Executive Summary
MTQ Corporation Limited, together with its subsidiaries, provides engineering solutions for oilfield equipment in Singapore, the Kingdom of Bahrain, Australia, the United Kingdom, and Indonesia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with proven track record.
Share Price & News
How has MTQ's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: Insufficient data to determine M05's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine M05's volatility change over the past year.
Market Performance
7 Day Return
11.1%
M05
5.5%
SG Energy Services
5.0%
SG Market
1 Year Return
-7.4%
M05
-19.7%
SG Energy Services
23.7%
SG Market
Return vs Industry: M05 exceeded the SG Energy Services industry which returned -19.7% over the past year.
Return vs Market: M05 underperformed the SG Market which returned 23.7% over the past year.
Shareholder returns
| M05 | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.1% | 5.5% | 5.0% |
| 30 Day | 16.3% | 12.0% | 20.5% |
| 90 Day | 47.1% | 16.8% | 27.0% |
| 1 Year | -2.6%-7.4% | -19.4%-19.7% | 28.4%23.7% |
| 3 Year | -25.9%-36.7% | -51.3%-51.9% | 57.9%42.3% |
| 5 Year | -35.0%-44.4% | -70.5%-71.3% | 100.9%72.1% |
Long-Term Price Volatility Vs. Market
How volatile is MTQ's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Does MTQ (SGX:M05) Have A Healthy Balance Sheet?1 month ago | Simply Wall St
Our View On MTQ's (SGX:M05) CEO Pay2 months ago | Simply Wall St
We're Not So Sure You Should Rely on MTQ's (SGX:M05) Statutory EarningsValuation
Is MTQ 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: M05 (SGD0.25) is trading below our estimate of fair value (SGD3.14)
Significantly Below Fair Value: M05 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: M05 is poor value based on its PE Ratio (7.1x) compared to the SG Energy Services industry average (5.9x).
PE vs Market: M05 is good value based on its PE Ratio (7.1x) compared to the SG market (15.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate M05's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: M05 is overvalued based on its PB Ratio (0.8x) compared to the SG Energy Services industry average (0.4x).
Next Steps
Future Growth
How is MTQ 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 MTQ 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 MTQ 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.
- MTQ 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 MTQ performed over the past 5 years?
36.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: M05 has a large one-off gain of SGD2.6M impacting its September 30 2020 financial results.
Growing Profit Margin: M05's current net profit margins (11.5%) are higher than last year (1.8%).
Past Earnings Growth Analysis
Earnings Trend: M05 has become profitable over the past 5 years, growing earnings by 36.1% per year.
Accelerating Growth: M05's earnings growth over the past year (579.6%) exceeds its 5-year average (36.1% per year).
Earnings vs Industry: M05 earnings growth over the past year (579.6%) exceeded the Energy Services industry 2.9%.
Return on Equity
High ROE: M05's Return on Equity (10.6%) is considered low.
Next Steps
Financial Health
How is MTQ's financial position?
Financial Position Analysis
Short Term Liabilities: M05's short term assets (SGD56.8M) exceed its short term liabilities (SGD13.5M).
Long Term Liabilities: M05's short term assets (SGD56.8M) exceed its long term liabilities (SGD23.1M).
Debt to Equity History and Analysis
Debt Level: M05's debt to equity ratio (20.5%) is considered satisfactory.
Reducing Debt: M05's debt to equity ratio has reduced from 42.6% to 20.5% over the past 5 years.
Debt Coverage: M05's debt is well covered by operating cash flow (75.1%).
Interest Coverage: M05's interest payments on its debt are well covered by EBIT (5.2x coverage).
Balance Sheet
Next Steps
Dividend
What is MTQ current dividend yield, its reliability and sustainability?
4.00%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: M05's dividend (4%) is higher than the bottom 25% of dividend payers in the SG market (2.13%).
High Dividend: M05's dividend (4%) is low compared to the top 25% of dividend payers in the SG market (4.94%).
Stability and Growth of Payments
Stable Dividend: M05's dividend payments have been volatile in the past 10 years.
Growing Dividend: M05's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.5%), M05'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?
7.0yrs
Average management tenure
CEO
Boon Wee Kuah (53 yo)
10.5yrs
Tenure
S$431,000
Compensation
Mr. Boon Wee Kuah has been the Group Chief Executive Officer of MTQ Corporation Limited since July 1, 2010 and has been its Managing Director of Oilfield Engineering Division Operations since December 1, 2...
CEO Compensation Analysis
Compensation vs Market: Boon Wee's total compensation ($USD325.76K) is about average for companies of similar size in the SG market ($USD384.35K).
Compensation vs Earnings: Boon Wee's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO | 10.5yrs | S$431.00k | 3.55% SGD 1.8m | |
| Managing Director of Premier Sea & Land Pte Ltd and Mid-Continent Distribution Pte Ltd | no data | S$449.00k | no data | |
| Managing Director of MTQ Engineering Pte Ltd | no data | S$242.00k | no data | |
| Managing Director of Pemac Pte Ltd | 4.42yrs | S$195.00k | no data | |
| General Manager of MTQ Oilfield Services W.L.L. | no data | S$302.00k | no data | |
| Group Financial Controller & Company Secretary | 7yrs | no data | no data |
7.0yrs
Average Tenure
Experienced Management: M05's management team is seasoned and experienced (7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO | 10.5yrs | S$431.00k | 3.55% SGD 1.8m | |
| Non-Executive Chairman | 8.25yrs | S$216.00k | 25.35% SGD 13.2m | |
| Independent Director | 8.67yrs | S$47.00k | no data | |
| Non-Executive Non-Independent Director | 13.25yrs | S$38.00k | no data | |
| Lead Independent Director | 7.67yrs | S$34.00k | no data | |
| Non-Executive Non-Independent Director | 4.25yrs | S$34.00k | no data |
8.5yrs
Average Tenure
55yo
Average Age
Experienced Board: M05's board of directors are considered experienced (8.5 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
MTQ Corporation Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: MTQ Corporation Limited
- Ticker: M05
- Exchange: SGX
- Founded: 1959
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: S$51.875m
- Shares outstanding: 216.15m
- Website: https://www.mtq.com.sg
Number of Employees
Location
- MTQ Corporation Limited
- 182 Pandan Loop
- Singapore
- 128373
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| M05 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Jan 1992 |
Biography
MTQ Corporation Limited, together with its subsidiaries, provides engineering solutions for oilfield equipment in Singapore, the Kingdom of Bahrain, Australia, the United Kingdom, and Indonesia. It offers ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 11:08 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.