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Genting Singapore

SGX:G13
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
G13
SGX
SGD12B
Market Cap
  1. Home
  2. SG
  3. Consumer Services
Company description

Genting Singapore Limited engages in the development, management, and operation of integrated resort destinations in Asia. The last earnings update was 25 days ago. More info.


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G13 Share Price and Events
7 Day Returns
0%
SGX:G13
0.7%
SG Hospitality
0.2%
SG Market
1 Year Returns
-9.8%
SGX:G13
-10.2%
SG Hospitality
-8.9%
SG Market
G13 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Genting Singapore (G13) 0% -6.5% 2.5% -9.8% 23.2% -23.2%
SG Hospitality 0.7% -3.8% 2% -10.2% 21.5% -10.3%
SG Market 0.2% -0.8% 3.5% -8.9% 7% -1.3%
1 Year Return vs Industry and Market
Price Volatility
G13
Industry
5yr Volatility vs Market

Value

 Is Genting Singapore 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 Genting Singapore 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    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Genting Singapore.

SGX:G13 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 20 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
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:G13
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 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.964 (1 + (1- 17%) (8.53%))
1.021
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (1.021 * 5.96%)
8.39%

Discounted Cash Flow Calculation for SGX:G13 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Genting Singapore 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:G13 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 8.39%)
2019 939.93 Analyst x8 867.17
2020 910.22 Analyst x9 774.76
2021 969.07 Analyst x6 760.99
2022 898.05 Analyst x2 650.63
2023 883.70 Analyst x1 590.68
2024 879.83 Est @ -0.44% 542.57
2025 883.22 Est @ 0.38% 502.50
2026 891.70 Est @ 0.96% 468.05
2027 903.85 Est @ 1.36% 437.70
2028 918.72 Est @ 1.65% 410.46
Present value of next 10 years cash flows SGD6,005.51
SGX:G13 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD918.72 × (1 + 2.3%) ÷ (8.39% – 2.3%)
SGD15,439.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD15,439.70 ÷ (1 + 8.39%)10
SGD6,898.10
SGX:G13 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD6,005.51 + SGD6,898.10
SGD12,903.60
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD12,903.60 / 12,057.23
SGD1.07
SGX:G13 Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD1.07
Current discount Discount to share price of SGD1.01
= -1 x (SGD1.01 - SGD1.07) / SGD1.07
5.6%

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

Current Discount
Amount off the current price Genting Singapore is available for.
Intrinsic value
6%
Share price is SGD1.01 vs Future cash flow value of SGD1.07
Current Discount Checks
For Genting Singapore to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Genting Singapore's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Genting Singapore'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 Genting Singapore's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Genting Singapore's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:G13 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.06
SGX:G13 Share Price ** SGX (2019-03-18) in SGD SGD1.01
Singapore Hospitality Industry PE Ratio Median Figure of 16 Publicly-Listed Hospitality Companies 19.47x
Singapore Market PE Ratio Median Figure of 330 Publicly-Listed Companies 12.8x

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

** Primary Listing of Genting Singapore.

SGX:G13 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:G13 Share Price ÷ EPS (both in SGD)

= 1.01 ÷ 0.06

16.1x

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

  • Genting Singapore is good value based on earnings compared to the SG Hospitality industry average.
  • Genting Singapore is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does Genting Singapore's expected growth come at a high price?
Raw Data
SGX:G13 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts
2.8%per year
Singapore Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.84x
Singapore Market PEG Ratio Median Figure of 121 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

SGX:G13 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.1x ÷ 2.8%

5.77x

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

  • Genting Singapore is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Genting Singapore's assets?
Raw Data
SGX:G13 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD0.65
SGX:G13 Share Price * SGX (2019-03-18) in SGD SGD1.01
Singapore Hospitality Industry PB Ratio Median Figure of 18 Publicly-Listed Hospitality Companies 0.86x
Singapore Market PB Ratio Median Figure of 433 Publicly-Listed Companies 0.75x
SGX:G13 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:G13 Share Price ÷ Book Value per Share (both in SGD)

= 1.01 ÷ 0.65

1.56x

* Primary Listing of Genting Singapore.

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

  • Genting Singapore is overvalued based on assets compared to the SG Hospitality industry average.
X
Value checks
We assess Genting Singapore'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. Genting Singapore 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.

Future Performance

 How is Genting Singapore expected to perform in the next 1 to 3 years based on estimates from 20 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
2.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Genting Singapore expected to grow at an attractive rate?
  • Genting Singapore's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Genting Singapore's earnings growth is positive but not above the Singapore market average.
  • Genting Singapore's revenue growth is positive but not above the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:G13 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:G13 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts 2.8%
SGX:G13 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 20 Analysts 2.8%
Singapore Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 6.2%
Singapore Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.4%
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:G13 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:G13 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 1,327
2021-12-31 2,779 1,223 824 10
2020-12-31 2,662 1,159 791 18
2019-12-31 2,607 1,130 764 20
SGX:G13 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,539 1,146 755
2018-09-30 2,455 1,049 738
2018-06-30 2,445 1,240 671
2018-03-31 2,481 1,258 637
2017-12-31 2,393 1,256 601
2017-09-30 2,370 1,264 627
2017-06-30 2,322 1,163 590
2017-03-31 2,207 1,194 437
2016-12-31 2,228 1,165 266
2016-09-30 2,218 1,214 99
2016-06-30 2,272 1,202 30
2016-03-31 2,370 1,240 23

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Genting Singapore's earnings are expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).
  • Genting Singapore's revenue is expected to grow by 2.8% 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:G13 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 20 Analyst Estimates (S&P Global) See Below

All data from Genting Singapore Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:G13 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.08 0.08 0.08 1.00
2021-12-31 0.07 0.10 0.05 10.00
2020-12-31 0.07 0.10 0.05 18.00
2019-12-31 0.07 0.10 0.05 20.00
SGX:G13 Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.06
2018-09-30 0.06
2018-06-30 0.06
2018-03-31 0.05
2017-12-31 0.05
2017-09-30 0.05
2017-06-30 0.05
2017-03-31 0.04
2016-12-31 0.02
2016-09-30 0.01
2016-06-30 0.00
2016-03-31 0.00

*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.
  • Genting Singapore is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Genting Singapore'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.
Genting Singapore 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.

Past Performance

  How has Genting Singapore 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 Genting Singapore'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.
  • Genting Singapore's year on year earnings growth rate has been positive over the past 5 years.
  • Genting Singapore's 1-year earnings growth exceeds its 5-year average (25.7% vs 8.3%)
  • Genting Singapore's earnings growth has exceeded the SG Hospitality industry average in the past year (25.7% vs -8.5%).
Earnings and Revenue History
Genting Singapore'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 Genting Singapore Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:G13 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,539.24 755.39 246.06
2018-09-30 2,454.53 738.01 227.68
2018-06-30 2,445.35 671.39 223.78
2018-03-31 2,481.12 637.08 221.30
2017-12-31 2,392.56 601.00 219.52
2017-09-30 2,370.16 627.40 211.24
2017-06-30 2,321.77 590.47 210.07
2017-03-31 2,206.59 436.61 211.16
2016-12-31 2,228.05 266.35 214.21
2016-09-30 2,217.80 99.41 228.78
2016-06-30 2,272.42 29.76 235.26
2016-03-31 2,369.67 23.37 245.47
2015-12-31 2,400.90 75.19 251.93
2015-09-30 2,491.36 172.11 267.12
2015-06-30 2,500.03 232.29 277.53
2015-03-31 2,672.89 351.51 285.63
2014-12-31 2,862.49 517.33 292.32
2014-09-30 2,917.56 568.50 290.92
2014-06-30 3,049.61 664.09 346.38
2014-03-31 3,006.54 702.04 337.69
2013-12-31 2,847.31 589.43 338.58
2013-09-30 2,946.35 585.85 356.45
2013-06-30 2,836.62 499.67 304.61
2013-03-31 2,830.81 497.93 312.36
2012-12-31 2,948.08 587.51 303.18
2012-09-30 2,942.36 710.01 289.27
2012-06-30 3,071.30 812.74 260.59
2012-03-31 3,092.61 916.22 238.97

*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.
  • Genting Singapore has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Genting Singapore used its assets more efficiently than the SG Hospitality industry average last year based on Return on Assets.
  • Genting Singapore has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Genting Singapore'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.
Genting Singapore has a total score of 5/6, 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.

Health

 How is Genting Singapore'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 Genting Singapore's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Genting Singapore is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Genting Singapore's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Genting Singapore'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 covered by short term assets, assets are 4.4x 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 Genting Singapore Company Filings, last reported 2 months ago.

SGX:G13 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 7,781.35 1,038.57 4,214.24
2018-09-30 7,629.11 1,031.83 3,895.65
2018-06-30 7,596.73 1,145.60 3,996.17
2018-03-31 7,657.48 1,126.78 3,987.77
2017-12-31 7,441.56 1,216.00 3,843.27
2017-09-30 7,808.00 979.08 3,934.84
2017-06-30 9,673.31 1,082.51 5,685.06
2017-03-31 9,678.59 1,081.40 5,640.58
2016-12-31 9,530.26 1,164.02 4,977.02
2016-09-30 9,538.94 1,161.97 4,784.96
2016-06-30 9,436.16 1,547.25 4,872.33
2016-03-31 9,602.67 1,545.32 5,004.99
2015-12-31 9,625.76 1,630.61 5,032.21
2015-09-30 9,449.40 1,628.37 4,708.34
2015-06-30 9,551.03 1,713.12 5,086.48
2015-03-31 9,690.06 1,711.30 5,263.93
2014-12-31 9,703.33 1,703.24 5,044.84
2014-09-30 9,956.05 1,834.14 4,651.12
2014-06-30 9,922.95 1,964.55 4,573.57
2014-03-31 9,970.57 2,094.91 4,654.31
2013-12-31 9,647.19 2,227.01 4,931.14
2013-09-30 9,390.60 2,350.40 4,877.62
2013-06-30 9,155.85 2,488.92 4,791.22
2013-03-31 9,083.08 2,588.47 4,837.46
2012-12-31 8,937.30 2,711.85 5,176.80
2012-09-30 8,805.73 2,854.15 4,808.35
2012-06-30 8,694.63 2,992.44 4,858.19
2012-03-31 8,130.05 3,048.44 4,849.39
  • Genting Singapore's level of debt (13.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (23.1% vs 13.3% today).
  • Debt is well covered by operating cash flow (110.4%, greater than 20% of total debt).
  • Genting Singapore earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Genting Singapore'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. Genting Singapore 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.

Dividends

 What is Genting Singapore'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
3.47%
Current annual income from Genting Singapore dividends. Estimated to be 3.78% next year.
If you bought SGD2,000 of Genting Singapore shares you are expected to receive SGD69 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?
  • Genting Singapore's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.6%).
  • Genting Singapore's dividend is below the markets top 25% of dividend payers in Singapore (5.63%).
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:G13 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 20 Analyst Estimates (S&P Global) See Below
Singapore Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.9%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 279 Stocks 4%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
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:G13 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.04 1.00
2021-12-31 0.04 9.00
2020-12-31 0.04 17.00
2019-12-31 0.04 18.00
SGX:G13 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-02-21 0.035 3.402
2018-08-03 0.035 3.450
2018-04-17 0.040 3.240
2017-11-06 0.030 2.400
2017-08-02 0.030 2.535
2017-03-27 0.030 2.715
2017-02-22 0.030 3.022
2016-11-03 0.030 3.199
2016-03-28 0.015 1.958
2016-02-18 0.015 1.929
2015-03-31 0.010 1.222
2015-03-12 0.010 1.077
2015-02-24 0.010 1.039
2014-04-02 0.010 0.848
2014-02-20 0.010 0.752
2013-04-23 0.010 0.700
2012-08-10 0.010 0.720
2012-04-03 0.010 0.675
2012-02-22 0.010 0.610

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

  • Genting Singapore 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 Genting Singapore only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Genting Singapore's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Genting Singapore's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 Genting Singapore afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Genting Singapore 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.

Management

 What is the CEO of Genting Singapore'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.
  • Genting Singapore has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Genting Singapore management team in years:

9.1
Average Tenure
62
Average Age
  • The average tenure for the Genting Singapore management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kok Thay Lim

TITLE
Executive Chairman
AGE
66

Hee Teck Tan

TITLE
President
AGE
62
TENURE
9.1 yrs

Shi Ruh Lee

TITLE
Chief Financial Officer
AGE
50
TENURE
9.2 yrs

Lan Hing Liew

TITLE
Company Secretary
TENURE
0.9 yrs

On Nam Lee

TITLE
Executive Officer

Jason Horkin

TITLE
Executive Officer

Jason Pearce

TITLE
Executive Officer
Board of Directors Tenure

Average tenure and age of the Genting Singapore board of directors in years:

1.8
Average Tenure
65.5
Average Age
  • The average tenure for the Genting Singapore board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kok Thay Lim

TITLE
Executive Chairman
AGE
66
TENURE
25.3 yrs

Hee Teck Tan

TITLE
President
AGE
62
TENURE
9.1 yrs

Yik Min Tjong

TITLE
Lead Independent Director
AGE
65
TENURE
0.6 yrs

Seow Koh

TITLE
Independent Non-Executive Director
AGE
79
TENURE
10.8 yrs

Wah Tan

TITLE
Independent Non-Executive Director
TENURE
1.3 yrs

Jonathan Asherson

TITLE
Independent Non-Executive Director
TENURE
1.8 yrs

Carolina Chan

TITLE
Independent Non-Executive Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
17. May 18 Sell Hee Teck Tan Individual 16. May 18 16. May 18 -4,927,877 SGD1.30 SGD-6,395,496
18. Apr 18 Sell Seow Koh Individual 18. Apr 18 18. Apr 18 -125,000 SGD1.19 SGD-148,750
X
Management checks
We assess Genting Singapore'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. Genting Singapore 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.

News

Simply Wall St News

Do Institutions Own Shares In Genting Singapore Limited (SGX:G13)?

Generally speaking, as a company grows, institutions will increase their ownership. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Genting Singapore Limited's (SGX:G13) Most Important Factor To Consider

I’ve analysed below, the health and outlook of Genting Singapore’s cash flow, which will help you understand the stock from a cash standpoint. … Genting Singapore’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … There are two methods I will use to evaluate the quality of Genting Singapore’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

Simply Wall St -

Genting Singapore Limited (SGX:G13): Financial Strength Analysis

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Genting Singapore Limited (SGX:G13), with a market cap of S$13b, are often out of the spotlight. … This article will examine G13’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself.

Simply Wall St -

The Genting Singapore Share Price Has Gained 50% And Shareholders Are Hoping For More

Just take a look at Genting Singapore Limited (SGX:G13), which is up 50%, over three years, soundly beating the market return of 28%. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Genting Singapore was able to grow its EPS at 13% per year over three years, sending the share price higher.

Simply Wall St -

What Should You Know About The Future Of Genting Singapore Limited's (SGX:G13)?

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … In September 2018, Genting Singapore Limited (SGX:G13) released its earnings update.

Simply Wall St -

Should Genting Singapore Limited (SGX:G13) Be Your Next Stock Pick?

Want to participate in a short research study? … Help shape the future of investing tools and receive a $60 prize! … In the case of Genting Singapore Limited (SGX:G13), there's

Simply Wall St -

A Closer Look At Genting Singapore Limited's (SGX:G13) Impressive ROE

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every SGD1 worth of shareholders' equity, it generated SGD0.097 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Did Genting Singapore Limited (SGX:G13) Insiders Sell Shares?

Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … All up, insiders sold more shares in Genting Singapore than they bought, over the last year. … It is certainly not great to see that insiders have sold shares in the company

Simply Wall St -

Examining Genting Singapore Limited’s (SGX:G13) Weak Return On Capital Employed

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. … Understanding Return On Capital Employed (ROCE). … How Do You Calculate Return On Capital Employed

Simply Wall St -

Do Institutions Own Genting Singapore Limited (SGX:G13) Shares?

The big shareholder groups in Genting Singapore Limited (SGX:G13) have power over the company. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Genting Singapore has a market capitalization of S$12b, so it's too big to fly under the radar.

Simply Wall St -

Company Info

Description

Genting Singapore Limited engages in the development, management, and operation of integrated resort destinations in Asia. Its integrated resort destinations comprise gaming, hospitality, MICE, leisure, and entertainment facilities. The company primarily owns Resorts World Sentosa, a destination resort, which offers a casino, Adventure Cove Waterpark, S.E.A. Aquarium, Universal Studios Singapore Theme Park, MICE facilities, hotels, restaurants, SPA, and specialty retail outlets. It is also involved in the operation of casinos; and provision of sales and marketing support services to leisure and hospitality related businesses, as well as in the investment activities. The company was incorporated in 1984 and is based in Singapore. Genting Singapore Limited is a subsidiary of Genting Group.

Details
Name: Genting Singapore Limited
G13
Exchange: SGX
Founded: 1984
SGD12,177,807,020
12,057,234,674
Website: http://www.gentingsingapore.com
Address: Genting Singapore Limited
10 Sentosa Gateway,
Resorts World Sentosa,
Singapore,
098270,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX G13 Ordinary Shares Singapore Exchange SG SGD 02. Jan 1992
OTCPK GIGN.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB 36T Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
OTCPK GIGN.Y UNSPONSORED ADR Pink Sheets LLC US USD 06. Nov 2008
Number of employees
Current staff
Staff numbers
0
Genting Singapore employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 12:39
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2019/03/04
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
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.