Catalist:1J0

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Executive Summary

SLB Development Ltd., an investment holding company, operates as a property developer in Singapore.


Snowflake Analysis

Adequate balance sheet with questionable track record.


Similar Companies

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.


Market Performance


7 Day Return

1.7%

1J0

8.5%

SG Real Estate

7.6%

SG Market


1 Year Return

-7.8%

1J0

-17.9%

SG Real Estate

-14.7%

SG Market

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.


Shareholder returns

1J0IndustryMarket
7 Day1.7%8.5%7.6%
30 Day-1.7%8.0%6.5%
90 Dayn/a-9.0%-8.0%
1 Year-7.1%-7.8%-16.1%-17.9%-11.2%-14.7%
3 Yearn/a-24.6%-30.4%-9.6%-19.5%
5 Yearn/a-21.7%-31.7%-4.6%-21.0%

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

Valuation

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

15.1%

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).


Next Steps

Future Growth

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

10.0%

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.


Next Steps

Past Performance

How has SLB Development performed over the past 5 years?

-72.4%

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.


Next Steps

Financial Health

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).


Balance Sheet


Next Steps

Dividend

What is SLB Development's current dividend yield, its reliability and sustainability?

0.85%

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average board tenure


CEO

Matthew Ong (37yo)

2.67yrs

Tenure

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 ...


Board Members

NamePositionTenureCompensationOwnership
Eng Keong Ong
CEO & Executive Director2.67yrsno datano data
Lay Koon Ong
Non-Executive Non-Independent Chairman2.25yrsno datano data
Der Rong Foo
Independent Director2.25yrsno datano data
Kek Hean Owi
Lead Independent Director2.25yrsno datano data

2.3yrs

Average Tenure

54.5yo

Average Age

Experienced Board: 1J0's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SLB Development Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • SLB Development Ltd.
  • No. 07-00 Lian Beng Building
  • 29 Harrison Road
  • Singapore
  • 369648
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1J0Catalist (Singapore Exchange Catalist Market)YesOrdinary SharesSGSGDApr 2018

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 17:58
End of Day Share Price2020/06/02 00:00
Earnings2019/11/30
Annual Earnings2019/05/31


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.