SGX:S23

Stock Analysis Report

Executive Summary

Singapura Finance Ltd engages in the financing business in Singapore.

Snowflake

Fundamentals

Acceptable track record with limited growth.

Share Price & News

How has Singapura Finance's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.3%

S23

-0.1%

SG Consumer Finance

1.1%

SG Market


1 Year Return

-2.7%

S23

23.5%

SG Consumer Finance

0.9%

SG Market

Return vs Industry: S23 underperformed the SG Consumer Finance industry which returned 23.5% over the past year.

Return vs Market: S23 underperformed the SG Market which returned 0.9% over the past year.


Shareholder returns

S23IndustryMarket
7 Day2.3%-0.1%1.1%
30 Day1.1%4.8%-1.9%
90 Day-0.6%1.9%-6.5%
1 Year1.5%-2.7%25.6%23.5%4.9%0.9%
3 Year15.3%5.3%49.9%41.6%15.2%2.9%
5 Year-18.3%-41.4%123.7%97.0%11.2%-7.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Singapura Finance undervalued compared to its fair value and its price relative to the market?

13.74x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate S23's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate S23's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: S23 is poor value based on its PE Ratio (13.7x) compared to the Consumer Finance industry average (10.8x).

PE vs Market: S23 is poor value based on its PE Ratio (13.7x) compared to the SG market (13.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate S23's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: S23 is good value based on its PB Ratio (0.6x) compared to the XA Consumer Finance industry average (0.7x).


Next Steps

Future Growth

How is Singapura Finance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: S23's forecast earnings growth (19.5% per year) is above the savings rate (2.3%).

Earnings vs Market: S23's earnings (19.5% per year) are forecast to grow faster than the SG market (5.7% per year).

High Growth Earnings: S23's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if S23's revenue is forecast to grow faster than the SG market.

High Growth Revenue: Insufficient data to determine if S23's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if S23's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Singapura Finance performed over the past 5 years?

12.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: S23's earnings have grown by 12.7% per year over the past 5 years.

Accelerating Growth: S23's earnings growth over the past year (157.2%) exceeds its 5-year average (12.7% per year).

Earnings vs Industry: S23 earnings growth over the past year (157.2%) exceeded the Consumer Finance industry 7.6%.


Return on Equity

High ROE: S23's Return on Equity (4%) is considered low.


Return on Assets

ROA vs Industry: S23's Return on Assets is below or equal to the Consumer Finance industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate S23's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Singapura Finance's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: S23 has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if S23's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: S23's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if S23 has a sufficient allowance for bad loans.

Low Risk Liabilities: S23 reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if S23 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: S23 has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if S23 has an appropriate level of bad loans.


Next Steps

Dividend

What is Singapura Finance's current dividend yield, its reliability and sustainability?

4.49%

Current Dividend Yield


Dividend Yield vs Market

company4.5%marketbottom25%2.5%markettop25%5.6%industryaverage1.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: S23's dividend (4.49%) is higher than the bottom 25% of dividend payers in the SG market (2.46%).

High Dividend: S23's dividend (4.49%) is low compared to the top 25% of dividend payers in the SG market (5.56%).

Stable Dividend: S23's dividend payments have been volatile in the past 10 years.

Growing Dividend: S23's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.9%), S23's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Singapura Finance's salary, the management and board of directors tenure and is there insider trading?

12.2yrs

Average management tenure


CEO

Jamie Teo (46yo)

12.1yrs

Tenure

0

Mr. Miang Yeow Teo, also known as Jamie, has been the Chief Executive Officer of Singapura Finance Ltd. since September 11, 2007. Mr. Teo served as a Deputy Chief Executive Officer of Singapura Finance Ltd ...


Management Age and Tenure

12.2yrs

Average Tenure

62.5yo

Average Age

Experienced Management: S23's management team is seasoned and experienced (12.2 years average tenure).


Board Age and Tenure

16.9yrs

Average Tenure

69yo

Average Age

Experienced Board: S23's board of directors are seasoned and experienced ( 16.9 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Chiang Long Teo (74yo)

    Executive Chairman

    • Tenure: 16.9yrs
  • Jamie Teo (46yo)

    CEO & Director

    • Tenure: 12.1yrs
  • Blandina Chia

    Assistant Company Secretary

    • Tenure: 0yrs
  • Richard Chia (66yo)

    General Manager of Marketing

    • Tenure: 12.6yrs
  • Desmond Tan (59yo)

    General Manager of Operations & Process Improvement

    • Tenure: 12.3yrs
  • May Ling Ngiam

    Company Secretary

    • Tenure: 4.2yrs

Board Members

  • Bah Lee Phua (86yo)

    Independent Non-Executive Director

    • Tenure: 31yrs
  • Chiang Long Teo (74yo)

    Executive Chairman

    • Tenure: 16.9yrs
  • Jamie Teo (46yo)

    CEO & Director

    • Tenure: 12.1yrs
  • Eng Hong Teoh (76yo)

    Independent Non Executive Director

    • Tenure: 27.3yrs
  • William Ho (77yo)

    Independent Non Executive Director

    • Tenure: 30.6yrs
  • Adam Tan (44yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
  • Martha Tan (62yo)

    Independent Non-Executive Director

    • Tenure: 7.9yrs
  • Yee Shoon Yu-Foo (69yo)

    Lead Independent Director

    • Tenure: 0.7yrs
  • Terence Khoo (48yo)

    Independent Non-Executive Director

    • Tenure: 1.3yrs

Company Information

Singapura Finance Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Singapura Finance Ltd
  • Ticker: S23
  • Exchange: SGX
  • Founded: 1950
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: S$141.230m
  • Shares outstanding: 158.69m
  • Website: https://www.singapurafinance.com.sg

Location

  • Singapura Finance Ltd
  • No. 01-00, 150 Cecil Street
  • Singapore
  • 69543
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
S23SGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 1992

Biography

Singapura Finance Ltd engages in the financing business in Singapore. The company offers personal banking products, including deposit products, such as fixed deposits and safe deposit boxes, as well as sav ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 12:38
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.