CosmoSteel Holdings Limited, an investment holding company, engages in sourcing and distributing piping system components.
Flawless balance sheet and undervalued.
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's share price has been volatile over the past 3 months.
7 Day Return
SG Energy Services
1 Year Return
SG Energy Services
Return vs Industry: B9S exceeded the SG Energy Services industry which returned 12.4% over the past year.
Return vs Market: B9S exceeded the SG Market which returned -3.7% over the past year.
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
3 weeks ago | Simply Wall StIs CosmoSteel Holdings (SGX:B9S) Using Too Much Debt?
1 month ago | Simply Wall StDo Insiders Own Lots Of Shares In CosmoSteel Holdings Limited (SGX:B9S)?
2 months ago | Simply Wall StExamining CosmoSteel Holdings Limited’s (SGX:B9S) Weak Return On Capital Employed
Is CosmoSteel Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: B9S (SGD0.08) is trading below our estimate of fair value (SGD0.77)
Significantly Below Fair Value: B9S is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: B9S is good value based on its PE Ratio (8.6x) compared to the Energy Services industry average (24.6x).
PE vs Market: B9S is good value based on its PE Ratio (8.6x) compared to the SG market (13.5x).
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 is good value based on its PB Ratio (0.3x) compared to the SG Energy Services industry average (0.8x).
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.
- Examine whether CosmoSteel Holdings 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.
- CosmoSteel Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
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 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: B9S has become profitable over the past 5 years, growing earnings by -53.4% per year.
Accelerating Growth: B9S has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: B9S has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (21.3%).
Return on Equity
High ROE: B9S's Return on Equity (3.7%) is considered low.
Return on Assets
Return on Capital Employed
How is CosmoSteel Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: B9S's short term assets (SGD78.5M) exceed its short term liabilities (SGD21.4M).
Long Term Liabilities: B9S's short term assets (SGD78.5M) exceed its long term liabilities (SGD7.6M).
Debt to Equity History and Analysis
Debt Level: B9S's debt to equity ratio (23.3%) is considered satisfactory.
Reducing Debt: B9S's debt to equity ratio has reduced from 65.5% to 23.3% over the past 5 years.
Inventory Level: B9S has a high level of physical assets or inventory.
Debt Coverage by Assets: B9S's debt is covered by short term assets (assets are 4.4x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: B9S is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: B9S is profitable, therefore cash runway is not a concern.
What is CosmoSteel Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: B9S's dividend (3.01%) is higher than the bottom 25% of dividend payers in the SG market (2.56%).
High Dividend: B9S's dividend (3.01%) is low compared to the top 25% of dividend payers in the SG market (5.66%).
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 fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25.9%), 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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Jack Ong (41yo)
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 ($USD266.46K) is about average for companies of similar size in the SG market ($USD337.22K).
Compensation vs Earnings: Jack's compensation has been consistent with company performance over the past year.
|CEO & Executive Director||0.6yrs||S$372.24k||12.1% SGD2.9m|
|Executive Director||1.7yrs||S$336.00k||no data|
|Independent Non-Executive Chairman||0yrs||S$81.50k||no data|
|Independent Director||12.9yrs||S$76.50k||0.043% SGD10.4k|
|Independent Director||1.3yrs||S$18.75k||no data|
|Non-Executive Director||0.6yrs||no data||no data|
Experienced Board: B9S's board of directors are not considered experienced ( 1.7 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CosmoSteel Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: CosmoSteel Holdings Limited
- Ticker: B9S
- Exchange: SGX
- Founded: 1984
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: S$24.103m
- Shares outstanding: 290.40m
- Website: https://www.cosmosteel.com
Number of Employees
- CosmoSteel Holdings Limited
- 14 Lok Yang Way
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|B9S||SGX (Singapore Exchange)||Yes||Ordinary Shares||SG||SGD||Jun 2007|
|CMR||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 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’s products include steel pipes, flanges, and fittings; and structural beams, channels, plates, flats, and hollow sections. It also offers electrical cables, switching and distributing systems, terminal and junction boxes and switches, light fittings, and isolators; and carbon, low temp carbon, stainless, duplex, and low alloys steel. In addition, the company provides customization, validation, testing, expedited delivery, and project management services. It serves companies in oil and gas, engineering and construction, petrochemical, power, shipbuilding and repair, manufacturing, and pharmaceutical industries, as well as traders. The company primarily operates in Brunei, Europe, Indonesia, Japan, Malaysia, the Middle East, Singapore, Thailand, Vietnam, Australia, China, and the Philippines. CosmoSteel Holdings Limited was founded in 1984 and is headquartered in Singapore.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 12:48|
|End of Day Share Price||2020/02/20 00:00|
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.