Loading...

LCT Holdings

SGX:BJL
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BJL
SGX
SGD11M
Market Cap
  1. Home
  2. SG
  3. Real Estate
Company description

LCT Holdings Limited, an investment holding company, engages in the property investment and management business in China. The last earnings update was 68 days ago. More info.


Add to Portfolio Compare Print
BJL Share Price and Events
7 Day Returns
-3%
SGX:BJL
0%
SG Real Estate
0.6%
SG Market
1 Year Returns
-36%
SGX:BJL
-7.4%
SG Real Estate
-6.1%
SG Market
BJL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LCT Holdings (BJL) -3% -8.6% -13.5% -36% -61.7% -89%
SG Real Estate 0% 2.7% 6.9% -7.4% 7.2% -4.2%
SG Market 0.6% 3.2% 4.6% -6.1% 10% -2.2%
1 Year Return vs Industry and Market
  • BJL underperformed the Real Estate industry which returned -7.4% over the past year.
  • BJL underperformed the Market in Singapore which returned -6.1% over the past year.
Price Volatility
BJL
Industry
5yr Volatility vs Market

BJL Value

 Is LCT Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of LCT Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for LCT Holdings.

SGX:BJL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:BJL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.099 (1 + (1- 25%) (0%))
1.066
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (1.066 * 5.96%)
8.66%

Discounted Cash Flow Calculation for SGX:BJL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for LCT Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:BJL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.66%)
2019 2.12 Est @ -50.8% 1.95
2020 1.38 Est @ -34.87% 1.17
2021 1.05 Est @ -23.72% 0.82
2022 0.88 Est @ -15.91% 0.63
2023 0.79 Est @ -10.45% 0.52
2024 0.74 Est @ -6.62% 0.45
2025 0.71 Est @ -3.94% 0.40
2026 0.70 Est @ -2.07% 0.36
2027 0.69 Est @ -0.76% 0.33
2028 0.69 Est @ 0.16% 0.30
Present value of next 10 years cash flows CN¥6.93
SGX:BJL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥0.69 × (1 + 2.3%) ÷ (8.66% – 2.3%)
CN¥11.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥11.14 ÷ (1 + 8.66%)10
CN¥4.85
SGX:BJL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥6.93 + CN¥4.85
CN¥11.78
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥11.78 / 35.24
CN¥0.33
SGX:BJL Discount to Share Price
Calculation Result
Exchange Rate CNY/SGD
(Reporting currency to currency of SGX:BJL)
0.202
Value per Share
(SGD)
= Value per Share in CNY x Exchange Rate (CNY/SGD)
= CN¥0.33 x 0.202
SGD0.07
Value per share (SGD) From above. SGD0.07
Current discount Discount to share price of SGD0.32
= -1 x (SGD0.32 - SGD0.07) / SGD0.07
-373.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of LCT Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for LCT Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LCT Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:BJL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.30
SGX:BJL Share Price ** SGX (2019-04-22) in SGD SGD0.32
SGX:BJL Share Price converted to CNY reporting currency Exchange rate (SGD/ CNY) 4.947 CN¥1.58
Singapore Real Estate Industry PE Ratio Median Figure of 38 Publicly-Listed Real Estate Companies 9.39x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of LCT Holdings.

SGX:BJL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:BJL Share Price ÷ EPS (both in CNY)

= 1.58 ÷ 0.30

5.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LCT Holdings is good value based on earnings compared to the SG Real Estate industry average.
  • LCT Holdings is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does LCT Holdings's expected growth come at a high price?
Raw Data
SGX:BJL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
6.5%per year
Singapore Real Estate Industry PEG Ratio Median Figure of 14 Publicly-Listed Real Estate Companies -0.16x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for LCT Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on LCT Holdings's assets?
Raw Data
SGX:BJL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥4.08
SGX:BJL Share Price * SGX (2019-04-22) in SGD SGD0.32
SGX:BJL Share Price converted to CNY reporting currency Exchange rate (SGD/ CNY) 4.947 CN¥1.58
Singapore Real Estate Industry PB Ratio Median Figure of 46 Publicly-Listed Real Estate Companies 0.59x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:BJL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:BJL Share Price ÷ Book Value per Share (both in CNY)

= 1.58 ÷ 4.08

0.39x

* Primary Listing of LCT Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LCT Holdings is good value based on assets compared to the SG Real Estate industry average.
X
Value checks
We assess LCT Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. LCT Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BJL Future Performance

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

  • No analysts cover LCT Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LCT Holdings expected to grow at an attractive rate?
  • LCT Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • LCT Holdings's earnings growth is expected to exceed the Singapore market average.
  • Unable to compare LCT Holdings's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:BJL Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:BJL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 6.5%
Singapore Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -10.1%
Singapore Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.9%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:BJL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:BJL Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 13 4 11
2018-09-30 13 5 10
2018-06-30 12 4 9
2018-03-31 12 3 -8
2017-12-31 11 9 -9
2017-09-30 11 7 -7
2017-06-30 12 8 -6
2017-03-31 12 10 4
2016-12-31 12 -1 1
2016-09-30 18 0 5
2016-06-30 21 -2 6
2016-03-31 24 -3 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LCT Holdings's earnings are expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if LCT Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:BJL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from LCT Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:BJL Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.30
2018-09-30 0.28
2018-06-30 0.26
2018-03-31 -0.23
2017-12-31 -0.25
2017-09-30 -0.20
2017-06-30 -0.18
2017-03-31 0.11
2016-12-31 0.03
2016-09-30 0.15
2016-06-30 0.18
2016-03-31 -0.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if LCT Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess LCT Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
LCT Holdings has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BJL Past Performance

  How has LCT Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare LCT Holdings's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • LCT Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • LCT Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • LCT Holdings has become profitable in the last year making it difficult to compare the SG Real Estate industry average.
Earnings and Revenue History
LCT Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from LCT Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:BJL Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 12.85 10.68 6.21
2018-09-30 12.83 10.03 6.54
2018-06-30 12.22 9.08 6.76
2018-03-31 11.68 -7.98 6.87
2017-12-31 11.19 -8.75 7.32
2017-09-30 11.09 -7.00 7.16
2017-06-30 11.75 -6.20 7.88
2017-03-31 11.84 3.96 7.87
2016-12-31 12.38 1.07 8.65
2016-09-30 17.58 5.42 8.91
2016-06-30 21.43 6.43 9.11
2016-03-31 24.27 -4.16 9.00
2015-12-31 25.35 -0.91 8.32
2015-09-30 23.09 -4.76 8.06
2015-06-30 23.46 -5.00 8.35
2015-03-31 35.90 18.24 9.40
2014-12-31 36.22 18.79 11.38
2014-09-30 33.05 17.39 11.47
2014-06-30 26.05 12.19 11.05
2014-03-31 1,279.23 18.38 72.49
2013-12-31 2,326.42 35.30 130.06
2013-09-30 3,330.71 54.29 195.79
2013-06-30 3,947.95 59.64 245.49
2013-03-31 3,435.79 -36.47 302.51
2012-12-31 2,684.15 -69.26 294.33
2012-09-30 2,251.97 -86.58 281.15
2012-06-30 2,342.10 -94.79 296.86

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • LCT Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • LCT Holdings used its assets more efficiently than the SG Real Estate industry average last year based on Return on Assets.
  • LCT Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess LCT Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
LCT Holdings has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BJL Health

 How is LCT Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up LCT Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • LCT Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • LCT Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of LCT Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • LCT Holdings has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from LCT Holdings Company Filings, last reported 3 months ago.

SGX:BJL Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 143.76 0.00 38.68
2018-09-30 143.54 0.00 38.90
2018-06-30 141.31 0.00 47.74
2018-03-31 130.92 0.00 43.80
2017-12-31 131.81 0.00 44.88
2017-09-30 132.64 0.00 45.00
2017-06-30 133.42 0.00 45.79
2017-03-31 141.31 0.00 45.62
2016-12-31 141.23 0.00 45.78
2016-09-30 128.66 0.00 156.35
2016-06-30 250.33 0.00 70.60
2016-03-31 245.14 0.00 53.73
2015-12-31 248.10 0.00 45.92
2015-09-30 240.52 0.00 45.49
2015-06-30 235.08 0.00 47.01
2015-03-31 251.19 0.00 54.48
2014-12-31 250.37 0.00 48.12
2014-09-30 248.92 0.00 37.61
2014-06-30 685.62 77.85 249.53
2014-03-31 669.36 77.99 208.23
2013-12-31 658.29 67.56 224.35
2013-09-30 629.13 67.90 179.82
2013-06-30 654.44 78.19 186.08
2013-03-31 637.49 20.00 201.58
2012-12-31 618.88 99.03 186.21
2012-09-30 600.75 137.46 245.98
2012-06-30 601.70 167.33 119.01
  • LCT Holdings has no debt.
  • LCT Holdings has no debt compared to 5 years ago when it was 10.3%.
  • LCT Holdings has no debt, it does not need to be covered by operating cash flow.
  • LCT Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess LCT Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. LCT Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BJL Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from LCT Holdings dividends.
If you bought SGD2,000 of LCT Holdings shares you are expected to receive SGD0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate LCT Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate LCT Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:BJL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Singapore Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:BJL Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2012-05-07 0.000 0.000
2012-02-10 0.000 0.000
2011-10-28 0.000 0.000
2011-08-25 0.000 0.000
2011-04-29 0.000 0.000
2011-01-27 0.000 0.000
2010-10-14 1.934 5.408
2010-08-27 1.944 4.979
2010-02-08 1.825 5.718
2009-10-15 1.383 5.321
2009-05-11 1.078 5.512
2009-04-24 1.139 7.194

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as LCT Holdings has not reported any payouts.
  • Unable to verify if LCT Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of LCT Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as LCT Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess LCT Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can LCT Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LCT Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BJL Management

 What is the CEO of LCT Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Junqi Du
AGE 44
TENURE AS CEO 1.6 years
CEO Bio

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.

CEO Compensation
  • Insufficient data for Junqi to compare compensation growth.
  • Insufficient data for Junqi to establish whether their remuneration is reasonable compared to companies of similar size in Singapore.
Management Team Tenure

Average tenure and age of the LCT Holdings management team in years:

1.6
Average Tenure
47
Average Age
  • The average tenure for the LCT Holdings management team is less than 2 years, this suggests a new team.
Management Team

Junqi Du

TITLE
Executive Chairman & CEO
AGE
44
TENURE
1.6 yrs

DH Deng

TITLE
Co-Founder & Non-Executive Director
AGE
47

Luo Haiyan

TITLE
Chief Financial Officer
TENURE
0.8 yrs

Guiping Fu

TITLE
Business Development Director

Qiang Tao

TITLE
Executive Director
AGE
49

Claudia Teo

TITLE
Company Secretary
TENURE
8.3 yrs
Board of Directors Tenure

Average tenure and age of the LCT Holdings board of directors in years:

11.5
Average Tenure
49
Average Age
  • The average tenure for the LCT Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Junqi Du

TITLE
Executive Chairman & CEO
AGE
44
TENURE
1.6 yrs

DH Deng

TITLE
Co-Founder & Non-Executive Director
AGE
47
TENURE
14.2 yrs

Qiang Tao

TITLE
Executive Director
AGE
49
TENURE
14.7 yrs

Yen Tarn See

TITLE
Non-Executive & Independent Director
AGE
61
TENURE
11.5 yrs

David Hwang

TITLE
Non-Executive Independent Director
AGE
69
TENURE
11.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
X
Management checks
We assess LCT Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. LCT Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BJL News

Simply Wall St News

Do Insiders Own Shares In LCT Holdings Limited (SGX:BJL)?

The big shareholder groups in LCT Holdings Limited (SGX:BJL) have power over the company. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … LCT Holdings is a smaller company with a market capitalization of S$13m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Is LCT Holdings Limited's (SGX:BJL) Balance Sheet A Threat To Its Future?

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is BJL right in choosing financial flexibility over lower cost of capital. … Debt funding can be cheaper than issuing new equity due to lower interest cost on debt

Simply Wall St -

Who Owns Most Of LCT Holdings Limited (SGX:BJL)?

Conversely, insiders often decrease their ownership over time. … Taking a look at the our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about BJL

Simply Wall St -

Is LCT Holdings Limited's (SGX:BJL) Balance Sheet Strong Enough To Weather A Storm?

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is BJL growing fast enough to value financial flexibility over lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.

Simply Wall St -

How Does LCT Holdings Limited (SGX:BJL) Affect Your Portfolio Returns?

LCT Holdings has a beta of 1.1, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements. … How BJL's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

Should You Be Concerned About LCT Holdings Limited's (SGX:BJL) Shareholders?

Private Company Ownership Potential investors in BJL should also look at another important group of investors: private companies, with a stake of 0.089%, who are primarily invested because of strategic and capital gain interests. … However, an ownership of this size may be relatively insignificant, meaning that these shareholders may not have the potential to influence BJL's business strategy. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

LCT Holdings Limited (SGX:BJL): Is Real Estate An Attractive Sector Play?

LCT Holdings Limited (SGX:BJL), a $16.21M small-cap, operates in the real estate industry which remains the single largest sector globally, and has continued to play a key role in investor portfolios as an asset class. … Real estate analysts are forecasting for the entire industry, negative growth in the upcoming year , and an overall negative growth rate in the next couple of years. … Although it delivered lower growth relative to its real estate peers in the near term, the market may be pessimistic on the stock, leading to a potential undervaluation.

Simply Wall St -

What You Must Know About LCT Holdings Limited's (SGX:BJL) Financial Health

LCT Holdings Limited (SGX:BJL), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … However, the trade-off is BJL will have to follow strict debt obligations which will reduce its financial flexibility. … Check out our latest analysis for LCT Holdings Is BJL growing fast enough to value financial flexibility over lower cost of capital?

Simply Wall St -

BJL Company Info

Description

LCT Holdings Limited, an investment holding company, engages in the property investment and management business in China. It leases commercial buildings. 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.

Details
Name: LCT Holdings Limited
BJL
Exchange: SGX
Founded: 2002
SGD11,278,246
35,244,520
Website: http://www.longcheerholdings.net
Address: LCT Holdings Limited
Building No. 2,
Floor 9,
Shanghai,
201210,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX BJL Ordinary Shares Singapore Exchange SG SGD 13. May 2005
OTCPK LGCH.F Ordinary Shares Pink Sheets LLC US USD 13. May 2005
DB L5N1 Ordinary Shares Deutsche Boerse AG DE EUR 13. May 2005
Number of employees
Current staff
Staff numbers
0
LCT Holdings employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:43
End of day share price update: 2019/04/22 00:00
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.