SGX:5IC

Stock Analysis Report

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Executive Summary

Sing Holdings Limited, an investment holding company, engages in the property development and investment activities in Singapore and Australia. More Details


Snowflake Analysis

Adequate balance sheet second-rate dividend payer.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 5IC is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 5IC's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

1.3%

5IC

0.6%

SG Real Estate

1.1%

SG Market


1 Year Return

-1.3%

5IC

-11.0%

SG Real Estate

-4.0%

SG Market

Return vs Industry: 5IC exceeded the SG Real Estate industry which returned -10.5% over the past year.

Return vs Market: 5IC exceeded the SG Market which returned -3.7% over the past year.


Shareholder returns

5ICIndustryMarket
7 Day1.3%0.6%1.1%
30 Day6.8%1.6%1.9%
90 Day6.8%2.5%6.1%
1 Year4.3%-1.3%-7.7%-11.0%1.0%-4.0%
3 Year4.6%-6.0%-19.4%-26.5%-7.1%-18.5%
5 Year50.4%25.4%3.1%-10.9%17.0%-4.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

9.56x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 5IC (SGD0.4) is trading above our estimate of fair value (SGD0.12)

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


Price To Earnings Ratio

PE vs Industry: 5IC is good value based on its PE Ratio (9.6x) compared to the SG Real Estate industry average (13.7x).

PE vs Market: 5IC is good value based on its PE Ratio (9.6x) compared to the SG market (14.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: 5IC's PB Ratio (0.5x) is in line with the SG Real Estate industry average.


Next Steps

Future Growth

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

46.4%

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 Sing 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 Sing Holdings performed over the past 5 years?

3.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 5IC has high quality earnings.

Growing Profit Margin: 5IC's current net profit margins (9.6%) are lower than last year (14.3%).


Past Earnings Growth Analysis

Earnings Trend: 5IC's earnings have grown by 3.2% per year over the past 5 years.

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

Earnings vs Industry: 5IC had negative earnings growth (-63.4%) over the past year, making it difficult to compare to the Real Estate industry average (-45.7%).


Return on Equity

High ROE: 5IC's Return on Equity (7.9%) is considered low.


Next Steps

Financial Health

How is Sing Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 5IC's short term assets (SGD453.9M) exceed its short term liabilities (SGD173.0M).

Long Term Liabilities: 5IC's short term assets (SGD453.9M) exceed its long term liabilities (SGD29.9M).


Debt to Equity History and Analysis

Debt Level: 5IC's debt to equity ratio (45.4%) is considered high.

Reducing Debt: 5IC's debt to equity ratio has reduced from 50.1% to 45.4% over the past 5 years.

Debt Coverage: 5IC's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 5IC's interest payments on its debt are well covered by EBIT (43.9x coverage).


Balance Sheet


Next Steps

Dividend

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

2.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 5IC's dividend (2.53%) is higher than the bottom 25% of dividend payers in the SG market (2%).

High Dividend: 5IC's dividend (2.53%) is low compared to the top 25% of dividend payers in the SG market (4.71%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.2%), 5IC'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?

6.8yrs

Average management tenure


CEO

Sze Hao Lee (57 yo)

12yrs

Tenure

S$3,011,663

Compensation

Mr. Sze Hao Lee has been the Chief Executive Officer of Sing Holdings Limited since 2009. Mr. Lee has been Managing Director of Sing Holdings Ltd. since March 1, 2001. He has many years of experience in re...


CEO Compensation Analysis

Compensation vs Market: Sze Hao's total compensation ($USD2.26M) is above average for companies of similar size in the SG market ($USD387.56K).

Compensation vs Earnings: Sze Hao's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Sze Hao Lee
CEO, MD & Executive Director12yrsS$3.01m4.35%
SGD 6.9m
Puay Kuan Tay
Chief Financial Officer12yrsno datano data
Beng Hong Ong
Joint Company Secretary1.67yrsno datano data
Yuan Lee
Joint Company Secretary1.67yrsno datano data

6.8yrs

Average Tenure

Experienced Management: 5IC's management team is seasoned and experienced (6.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sze Hao Lee
CEO, MD & Executive Director12yrsS$3.01m4.35%
SGD 6.9m
Wee Yong Yeong
Independent Director1.17yrsno datano data
Sze Leong Lee
Non-Executive Chairman5.92yrsS$253.00k0.69%
SGD 1.1m
Tong Guan Tan
Non Executive Independent Director4.92yrsS$58.00kno data
Loke Min Ong
Independent Director9.83yrsS$58.00k0.075%
SGD 118.5k

5.9yrs

Average Tenure

61yo

Average Age

Experienced Board: 5IC's board of directors are considered experienced (5.9 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Sing Holdings Limited
  • Ticker: 5IC
  • Exchange: SGX
  • Founded: 1964
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: S$158.393m
  • Shares outstanding: 400.99m
  • Website: https://www.singholdings.com

Location

  • Sing Holdings Limited
  • No. 10-01 SIF Building
  • 96 Robinson Road
  • Singapore
  • 68899
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
5ICSGX (Singapore Exchange)YesOrdinary SharesSGSGDApr 2006

Biography

Sing Holdings Limited, an investment holding company, engages in the property development and investment activities in Singapore and Australia. It operates through two segments, Property Development and Pr...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 11:05
End of Day Share Price2021/03/02 00:00
Earnings2020/12/31
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.