Tat Seng Packaging Group Past Earnings Performance

Past criteria checks 4/6

Tat Seng Packaging Group has been growing earnings at an average annual rate of 3.4%, while the Packaging industry saw earnings growing at 9.5% annually. Revenues have been declining at an average rate of 1.2% per year. Tat Seng Packaging Group's return on equity is 10.4%, and it has net margins of 7.9%.

Key information

3.4%

Earnings growth rate

3.4%

EPS growth rate

Packaging Industry Growth	9.4%
Revenue growth rate	-1.2%
Return on equity	10.4%
Net Margin	7.9%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Did You Participate In Any Of Tat Seng Packaging Group's (SGX:T12) Fantastic 140% Return ?

Jan 26

What Do The Returns On Capital At Tat Seng Packaging Group (SGX:T12) Tell Us?

Dec 03

Revenue & Expenses Breakdown

How Tat Seng Packaging Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SGX:T12 Revenue, expenses and earnings (SGD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	260	21	35
31 Mar 24	259	20	34
31 Dec 23	259	19	33
30 Sep 23	273	19	33
30 Jun 23	287	18	33
31 Mar 23	312	19	35
31 Dec 22	336	21	37
30 Sep 22	352	22	37
30 Jun 22	367	23	38
31 Mar 22	367	23	38
31 Dec 21	368	23	39
30 Sep 21	359	25	38
30 Jun 21	350	26	37
31 Mar 21	327	24	36
31 Dec 20	303	23	34
30 Sep 20	292	21	34
30 Jun 20	276	17	33
31 Mar 20	285	16	33
31 Dec 19	289	14	33
30 Sep 19	295	15	33
30 Jun 19	312	15	33
31 Mar 19	326	17	34
31 Dec 18	333	19	35
30 Sep 18	337	21	35
30 Jun 18	335	23	35
31 Mar 18	313	22	34
31 Dec 17	303	20	33
30 Sep 17	279	18	32
30 Jun 17	255	16	31
31 Mar 17	242	15	31
31 Dec 16	229	15	30
30 Sep 16	225	13	30
30 Jun 16	221	12	30
31 Mar 16	226	12	30
31 Dec 15	231	12	31
30 Sep 15	230	12	30
30 Jun 15	228	11	30
31 Mar 15	226	10	30
31 Dec 14	225	9	29
30 Sep 14	226	11	29
30 Jun 14	227	13	29
31 Mar 14	221	12	28
31 Dec 13	216	12	27

Quality Earnings: T12 has high quality earnings.

Growing Profit Margin: T12's current net profit margins (7.9%) are higher than last year (6.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: T12's earnings have grown by 3.4% per year over the past 5 years.

Accelerating Growth: T12's earnings growth over the past year (13%) exceeds its 5-year average (3.4% per year).

Earnings vs Industry: T12 earnings growth over the past year (13%) did not outperform the Packaging industry 14.9%.

Tat Seng Packaging Group Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Full year 2023 earnings released: EPS: S$0.12 (vs S$0.13 in FY 2022)

Full year 2023 earnings released: EPS: S$0.12 (vs S$0.13 in FY 2022)

First half 2023 earnings released: EPS: S$0.054 (vs S$0.069 in 1H 2022)

Full year 2022 earnings released: EPS: S$0.13 (vs S$0.15 in FY 2021)

Full year 2022 earnings released: EPS: S$0.13 (vs S$0.15 in FY 2021)

First half 2022 earnings released

Recent updates

Tat Seng Packaging Group Ltd Announces Change of Company Secretaries

Tat Seng Packaging Group Ltd Announces Changes to the Board and Board Committees

Upcoming dividend of S$0.03 per share

First half dividend of S$0.03 announced

Tat Seng Packaging Group Ltd Declares Interim Ordinary Dividend for the Financial Year Ending 31 December 2024, Payable on 20 September 2024

Insufficient new directors

Tat Seng Packaging Group's (SGX:T12) Dividend Will Be Reduced To SGD0.02

Tat Seng Packaging Group Ltd Announces Appointment of Cheong Poh Hua as Group Chief Financial Officer, Effective April 26, 2024

Tat Seng Packaging Group's (SGX:T12) Dividend Is Being Reduced To SGD0.02

Full year 2023 earnings released: EPS: S$0.12 (vs S$0.13 in FY 2022)

Tat Seng Packaging Group Ltd, Annual General Meeting, Apr 25, 2024

Final dividend reduced to S$0.02

Full year 2023 earnings released: EPS: S$0.12 (vs S$0.13 in FY 2022)

Tat Seng Packaging Group Ltd Declares Final Ordinary Dividend (One Tier Tax-Exempt) for the Financial Year Ended 31 December 2023, Payable on 24 May 2024

New minor risk - Financial data availability

Upcoming dividend of S$0.025 per share at 7.2% yield

Now 20% undervalued

First half 2023 earnings released: EPS: S$0.054 (vs S$0.069 in 1H 2022)

Tat Seng Packaging Group Ltd Declares Interim Ordinary Dividend Tax-Exempt (One-Tier) for the Financial Year Ending 31 December 2023, Payable on 29 September 2023

Now 20% undervalued

Tat Seng Packaging Group Ltd Announces Final Ordinary Dividend for the Financial Year Ended 31 December 2022, Payable on May 26, 2023

Upcoming dividend of S$0.025 per share at 5.6% yield

Full year 2022 earnings released: EPS: S$0.13 (vs S$0.15 in FY 2021)

Full year 2022 earnings released: EPS: S$0.13 (vs S$0.15 in FY 2021)

Upcoming dividend of S$0.015 per share

Tat Seng Packaging Group Ltd Declares Interim Dividend for the Financial Year Ending 31 December 2022, Payable on 27 September 2022

First half 2022 earnings released

Upcoming dividend of S$0.025 per share

Full year 2021 earnings released: EPS: S$0.15 (vs S$0.15 in FY 2020)

Tat Seng Packaging Group Ltd, Annual General Meeting, Apr 27, 2022

Tat Seng Packaging Group Ltd Recommends Final Ordinary (One Tier Tax-Exempt) Dividend for the Financial Year Ended 31 December 2021, Payable on May 27, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Tat Seng Packaging Group Ltd Announces Re-Designation of Dr. Goi Seng Hui from Non-Executive Chairman to Executive Chairman

Tat Seng Packaging Group Ltd (SGX:T12) completed the acquisition of 28 Senoko Drive from RBC Investor Services Trust Singapore Limited.

Upcoming dividend of S$0.015 per share

High number of new directors

Non-Executive & Independent Director Wai Kam Siu has left the company

Non-Executive & Independent Director Yang Jun Goh has left the company

Tat Seng Packaging Group (SGX:T12) Seems To Use Debt Rather Sparingly

Tat Seng Packaging Group Ltd Approves Final Ordinary Dividend for the Year Ended 31 December 2020, Payable on 28 May 2021

Joint Company Secretary has left the company

Executive Director has left the company

Upcoming dividend of S$0.02 per share

Full year 2020 earnings released: EPS S$0.15 (vs S$0.091 in FY 2019)

Tat Seng Packaging Group Ltd Recommends Special Dividend for the Year Ended December 31, 2020, Payable on May 28, 2021

Returns On Capital At Tat Seng Packaging Group (SGX:T12) Have Stalled

Tat Seng Packaging Group (SGX:T12) Seems To Use Debt Rather Sparingly

Tat Seng Packaging Group Ltd Re-Designates Lien Kait Long from Non-Executive Lead Independent Director to Independent Non-Executive Chairman

Full year 2020 earnings released

Tat Seng Packaging Group Ltd Announces Changes to the Composition of the Board and Board Committees

Non-Executive & Independent Director has left the company

Did You Participate In Any Of Tat Seng Packaging Group's (SGX:T12) Fantastic 140% Return ?

New 90-day high: S$0.64

New 90-day high: S$0.61

What Do The Returns On Capital At Tat Seng Packaging Group (SGX:T12) Tell Us?

Tat Seng Packaging Group Ltd Announces the Cessation of Allan Yap as Executive Chairman and Director

Upcoming Dividend of S$0.01 Per Share

New 90-day high - S$0.57

Earnings released

New 90-day high - S$0.48

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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