ADN Stock Overview

An investment holding company, invests in, develops, and sells residential and commercial properties in the People’s Republic of China, Europe, and internationally. More details

ADN fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	3/6

Risk Analysis

Interest payments are not well covered by earnings

Earnings have declined by 24.4% per year over past 5 years

Dividend of 4% is not well covered by earnings or free cash flows

Profit margins (4.3%) are lower than last year (15.7%)

+ 1 more risk

My Notes

Capture your thoughts, links and company narrative

First Sponsor Group Limited Competitors

Sinarmas Land

SGX:A26

S$1.3b

Bukit Sembawang Estates

SGX:B61

S$919.1m

GuocoLand

SGX:F17

S$1.6b

Frasers Property

SGX:TQ5

S$3.6b

Price History & Performance

Summary of share price highs, lows and changes for First Sponsor Group
Historical stock prices
Current Share Price	S$1.05
52 Week High	S$1.23
52 Week Low	S$1.01
Beta	0.22
1 Month Change	1.94%
3 Month Change	0%
1 Year Change	-13.22%
3 Year Change	-22.79%
5 Year Change	-22.22%
Change since IPO	-19.79%

First Sponsor Group (SGX:ADN) Seems To Be Using A Lot Of Debt

Oct 21

Recent updates

First Sponsor Group (SGX:ADN) Seems To Be Using A Lot Of Debt

Oct 21

First Sponsor Group's (SGX:ADN) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Apr 09

Here's Why First Sponsor Group (SGX:ADN) Is Weighed Down By Its Debt Load

Oct 03

These 4 Measures Indicate That First Sponsor Group (SGX:ADN) Is Using Debt Extensively

Jun 03

One First Sponsor Group Limited (SGX:ADN) Analyst Is Reducing Their Forecasts For This Year

Apr 29

Shareholder Returns

	ADN	SG Real Estate	SG Market
7D	1.0%	-2.3%	0.06%
1Y	-13.2%	1.1%	15.5%

Return vs Industry: ADN underperformed the SG Real Estate industry which returned 1.1% over the past year.

Return vs Market: ADN underperformed the SG Market which returned 15.5% over the past year.

Price Volatility

Is ADN's price volatile compared to industry and market?
ADN volatility
ADN Average Weekly Movement	4.2%
Real Estate Industry Average Movement	4.7%
Market Average Movement	4.4%
10% most volatile stocks in SG Market	13.6%
10% least volatile stocks in SG Market	2.1%

Stable Share Price: ADN has not had significant price volatility in the past 3 months compared to the SG market.

Volatility Over Time: Insufficient data to determine ADN's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2007	513	Teck Neo	www.1st-sponsor.com.sg

First Sponsor Group Limited, an investment holding company, invests in, develops, and sells residential and commercial properties in the People’s Republic of China, Europe, and internationally. The company operates through Property Development, Property Investment, Property Financing, and Hotel Operations segments. It also provides interest-bearing loans to associates, joint ventures, and third parties.

First Sponsor Group Limited Fundamentals Summary

How do First Sponsor Group's earnings and revenue compare to its market cap?
ADN fundamental statistics
Market cap	S$1.19b
Earnings (TTM)	S$13.84m
Revenue (TTM)	S$319.91m

85.7x

P/E Ratio

3.7x

P/S Ratio

Is ADN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ADN income statement (TTM)
Revenue	S$319.91m
Cost of Revenue	S$181.65m
Gross Profit	S$138.26m
Other Expenses	S$124.42m
Earnings	S$13.84m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.012
Gross Margin	43.22%
Net Profit Margin	4.33%
Debt/Equity Ratio	67.8%

How did ADN perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

323%

Payout Ratio

ADN Stock Overview

Risk Analysis

First Sponsor Group Limited Competitors

SGX:A26

S$1.3b

SGX:B61

S$919.1m

SGX:F17

S$1.6b

SGX:TQ5

S$3.6b

Price History & Performance

Recent News & Updates

First Sponsor Group Limited (SGX:ADN) acquired an additional 4.57% stake in NSI N.V. (ENXTAM:NSI) from Clearance Capital Limited for approximately €18.9 million.

First Sponsor Group Limited (SGX:ADN) entered into a share purchase agreement to acquire an additional 4.57% stake in NSI N.V. (ENXTAM:NSI) from unknown seller for approximately €18.9 million.

First Sponsor Group (SGX:ADN) Seems To Be Using A Lot Of Debt

Upcoming dividend of S$0.011 per share

New minor risk - Earnings quality

Final dividend of S$0.011 announced

Recent updates

First Sponsor Group Limited (SGX:ADN) acquired an additional 4.57% stake in NSI N.V. (ENXTAM:NSI) from Clearance Capital Limited for approximately €18.9 million.

First Sponsor Group Limited (SGX:ADN) entered into a share purchase agreement to acquire an additional 4.57% stake in NSI N.V. (ENXTAM:NSI) from unknown seller for approximately €18.9 million.

First Sponsor Group (SGX:ADN) Seems To Be Using A Lot Of Debt

Upcoming dividend of S$0.011 per share

New minor risk - Earnings quality

Final dividend of S$0.011 announced

First Sponsor Group Limited Announces Retirement of Yee Chia Hsing as the Lead Independent Director and Non-Executive Director

First Sponsor Group's (SGX:ADN) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Full year 2023 earnings released: EPS: S$0.013 (vs S$0.14 in FY 2022)

First Sponsor Group Limited, Annual General Meeting, Apr 25, 2024

High number of new directors

First Sponsor Group Limited Appoints Ms. Low Beng Lan as Independent Non-Executive Director

Non-Executive Chairman exercised options to buy S$944k worth of stock.

Full year 2023 earnings released: EPS: S$0.013 (vs S$0.14 in FY 2022)

First Sponsor Group Limited Proposes Final Cash Dividend for the Year Ended December 31, 2023, Payable on 27 May 2024

New minor risk - Financial data availability

Here's Why First Sponsor Group (SGX:ADN) Is Weighed Down By Its Debt Load

New minor risk - Shareholder dilution

Upcoming dividend of S$0.011 per share at 3.1% yield

New major risk - Financial position

First Sponsor Group Limited Declares First Interim Tax-Exempt Dividend for the Financial Year Ending 31 December 2023, Payable on 2 October 2023

Upcoming dividend of S$0.027 per share at 3.0% yield

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Alternate Director recently bought S$132k worth of stock

Full year 2022 earnings: EPS and revenues exceed analyst expectations

First Sponsor Group Limited Proposes Final Dividend for the Financial Year Ended 31 December 2022 Paid on or Around 19 May 2023

Insufficient new directors

Price target decreased to S$1.39

Insufficient new directors

Insufficient new directors

First Sponsor Group Limited Appoints Mr. Frans Van Toor as Chief Executive Officer (European Office & Residential Operations)

First Sponsor Group Limited Announces Change of Singapore Business Office Address

Price target decreased to S$1.39

Insufficient new directors

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

First Sponsor Group Limited, Annual General Meeting, Apr 26, 2022

Insufficient new directors

Upcoming dividend of S$0.024 per share

Consensus forecasts updated

Group CEO & Executive Director exercised options to buy S$4.2m worth of stock.

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

First Sponsor Group Limited Announces Second Interim Tax-Exempt (One-Tier) Dividend for the Financial Year Ended 31 December 2021, Payable on or About 1 April 2022

Upcoming dividend of S$0.011 per share

Alternate Director exercised options to buy S$932k worth of stock.

Non-Executive Chairman recently bought S$879k worth of stock

Consensus EPS estimates increase to S$0.11

These 4 Measures Indicate That First Sponsor Group (SGX:ADN) Is Using Debt Extensively

One First Sponsor Group Limited (SGX:ADN) Analyst Is Reducing Their Forecasts For This Year

Full year 2020 earnings released: EPS S$0.12 (vs S$0.22 in FY 2019)

New 90-day high: S$1.39

Non-Executive Chairman recently bought S$274k worth of stock

First Sponsor Group Limited (SGX:ADN) entered into a conditional sale and purchase agreement to acquire Guangzhou Panyu Chuang's Real Estate Development Company Limited from Chuang's China Realty Limited for CNY 1.6 billion.

Full year 2020 earnings released: EPS S$0.12 (vs S$0.22 in FY 2019)

Revenue and earnings miss expectations

Upcoming Dividend of S$0.02 Per Share

New 90-day high: S$1.36

First Sponsor Group (SGX:ADN) Takes On Some Risk With Its Use Of Debt

Update: First Sponsor Group (SGX:ADN) Stock Gained 14% In The Last Five Years

First Sponsor Group (SGX:ADN) Is Growing Earnings But Are They A Good Guide?

Analysts lower revenue estimates to S$255.3m