SGX:NO4

Stock Analysis Report

Dyna-Mac Holdings

Executive Summary

Dyna-Mac Holdings Limited, an investment holding company, engineers, fabricates, and constructs offshore floating production storage offloading (FPSO) and floating storage offloading (FSO) topside modules for the oil and gas industries.

Snowflake

Fundamentals

Excellent balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: NO4's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-12.4%

NO4

-1.9%

SG Energy Services

-0.4%

SG Market


1 Year Return

12.2%

NO4

2.8%

SG Energy Services

5.6%

SG Market

Return vs Industry: NO4 exceeded the SG Energy Services industry which returned 2.8% over the past year.

Return vs Market: NO4 exceeded the SG Market which returned 5.6% over the past year.


Shareholder returns

NO4IndustryMarket
7 Day-12.4%-1.9%-0.4%
30 Day36.4%39.6%3.6%
90 Day20.0%28.5%2.6%
1 Year12.2%12.2%3.3%2.8%10.0%5.6%
3 Year-25.9%-25.9%-42.3%-43.1%21.0%8.1%
5 Year-67.3%-68.8%-79.1%-80.3%11.9%-6.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Dyna-Mac Holdings 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: NO4 (SGD0.12) is trading below our estimate of fair value (SGD0.85)

Significantly Below Fair Value: NO4 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NO4 is poor value based on its PE Ratio (224.3x) compared to the Energy Services industry average (15.6x).

PE vs Market: NO4 is poor value based on its PE Ratio (224.3x) compared to the SG market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NO4's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NO4 is overvalued based on its PB Ratio (1.2x) compared to the SG Energy Services industry average (0.7x).


Next Steps

Future Growth

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

35.5%

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 Dyna-Mac 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 Dyna-Mac Holdings performed over the past 5 years?

-39.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NO4 has large one-off items impacting its financial results.

Growing Profit Margin: NO4 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NO4 has become profitable over the past 5 years, growing earnings by -39.2% per year.

Accelerating Growth: NO4 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: NO4 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (15.7%).


Return on Equity

High ROE: NO4's Return on Equity (0.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Dyna-Mac Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: NO4's short term assets (SGD104.4M) exceeds its short term liabilities (SGD49.7M)

Long Term Liabilities: NO4's short term assets (SGD104.4M) exceeds its long term liabilities (29.8M)


Debt to Equity History and Analysis

Debt Level: NO4's debt to equity ratio (15.9%) is considered satisfactory.

Reducing Debt: NO4's debt to equity ratio has reduced from 36.1% to 15.9% over the past 5 years.

Debt Coverage: NO4's debt is well covered by operating cash flow (125.3%).

Interest Coverage: Insufficient data to determine if NO4's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: NO4 has a high level of physical assets or inventory.

Debt Coverage by Assets: NO4's debt is covered by short term assets (assets are 6.2x debt).


Next Steps

Dividend

What is Dyna-Mac Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.5%markettop25%5.5%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate NO4's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate NO4's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NO4's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NO4's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: NO4 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NO4's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

What is the CEO of Dyna-Mac Holdings's salary, the management and board of directors tenure and is there insider trading?

7.6yrs

Average management tenure


CEO

Dyna-Mac Holdings has no CEO, or we have no data on them.


Management Age and Tenure

7.6yrs

Average Tenure

62yo

Average Age

Experienced Management: NO4's management team is seasoned and experienced (7.6 years average tenure).


Board Age and Tenure

8.8yrs

Average Tenure

58yo

Average Age

Experienced Board: NO4's board of directors are considered experienced (8.8 years average tenure).


Insider Trading

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.


Management Team

  • Meng Ling Liew

    Company Secretary

    • Tenure: 0yrs
  • Varghese John (74yo)

    Senior Chief Corporate Officer

    • Tenure: 0yrs
  • Tjew Lim (59yo)

    COO & Executive Non-Independent Director

    • Tenure: 8.8yrs
  • Simon Teo (62yo)

    Chief Marketing Officer

    • Tenure: 8.4yrs
  • Joyce Tiong

    Chief Financial Officer

    • Tenure: 13.8yrs
  • Swee Chong

    Vice-President of Human Resource

    • Tenure: 0yrs
  • Satish Malik

    Chief Development Officer

    • Tenure: 1.2yrs

Board Members

  • Soo Kiat Tan (60yo)

    Non-Executive Lead Independent Director

    • Tenure: 8.8yrs
  • How Chor (57yo)

    Non-Executive Non-Independent Director

    • Tenure: 1.8yrs
  • Seh Hong Ong (56yo)

    Non-Executive Independent Director

    • Tenure: 8.8yrs
  • Tjew Lim (59yo)

    COO & Executive Non-Independent Director

    • Tenure: 8.8yrs
  • Juliana Lee

    Independent Director

    • Tenure: 1.4yrs
  • Rui Lim

    Non-Executive Director

    • Tenure: 0yrs

Company Information

Dyna-Mac Holdings Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dyna-Mac Holdings Ltd.
  • Ticker: NO4
  • Exchange: SGX
  • Founded: 1990
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: S$129.948m
  • Shares outstanding: 1.02b
  • Website: https://www.dyna-mac.com

Number of Employees


Location

  • Dyna-Mac Holdings Ltd.
  • 45 Gul Road
  • Singapore
  • 629350
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NO4SGX (Singapore Exchange)YesOrdinary SharesSGSGDMar 2011
3INBST (Boerse-Stuttgart)YesOrdinary SharesDEEURMar 2011

Biography

Dyna-Mac Holdings Limited, an investment holding company, engineers, fabricates, and constructs offshore floating production storage offloading (FPSO) and floating storage offloading (FSO) topside modules  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/19 12:55
End of Day Share Price2019/11/19 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.