Raffles Education
Market Cap
S$115.8m
Last Updated
2020/02/25 12:55 UTC
Data Sources
Company Financials
Executive Summary
Raffles Education Corporation Limited, an investment holding company, provides education and related services in ASEAN, North Asia, South Asia, Australasia, and Europe.
Rewards
Risk Analysis
Snowflake Analysis
Proven track record and fair value.
Share Price & News
How has Raffles Education's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NR7 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.7%
NR7
0.9%
SG Consumer Services
-2.0%
SG Market
1 Year Return
-12.5%
NR7
-5.7%
SG Consumer Services
-4.8%
SG Market
Return vs Industry: NR7 underperformed the SG Consumer Services industry which returned -5.7% over the past year.
Return vs Market: NR7 underperformed the SG Market which returned -4.8% over the past year.
Shareholder returns
| NR7 | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.7% | 0.9% | -2.0% |
| 30 Day | 6.3% | -0.8% | -3.4% |
| 90 Day | -1.2% | 3.8% | -2.6% |
| 1 Year | -12.5%-12.5% | -2.2%-5.7% | -1.0%-4.8% |
| 3 Year | -53.3%-57.8% | 1.9%-3.6% | 7.5%-3.9% |
| 5 Year | -70.8%-74.5% | -3.3%-12.7% | 7.7%-10.5% |
Price Volatility Vs. Market
How volatile is Raffles Education's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Here's Why Raffles Education (SGX:NR7) Is Weighed Down By Its Debt Load1 month ago | Simply Wall St
Why We’re Not Impressed By Raffles Education Corporation Limited’s (SGX:NR7) 0.1% ROCE2 months ago | Simply Wall St
Do Insiders Own Lots Of Shares In Raffles Education Corporation Limited (SGX:NR7)?Valuation
Is Raffles Education undervalued compared to its fair value and its price relative to the market?
1.81x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate NR7's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate NR7's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: NR7 is good value based on its PE Ratio (1.8x) compared to the Consumer Services industry average (18.4x).
PE vs Market: NR7 is good value based on its PE Ratio (1.8x) compared to the SG market (13.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NR7's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NR7 is good value based on its PB Ratio (0.2x) compared to the SG Consumer Services industry average (1.1x).
Next Steps
Future Growth
How is Raffles Education forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
27.1%
Forecasted Consumer Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Raffles Education has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Raffles Education is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Raffles Education competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Services industry.
Past Performance
How has Raffles Education performed over the past 5 years?
4.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NR7 has a large one-off gain of SGD59.0M impacting its December 31 2019 financial results.
Growing Profit Margin: NR7's current net profit margins (63.2%) are higher than last year (2%).
Past Earnings Growth Analysis
Earnings Trend: NR7's earnings have grown by 4% per year over the past 5 years.
Accelerating Growth: NR7's earnings growth over the past year (3264.2%) exceeds its 5-year average (4% per year).
Earnings vs Industry: NR7 earnings growth over the past year (3264.2%) exceeded the Consumer Services industry 9%.
Return on Equity
High ROE: NR7's Return on Equity (9.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Raffles Education's financial position?
Financial Position Analysis
Short Term Liabilities: NR7's short term assets (SGD132.0M) exceed its short term liabilities (SGD131.3M).
Long Term Liabilities: NR7's short term assets (SGD132.0M) do not cover its long term liabilities (SGD345.4M).
Debt to Equity History and Analysis
Debt Level: NR7's debt to equity ratio (45.5%) is considered high.
Reducing Debt: NR7's debt to equity ratio has reduced from 55.8% to 45.5% over the past 5 years.
Debt Coverage: NR7's debt is not well covered by operating cash flow (1.8%).
Interest Coverage: NR7's interest payments on its debt are not well covered by EBIT (0x coverage).
Balance Sheet
Inventory Level: NR7 has a high level of physical assets or inventory.
Debt Coverage by Assets: NR7's debt is not covered by short term assets (assets are 0.4x debt).
Next Steps
Dividend
What is Raffles Education's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate NR7's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate NR7'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 NR7's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NR7's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: NR7 is not paying a notable dividend for the SG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NR7'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?
14.3yrs
Average management tenure
CEO
Hua Seng Chew (65yo)
Mr. Hua Seng Chew is the Founder of Raffles Education Corporation Limited and serves as its Chairman of the Board and Chief Executive Officer. Mr. Chew has been Chairman and Non-Executive Director of Sitra ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 0yrs | no data | 26.14% SGD30.3m | |
| Director of Raffles University Iskandar/Raffles American School | 0yrs | no data | 7.44% SGD8.6m | |
| Chief Financial Officer | 17.1yrs | no data | no data | |
| Director of HR | 15.8yrs | no data | no data | |
| Company Secretary | 12.8yrs | no data | no data | |
| Vice President of Indochina Operations and Chief Executive Officer of Raffles University Sri Lanka | 0yrs | no data | no data | |
| President of Raffles University Iskandar & VP of Raffles University System | 0yrs | no data | no data | |
| President-Raffles University Sri Lanka and Principal-Raffles College of Design & Commerce - Sydney | 4.3yrs | no data | no data |
14.3yrs
Average Tenure
Experienced Management: NR7's management team is seasoned and experienced (14.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 0yrs | no data | 26.14% SGD30.3m | |
| Non-Independent & Non-Executive Director | 1.3yrs | no data | no data | |
| Independent Non Executive Director | 11.3yrs | no data | 0.026% SGD30.4k | |
| Non-Independent Non-Executive Director | 0.3yrs | no data | 2.86% SGD3.3m | |
| Lead Independent Non Executive Director | 1.9yrs | no data | no data | |
| Independent Non-Executive Director | 1.8yrs | no data | no data |
1.8yrs
Average Tenure
60.5yo
Average Age
Experienced Board: NR7's board of directors are not considered experienced ( 1.8 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 been diluted in the past year, with total shares outstanding growing by 2.5%.
Top Shareholders
Company Information
Raffles Education Corporation Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Raffles Education Corporation Limited
- Ticker: NR7
- Exchange: SGX
- Founded: 1990
- Industry: Education Services
- Sector: Consumer Services
- Market Cap: S$115.807m
- Shares outstanding: 1.38b
- Website: https://raffles.education
Number of Employees
Location
- Raffles Education Corporation Limited
- Raffles Education Square
- 51 Merchant Road
- Singapore
- 58283
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RFLF.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 2002 |
| NR7 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Jan 2002 |
| O2KC | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | Jan 2002 |
| RFLF.Y | OTCPK (Pink Sheets LLC) | UNSP ADR EACH REPR 20 ORD | US | USD | Nov 2008 |
Biography
Raffles Education Corporation Limited, an investment holding company, provides education and related services in ASEAN, North Asia, South Asia, Australasia, and Europe. It operates through Education, Education Facilities Rental Service, and Real Estate Investment & Development segments. The company provides degree, diploma, and full-time certificate programs in design and business-oriented disciplines, pre-tertiary education, and K12 curriculum. In addition, it operates Raffles University Iskandar; Tianjin University of Commerce Boustead College; Raffles American School that offers American K-12 education; and Oriental University City campus. Further, it engages in education facilities leasing and commercial leasing activities for supporting facilities; and real estate investment and development activities. Additionally, the company offers education supporting, and business and management consultancy services. It operates through a network of 22 colleges/universities in 20 cities across 12 countries. Raffles Education Corporation Limited was founded in 1990 and is based in Singapore.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/25 12:55 |
| End of Day Share Price | 2020/02/25 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/06/30 |
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.