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First Sponsor Group

SGX:ADN
Snowflake Description

Solid track record with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ADN
SGX
SGD824M
Market Cap
  1. Home
  2. SG
  3. Real Estate
Company description

First Sponsor Group Limited, an investment holding company, invests in, develops, and sells residential and commercial properties in the People’s Republic of China and the Netherlands. The last earnings update was 3 days ago. More info.


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ADN Share Price and Events
7 Day Returns
-0.8%
SGX:ADN
0.6%
SG Real Estate
0.7%
SG Market
1 Year Returns
-5%
SGX:ADN
-10%
SG Real Estate
-6.9%
SG Market
ADN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
First Sponsor Group (ADN) -0.8% -0.8% -0.8% -5% 14% -
SG Real Estate 0.6% 1.4% 6.7% -10% 10.2% -1.1%
SG Market 0.7% 0.9% 4.9% -6.9% 14.8% -1.8%
1 Year Return vs Industry and Market
  • ADN outperformed the Real Estate industry which returned -10% over the past year.
  • ADN outperformed the Market in Singapore which returned -6.9% over the past year.
Price Volatility
ADN
Industry
5yr Volatility vs Market

ADN Value

 Is First Sponsor 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
  • It is not possible to calculate the future cash flow value for First Sponsor Group. This is due to cash flow or dividend data being unavailable. The share price is SGD1.27.
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 First Sponsor Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are First Sponsor Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:ADN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.17
SGX:ADN Share Price ** SGX (2019-02-14) in SGD SGD1.27
Singapore Real Estate Industry PE Ratio Median Figure of 39 Publicly-Listed Real Estate Companies 9.23x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 11.9x

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

** Primary Listing of First Sponsor Group.

SGX:ADN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.27 ÷ 0.17

7.6x

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

  • First Sponsor Group is good value based on earnings compared to the SG Real Estate industry average.
  • First Sponsor Group is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does First Sponsor Group's expected growth come at a high price?
Raw Data
SGX:ADN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
20%per year
Singapore Real Estate Industry PEG Ratio Median Figure of 16 Publicly-Listed Real Estate Companies -0.13x
Singapore Market PEG Ratio Median Figure of 128 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

SGX:ADN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.6x ÷ 20%

0.38x

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

  • First Sponsor Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on First Sponsor Group's assets?
Raw Data
SGX:ADN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD2.02
SGX:ADN Share Price * SGX (2019-02-14) in SGD SGD1.27
Singapore Real Estate Industry PB Ratio Median Figure of 46 Publicly-Listed Real Estate Companies 0.54x
Singapore Market PB Ratio Median Figure of 434 Publicly-Listed Companies 0.73x
SGX:ADN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.27 ÷ 2.02

0.63x

* Primary Listing of First Sponsor Group.

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

  • First Sponsor Group is overvalued based on assets compared to the SG Real Estate industry average.
X
Value checks
We assess First Sponsor 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. First Sponsor Group has a total score of 3/6, 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.

ADN Future Performance

 How is First Sponsor Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
20%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is First Sponsor Group expected to grow at an attractive rate?
  • First Sponsor Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • First Sponsor Group's earnings growth is expected to exceed the Singapore market average.
  • First Sponsor Group's revenue growth is expected to exceed the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:ADN Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:ADN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 20%
SGX:ADN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 43.7%
Singapore Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -5.4%
Singapore Real Estate Industry Revenue Growth Rate Market Cap Weighted Average -1%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 4.5%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.4%

*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:ADN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:ADN Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 614 -134 173 1
2019-12-31 264 87 164 1
SGX:ADN Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 277 -297 113
2018-09-30 326 -295 95
2018-06-30 337 -168 93
2018-03-31 349 -5 91
2017-12-31 384 37 88
2017-09-30 228 254 119
2017-06-30 245 200 116
2017-03-31 237 108 115
2016-12-31 199 107 113
2016-09-30 276 35 72
2016-06-30 265 11 70
2016-03-31 248 51 69

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • First Sponsor Group's earnings are expected to grow by 20% yearly, however this is not considered high growth (20% yearly).
  • First Sponsor Group's revenue is expected to grow significantly at over 20% yearly.
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:ADN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from First Sponsor Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:ADN Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.26 0.26 0.26 1.00
2019-12-31 0.25 0.25 0.25 1.00
SGX:ADN Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.17
2018-09-30 0.15
2018-06-30 0.14
2018-03-31 0.14
2017-12-31 0.14
2017-09-30 0.18
2017-06-30 0.18
2017-03-31 0.18
2016-12-31 0.17
2016-09-30 0.11
2016-06-30 0.11
2016-03-31 0.11

*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.
  • First Sponsor Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess First Sponsor 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.
First Sponsor Group has a total score of 4/6, 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.

ADN Past Performance

  How has First Sponsor 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 First Sponsor 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.
  • First Sponsor Group has delivered over 20% year on year earnings growth in the past 5 years.
  • First Sponsor Group's 1-year earnings growth exceeds its 5-year average (28% vs 27.2%)
  • First Sponsor Group's earnings growth has exceeded the SG Real Estate industry average in the past year (28% vs 16.9%).
Earnings and Revenue History
First Sponsor 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 First Sponsor Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:ADN Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 277.36 113.01 35.78
2018-09-30 325.69 94.51 34.10
2018-06-30 337.02 92.58 32.69
2018-03-31 348.91 91.17 27.50
2017-12-31 384.39 88.28 29.47
2017-09-30 227.82 118.54 32.07
2017-06-30 245.43 115.85 30.90
2017-03-31 236.78 115.09 32.17
2016-12-31 199.05 113.09 32.64
2016-09-30 275.64 72.09 24.80
2016-06-30 265.24 69.85 26.29
2016-03-31 247.87 68.87 27.69
2015-12-31 214.96 67.36 22.90
2015-09-30 199.13 54.71 29.52
2015-06-30 181.81 52.48 23.69
2015-03-31 158.44 41.61 19.68
2014-12-31 153.21 21.70 22.67
2014-09-30 77.14 11.64 17.80
2014-06-30 110.18 15.70 19.45
2014-03-31 134.26 28.88 18.40
2013-12-31 157.53 47.99 12.92
2012-12-31 148.01 32.27 9.76

*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.
  • First Sponsor Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • First Sponsor Group used its assets more efficiently than the SG Real Estate industry average last year based on Return on Assets.
  • First Sponsor Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess First Sponsor 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.
First Sponsor Group has a total score of 5/6, 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.

ADN Health

 How is First Sponsor 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 First Sponsor Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • First Sponsor Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • First Sponsor Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of First Sponsor 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 1.6x 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 First Sponsor Group Company Filings, last reported 1 month ago.

SGX:ADN Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,323.49 686.73 164.97
2018-09-30 1,266.25 686.52 291.48
2018-06-30 1,292.62 653.42 290.98
2018-03-31 1,119.21 793.26 363.04
2017-12-31 1,086.88 622.80 358.16
2017-09-30 1,049.54 513.68 405.17
2017-06-30 1,026.73 240.98 379.66
2017-03-31 1,018.93 285.68 304.14
2016-12-31 1,029.70 356.64 280.57
2016-09-30 938.45 379.50 130.05
2016-06-30 923.08 388.94 132.16
2016-03-31 953.52 388.92 137.98
2015-12-31 978.10 477.10 112.04
2015-09-30 982.09 275.77 120.30
2015-06-30 930.04 270.61 98.99
2015-03-31 943.15 181.07 76.13
2014-12-31 894.47 83.00 131.80
2014-09-30 851.66 77.48 179.13
2014-06-30 742.49 218.02 261.60
2014-03-31 455.88 0.00 311.15
2013-12-31 455.88 0.00 311.15
2012-12-31 382.22 216.61 97.42
  • First Sponsor Group's level of debt (51.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 51.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 13.3x coverage).
X
Financial health checks
We assess First Sponsor 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. First Sponsor Group has a total score of 3/6, 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.

ADN Dividends

 What is First Sponsor 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
1.81%
Current annual income from First Sponsor Group dividends. Estimated to be 2.1% next year.
If you bought SGD2,000 of First Sponsor Group shares you are expected to receive SGD36 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?
  • First Sponsor Group's pays a lower dividend yield than the bottom 25% of dividend payers in Singapore (2.55%).
  • First Sponsor Group's dividend is below the markets top 25% of dividend payers in Singapore (6.06%).
Upcoming dividend payment

Purchase First Sponsor Group on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:ADN 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 1 Analyst Estimates (S&P Global) See Below
Singapore Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.1%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 288 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.5%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 6.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:ADN Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.03 1.00
2019-12-31 0.03 1.00
SGX:ADN Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-02-13 0.023 1.840
2018-07-27 0.022 1.729
2018-04-06 0.022 1.721
2017-10-24 0.018 1.427
2017-07-25 0.018 1.468
2017-02-07 0.018 1.497
2016-10-26 0.018 1.515
2016-07-26 0.018 1.564
2016-04-26 0.018 1.660
2015-10-26 0.013 1.138
2015-07-24 0.013 1.130
2015-04-09 0.007 0.597

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

  • Whilst dividend payments have been stable, First Sponsor Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but First Sponsor Group only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of First Sponsor Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (9.5x coverage).
X
Income/ dividend checks
We assess First Sponsor Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 First Sponsor Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. First Sponsor 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.

ADN Management

 What is the CEO of First Sponsor 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
Teck Neo
AGE 47
TENURE AS CEO 11.3 years
CEO Bio

Mr. Teck Pheng Neo has been Group Chief Executive Officer and Executive Director of First Sponsor Group Limited since October 1, 2007. Mr. Neo is an Investment Manager of City Developments Limited. Mr. Neo has been at the Hong Leong Investment Holdings Pte. Ltd. group of companies since 1996 in various investment and corporate finance advisory positions. Prior to that, he worked in audit department at KPMG from 1994 to 1996. Mr. Neo served as a Non Executive Director of Thakral Corp. Ltd., from March 23, 2005 to May 5, 2008. He served as Executive Director of HL Global Enterprises Limited (formerly, Lkn-primefield Ltd.) from May 23, 2006 to September 28, 2007 and served as its Non-Executive Director since February 22, 2006. Mr. Neo holds a Bachelor of Accountancy (First Class Honours) from Nanyang Technological University, Singapore and is a non-practising member with the Institute of Certified Public Accountants of Singapore.

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

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

7.3
Average Tenure
47
Average Age
  • The average tenure for the First Sponsor Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Teck Neo

TITLE
Group CEO & Executive Director
AGE
47
TENURE
11.3 yrs

Sau Hun Lee

TITLE
Group Chief Financial Officer
AGE
47
TENURE
7.8 yrs

Gongyi Wang

TITLE
Chief Executive Officer of Chengdu Operations
AGE
62
TENURE
7.3 yrs

Zhen Shu

TITLE
Chief Executive Officer of Guangdong Operations
AGE
52
TENURE
6.5 yrs

Jing Zhang

TITLE
Chief Executive Officer of Shanghai Operations
AGE
45
TENURE
7.3 yrs

Siew Geok Goh

TITLE
Company Secretary
TENURE
1.3 yrs
Board of Directors Tenure

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

4.8
Average Tenure
59
Average Age
  • The tenure for the First Sponsor Group board of directors is about average.
Board of Directors

Calvin Ho

TITLE
Non-Executive Chairman
AGE
66
TENURE
3.8 yrs

Teck Neo

TITLE
Group CEO & Executive Director
AGE
47
TENURE
11.3 yrs

Chia Yee

TITLE
Lead Independent Director
AGE
46
TENURE
4.8 yrs

Joan Maria Ting

TITLE
Non-Executive Independent Director
AGE
62
TENURE
4.8 yrs

Desmond Wee

TITLE
Non-Executive Independent Director
TENURE
2 yrs

Kian Tan

TITLE
Non-Executive Director
AGE
64
TENURE
2 yrs

Alvin Ho

TITLE
Alternate Director
AGE
56
TENURE
4.8 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)
08. Aug 18 Buy Han Ho Individual 07. Aug 18 08. Aug 18 80,000 SGD1.26 SGD100,580
30. Jul 18 Buy Han Khoon Ho Individual 27. Jul 18 30. Jul 18 60,000 SGD1.32 SGD78,147
30. Jul 18 Buy Han Ho Individual 30. Jul 18 30. Jul 18 100,000 SGD1.32 SGD132,000
X
Management checks
We assess First Sponsor 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. First Sponsor 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.

ADN News

Simply Wall St News

Is First Sponsor Group Limited's (SGX:ADN) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as First Sponsor Group Limited (SGX:ADN) with its market cap of S$824m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … since poor capital management may bring about bankruptcies, … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Do You Know What First Sponsor Group Limited's (SGX:ADN) P/E Ratio Means?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … To keep it practical, we'll show how First Sponsor Group Limited's (SGX:ADN) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

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Why I Like First Sponsor Group Limited (SGX:ADN)

First Sponsor Group Limited (SGX:ADN) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … Below, I've touched on some key aspects you should know on a high level.

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Is First Sponsor Group Limited (SGX:ADN) Still A Cheap Real Estate Stock?

operates in the real estate industry … Real estate investments typically display unique and attractive investment characteristics relative to other stocks and bonds, especially over a long time horizon … Real estate analysts are forecasting for the entire industry,

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Best Growth Stocks To Buy This July

Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. … Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. … Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable.

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Is First Sponsor Group Limited (SGX:ADN) A Financially Sound Company?

First Sponsor Group Limited (SGX:ADN) is a small-cap stock with a market capitalization of S$823.97m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is.

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First Sponsor Group Limited (SGX:ADN): Does The Earnings Decline Make It An Underperformer?

In this commentary, I will examine First Sponsor Group Limited's (SGX:ADN) latest earnings update (31 March 2018) and compare these figures against its performance over the past couple of years, as well as how the rest of the real estate industry performed. … Check out our latest analysis for First Sponsor Group? … ADN's trailing twelve-month earnings (from 31 March 2018) of S$91.17m has

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Should You Have First Sponsor Group Limited's (SGX:ADN) In Your Portfolio?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … First Sponsor Group's beta of 0.24 indicates that the stock value will be less variable compared to the whole stock market. … Based on this beta value, ADN appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market.

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Should You Be Tempted To Buy First Sponsor Group Limited (SGX:ADN) Because Of Its PE Ratio?

By comparing a stock’s price per share to its earnings per share, we are able to see how much investors are paying for each dollar of the company’s earnings. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for ADN Price per share = SGD1.26 Earnings per share = SGD0.141 ∴ Price-Earnings Ratio = SGD1.26 ÷ SGD0.141 = 9x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared higher growth firms with ADN, then ADN’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price.

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What You Must Know About First Sponsor Group Limited's (SGX:ADN) Major Investors

Today, I will be analyzing First Sponsor Group Limited’s (SGX:ADN) recent ownership structure, an important but not-so-popular subject among individual investors. … Private Company Ownership Potential investors in ADN should also look at another important group of investors: private companies, with a stake of 47.37%, who are primarily invested because of strategic and capital gain interests. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: With a low level of institutional ownership, investors in ADN need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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ADN Company Info

Map
Description

First Sponsor Group Limited, an investment holding company, invests in, develops, and sells residential and commercial properties in the People’s Republic of China and the Netherlands. The company operates through Property Development, Property Investment, Property Financing, and Hotel Operations segments. It also provides entrusted loans through entrustment banks and vendor financing arrangements in the Netherlands, the People’s Republic of China, and Germany. In addition, the company offers consultancy and management services, as well as owns and operates hotels. First Sponsor Group Limited was incorporated in 2007 and is based in Singapore.

Details
Name: First Sponsor Group Limited
ADN
Exchange: SGX
Founded: 2007
SGD824,328,130
649,077,268
Website: http://www.1st-sponsor.com.sg
Address: First Sponsor Group Limited
Bank of Singapore Centre,
63, Market Street, No. 06-03,
Singapore,
048942,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX ADN Ordinary Shares Singapore Exchange SG SGD 22. Jul 2014
Number of employees
Current staff
Staff numbers
0
First Sponsor Group employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/16 13:01
End of day share price update: 2019/02/14 00:00
Last estimates confirmation: 2019/02/13
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.