SGX:5DP

Stock Analysis Report

Executive Summary

Heeton Holdings Limited, an investment holding company, operates in the property development and hospitality business in Singapore, Thailand, Australia, Japan, Malaysia, Vietnam, and the United Kingdom.


Snowflake Analysis

Fair value unattractive dividend payer.

Share Price & News

How has Heeton Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 5DP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.3%

5DP

3.2%

SG Real Estate

4.9%

SG Market


1 Year Return

-21.8%

5DP

-29.9%

SG Real Estate

-23.8%

SG Market

Return vs Industry: 5DP exceeded the SG Real Estate industry which returned -29.9% over the past year.

Return vs Market: 5DP exceeded the SG Market which returned -23.8% over the past year.


Shareholder returns

5DPIndustryMarket
7 Day4.3%3.2%4.9%
30 Day-9.3%-18.2%-17.7%
90 Day-19.7%-25.7%-23.5%
1 Year-20.8%-21.8%-27.3%-29.9%-20.5%-23.8%
3 Year2.4%-2.0%-30.3%-36.2%-17.1%-25.9%
5 Year-36.7%-40.7%-27.9%-37.7%-15.3%-29.8%

Price Volatility Vs. Market

How volatile is Heeton Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Heeton Holdings undervalued compared to its fair value and its price relative to the market?

9.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 5DP (SGD0.25) is trading above our estimate of fair value (SGD0.06)

Significantly Below Fair Value: 5DP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 5DP is good value based on its PE Ratio (9.1x) compared to the Real Estate industry average (10.1x).

PE vs Market: 5DP is good value based on its PE Ratio (9.1x) compared to the SG market (10.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 5DP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 5DP is good value based on its PB Ratio (0.3x) compared to the SG Real Estate industry average (0.4x).


Next Steps

Future Growth

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

8.0%

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 Heeton 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.


Next Steps

Past Performance

How has Heeton Holdings performed over the past 5 years?

23.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 5DP has a high level of non-cash earnings.

Growing Profit Margin: 5DP's current net profit margins (20.3%) are lower than last year (32%).


Past Earnings Growth Analysis

Earnings Trend: 5DP's earnings have grown significantly by 23.7% per year over the past 5 years.

Accelerating Growth: 5DP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 5DP had negative earnings growth (-25.2%) over the past year, making it difficult to compare to the Real Estate industry average (-30.5%).


Return on Equity

High ROE: 5DP's Return on Equity (2.7%) is considered low.


Next Steps

Financial Health

How is Heeton Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 5DP's short term assets (SGD201.3M) exceed its short term liabilities (SGD119.3M).

Long Term Liabilities: 5DP's short term assets (SGD201.3M) do not cover its long term liabilities (SGD510.1M).


Debt to Equity History and Analysis

Debt Level: 5DP's debt to equity ratio (136%) is considered high.

Reducing Debt: 5DP's debt to equity ratio has increased from 132% to 136% over the past 5 years.

Debt Coverage: 5DP's debt is not well covered by operating cash flow (1.9%).

Interest Coverage: 5DP's interest payments on its debt are not well covered by EBIT (1x coverage).


Balance Sheet

Inventory Level: 5DP has a high level of physical assets or inventory.

Debt Coverage by Assets: 5DP's debt is not covered by short term assets (assets are 0.3x debt).


Next Steps

Dividend

What is Heeton Holdings's current dividend yield, its reliability and sustainability?

1.84%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 5DP's dividend (1.84%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (3.23%).

High Dividend: 5DP's dividend (1.84%) is low compared to the top 25% of dividend payers in the SG market (7.09%).


Stability and Growth of Payments

Stable Dividend: 5DP's dividend payments have been volatile in the past 10 years.

Growing Dividend: 5DP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.6%), 5DP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Vince Toh (62yo)

0.42

Tenure

Mr. Giap Eng Toh, also known as Vince, has been Executive Deputy Chairman and Interim CEO of Heeton Holdings Ltd. since October 1, 2019. He served as the Chief Executive Officer and Managing Director of  ...


Leadership Team

NamePositionTenureCompensationOwnership
Giap Eng Toh
Executive Deputy Chairman & Interim CEO0.42yrno data12.88% SGD15.4m
Lee Cheng Heng
Chief Financial Officer7.67yrsno datano data
Chin Yiep Hoh
Chief Operating Officer0.42yrno datano data
Yi Loh
Manager of Human Resource & Administration9.67yrsno datano data
Seng Koh
General Manager of Corporate Communications & Investor Relationsno datano datano data
Chun Liu
Managing Director of United Kingdom & Europe1.92yrsno datano data
Bee Leng Chew
Company Secretaryno datano datano data
Enci Eunice Yao
Joint Company Secretary1.42yrsno datano data

1.7yrs

Average Tenure

Experienced Management: 5DP's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Giap Eng Toh
Executive Deputy Chairman & Interim CEO0.42yrno data12.88% SGD15.4m
Chin Hua Chew
Non-Executive Independent Director17.25yrsno data0.011% SGD13.2k
Khai Cheng Toh
Non-Executive Chairmanno datano data6.79% SGD8.1m
Gap Toh
Alternate Director1.92yrsno data5.83% SGD7.0m
Tiong Cheng Tan
Non-Executive Lead Independent Director6.83yrsno data0.0037% SGD4.4k
Kwok Ping Chia
Non-Executive Independent Director7.42yrsno datano data
Heng Chew Teng
Non-Executive & Non Independent Director4.17yrsno data0.062% SGD73.5k
Chuan Lye Tan
Independent Non-Executive Director0.50yrno datano data

4.2yrs

Average Tenure

62yo

Average Age

Experienced Board: 5DP's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 5DP 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

Heeton Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Heeton Holdings Limited
  • Ticker: 5DP
  • Exchange: SGX
  • Founded: 1976
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: S$119.495m
  • Shares outstanding: 487.73m
  • Website: https://www.heeton.com

Location

  • Heeton Holdings Limited
  • No. 01-02, Hong Heng Mansions
  • 60 Sembawang Road
  • Singapore
  • 779088
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
5DPSGX (Singapore Exchange)YesOrdinary SharesSGSGDSep 2003
SSTDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2003

Biography

Heeton Holdings Limited, an investment holding company, operates in the property development and hospitality business in Singapore, Thailand, Australia, Japan, Malaysia, Vietnam, and the United Kingdom. It operates through Property Development, Property Investment, and Hospitality segments. The company engages in the development and sale of private residential properties. It also leases residential, retail, and commercial properties. In addition, the company is involved in the hotel operations and related services; and provision of administrative and management services. It operates 11 hotels. Heeton Holdings Limited was founded in 1976 and is headquartered in Singapore. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 12:53
End of Day Share Price2020/03/25 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.