SGX:5PC

Stock Analysis Report

Executive Summary

Goodland Group Limited, an investment holding company, develops real estate properties in Singapore and Malaysia.


Snowflake Analysis

Adequate balance sheet and overvalued.


Similar Companies

Share Price & News

How has Goodland Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-4.9%

5PC

-2.3%

SG Real Estate

-2.0%

SG Market


1 Year Return

-22.2%

5PC

-9.4%

SG Real Estate

-4.8%

SG Market

Return vs Industry: 5PC underperformed the SG Real Estate industry which returned -9.4% over the past year.

Return vs Market: 5PC underperformed the SG Market which returned -4.8% over the past year.


Shareholder returns

5PCIndustryMarket
7 Day-4.9%-2.3%-2.0%
30 Day-7.9%-5.1%-3.4%
90 Day-7.4%-2.4%-2.6%
1 Year-21.0%-22.2%-6.6%-9.4%-1.0%-4.8%
3 Year-32.8%-38.6%-4.9%-12.4%7.5%-3.9%
5 Year-27.4%-35.2%-9.4%-20.9%7.7%-10.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Goodland Group undervalued compared to its fair value and its price relative to the market?

287.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 5PC (SGD0.18) is trading above our estimate of fair value (SGD0.04)

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


Price To Earnings Ratio

PE vs Industry: 5PC is poor value based on its PE Ratio (287.8x) compared to the Real Estate industry average (11.5x).

PE vs Market: 5PC is poor value based on its PE Ratio (287.8x) compared to the SG market (13.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: 5PC is good value based on its PB Ratio (0.3x) compared to the SG Real Estate industry average (0.5x).


Next Steps

Future Growth

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

4.7%

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 Goodland Group 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 Goodland Group performed over the past 5 years?

-18.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 5PC has a large one-off gain of SGD700.6K impacting its September 30 2019 financial results.

Growing Profit Margin: 5PC's current net profit margins (2.7%) are lower than last year (12.9%).


Past Earnings Growth Analysis

Earnings Trend: 5PC's earnings have declined by -18.6% per year over the past 5 years.

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

Earnings vs Industry: 5PC had negative earnings growth (-94.6%) over the past year, making it difficult to compare to the Real Estate industry average (-36.7%).


Return on Equity

High ROE: 5PC's Return on Equity (0.08%) is considered low.


Next Steps

Financial Health

How is Goodland Group's financial position?


Financial Position Analysis

Short Term Liabilities: 5PC's short term assets (SGD255.7M) exceed its short term liabilities (SGD92.4M).

Long Term Liabilities: 5PC's short term assets (SGD255.7M) exceed its long term liabilities (SGD24.5M).


Debt to Equity History and Analysis

Debt Level: 5PC's debt to equity ratio (39.8%) is considered satisfactory.

Reducing Debt: 5PC's debt to equity ratio has reduced from 135.4% to 39.8% over the past 5 years.

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

Interest Coverage: Insufficient data to determine if 5PC's interest payments on its debt are well covered by EBIT.


Balance Sheet

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

Debt Coverage by Assets: 5PC's debt is covered by short term assets (assets are 2.5x debt).


Next Steps

Dividend

What is Goodland Group's current dividend yield, its reliability and sustainability?

1.71%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 5PC's dividend (1.71%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (2.6%).

High Dividend: 5PC's dividend (1.71%) is low compared to the top 25% of dividend payers in the SG market (5.7%).


Stability and Growth of Payments

Stable Dividend: 5PC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 5PC has only been paying a dividend for 8 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (493.4%), 5PC's dividend payments are not 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?

7.0yrs

Average management tenure


CEO

Alvin Tan (50yo)

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 re ...


Leadership Team

NamePositionTenureCompensationOwnership
Chee Beng Tan
Executive Chairman0yrsno data49.22% SGD30.8m
Chee Tiong Tan
CEO, Group MD & Executive Director0yrsno data10.86% SGD6.8m
Swee Liang Hor
CFO & Company Secretary7yrsno datano data
Galon Teologo
Human Resource & Public Relation Officer10.8yrsno datano data
Bee Bee Tan
Executive Director10.5yrsno data5.89% SGD3.7m
Kwee Yee Teo
Company Secretary3.2yrsno datano data

7.0yrs

Average Tenure

49yo

Average Age

Experienced Management: 5PC's management team is seasoned and experienced (7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chee Beng Tan
Executive Chairman0yrsno data49.22% SGD30.8m
Chee Tiong Tan
CEO, Group MD & Executive Director0yrsno data10.86% SGD6.8m
Bee Bee Tan
Executive Director10.5yrsno data5.89% SGD3.7m
Thian Chee Choh
Independent Director1.8yrsno datano data
Chiaw Ching Wu
Independent Director10.5yrsno datano data
Hoong Yip Lye
Independent Director10.5yrsno datano data
You Fook Chong
Lead Independent Director1.5yrsno datano data

10.5yrs

Average Tenure

51yo

Average Age

Experienced Board: 5PC's board of directors are seasoned and experienced ( 10.5 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

Goodland Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Goodland Group Limited
  • Ticker: 5PC
  • Exchange: SGX
  • Founded:
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: S$62.677m
  • Shares outstanding: 360.21m
  • Website: https://www.goodlandgroup.com.sg

Location

  • Goodland Group Limited
  • No. 07-01, Goodland Group Building
  • 3 Kim Chuan Lane
  • Singapore
  • 537069
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
5PCSGX (Singapore Exchange)YesOrdinary SharesSGSGDOct 2009

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 12:58
End of Day Share Price2020/02/25 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.