SGX:570

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Transit-Mixed Concrete

Executive Summary

Transit-Mixed Concrete Ltd, an investment holding company, manufactures, supplies, and sells ready-mixed concrete in Singapore and Malaysia. More Details


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Transit-Mixed Concrete's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 570 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.9%

570

10.0%

SG Basic Materials

-1.3%

SG Market


1 Year Return

-10.3%

570

15.6%

SG Basic Materials

-21.4%

SG Market

Return vs Industry: 570 underperformed the SG Basic Materials industry which returned 8.8% over the past year.

Return vs Market: 570 exceeded the SG Market which returned -21.4% over the past year.


Shareholder returns

570IndustryMarket
7 Day2.9%10.0%-1.3%
30 Day-12.5%29.5%0.9%
90 Day-12.5%47.3%-3.4%
1 Year-10.3%-10.3%21.4%15.6%-17.1%-21.4%
3 Year-87.0%-87.3%-10.1%-18.7%-19.9%-29.6%
5 Year-86.5%-88.0%-39.2%-51.7%-6.4%-23.4%

Price Volatility Vs. Market

How volatile is Transit-Mixed Concrete's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Transit-Mixed Concrete undervalued compared to its fair value and its price relative to the market?

0.46x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 570 (SGD0.07) is trading above our estimate of fair value (SGD0.04)

Significantly Below Fair Value: 570 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 570 is unprofitable, so we can't compare its PE Ratio to the XA Basic Materials industry average.

PE vs Market: 570 is unprofitable, so we can't compare its PE Ratio to the SG market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 570's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 570's PB Ratio (0.5x) is in line with the SG Basic Materials industry average.


Next Steps

Future Growth

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

11.8%

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

-58.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 570 is currently unprofitable.

Growing Profit Margin: 570 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 570 is unprofitable, and losses have increased over the past 5 years at a rate of 58.7% per year.

Accelerating Growth: Unable to compare 570's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 570 is unprofitable, making it difficult to compare its past year earnings growth to the Basic Materials industry (2.2%).


Return on Equity

High ROE: 570 has a negative Return on Equity (-17.69%), as it is currently unprofitable.


Next Steps

Financial Health

How is Transit-Mixed Concrete's financial position?


Financial Position Analysis

Short Term Liabilities: 570's short term assets (SGD7.8M) exceed its short term liabilities (SGD1.1M).

Long Term Liabilities: 570's short term assets (SGD7.8M) exceed its long term liabilities (SGD94.0K).


Debt to Equity History and Analysis

Debt Level: 570 is debt free.

Reducing Debt: 570 had no debt 5 years ago.

Debt Coverage: 570 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 570 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 570's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 570's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 570's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 570's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 570 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 570's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

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

1.8yrs

Average board tenure


CEO

David Liu (63 yo)

2.33yrs

Tenure

S$156,000

Compensation

Mr. Kien Fang Liu, also known as David, has been Group General Manager and Acting Chief Executive Officer at Transit-Mixed Concrete Ltd since June 1, 2018. He is responsible for the Transit-Mixed Concrete’ ...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD115.00K) is below average for companies of similar size in the SG market ($USD376.91K).

Compensation vs Earnings: Insufficient data to compare David's compensation with company performance.


Board Members

NamePositionTenureCompensationOwnership
Kok Hiang Tan
Independent Non-Executive Director23.08yrsS$33.00kno data
Ho Tong Khoo
Independent Non-Executive Director1.75yrsS$29.00kno data
Wing Hong Low
Non-Independent Non-Executive Chairman0.17yrS$21.00kno data

1.8yrs

Average Tenure

70yo

Average Age

Experienced Board: 570's board of directors are not considered experienced ( 1.8 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Transit-Mixed Concrete Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Transit-Mixed Concrete Ltd
  • Ticker: 570
  • Exchange: SGX
  • Founded: 1979
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: S$4.732m
  • Shares outstanding: 69.59m
  • Website: https://www.tmcltd.com.sg

Location

  • Transit-Mixed Concrete Ltd
  • No. 03-05, Guthrie Building
  • 150 Changi Road
  • Singapore
  • 419973
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
570SGX (Singapore Exchange)YesOrdinary SharesSGSGDOct 1997

Biography

Transit-Mixed Concrete Ltd, an investment holding company, manufactures, supplies, and sells ready-mixed concrete in Singapore and Malaysia. The company operates through three segments: Ready-Mixed Concret ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 12:52
End of Day Share Price2020/10/21 00:00
Earnings2020/08/31
Annual Earnings2020/02/29


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.