SGX:B61

Stock Analysis Report

Bukit Sembawang Estates

Executive Summary

Bukit Sembawang Estates Limited, an investment holding company, engages in the property development in Singapore.


Snowflake Analysis

Adequate balance sheet second-rate dividend payer.

Share Price & News

How has Bukit Sembawang Estates's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: B61 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.5%

B61

-4.3%

SG Real Estate

-2.8%

SG Market


1 Year Return

-20.7%

B61

-10.0%

SG Real Estate

-4.7%

SG Market

Return vs Industry: B61 underperformed the SG Real Estate industry which returned -10% over the past year.

Return vs Market: B61 underperformed the SG Market which returned -4.7% over the past year.


Shareholder returns

B61IndustryMarket
7 Day-1.5%-4.3%-2.8%
30 Day-1.3%-3.9%-2.5%
90 Day-7.2%-4.6%-3.3%
1 Year-17.6%-20.7%-7.2%-10.0%-0.8%-4.7%
3 Year-5.9%-16.6%-8.2%-15.4%5.2%-5.9%
5 Year11.4%-13.5%-10.3%-21.8%6.9%-11.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Bukit Sembawang Estates undervalued compared to its fair value and its price relative to the market?

14.73x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: B61 (SGD4.48) is trading above our estimate of fair value (SGD2.98)

Significantly Below Fair Value: B61 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: B61 is poor value based on its PE Ratio (14.7x) compared to the Real Estate industry average (11.1x).

PE vs Market: B61 is poor value based on its PE Ratio (14.7x) compared to the SG market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate B61's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: B61 is overvalued based on its PB Ratio (0.9x) compared to the SG Real Estate industry average (0.5x).


Next Steps

Future Growth

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

1.0%

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 Bukit Sembawang Estates 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 Bukit Sembawang Estates performed over the past 5 years?

-1.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: B61 has high quality earnings.

Growing Profit Margin: B61's current net profit margins (22.3%) are lower than last year (40.3%).


Past Earnings Growth Analysis

Earnings Trend: B61's earnings have declined by -1.8% per year over the past 5 years.

Accelerating Growth: B61's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: B61 had negative earnings growth (-41.6%) over the past year, making it difficult to compare to the Real Estate industry average (-23.1%).


Return on Equity

High ROE: B61's Return on Equity (5.9%) is considered low.


Next Steps

Financial Health

How is Bukit Sembawang Estates's financial position?


Financial Position Analysis

Short Term Liabilities: B61's short term assets (SGD1.6B) exceed its short term liabilities (SGD125.4M).

Long Term Liabilities: B61's short term assets (SGD1.6B) exceed its long term liabilities (SGD417.8M).


Debt to Equity History and Analysis

Debt Level: B61's debt to equity ratio (29%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if B61's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: B61's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: B61's interest payments on its debt are well covered by EBIT (9.7x coverage).


Balance Sheet

Inventory Level: B61 has a low level of unsold assets or inventory.

Debt Coverage by Assets: B61's debt is covered by short term assets (assets are 4.2x debt).


Next Steps

Dividend

What is Bukit Sembawang Estates's current dividend yield, its reliability and sustainability?

4.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: B61's dividend (4.91%) is higher than the bottom 25% of dividend payers in the SG market (2.62%).

High Dividend: B61's dividend (4.91%) is low compared to the top 25% of dividend payers in the SG market (5.69%).


Stability and Growth of Payments

Stable Dividend: B61's dividend payments have been volatile in the past 10 years.

Growing Dividend: B61's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (13.2%), B61's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

5.1yrs

Average board tenure


CEO

Chee Ooi (47yo)

0.4yrs

Tenure

Mr. Chee Eng Ooi serves as Acting Chief Executive Officer of Bukit Sembawang Estates Limited since September 01, 2019. Mr. Eng has been a Chief Financial Officer and Company Secretary at Bukit Sembawang Es ...


Board Members

NamePositionTenureCompensationOwnership
Sim Ho Ong
Independent Director0.5yrsno datano data
Poh Tiong Koh
Independent Non-Executive Chairman2.5yrsS$122.00kno data
Chien Shih Lee
Non-Executive & Non Independent Director20.3yrsS$56.00k0.21% SGD2.5m
Swee Siong Tan
Non-Executive & Independent Director8.5yrsS$90.00kno data
Lee San Fam
Non-Executive & Non-Independent Director5.6yrsS$50.00kno data
Kiong Huat Chng
Non-Executive & Non-Independent Director4.6yrsS$78.00k0.0039% SGD45.6k

5.1yrs

Average Tenure

55yo

Average Age

Experienced Board: B61's board of directors are considered experienced (5.1 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

Bukit Sembawang Estates Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bukit Sembawang Estates Limited
  • Ticker: B61
  • Exchange: SGX
  • Founded: 1911
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: S$1.181b
  • Shares outstanding: 258.91m
  • Website: https://www.bukitsembawang.sg

Location

  • Bukit Sembawang Estates Limited
  • No. 13-01, 2 Bukit Merah Central
  • Singapore
  • 159835
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
B61SGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 1992
B1W1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992

Biography

Bukit Sembawang Estates Limited, an investment holding company, engages in the property development in Singapore. The company operates through Property Development, Investment Holding, and Hospitality segments. It develops and sells residential properties; and holds and manages office buildings. In addition, the company operates serviced apartments. Bukit Sembawang Estates Limited was founded in 1911 and is based in Singapore. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 12:50
End of Day Share Price2020/02/28 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.