SGX:CNE

Stock Analysis Report

Executive Summary

MindChamps PreSchool Limited owns and operates preschools and enrichment centers in Singapore.


Snowflake Analysis

Good value with moderate growth potential.


Similar Companies

Share Price & News

How has MindChamps PreSchool's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CNE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

8.9%

CNE

4.8%

SG Consumer Services

4.9%

SG Market


1 Year Return

-63.4%

CNE

5.0%

SG Consumer Services

-23.8%

SG Market

Return vs Industry: CNE underperformed the SG Consumer Services industry which returned 5.1% over the past year.

Return vs Market: CNE underperformed the SG Market which returned -23.8% over the past year.


Shareholder returns

CNEIndustryMarket
7 Day8.9%4.8%4.9%
30 Day-41.7%-23.1%-20.2%
90 Day-46.2%-0.6%-23.5%
1 Year-62.7%-63.4%6.9%5.0%-20.5%-23.8%
3 Yearn/a-12.7%-17.1%-17.1%-25.9%
5 Yearn/a-23.1%-30.1%-15.3%-29.8%

Price Volatility Vs. Market

How volatile is MindChamps PreSchool's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MindChamps PreSchool undervalued compared to its fair value and its price relative to the market?

33.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CNE (SGD0.25) is trading below our estimate of fair value (SGD0.37)

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


Price To Earnings Ratio

PE vs Industry: CNE is good value based on its PE Ratio (8.5x) compared to the Consumer Services industry average (15x).

PE vs Market: CNE is good value based on its PE Ratio (8.5x) compared to the SG market (10.2x).


Price to Earnings Growth Ratio

PEG Ratio: CNE is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: CNE is overvalued based on its PB Ratio (0.9x) compared to the SG Consumer Services industry average (0.8x).


Next Steps

Future Growth

How is MindChamps PreSchool forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

5.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CNE's forecast earnings growth (5.2% per year) is above the savings rate (1.8%).

Earnings vs Market: CNE's earnings (5.2% per year) are forecast to grow faster than the SG market (5% per year).

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

Revenue vs Market: CNE's revenue (10.3% per year) is forecast to grow faster than the SG market (4.1% per year).

High Growth Revenue: CNE's revenue (10.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CNE's Return on Equity is forecast to be low in 3 years time (6.5%).


Next Steps

Past Performance

How has MindChamps PreSchool performed over the past 5 years?

13.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CNE has high quality earnings.

Growing Profit Margin: CNE's current net profit margins (12.9%) are lower than last year (17.3%).


Past Earnings Growth Analysis

Earnings Trend: CNE's earnings have grown by 13.6% per year over the past 5 years.

Accelerating Growth: CNE's earnings growth over the past year (8.5%) is below its 5-year average (13.6% per year).

Earnings vs Industry: CNE earnings growth over the past year (8.5%) underperformed the Consumer Services industry 10.7%.


Return on Equity

High ROE: CNE's Return on Equity (11.1%) is considered low.


Next Steps

Financial Health

How is MindChamps PreSchool's financial position?


Financial Position Analysis

Short Term Liabilities: CNE's short term assets (SGD27.3M) do not cover its short term liabilities (SGD35.4M).

Long Term Liabilities: CNE's short term assets (SGD27.3M) do not cover its long term liabilities (SGD57.9M).


Debt to Equity History and Analysis

Debt Level: CNE's debt to equity ratio (66%) is considered high.

Reducing Debt: CNE's debt to equity ratio has increased from 0% to 66% over the past 5 years.

Debt Coverage: CNE's debt is well covered by operating cash flow (20.6%).

Interest Coverage: CNE's interest payments on its debt are not well covered by EBIT (0.4x coverage).


Balance Sheet

Inventory Level: CNE has a high level of physical assets or inventory.

Debt Coverage by Assets: CNE's debt is not covered by short term assets (assets are 0.7x debt).


Next Steps

Dividend

What is MindChamps PreSchool's current dividend yield, its reliability and sustainability?

1.36%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CNE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CNE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CNE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CNE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CNE is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CNE's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

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

2.3yrs

Average board tenure


CEO

David Chiem (49yo)

no data

Tenure

Mr. Phu An Chiem, also known as David, founded MindChamps Holdings Pte. Limited and MindChamps PreSchool Limited and serves as its Chairman and Group Chief Executive Officer and has been its Director sinc ...


Board Members

NamePositionTenureCompensationOwnership
Phu An Chiem
Founderno datano data0.79% SGD468.1k
Suan Hiang Lee
Independent Director2.33yrsno datano data
Philip Antony Jeyaretnam
Lead Independent Director2.33yrsno datano data
Catherine Du
Non-Independent Non-Executive Director9.75yrsno data0.71% SGD419.1k
Sung Sung Wu
Non-Independent Non-Executive Director5.58yrsno datano data
Chin Chor Phua
Independent Director2.33yrsno datano data

2.3yrs

Average Tenure

52.5yo

Average Age

Experienced Board: CNE's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

MindChamps PreSchool Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MindChamps PreSchool Limited
  • Ticker: CNE
  • Exchange: SGX
  • Founded: 2008
  • Industry: Education Services
  • Sector: Consumer Services
  • Market Cap: S$59.192m
  • Shares outstanding: 241.60m
  • Website: https://www.mindchamps.org/preschool

Number of Employees


Location

  • MindChamps PreSchool Limited
  • 6 Raffles Boulevard
  • No. 04-100 Marina Square
  • Singapore
  • 39594
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CNESGX (Singapore Exchange)YesOrdinary SharesSGSGDNov 2017

Biography

MindChamps PreSchool Limited owns and operates preschools and enrichment centers in Singapore. The company operates through Education, Franchise & Corporate, and Others segments. It provides infant care and bilingual academic programs, nursery, and kindergarten services. The company owns, operates, and franchises infant care centers for children from 2 to 18 months old; preschools for children from 18 months to 6 years old; and enrichment centers that offer reading and writing programs for children between 3 to 10 years old, as well as enrichment programs for children in the areas of neuroscience, child psychology, and theatre. It also operates commercial schools offering higher education programs. In addition, the company offers administrative support services; business and management consulting services; and asset management services. It also has preschools and enrichment centers in Australia, Abu Dhabi, Dubai, the Philippines, Vietnam, and Myanmar. The company was formerly known as MindChamps Preschool (Worldwide) Pte. Limited and changed its name to MindChamps PreSchool Limited in November 2017. MindChamps PreSchool Limited was founded in 2008 is headquartered in Singapore. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 13:19
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.