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AZA

IPCSGX:AZA Stock Report

Market Cap

S$14.1m

7D

14.6%

1Y

39.8%

Updated

22 Oct, 2021

Data

Company Financials
AZA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

AZA Overview

IPC Corporation Ltd, an investment holding company, engages in property development and investment activities in Singapore, Japan, and China.

Price History & Performance

Summary of all time highs, changes and price drops for IPC
Historical stock prices
Current Share PriceS$0.17
52 Week HighS$0.12
52 Week LowS$0.21
Beta1.28
1 Month Change27.91%
3 Month Change10.74%
1 Year Change39.83%
3 Year Change-54.17%
5 Year Change-70.54%
Change since IPO-99.58%

Recent News & Updates

Aug 04
Here's Why IPC (SGX:AZA) Can Afford Some Debt

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...

Apr 29
Would IPC (SGX:AZA) Be Better Off With Less Debt?

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...

Shareholder Returns

AZASG Real EstateSG Market
7D14.6%0.2%0.4%
1Y39.8%23.6%22.2%

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.

Price Volatility

Is AZA's price volatile compared to industry and market?
AZA volatility
AZA Beta1.28
Industry Beta0.93
Market Beta1

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

FoundedEmployeesCEOWebsite
1985n/aPatrick Ngiamhttps://www.ipc.com.sg

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

How do IPC's earnings and revenue compare to its market cap?
AZA fundamental statistics
Market CapS$14.07m
Earnings (TTM)-S$11.25m
Revenue (TTM)S$6.21m

2.3x

P/S Ratio

-1.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AZA income statement (TTM)
RevenueS$6.21m
Cost of RevenueS$12.54m
Gross Profit-S$6.33m
ExpensesS$4.92m
Earnings-S$11.25m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.13
Gross Margin-101.95%
Net Profit Margin-181.15%
Debt/Equity Ratio14.6%

How did AZA perform over the long term?

See historical performance and comparison

Valuation

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

24.0%

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).


Future Growth

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

17.7%

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 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.


Past Performance

How has IPC performed over the past 5 years?

-33.9%

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.


Financial Health

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.


Balance Sheet


Dividend

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.


Next Steps

Management

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

29.8yrs

Average management tenure


CEO

Patrick Ngiam (66 yo)

29.75yrs

Tenure

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...


Leadership Team

Experienced Management: AZA's management team is seasoned and experienced (29.8 years average tenure).


Board Members

Experienced Board: AZA's board of directors are seasoned and experienced ( 29.4 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

IPC Corporation Ltd's employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • IPC Corporation Ltd
  • Deutsche Telekom Centre
  • No. 06-00, 23 Tai Seng Drive
  • Singapore
  • 535224
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 15:33
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.