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QNS

Southern Alliance Mining Catalist:QNS Stock Report

Last Price

S$0.65

Market Cap

S$317.7m

7D

0.8%

1Y

-35.0%

Updated

08 Aug, 2022

Data

Company Financials
QNS fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends3/6

QNS Stock Overview

Southern Alliance Mining Ltd., an investment holding company, engages in the exploration, mining, processing, and sale of iron ore in Malaysia.

Southern Alliance Mining Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Southern Alliance Mining
Historical stock prices
Current Share PriceS$0.65
52 Week HighS$1.04
52 Week LowS$0.55
Beta0.84
1 Month Change7.44%
3 Month Change2.36%
1 Year Change-35.00%
3 Year Changen/a
5 Year Changen/a
Change since IPO140.74%

Recent News & Updates

Shareholder Returns

QNSSG Metals and MiningSG Market
7D0.8%-0.9%1.8%
1Y-35.0%-22.1%-0.07%

Return vs Industry: QNS underperformed the SG Metals and Mining industry which returned -22.1% over the past year.

Return vs Market: QNS underperformed the SG Market which returned -0.1% over the past year.

Price Volatility

Is QNS's price volatile compared to industry and market?
QNS volatility
QNS Average Weekly Movement12.3%
Metals and Mining Industry Average Movement10.3%
Market Average Movement4.8%
10% most volatile stocks in SG Market12.3%
10% least volatile stocks in SG Market2.2%

Stable Share Price: QNS is more volatile than 75% of SG stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: QNS's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of SG stocks.

About the Company

FoundedEmployeesCEOWebsite
2019n/aKok Sam Pekhttps://southernalliancemining.com

Southern Alliance Mining Ltd., an investment holding company, engages in the exploration, mining, processing, and sale of iron ore in Malaysia. Its iron ore products include processed iron ore concentrate for steel mills or traders; and crushed iron ore that are used as pipe coating material. The company’s principal property is the Chaah Mine that consists of two mining leases covering an area of 225.7 hectares located in Johor, Malaysia.

Southern Alliance Mining Fundamentals Summary

How do Southern Alliance Mining's earnings and revenue compare to its market cap?
QNS fundamental statistics
Market CapRM1.02b
Earnings (TTM)RM116.07m
Revenue (TTM)RM333.80m

8.8x

P/E Ratio

3.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QNS income statement (TTM)
RevenueRM333.80m
Cost of RevenueRM164.67m
Gross ProfitRM169.14m
Other ExpensesRM53.07m
EarningsRM116.07m

Last Reported Earnings

Jan 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.24
Gross Margin50.67%
Net Profit Margin34.77%
Debt/Equity Ratio0%

How did QNS perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

21%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is QNS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for QNS?

Other financial metrics that can be useful for relative valuation.

QNS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.3x
Enterprise Value/EBITDA5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does QNS's PE Ratio compare to its peers?

QNS PE Ratio vs Peers
The above table shows the PE ratio for QNS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average36.6x
OAJ Fortress Minerals
11.6x41.2%S$175.0m
A52 AnnAik
6.8xn/aS$21.1m
N02 NSL
64.9xn/aS$317.5m
5VJ Halcyon Agri
63xn/aS$342.9m
QNS Southern Alliance Mining
8.8xn/aS$317.7m

Price-To-Earnings vs Peers: QNS is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (36.6x).


Price to Earnings Ratio vs Industry

How does QNS's PE Ratio compare vs other companies in the Asian Metals and Mining Industry?

Price-To-Earnings vs Industry: QNS is good value based on its Price-To-Earnings Ratio (8.8x) compared to the SG Metals and Mining industry average (11.6x)


Price to Earnings Ratio vs Fair Ratio

What is QNS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

QNS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate QNS's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of QNS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: QNS (SGD0.65) is trading below our estimate of fair value (SGD1.39)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.7%

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 Southern Alliance Mining 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.


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  • Examine whether Southern Alliance Mining 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.

Past Performance

How has Southern Alliance Mining performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


40.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: QNS has a high level of non-cash earnings.

Growing Profit Margin: QNS's current net profit margins (34.8%) are higher than last year (29.6%).


Past Earnings Growth Analysis

Earnings Trend: QNS's earnings have grown significantly by 40.4% per year over the past 5 years.

Accelerating Growth: QNS's earnings growth over the past year (47.8%) exceeds its 5-year average (40.4% per year).

Earnings vs Industry: QNS earnings growth over the past year (47.8%) underperformed the Metals and Mining industry 51.5%.


Return on Equity

High ROE: QNS's Return on Equity (32.1%) is considered high.


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Financial Health

How is Southern Alliance Mining's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: QNS's short term assets (MYR277.7M) exceed its short term liabilities (MYR18.5M).

Long Term Liabilities: QNS's short term assets (MYR277.7M) exceed its long term liabilities (MYR12.0M).


Debt to Equity History and Analysis

Debt Level: QNS is debt free.

Reducing Debt: QNS had no debt 5 years ago.

Debt Coverage: QNS has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: QNS has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Southern Alliance Mining current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.34%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: QNS's dividend (2.34%) is higher than the bottom 25% of dividend payers in the SG market (2.31%).

High Dividend: QNS's dividend (2.34%) is low compared to the top 25% of dividend payers in the SG market (5.85%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, QNS has been paying a dividend for less than 10 years.

Growing Dividend: QNS's dividend payments have increased, but the company has only paid a dividend for 2 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (20.6%), QNS's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (27.5%), QNS's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average board tenure


CEO

Kok Sam Pek (54 yo)

no data

Tenure

Dato’ Sri Kok Sam Pek serves as CEO and Executive Director at Southern Alliance Mining Ltd. He is one of the founders of Group and serves as a director since September 19, 2019. His responsibilities includ...


Board Members

Experienced Board: QNS's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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

Southern Alliance Mining Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Southern Alliance Mining Ltd.
  • Ticker: QNS
  • Exchange: Catalist
  • Founded: 2019
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: S$317.713m
  • Shares outstanding: 488.79m
  • Website: https://southernalliancemining.com

Number of Employees


Location

  • Southern Alliance Mining Ltd.
  • Menara Zenith
  • Level 8
  • Kuantan
  • Pahang
  • 25200
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/08 00:00
End of Day Share Price2022/08/08 00:00
Earnings2022/01/31
Annual Earnings2021/07/31


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.