Catalist:1J0

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Market Cap

S$118.7m

Last Updated

2021/07/25 11:12 UTC

Data Sources

Company Financials

Executive Summary

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


Snowflake Analysis

Adequate balance sheet with proven 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: Insufficient data to determine 1J0's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine 1J0's volatility change over the past year.


Market Performance


7 Day Return

12.1%

1J0

0.8%

SG Real Estate

-0.3%

SG Market


1 Year Return

30.0%

1J0

17.0%

SG Real Estate

19.8%

SG Market

Return vs Industry: 1J0 exceeded the SG Real Estate industry which returned 17% over the past year.

Return vs Market: 1J0 exceeded the SG Market which returned 19.8% over the past year.


Shareholder returns

1J0IndustryMarket
7 Day12.1%0.8%-0.3%
30 Day10.2%0.8%0.5%
90 Day18.2%-1.4%-1.3%
1 Year30.0%30.0%20.2%17.0%24.4%19.8%
3 Year-31.0%-31.6%-6.5%-14.9%3.8%-8.8%
5 Yearn/a8.1%-6.7%25.3%2.2%

Long-Term 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?

10.92x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1J0 (SGD0.13) is trading above our estimate of fair value (SGD0)

Significantly Below Fair Value: 1J0 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1J0 is good value based on its PE Ratio (10.9x) compared to the SG Real Estate industry average (16.4x).

PE vs Market: 1J0 is good value based on its PE Ratio (10.9x) compared to the SG market (15.4x).


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 (0.5x).


Future Growth

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

43.2%

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.


Past Performance

How has SLB Development performed over the past 5 years?

-57.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1J0 has high quality earnings.

Growing Profit Margin: 1J0's current net profit margins (24%) are higher than last year (14.9%).


Past Earnings Growth Analysis

Earnings Trend: 1J0's earnings have declined by 57.5% per year over the past 5 years.

Accelerating Growth: 1J0's earnings growth over the past year (103%) exceeds its 5-year average (-57.5% per year).

Earnings vs Industry: 1J0 earnings growth over the past year (103%) exceeded the Real Estate industry -45.2%.


Return on Equity

High ROE: 1J0's Return on Equity (6.3%) is considered low.


Financial Health

How is SLB Development's financial position?


Financial Position Analysis

Short Term Liabilities: 1J0's short term assets (SGD295.1M) exceed its short term liabilities (SGD95.8M).

Long Term Liabilities: 1J0's short term assets (SGD295.1M) exceed its long term liabilities (SGD49.7M).


Debt to Equity History and Analysis

Debt Level: 1J0's debt to equity ratio (72.9%) is considered high.

Reducing Debt: 1J0's debt to equity ratio has reduced from 184.1% to 72.9% over the past 5 years.

Debt Coverage: 1J0's debt is not well covered by operating cash flow (1.6%).

Interest Coverage: 1J0 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1J0's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1J0's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1J0's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1J0's dividend payments have been 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?

3.3yrs

Average board tenure


CEO

Matthew Ong (39 yo)

3.75yrs

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

Experienced Board: 1J0's board of directors are considered experienced (3.3 years average tenure).


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.


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$118.690m
  • 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


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 inco...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/25 11:12
End of Day Share Price2021/07/23 00:00
Earnings2020/11/30
Annual Earnings2020/05/31


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.