SGX:BTP

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Baker Technology

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


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

BTPIndustryMarket
7 Day15.6%1.6%1.4%
30 Day8.3%6.8%5.1%
90 Day23.8%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

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

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

NamePositionTenureCompensationOwnership
Jeanette Chang
CEO & Executive Director2yrsS$662.94kno data
Benety Chang
Executive Director20.67yrsS$723.09k52.69%
SGD 27.8m
Kiang Kherng Tan
Chief Financial Officer7.33yrsS$321.77kno data
Wee Lee Tan
Managing Director of Baker Engineering Pte. Ltd. & Sea Deep Shipyard Pte. Ltd.7.25yrsno datano data
Mee Fun Lim
Company Secretary1.17yrsno datano 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

NamePositionTenureCompensationOwnership
Jeanette Chang
CEO & Executive Director2yrsS$662.94kno data
Benety Chang
Executive Director20.67yrsS$723.09k52.69%
SGD 27.8m
Meng Yeng Wong
Independent Chairman of the Board1.33yrsS$74.75kno data
Yang Guan Tan
Non-Executive Non-Independent Director20.67yrsS$173.54k2.03%
SGD 1.1m
Miah Khiang Ang
Independent Non-Executive Director7.17yrsS$65.00kno data
Sah Heok Han
Independent Non-Executive Director7.08yrsS$65.00k0.049%
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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BTPSGX (Singapore Exchange)YesOrdinary SharesSGSGDNov 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 11:09
End of Day Share Price2021/01/15 00:00
Earnings2020/06/30
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.