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1F3

Aspen (Group) HoldingsSGX:1F3 Stock Report

Market Cap

S$138.7m

7D

6.7%

1Y

-51.7%

Updated

26 Nov, 2021

Data

Company Financials
1F3 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

1F3 Stock Overview

Aspen (Group) Holdings Limited, an investment holding company, engages in property development activities in Malaysia.

Aspen (Group) Holdings Competitors

Oxley Holdings

SGX:5UX

S$817.7m

Price History & Performance

Summary of all time highs, changes and price drops for Aspen (Group) Holdings
Historical stock prices
Current Share PriceS$0.13
52 Week HighS$0.28
52 Week LowS$0.10
Beta1.53
1 Month Change-7.91%
3 Month Change3.23%
1 Year Change-51.70%
3 Year Change-15.23%
5 Year Changen/a
Change since IPO-39.05%

Recent News & Updates

Aug 23
Aspen (Group) Holdings (SGX:1F3) Has A Somewhat Strained Balance Sheet

Aspen (Group) Holdings (SGX:1F3) Has A Somewhat Strained Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Jun 02
There's No Escaping Aspen (Group) Holdings Limited's (SGX:1F3) Muted Earnings

There's No Escaping Aspen (Group) Holdings Limited's (SGX:1F3) Muted Earnings

When close to half the companies in Singapore have price-to-earnings ratios (or "P/E's") above 16x, you may consider...

Apr 19
Aspen (Group) Holdings (SGX:1F3) Use Of Debt Could Be Considered Risky

Aspen (Group) Holdings (SGX:1F3) Use Of Debt Could Be Considered Risky

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

1F3SG Real EstateSG Market
7D6.7%-0.3%-0.3%
1Y-51.7%9.0%10.7%

Return vs Industry: 1F3 underperformed the SG Real Estate industry which returned 9% over the past year.

Return vs Market: 1F3 underperformed the SG Market which returned 10.7% over the past year.

Price Volatility

Is 1F3's price volatile compared to industry and market?
1F3 volatility
1F3 Average Weekly Movement9.8%
Real Estate Industry Average Movement4.2%
Market Average Movement4.9%
10% most volatile stocks in SG Market14.2%
10% least volatile stocks in SG Market2.1%

Stable Share Price: 1F3 is more volatile than 75% of SG stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 1F3's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of SG stocks.

About the Company

FoundedEmployeesCEOWebsite
2013n/aMurly Manokharanhttps://aspen.com.my

Aspen (Group) Holdings Limited, an investment holding company, engages in property development activities in Malaysia. The company develops residential and commercial properties; sells food and beverages; and manufactures gloves. It is also involved in the general construction and restaurant business; and the provision of management and IT services.

Aspen (Group) Holdings Fundamentals Summary

How do Aspen (Group) Holdings's earnings and revenue compare to its market cap?
1F3 fundamental statistics
Market CapRM428.88m
Earnings (TTM)RM69.22m
Revenue (TTM)RM297.37m

6.2x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1F3 income statement (TTM)
RevenueRM297.37m
Cost of RevenueRM211.87m
Gross ProfitRM85.50m
ExpensesRM16.28m
EarningsRM69.22m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.064
Gross Margin28.75%
Net Profit Margin23.28%
Debt/Equity Ratio64.8%

How did 1F3 perform over the long term?

See historical performance and comparison

Valuation

Is Aspen (Group) Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1F3 (SGD0.13) is trading below our estimate of fair value (SGD0.39)

Significantly Below Fair Value: 1F3 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1F3 is good value based on its PE Ratio (6.2x) compared to the SG Real Estate industry average (12.8x).

PE vs Market: 1F3 is good value based on its PE Ratio (6.2x) compared to the SG market (13.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1F3's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1F3 is overvalued based on its PB Ratio (0.8x) compared to the SG Real Estate industry average (0.5x).


Future Growth

How is Aspen (Group) Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.6%

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 Aspen (Group) Holdings 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 Aspen (Group) Holdings performed over the past 5 years?

5.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1F3 has high quality earnings.

Growing Profit Margin: 1F3 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 1F3's earnings have grown by 5.6% per year over the past 5 years.

Accelerating Growth: 1F3 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 1F3 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (34.1%).


Return on Equity

High ROE: 1F3's Return on Equity (11%) is considered low.


Financial Health

How is Aspen (Group) Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1F3's short term assets (MYR742.6M) exceed its short term liabilities (MYR620.9M).

Long Term Liabilities: 1F3's short term assets (MYR742.6M) exceed its long term liabilities (MYR441.0M).


Debt to Equity History and Analysis

Debt Level: 1F3's net debt to equity ratio (53.9%) is considered high.

Reducing Debt: 1F3's debt to equity ratio has reduced from 338.5% to 64.8% over the past 5 years.

Debt Coverage: 1F3's debt is well covered by operating cash flow (20.7%).

Interest Coverage: 1F3's interest payments on its debt are well covered by EBIT (36.2x coverage).


Balance Sheet


Dividend

What is Aspen (Group) Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1F3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1F3'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 1F3's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1F3's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 1F3 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1F3'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?

2.8yrs

Average management tenure


CEO

Murly Manokharan (35 yo)

4.92yrs

Tenure

Mr. Murly A/L Manokharan Co-Founded Aspen (Group) Holdings Limited. Mr. Murly has been Group Chief Executive Officer, President and Executive Director at Aspen (Group) Holdings Limited since December 22, 2...


Leadership Team

Experienced Management: 1F3's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: 1F3's board of directors are considered experienced (3.5 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

Aspen (Group) Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Aspen (Group) Holdings Limited
  • Ticker: 1F3
  • Exchange: SGX
  • Founded: 2013
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: S$138.659m
  • Shares outstanding: 1.08b
  • Website: https://aspen.com.my

Number of Employees


Location

  • Aspen (Group) Holdings Limited
  • Aspen House
  • 300 Jalan Macalister
  • Georgetown
  • Pulau Pinang
  • 10450
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 16:10
End of Day Share Price2021/11/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.