IPC Corporation Ltd, an investment holding company, engages in property development and investment activities in Singapore, Japan, and China.
Price History & Performance
|Historical stock prices|
|Current Share Price||S$0.17|
|52 Week High||S$0.12|
|52 Week Low||S$0.21|
|1 Month Change||27.91%|
|3 Month Change||10.74%|
|1 Year Change||39.83%|
|3 Year Change||-54.17%|
|5 Year Change||-70.54%|
|Change since IPO||-99.58%|
Recent News & Updates
Here's Why IPC (SGX:AZA) Can Afford Some Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Would IPC (SGX:AZA) Be Better Off With Less Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
|AZA||SG Real Estate||SG Market|
Return vs Industry: AZA exceeded the SG Real Estate industry which returned 23.6% over the past year.
Return vs Market: AZA exceeded the SG Market which returned 22.2% over the past year.
Stable Share Price: AZA is more volatile than 90% of SG stocks over the past 3 months, typically moving +/- 17% a week.
Volatility Over Time: AZA's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of SG stocks.
About the Company
IPC Corporation Ltd, an investment holding company, engages in property development and investment activities in Singapore, Japan, and China. The company operates through Properties, Hotel Management, Investment, and Other segments. It invests in and resells properties; and provides property consulting services.
IPC Fundamentals Summary
|AZA fundamental statistics|
Is AZA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AZA income statement (TTM)|
|Cost of Revenue||S$12.54m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.13|
|Net Profit Margin||-181.15%|
How did AZA perform over the long term?See historical performance and comparison
Is IPC 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: AZA (SGD0.17) is trading below our estimate of fair value (SGD0.22)
Significantly Below Fair Value: AZA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AZA is unprofitable, so we can't compare its PE Ratio to the SG Real Estate industry average.
PE vs Market: AZA 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 AZA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AZA is good value based on its PB Ratio (0.2x) compared to the SG Real Estate industry average (0.5x).
How is IPC forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 IPC 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.
How has IPC performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AZA is currently unprofitable.
Growing Profit Margin: AZA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AZA is unprofitable, and losses have increased over the past 5 years at a rate of 33.9% per year.
Accelerating Growth: Unable to compare AZA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AZA is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (16.8%).
Return on Equity
High ROE: AZA has a negative Return on Equity (-18.57%), as it is currently unprofitable.
How is IPC's financial position?
Financial Position Analysis
Short Term Liabilities: AZA's short term assets (SGD20.4M) exceed its short term liabilities (SGD7.1M).
Long Term Liabilities: AZA's short term assets (SGD20.4M) exceed its long term liabilities (SGD4.0M).
Debt to Equity History and Analysis
Debt Level: AZA's debt to equity ratio (14.6%) is considered satisfactory.
Reducing Debt: AZA's debt to equity ratio has increased from 11.5% to 14.6% over the past 5 years.
Debt Coverage: AZA's debt is well covered by operating cash flow (23.3%).
Interest Coverage: Insufficient data to determine if AZA's interest payments on its debt are well covered by EBIT.
What is IPC current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AZA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AZA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AZA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AZA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: AZA is not paying a notable dividend for the SG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AZA's dividend in 3 years as they are not forecast to pay a notable one for the SG market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Patrick Ngiam (66 yo)
Dr. Mia Je Ngiam, also known as Patrick, has been the Chairman and Chief Executive Officer of IPC Corporation Ltd since 1992 and serves as Chief Executive Officer of Essex Investment Group. Dr. Ngiam found...
Experienced Management: AZA's management team is seasoned and experienced (29.8 years average tenure).
Experienced Board: AZA's board of directors are seasoned and experienced ( 29.4 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
IPC Corporation Ltd's employee growth, exchange listings and data sources
- Name: IPC Corporation Ltd
- Ticker: AZA
- Exchange: SGX
- Founded: 1985
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: S$14.073m
- Shares outstanding: 85.29m
- Website: https://www.ipc.com.sg
- IPC Corporation Ltd
- Deutsche Telekom Centre
- No. 06-00, 23 Tai Seng Drive
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 15:33|
|End of Day Share Price||2021/10/22 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.