SGX:KUO

Stock Analysis Report

International Cement Group

Executive Summary

International Cement Group Ltd. and its subsidiaries primarily engage in the production, sale, and distribution of cement.

Snowflake

Fundamentals

Excellent balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

4.8%

KUO

2.1%

SG Basic Materials

1.1%

SG Market


1 Year Return

-31.3%

KUO

-19.0%

SG Basic Materials

0.9%

SG Market

Return vs Industry: KUO underperformed the SG Basic Materials industry which returned -19% over the past year.

Return vs Market: KUO underperformed the SG Market which returned 0.9% over the past year.


Shareholder returns

KUOIndustryMarket
7 Day4.8%2.1%1.1%
30 Day-4.3%-3.8%-1.9%
90 Day-31.3%-9.1%-6.5%
1 Year-31.3%-31.3%-16.4%-19.0%4.9%0.9%
3 Yearn/a-16.6%-30.0%15.2%2.9%
5 Yearn/a25.7%8.6%11.2%-7.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is International Cement Group undervalued compared to its fair value and its price relative to the market?

7.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate KUO's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate KUO's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: KUO is good value based on its PE Ratio (7.8x) compared to the Basic Materials industry average (14.5x).

PE vs Market: KUO is good value based on its PE Ratio (7.8x) compared to the SG market (13.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KUO is overvalued based on its PB Ratio (0.6x) compared to the SG Basic Materials industry average (0.6x).


Next Steps

Future Growth

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

11.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KUO's forecast earnings growth (11.3% per year) is above the savings rate (2.3%).

Earnings vs Market: KUO's earnings (11.3% per year) are forecast to grow faster than the SG market (5.7% per year).

High Growth Earnings: KUO's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if KUO's revenue is forecast to grow faster than the SG market.

High Growth Revenue: Insufficient data to determine if KUO's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if KUO's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has International Cement Group performed over the past 5 years?

287.1%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if KUO's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare KUO's past year earnings growth to its 5-year average.

Earnings vs Industry: KUO earnings growth over the past year (287.1%) exceeded the Basic Materials industry 7.6%.


Return on Equity

High ROE: KUO's Return on Equity (10.2%) is considered low.


Return on Assets

ROA vs Industry: KUO's Return on Assets is below or equal to the Basic Materials industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate KUO's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is International Cement Group's financial position?


Financial Position Analysis

Short Term Liabilities: KUO's short term assets (SGD87.5M) exceeds its short term liabilities (SGD44.3M)

Long Term Liabilities: KUO's short term assets (87.5M) exceeds its long term liabilities (18.8M)


Debt to Equity History and Analysis

Debt Level: KUO's debt to equity ratio (3.9%) is considered satisfactory

Reducing Debt: Insufficient data to determine if KUO's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: KUO's debt is well covered by operating cash flow (40.5%).

Interest Coverage: KUO's interest payments on its debt are well covered by EBIT (267.5x coverage).


Balance Sheet

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

Debt Coverage by Assets: KUO's debt is covered by short term assets (assets are 8.884200x debt).


Next Steps

Dividend

What is International Cement Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.5%markettop25%5.6%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate KUO'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 KUO's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KUO'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 International Cement Group's salary, the management and board of directors tenure and is there insider trading?

4.9yrs

Average board tenure


CEO

Jianshun Cao 0

0yrs

Tenure

0

Mr. Jianshun Cao serves as Deputy Chief Executive Officer at International Cement Group Ltd. He serves as Chief Executive Officer of International Manufacturing Company Chzhungtsai Mohir Cement LLC at Inte ...


Board Age and Tenure

4.9yrs

Average Tenure

48yo

Average Age

Experienced Board: KUO's board of directors are considered experienced (4.9 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

  • Beng Hua Chng (53yo)

    Executive Director

    • Tenure: 12.7yrs
  • Zhaoyang Ma (50yo)

    Executive Chairman

    • Tenure: 4.9yrs
  • Siew Koon Ang

    Secretary

    • Tenure: 0yrs
  • Beng Chng (52yo)

    Chief Administrative Officer

    • Tenure: 0yrs
  • Yuanyuan Zhao

    General Counsel

    • Tenure: 0yrs
  • Jianshun Cao

    Deputy Chief Executive Officer

    • Tenure: 0yrs
  • Jesica Lee

    CFO & Joint Company Secretary

    • Tenure: 1.2yrs
  • Shuqing Lei

    Chief Technical Officer

    • Tenure: 0yrs

Board Members

  • Beng Hua Chng (53yo)

    Executive Director

    • Tenure: 12.7yrs
  • Ah Chye Kan (74yo)

    Lead Independent Director

    • Tenure: 0yrs
  • Zhaoyang Ma (50yo)

    Executive Chairman

    • Tenure: 4.9yrs
  • Lisa Sam (46yo)

    Independent Director

    • Tenure: 8yrs
  • Ee Wuen Sin (41yo)

    Independent Director

    • Tenure: 4.4yrs
  • Zengtao Zhang (36yo)

    Non-Independent Non-Executive Director

    • Tenure: 4.9yrs

Company Information

International Cement Group Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: International Cement Group Ltd.
  • Ticker: KUO
  • Exchange: SGX
  • Founded:
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: S$120.429m
  • Shares outstanding: 5.73b
  • Website: https://www.internationalcementgroup.com

Location

  • International Cement Group Ltd.
  • 290 Orchard Road
  • No. 14-07 Paragon
  • Singapore
  • 238859
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KUOSGX (Singapore Exchange)YesNew Ordinary SharesSGSGDOct 2017

Biography

International Cement Group Ltd. and its subsidiaries primarily engage in the production, sale, and distribution of cement. It is also involved in the manufacture and marketing of aluminium extrusions used  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 12:58
End of Day Share Price2019/10/17 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.