SGX:S35

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Good value with adequate balance sheet.

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

Stable Share Price: S35 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.7%

S35

7.4%

SG Consumer Finance

7.6%

SG Market


1 Year Return

-16.7%

S35

-19.9%

SG Consumer Finance

-14.7%

SG Market

Return vs Industry: S35 exceeded the SG Consumer Finance industry which returned -21.1% over the past year.

Return vs Market: S35 underperformed the SG Market which returned -15.5% over the past year.


Shareholder returns

S35IndustryMarket
7 Day1.7%7.4%7.6%
30 Day5.3%8.3%6.5%
90 Day-7.7%-22.9%-8.0%
1 Year-12.5%-16.7%-18.4%-19.9%-11.2%-14.7%
3 Year-6.2%-18.4%0.5%-5.0%-9.6%-19.5%
5 Year11.8%-9.8%15.0%3.2%-4.6%-21.0%

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?

32.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: S35 (SGD1.2) is trading below our estimate of fair value (SGD1.77)

Significantly Below Fair Value: S35 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: S35 is poor value based on its PE Ratio (9.9x) compared to the Consumer Finance industry average (8.9x).

PE vs Market: S35 is good value based on its PE Ratio (9.9x) compared to the SG market (11.9x).


Price to Earnings Growth Ratio

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 (0.5x) compared to the XA Consumer Finance industry average (0.6x).


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?

18.9%

Forecasted Diversified Financials 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 Sing Investments & Finance 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

Past Performance

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

14.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: S35 has high quality earnings.

Growing Profit Margin: S35's current net profit margins (40%) are lower than last year (43.9%).


Past Earnings Growth Analysis

Earnings Trend: S35's earnings have grown by 14.2% 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 (-15.9%) over the past year, making it difficult to compare to the Consumer Finance industry average (6.4%).


Return on Equity

High ROE: S35's Return on Equity (5%) is considered low.


Next Steps

Financial Health

How is Sing Investments & Finance's financial position?


Financial Position Analysis

Short Term Liabilities: S35's short term assets (SGD2.6B) exceed its short term liabilities (SGD2.5B).

Long Term Liabilities: S35's short term assets (SGD2.6B) exceed its long term liabilities (SGD44.1M).


Debt to Equity History and Analysis

Debt Level: S35's debt to equity ratio (2.6%) is considered satisfactory.

Reducing Debt: S35's debt to equity ratio has increased from 1.1% to 2.6% over the past 5 years.

Debt Coverage: S35's debt is well covered by operating cash flow (438%).

Interest Coverage: Insufficient data to determine if S35's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

5.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: S35's dividend (5%) is higher than the bottom 25% of dividend payers in the SG market (2.72%).

High Dividend: S35's dividend (5%) is low compared to the top 25% of dividend payers in the SG market (6.09%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (49.3%), S35'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

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

9.9yrs

Average management tenure


CEO

Sze Leong Lee (60yo)

23.42yrs

Tenure

S$1,298,000

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Sze Leong's total compensation ($USD927.95K) is above average for companies of similar size in the SG market ($USD361.13K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Sze Leong Lee
MD, CEO & Executive Director23.42yrsS$1.30m0.39% SGD737.4k
Sze Siong Lee
Deputy MD & Executive Director23.25yrsS$928.00k0.41% SGD774.9k
Chua Eng
Head of Finance & Risk Managementno datano datano data
Ann Kit Wong
Senior Vice President of Legalno datano datano data
Annie Yeo
First Vice President of Complianceno datano datano data
Mei Chee Leong
First Vice President of Human Resourceno datano datano data
Lee Mei Lim
Senior Vice President of Product Management3.83yrsno datano data
Julia Pan
Senior Vice President of Team 1 - Credit Marketingno datano datano data
Choon Siong Wang
Senior VP of Team 3 - Credit Mktg and Senior VP of Team 4 - Credit Mktg no datano datano data
Teck Chiew Tan
Senior Vice President of Information Technologyno datano datano data

9.9yrs

Average Tenure

Experienced Management: S35's management team is seasoned and experienced (9.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sze Leong Lee
MD, CEO & Executive Director23.42yrsS$1.30m0.39% SGD737.4k
Sze Siong Lee
Deputy MD & Executive Director23.25yrsS$928.00k0.41% SGD774.9k
Hwai Keong Lau
Non-Executive & Independent Director1.42yrsS$67.00kno data
Tat Pun Ng
Non-Executive & Independent Chairman of the Board5.08yrsS$98.00kno data
Jin Chee
Non-Executive & Independent Director5.75yrsS$63.00kno data
Kian Toh
Non-executive & Independent Director1.42yrsS$62.00kno data

5.4yrs

Average Tenure

61.5yo

Average Age

Experienced Board: S35's board of directors are considered experienced (5.4 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

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$187.575m
  • 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 well as safe deposit box services. It also offers housing, residential and commercial property, HDB, car, share, shipping, land and construction, machinery, and unsecured business loans; government-backed small and medium enterprises (SME) loans, including SME micro, SME equipment and factory, and SME working capital loans; and invoice factoring/account receivables, and block discounting and floor stock financing products. In addition, the company provides nominee services. It serves customers through its network of four branches. Sing Investments & Finance Limited was incorporated in 1964 and 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 Analysis2020/06/05 12:49
End of Day Share Price2020/06/05 00:00
Earnings2020/03/31
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.