SGX:S35

Stock Analysis Report

Executive Summary

Sing Investments & Finance Limited provides financing services to individuals and corporations in Singapore.

Snowflake

Fundamentals

Fair value second-rate dividend payer.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.7%

S35

2.4%

SG Consumer Finance

-0.002%

SG Market


1 Year Return

-5.3%

S35

28.6%

SG Consumer Finance

0.7%

SG Market

Return vs Industry: S35 underperformed the SG Consumer Finance industry which returned 28.6% over the past year.

Return vs Market: S35 underperformed the SG Market which returned 0.7% over the past year.


Shareholder returns

S35IndustryMarket
7 Day-0.7%2.4%-0.002%
30 Day0.7%8.4%-1.4%
90 Day-4.1%5.6%-7.3%
1 Year-0.9%-5.3%30.8%28.6%4.7%0.7%
3 Year40.9%24.6%52.9%44.4%15.1%2.8%
5 Year35.3%9.7%130.3%102.9%10.1%-8.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Sing Investments & Finance undervalued compared to its fair value and its price relative to the market?

10.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: S35 (SGD1.42) is trading above our estimate of fair value (SGD1.24)

Significantly Undervalued: S35 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: S35 is good value based on its PE Ratio (10.3x) compared to the Consumer Finance industry average (10.8x).

PE vs Market: S35 is good value based on its PE Ratio (10.3x) compared to the SG market (13.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate S35's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: S35 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 Sing Investments & Finance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: S35's forecast earnings growth (9% per year) is above the savings rate (2.3%).

Earnings vs Market: S35's earnings (9% per year) are forecast to grow faster than the SG market (5.5% per year).

High Growth Earnings: S35's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if S35's revenue is forecast to grow faster than the SG market.

High Growth Revenue: Insufficient data to determine if S35'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 S35's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Sing Investments & Finance performed over the past 5 years?

17.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: S35's earnings have grown by 17% per year over the past 5 years.

Accelerating Growth: S35's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: S35 had negative earnings growth (-6.3%) over the past year, making it difficult to compare to the Consumer Finance industry average (7.1%).


Return on Equity

High ROE: S35's Return on Equity (6%) is considered low.


Return on Assets

ROA vs Industry: S35'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 S35's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Sing Investments & 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: S35 has a low level of unsold assets or inventory.

Debt Coverage by Assets: S35's debt is covered by short term assets (assets are 260.344030x debt).


Financial Institutions Analysis

Asset Level: S35's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if S35 has a sufficient allowance for bad loans.

Low Risk Liabilities: S35 reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if S35 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: S35 has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if S35 has an appropriate level of bad loans.


Next Steps

Dividend

What is Sing Investments & Finance's current dividend yield, its reliability and sustainability?

4.93%

Current Dividend Yield


Dividend Yield vs Market

company4.9%marketbottom25%2.6%markettop25%5.7%industryaverage1.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: S35's dividend (4.93%) is higher than the bottom 25% of dividend payers in the SG market (2.55%).

High Dividend: S35's dividend (4.93%) is low compared to the top 25% of dividend payers in the SG market (5.71%).

Stable Dividend: S35's dividend payments have been volatile in the past 10 years.

Growing Dividend: S35's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50.5%), S35's dividend payments are 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 Sing Investments & Finance's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average board tenure


CEO

Sze Leong Lee (60yo)

22.8yrs

Tenure

S$1,400,000

Compensation

Mr. Sze Leong Lee has been the Managing Director of Sing Investments & Finance Ltd. since January 1997 and also serves as its Chief Executive Officer. Mr. Lee served as the Chairman of Sing Investments & F ...


CEO Compensation Analysis

Compensation vs. Market: Sze Leong's total compensation ($USD1.03M) is about average for companies of similar size in the SG market ($USD607.01K).

Compensation vs Earnings: Sze Leong's compensation has been consistent with company performance over the past year.


Board Age and Tenure

4.8yrs

Average Tenure

61.5yo

Average Age

Experienced Board: S35's board of directors are considered experienced (4.8 years average tenure).


Insider Trading

Insider Buying: S35 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyS$253,47005 Sep 19
F. H. Lee Holdings (Pte) Limited
EntityCompany
Shares178,500
Max PriceS$1.42
BuyS$21,30005 Sep 19
Sze Leong Lee
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Director
Shares15,000
Max PriceS$1.42
BuyS$72,00006 Jun 19
F. H. Lee Holdings (Pte) Limited
EntityCompany
Shares50,000
Max PriceS$1.44
BuyS$190,19124 May 19
F. H. Lee Holdings (Pte) Limited
EntityCompany
Shares130,500
Max PriceS$1.46
BuyS$30,77617 May 19
F. H. Lee Holdings (Pte) Limited
EntityCompany
Shares20,800
Max PriceS$1.48
BuyS$60,17408 May 19
F. H. Lee Holdings (Pte) Limited
EntityCompany
Shares40,800
Max PriceS$1.48
BuyS$62,93602 May 19
F. H. Lee Holdings (Pte) Limited
EntityCompany
Shares42,000
Max PriceS$1.50

Ownership Breakdown


Management Team

  • Sze Siong Lee (58yo)

    Deputy MD & Executive Director

    • Tenure: 22.6yrs
    • Compensation: S$992.00k
  • Sze Leong Lee (60yo)

    MD, CEO & Director

    • Tenure: 22.8yrs
    • Compensation: S$1.40m
  • Ann Kit Wong

    Senior Vice President of Legal

    • Tenure: 0yrs
  • Lee Mei Lim

    Senior Vice President of Product Management

    • Tenure: 3.2yrs
  • Julia Pan

    Senior Vice President of Team 1 - Credit Marketing

    • Tenure: 0yrs
  • Choon Siong Wang

    Senior VP of Team 3 - Credit Mktg and Senior VP of Team 4 - Credit Mktg

    • Tenure: 0yrs
  • Annie Yeo

    First Vice President of Compliance

    • Tenure: 0yrs
  • Teck Chiew Tan

    Senior Vice President of Information Technology

    • Tenure: 0yrs
  • Mei Chee Leong

    First Vice President of Human Resource

    • Tenure: 0yrs
  • Chua Eng

    Head of Finance & Risk Management

    • Tenure: 0yrs

Board Members

  • Sze Siong Lee (58yo)

    Deputy MD & Executive Director

    • Tenure: 22.6yrs
    • Compensation: S$992.00k
  • Sze Leong Lee (60yo)

    MD, CEO & Director

    • Tenure: 22.8yrs
    • Compensation: S$1.40m
  • Michael Lau (58yo)

    Non-Executive & Independent Director

    • Tenure: 0.8yrs
  • Tat Pun Ng (74yo)

    Non-Executive Chairman of the Board

    • Tenure: 4.4yrs
    • Compensation: S$85.00k
  • Jin Chee (72yo)

    Non-Executive & Independent Director

    • Tenure: 5.1yrs
    • Compensation: S$60.00k
  • Joseph Toh (63yo)

    Non-executive & Independent Director

    • Tenure: 0.8yrs

Company Information

Sing Investments & Finance Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sing Investments & Finance Limited
  • Ticker: S35
  • Exchange: SGX
  • Founded: 1964
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: S$223.829m
  • Shares outstanding: 157.63m
  • Website: https://www.sif.com.sg

Number of Employees


Location

  • Sing Investments & Finance Limited
  • No. 01-01 SIF Building
  • 96 Robinson Road
  • Singapore
  • 68899
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
S35SGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 1992

Biography

Sing Investments & Finance Limited provides financing services to individuals and corporations in Singapore. The company offers fixed and savings deposits, current accounts, and conveyancing accounts, as w ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 12:33
End of Day Share Price2019/10/17 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.