SGX:N02

Stock Analysis Report

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Executive Summary

NSL Ltd, an investment holding company, manufactures and sells building materials, refractory materials, and road stones in Singapore, Malaysia, the United Arab Emirates, Finland, Germany, and internationally. More Details


Snowflake Analysis

Adequate balance sheet unattractive dividend payer.

Share Price & News

How has NSL's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: N02 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.2%

N02

-3.4%

SG Basic Materials

0.9%

SG Market


1 Year Return

-32.5%

N02

-7.4%

SG Basic Materials

-21.5%

SG Market

Return vs Industry: N02 underperformed the SG Basic Materials industry which returned -4.7% over the past year.

Return vs Market: N02 underperformed the SG Market which returned -21.5% over the past year.


Shareholder returns

N02IndustryMarket
7 Day-2.2%-3.4%0.9%
30 Day-4.3%-2.2%-2.3%
90 Day-7.0%16.3%-4.4%
1 Year-27.6%-32.5%-2.7%-7.4%-17.2%-21.5%
3 Year-44.4%-52.2%-37.1%-44.6%-17.1%-27.1%
5 Year-33.2%-52.3%-37.2%-50.1%-0.4%-18.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is NSL undervalued compared to its fair value and its price relative to the market?

0.51x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: N02 (SGD0.67) is trading above our estimate of fair value (SGD0.41)

Significantly Below Fair Value: N02 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: N02 is unprofitable, so we can't compare its PE Ratio to the XA Basic Materials industry average.

PE vs Market: N02 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 N02's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: N02's PB Ratio (0.5x) is in line with the SG Basic Materials industry average.


Next Steps

Future Growth

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

12.2%

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 NSL 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 NSL performed over the past 5 years?

-75.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: N02 is currently unprofitable.

Growing Profit Margin: N02 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: N02 is unprofitable, and losses have increased over the past 5 years at a rate of 75% per year.

Accelerating Growth: Unable to compare N02's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: N02 is unprofitable, making it difficult to compare its past year earnings growth to the Basic Materials industry (3.6%).


Return on Equity

High ROE: N02 has a negative Return on Equity (-8.18%), as it is currently unprofitable.


Next Steps

Financial Health

How is NSL's financial position?


Financial Position Analysis

Short Term Liabilities: N02's short term assets (SGD414.1M) exceed its short term liabilities (SGD121.6M).

Long Term Liabilities: N02's short term assets (SGD414.1M) exceed its long term liabilities (SGD47.5M).


Debt to Equity History and Analysis

Debt Level: N02's debt to equity ratio (7%) is considered satisfactory.

Reducing Debt: N02's debt to equity ratio has increased from 5% to 7% over the past 5 years.

Debt Coverage: N02's debt is well covered by operating cash flow (37.7%).

Interest Coverage: Insufficient data to determine if N02's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is NSL current dividend yield, its reliability and sustainability?

7.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: N02's dividend (7.52%) is higher than the bottom 25% of dividend payers in the SG market (2.56%).

High Dividend: N02's dividend (7.52%) is in the top 25% of dividend payers in the SG market (5.56%)


Stability and Growth of Payments

Stable Dividend: N02's dividend payments have been volatile in the past 10 years.

Growing Dividend: N02's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: N02 is paying a dividend but the company is unprofitable.


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?

17.7yrs

Average board tenure


CEO

Richard Siong

no data

Tenure

Mr. Sia Kim Siong, Richard serves as Chief Executive Officer of NSL Engineering Pte Ltd of NSL Ltd. Prior to heading the Chemicals and Engineering businesses, Mr. Siong served as Chief Executive Officer of ...


Board Members

NamePositionTenureCompensationOwnership
Chin Low
Executive Director and Member of Corporate Research & Development Advisory Panel4.08yrsS$496.00kno data
Tao Soon Cham
Independent Chairman and Chairman of Corporate Research & Development A16.42yrsS$152.00k0.011%
SGD 26.6k
Tat Tan
Independent Non-Executive Director27.58yrsS$90.00kno data
Song Ban
Non-Executive Director17.67yrsS$102.00kno data
Siew Lam
Member of Corporate Research & Development Advisory Panelno datano datano data
Tiong Lu Koh
Independent Non-Executive Director17.67yrsS$120.00kno data
Kuo Chen Fu
Non-Executive Director and Member of Corporate Research & Development Advisory Panel17.67yrsS$96.00kno data
Swee Lim
Member of Corporate Research & Development Advisory Panelno datano datano data
Wun Ng
Member of Corporate Research & Development Advisory Panelno datano datano data
Lee Tiong
Member of Corporate Research & Development Advisory Panel4.92yrsno datano data

17.7yrs

Average Tenure

64yo

Average Age

Experienced Board: N02's board of directors are seasoned and experienced ( 17.7 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

NSL Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NSL Ltd
  • Ticker: N02
  • Exchange: SGX
  • Founded: 1961
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: S$248.416m
  • Shares outstanding: 373.56m
  • Website: https://www.nsl.com.sg

Number of Employees


Location

  • NSL Ltd
  • No.03-02, 317 Outram Road
  • Singapore
  • 169075
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
N02SGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 1992

Biography

NSL Ltd, an investment holding company, manufactures and sells building materials, refractory materials, and road stones in Singapore, Malaysia, the United Arab Emirates, Finland, Germany, and internationa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/17 20:05
End of Day Share Price2020/09/17 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.