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Place Holdings

SGX:E27
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
E27
SGX
SGD165M
Market Cap
  1. Home
  2. SG
  3. Media
Company description

The Place Holdings Limited, an investment holding company, invests in, develops, and manages media, integrated tourism, and tourism-related “new retail” businesses in the People’s Republic of China. The last earnings update was 55 days ago. More info.


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  • Place Holdings has significant price volatility in the past 3 months.
E27 Share Price and Events
7 Day Returns
3.7%
SGX:E27
0.6%
Asia Media
0.8%
SG Market
1 Year Returns
0%
SGX:E27
-41.7%
Asia Media
-3%
SG Market
E27 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Place Holdings (E27) 3.7% -9.7% 75% 0% 115.4% 64.7%
Asia Media 0.6% -5.7% -18.7% -41.7% -34.9% -38.8%
SG Market 0.8% 0.9% 0.1% -3% 10.1% -6.3%
1 Year Return vs Industry and Market
  • E27 outperformed the Media industry which returned -41.7% over the past year.
  • E27 outperformed the Market in Singapore which returned -3% over the past year.
Price Volatility
E27
Industry
5yr Volatility vs Market

Value

 Is Place Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Place Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Place Holdings.

SGX:E27 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:E27
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.78 (1 + (1- 17%) (0.16%))
0.853
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (0.853 * 5.96%)
7.39%

Discounted Cash Flow Calculation for SGX:E27 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Place Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:E27 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 7.39%)
2019 4.73 Est @ 101.62% 4.41
2020 8.13 Est @ 71.82% 7.05
2021 12.28 Est @ 50.97% 9.92
2022 16.75 Est @ 36.37% 12.59
2023 21.13 Est @ 26.15% 14.79
2024 25.14 Est @ 18.99% 16.39
2025 28.65 Est @ 13.99% 17.40
2026 31.66 Est @ 10.48% 17.90
2027 34.20 Est @ 8.03% 18.00
2028 36.36 Est @ 6.31% 17.82
Present value of next 10 years cash flows SGD136.27
SGX:E27 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD36.36 × (1 + 2.3%) ÷ (7.39% – 2.3%)
SGD731.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD731.34 ÷ (1 + 7.39%)10
SGD358.54
SGX:E27 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD136.27 + SGD358.54
SGD494.81
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD494.81 / 5,880.65
SGD0.08
SGX:E27 Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD0.08
Current discount Discount to share price of SGD0.03
= -1 x (SGD0.03 - SGD0.08) / SGD0.08
66.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Place Holdings is available for.
Intrinsic value
>50%
Share price is SGD0.028 vs Future cash flow value of SGD0.08414
Current Discount Checks
For Place Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Place Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Place Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Place Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Place Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:E27 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SGD SGD0.00
SGX:E27 Share Price ** SGX (2019-06-12) in SGD SGD0.03
Asia Media Industry PE Ratio Median Figure of 48 Publicly-Listed Media Companies 15.33x
Singapore Market PE Ratio Median Figure of 323 Publicly-Listed Companies 12.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Place Holdings.

SGX:E27 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:E27 Share Price ÷ EPS (both in SGD)

= 0.03 ÷ 0.00

70.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Place Holdings is overvalued based on earnings compared to the Asia Media industry average.
  • Place Holdings is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does Place Holdings's expected growth come at a high price?
Raw Data
SGX:E27 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 70.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
27.8%per year
Asia Media Industry PEG Ratio Median Figure of 15 Publicly-Listed Media Companies 0.88x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Place Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Place Holdings's assets?
Raw Data
SGX:E27 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SGD SGD0.02
SGX:E27 Share Price * SGX (2019-06-12) in SGD SGD0.03
Asia Media Industry PB Ratio Median Figure of 86 Publicly-Listed Media Companies 0.96x
Singapore Market PB Ratio Median Figure of 431 Publicly-Listed Companies 0.72x
SGX:E27 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:E27 Share Price ÷ Book Value per Share (both in SGD)

= 0.03 ÷ 0.02

1.77x

* Primary Listing of Place Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Place Holdings is overvalued based on assets compared to the Asia Media industry average.
X
Value checks
We assess Place Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. Place Holdings has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Place Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Place Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
27.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Place Holdings expected to grow at an attractive rate?
  • Place Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Place Holdings's earnings growth is expected to exceed the Singapore market average.
  • Unable to compare Place Holdings's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:E27 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:E27 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 27.8%
Asia Media Industry Earnings Growth Rate Market Cap Weighted Average 23.9%
Asia Media Industry Revenue Growth Rate Market Cap Weighted Average 10.1%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.6%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:E27 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:E27 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-03-31 2 2 2
2018-12-31 2 1 2
2018-09-30 1 -1 -7
2018-06-30 2 1 -8
2018-03-31 2 0 -2
2017-12-31 2 1 9
2017-09-30 2 4 7
2017-06-30 1 0 10
2017-03-31 -9 -3 13
2016-12-31 -8 -1
2016-09-30 -41 -8 9
2016-06-30 -30 -8 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Place Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Place Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:E27 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Place Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:E27 Past Financials Data
Date (Data in SGD Millions) EPS *
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.01
2016-12-31 0.00
2016-09-30 0.02
2016-06-30 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Place Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Place Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Place Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Place Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Place Holdings's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Place Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Place Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Place Holdings has become profitable in the last year making it difficult to compare the Asia Media industry average.
Earnings and Revenue History
Place Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Place Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:E27 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1.91 2.33 2.17
2018-12-31 1.80 1.92 1.93
2018-09-30 1.48 -7.45 1.10
2018-06-30 1.89 -8.45 1.18
2018-03-31 1.98 -2.35 1.10
2017-12-31 2.44 8.99 1.07
2017-09-30 1.84 7.43 2.33
2017-06-30 1.14 9.84 1.97
2017-03-31 -9.13 13.42 -1.05
2016-12-31 -0.59 1.62
2016-09-30 -41.45 8.98 -8.98
2016-06-30 -29.92 3.90 -4.48
2016-03-31 -7.15 -1.77 1.30
2015-12-31 1.84 1.36
2015-09-30 57.81 -10.63 14.26
2015-06-30 61.12 -7.83 12.65
2015-03-31 61.91 -7.74 12.82
2014-12-31 57.77 -10.10 13.22
2014-09-30 56.05 -4.81 10.16
2014-06-30 58.08 -5.99 10.66
2014-03-31 60.76 -5.64 10.84
2013-12-31 65.79 -6.16 10.61
2013-09-30 66.13 -13.40 11.73
2013-06-30 71.83 -15.93 12.00
2013-03-31 73.03 -18.40 12.31
2012-12-31 72.08 -20.25 12.72
2012-09-30 76.72 -16.97 14.93
2012-06-30 78.77 -13.10 15.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Place Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Place Holdings used its assets less efficiently than the Asia Media industry average last year based on Return on Assets.
  • It is difficult to establish if Place Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Place Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Place Holdings has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Place Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Place Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Place Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Place Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Place Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Place Holdings has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Place Holdings Company Filings, last reported 2 months ago.

SGX:E27 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 92.88 0.27 89.41
2018-12-31 92.90 0.00 89.96
2018-09-30 92.59 0.00 88.98
2018-06-30 93.80 0.00 90.07
2018-03-31 91.64 0.00 87.40
2017-12-31 91.83 0.00 88.48
2017-09-30 87.48 0.00 88.01
2017-06-30 44.56 0.00 42.78
2017-03-31 44.35 0.00 44.75
2016-12-31 34.60 0.00 46.05
2016-09-30 -5.28 30.18 12.35
2016-06-30 0.43 29.96 15.38
2016-03-31 3.25 30.28 19.70
2015-12-31 -3.74 28.85 23.46
2015-09-30 22.52 31.70 25.54
2015-06-30 26.12 32.68 30.27
2015-03-31 28.96 34.71 28.31
2014-12-31 27.61 30.45 27.14
2014-09-30 33.09 30.01 20.65
2014-06-30 33.23 30.59 21.65
2014-03-31 35.61 28.70 18.48
2013-12-31 38.92 24.78 19.00
2013-09-30 39.51 32.85 16.64
2013-06-30 41.79 35.93 16.76
2013-03-31 42.86 36.35 13.41
2012-12-31 45.46 32.51 17.40
2012-09-30 55.86 35.62 11.13
2012-06-30 62.48 37.50 11.25
  • Place Holdings has no debt.
  • Place Holdings has no debt compared to 5 years ago when it was 80.7%.
  • Place Holdings has no debt, it does not need to be covered by operating cash flow.
  • Place Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Place Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Place Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Place Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Place Holdings dividends.
If you bought SGD2,000 of Place Holdings shares you are expected to receive SGD0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Place Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Place Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:E27 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Asia Media Industry Average Dividend Yield Market Cap Weighted Average of 35 Stocks 3.5%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 276 Stocks 4%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.7%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.6%
Singapore Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Place Holdings has not reported any payouts.
  • Unable to verify if Place Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Place Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Place Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Place Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Place Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Place Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Place Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Xianyong Fan
COMPENSATION SGD0
AGE 53
TENURE AS CEO 1.2 years
CEO Bio

Mr. Xianyong Fan has been an Executive Director of The Place Holdings Limited since October 12, 2016. Mr. Fan has been General Manager and Director of Beijng Aozhongxingye Real Estate Development Co., Ltd since 2003. He has been General Manager and Director of The Place Investment Group Co., Ltd. since 2001. He served as a Director and General Manager of Beijing Aozhongxiehe Trading Co., Ltd. from 2001 to 2013.

CEO Compensation
  • Insufficient data for Xianyong to compare compensation growth.
  • Xianyong's remuneration is lower than average for companies of similar size in Singapore.
Management Team Tenure

Average tenure of the Place Holdings management team in years:

1.9
Average Tenure
  • The average tenure for the Place Holdings management team is less than 2 years, this suggests a new team.
Management Team

Zenghe Ji

TITLE
Executive Chairman
AGE
58

Xianyong Fan

TITLE
CEO & Executive Director
AGE
53
TENURE
1.2 yrs

Ai Li Tay

TITLE
Financial Controller
TENURE
2.7 yrs

Kuang-Yi Meng

TITLE
Chief Operating Officer
TENURE
0.5 yrs

Guan Leow Soon

TITLE
Chief Strategy Officer
TENURE
0.1 yrs

Benny Lim

TITLE
Joint Company Secretary
TENURE
2.7 yrs

Lingna Dai

TITLE
Joint Company Secretary
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the Place Holdings board of directors in years:

2
Average Tenure
58
Average Age
  • The average tenure for the Place Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Zenghe Ji

TITLE
Executive Chairman
AGE
58
TENURE
2.7 yrs

Xianyong Fan

TITLE
CEO & Executive Director
AGE
53
TENURE
2.7 yrs

Kwong Wah Er

TITLE
Lead Independent Director
COMPENSATION
SGD50K
AGE
72

Victor Ng

TITLE
Independent Director
AGE
70
TENURE
1.4 yrs

Hu Jiaxiong Foo

TITLE
Independent Director
AGE
43
TENURE
0.8 yrs

Quan Sun

TITLE
Non-Executive Director
AGE
52
TENURE
2.7 yrs

Hee Kok Chng

TITLE
Independent Director
AGE
69
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Place Holdings insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
09. May 19 Sell China Capital Impetus Investment Limited Company 08. May 19 08. May 19 -250,000 SGD0.03 SGD-7,750
04. Apr 19 Buy Chiah-Shiung Foo Individual 02. Apr 19 02. Apr 19 1,000,000 SGD0.02 SGD17,999
04. Apr 19 Buy Chiah-Shiung Foo Individual 20. Mar 19 21. Mar 19 802,100 SGD0.02 SGD12,840
X
Management checks
We assess Place Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Place Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Update: Place Holdings (SGX:E27) Stock Gained 56% In The Last Three Years

The Place Holdings Limited (SGX:E27) shareholders have seen the share price descend 19% over the month. … In fact, the company's share price bested the return of its market index in that time, posting a gain of 56%. … View our latest analysis for Place Holdings In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business.

Simply Wall St -

What Are The Drivers Of The Place Holdings Limited's (SGX:E27) Risks?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … With a market cap of S$188.18M, E27 falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets.

Simply Wall St -

Before You Invest In The Place Holdings Limited (SGX:E27), Consider This

Additional cash raising may dilute the value of your shares, and since Place Holdings is currently burning more cash than it is making, it’s likely the business will need funding for future growth. … Today I’ve examined Place Holdings’s financial data from its most recent earnings update, to roughly assess when the company may need to raise new capital. … SGX:E27 Income Statement May 17th 18 When will Place Holdings need to raise more cash?

Simply Wall St -

What You Must Know About The Place Holdings Limited's (SGX:E27) Major Investors

See our latest analysis for Place Holdings SGX:E27 Ownership_summary May 3rd 18 Institutional Ownership E27's 85.88% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … This size of ownership, while considerably large for a public company, may not be enough to change company policy if the decision is not in sync with other large shareholders. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: E27's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

Why The Place Holdings Limited (SGX:E27) Delivered An Inferior ROE Compared To The Industry

View our latest analysis for Place Holdings Breaking down Return on Equity Return on Equity (ROE) weighs Place Holdings’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Place Holdings’s equity capital deployed. … Given a discrepancy of -8.36% between return and cost, this indicated that Place Holdings may be paying more for its capital than what it’s generating in return.

Simply Wall St -

The Place Holdings Limited (SGX:E27): How Does It Impact Your Portfolio?

Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … I test E27’s ratio of fixed assets to total assets in order to determine how high the risk is associated with this type of constraint. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets.

Simply Wall St -

Should You Be Concerned About The Place Holdings Limited's (SGX:E27) Shareholders?

Today, I will be analyzing The Place Holdings Limited’s (SGX:E27) recent ownership structure, an important but not-so-popular subject among individual investors. … This size of ownership, while considerably large for a public company, may not be enough to change company policy if the decision is not in sync with other large shareholders. … Thus, investors not need worry too much about the consequences of these holdings.What this means for you: E27's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

With -104.8% Earnings Drop Lately, Did The Place Holdings Limited (SGX:E27) Underperform Its Industry?

Examining The Place Holdings Limited's (SGX:E27) past track record of performance is a useful exercise for investors. … See our latest analysis for Place Holdings Commentary On E27's Past Performance I prefer to use the ‘latest twelve-month’ data, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … Though Place Holdings's past data is helpful, it is only one aspect of my investment thesis.

Simply Wall St -

Company Info

Description

The Place Holdings Limited, an investment holding company, invests in, develops, and manages media, integrated tourism, and tourism-related “new retail” businesses in the People’s Republic of China. It engages in the management of various cultural events and activities; and provision of branding strategy, planning, and organizing services for corporate events, exhibitions, and other events, as well as advertising services. The company also development and operating of integrated tourism business, including development of tourist townships near renowned tourist destinations; and the development of commercial malls, hotels, entertainment and recreation facilities, resorts, corporate clubhouses, and wellness resorts for the elderly. The company was formerly known as Eucon Holding Limited and changed its name to The Place Holdings Limited in May 2017. The Place Holdings Limited was founded in 1988 and is based in Singapore. The Place Holdings Limited is a subsidiary of Oriental Straits Fund III.

Details
Name: The Place Holdings Limited
E27
Exchange: SGX
Founded: 1988
SGD164,658,327
5,880,654,539
Website: http://www.theplaceholdings.com
Address: The Place Holdings Limited
20 Collyer Quay,
No. 21-01,
Singapore,
049319,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX E27 Ordinary Shares Singapore Exchange SG SGD 08. Sep 2004
Number of employees
Current staff
Staff numbers
0
Place Holdings employees.
Industry
Advertising
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 12:32
End of day share price update: 2019/06/12 00:00
Last earnings filing: 2019/04/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.