Executive Summary
Chemical Industries (Far East) Limited, an investment holding company, manufactures and sells chemicals primarily in Singapore and Myanmar. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and slightly overvalued.
Share Price & News
How has Chemical Industries (Far East)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: C05 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
C05
1.5%
SG Chemicals
-1.4%
SG Market
1 Year Return
-12.5%
C05
-5.6%
SG Chemicals
-23.6%
SG Market
Return vs Industry: C05 underperformed the SG Chemicals industry which returned -5.6% over the past year.
Return vs Market: C05 exceeded the SG Market which returned -23.6% over the past year.
Shareholder returns
| C05 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 1.5% | -1.4% |
| 30 Day | 1.6% | 16.8% | -0.1% |
| 90 Day | 4.1% | 33.4% | -2.7% |
| 1 Year | -10.4%-12.5% | -2.6%-5.6% | -19.4%-23.6% |
| 3 Year | -28.9%-33.3% | -14.4%-19.7% | -22.0%-31.4% |
| 5 Year | 63.5%14.5% | 60.3%44.2% | -7.6%-24.4% |
Price Volatility Vs. Market
How volatile is Chemical Industries (Far East)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
A Look At The Fair Value Of Chemical Industries (Far East) Limited (SGX:C05)3 weeks ago | Simply Wall St
Does Chemical Industries (Far East)'s (SGX:C05) Statutory Profit Adequately Reflect Its Underlying Profit?1 month ago | Simply Wall St
Some Shareholders Feeling Restless Over Chemical Industries (Far East) Limited's (SGX:C05) P/E RatioValuation
Is Chemical Industries (Far East) undervalued compared to its fair value and its price relative to the market?
8.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: C05 (SGD0.63) is trading below our estimate of fair value (SGD0.69)
Significantly Below Fair Value: C05 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: C05 is poor value based on its PE Ratio (14.3x) compared to the SG Chemicals industry average (9.6x).
PE vs Market: C05 is poor value based on its PE Ratio (14.3x) compared to the SG market (12.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate C05's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: C05 is good value based on its PB Ratio (0.4x) compared to the SG Chemicals industry average (0.7x).
Next Steps
Future Growth
How is Chemical Industries (Far East) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
29.6%
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 Chemical Industries (Far East) 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
- Examine Chemical Industries (Far East)'s financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Chemical Industries (Far East) competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Chemical Industries (Far East) performed over the past 5 years?
-6.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: C05 has a large one-off loss of SGD1.2M impacting its March 31 2020 financial results.
Growing Profit Margin: C05's current net profit margins (5.4%) are lower than last year (15.5%).
Past Earnings Growth Analysis
Earnings Trend: C05's earnings have declined by 6% per year over the past 5 years.
Accelerating Growth: C05's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: C05 had negative earnings growth (-68.6%) over the past year, making it difficult to compare to the Chemicals industry average (-51.4%).
Return on Equity
High ROE: C05's Return on Equity (2.8%) is considered low.
Next Steps
Financial Health
How is Chemical Industries (Far East)'s financial position?
Financial Position Analysis
Short Term Liabilities: C05's short term assets (SGD48.3M) exceed its short term liabilities (SGD11.9M).
Long Term Liabilities: C05's short term assets (SGD48.3M) exceed its long term liabilities (SGD7.9M).
Debt to Equity History and Analysis
Debt Level: C05 is debt free.
Reducing Debt: C05 has no debt compared to 5 years ago when its debt to equity ratio was 30.6%.
Debt Coverage: C05 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: C05 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Chemical Industries (Far East) current dividend yield, its reliability and sustainability?
2.38%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: C05's dividend (2.38%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (2.54%).
High Dividend: C05's dividend (2.38%) is low compared to the top 25% of dividend payers in the SG market (5.4%).
Stability and Growth of Payments
Stable Dividend: C05's dividend payments have been volatile in the past 10 years.
Growing Dividend: C05's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.9%), C05'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?
6.9yrs
Average management tenure
CEO
Soo Peng Lim (91 yo)
no data
Tenure
S$1,472,000
Compensation
Mr. Soo Peng Lim, JP, BBM(L), BBM, PBM, founded of Chemical Industries Far East Ltd. in 1962. Mr. Lim serves as Managing Director of Chemical Industries Far East Ltd. In the 1960s, he was an elected Member ...
CEO Compensation Analysis
Compensation vs Market: Soo Peng's total compensation ($USD1.08M) is above average for companies of similar size in the SG market ($USD373.49K).
Compensation vs Earnings: Soo Peng's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | no data | S$1.47m | 47.22% SGD 22.6m | |
| Executive Director | 4.08yrs | S$477.00k | 0.018% SGD 8.8k | |
| Plant Manager & Executive Director | 5.08yrs | S$284.00k | 0.014% SGD 6.6k | |
| General Manager | 1.5yrs | no data | no data | |
| Group Financial Controller | no data | no data | no data | |
| Sales & Marketing Manager | 11.58yrs | no data | no data | |
| Head of Commercial | 6.92yrs | no data | no data | |
| Head of Commercial | no data | no data | no data | |
| Company Secretary | 6.5yrs | no data | no data |
6.9yrs
Average Tenure
67yo
Average Age
Experienced Management: C05's management team is seasoned and experienced (6.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | no data | S$1.47m | 47.22% SGD 22.6m | |
| Executive Director | 4.08yrs | S$477.00k | 0.018% SGD 8.8k | |
| Plant Manager & Executive Director | 5.08yrs | S$284.00k | 0.014% SGD 6.6k | |
| Non-Executive Independent Director | 20.25yrs | S$55.00k | no data | |
| Non-Executive Independent Director | 0.25yr | no data | no data | |
| Non-Executive Independent Chairman of the Board | 0.17yr | S$41.00k | 0.013% SGD 6.3k | |
| Non-Executive and Non-Independent Director | 0.83yr | S$13.00k | no data | |
| Non-Executive Independent Director | 0.25yr | no data | no data |
2.5yrs
Average Tenure
67yo
Average Age
Experienced Board: C05's board of directors are not considered experienced ( 2.5 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
Chemical Industries (Far East) Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Chemical Industries (Far East) Limited
- Ticker: C05
- Exchange: SGX
- Founded: 1962
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: S$47.846m
- Shares outstanding: 75.95m
- Website: https://www.cil.sg
Location
- Chemical Industries (Far East) Limited
- 3, Jalan Samulun
- Singapore
- 629127
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| C05 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Jan 1992 |
Biography
Chemical Industries (Far East) Limited, an investment holding company, manufactures and sells chemicals primarily in Singapore and Myanmar. It operates through two segments, Industrial Chemicals and Proper ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/29 12:34 |
| End of Day Share Price | 2020/10/22 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2020/03/31 |
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.