SGX:QC7

Stock Analysis Report

Q & M Dental Group (Singapore)

Executive Summary

Q & M Dental Group (Singapore) Limited provides private dental healthcare services.

Snowflake

Fundamentals

Moderate growth potential second-rate dividend payer.

Share Price & News

How has Q & M Dental Group (Singapore)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.0%

QC7

0.9%

SG Healthcare

0.9%

SG Market


1 Year Return

0%

QC7

-11.4%

SG Healthcare

1.4%

SG Market

Return vs Industry: QC7 exceeded the SG Healthcare industry which returned -11.4% over the past year.

Return vs Market: QC7 underperformed the SG Market which returned 1.4% over the past year.


Shareholder returns

QC7IndustryMarket
7 Day2.0%0.9%0.9%
30 Day2.0%0.8%-2.3%
90 Day2.0%-4.3%-6.7%
1 Year1.7%0%-9.9%-11.4%5.4%1.4%
3 Year-30.1%-34.2%-20.1%-25.0%15.8%3.4%
5 Year34.4%7.5%-14.7%-23.6%11.3%-7.0%

Price Volatility Vs. Market

How volatile is Q & M Dental Group (Singapore)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Q & M Dental Group (Singapore) undervalued compared to its fair value and its price relative to the market?

29.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: QC7 (SGD0.5) is trading above our estimate of fair value (SGD0.45)

Significantly Undervalued: QC7 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: QC7 is poor value based on its PE Ratio (29.6x) compared to the Healthcare industry average (27.1x).

PE vs Market: QC7 is poor value based on its PE Ratio (29.6x) compared to the SG market (13.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: QC7 is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: QC7 is overvalued based on its PB Ratio (3.4x) compared to the SG Healthcare industry average (2.3x).


Next Steps

Future Growth

How is Q & M Dental Group (Singapore) forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

9.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QC7's forecast earnings growth (9.6% per year) is above the savings rate (2.3%).

Earnings vs Market: QC7's earnings (9.6% per year) are forecast to grow faster than the SG market (5.7% per year).

High Growth Earnings: QC7's earnings are forecast to grow, but not significantly.

Revenue vs Market: QC7's revenue (7% per year) is forecast to grow faster than the SG market (5.4% per year).

High Growth Revenue: QC7's revenue (7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: QC7's Return on Equity is forecast to be low in 3 years time (12.1%).


Next Steps

Past Performance

How has Q & M Dental Group (Singapore) performed over the past 5 years?

14.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: QC7's earnings have grown by 14.1% per year over the past 5 years.

Accelerating Growth: QC7's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: QC7 had negative earnings growth (-14%) over the past year, making it difficult to compare to the Healthcare industry average (-13.3%).


Return on Equity

High ROE: QC7's Return on Equity (11.5%) is considered low.


Return on Assets

ROA vs Industry: QC7's Return on Assets is below or equal to the Healthcare industry average last year.


Return on Capital Employed

ROCE Improving: QC7's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Q & M Dental Group (Singapore)'s financial position?


Financial Position Analysis

Short Term Liabilities: QC7's short term assets (SGD49.6M) exceeds its short term liabilities (SGD23.2M)

Long Term Liabilities: QC7's short term assets (49.6M) do not cover its long term liabilities (114.7M)


Debt to Equity History and Analysis

Debt Level: QC7's debt to equity ratio (76.5%) is considered high

Reducing Debt: QC7's debt to equity ratio has increased from 45.6% to 76.5% over the past 5 years.

Debt Coverage: QC7's debt is not well covered by operating cash flow (19.8%).

Interest Coverage: QC7's interest payments on its debt are well covered by EBIT (3.8x coverage).


Balance Sheet

Inventory Level: QC7 has a high level of physical assets or inventory.

Debt Coverage by Assets: QC7's debt is not covered by short term assets (assets are 0.6x debt).


Next Steps

Dividend

What is Q & M Dental Group (Singapore)'s current dividend yield, its reliability and sustainability?

1.64%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%2.5%markettop25%5.6%industryaverage2.9%forecastin3Years1.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: QC7's dividend (1.64%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (2.5%).

High Dividend: QC7's dividend (1.64%) is low compared to the top 25% of dividend payers in the SG market (5.59%).

Stable Dividend: QC7's dividend payments have been volatile in the past 10 years.

Growing Dividend: QC7's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (48.5%), QC7's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: QC7's dividends in 3 years are forecast to be covered by earnings (52.7% payout ratio).


Next Steps

Management

What is the CEO of Q & M Dental Group (Singapore)'s salary, the management and board of directors tenure and is there insider trading?

8.3yrs

Average management tenure


CEO

Chin-Siau Ng (51yo)

8.3yrs

Tenure

0

Dr. Chin Siau Ng founded Q & M Dental Group (Singapore) Limited in November 1996 and has been its Group Chief Executive Officer since June 1, 2011. Dr. Ng served as the Chief Executive Officer at Q & M Den ...


Management Age and Tenure

8.3yrs

Average Tenure

51yo

Average Age

Experienced Management: QC7's management team is seasoned and experienced (8.3 years average tenure).


Board Age and Tenure

8.2yrs

Average Tenure

54.5yo

Average Age

Experienced Board: QC7's board of directors are considered experienced (8.2 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.


Recent Insider Transactions

BuyS$619,49926 Aug 19
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Ownership Breakdown


Management Team

  • Choi Fan Toon

    Company Secretary

    • Tenure: 0yrs
  • Vitters Sim (60yo)

    Chief Financial Officer

    • Tenure: 9.5yrs
  • Chin-Siau Ng (51yo)

    Founder

    • Tenure: 8.3yrs
  • Raymond Ang (50yo)

    COO & Executive Director

    • Tenure: 11.3yrs
  • Sook Hwa Ng (78yo)

    Group Financial Controller

    • Tenure: 8.3yrs
  • Siew Jiuan Foo (51yo)

    General Manager

    • Tenure: 0yrs
  • Sook Jing Ng

    Executive Officer

    • Tenure: 0yrs
  • Selena Leong

    Company Secretary

    • Tenure: 2.2yrs
  • Yun Teh

    Legal Counsel

    • Tenure: 0yrs

Board Members

  • Harry Ng (63yo)

    Non-Executive & Independent Director

    • Tenure: 10yrs
  • Chin-Siau Ng (51yo)

    Founder

    • Tenure: 8.3yrs
  • Raymond Ang (50yo)

    COO & Executive Director

    • Tenure: 11.3yrs
  • Narayanan Sreenivasan (58yo)

    Non-Executive & Independent Chairman

    • Tenure: 5.7yrs
  • Chooi Gait Toh

    Non-Executive & Independent Director

    • Tenure: 6.3yrs
  • Wai Chiew Chik

    Non-Independent & Non-Executive Director

    • Tenure: 2.2yrs

Company Information

Q & M Dental Group (Singapore) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Q & M Dental Group (Singapore) Limited
  • Ticker: QC7
  • Exchange: SGX
  • Founded: 1996
  • Industry: Health Care Services
  • Sector: Healthcare
  • Market Cap: S$384.955m
  • Shares outstanding: 785.62m
  • Website: https://www.qandm.com.sg

Number of Employees


Location

  • Q & M Dental Group (Singapore) Limited
  • No. 02-04, The Chadwick
  • Singapore Science Park 1
  • Singapore
  • 118257
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QC7SGX (Singapore Exchange)YesOrdinary SharesSGSGDNov 2009
QMBNDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2009

Biography

Q & M Dental Group (Singapore) Limited provides private dental healthcare services. It operates through Primary Healthcare, and Dental Equipment and Supplies Distribution segments. It offers various aesthe ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 12:50
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
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.