
Website: http://www.amaraholdings.com
Address: Amara Holdings Limited
No. 06-01 100 Tras Street, 100 AM,
Singapore,
079027,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX A34 Ordinary Shares Singapore Exchange SG SGD 18. Aug 1997
Number of employees
Current staff
Staff numbers
519
Amara Holdings employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 12:37
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/03/05
Last earnings filing: 2019/05/15
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.