SGX:570

Stock Analysis Report

Transit-Mixed Concrete

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet and overvalued.

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


Market Performance


7 Day Return

-1.3%

570

0.01%

SG Basic Materials

1.1%

SG Market


1 Year Return

-69.6%

570

-14.4%

SG Basic Materials

2.6%

SG Market

Return vs Industry: 570 underperformed the SG Basic Materials industry which returned -14.4% over the past year.

Return vs Market: 570 underperformed the SG Market which returned 2.6% over the past year.


Shareholder returns

570IndustryMarket
7 Day-1.3%0.01%1.1%
30 Day-24.8%-1.1%-0.3%
90 Day-24.8%-11.1%-5.9%
1 Year-69.6%-69.6%-11.6%-14.4%6.7%2.6%
3 Year-87.9%-88.6%-16.7%-30.2%15.5%3.2%
5 Year-80.8%-84.2%23.6%7.2%12.0%-6.6%

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?

0.45x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 570's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 570's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 570 is unprofitable, so we can't compare its PE Ratio to the 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 is good value based on its PB Ratio (0.4x) compared to the SG Basic Materials industry average (0.6x).


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?

11.3%

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 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?

-61.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 570 is unprofitable, and losses have increased over the past 5 years at a rate of -61.4% 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 (7%).


Return on Equity

High ROE: 570 has a negative Return on Equity (-27.48%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 570 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 570 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Transit-Mixed Concrete's financial position?


Financial Position Analysis

Short Term Liabilities: 570's short term assets (SGD8.1M) exceeds its short term liabilities (SGD2.2M)

Long Term Liabilities: 570's short term assets (8.1M) exceeds its long term liabilities (418.0K)


Debt to Equity History and Analysis

Debt Level: 570 is debt free.

Reducing Debt: 570 has no debt compared to 5 years ago when its debt to equity ratio was 6.4%.

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

Inventory Level: 570 has a high level of physical assets or inventory.

Debt Coverage by Assets: 570's debt is not covered by short term assets (assets are -305.7x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.5%markettop25%5.7%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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

11.1yrs

Average board tenure


CEO

David Liu (62yo)

1.3yrs

Tenure

0

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 concret ...


Board Age and Tenure

11.1yrs

Average Tenure

69yo

Average Age

Experienced Board: 570's board of directors are seasoned and experienced ( 11.1 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.


Ownership Breakdown


Management Team

  • Kim Keow Lee (59yo)

    Operations Manager

    • Tenure: 0yrs
  • Lee Lee Chen (56yo)

    Finance Manager & Company Secretary

    • Tenure: 0yrs
  • David Liu (62yo)

    Group GM & Acting CEO

    • Tenure: 1.3yrs
  • Boh Yap (81yo)

    Founder & Non-Independent Non-executive Director

    • Tenure: 40.2yrs
    • Compensation: S$26.00k
  • Dick Lee

    Marketing Manager

    • Tenure: 0yrs

Board Members

  • Kok Hiang Tan (69yo)

    Independent Chairman

    • Tenure: 0yrs
    • Compensation: S$33.00k
  • Ho Tong Khoo (78yo)

    Independent Non-Executive Director

    • Tenure: 0.8yrs
  • Boh Yap (81yo)

    Founder & Non-Independent Non-executive Director

    • Tenure: 40.2yrs
    • Compensation: S$26.00k
  • Wing Low (53yo)

    Non-Executive Director

    • Tenure: 12.2yrs
    • Compensation: S$21.00k
  • Eng Yap (53yo)

    Alternate Director

    • Tenure: 10.1yrs

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$5.428m
  • 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 Analysis2019/10/23 12:35
End of Day Share Price2019/10/21 00:00
Earnings2019/08/31
Annual Earnings2019/02/28


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.