Loading...

Perennial Real Estate Holdings

SGX:40S
Snowflake Description

Overvalued with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
40S
SGX
SGD1B
Market Cap
  1. Home
  2. SG
  3. Real Estate
Company description

Perennial Real Estate Holdings Limited, together with its subsidiaries, operates as an integrated real estate and healthcare company. The last earnings update was 17 days ago. More info.


Add to Portfolio Compare Print
40S Share Price and Events
7 Day Returns
-1.5%
SGX:40S
0.2%
SG Real Estate
0.3%
SG Market
1 Year Returns
-26.9%
SGX:40S
-7.5%
SG Real Estate
-6.7%
SG Market
40S Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Perennial Real Estate Holdings (40S) -1.5% 1.6% -3% -26.9% -31.2% -
SG Real Estate 0.2% 2.4% 6.4% -7.5% 5.6% -5.3%
SG Market 0.3% 3.1% 3.7% -6.7% 8% -3.3%
1 Year Return vs Industry and Market
  • 40S underperformed the Real Estate industry which returned -7.5% over the past year.
  • 40S underperformed the Market in Singapore which returned -6.7% over the past year.
Price Volatility
40S
Industry
5yr Volatility vs Market

Value

 Is Perennial Real Estate Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Perennial Real Estate Holdings. This is due to cash flow or dividend data being unavailable. The share price is SGD0.64.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Perennial Real Estate Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Perennial Real Estate Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:40S PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.05
SGX:40S Share Price ** SGX (2019-04-18) in SGD SGD0.64
Singapore Real Estate Industry PE Ratio Median Figure of 38 Publicly-Listed Real Estate Companies 9.52x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Perennial Real Estate Holdings.

SGX:40S PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:40S Share Price ÷ EPS (both in SGD)

= 0.64 ÷ 0.05

13.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perennial Real Estate Holdings is overvalued based on earnings compared to the SG Real Estate industry average.
  • Perennial Real Estate Holdings is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does Perennial Real Estate Holdings's expected growth come at a high price?
Raw Data
SGX:40S PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-97.3%per year
Singapore Real Estate Industry PEG Ratio Median Figure of 14 Publicly-Listed Real Estate Companies -0.16x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

SGX:40S PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.63x ÷ -97.3%

-0.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perennial Real Estate Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Perennial Real Estate Holdings's assets?
Raw Data
SGX:40S PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD1.64
SGX:40S Share Price * SGX (2019-04-18) in SGD SGD0.64
Singapore Real Estate Industry PB Ratio Median Figure of 46 Publicly-Listed Real Estate Companies 0.59x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:40S PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:40S Share Price ÷ Book Value per Share (both in SGD)

= 0.64 ÷ 1.64

0.39x

* Primary Listing of Perennial Real Estate Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perennial Real Estate Holdings is good value based on assets compared to the SG Real Estate industry average.
X
Value checks
We assess Perennial Real Estate Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Perennial Real Estate Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Perennial Real Estate Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-97.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Perennial Real Estate Holdings expected to grow at an attractive rate?
  • Perennial Real Estate Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Perennial Real Estate Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Singapore market average.
  • Perennial Real Estate Holdings's revenue growth is expected to exceed the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:40S Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:40S Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -97.3%
SGX:40S Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 12.5%
Singapore Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -10.1%
Singapore Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.7%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:40S Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:40S Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 124 -9 1
2020-12-31 122 -37 10 1
2019-12-31 121 -158 10 1
SGX:40S Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 78 -15 78
2018-09-30 71 -75 90
2018-06-30 69 -81 58
2018-03-31 69 -131 67
2017-12-31 75 -122 100
2017-09-30 80 -232 98
2017-06-30 95 -201 82
2017-03-31 101 -142 65
2016-12-31 110 -78 35
2016-09-30 109 -74 29
2016-06-30 97 -31 33
2016-03-31 112 -40 41

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Perennial Real Estate Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Perennial Real Estate Holdings's revenue is expected to grow by 12.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:40S Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Perennial Real Estate Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:40S Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 -0.01 -0.01 -0.01 1.00
2020-12-31 0.01 0.01 0.01 1.00
2019-12-31 0.01 0.01 0.01 1.00
SGX:40S Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.05
2018-09-30 0.05
2018-06-30 0.04
2018-03-31 0.04
2017-12-31 0.06
2017-09-30 0.06
2017-06-30 0.05
2017-03-31 0.04
2016-12-31 0.02
2016-09-30 0.02
2016-06-30 0.02
2016-03-31 0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Perennial Real Estate Holdings will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Perennial Real Estate Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Perennial Real Estate Holdings has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Perennial Real Estate Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Perennial Real Estate Holdings's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Perennial Real Estate Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Perennial Real Estate Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Perennial Real Estate Holdings's 1-year earnings growth is negative, it can't be compared to the SG Real Estate industry average.
Earnings and Revenue History
Perennial Real Estate Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Perennial Real Estate Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:40S Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 78.26 78.06 37.76
2018-09-30 71.29 89.65 34.27
2018-06-30 69.50 58.31 31.36
2018-03-31 69.22 66.78 26.15
2017-12-31 74.51 100.30 25.82
2017-09-30 80.04 98.27 22.25
2017-06-30 94.70 81.77 23.13
2017-03-31 100.93 65.24 25.73
2016-12-31 110.19 35.05 26.23
2016-09-30 108.91 28.91 4.40
2016-06-30 96.72 33.26 3.87
2016-03-31 111.93 41.43 3.90
2015-12-31 109.50 36.38 1.43
2015-06-30 88.11 33.16 13.91
2015-03-31 53.73 24.13 13.92
2014-12-31 31.03 17.05 16.56
2014-09-30 25.17 5.51 16.17
2014-06-30 19.32 -6.04 15.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Perennial Real Estate Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Perennial Real Estate Holdings used its assets less efficiently than the SG Real Estate industry average last year based on Return on Assets.
  • It is difficult to establish if Perennial Real Estate Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Perennial Real Estate Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Perennial Real Estate Holdings has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Perennial Real Estate Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Perennial Real Estate Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Perennial Real Estate Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Perennial Real Estate Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Perennial Real Estate Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Perennial Real Estate Holdings Company Filings, last reported 3 months ago.

SGX:40S Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,976.38 3,276.85 76.86
2018-09-30 3,960.29 3,124.33 113.15
2018-06-30 3,999.34 3,129.49 154.68
2018-03-31 3,987.20 2,436.51 108.87
2017-12-31 3,915.88 2,463.37 111.68
2017-09-30 3,915.68 2,419.71 78.39
2017-06-30 3,759.93 2,148.55 189.44
2017-03-31 3,721.47 2,106.30 165.01
2016-12-31 3,781.92 2,982.35 226.24
2016-09-30 3,646.84 2,629.92 155.49
2016-06-30 3,642.60 2,514.52 190.63
2016-03-31 3,773.39 2,416.56 131.83
2015-12-31 3,882.39 2,291.49 162.03
2015-06-30 3,853.55 1,870.06 94.23
2015-03-31 2,443.89 1,746.29 90.52
2014-12-31 2,345.36 1,687.05 106.81
2014-09-30 2,345.36 1,687.05 106.81
2014-06-30 1.35 0.00 2.73
  • Perennial Real Estate Holdings's level of debt (82.4%) compared to net worth is high (greater than 40%).
  • Unable to establish if Perennial Real Estate Holdings's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Perennial Real Estate Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Perennial Real Estate Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Perennial Real Estate Holdings has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Perennial Real Estate Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.63%
Current annual income from Perennial Real Estate Holdings dividends. Estimated to be 0.63% next year.
If you bought SGD2,000 of Perennial Real Estate Holdings shares you are expected to receive SGD13 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Perennial Real Estate Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Singapore (2.5%).
  • Perennial Real Estate Holdings's dividend is below the markets top 25% of dividend payers in Singapore (5.43%).
Upcoming dividend payment

Purchase Perennial Real Estate Holdings before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:40S Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Singapore Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:40S Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
SGX:40S Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-04-02 0.004 0.611
2019-02-13 0.004 0.618
2018-04-24 0.010 1.338
2017-04-28 0.004 0.457
2016-03-31 0.004 0.463
2016-02-04 0.004 0.447

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perennial Real Estate Holdings is not paying a notable dividend for Singapore, therefore no need to check if the payments are stable.
  • Perennial Real Estate Holdings is not paying a notable dividend for Singapore, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Perennial Real Estate Holdings's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Perennial Real Estate Holdings's dividends as it is not paying a notable one for Singapore.
Future Payout to shareholders
  • No need to calculate the sustainability of Perennial Real Estate Holdings's dividends in 3 years as they are not expected to pay a notable one for Singapore.
X
Income/ dividend checks
We assess Perennial Real Estate Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Perennial Real Estate Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Perennial Real Estate Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Perennial Real Estate Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Seck Guan Pua
COMPENSATION SGD1,830,000
AGE 54
CEO Bio

Mr. Pua Seck Guan has been the Chief Executive Officer of Perennial Real Estate Holdings Limited since October 27, 2014. Mr. Pua has been an Executive Director of Perennial Real Estate Holdings Limited since October 10, 2014. Mr. Pua has been Chief Operating Officer and Executive Director of Wilmar International Limited since January 1, 2016. He served as Vice Chairman and President of Perennial Real Estate Holdings Pte. Ltd. from 2012 to 2014 and served as Chief Executive Officer of PCRTM. Mr. Pua founded Perennial Real Estate Private Limited (PREPL) in 2009 and served as its Chief Executive Officer from 2009 to 2012. He established PCRT in 2011. Mr. Pua served as the Chief Executive Officer of DLF International Holdings Pte. Ltd., the international business arm of DLF Limited from 2008 to 2009. From 2011 to 2014, Mr. Pua served as Executive Director and Chief Executive Officer Perennial China Retail Trust Management Pte. Ltd. He served as the Chief Executive Officer of a number of CapitaLand Group of companies, including CapitaLand Retail Limited (now known as CapitaMalls Asia Limited), CapitaLand Mall Trust Management Pte. Ltd. (formerly, CapitaMall Trust Management Limited) and CapitaLand Financial Limited. He has over 29 years of real estate experience that spans across Asia, including the People's Republic of China (PRC), India, Japan, Hong Kong, Malaysia and Singapore. He served as the Chief Executive Officer of St. James Holdings Limited. Mr. Pua has an extensive track record and a wealth of experience in the PRC, India, Japan, Hong Kong, Malaysia and Singapore. Since 2002, Mr. Pua has been involved in the acquisition, development and management of over 110 retail malls in Asia, of which 70 were in more than 45 cities in the PRC. He is Widely regarded as a Real Estate Investment Trust (REIT) pioneer in Singapore. Mr. Pua was instrumental in establishing REITs listed on the SGX-ST such as CapitaMall Trust and CapitaRetail China Trust. He has been Director/Chairman of Chengdu Penghong Management Co., Ltd. since March 1, 2016; Chengdu Pengyi Management Co., Ltd. since January 31, 2016; Jiamusi Yihai Property Developments Co., Ltd. since April 5, 2016; Minsec Engineering Services Sdn. Bhd. since January 01, 2017; Uniland Consulting (Shanghai) Co., Ltd. since March 1, 2017; Wilmar (Shanghai) IT Services Co., Ltd. since January 01, 2016; and Wilmar IT Services Wuxi Co., Ltd. since March 3, 2016. He has been Director/Deputy Chairman of Chengdu St Stamford Management Co., Ltd. since March 14, 2016. He has been Non-Independent and Non-Executive Director of United Engineers Limited since September 12, 2017. He has been Non-Executive Director of Perennial China Retail Trust Management Pte. Ltd. (PCRTM), the trustee-manager of Perennial China Retail Trust (PCRT) since November 19, 2010. He has been a Director of Skye Africa Investments Pte. Ltd.; Wilmar Africa Investments Pte. Ltd.; Wilmar Shwe Investments Pte. Ltd.; Wilmar-Delta Holdings Pte. Ltd. since September 01, 2016. and Director/Chairman of Wilmar Sugar (Myanmar) Pte. Ltd. since September 01, 2016. He has been a Director of Capitol Hotel Holdings Pte. Ltd., Capitol Hotel Management Pte. Ltd., Capitol Hotel Pte. Ltd., Capitol Investment Holdings Pte. Ltd., Capitol Residential Development Pte. Ltd., Capitol Residential Pte. Ltd., Capitol Retail Holdings Pte. Ltd., Capitol Retail Management Pte. Ltd., and Capitol Retail Pte. Ltd. since August 16, 2010. He has been a Director of CP1 Pte. Ltd., CP2 Pte. Ltd., CP3 Pte. Ltd., CP4 Pte. Ltd., and CP5 Pte. Ltd. since June 21, 2010. He has been a Manager of Perennial Chinatown Point LLP since July 05, 2010. He has been a Director of Global Amines Company Pte. Ltd. since March 15, 2016; Longemont Real Estate Pte. Ltd. since January 21, 2013; New Capitol Pte. Ltd., since March 06, 2012; Perennial (Capitol) Pte. Ltd. since August 16, 2010; Perennial (Chijmes) Pte. Ltd. since December 14, 2011; Perennial (China) Retail Management Pte. Ltd. since January 21, 2011; Perennial (Singapore) Retail Management Pte. Ltd. since January 12, 2010; Perennial (Somerset) Pte. Ltd. since March 31, 2014; Perennial 111 Somerset Pte. Ltd. since September 25, 2013; Perennial Chenghua C Pte. Ltd. since December 30, 2013; Perennial Chenghua D Pte. Ltd. since December 30, 2013; Perennial China Investment Holdings Pte. Ltd. since October 10, 2014; Perennial China Retail Pte. Ltd. since December 02, 2010; Perennial EM Holdings Pte. Ltd. since March 12, 2014; Perennial Ghana Pte. Ltd. since August 19, 2015; Perennial Healthcare Pte. Ltd. (fka Perennial HC Pte. Ltd.) since June 29, 2015; Perennial Hengqin Investment Group Pte. Ltd. since December 31, 2013; Perennial Hengqin Investment Pte. Ltd. since December 31, 2013; Perennial Management Investment Holdings Pte. Ltd. since October 10, 2014; Perennial Penang Pte. Ltd. since April 21, 2015; Perennial Real Estate Holdings Pte. Ltd. since April 09, 2012; Perennial Real Estate Pte. Ltd. since November 01, 2009; Perennial Shenton Holding Pte. Ltd. (fka Perennial 8 Shenton Holding Pte. Ltd.) since April 14, 2015; Perennial Shenton Investors Pte. Ltd. (fka Perennial 8 Shenton Investors Pte. Ltd.) since April 14, 2015; Perennial Shenton Property Pte. Ltd. since April 24, 2015; Perennial Singapore Investment Holdings Pte. Ltd. since October 10, 2014; Perennial Somerset Investors Pte. Ltd. since September 25, 2013; Perennial TCM Management Pte. Ltd. since May 13, 2016; Perennial Tongzhou Development 1 Pte. Ltd. since August 13, 2012; Perennial Tongzhou Development 2 Pte. Ltd. since October 20, 2014; Perennial Tongzhou Development 3 Pte. Ltd. since October 20, 2014; Perennial Tongzhou Development 4 Pte. Ltd. since January 07, 2013; Perennial Tongzhou Development Pte. Ltd. since August 13, 2012; Perennial Tongzhou Holdings Pte. Ltd. since September 02, 2010; Perennial Treasury Pte. Ltd. since September 25, 2013; Perennial UW Pte. Ltd. since July 11, 2017; Perennial TYN Investment Pte. Ltd. since September 19, 2013; Perennial Xi'an Development 1 Pte. Ltd. since October 09, 2012; Perennial Xi'an Development 2 Pte. Ltd. since October 09, 2012; Perennial Xi'an Development Holding 1 Pte. Ltd. since October 09, 2012; Perennial Xi'an Development Holding 2 Pte. Ltd. since October 16, 2012; PRE 2 Investments Pte. Ltd. since October 22, 2009; PRE 3 Investments Pte. Ltd. since October 22, 2009; PRE 8 Investments Pte. Ltd. since September 28, 2011; PSG Holdings Pte. Ltd. since April 09, 2012; Shanghai Summit Pte. Ltd. since February 16, 2011; St Stamford International Medical Pte. Ltd. since June 15, 2016; Tongzhou Bayfront Development Pte. Ltd. since October 20, 2014; Tongzhou Yun He Development Pte. Ltd. since October 20, 2014; TYN Investment Group Pte. Ltd. since September 19, 2013; TYN Investment Pte. Ltd. November 29, 2013; Wilmar Consultancy Services Pte. Ltd. since March 15, 2016; Wilmar Trading Pte. Ltd. since January 01, 2016 and Yanlord Perennial Investment (Singapore

CEO Compensation
  • Seck Guan's compensation has been consistent with company performance over the past year.
  • Seck Guan's remuneration is higher than average for companies of similar size in Singapore.
Management Team Tenure

Average tenure of the Perennial Real Estate Holdings management team in years:

1.8
Average Tenure
  • The average tenure for the Perennial Real Estate Holdings management team is less than 2 years, this suggests a new team.
Management Team

Seck Guan Pua

TITLE
CEO & Executive Director
COMPENSATION
SGD2M
AGE
54

Belinda Gan

TITLE
Chief Financial Officer

Joanna Low

TITLE
Chief Investment Officer
TENURE
0.3 yrs

Tong Ka-Pin

TITLE
Head of Investor Relations

Maggie Ji

TITLE
Head of Legal Department & Joint Company Secretary

Celeste Tay

TITLE
Head of Human Resource
TENURE
0.1 yrs

Annie Lee

TITLE
Deputy Chief Executive Officer - Singapore
TENURE
1.8 yrs

Kong Cheng Lim

TITLE
Head of Project Management
TENURE
7.3 yrs

Boon Pheng Tan

TITLE
Head of Design Management
TENURE
7.3 yrs

Ivan Koh

TITLE
Chief Executive Officer of China
Board of Directors Tenure

Average tenure and age of the Perennial Real Estate Holdings board of directors in years:

4.5
Average Tenure
62
Average Age
  • The tenure for the Perennial Real Estate Holdings board of directors is about average.
Board of Directors

Khoon Kuok

TITLE
Chairman
COMPENSATION
SGD55K
AGE
69
TENURE
4.5 yrs

Seck Guan Pua

TITLE
CEO & Executive Director
COMPENSATION
SGD2M
AGE
54
TENURE
4.5 yrs

Ron Sim

TITLE
Vice-Chairman
COMPENSATION
SGD55K
AGE
60

Eugene Paul Look

TITLE
Lead Independent Non-Executive Director
COMPENSATION
SGD128K
AGE
55

Lee Suan Hiang

TITLE
Independent Non-Executive Director
COMPENSATION
SGD118K
AGE
68
TENURE
4.5 yrs

Eng Ooi

TITLE
Independent Non-Executive Director
COMPENSATION
SGD75K
AGE
62
TENURE
3.8 yrs

Phuay Hee Chua

TITLE
Independent Non-Executive Director
COMPENSATION
SGD103K
AGE
65
TENURE
4.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
13. Sep 18 Buy Chye Sim Individual 12. Sep 18 12. Sep 18 4,500 SGD0.76 SGD3,420
10. Sep 18 Buy Chye Sim Individual 07. Sep 18 07. Sep 18 12,600 SGD0.78 SGD9,766
07. Sep 18 Buy Chye Sim Individual 06. Sep 18 06. Sep 18 100,000 SGD0.14 SGD13,664
15. Aug 18 Buy Seck Guan Pua Individual 14. Aug 18 14. Aug 18 41,100 SGD0.80 SGD32,929
10. Jul 18 Buy Khoon Kuok Individual 09. Jul 18 09. Jul 18 17,500 SGD0.81 SGD14,088
06. Jul 18 Buy Longhlin Asia Ltd Company 05. Jul 18 05. Jul 18 30,000 SGD0.82 SGD24,600
06. Jul 18 Buy Hong Lee Holdings Pte Ltd Company 05. Jul 18 05. Jul 18 30,100 SGD0.82 SGD24,682
04. Jul 18 Buy Khoon Kuok Individual 03. Jul 18 03. Jul 18 65,600 SGD0.82 SGD53,792
03. Jul 18 Buy Khoon Kuok Individual 02. Jul 18 02. Jul 18 40,700 SGD0.83 SGD33,781
11. Jun 18 Buy Seck Guan Pua Individual 11. Jun 18 11. Jun 18 166,900 SGD0.85 SGD141,147
31. May 18 Buy Longhlin Asia Ltd Company 30. May 18 30. May 18 142,500 SGD0.86 SGD122,550
31. May 18 Buy Hong Lee Holdings Pte Ltd Company 30. May 18 30. May 18 142,000 SGD0.86 SGD122,120
30. May 18 Buy Longhlin Asia Ltd Company 28. May 18 28. May 18 35,000 SGD0.86 SGD30,100
30. May 18 Buy Hong Lee Holdings Pte Ltd Company 28. May 18 28. May 18 36,200 SGD0.86 SGD31,132
28. May 18 Buy Longhlin Asia Ltd Company 25. May 18 25. May 18 25,000 SGD0.86 SGD21,500
28. May 18 Buy Hong Lee Holdings Pte Ltd Company 25. May 18 25. May 18 26,000 SGD0.86 SGD22,360
24. May 18 Buy Longhlin Asia Ltd Company 23. May 18 23. May 18 45,000 SGD0.86 SGD38,700
24. May 18 Buy Hong Lee Holdings Pte Ltd Company 23. May 18 23. May 18 45,000 SGD0.86 SGD38,700
24. May 18 Buy Khoon Kuok Individual 23. May 18 23. May 18 43,600 SGD0.86 SGD37,496
23. May 18 Buy Longhlin Asia Ltd Company 22. May 18 22. May 18 81,000 SGD0.86 SGD69,660
23. May 18 Buy Hong Lee Holdings Pte Ltd Company 22. May 18 22. May 18 81,000 SGD0.86 SGD69,660
23. May 18 Buy Khoon Kuok Individual 22. May 18 22. May 18 80,200 SGD0.86 SGD68,972
18. May 18 Buy Longhlin Asia Ltd Company 17. May 18 17. May 18 15,700 SGD0.86 SGD13,502
17. May 18 Buy Longhlin Asia Ltd Company 16. May 18 16. May 18 113,000 SGD0.86 SGD97,180
17. May 18 Buy Hong Lee Holdings Pte Ltd Company 16. May 18 16. May 18 113,000 SGD0.86 SGD97,180
17. May 18 Buy Khoon Kuok Individual 16. May 18 16. May 18 112,500 SGD0.86 SGD96,750
16. May 18 Buy Khoon Kuok Individual 15. May 18 15. May 18 37,600 SGD0.86 SGD32,336
X
Management checks
We assess Perennial Real Estate Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Perennial Real Estate Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Buy Perennial Real Estate Holdings Limited (SGX:40S) When Insiders Do?

Perennial Real Estate Holdings Limited, together with its subsidiaries, operates as an integrated real estate and healthcare company. … Perennial Real Estate Holdings is one of Singapore’s. … some insider buying over the past three months, with insiders investing in.

Simply Wall St -

Perennial Real Estate Holdings Limited (SGX:40S): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like Perennial Real Estate Holdings Limited (SGX:40S), with a market cap of S$1.40b. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

At $0.87, Is Perennial Real Estate Holdings Limited (SGX:40S) A Buy?

Perennial Real Estate Holdings Limited (SGX:40S), a real estate company based in Singapore, had a relatively subdued couple of weeks in terms of changes in share price, which continued to float around the range of SGD0.83 to SGD0.89. … Great news for investors – Perennial Real Estate Holdings is still trading at a fairly cheap price. … What’s more interesting is that, Perennial Real Estate Holdings’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value.

Simply Wall St -

Should You Be Tempted To Sell Perennial Real Estate Holdings Limited (SGX:40S) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for 40S Price per share = SGD0.86 Earnings per share = SGD0.06 ∴ Price-Earnings Ratio = SGD0.86 ÷ SGD0.06 = 14.3x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … Since 40S's P/E of 14.3x is higher than its industry peers (10.3x), it means that investors are paying more than they should for each dollar of 40S's earnings. … For example, if you are inadvertently comparing riskier firms with 40S, then 40S’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.

Simply Wall St -

Is Perennial Real Estate Holdings Limited's (SGX:40S) Balance Sheet A Threat To Its Future?

Looking at 40S’s most recent S$1.28B liabilities, the company has been able to meet these obligations given the level of current assets of S$2.39B, with a current ratio of 1.87x. … We can check to see whether 40S is able to meet its debt obligations by looking at the net interest coverage ratio. … In 40S's, case, the ratio of 0.47x suggests that interest is not strongly covered, which means that lenders may be more reluctant to lend out more funding as 40S’s low interest coverage already puts the company at higher risk of default.Next Steps: 40S’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Perennial Real Estate Holdings Limited (SGX:40S): Are Analysts Right About The Drop In Earnings?

The most recent earnings announcement Perennial Real Estate Holdings Limited's (SGX:40S) released in December 2017 revealed that the business gained from a significant tailwind, more than doubling its earnings from the prior year. … Below, I've laid out key numbers on how market analysts view Perennial Real Estate Holdings's earnings growth trajectory over the next few years and whether the future looks even brighter than the past. … See our latest analysis for Perennial Real Estate Holdings Market analysts' prospects for the upcoming year seems pessimistic, with earnings declining by a double-digit -86.84%.

Simply Wall St -

Should You Follow This Trend For Perennial Real Estate Holdings Limited (SGX:40S)?

Perennial Real Estate Holdings is one of Singapore’s large-cap stocks that saw some insider buying over the past three months, with insiders investing in 232,100 shares during this period. … Within the past three months, Perennial Real Estate Holdings’s share price traded at a high of SGD0.9 and a low of SGD0.83. … Next Steps: Perennial Real Estate Holdings’s net buying tells us the stock is in favour with some insiders, however, earnings expectations tell a different story, and the relatively stable stock price may not warrant exploiting any mispricing.

Simply Wall St -

Why Perennial Real Estate Holdings Limited's (SGX:40S) ROE Of 3.40% Does Not Tell The Whole Story

Perennial Real Estate Holdings Limited (SGX:40S) delivered a less impressive 3.40% ROE over the past year, compared to the 7.31% return generated by its industry. … View our latest analysis for Perennial Real Estate Holdings What you must know about ROE Return on Equity (ROE) is a measure of Perennial Real Estate Holdings’s profit relative to its shareholders’ equity. … Although, its appropriate level of leverage means investors can be more confident in the sustainability of Perennial Real Estate Holdings’s return with a possible increase should the company decide to increase its debt levels.

Simply Wall St -

Should You Be Tempted To Sell Perennial Real Estate Holdings Limited (SGX:40S) At Its Current PE Ratio?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for 40S Price per share = SGD0.88 Earnings per share = SGD0.059 ∴ Price-Earnings Ratio = SGD0.88 ÷ SGD0.059 = 14.9x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … At 14.9x, 40S’s P/E is higher than its industry peers (11.6x).

Simply Wall St -

January Insights Into Real Estate Stocks: Perennial Real Estate Holdings Limited (SGX:40S)

Perennial Real Estate Holdings Limited (SGX:40S), a SGD$1.46B small-cap, is a real estate company operating in an industry which remains the single largest sector globally, and has continued to play a key role in investor portfolios as an asset class. … See our latest analysis for Perennial Real Estate Holdings What’s the catalyst for Perennial Real Estate Holdings's sector growth? … If your initial investment thesis is around the growth prospects of Perennial Real Estate Holdings, there are other real estate companies that are expected to deliver higher growth in the future, and perhaps trading at a discount to the industry average.

Simply Wall St -

Company Info

Description

Perennial Real Estate Holdings Limited, together with its subsidiaries, operates as an integrated real estate and healthcare company. The company operates through Singapore, China, Management Businesses, and Corporate and Others segments. It invests in, owns, develops, and manages real estate properties. The company primarily focuses on mixed-use developments comprising retail properties, offices/SOHOs, hotels/serviced apartments, residential and healthcare properties, event venue/convention centers, and integrated developments. Its real estate portfolio comprises 10 integrated developments, and 5 retail and commercial developments spanning approximately 54 million square feet in total gross floor area in Singapore, China, Malaysia, and Ghana. The company also owns, operates, and provides medical and healthcare services, including hospitals and medical centers, and eldercare and senior housing, as well as supporting specialties in genomics and diagnostic imaging, plastic surgery and aesthetics, and maternal and child health management. Its healthcare portfolio comprises 25 operational medical and healthcare-related facilities spanning 8 cities with a total of 4,167 operating beds in China; and 1 traditional Chinese medicine outpatient treatment facility in Singapore. In addition, the company provides asset and retail management, project development, and project and design management services, as well as investment advisory services. Perennial Real Estate Holdings Limited was incorporated in 2002 and is headquartered in Singapore.

Details
Name: Perennial Real Estate Holdings Limited
40S
Exchange: SGX
Founded: 2002
SGD1,063,493,995
1,661,709,368
Website: http://www.perennialrealestate.com.sg
Address: Perennial Real Estate Holdings Limited
AXA Tower,
No. 36-01, 8 Shenton Way,
Singapore,
068811,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX 40S Ordinary Shares Singapore Exchange SG SGD 26. Dec 2014
Number of employees
Current staff
Staff numbers
391
Perennial Real Estate Holdings employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 12:34
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/02/15
Last earnings filing: 2019/04/02
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.