Catalist:A52

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Executive Summary

AnnAik Limited, an investment holding company, manufactures and sells stainless steel piping products in Singapore, the People’s Republic of China, South Korea, Malaysia, and internationally. More Details


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

How has AnnAik's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine A52's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine A52's volatility change over the past year.


Market Performance


7 Day Return

-20.6%

A52

1.4%

SG Metals and Mining

1.4%

SG Market


1 Year Return

-31.6%

A52

20.3%

SG Metals and Mining

-10.9%

SG Market

Return vs Industry: A52 underperformed the SG Metals and Mining industry which returned 20.8% over the past year.

Return vs Market: A52 underperformed the SG Market which returned -10.9% over the past year.


Shareholder returns

A52IndustryMarket
7 Day-20.6%1.4%1.4%
30 Day-3.6%12.8%5.4%
90 Dayn/a38.0%17.3%
1 Year-28.5%-31.6%23.4%20.3%-6.1%-10.9%
3 Year-54.0%-56.8%2.2%-4.4%-9.4%-20.5%
5 Year-21.6%-28.0%11.4%1.9%27.3%3.9%

Long-Term Price Volatility Vs. Market

How volatile is AnnAik's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is AnnAik undervalued compared to its fair value and its price relative to the market?

7.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: A52 (SGD0.05) is trading above our estimate of fair value (SGD0.04)

Significantly Below Fair Value: A52 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: A52 is good value based on its PE Ratio (7.6x) compared to the SG Metals and Mining industry average (13.7x).

PE vs Market: A52 is good value based on its PE Ratio (7.6x) compared to the SG market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate A52's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: A52 is good value based on its PB Ratio (0.3x) compared to the SG Metals and Mining industry average (2.3x).


Next Steps

Future Growth

How is AnnAik forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

33.3%

Forecasted Materials 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 AnnAik 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 AnnAik performed over the past 5 years?

57.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: A52 has a large one-off gain of SGD3.3M impacting its June 30 2020 financial results.

Growing Profit Margin: A52 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: A52 has become profitable over the past 5 years, growing earnings by 57% per year.

Accelerating Growth: A52 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: A52 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-10.2%).


Return on Equity

High ROE: A52's Return on Equity (5.4%) is considered low.


Next Steps

Financial Health

How is AnnAik's financial position?


Financial Position Analysis

Short Term Liabilities: A52's short term assets (SGD51.6M) exceed its short term liabilities (SGD31.1M).

Long Term Liabilities: A52's short term assets (SGD51.6M) exceed its long term liabilities (SGD24.2M).


Debt to Equity History and Analysis

Debt Level: A52's debt to equity ratio (47.3%) is considered high.

Reducing Debt: A52's debt to equity ratio has reduced from 60.6% to 47.3% over the past 5 years.

Debt Coverage: A52's debt is not well covered by operating cash flow (8.4%).

Interest Coverage: A52's interest payments on its debt are not well covered by EBIT (0.3x coverage).


Balance Sheet


Next Steps

Dividend

What is AnnAik current dividend yield, its reliability and sustainability?

5.56%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: A52's dividend (5.56%) is higher than the bottom 25% of dividend payers in the SG market (2.15%).

High Dividend: A52's dividend (5.56%) is in the top 25% of dividend payers in the SG market (5.04%)


Stability and Growth of Payments

Stable Dividend: A52 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: A52 has only been paying a dividend for 9 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.4%), A52'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?

5.5yrs

Average management tenure


CEO

James Ow (67 yo)

10yrs

Tenure

Mr. Chin Seng Ow, also known as James, PBM has been Chief Executive Officer of AnnAik Ltd. since January 1, 2010 and has beeb its Director since March 31, 1990. Mr. Ow serves as President of the Singapore ...


Leadership Team

NamePositionTenureCompensationOwnership
Chin Seng Ow
Executive Chairman & CEO10yrsno data32.84%
SGD 5.1m
Kim Keang Ng
COO, Finance Director & Executive Director16yrsno data2.14%
SGD 333.9k
Jiangping Qiu
Group President of Environmental Technology & Engineering Division for Environmental Businessno datano datano data
Eei Meng Ow
Deputy CEO & Executive Director5.83yrsno data1.01%
SGD 157.6k
Kuei Lian Siau
Company Secretary5.5yrsno datano data
Chee Tay
Financial Controllerno datano datano data

5.5yrs

Average Tenure

45yo

Average Age

Experienced Management: A52's management team is seasoned and experienced (5.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chin Seng Ow
Executive Chairman & CEO10yrsno data32.84%
SGD 5.1m
Kim Keang Ng
COO, Finance Director & Executive Director16yrsno data2.14%
SGD 333.9k
Eei Meng Ow
Deputy CEO & Executive Director5.83yrsno data1.01%
SGD 157.6k
Thiam Gan
Independent Director1.33yrsno datano data
Poh Hong Tan
Independent Director2.5yrsno datano data
Geok Peng Lim
Independent Director3.5yrsno datano data

3.5yrs

Average Tenure

55yo

Average Age

Experienced Board: A52's board of directors are considered experienced (3.5 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

AnnAik Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AnnAik Limited
  • Ticker: A52
  • Exchange: Catalist
  • Founded: 1977
  • Industry: Steel
  • Sector: Materials
  • Market Cap: S$15.581m
  • Shares outstanding: 288.53m
  • Website: https://www.annaik.com

Location

  • AnnAik Limited
  • 52 Tuas Avenue 9
  • Singapore
  • 639193
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
A52Catalist (Singapore Exchange Catalist Market)YesOrdinary SharesSGSGDSep 2003

Biography

AnnAik Limited, an investment holding company, manufactures and sells stainless steel piping products in Singapore, the People’s Republic of China, South Korea, Malaysia, and internationally. The company o...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 11:11
End of Day Share Price2021/01/14 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.