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A30

Aspial SGX:A30 Stock Report

Last Price

S$0.083

Market Cap

S$179.8m

7D

10.7%

1Y

-33.6%

Updated

04 Oct, 2022

Data

Company Financials
A30 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends2/6

A30 Stock Overview

Aspial Corporation Limited, an investment holding company, operates in the real estate, financial service, and jewelry businesses in Singapore, Australia, Malaysia, Hong Kong, Germany, China, and Ireland.

Aspial Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Aspial
Historical stock prices
Current Share PriceS$0.083
52 Week HighS$0.13
52 Week LowS$0.07
Beta0.090
1 Month Change-2.35%
3 Month Change-15.31%
1 Year Change-33.60%
3 Year Change-51.18%
5 Year Change-66.80%
Change since IPO25.82%

Recent News & Updates

Sep 28
Aspial (SGX:A30) Seems To Be Using A Lot Of Debt

Aspial (SGX:A30) Seems To Be Using A Lot Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

A30SG Real EstateSG Market
7D10.7%-4.0%-2.9%
1Y-33.6%-6.4%-3.6%

Return vs Industry: A30 underperformed the SG Real Estate industry which returned -6.4% over the past year.

Return vs Market: A30 underperformed the SG Market which returned -3.6% over the past year.

Price Volatility

Is A30's price volatile compared to industry and market?
A30 volatility
A30 Average Weekly Movementn/a
Real Estate Industry Average Movement3.6%
Market Average Movement4.4%
10% most volatile stocks in SG Market12.3%
10% least volatile stocks in SG Market2.3%

Stable Share Price: Insufficient data to determine A30's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine A30's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1970n/aWee Seng Kohhttps://www.aspial.com

Aspial Corporation Limited, an investment holding company, operates in the real estate, financial service, and jewelry businesses in Singapore, Australia, Malaysia, Hong Kong, Germany, China, and Ireland. It is involved in the provision of pawn broking and secured lending services; and retail and trading of pre-loved jewelry, timepieces, and bags, as well as branded merchandise. The company engages in the jewelry retail business under the brands of Lee Hwa Jewellery, Goldheart, and Niessing; and gold bullion broking and dealing activities.

Aspial Fundamentals Summary

How do Aspial's earnings and revenue compare to its market cap?
A30 fundamental statistics
Market CapS$179.79m
Earnings (TTM)-S$235.00k
Revenue (TTM)S$469.52m

0.4x

P/S Ratio

-830.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
A30 income statement (TTM)
RevenueS$469.52m
Cost of RevenueS$285.38m
Gross ProfitS$184.14m
Other ExpensesS$184.38m
Earnings-S$235.00k

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.0001
Gross Margin39.22%
Net Profit Margin-0.05%
Debt/Equity Ratio229.8%

How did A30 perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

-2,294%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is A30 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A30?

Other financial metrics that can be useful for relative valuation.

A30 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.7x
Enterprise Value/EBITDA47.7x
PEG Ration/a

Price to Sales Ratio vs Peers

How does A30's PS Ratio compare to its peers?

A30 PS Ratio vs Peers
The above table shows the PS ratio for A30 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average6x
Z59 Yoma Strategic Holdings
2xn/aS$223.7m
40V Alset International
9.6xn/aS$129.2m
5IC Sing Holdings
1.3xn/aS$154.4m
5AE Pollux Properties
11.1xn/aS$121.4m
A30 Aspial
0.4xn/aS$179.8m

Price-To-Sales vs Peers: A30 is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (6x).


Price to Earnings Ratio vs Industry

How does A30's PE Ratio compare vs other companies in the SG Real Estate Industry?

Price-To-Sales vs Industry: A30 is good value based on its Price-To-Sales Ratio (0.4x) compared to the SG Real Estate industry average (2.2x)


Price to Sales Ratio vs Fair Ratio

What is A30's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A30 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate A30's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of A30 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A30 (SGD0.08) is trading above our estimate of fair value (SGD0.04)

Significantly Below Fair Value: A30 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-0.9%

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 Aspial 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.


Discover growth companies

  • Take a look at our analysis of A30’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Aspial competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Aspial performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-14.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A30 is currently unprofitable.

Growing Profit Margin: A30 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: A30 is unprofitable, and losses have increased over the past 5 years at a rate of 14.1% per year.

Accelerating Growth: Unable to compare A30's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: A30 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (69%).


Return on Equity

High ROE: A30 has a negative Return on Equity (1.29%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Aspial's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: A30's short term assets (SGD1.0B) exceed its short term liabilities (SGD711.3M).

Long Term Liabilities: A30's short term assets (SGD1.0B) exceed its long term liabilities (SGD486.3M).


Debt to Equity History and Analysis

Debt Level: A30's net debt to equity ratio (220.1%) is considered high.

Reducing Debt: A30's debt to equity ratio has reduced from 329.5% to 229.8% over the past 5 years.

Debt Coverage: A30's debt is not well covered by operating cash flow (1%).

Interest Coverage: A30's interest payments on its debt are not well covered by EBIT (0.6x coverage).


Balance Sheet


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Dividend

What is Aspial current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.01%

Current Dividend Yield

Dividend Yield vs Market

Aspial Dividend Yield vs Market
How does Aspial dividend yield compare to the market?
SegmentDividend Yield
Company (Aspial)3.0%
Market Bottom 25% (SG)2.5%
Market Top 25% (SG)6.6%
Industry Average (Real Estate)3.6%
Analyst forecast in 3 Years (Aspial)n/a

Notable Dividend: A30's dividend (3.01%) is higher than the bottom 25% of dividend payers in the SG market (2.49%).

High Dividend: A30's dividend (3.01%) is low compared to the top 25% of dividend payers in the SG market (6.57%).


Stability and Growth of Payments

Stable Dividend: A30's dividend payments have been volatile in the past 10 years.

Growing Dividend: A30's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: A30 is paying a dividend but the company is unprofitable.


Cash Payout to Shareholders

Cash Flow Coverage: A30 is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

28.2yrs

Average board tenure


CEO

Wee Seng Koh (54 yo)

33yrs

Tenure

Mr. Wee Seng Koh serves as the Chief Executive Officer and Executive Director at Aspial Corporation Limited. Mr. Koh serves as Non-Independent Non-Executive Chairman at AF Global Limited. Mr. Koh served as...


Board Members

Experienced Board: A30's board of directors are seasoned and experienced ( 28.2 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

SGX:A30 Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
27 Oct 21BuyS$2,844,548MLHS Holdings Pte Ltd.Company22,756,501S$0.12

Ownership Breakdown

What is the ownership structure of A30?
Owner TypeNumber of SharesOwnership Percentage
Institutions16,331,2710.8%
General Public370,457,98717.1%
Individual Insiders618,823,39928.6%
Private Companies1,160,581,58853.6%

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


Top Shareholders

Top 12 shareholders own 82.9% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
53.58%
MLHS Holdings Pte Ltd.
1,160,581,588SGD96.3m0%no data
19.02%
Wee Seng Koh
412,098,279SGD34.2m0%no data
2.06%
Sheng Tiong Ng
44,640,487SGD3.7m0%no data
1.76%
Soo Lung Tan
38,212,368SGD3.2m0%no data
1.62%
Su Kiok Tan
35,104,000SGD2.9m0%no data
1.61%
Lee Meng Ko
34,794,752SGD2.9m0%no data
1.43%
Lee Hwee Koh
30,890,888SGD2.6m0%no data
0.75%
Kim Eng Securities Pte. Ltd, Asset Management Arm
16,273,171SGD1.4m0%0.33%
0.55%
Boy Tan
11,845,526SGD983.2k0%no data
0.47%
Seng Kuan Lim
10,131,899SGD840.9k0%no data
0.051%
Bie Tjin Ng
1,105,200SGD91.7k0%no data
0.0027%
Dimensional Fund Advisors LP
58,100SGD4.8k0%no data

Company Information

Aspial Corporation Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Aspial Corporation Limited
  • Ticker: A30
  • Exchange: SGX
  • Founded: 1970
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: S$179.794m
  • Shares outstanding: 2.17b
  • Website: https://www.aspial.com

Location

  • Aspial Corporation Limited
  • Aspial One
  • No. 01-01, 55 Ubi Avenue 3
  • Singapore
  • 408864
  • Singapore


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
A30SGX (Singapore Exchange)YesOrdinary SharesSGSGDJul 1999

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.