C29 Stock Overview
Chip Eng Seng Corporation Ltd, an investment holding company, engages in property development, construction, hospitality, property investment, and education businesses.
Chip Eng Seng Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||S$0.54|
|52 Week High||S$0.55|
|52 Week Low||S$0.41|
|1 Month Change||27.06%|
|3 Month Change||20.00%|
|1 Year Change||18.68%|
|3 Year Change||-25.00%|
|5 Year Change||-24.48%|
|Change since IPO||92.86%|
Recent News & Updates
Chip Eng Seng (SGX:C29) Is Due To Pay A Dividend Of S$0.02
The board of Chip Eng Seng Corporation Ltd ( SGX:C29 ) has announced that it will pay a dividend of S$0.02 per share on...
|C29||SG Real Estate||SG Market|
Return vs Industry: C29 exceeded the SG Real Estate industry which returned -3% over the past year.
Return vs Market: C29 exceeded the SG Market which returned -3.4% over the past year.
|C29 Average Weekly Movement||4.1%|
|Real Estate Industry Average Movement||4.1%|
|Market Average Movement||4.9%|
|10% most volatile stocks in SG Market||11.8%|
|10% least volatile stocks in SG Market||2.3%|
Stable Share Price: C29 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: C29's weekly volatility (4%) has been stable over the past year.
About the Company
Chip Eng Seng Corporation Ltd, an investment holding company, engages in property development, construction, hospitality, property investment, and education businesses. The company constructs public housing projects and private projects, such as condominiums and executive condominiums, as well as industrial and commercial projects; develops residential, industrial, commercial, and mixed-use projects, as well as manages development projects. It also engages in leasing and management of investment properties; operates hotels; offers corporate services, treasury functions, and investments in marketable securities; construction and supply of equipment for water and wastewater treatment plants; acquisition of portable containers/structures for rent and provision of related services; building construction and construction project management services; wholesale of construction materials, hardware, plumbing, and heating equipment and supplies; modular building construction In addition, the company manufactures and trades in precast concrete components.
Chip Eng Seng Fundamentals Summary
|C29 fundamental statistics|
Is C29 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|C29 income statement (TTM)|
|Cost of Revenue||S$972.72m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.04|
|Net Profit Margin||-2.82%|
How did C29 perform over the long term?See historical performance and comparison
3.7%Current Dividend Yield
Is C29 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for C29?
Other financial metrics that can be useful for relative valuation.
|What is C29's n/a Ratio?|
Price to Sales Ratio vs Peers
How does C29's PS Ratio compare to its peers?
|C29 PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
Z59 Yoma Strategic Holdings
T24 Tuan Sing Holdings
5JK Hiap Hoe
C29 Chip Eng Seng
Price-To-Sales vs Peers: C29 is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (2.9x).
Price to Earnings Ratio vs Industry
How does C29's PE Ratio compare vs other companies in the SG Real Estate Industry?
Price-To-Sales vs Industry: C29 is good value based on its Price-To-Sales Ratio (0.4x) compared to the SG Real Estate industry average (2.4x)
Price to Sales Ratio vs Fair Ratio
What is C29's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||0.4x|
|Fair PS Ratio||n/a|
Price-To-Sales vs Fair Ratio: Insufficient data to calculate C29's Price-To-Sales Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of C29 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: C29 (SGD0.54) is trading below our estimate of fair value (SGD42.99)
Significantly Below Fair Value: C29 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate C29's PEG Ratio to determine if it is good value.
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How is Chip Eng Seng forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
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How has Chip Eng Seng performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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 51.6% 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 (43.3%).
Return on Equity
High ROE: C29 has a negative Return on Equity (-2.77%), as it is currently unprofitable.
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How is Chip Eng Seng's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: C29's short term assets (SGD1.9B) exceed its short term liabilities (SGD940.1M).
Long Term Liabilities: C29's short term assets (SGD1.9B) exceed its long term liabilities (SGD1.1B).
Debt to Equity History and Analysis
Debt Level: C29's net debt to equity ratio (136.8%) is considered high.
Reducing Debt: C29's debt to equity ratio has increased from 162.3% to 202.2% over the past 5 years.
Debt Coverage: C29's debt is well covered by operating cash flow (33.9%).
Interest Coverage: C29's interest payments on its debt are not well covered by EBIT (1.6x coverage).
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What is Chip Eng Seng current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: C29's dividend (3.7%) is higher than the bottom 25% of dividend payers in the SG market (2.34%).
High Dividend: C29's dividend (3.7%) is low compared to the top 25% of dividend payers in the SG market (6.22%).
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.
Earnings Payout to Shareholders
Earnings Coverage: C29 is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (3%), C29's dividend payments are thoroughly covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Raymond Chia (57 yo)
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...
Experienced Management: C29's management team is considered experienced (2.6 years average tenure).
Experienced Board: C29's board of directors are considered experienced (3.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: C29 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Chip Eng Seng Corporation Ltd's employee growth, exchange listings and data sources
- Name: Chip Eng Seng Corporation Ltd
- Ticker: C29
- Exchange: SGX
- Founded: 1998
- Industry: Real Estate Development
- Sector: Real Estate
- Implied Market Cap: S$423.481m
- Shares outstanding: 784.22m
- Website: https://www.chipengseng.com.sg
Number of Employees
- Chip Eng Seng Corporation Ltd
- No. 12-01, CES Centre
- 171 Chin Swee Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/27 00:00|
|End of Day Share Price||2022/06/27 00:00|
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.