| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 1/6 |
| Dividends | 2/6 |
BUOU Stock Overview
Frasers Logistics & Commercial Trust (“FLCT”) is a Singapore-listed real estate investment trust with a portfolio comprising 100 industrial and commercial properties, worth approximately S$6.2 billion, diversified across five major developed markets – Australia, Germany, Singapore, the United Kingdom and the Netherlands.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 34.5% per year for the next 3 years
+ 1 more risk
Frasers Logistics & Commercial Trust Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | S$1.45 |
| 52 Week High | S$1.54 |
| 52 Week Low | S$1.33 |
| Beta | 0.88 |
| 1 Month Change | -2.69% |
| 3 Month Change | -2.69% |
| 1 Year Change | 0.69% |
| 3 Year Change | 36.79% |
| 5 Year Change | 55.08% |
| Change since IPO | 59.34% |
Recent News & Updates
With EPS Growth And More, Frasers Logistics & Commercial Trust (SGX:BUOU) Is Interesting
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Shareholder Returns
| BUOU | SG REITs | SG Market | |
|---|---|---|---|
| 7D | 0% | 0.6% | 0.4% |
| 1Y | 0.7% | -6.3% | 3.7% |
Return vs Industry: BUOU exceeded the SG REITs industry which returned -6.3% over the past year.
Return vs Market: BUOU underperformed the SG Market which returned 3.7% over the past year.
Price Volatility
| BUOU volatility | |
|---|---|
| BUOU Average Weekly Movement | 2.3% |
| REITs Industry Average Movement | 2.3% |
| Market Average Movement | 4.6% |
| 10% most volatile stocks in SG Market | 12.2% |
| 10% least volatile stocks in SG Market | 2.1% |
Stable Share Price: BUOU is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: BUOU's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2015 | 22 | Robert Stuart Claude Wallace | https://www.frasersproperty.com/reits/flct |
Frasers Logistics & Commercial Trust (“FLCT”) is a Singapore-listed real estate investment trust with a portfolio comprising 100 industrial and commercial properties, worth approximately S$6.2 billion, diversified across five major developed markets – Australia, Germany, Singapore, the United Kingdom and the Netherlands. FLCT was listed on the Mainboard of Singapore Exchange Securities Trading Limited (“SGX-ST”) on 20 June 2016 as Frasers Logistics & Industrial Trust and was subsequently renamed Frasers Logistics & Commercial Trust on 29 April 2020 following the completion of a merger with Frasers Commercial Trust. FLCT’s investment strategy is to invest globally in a diversified portfolio of income-producing properties used predominantly for logistics or industrial purposes located globally, or commercial purposes (comprising primarily CBD office space) or business park purposes (comprising primarily non-CBD office space and/or research and development space) located in the Asia-Pacific region or in Europe (including the United Kingdom).
Frasers Logistics & Commercial Trust Fundamentals Summary
| BUOU fundamental statistics | |
|---|---|
| Market Cap | S$5.34b |
| Earnings (TTM) | S$731.11m |
| Revenue (TTM) | S$469.33m |
7.3x
P/E Ratio11.4x
P/S RatioIs BUOU overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BUOU income statement (TTM) | |
|---|---|
| Revenue | S$469.33m |
| Cost of Revenue | S$142.29m |
| Gross Profit | S$327.04m |
| Expenses | -S$404.06m |
| Earnings | S$731.11m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.20 |
| Gross Margin | 69.68% |
| Net Profit Margin | 155.78% |
| Debt/Equity Ratio | 54.6% |
How did BUOU perform over the long term?
See historical performance and comparisonDividends
5.4%
Current Dividend Yield97%
Payout RatioValuation
Is Frasers Logistics & Commercial Trust undervalued compared to its fair value and its price relative to the market?
34.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BUOU (SGD1.45) is trading below our estimate of fair value (SGD2.23)
Significantly Below Fair Value: BUOU is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BUOU is good value based on its PE Ratio (7.3x) compared to the SG REITs industry average (19.7x).
PE vs Market: BUOU is good value based on its PE Ratio (7.3x) compared to the SG market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: BUOU's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BUOU is overvalued based on its PB Ratio (1.2x) compared to the SG REITs industry average (1x).
Future Growth
How is Frasers Logistics & Commercial Trust forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
-34.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BUOU's earnings are forecast to decline over the next 3 years (-34.5% per year).
Earnings vs Market: BUOU's earnings are forecast to decline over the next 3 years (-34.5% per year).
High Growth Earnings: BUOU's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BUOU's revenue (2.9% per year) is forecast to grow slower than the SG market (7.8% per year).
High Growth Revenue: BUOU's revenue (2.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BUOU's Return on Equity is forecast to be low in 3 years time (6.4%).
Past Performance
How has Frasers Logistics & Commercial Trust performed over the past 5 years?
43.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BUOU has a large one-off gain of SGD606.2M impacting its September 30 2021 financial results.
Growing Profit Margin: BUOU's current net profit margins are higher than last year .
Past Earnings Growth Analysis
Earnings Trend: BUOU's earnings have grown significantly by 43.9% per year over the past 5 years.
Accelerating Growth: BUOU's earnings growth over the past year (60.8%) exceeds its 5-year average (43.9% per year).
Earnings vs Industry: BUOU earnings growth over the past year (60.8%) exceeded the REITs industry 11.2%.
Return on Equity
High ROE: BUOU's Return on Equity (16%) is considered low.
Financial Health
How is Frasers Logistics & Commercial Trust's financial position?
Financial Position Analysis
Short Term Liabilities: BUOU's short term assets (SGD181.2M) do not cover its short term liabilities (SGD360.7M).
Long Term Liabilities: BUOU's short term assets (SGD181.2M) do not cover its long term liabilities (SGD2.7B).
Debt to Equity History and Analysis
Debt Level: BUOU's net debt to equity ratio (51.6%) is considered high.
Reducing Debt: BUOU's debt to equity ratio has increased from 39.4% to 54.6% over the past 5 years.
Debt Coverage: BUOU's debt is not well covered by operating cash flow (12%).
Interest Coverage: BUOU's interest payments on its debt are well covered by EBIT (7.1x coverage).
Balance Sheet
Dividend
What is Frasers Logistics & Commercial Trust current dividend yield, its reliability and sustainability?
5.35%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BUOU's dividend (5.35%) is higher than the bottom 25% of dividend payers in the SG market (2%).
High Dividend: BUOU's dividend (5.35%) is low compared to the top 25% of dividend payers in the SG market (5.52%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BUOU has been paying a dividend for less than 10 years.
Growing Dividend: BUOU's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (96.5%), BUOU's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BUOU's dividends in 3 years are not forecast to be well covered by earnings (110.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Robert Stuart Claude Wallace (49 yo)
no data
Tenure
Mr. Robert Stuart Claude Wallace is Chief Executive Officer of Frasers Logistics & Industrial Asset Management Pte. Ltd., is a Manager of Frasers Logistics & Commercial Trust (the "Company"). Prior to join...
Leadership Team
Experienced Management: BUOU's management team is considered experienced (3 years average tenure).
Board Members
Experienced Board: BUOU's board of directors are not considered experienced ( 2.9 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.7%.
Top Shareholders
Company Information
Frasers Logistics & Commercial Trust's employee growth, exchange listings and data sources
Key Information
- Name: Frasers Logistics & Commercial Trust
- Ticker: BUOU
- Exchange: SGX
- Founded: 2015
- Industry: Industrial REITs
- Sector: Real Estate
- Implied Market Cap: S$5.345b
- Shares outstanding: 3.69b
- Website: https://www.frasersproperty.com/reits/flct
Number of Employees
Location
- Frasers Logistics & Commercial Trust
- 438 Alexandra Road
- No. 21-00 Alexandra Point
- Singapore
- 119958
- Singapore
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/20 16:14 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2021/09/30 |
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.