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Transit-Mixed Concrete

SGX:570
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
570
SGX
SGD9M
Market Cap
  1. Home
  2. SG
  3. Materials
Company description

Transit-Mixed Concrete Ltd, an investment holding company, engages in the manufacture, supply, and sale of ready-mixed concrete in Singapore and Malaysia. The last earnings update was 195 days ago. More info.


Add to Portfolio Compare Print
  • Transit-Mixed Concrete has significant price volatility in the past 3 months.
570 Share Price and Events
7 Day Returns
0%
SGX:570
-6.2%
SG Basic Materials
0.6%
SG Market
1 Year Returns
-67%
SGX:570
-12.4%
SG Basic Materials
-6.1%
SG Market
570 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Transit-Mixed Concrete (570) 0% -12% -42.6% -67% -81.5% -68.2%
SG Basic Materials -6.2% -7.8% 9.4% -12.4% 57.5% 68.6%
SG Market 0.6% 3.2% 4.6% -6.1% 10% -2.2%
1 Year Return vs Industry and Market
  • 570 underperformed the Basic Materials industry which returned -12.4% over the past year.
  • 570 underperformed the Market in Singapore which returned -6.1% over the past year.
Price Volatility
570
Industry
5yr Volatility vs Market

Value

 Is Transit-Mixed Concrete undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Transit-Mixed Concrete to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Transit-Mixed Concrete.

SGX:570 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:570
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.903 (1 + (1- 17%) (1.1%))
0.94
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (0.94 * 5.96%)
7.91%

Discounted Cash Flow Calculation for SGX:570 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Transit-Mixed Concrete is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:570 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 7.91%)
2019 0.51 Est @ -52.85% 0.47
2020 0.32 Est @ -36.31% 0.28
2021 0.24 Est @ -24.72% 0.19
2022 0.20 Est @ -16.62% 0.15
2023 0.18 Est @ -10.94% 0.12
2024 0.17 Est @ -6.97% 0.11
2025 0.16 Est @ -4.19% 0.09
2026 0.16 Est @ -2.24% 0.09
2027 0.16 Est @ -0.88% 0.08
2028 0.16 Est @ 0.08% 0.07
Present value of next 10 years cash flows SGD1.65
SGX:570 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD0.16 × (1 + 2.3%) ÷ (7.91% – 2.3%)
SGD2.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD2.85 ÷ (1 + 7.91%)10
SGD1.33
SGX:570 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD1.65 + SGD1.33
SGD2.98
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD2.98 / 69.59
SGD0.04
SGX:570 Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD0.04
Current discount Discount to share price of SGD0.13
= -1 x (SGD0.13 - SGD0.04) / SGD0.04
-207.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Transit-Mixed Concrete is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Transit-Mixed Concrete's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Transit-Mixed Concrete's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:570 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-08-31) in SGD SGD-0.08
SGX:570 Share Price ** SGX (2019-04-15) in SGD SGD0.13
Asia Basic Materials Industry PE Ratio Median Figure of 64 Publicly-Listed Basic Materials Companies 16.19x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Transit-Mixed Concrete.

SGX:570 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:570 Share Price ÷ EPS (both in SGD)

= 0.13 ÷ -0.08

-1.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Transit-Mixed Concrete is loss making, we can't compare its value to the Asia Basic Materials industry average.
  • Transit-Mixed Concrete is loss making, we can't compare the value of its earnings to the Singapore market.
Price based on expected Growth
Does Transit-Mixed Concrete's expected growth come at a high price?
Raw Data
SGX:570 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
47.8%per year
Asia Basic Materials Industry PEG Ratio Median Figure of 27 Publicly-Listed Basic Materials Companies 1.59x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Transit-Mixed Concrete, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Transit-Mixed Concrete's assets?
Raw Data
SGX:570 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-08-31) in SGD SGD0.24
SGX:570 Share Price * SGX (2019-04-15) in SGD SGD0.13
Singapore Basic Materials Industry PB Ratio Median Figure of 5 Publicly-Listed Basic Materials Companies 0.55x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:570 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:570 Share Price ÷ Book Value per Share (both in SGD)

= 0.13 ÷ 0.24

0.55x

* Primary Listing of Transit-Mixed Concrete.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Transit-Mixed Concrete is good value based on assets compared to the SG Basic Materials industry average.
X
Value checks
We assess Transit-Mixed Concrete's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. Transit-Mixed Concrete has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Transit-Mixed Concrete expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Transit-Mixed Concrete, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
47.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Transit-Mixed Concrete expected to grow at an attractive rate?
  • Transit-Mixed Concrete's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Transit-Mixed Concrete's earnings growth is expected to exceed the Singapore market average.
  • Unable to compare Transit-Mixed Concrete's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:570 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:570 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 47.8%
Asia Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Asia Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.9%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:570 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:570 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SGX:570 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-08-31 17 3 -6
2018-05-31 17 4 -5
2018-02-28 17 4 -5
2017-11-30 18 5 -2
2017-08-31 19 5 0
2017-05-31 21 6 1
2017-02-28 22 6 2
2016-11-30 25 8 3
2016-08-31 27 9 4
2016-05-31 30 10 5
2016-02-29 33 10 6
2015-11-30 33 10 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Transit-Mixed Concrete's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Transit-Mixed Concrete is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:570 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Transit-Mixed Concrete Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:570 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SGX:570 Past Financials Data
Date (Data in SGD Millions) EPS *
2018-08-31 -0.08
2018-05-31 -0.07
2018-02-28 -0.07
2017-11-30 -0.03
2017-08-31 0.01
2017-05-31 0.02
2017-02-28 0.03
2016-11-30 0.04
2016-08-31 0.06
2016-05-31 0.07
2016-02-29 0.08
2015-11-30 0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Transit-Mixed Concrete will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Transit-Mixed Concrete's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Transit-Mixed Concrete has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Transit-Mixed Concrete performed over the past 5 years?

  • Transit-Mixed Concrete's last earnings update was 195 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Transit-Mixed Concrete's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Transit-Mixed Concrete does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Transit-Mixed Concrete's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Transit-Mixed Concrete's 1-year growth to the Asia Basic Materials industry average as it is not currently profitable.
Earnings and Revenue History
Transit-Mixed Concrete's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Transit-Mixed Concrete Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:570 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-08-31 16.60 -5.63 1.97
2018-05-31 16.82 -5.12 1.95
2018-02-28 17.04 -4.60 1.93
2017-11-30 17.98 -2.08 1.86
2017-08-31 18.92 0.44 1.80
2017-05-31 20.51 1.19 1.83
2017-02-28 22.11 1.94 1.86
2016-11-30 24.76 2.89 2.06
2016-08-31 27.41 3.85 2.27
2016-05-31 30.07 4.70 2.38
2016-02-29 32.73 5.55 2.49
2015-11-30 32.53 6.09 2.59
2015-08-31 32.34 6.64 2.70
2015-05-31 30.76 6.00 2.63
2015-02-28 29.19 5.36 2.56
2014-11-30 27.97 4.38 2.33
2014-08-31 26.75 3.40 2.09
2014-05-31 26.26 3.39 2.07
2014-02-28 25.77 3.38 2.04
2013-11-30 24.64 3.47 2.00
2013-08-31 23.51 3.56 1.97
2013-05-31 22.36 3.16 1.92
2013-02-28 21.22 2.76 1.88
2012-11-30 20.55 2.48 1.87
2012-08-31 19.88 2.20 1.86
2012-05-31 19.63 2.30 1.87

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Transit-Mixed Concrete has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Transit-Mixed Concrete has efficiently used its assets last year compared to the Asia Basic Materials industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Transit-Mixed Concrete improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Transit-Mixed Concrete's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Transit-Mixed Concrete has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Transit-Mixed Concrete's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Transit-Mixed Concrete's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Transit-Mixed Concrete is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Transit-Mixed Concrete's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Transit-Mixed Concrete's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 94.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Transit-Mixed Concrete Company Filings, last reported 7 months ago.

SGX:570 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-08-31 17.81 0.10 3.29
2018-05-31 17.81 0.10 3.29
2018-02-28 19.00 0.33 3.09
2017-11-30 19.00 0.33 3.09
2017-08-31 24.85 0.32 2.38
2017-05-31 24.85 0.32 2.38
2017-02-28 24.79 0.45 2.02
2016-11-30 24.79 0.45 2.02
2016-08-31 27.09 0.95 2.82
2016-05-31 27.09 0.95 2.82
2016-02-29 25.51 1.14 3.15
2015-11-30 25.51 1.14 3.15
2015-08-31 26.01 2.03 3.43
2015-05-31 26.01 2.03 3.43
2015-02-28 22.91 3.24 1.90
2014-11-30 22.91 3.24 1.90
2014-08-31 21.77 3.07 0.78
2014-05-31 21.77 3.07 0.78
2014-02-28 19.59 3.19 0.56
2013-11-30 19.59 3.19 0.56
2013-08-31 19.90 2.64 0.64
2013-05-31 19.90 2.64 0.64
2013-02-28 17.89 2.72 0.44
2012-11-30 17.89 2.72 0.44
2012-08-31 17.72 2.66 0.60
2012-05-31 17.72 2.66 0.60
  • Transit-Mixed Concrete's level of debt (0.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (13.3% vs 0.6% today).
  • Debt is well covered by operating cash flow (2763.1%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Transit-Mixed Concrete's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Transit-Mixed Concrete's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Transit-Mixed Concrete has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Transit-Mixed Concrete's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Transit-Mixed Concrete dividends.
If you bought SGD2,000 of Transit-Mixed Concrete shares you are expected to receive SGD0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Transit-Mixed Concrete's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Transit-Mixed Concrete's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:570 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Asia Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 49 Stocks 2.2%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:570 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
SGX:570 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2018-10-12 0.000 0.000
2018-06-18 0.000 0.000
2018-05-10 0.000 0.000
2017-10-16 0.020 4.294
2017-06-07 0.020 3.359
2017-04-27 0.020 3.052
2016-10-13 0.030 4.571
2016-04-26 0.040 5.893
2015-10-15 0.040 6.628
2015-06-10 0.040 7.619
2014-10-17 0.030 6.451
2014-04-24 0.030 6.826
2013-10-25 0.030 8.246
2013-04-24 0.020 6.344
2012-10-16 0.020 6.904
2012-04-27 0.020 6.806
2011-10-17 0.025 8.034
2011-04-20 0.025 7.710
2010-10-15 0.030 8.850
2010-05-10 0.035 10.269
2009-10-15 0.035 10.761
2009-05-05 0.030 10.023

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Transit-Mixed Concrete has not reported any payouts.
  • Unable to verify if Transit-Mixed Concrete's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Transit-Mixed Concrete's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Transit-Mixed Concrete has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Transit-Mixed Concrete's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Transit-Mixed Concrete afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Transit-Mixed Concrete has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Transit-Mixed Concrete's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kien Liu
AGE 61
TENURE AS CEO 0.8 years
CEO Bio

Mr. Kien Fang Liu has been Group General Manager and Acting Chief Executive Officer at Transit-Mixed Concrete Ltd since June 1, 2018. He served as Marketing Manager responsible for the marketing of concrete pump services of Transit-Mixed Concrete Ltd. Mr. Liu joined Transit-Mixed Concrete Ltd in August 1997. He has more than 15 years of working experience in the construction industry and holds a diploma in Business Management from the Singapore Institute of Management.

CEO Compensation
  • Insufficient data for Kien to compare compensation growth.
  • Insufficient data for Kien to establish whether their remuneration is reasonable compared to companies of similar size in Singapore.
Management Team

Boh Yap

TITLE
Founder & Non Executive Director
COMPENSATION
SGD26K
AGE
80
TENURE
39.7 yrs

Kien Liu

TITLE
Group GM & Acting CEO
AGE
61
TENURE
0.8 yrs

Lee Lee Chen

TITLE
Finance Manager & Company Secretary
AGE
55

Kim Keow Lee

TITLE
Operations Manager
AGE
58
Board of Directors Tenure

Average tenure and age of the Transit-Mixed Concrete board of directors in years:

10.6
Average Tenure
68
Average Age
  • The average tenure for the Transit-Mixed Concrete board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Kok Hiang Tan

TITLE
Chairman
COMPENSATION
SGD33K
AGE
68

Boh Yap

TITLE
Founder & Non Executive Director
COMPENSATION
SGD26K
AGE
80
TENURE
39.7 yrs

Wing Low

TITLE
Non-Executive Director
COMPENSATION
SGD21K
AGE
52
TENURE
11.7 yrs

Ho Tong Khoo

TITLE
Independent Non-Executive Director
AGE
77
TENURE
0.3 yrs

Eng Yap

TITLE
Alternate Director
AGE
52
TENURE
9.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
X
Management checks
We assess Transit-Mixed Concrete's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Transit-Mixed Concrete has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Kind Of Shareholder Owns Most Transit-Mixed Concrete Ltd (SGX:570) Stock?

Every investor in Transit-Mixed Concrete Ltd (SGX:570) should be aware of the most powerful shareholder groups. … Transit-Mixed Concrete is not a large company by global standards. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Could The Transit-Mixed Concrete Ltd (SGX:570) Ownership Structure Tell Us Something Useful?

Every investor in Transit-Mixed Concrete Ltd (SGX:570) should be aware of the most powerful shareholder groups. … Transit-Mixed Concrete is a smaller company with a market capitalization of S$13m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Transit-Mixed Concrete

Simply Wall St -

Who Really Owns Transit-Mixed Concrete Ltd (SGX:570)?

In this analysis, my focus will be on developing a perspective on Transit-Mixed Concrete Ltd’s (SGX:570) latest ownership structure, a less discussed, but important factor. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … See our latest analysis for Transit-Mixed Concrete

Simply Wall St -

Breaking Down Transit-Mixed Concrete Ltd's (SGX:570) Ownership Structure

Today, I will be analyzing Transit-Mixed Concrete Ltd’s (SGX:570) recent ownership structure, an important but not-so-popular subject among individual investors. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

What Are The Drivers Of Transit-Mixed Concrete Ltd's (SGX:570) Risks?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … 570’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … Therefore, investors may expect high beta associated with small companies, as well as those operating in the basic materials industry, relative to those more well-established firms in a more defensive industry.

Simply Wall St -

Should You Buy Transit-Mixed Concrete Ltd (SGX:570) For Its Dividend?

Transit-Mixed Concrete Ltd (SGX:570) has returned to shareholders over the past 10 years, an average dividend yield of 7.00% annually. … See our latest analysis for Transit-Mixed Concrete 5 questions to ask before buying a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is their annual yield among the top 25% of dividend payers? … Relative to peers, Transit-Mixed Concrete produces a yield of 4.76%, which is high for Basic Materials stocks.Next Steps: If Transit-Mixed Concrete is in your portfolio for cash-generating reasons, there may be better alternatives out there.

Simply Wall St -

Is Transit-Mixed Concrete Ltd's (SGX:570) PE Ratio A Signal To Sell For Investors?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for 570 Price per share = SGD0.46 Earnings per share = SGD0.006 ∴ Price-Earnings Ratio = SGD0.46 ÷ SGD0.006 = 72.1x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … At 72.1x, 570’s P/E is higher than its industry peers (23.1x). … For example, if you are inadvertently comparing riskier firms with 570, then 570’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.

Simply Wall St -

With -88.5% Earnings Drop Lately, Did Transit-Mixed Concrete Ltd (SGX:570) Underperform Its Industry?

When Transit-Mixed Concrete Ltd's (SGX:570) announced its latest earnings (31 August 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Transit-Mixed Concrete's average earnings over the past couple of years, and its industry performance. … Viewing growth from a sector-level, the SG basic materials industry has been enduring severe headwinds over the last few years, leading to an average earnings drop of -88.47% in the most recent year.

Simply Wall St -

Transit-Mixed Concrete Ltd (SGX:570): Time For A Financial Health Check

How does 570’s operating cash flow stack up against its debt? … Moreover, 570 has generated SGD6.4M in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 14.27x, signalling that 570’s operating cash is sufficient to cover its debt. … 570 has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at a safe level.

Simply Wall St -

Company Info

Description

Transit-Mixed Concrete Ltd, an investment holding company, engages in the manufacture, supply, and sale of ready-mixed concrete in Singapore and Malaysia. The company operates through three segments: Ready-Mixed Concrete, Concrete Pumping Services, and Waste Management. It is also involved in the rental of concrete pumping services; and trading of spare parts, pipes, and accessories of concrete pump business, as well as sells new and used concrete pumping equipment, including concrete placing booms, and mobile and stationary concrete pumps. In addition, the company offers waste management services, such as sewer pipeline inspection services with video camera, as well as sewer pipeline and grease-interceptor cleaning services. Further, it is involved in the provision of batching services; and rental of truck mixers. The company was incorporated in 1979 and is based in Singapore.

Details
Name: Transit-Mixed Concrete Ltd
570
Exchange: SGX
Founded: 1979
SGD9,185,985
69,590,800
Website: http://www.tmcltd.com.sg
Address: Transit-Mixed Concrete Ltd
No. 03-05, Guthrie Building,
150 Changi Road,
Singapore,
419973,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX 570 Ordinary Shares Singapore Exchange SG SGD 17. Oct 1997
Number of employees
Current staff
Staff numbers
0
Transit-Mixed Concrete employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:35
End of day share price update: 2019/04/15 00:00
Last estimates confirmation: 2017/04/26
Last earnings filing: 2018/10/10
Last earnings reported: 2018/08/31
Last annual earnings reported: 2018/02/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.