Loading...

Goodland Group

SGX:5PC
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5PC
SGX
SGD72M
Market Cap
  1. Home
  2. SG
  3. Real Estate
Company description

Goodland Group Limited, an investment holding company, develops real estate properties in Singapore and Malaysia. The last earnings update was 63 days ago. More info.


Add to Portfolio Compare Print
5PC Share Price and Events
7 Day Returns
-2.3%
SGX:5PC
0.9%
SG Real Estate
0.4%
SG Market
1 Year Returns
-27.6%
SGX:5PC
-6.7%
SG Real Estate
-5.9%
SG Market
5PC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Goodland Group (5PC) -2.3% -10.6% -14.3% -27.6% -20.8% -27.6%
SG Real Estate 0.9% 2.4% 7.2% -6.7% 6.6% -3.6%
SG Market 0.4% 3.3% 4.1% -5.9% 8.8% -2.5%
1 Year Return vs Industry and Market
  • 5PC underperformed the Real Estate industry which returned -6.7% over the past year.
  • 5PC underperformed the Market in Singapore which returned -5.9% over the past year.
Price Volatility
5PC
Industry
5yr Volatility vs Market

Value

 Is Goodland Group 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
Here we compare the current share price of Goodland Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Goodland Group.

SGX:5PC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 12%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:5PC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.096 (1 + (1- 17%) (91.94%))
1.625
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.62
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (1.625 * 5.96%)
11.99%

Discounted Cash Flow Calculation for SGX:5PC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Goodland Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:5PC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 11.99%)
2019 19.86 Est @ -4.88% 17.73
2020 19.32 Est @ -2.72% 15.40
2021 19.08 Est @ -1.21% 13.59
2022 19.05 Est @ -0.16% 12.11
2023 19.16 Est @ 0.58% 10.88
2024 19.37 Est @ 1.1% 9.82
2025 19.65 Est @ 1.46% 8.90
2026 19.99 Est @ 1.71% 8.08
2027 20.37 Est @ 1.89% 7.35
2028 20.78 Est @ 2.01% 6.70
Present value of next 10 years cash flows SGD110.57
SGX:5PC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD20.78 × (1 + 2.3%) ÷ (11.99% – 2.3%)
SGD219.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD219.53 ÷ (1 + 11.99%)10
SGD70.77
SGX:5PC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD110.57 + SGD70.77
SGD181.34
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD181.34 / 360.59
SGD0.5
SGX:5PC Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD0.50
Current discount Discount to share price of SGD0.21
= -1 x (SGD0.21 - SGD0.50) / SGD0.50
58.2%

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

Current Discount
Amount off the current price Goodland Group is available for.
Intrinsic value
>50%
Share price is SGD0.21 vs Future cash flow value of SGD0.5029
Current Discount Checks
For Goodland Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Goodland Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Goodland Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Goodland Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Goodland Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:5PC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.02
SGX:5PC Share Price ** SGX (2019-04-18) in SGD SGD0.21
Singapore Real Estate Industry PE Ratio Median Figure of 38 Publicly-Listed Real Estate Companies 9.5x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.07x

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

** Primary Listing of Goodland Group.

SGX:5PC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:5PC Share Price ÷ EPS (both in SGD)

= 0.21 ÷ 0.02

11.58x

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

  • Goodland Group is overvalued based on earnings compared to the SG Real Estate industry average.
  • Goodland Group is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does Goodland Group's expected growth come at a high price?
Raw Data
SGX:5PC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
19.1%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 1.45x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Goodland Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Goodland Group's assets?
Raw Data
SGX:5PC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD0.57
SGX:5PC Share Price * SGX (2019-04-18) in SGD SGD0.21
Singapore Real Estate Industry PB Ratio Median Figure of 46 Publicly-Listed Real Estate Companies 0.58x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:5PC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:5PC Share Price ÷ Book Value per Share (both in SGD)

= 0.21 ÷ 0.57

0.37x

* Primary Listing of Goodland Group.

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

  • Goodland Group is good value based on assets compared to the SG Real Estate industry average.
X
Value checks
We assess Goodland Group'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. Goodland Group has a total score of 4/6, 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 Goodland Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Goodland Group, future earnings growth has been estimated based on fundamentals.
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
19.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Goodland Group expected to grow at an attractive rate?
  • Goodland Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Goodland Group's earnings growth is expected to exceed the Singapore market average.
  • Unable to compare Goodland Group's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:5PC Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:5PC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 19.1%
Singapore Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -10.4%
Singapore Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.6%
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:5PC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:5PC Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 24 21 7
2018-09-30 31 33 5
2018-06-30 46 45 17
2018-03-31 61 58 17
2017-12-31 63 37 12
2017-09-30 70 38 12
2017-06-30 71 40 3
2017-03-31 72 34 -2
2016-12-31 62 26 -4
2016-09-30 52 15 -4
2016-06-30 44 15 -1
2016-03-31 30 2 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Goodland Group's earnings are expected to grow by 19.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Goodland Group is high growth as no revenue estimate data is available.
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:5PC 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 0 Analyst Estimates (S&P Global) See Below

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

SGX:5PC Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.02
2018-09-30 0.02
2018-06-30 0.05
2018-03-31 0.05
2017-12-31 0.03
2017-09-30 0.03
2017-06-30 0.01
2017-03-31 0.00
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 0.00
2016-03-31 0.01

*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 Goodland Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Goodland Group'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.
Goodland Group has a total score of 2/6, 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 Goodland Group 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 Goodland Group'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.
  • Goodland Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Goodland Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Goodland Group's 1-year earnings growth is negative, it can't be compared to the SG Real Estate industry average.
Earnings and Revenue History
Goodland Group'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 Goodland Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:5PC 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 24.31 6.54 5.64
2018-09-30 30.97 5.42 5.63
2018-06-30 45.66 16.56 5.49
2018-03-31 60.51 17.28 5.48
2017-12-31 62.63 12.27 5.43
2017-09-30 69.82 12.14 5.60
2017-06-30 70.61 2.52 5.54
2017-03-31 72.16 -1.55 5.66
2016-12-31 62.23 -3.58 5.79
2016-09-30 52.28 -3.87 5.97
2016-06-30 43.74 -0.72 6.10
2016-03-31 29.73 1.94 5.57
2015-12-31 31.74 2.86 5.28
2015-09-30 35.23 2.97 5.23
2015-06-30 32.62 8.50 4.91
2015-03-31 31.04 16.69 5.12
2014-12-31 28.17 18.87 4.99
2014-09-30 25.30 21.06 4.86
2014-06-30 26.02 18.29 3.98
2014-03-31 26.73 15.53 4.15
2013-12-31 32.02 16.26 4.11
2013-09-30 37.31 16.98 4.07
2013-06-30 48.65 21.00 4.73
2013-03-31 59.98 25.02 5.38
2012-12-31 57.98 24.83 5.15
2012-09-30 55.97 24.65 4.91
2012-06-30 49.74 18.37 4.28

*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.
  • Goodland Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Goodland Group 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 Goodland Group 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 Goodland Group'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.
Goodland Group has a total score of 0/6, 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 Goodland Group'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 Goodland Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Goodland Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Goodland Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Goodland Group'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 covered by short term assets, assets are 3.5x 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 Goodland Group Company Filings, last reported 3 months ago.

SGX:5PC Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 258.71 66.31 6.49
2018-09-30 257.63 64.44 8.82
2018-06-30 258.00 59.06 10.76
2018-03-31 258.79 53.69 8.84
2017-12-31 255.69 91.65 18.00
2017-09-30 251.54 107.08 25.40
2017-06-30 236.88 111.72 26.80
2017-03-31 233.91 118.72 21.57
2016-12-31 237.31 148.89 37.93
2016-09-30 235.42 152.10 30.49
2016-06-30 238.46 153.89 26.18
2016-03-31 246.73 152.89 21.28
2015-12-31 234.87 151.27 19.65
2015-09-30 234.87 151.27 19.65
2015-06-30
2015-03-31 294.20 135.32 16.02
2014-12-31 89.45 121.26 13.02
2014-09-30 89.45 121.26 13.02
2014-06-30 89.45 121.26 13.02
2014-03-31 72.67 118.18 4.70
2013-12-31 72.67 118.18 4.70
2013-09-30 69.31 113.67 5.51
2013-06-30 69.31 113.67 5.51
2013-03-31 57.85 64.05 10.72
2012-12-31 57.85 64.05 10.72
2012-09-30 53.02 81.39 18.72
2012-06-30 53.02 81.39 18.72
  • Goodland Group's level of debt (25.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (162.6% vs 25.6% today).
  • Debt is well covered by operating cash flow (31.7%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Goodland Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Goodland Group'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. Goodland Group has a total score of 5/6, 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 Goodland Group'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
5%
Current annual income from Goodland Group dividends.
If you bought SGD2,000 of Goodland Group shares you are expected to receive SGD100 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?
  • Goodland Group's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.51%).
  • Goodland Group's dividend is below the markets top 25% of dividend payers in Singapore (5.43%).
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:5PC 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 0 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:5PC Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-01-14 0.011 4.702
2018-11-23 0.011 4.378
2018-08-08 0.008 3.081
2018-01-16 0.009 3.353
2017-08-14 0.006 2.413
2017-06-15 0.006 2.355
2017-01-10 0.003 1.125
2016-02-10 0.003 1.195
2015-01-20 0.005 1.682
2014-01-09 0.005 1.714
2013-01-11 0.005 1.315
2011-11-30 0.010 3.749

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

  • Goodland Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Goodland Group only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Goodland Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Goodland Group'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 Goodland Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Goodland Group has a total score of 2/6, 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 Goodland Group'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
Alvin Tan
AGE 49
CEO Bio

Dr. Chee Tiong Tan, also known as Alvin, serves as the Chief Executive Officer and Group Managing Director at Goodland Group Limited at Goodland Global Pte. Ltd. and Goodland Assets Pte. Ltd. Dr. Tan is responsible for the overall management and overseeing the strategic direction at Goodland Global Pte. Ltd. and Goodland Assets Pte. Ltd. Under his leadership, the Group has seen a significant expansion in its holdings, and a substantial increase in capital base. Dr. Tan started his career in the building and construction industry as a Project Coordinator for D & C Builders Pte Ltd., a company involved in renovation and maintenance works for HDB estates and town councils. Dr. Tan served as the Manager of Corporate Finance of Ossia International Ltd. Dr. Tan oversaw the overall accounting functions, tax, treasury and corporate finance of Group. Prior to joining Ossia International Ltd., Dr. Tan served as a Finance Manager of Metalform Asia Pte Ltd. and Chief Accountant of Xpress Holdings Ltd. In January 1993, Dr. Tan became one of the co-founders and directors of Goodland Development, which started as a civil engineering firm involved in public infrastructure projects commissioned by government agencies such as the PUB, NParks and the former Public Roads Department. Dr. Tan continued growing the business of Company to include property development in 1994, initially undertaking smaller-sized design-and-build projects comprising semi-detached bungalows and smaller properties, before going on to undertake the development of high-rise properties from 2003 onwards. Dr. Tan has been an Executive Director at Goodland Group Limited since May 6, 2004. Dr. Tan has been a Director of Goodland Global Pte. Ltd. and Goodland Ventures Pte. Ltd. since July 20, 2011. Dr. Tan has been Director of GLG (Cambodia) Investments Pte. Ltd. since May 14, 2013. Dr. Tan has been a Director of Goodland Assets Pte. Ltd. since November 22, 2011. Dr. Tan serves as a Director of Banyan Housing Development, in charge of Malaysian operations and overseeing the expansion of Group’s business in Malaysia since its incorporation in March 2006. Dr. Tan possesses industry experience in both the construction and property development businesses. Dr. Tan holds a Bachelor of Applied Science (Construction Management) with first class honours from the Royal Melbourne Institute of Technology and a Doctorate in Business Administration from Apollos University, Montana, USA. Dr. Tan holds a Bachelor of Business (Accounting) from Monash University.

CEO Compensation
  • Insufficient data for Alvin to compare compensation growth.
  • Insufficient data for Alvin to establish whether their remuneration is reasonable compared to companies of similar size in Singapore.
Management Team Tenure

Average tenure and age of the Goodland Group management team in years:

6.2
Average Tenure
48
Average Age
  • The average tenure for the Goodland Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ben Tan

TITLE
Executive Chairman
AGE
50

Alvin Tan

TITLE
CEO, Group MD & Executive Director
AGE
49

Kenneth Hor

TITLE
CFO & Company Secretary
AGE
48
TENURE
6.2 yrs

Jennifer Teologo

TITLE
Human Resource & Public Relation Officer
AGE
39
TENURE
10 yrs

Melanie Tan

TITLE
Executive Director
AGE
48

Claudia Teo

TITLE
Company Secretary
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Goodland Group board of directors in years:

9.7
Average Tenure
50
Average Age
  • The tenure for the Goodland Group board of directors is about average.
Board of Directors

Ben Tan

TITLE
Executive Chairman
AGE
50

Alvin Tan

TITLE
CEO, Group MD & Executive Director
AGE
49
TENURE
14.9 yrs

Melanie Tan

TITLE
Executive Director
AGE
48
TENURE
9.7 yrs

Chiaw Ching Wu

TITLE
Independent Director
AGE
61
TENURE
9.7 yrs

Raymond Lye

TITLE
Independent Director
AGE
53
TENURE
9.7 yrs

Charles Chong

TITLE
Lead Independent Director
AGE
64
TENURE
0.7 yrs

Irving Choh

TITLE
Independent Director
AGE
49
TENURE
0.9 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)
X
Management checks
We assess Goodland Group'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. Goodland Group 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

How Financially Strong Is Goodland Group Limited (SGX:5PC)?

While small-cap stocks, such as Goodland Group Limited (SGX:5PC) with its market cap of S$78m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Understanding the company's financial health becomes. … The following basic checks can help you get a picture of the company's balance sheet strength.

Simply Wall St -

What Kind Of Shareholder Owns Most Goodland Group Limited (SGX:5PC) Stock?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Goodland Group is a smaller company with a market capitalization of S$81m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Goodland Group

Simply Wall St -

Here's What Goodland Group Limited's (SGX:5PC) P/E Is Telling Us

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Based on the last twelve months, Goodland Group's P/E ratio is 16.32. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

How Much Of Goodland Group Limited (SGX:5PC) Do Insiders Own?

Every investor in Goodland Group Limited (SGX:5PC) should be aware of the most powerful shareholder groups. … Generally speaking, as a company grows, institutions will increase their ownership. … Goodland Group is not a large company by global standards.

Simply Wall St -

Is Goodland Group Limited's (SGX:5PC) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like Goodland Group Limited (SGX:5PC), with a market cap of S$85m. … However, an important fact which most ignore is: how financially healthy is the business? … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

How Did Goodland Group Limited's (SGX:5PC) 6.42% ROE Fare Against The Industry?

I am writing today to help inform people who are new to the stock market. … With an ROE of 6.42%, Goodland Group Limited (SGX:5PC) returned in-line to its own industry which delivered 6.54% over the past year. … View our latest analysis for Goodland Group

Simply Wall St -

Who Are The Largest Shareholders In Goodland Group Limited (SGX:5PC)?

In this article, I'm going to take a look at Goodland Group Limited’s (SGX:5PC) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … See our latest analysis for Goodland Group … SGX:5PC Ownership Summary July 19th 18

Simply Wall St -

Is Goodland Group Limited's (SGX:5PC) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as Goodland Group Limited (SGX:5PC) with its market cap of S$97.39m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is … since poor capital management may bring about bankruptcies,

Simply Wall St -

Best Undervalued Real Estate Stocks To Buy Now

Goodland Group and SingHaiyi Group are real estate companies that are currently trading below what they’re actually worth. … Goodland Group Limited (SGX:5PC) Goodland Group Limited, an investment holding company, engages in real estate development activities in Singapore and Malaysia. … (SGX:5H0) SingHaiyi Group Ltd., an investment holding company, develops, owns, and manages real estate properties in Singapore, Malaysia, and the United States.

Simply Wall St -

Should You Be Concerned About Goodland Group Limited's (SGX:5PC) Shareholders?

In this article, I'm going to take a look at Goodland Group Limited’s (SGX:5PC) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … See our latest analysis for Goodland Group SGX:5PC Ownership_summary May 15th 18 Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

Company Info

Description

Goodland Group Limited, an investment holding company, develops real estate properties in Singapore and Malaysia. The company operates through Property Development, Construction, Property Investment, and Other segments. It develops and sells properties; constructs residential and commercial properties; and invests in properties and shares. The company also operates as a general building contractor. Goodland Group Limited was incorporated in 1993 and is headquartered in Singapore.

Details
Name: Goodland Group Limited
5PC
Exchange: SGX
Founded: 1993
SGD72,118,983
360,594,918
Website: http://www.goodlandgroup.com.sg
Address: Goodland Group Limited
No. 07-01, Goodland Group Building,
3 Kim Chuan Lane,
Singapore,
537069,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX 5PC Ordinary Shares Singapore Exchange SG SGD 08. Oct 2009
Number of employees
Current staff
Staff numbers
0
Goodland Group employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 12:55
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


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.