First Sponsor Group Limited, an investment holding company, invests in, develops, and sells residential and commercial properties primarily in the People’s Republic of China and Europe. More Details
Undervalued with excellent balance sheet.
Share Price & News
How has First Sponsor Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ADN is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: ADN's weekly volatility (3%) has been stable over the past year.
7 Day Return
SG Real Estate
1 Year Return
SG Real Estate
Return vs Industry: ADN exceeded the SG Real Estate industry which returned -11% over the past year.
Return vs Market: ADN exceeded the SG Market which returned -4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is First Sponsor Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StFirst Sponsor Group (SGX:ADN) Takes On Some Risk With Its Use Of Debt
2 months ago | Simply Wall StUpdate: First Sponsor Group (SGX:ADN) Stock Gained 14% In The Last Five Years
3 months ago | Simply Wall StFirst Sponsor Group (SGX:ADN) Is Growing Earnings But Are They A Good Guide?
Is First Sponsor Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ADN (SGD1.36) is trading below our estimate of fair value (SGD2.59)
Significantly Below Fair Value: ADN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ADN is good value based on its PE Ratio (11.4x) compared to the SG Real Estate industry average (13.7x).
PE vs Market: ADN is good value based on its PE Ratio (11.4x) compared to the SG market (14.4x).
Price to Earnings Growth Ratio
PEG Ratio: ADN is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: ADN is overvalued based on its PB Ratio (0.7x) compared to the SG Real Estate industry average (0.5x).
How is First Sponsor Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ADN's forecast earnings growth (19.8% per year) is above the savings rate (2%).
Earnings vs Market: ADN's earnings (19.8% per year) are forecast to grow slower than the SG market (25.7% per year).
High Growth Earnings: ADN's earnings are forecast to grow, but not significantly.
Revenue vs Market: ADN's revenue (31.6% per year) is forecast to grow faster than the SG market (9.1% per year).
High Growth Revenue: ADN's revenue (31.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ADN's Return on Equity is forecast to be low in 3 years time (7.8%).
How has First Sponsor Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ADN has high quality earnings.
Growing Profit Margin: ADN's current net profit margins (49.1%) are lower than last year (51.3%).
Past Earnings Growth Analysis
Earnings Trend: ADN's earnings have grown by 15.3% per year over the past 5 years.
Accelerating Growth: ADN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ADN had negative earnings growth (-38.8%) over the past year, making it difficult to compare to the Real Estate industry average (-45.7%).
Return on Equity
High ROE: ADN's Return on Equity (5.8%) is considered low.
How is First Sponsor Group's financial position?
Financial Position Analysis
Short Term Liabilities: ADN's short term assets (SGD1.5B) exceed its short term liabilities (SGD894.8M).
Long Term Liabilities: ADN's short term assets (SGD1.5B) exceed its long term liabilities (SGD782.4M).
Debt to Equity History and Analysis
Debt Level: ADN's debt to equity ratio (44.9%) is considered high.
Reducing Debt: ADN's debt to equity ratio has reduced from 48.6% to 44.9% over the past 5 years.
Debt Coverage: ADN's debt is well covered by operating cash flow (21.6%).
Interest Coverage: ADN's interest payments on its debt are well covered by EBIT (18.5x coverage).
What is First Sponsor Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ADN's dividend (2.28%) is higher than the bottom 25% of dividend payers in the SG market (1.98%).
High Dividend: ADN's dividend (2.28%) is low compared to the top 25% of dividend payers in the SG market (4.79%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ADN has been paying a dividend for less than 10 years.
Growing Dividend: ADN's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25.9%), ADN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ADN's dividends in 3 years are forecast to be well covered by earnings (24.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Teck Neo (49 yo)
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...
|Group CEO & Executive Director||13.42yrs||no data||2.76% |
|Group Chief Financial Officer||9.83yrs||no data||0.14% |
|Chief Executive Officer of Chengdu Operations||9.42yrs||no data||no data|
|Chief Executive Officer of Guangdong Operations||8.58yrs||no data||no data|
|Chief Executive Officer of Shanghai Operations||9.33yrs||no data||no data|
|Company Secretary||3.42yrs||no data||no data|
|Chief Executive Officer of European Operations||1.67yrs||no data||no data|
Experienced Management: ADN's management team is seasoned and experienced (9.3 years average tenure).
|Group CEO & Executive Director||13.42yrs||no data||2.76% |
|Non-Executive Chairman||5.92yrs||no data||0.58% |
|Non-Executive Independent Director||4.08yrs||no data||no data|
|Non-Executive Lead Independent Director||6.83yrs||no data||0.060% |
|Alternate Director||6.83yrs||no data||0.31% |
|Non-Executive Independent Director||6.83yrs||no data||0.020% |
|Non-Executive Director||2yrs||no data||no data|
Experienced Board: ADN's board of directors are considered experienced (6.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ADN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14%.
First Sponsor Group Limited's company bio, employee growth, exchange listings and data sources
- Name: First Sponsor Group Limited
- Ticker: ADN
- Exchange: SGX
- Founded: 2007
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: S$1.251b
- Shares outstanding: 913.02m
- Website: https://www.1st-sponsor.com.sg
Number of Employees
- First Sponsor Group Limited
- No. 06-03 Bank of Singapore Centre
- 63 Market Street
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ADN||SGX (Singapore Exchange)||Yes||Ordinary Shares||SG||SGD||Jul 2014|
First Sponsor Group Limited, an investment holding company, invests in, develops, and sells residential and commercial properties primarily in the People’s Republic of China and Europe. The company operate...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/03/04 11:03|
|End of Day Share Price||2021/03/04 00:00|
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.