Sing Holdings
Market Cap
S$158.4m
Last Updated
2021/03/03 11:05 UTC
Data Sources
Company Financials
Executive Summary
Sing Holdings Limited, an investment holding company, engages in the property development and investment activities in Singapore and Australia. More Details
Rewards
Risk Analysis
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
| 5IC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | 0.6% | 1.1% |
| 30 Day | 6.8% | 1.6% | 1.9% |
| 90 Day | 6.8% | 2.5% | 6.1% |
| 1 Year | 4.3%-1.3% | -7.7%-11.0% | 1.0%-4.0% |
| 3 Year | 4.6%-6.0% | -19.4%-26.5% | -7.1%-18.5% |
| 5 Year | 50.4%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
3 days ago | Simply Wall St
Sing Holdings (SGX:5IC) Seems To Use Debt Quite Sensibly1 month ago | Simply Wall St
Who Has Been Buying Sing Holdings Limited (SGX:5IC) Shares?2 months ago | Simply Wall St
Sing Holdings's (SGX:5IC) Earnings Are Growing But Is There More To The Story?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
- Examine Sing Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Sing Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Executive Director | 12yrs | S$3.01m | 4.35% SGD 6.9m | |
| Chief Financial Officer | 12yrs | no data | no data | |
| Joint Company Secretary | 1.67yrs | no data | no data | |
| Joint Company Secretary | 1.67yrs | no data | no data |
6.8yrs
Average Tenure
Experienced Management: 5IC's management team is seasoned and experienced (6.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Executive Director | 12yrs | S$3.01m | 4.35% SGD 6.9m | |
| Independent Director | 1.17yrs | no data | no data | |
| Non-Executive Chairman | 5.92yrs | S$253.00k | 0.69% SGD 1.1m | |
| Non Executive Independent Director | 4.92yrs | S$58.00k | no data | |
| Independent Director | 9.83yrs | S$58.00k | 0.075% 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 5IC | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Apr 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 11:05 |
| End of Day Share Price | 2021/03/02 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.