Stock Analysis Report

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CosmoSteel Holdings

Executive Summary

CosmoSteel Holdings Limited, an investment holding company, engages in sourcing and distributing piping system components. More Details

Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

How has CosmoSteel Holdings's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: B9S is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: B9S's weekly volatility has decreased from 16% to 8% over the past year.

Market Performance

7 Day Return




SG Energy Services


SG Market

1 Year Return




SG Energy Services


SG Market

Return vs Industry: B9S exceeded the SG Energy Services industry which returned -26.2% over the past year.

Return vs Market: B9S exceeded the SG Market which returned -10.9% over the past year.

Shareholder returns

7 Day1.1%1.6%1.4%
30 Day0%6.8%5.1%
90 Day12.2%13.0%17.2%
1 Year-7.4%-9.8%-25.8%-26.2%-6.1%-10.9%
3 Year-13.4%-15.6%-51.4%-52.0%-9.4%-20.5%
5 Year-13.7%-22.7%-70.7%-71.5%27.3%3.9%

Long-Term Price Volatility Vs. Market

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

Simply Wall St News


Is CosmoSteel Holdings undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: B9S (SGD0.09) is trading above our estimate of fair value (SGD0.08)

Significantly Below Fair Value: B9S is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: B9S is good value based on its PE Ratio (5.1x) compared to the SG Energy Services industry average (5.7x).

PE vs Market: B9S is good value based on its PE Ratio (5.1x) compared to the SG market (15.1x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate B9S's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: B9S's PB Ratio (0.3x) is in line with the SG Energy Services industry average.

Next Steps

Future Growth

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


Forecasted Energy 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 CosmoSteel Holdings 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 CosmoSteel Holdings performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: B9S has high quality earnings.

Growing Profit Margin: B9S's current net profit margins (6.1%) are higher than last year (3.1%).

Past Earnings Growth Analysis

Earnings Trend: B9S has become profitable over the past 5 years, growing earnings by 1.9% per year.

Accelerating Growth: B9S's earnings growth over the past year (86.2%) exceeds its 5-year average (1.9% per year).

Earnings vs Industry: B9S earnings growth over the past year (86.2%) exceeded the Energy Services industry 2.9%.

Return on Equity

High ROE: B9S's Return on Equity (6.5%) is considered low.

Next Steps

Financial Health

How is CosmoSteel Holdings's financial position?

Financial Position Analysis

Short Term Liabilities: B9S's short term assets (SGD84.3M) exceed its short term liabilities (SGD22.0M).

Long Term Liabilities: B9S's short term assets (SGD84.3M) exceed its long term liabilities (SGD8.6M).

Debt to Equity History and Analysis

Debt Level: B9S's debt to equity ratio (27.3%) is considered satisfactory.

Reducing Debt: B9S's debt to equity ratio has reduced from 33.7% to 27.3% over the past 5 years.

Debt Coverage: B9S's debt is well covered by operating cash flow (28%).

Interest Coverage: B9S's interest payments on its debt are well covered by EBIT (10.2x coverage).

Balance Sheet

Next Steps


What is CosmoSteel Holdings's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: B9S's dividend (5.43%) is higher than the bottom 25% of dividend payers in the SG market (2.15%).

High Dividend: B9S's dividend (5.43%) is in the top 25% of dividend payers in the SG market (5.04%)

Stability and Growth of Payments

Stable Dividend: B9S's dividend payments have been volatile in the past 10 years.

Growing Dividend: B9S's dividend payments have not increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.5%), B9S'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


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


Average board tenure


Jack Ong (42 yo)





Mr. Tong Hai Ong, also known as Jack, serves as Chief Executive Officer of Cosmosteel Holdings Ltd. since July 15, 2019 and served as its Director of Logistics & Operations until July 15, 2019. Mr. Ong joi...

CEO Compensation Analysis

Compensation vs Market: Jack's total compensation ($USD405.90K) is about average for companies of similar size in the SG market ($USD409.91K).

Compensation vs Earnings: Jack's compensation has increased by more than 20% in the past year.

Board Members

Tong Hai Ong
CEO & Executive Director1.5yrsS$539.52k12.1%
SGD 3.2m
Osamu Murai
Executive Director2.58yrsS$257.00kno data
Beng Tin Low
Independent Non-Executive Chairmanno dataS$91.25kno data
Siok Chin Tan
Non-Executive Non-Independent Director13.83yrsS$72.50k0.043%
SGD 11.5k
Siew Fu Hor
Independent Director2.25yrsS$76.25kno data
Hiromasa Yamamoto
Non-Executive Non-Independent Director1.5yrsS$55.00kno data


Average Tenure


Average Age

Experienced Board: B9S's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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 not been meaningfully diluted in the past year.

Top Shareholders

Company Information

CosmoSteel Holdings Limited's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: CosmoSteel Holdings Limited
  • Ticker: B9S
  • Exchange: SGX
  • Founded: 1984
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: S$26.717m
  • Shares outstanding: 290.40m
  • Website:

Number of Employees


  • CosmoSteel Holdings Limited
  • 14 Lok Yang Way
  • Singapore
  • 628633
  • Singapore


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
B9SSGX (Singapore Exchange)YesOrdinary SharesSGSGDJun 2007
CMRDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2007


CosmoSteel Holdings Limited, an investment holding company, engages in sourcing and distributing piping system components. It operates through Energy, Marine, Trading, and Others segments. The company prov...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 11:13
End of Day Share Price2021/01/15 00:00
Annual Earnings2020/09/30

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.