SGX:BJL

Stock Analysis Report

Executive Summary

LCT Holdings Limited, an investment holding company, engages in the property investment and management business in the People’s Republic of China.


Snowflake Analysis

Flawless balance sheet with poor track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

BJL

6.9%

SG Real Estate

5.0%

SG Market


1 Year Return

21.2%

BJL

-29.2%

SG Real Estate

-23.6%

SG Market

Return vs Industry: BJL exceeded the SG Real Estate industry which returned -29.5% over the past year.

Return vs Market: BJL exceeded the SG Market which returned -23.9% over the past year.


Shareholder returns

BJLIndustryMarket
7 Day0%6.9%5.0%
30 Day-13.0%-12.6%-10.8%
90 Day-3.6%-24.6%-22.0%
1 Year21.2%21.2%-26.6%-29.2%-20.4%-23.6%
3 Year-12.1%-12.1%-29.3%-35.3%-14.8%-23.9%
5 Year25.3%-50.0%-27.8%-37.5%-15.4%-29.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

11.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BJL (SGD0.4) is trading above our estimate of fair value (SGD0.04)

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


Price To Earnings Ratio

PE vs Industry: BJL is poor value based on its PE Ratio (11.2x) compared to the Real Estate industry average (10x).

PE vs Market: BJL is poor value based on its PE Ratio (11.2x) compared to the SG market (10.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BJL is overvalued based on its PB Ratio (0.5x) compared to the SG Real Estate industry average (0.4x).


Next Steps

Future Growth

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

8.6%

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 LCT Holdings 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 LCT Holdings performed over the past 5 years?

3.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BJL has a large one-off gain of CN¥8.1M impacting its December 31 2019 financial results.

Growing Profit Margin: BJL's current net profit margins (37.3%) are lower than last year (83.1%).


Past Earnings Growth Analysis

Earnings Trend: BJL's earnings have grown by 3.2% per year over the past 5 years.

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

Earnings vs Industry: BJL had negative earnings growth (-41.5%) over the past year, making it difficult to compare to the Real Estate industry average (-30.5%).


Return on Equity

High ROE: BJL's Return on Equity (4.3%) is considered low.


Next Steps

Financial Health

How is LCT Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: BJL's short term assets (CN¥57.5M) exceed its short term liabilities (CN¥20.7M).

Long Term Liabilities: BJL's short term assets (CN¥57.5M) exceed its long term liabilities (CN¥16.4M).


Debt to Equity History and Analysis

Debt Level: BJL is debt free.

Reducing Debt: BJL had no debt 5 years ago.

Debt Coverage: BJL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BJL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate BJL'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 BJL's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BJL'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?

2.6yrs

Average management tenure


CEO

Junqi Du (45yo)

2.58s

Tenure

Mr. Junqi Du has been an Executive Chairman and Chief Executive Officer of LCT Holdings Limited since September 20, 2017 and as its Executive Director since March 1, 2017. 


Leadership Team

NamePositionTenureCompensationOwnership
Junqi Du
Executive Chairman & CEO2.58yrsno datano data
Hua Deng
Co-Founder & Non-Executive Director15.17yrsno data2.89% CN¥407.6k
Luo Haiyan
Chief Financial Officer1.75yrsno datano data
Guiping Fu
Business Development Directorno datano datano data
Qiang Tao
Executive Director15.67yrsno datano data
Kwee Yee Teo
Company Secretary9.33yrsno datano data

2.6yrs

Average Tenure

48yo

Average Age

Experienced Management: BJL's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Junqi Du
Executive Chairman & CEO2.58yrsno datano data
Hua Deng
Co-Founder & Non-Executive Director15.17yrsno data2.89% CN¥407.6k
Qiang Tao
Executive Director15.67yrsno datano data
Kei Wei Leong
Non-Executive Independent Director0.33yrno datano data
Koh Kew Siong
Non-Executive Independent Director0.33yrno datano data
Ying Shin Lee
Non Executive Independent Director0.42yrno datano data

1.5yrs

Average Tenure

46.5yo

Average Age

Experienced Board: BJL's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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

LCT Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: LCT Holdings Limited
  • Ticker: BJL
  • Exchange: SGX
  • Founded: 2002
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: S$14.098m
  • Shares outstanding: 35.24m
  • Website: https://www.longcheerholdings.net

Location

  • LCT Holdings Limited
  • Building No. 2
  • Floor 9
  • Shanghai
  • 201210
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BJLSGX (Singapore Exchange)YesOrdinary SharesSGSGDMay 2005
L5N1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2005
LGCH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 2005

Biography

LCT Holdings Limited, an investment holding company, engages in the property investment and management business in the People’s Republic of China. It also provides research and experimental development, and value-added services. The company was formerly known as Longcheer Holdings Limited and changed its name to LCT Holdings Limited in September 2016. LCT Holdings Limited was founded in 2002 and is based in Shanghai, China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/09 12:54
End of Day Share Price2020/04/08 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.