SGX:AYB

Stock Analysis Report

Executive Summary

Lafe Corporation Limited, an investment holding company, engages in property investment, development, and agency and consultancy activities in the People's Republic of China.


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

AYB

-1.8%

SG Real Estate

-1.2%

SG Market


1 Year Return

n/a

AYB

-9.2%

SG Real Estate

-4.4%

SG Market

Return vs Industry: Insufficient data to determine how AYB performed against the SG Real Estate industry.

Return vs Market: Insufficient data to determine how AYB performed against the SG Market.


Shareholder returns

AYBIndustryMarket
7 Day0%-1.8%-1.2%
30 Day0%-4.9%-3.1%
90 Day35.4%-2.4%-2.3%
1 Yearn/a-6.5%-9.2%-0.5%-4.4%
3 Year88.4%88.4%-5.3%-12.7%8.0%-3.4%
5 Year-68.3%-68.3%-9.4%-20.9%7.6%-10.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.28x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AYB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AYB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AYB is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

PE vs Market: AYB is unprofitable, so we can't compare its PE Ratio to the SG market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AYB 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 Lafe 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 Lafe 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 Lafe performed over the past 5 years?

44.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AYB is currently unprofitable.

Growing Profit Margin: AYB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AYB is unprofitable, but has reduced losses over the past 5 years at a rate of 44.1% per year.

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

Earnings vs Industry: AYB is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-7.2%).


Return on Equity

High ROE: AYB has a negative Return on Equity (-21.19%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Lafe's financial position?


Financial Position Analysis

Short Term Liabilities: AYB's short term assets ($4.0M) do not cover its short term liabilities ($10.4M).

Long Term Liabilities: AYB's short term assets ($4.0M) exceed its long term liabilities ($2.6M).


Debt to Equity History and Analysis

Debt Level: AYB's debt to equity ratio (12.8%) is considered satisfactory.

Reducing Debt: AYB's debt to equity ratio has reduced from 23.4% to 12.8% over the past 5 years.


Balance Sheet

Inventory Level: AYB has a low level of unsold assets or inventory.

Debt Coverage by Assets: AYB's debt is not covered by short term assets (assets are 0.7x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: AYB has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: AYB has less than a year of cash runway if free cash flow continues to reduce at historical rates of -32.2% each year


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.6%markettop25%5.7%industryaverage3.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate AYB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AYB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AYB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AYB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AYB is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AYB's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

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

5.4yrs

Average board tenure


CEO

Christopher Ho (68yo)

0

Mr. Wing-On Ho, also known as Christopher, is the Chief Executive Officer of Lafe Corporation Ltd since 31st August, 2018. Mr. He serves as Group chief executive officer of Lafe Corporation Ltd. He serves  ...


Board Members

NamePositionTenureCompensationOwnership
Wing-On Ho
CEO & Director0yrsno data76.04% $12.5m
Paul Francis Binney
Executive Finance Director1.1yrsno datano data
Kwok Law
Executive Director of Operations & Executive Director9.1yrsno datano data
Wai Suen
Executive Director of Operations & Executive Director9.1yrsno datano data
Eduard William Helmuth
Chairman1.1yrsno datano data
Kin Yuen
Independent & Non-Executive Director3.4yrsno datano data
Eng Huat Sim
Independent & Non-Executive Director5.4yrsno datano data

5.4yrs

Average Tenure

64yo

Average Age

Experienced Board: AYB's board of directors are considered experienced (5.4 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Lafe Corporation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lafe Corporation Limited
  • Ticker: AYB
  • Exchange: SGX
  • Founded: 1999
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: S$16.467m
  • Shares outstanding: 25.33m
  • Website: https://www.lafecorporation.com

Location

  • Lafe Corporation Limited
  • 119 Emerald Hill Road
  • No. 12-01 Residences at Emerald Hill
  • Singapore
  • 229401
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LAE1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2000
AYBSGX (Singapore Exchange)YesOrdinary SharesSGSGDApr 2000

Biography

Lafe Corporation Limited, an investment holding company, engages in property investment, development, and agency and consultancy activities in the People's Republic of China. It also provides property management and appraisal, building consultancy, corporate administration, security guard, fund management, close protection, cleaning, and employee outsourcing services, as well as engages in trademarks holding activities. The company was incorporated in 1999 and is based in Singapore. Lafe Corporation Limited is a subsidiary of Sino Capital Resources Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/30 12:40
End of Day Share Price2019/07/03 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.