Chip Eng Seng
Market Cap
S$344.7m
Last Updated
2021/02/24 11:08 UTC
Data Sources
Company Financials
Executive Summary
Chip Eng Seng Corporation Ltd, an investment holding company, engages in the construction, property development and investment, and hospitality businesses primarily in Singapore, Australia, Malaysia, and Maldives. More Details
Rewards
Risk Analysis
Snowflake Analysis
Slightly overvalued with imperfect balance sheet.
Share Price & News
How has Chip Eng Seng's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: C29 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: C29's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
3.5%
C29
0.5%
SG Real Estate
-1.3%
SG Market
1 Year Return
-25.8%
C29
-14.8%
SG Real Estate
-9.2%
SG Market
Return vs Industry: C29 underperformed the SG Real Estate industry which returned -14.8% over the past year.
Return vs Market: C29 underperformed the SG Market which returned -9.2% over the past year.
Shareholder returns
| C29 | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.5% | 0.5% | -1.3% |
| 30 Day | 0% | -3.3% | -2.7% |
| 90 Day | 3.5% | 0.4% | 2.9% |
| 1 Year | -20.3%-25.8% | -11.7%-14.8% | -4.5%-9.2% |
| 3 Year | -44.3%-52.9% | -21.6%-28.6% | -10.6%-21.5% |
| 5 Year | -13.4%-34.6% | 4.3%-9.8% | 18.3%-3.3% |
Long-Term Price Volatility Vs. Market
How volatile is Chip Eng Seng's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
What Kind Of Shareholders Hold The Majority In Chip Eng Seng Corporation Ltd's (SGX:C29) Shares?2 months ago | Simply Wall St
A Look At Chip Eng Seng's (SGX:C29) Share Price Returns3 months ago | Simply Wall St
What Type Of Shareholders Make Up Chip Eng Seng Corporation Ltd's (SGX:C29) Share Registry?Valuation
Is Chip Eng Seng undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: C29 (SGD0.45) is trading below our estimate of fair value (SGD6.74)
Significantly Below Fair Value: C29 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: C29 is unprofitable, so we can't compare its PE Ratio to the SG Real Estate industry average.
PE vs Market: C29 is unprofitable, so we can't compare its PE Ratio to the SG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate C29's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: C29's PB Ratio (0.4x) is in line with the SG Real Estate industry average.
Next Steps
Future Growth
How is Chip Eng Seng forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
25.7%
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 Chip Eng Seng 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 C29’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.
- Chip Eng Seng 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 Chip Eng Seng performed over the past 5 years?
-29.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: C29 is currently unprofitable.
Growing Profit Margin: C29 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: C29 is unprofitable, and losses have increased over the past 5 years at a rate of 29.6% per year.
Accelerating Growth: Unable to compare C29's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: C29 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-37.2%).
Return on Equity
High ROE: C29 has a negative Return on Equity (-9.6%), as it is currently unprofitable.
Next Steps
Financial Health
How is Chip Eng Seng's financial position?
Financial Position Analysis
Short Term Liabilities: C29's short term assets (SGD2.2B) exceed its short term liabilities (SGD490.9M).
Long Term Liabilities: C29's short term assets (SGD2.2B) exceed its long term liabilities (SGD1.9B).
Debt to Equity History and Analysis
Debt Level: C29's debt to equity ratio (238.3%) is considered high.
Reducing Debt: C29's debt to equity ratio has increased from 125.7% to 238.3% over the past 5 years.
Debt Coverage: C29's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: Insufficient data to determine if C29's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Chip Eng Seng current dividend yield, its reliability and sustainability?
4.49%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: C29's dividend (4.49%) is higher than the bottom 25% of dividend payers in the SG market (1.99%).
High Dividend: C29's dividend (4.49%) is low compared to the top 25% of dividend payers in the SG market (4.85%).
Stability and Growth of Payments
Stable Dividend: C29's dividend payments have been volatile in the past 10 years.
Growing Dividend: C29's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: C29 is paying a dividend but the company is unprofitable.
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?
3.3yrs
Average management tenure
CEO
Raymond Chia (55 yo)
5yrs
Tenure
Mr. Chia Lee Meng, also known as Raymond, PBM, served as Executive Chairman of Chip Eng Seng Corporation Ltd from May 5, 2016 to October 11, 2018 and has been its Chief Executive Officer and Executive Dire...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 5yrs | no data | 1.9% SGD 6.6m | |
| Executive Director | 3yrs | no data | no data | |
| Chief Financial Officer | 7.5yrs | no data | no data | |
| General Counsel & Company Secretary | no data | no data | no data | |
| General Manager of Marketing | no data | no data | no data | |
| Chief Human Resource Officer | no data | no data | no data | |
| Managing Director of Building Construction Division | 3.5yrs | no data | no data | |
| Managing Director of Precast Division | 2.83yrs | no data | no data | |
| Executive Vice President of Education | no data | no data | no data | |
| Senior Vice President | no data | no data | no data | |
| Senior Vice President | no data | no data | no data | |
| Joint Company Secretary | 1yr | no data | no data |
3.3yrs
Average Tenure
56yo
Average Age
Experienced Management: C29's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 5yrs | no data | 1.9% SGD 6.6m | |
| Executive Director | 3yrs | no data | no data | |
| Independent Director | 3yrs | no data | no data | |
| Independent Non-Executive Director | 1.17yrs | no data | no data | |
| Independent Non-Executive Director | 1.17yrs | no data | no data | |
| Lead Independent Director | 5.25yrs | no data | 0.023% SGD 80.3k | |
| Independent & Non-Executive Director | 2.33yrs | no data | no data | |
| Non-Executive Chairman | 2.33yrs | no data | 36.31% SGD 125.2m | |
| Non-Independent & Non-Executive Director | 1.17yrs | no data | 0.0026% SGD 8.8k | |
| Independent Director | 1yr | no data | no data |
2.3yrs
Average Tenure
61.5yo
Average Age
Experienced Board: C29's board of directors are not considered experienced ( 2.3 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
Chip Eng Seng Corporation Ltd's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Chip Eng Seng Corporation Ltd
- Ticker: C29
- Exchange: SGX
- Founded: 1998
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: S$344.707m
- Shares outstanding: 783.42m
- Website: https://www.chipengseng.com.sg
Location
- Chip Eng Seng Corporation Ltd
- No. 12-01, CES Centre
- 171 Chin Swee Road
- Singapore
- 169877
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| C29 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Nov 1999 |
| QK5 | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | Nov 1999 |
Biography
Chip Eng Seng Corporation Ltd, an investment holding company, engages in the construction, property development and investment, and hospitality businesses primarily in Singapore, Australia, Malaysia, and M...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/24 11:08 |
| End of Day Share Price | 2021/02/24 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.