SGX:5AU

Stock Analysis Report

AP Oil International

Executive Summary

AP Oil International Limited, an investment holding company, manufactures and sells a range of lubricating oils and fluids, and specialty chemicals for industrial, automotive, and marine applications.


Snowflake Analysis

Excellent balance sheet with acceptable track record.

Share Price & News

How has AP Oil International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 5AU has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.2%

5AU

-1.3%

SG Chemicals

-2.8%

SG Market


1 Year Return

-19.5%

5AU

-24.5%

SG Chemicals

-5.2%

SG Market

Return vs Industry: 5AU exceeded the SG Chemicals industry which returned -23.9% over the past year.

Return vs Market: 5AU underperformed the SG Market which returned -4.4% over the past year.


Shareholder returns

5AUIndustryMarket
7 Day-1.2%-1.3%-2.8%
30 Day-4.1%-10.0%-4.1%
90 Day-4.6%-10.0%-3.0%
1 Year-17.5%-19.5%-21.8%-24.5%-1.4%-5.2%
3 Year-33.0%-37.7%50.9%39.2%6.2%-5.1%
5 Year-11.5%-19.5%50.4%30.5%6.9%-11.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is AP Oil International undervalued compared to its fair value and its price relative to the market?

12.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 5AU (SGD0.17) is trading above our estimate of fair value (SGD0.08)

Significantly Below Fair Value: 5AU is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 5AU is poor value based on its PE Ratio (12.4x) compared to the Chemicals industry average (12.1x).

PE vs Market: 5AU is good value based on its PE Ratio (12.4x) compared to the SG market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 5AU's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 5AU is good value based on its PB Ratio (0.5x) compared to the SG Chemicals industry average (0.5x).


Next Steps

Future Growth

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

20.8%

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 AP Oil International 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 AP Oil International performed over the past 5 years?

-21.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 5AU has a high level of non-cash earnings.

Growing Profit Margin: 5AU's current net profit margins (3.4%) are higher than last year (1.9%).


Past Earnings Growth Analysis

Earnings Trend: 5AU's earnings have declined by -21.4% per year over the past 5 years.

Accelerating Growth: 5AU's earnings growth over the past year (24.3%) exceeds its 5-year average (-21.4% per year).

Earnings vs Industry: 5AU earnings growth over the past year (24.3%) exceeded the Chemicals industry 12.8%.


Return on Equity

High ROE: 5AU's Return on Equity (4.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is AP Oil International's financial position?


Financial Position Analysis

Short Term Liabilities: 5AU's short term assets (SGD48.0M) exceed its short term liabilities (SGD8.4M).

Long Term Liabilities: 5AU's short term assets (SGD48.0M) exceed its long term liabilities (SGD8.2M).


Debt to Equity History and Analysis

Debt Level: 5AU's debt to equity ratio (8.1%) is considered satisfactory.

Reducing Debt: 5AU's debt to equity ratio has increased from 5.3% to 8.1% over the past 5 years.

Debt Coverage: 5AU's debt is well covered by operating cash flow (63.9%).

Interest Coverage: 5AU earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 5AU has a high level of physical assets or inventory.

Debt Coverage by Assets: 5AU's debt is covered by short term assets (assets are 10.8x debt).


Next Steps

Dividend

What is AP Oil International's current dividend yield, its reliability and sustainability?

3.03%

Current Dividend Yield


Dividend Yield vs Market

company3.0%marketbottom25%2.6%markettop25%5.7%industryaverage4.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 5AU's dividend (3.03%) is higher than the bottom 25% of dividend payers in the SG market (2.57%).

High Dividend: 5AU's dividend (3.03%) is low compared to the top 25% of dividend payers in the SG market (5.66%).


Stability and Growth of Payments

Stable Dividend: 5AU's dividend payments have been volatile in the past 10 years.

Growing Dividend: 5AU's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.6%), 5AU'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?

4.8yrs

Average management tenure


CEO

Chee Hon Ho (42yo)

4.8yrs

Tenure

0

Mr. Chee Hon Ho, LLB (Hons), LLM, has been the Group Chief Executive Officer of AP Oil International Limited since May 1, 2015 and served as its Group Deputy Chief Executive Officer since September 2012 un ...


Leadership Team

NamePositionTenureCompensationOwnership
Leng Woon Ho
Chairman & MD37.1yrsno data37.32% SGD10.4m
Chee Hon Ho
Group CEO & Executive Director4.8yrsno data6.97% SGD1.9m
Woon Chan Lau
Founder36.9yrsno data10.66% SGD3.0m
Tai Chong Lau
CFO & Joint Secretary3.6yrsno datano data
Kwok Wah Chang
Joint Secretary & Executive Director16yrsno data0.025% SGD7.0k
Alphonsus Chua
CEO & MD of GB Chemicals Pte Ltd0yrsno datano data
Lay Pheng Lim
Executive Officer0yrsno datano data
Siew Khim Ng
Executive Officer0yrsno datano data

4.8yrs

Average Tenure

Experienced Management: 5AU's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Leng Woon Ho
Chairman & MD37.1yrsno data37.32% SGD10.4m
Chee Hon Ho
Group CEO & Executive Director4.8yrsno data6.97% SGD1.9m
Woon Chan Lau
Founder36.9yrsno data10.66% SGD3.0m
Kwok Wah Chang
Joint Secretary & Executive Director16yrsno data0.025% SGD7.0k
Woon Hum Tan
Independent Director14.1yrsno datano data
Ban Huat Quah
Lead Independent Director0yrsno datano data

16.0yrs

Average Tenure

49yo

Average Age

Experienced Board: 5AU's board of directors are seasoned and experienced ( 16 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.


Ownership Breakdown

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


Top Shareholders

Company Information

AP Oil International Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AP Oil International Limited
  • Ticker: 5AU
  • Exchange: SGX
  • Founded: 1975
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: S$27.970m
  • Shares outstanding: 164.53m
  • Website: https://www.apoil.com.sg

Number of Employees


Location

  • AP Oil International Limited
  • 30 Gul Crescent
  • Jurong
  • Singapore
  • 629535
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
5AUSGX (Singapore Exchange)YesOrdinary SharesSGSGDJun 2001

Biography

AP Oil International Limited, an investment holding company, manufactures and sells a range of lubricating oils and fluids, and specialty chemicals for industrial, automotive, and marine applications. It operates in three segments: Manufacturing, Trading, and Franchising. The company offers automotive lubricants, including gasoline and gas engine oils, diesel engine oils, motorcycle engine oils, and specialty lubricants and fluids; and industrial lubricants, such as chain, compressor, gear, gas engine, heat transfer, paper machine, slideway, textile, transformer, turbine, and white oils, as well as hydraulic fluids and pneumatic tool lubricants. It also provides metal working oils and fluids, such as neat cutting oils, rust preventive fluids, stamping and forming fluids, and water soluble cutting oils, as well as various greases, SINO industrial lubricants, marine lubricants, greases, and industrial special oils and fluids. In addition, the company purchases and sells raw materials used for lubricants and specialty chemicals manufacturing comprising base oils, chemicals, and finished products, as well as lubricating oils, base oils, additives, and petrochemical related products; blends various types of lubricants, additives, and chemicals, as well as logistics services for lubricants, chemicals, additives, and petroleum related products. Further, it is involved franchising its products. The company operates in Singapore, Vietnam, the United Arab Emirates, the People’s Republic of China, the Philippines, Malaysia, Indonesia, Bangladesh, Myanmar, Sri Lanka, the Netherlands, and internationally. The company was formerly known as Huan Chew Oil Trading Pte Ltd. AP Oil International Limited was founded in 1975 and is headquartered in Singapore. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 12:36
End of Day Share Price2020/02/26 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.