Executive Summary
Baker Technology Limited, together with its subsidiaries, manufactures and provides specialized marine offshore equipment and services for the oil and gas industry in the Asia Pacific, Africa, the Middle East, America, Singapore, China, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and fair value.
Share Price & News
How has Baker Technology's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BTP is more volatile than 75% of SG stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: BTP's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of SG stocks.
Market Performance
7 Day Return
15.6%
BTP
1.6%
SG Energy Services
1.4%
SG Market
1 Year Return
-33.3%
BTP
-26.2%
SG Energy Services
-10.9%
SG Market
Return vs Industry: BTP underperformed the SG Energy Services industry which returned -26.2% over the past year.
Return vs Market: BTP underperformed the SG Market which returned -10.9% over the past year.
Shareholder returns
| BTP | Industry | Market | |
|---|---|---|---|
| 7 Day | 15.6% | 1.6% | 1.4% |
| 30 Day | 8.3% | 6.8% | 5.1% |
| 90 Day | 23.8% | 13.0% | 17.2% |
| 1 Year | -31.9%-33.3% | -25.8%-26.2% | -6.1%-10.9% |
| 3 Year | -58.1%-59.4% | -51.4%-52.0% | -9.4%-20.5% |
| 5 Year | -67.9%-70.3% | -70.7%-71.5% | 27.3%3.9% |
Long-Term Price Volatility Vs. Market
How volatile is Baker Technology's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Did Baker Technology Limited (SGX:BTP) Insiders Buy Up More Shares?3 months ago | Simply Wall St
Health Check: How Prudently Does Baker Technology (SGX:BTP) Use Debt?7 months ago | Simply Wall St
Does Baker Technology (SGX:BTP) Have A Healthy Balance Sheet?Valuation
Is Baker Technology undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BTP (SGD0.26) is trading below our estimate of fair value (SGD2.71)
Significantly Below Fair Value: BTP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BTP is unprofitable, so we can't compare its PE Ratio to the SG Energy Services industry average.
PE vs Market: BTP is unprofitable, so we can't compare its PE Ratio to the SG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BTP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BTP is good value based on its PB Ratio (0.3x) compared to the SG Energy Services industry average (0.4x).
Next Steps
Future Growth
How is Baker Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
21.7%
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 Baker Technology 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
- Examine whether Baker Technology 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.
- Baker Technology competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
Past Performance
How has Baker Technology performed over the past 5 years?
-12.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BTP is currently unprofitable.
Growing Profit Margin: BTP is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BTP is unprofitable, and losses have increased over the past 5 years at a rate of 12.4% per year.
Accelerating Growth: Unable to compare BTP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BTP is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (2.9%).
Return on Equity
High ROE: BTP has a negative Return on Equity (-7.42%), as it is currently unprofitable.
Next Steps
Financial Health
How is Baker Technology's financial position?
Financial Position Analysis
Short Term Liabilities: BTP's short term assets (SGD80.8M) exceed its short term liabilities (SGD28.6M).
Long Term Liabilities: BTP's short term assets (SGD80.8M) exceed its long term liabilities (SGD12.8M).
Debt to Equity History and Analysis
Debt Level: BTP's debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if BTP's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: BTP's debt is well covered by operating cash flow (106.8%).
Interest Coverage: Insufficient data to determine if BTP's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Baker Technology current dividend yield, its reliability and sustainability?
1.92%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BTP's dividend (1.92%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (2.15%).
High Dividend: BTP's dividend (1.92%) is low compared to the top 25% of dividend payers in the SG market (5.04%).
Stability and Growth of Payments
Stable Dividend: BTP's dividend payments have been volatile in the past 10 years.
Growing Dividend: BTP's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: BTP is paying a dividend but the company is unprofitable.
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?
2.1yrs
Average management tenure
CEO
Jeanette Chang (44 yo)
2yrs
Tenure
S$662,940
Compensation
Ms. Jeanette Chang has been Chief Executive Officer of Baker Technology Limited since January 1, 2019 and has been its Executive Director since September 1, 2013. Ms. Chang has been a Non-Executive Directo...
CEO Compensation Analysis
Compensation vs Market: Jeanette's total compensation ($USD498.75K) is about average for companies of similar size in the SG market ($USD409.91K).
Compensation vs Earnings: Jeanette's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2yrs | S$662.94k | no data | |
| Executive Director | 20.67yrs | S$723.09k | 52.69% SGD 27.8m | |
| Chief Financial Officer | 7.33yrs | S$321.77k | no data | |
| Managing Director of Baker Engineering Pte. Ltd. & Sea Deep Shipyard Pte. Ltd. | 7.25yrs | no data | no data | |
| Company Secretary | 1.17yrs | no data | no data |
2.1yrs
Average Tenure
50.5yo
Average Age
Experienced Management: BTP's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2yrs | S$662.94k | no data | |
| Executive Director | 20.67yrs | S$723.09k | 52.69% SGD 27.8m | |
| Independent Chairman of the Board | 1.33yrs | S$74.75k | no data | |
| Non-Executive Non-Independent Director | 20.67yrs | S$173.54k | 2.03% SGD 1.1m | |
| Independent Non-Executive Director | 7.17yrs | S$65.00k | no data | |
| Independent Non-Executive Director | 7.08yrs | S$65.00k | 0.049% SGD 26.0k |
7.3yrs
Average Tenure
63.5yo
Average Age
Experienced Board: BTP's board of directors are considered experienced (7.3 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Baker Technology Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Baker Technology Limited
- Ticker: BTP
- Exchange: SGX
- Founded: 1981
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: S$52.748m
- Shares outstanding: 202.88m
- Website: https://www.bakertech.com.sg
Number of Employees
Location
- Baker Technology Limited
- 10 Jalan Samulun
- Singapore
- 629124
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BTP | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Nov 1994 |
Biography
Baker Technology Limited, together with its subsidiaries, manufactures and provides specialized marine offshore equipment and services for the oil and gas industry in the Asia Pacific, Africa, the Middle E...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 11:09 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.