SLB Development Ltd., an investment holding company, operates as a property developer in Singapore.
Adequate balance sheet with questionable track record.
Share Price & News
How has SLB Development's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1J0's share price has been volatile over the past 3 months.
7 Day Return
SG Real Estate
1 Year Return
SG Real Estate
Return vs Industry: 1J0 exceeded the SG Real Estate industry which returned -19.2% over the past year.
Return vs Market: 1J0 exceeded the SG Market which returned -15.5% over the past year.
Price Volatility Vs. Market
How volatile is SLB Development's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is SLB Development undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1J0 (SGD0.12) is trading below our estimate of fair value (SGD0.14)
Significantly Below Fair Value: 1J0 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 1J0 is poor value based on its PE Ratio (20.4x) compared to the Real Estate industry average (10.4x).
PE vs Market: 1J0 is poor value based on its PE Ratio (20.4x) compared to the SG market (11.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1J0's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1J0 is overvalued based on its PB Ratio (0.7x) compared to the SG Real Estate industry average (0.4x).
How is SLB Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate 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 SLB Development 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.
- Examine SLB Development's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Real Estate industry.
How has SLB Development performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1J0 has high quality earnings.
Growing Profit Margin: 1J0 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 1J0's earnings have declined by -72.4% per year over the past 5 years.
Accelerating Growth: 1J0 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 1J0 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (-21%).
Return on Equity
High ROE: 1J0's Return on Equity (2.3%) is considered low.
How is SLB Development's financial position?
Financial Position Analysis
Short Term Liabilities: 1J0's short term assets (SGD295.3M) exceed its short term liabilities (SGD28.4M).
Long Term Liabilities: 1J0's short term assets (SGD295.3M) exceed its long term liabilities (SGD121.3M).
Debt to Equity History and Analysis
Debt Level: 1J0's debt to equity ratio (79.3%) is considered high.
Reducing Debt: Insufficient data to determine if 1J0's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 1J0's debt is well covered by operating cash flow (21.4%).
Interest Coverage: 1J0's interest payments on its debt are well covered by EBIT (29.1x coverage).
What is SLB Development's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1J0's dividend (0.85%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (2.68%).
High Dividend: 1J0's dividend (0.85%) is low compared to the top 25% of dividend payers in the SG market (6.06%).
Stability and Growth of Payments
Stable Dividend: 1J0 is not paying a notable dividend for the SG market, therefore no need to check if payments are stable.
Growing Dividend: 1J0 is not paying a notable dividend for the SG market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: 1J0 is not paying a notable dividend for the SG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 1J0's dividend in 3 years as they are not forecast to pay a notable one for the SG market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Matthew Ong (37yo)
Mr. Eng Keong Ong, also known as Matthew, has been Executive Director and Chief Executive Officer at SLB Development Ltd. since October 17, 2017. Mr. Ong is also responsible for the property development di ...
|CEO & Executive Director||2.67yrs||no data||no data|
|Non-Executive Non-Independent Chairman||2.25yrs||no data||no data|
|Independent Director||2.25yrs||no data||no data|
|Lead Independent Director||2.25yrs||no data||no data|
Experienced Board: 1J0's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SLB Development Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: SLB Development Ltd.
- Ticker: 1J0
- Exchange: Catalist
- Founded: 2017
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: S$107.734m
- Shares outstanding: 913.00m
- Website: https://www.slbdevelopment.com.sg
- SLB Development Ltd.
- No. 07-00 Lian Beng Building
- 29 Harrison Road
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|1J0||Catalist (Singapore Exchange Catalist Market)||Yes||Ordinary Shares||SG||SGD||Apr 2018|
SLB Development Ltd., an investment holding company, operates as a property developer in Singapore. It develops and sells residential, mixed-use, industrial, and commercial properties. The company was formerly known as SLB Development Pte. Ltd. and changed its name to SLB Development Ltd. in March 2018. The company was incorporated in 2017 and is based in Singapore. SLB Development Ltd. is a subsidiary of Lian Beng Group Ltd.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/04 17:58|
|End of Day Share Price||2020/06/02 00:00|
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.