Market Cap
S$430.7m
Last Updated
2020/03/31 12:45 UTC
Data Sources
Company Financials
Executive Summary
GSH Corporation Limited, an investment holding company, engages in the development and sale of properties.
Rewards
Risk Analysis
Snowflake Analysis
Acceptable track record with mediocre balance sheet.
Share Price & News
How has GSH's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BDX's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-6.4%
BDX
5.3%
SG Real Estate
8.2%
SG Market
1 Year Return
-25.4%
BDX
-33.3%
SG Real Estate
-27.3%
SG Market
Return vs Industry: BDX exceeded the SG Real Estate industry which returned -33.3% over the past year.
Return vs Market: BDX exceeded the SG Market which returned -27.3% over the past year.
Shareholder returns
| BDX | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.4% | 5.3% | 8.2% |
| 30 Day | -31.3% | -21.2% | -20.8% |
| 90 Day | -37.1% | -28.5% | -26.4% |
| 1 Year | -25.4%-25.4% | -30.8%-33.3% | -24.2%-27.3% |
| 3 Year | -56.5%-58.5% | -33.0%-38.7% | -20.5%-29.0% |
| 5 Year | -36.3%-39.7% | -30.7%-40.1% | -18.7%-32.6% |
Price Volatility Vs. Market
How volatile is GSH's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
How Does GSH's (SGX:BDX) P/E Compare To Its Industry, After The Share Price Drop?4 days ago | Simply Wall St
GSH (SGX:BDX) Takes On Some Risk With Its Use Of Debt2 weeks ago | Simply Wall St
Have Insiders Been Buying GSH Corporation Limited (SGX:BDX) Shares?Valuation
Is GSH undervalued compared to its fair value and its price relative to the market?
56.7x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BDX (SGD0.22) is trading above our estimate of fair value (SGD0.03)
Significantly Below Fair Value: BDX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BDX is poor value based on its PE Ratio (56.7x) compared to the Real Estate industry average (10.1x).
PE vs Market: BDX is poor value based on its PE Ratio (56.7x) compared to the SG market (10.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BDX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BDX is overvalued based on its PB Ratio (1.1x) compared to the SG Real Estate industry average (0.4x).
Next Steps
Future Growth
How is GSH forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
8.0%
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 GSH 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
- Take a look at our analysis of BDX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- GSH competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
Past Performance
How has GSH performed over the past 5 years?
8.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BDX has a large one-off loss of SGD13.7M impacting its December 31 2019 financial results.
Growing Profit Margin: BDX's current net profit margins (4.9%) are lower than last year (5.9%).
Past Earnings Growth Analysis
Earnings Trend: BDX's earnings have grown by 8.7% per year over the past 5 years.
Accelerating Growth: BDX's earnings growth over the past year (28%) exceeds its 5-year average (8.7% per year).
Earnings vs Industry: BDX earnings growth over the past year (28%) exceeded the Real Estate industry -30.5%.
Return on Equity
High ROE: BDX's Return on Equity (2.1%) is considered low.
Next Steps
Financial Health
How is GSH's financial position?
Financial Position Analysis
Short Term Liabilities: BDX's short term assets (SGD661.2M) exceed its short term liabilities (SGD313.2M).
Long Term Liabilities: BDX's short term assets (SGD661.2M) exceed its long term liabilities (SGD371.3M).
Debt to Equity History and Analysis
Debt Level: BDX's debt to equity ratio (106.6%) is considered high.
Reducing Debt: BDX's debt to equity ratio has reduced from 205.4% to 106.6% over the past 5 years.
Debt Coverage: BDX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BDX's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
Inventory Level: BDX has a high level of physical assets or inventory.
Debt Coverage by Assets: BDX's debt is covered by short term assets (assets are 1.3x debt).
Next Steps
Dividend
What is GSH's current dividend yield, its reliability and sustainability?
1.14%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BDX's dividend (1.14%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (3.27%).
High Dividend: BDX's dividend (1.14%) is low compared to the top 25% of dividend payers in the SG market (7.07%).
Stability and Growth of Payments
Stable Dividend: BDX is not paying a notable dividend for the SG market, therefore no need to check if payments are stable.
Growing Dividend: BDX is not paying a notable dividend for the SG market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: BDX is not paying a notable dividend for the SG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BDX'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?
4.3yrs
Average management tenure
CEO
Gilbert Ee (54yo)
12.83s
Tenure
Mr. Guan Hui Ee, also known as Gilbert, has been the Chief Executive Officer of GSH Corporation Limited. since May 1, 2007. Mr. Ee is responsible for the overall formulation of group strategies and all cor ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 7.67yrs | no data | 59.79% SGD257.5m | |
| CEO & Executive Director | 12.83yrs | no data | 8.1% SGD34.9m | |
| COO & Executive Director | 7.67yrs | no data | no data | |
| Assistant Director of International Sales | no data | no data | no data | |
| Company Secretary | 4.25yrs | no data | no data |
4.3yrs
Average Tenure
54yo
Average Age
Experienced Management: BDX's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 7.67yrs | no data | 59.79% SGD257.5m | |
| CEO & Executive Director | 12.83yrs | no data | 8.1% SGD34.9m | |
| COO & Executive Director | 7.67yrs | no data | no data | |
| Vice Chairman & Lead Independent Director | 7.67yrs | no data | no data | |
| Non-Executive Director | 7.67yrs | no data | no data | |
| Independent Director | 12.42yrs | no data | no data | |
| Independent Director | 7.58yrs | no data | no data | |
| Non-Executive Independent Director | 0.17yr | no data | no data |
7.7yrs
Average Tenure
67yo
Average Age
Experienced Board: BDX's board of directors are considered experienced (7.7 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
GSH Corporation Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: GSH Corporation Limited
- Ticker: BDX
- Exchange: SGX
- Founded: 2001
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: S$430.738m
- Shares outstanding: 1.96b
- Website: https://www.gshcorporation.com
Location
- GSH Corporation Limited
- No. 28-01 PLUS
- 20 Cecil Street
- Singapore
- 49705
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BDX | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Aug 2003 |
| 0J61 | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | Aug 2003 |
Biography
GSH Corporation Limited, an investment holding company, engages in the development and sale of properties. It operates through Hospitality and Property segments. The company is also involved in the rental of investment properties. In addition, it owns the Sutera Harbour Resort comprising two five-star hotels, a 104-berth marina, and 27-hole championship golf course in Kota Kinabalu, Malaysia, as well as Sutera@Mantanani Resort, an idyllic, 30-room resort on the Mantanani Islands in Sabah. Further, the company is involved in the retailing of clothing, souvenirs, and convenience items, as well as provision of upmarket train and facilities management services. It operates in Malaysia and Singapore. The company was formerly known as JEL Corporation (Holdings) Ltd. and changed its name to GSH Corporation Limited in May 2012. GSH Corporation Limited was incorporated in 2001 and is based in Singapore.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 12:45 |
| End of Day Share Price | 2020/03/31 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.