APAC Realty
Market Cap
S$174.0m
Last Updated
2020/01/26 13:17 UTC
Data Sources
Company Financials +
Executive Summary
APAC Realty Limited, an investment holding company, provides real estate services in Singapore.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet second-rate dividend payer.
Share Price & News
How has APAC Realty's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CLN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.0%
CLN
-2.1%
SG Real Estate
-1.4%
SG Market
1 Year Return
1.0%
CLN
-1.4%
SG Real Estate
0.7%
SG Market
Return vs Industry: CLN exceeded the SG Real Estate industry which returned -1.2% over the past year.
Return vs Market: CLN matched the SG Market which returned 1% over the past year.
Shareholder returns
| CLN | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.0% | -2.1% | -1.4% |
| 30 Day | -1.0% | 0.6% | 0.3% |
| 90 Day | -5.8% | 3.2% | 1.9% |
| 1 Year | 6.8%1.0% | 1.7%-1.4% | 4.8%0.7% |
| 3 Year | n/a | 4.4%-3.8% | 13.7%1.6% |
| 5 Year | n/a | -2.0%-14.5% | 11.5%-7.2% |
Price Volatility Vs. Market
How volatile is APAC Realty's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Is Now An Opportune Moment To Examine APAC Realty Limited (SGX:CLN)?3 weeks ago | Simply Wall St
Is APAC Realty Limited (SGX:CLN) A Good Dividend Stock?1 month ago | Simply Wall St
What Percentage Of APAC Realty Limited (SGX:CLN) Shares Do Insiders Own?Valuation
Is APAC Realty undervalued compared to its fair value and its price relative to the market?
44.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CLN (SGD0.5) is trading below our estimate of fair value (SGD0.89)
Significantly Below Fair Value: CLN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CLN is poor value based on its PE Ratio (13.9x) compared to the Real Estate industry average (10.3x).
PE vs Market: CLN is poor value based on its PE Ratio (13.9x) compared to the SG market (13.5x).
Price to Earnings Growth Ratio
PEG Ratio: CLN is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: CLN is overvalued based on its PB Ratio (1.3x) compared to the SG Real Estate industry average (0.5x).
Next Steps
Future Growth
How is APAC Realty forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
10.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CLN's forecast earnings growth (10.6% per year) is above the savings rate (1.8%).
Earnings vs Market: CLN's earnings (10.6% per year) are forecast to grow faster than the SG market (6.6% per year).
High Growth Earnings: CLN's earnings are forecast to grow, but not significantly.
Revenue vs Market: CLN's revenue (3.9% per year) is forecast to grow slower than the SG market (5.6% per year).
High Growth Revenue: CLN's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CLN's Return on Equity is forecast to be low in 3 years time (11.4%).
Next Steps
Past Performance
How has APAC Realty performed over the past 5 years?
10.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CLN has high quality earnings.
Growing Profit Margin: CLN's current net profit margins (3.7%) are lower than last year (5.9%).
Past Earnings Growth Analysis
Earnings Trend: CLN's earnings have grown by 10.3% per year over the past 5 years.
Accelerating Growth: CLN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CLN had negative earnings growth (-54.9%) over the past year, making it difficult to compare to the Real Estate industry average (-7.2%).
Return on Equity
High ROE: CLN's Return on Equity (9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is APAC Realty's financial position?
Financial Position Analysis
Short Term Liabilities: CLN's short term assets (SGD102.4M) exceed its short term liabilities (SGD81.7M).
Long Term Liabilities: CLN's short term assets (SGD102.4M) exceed its long term liabilities (SGD60.5M).
Debt to Equity History and Analysis
Debt Level: CLN's debt to equity ratio (39.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if CLN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CLN's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: CLN's interest payments on its debt are well covered by EBIT (14.3x coverage).
Balance Sheet
Inventory Level: CLN has a low level of unsold assets or inventory.
Debt Coverage by Assets: CLN's debt is covered by short term assets (assets are 1.8x debt).
Next Steps
Dividend
What is APAC Realty's current dividend yield, its reliability and sustainability?
10.20%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CLN's dividend (10.1%) is higher than the bottom 25% of dividend payers in the SG market (2.5%).
High Dividend: CLN's dividend (10.1%) is in the top 25% of dividend payers in the SG market (5.41%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CLN has been paying a dividend for less than 10 years.
Growing Dividend: CLN's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (91.3%), CLN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CLN's dividends in 3 years are forecast to be covered by earnings (56.8% payout ratio).
Next Steps
Management
What is the CEO of APAC Realty's salary, the management and board of directors tenure and is there insider trading?
2.3yrs
Average board tenure
CEO
Jack Chua (59yo)
7yrs
Tenure
Mr. Khee Hak Chua, also known as Jack, is an Executive Director at APAC Realty Ltd since September 04, 2017 and its Chief Executive Officer since 2013 and Executive Chairman since July 15, 2019. He joined ...
Board Age and Tenure
2.3yrs
Average Tenure
55yo
Average Age
Experienced Board: CLN's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer Executive Chairman & CEO |
| Shares | 20,000 |
| Max Price | S$0.57 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Raymond Loke
Executive Vice President of Project Marketing
Chee Yong Poh (43yo)
Chief Financial Officer
Jack Chua (59yo)
Executive Chairman & CEO
- Tenure: 7yrs
Eugene Lim (52yo)
Key Executive Officer
- Tenure: 17yrs
Kenny Tan
Senior Vice President of Digital Marketing & Training
Doris Ong
Chief Operating Officer
Marcus Chu
Chief Operating Officer
Yoke Leng Leong
Executive Vice President of Administration & Corporate Sales
Glen Hin
Senior Vice President of Business Development
Jackson Ong
Senior Vice President of Property Management
Board Members
Theng-Fong Hee (64yo)
Non-Executive Independent Director
- Tenure: 2.3yrs
Eugene Wong (51yo)
Independent Non-Executive Director
- Tenure: 0.5yrs
Bong Lin Tan (62yo)
Non-Executive Independent Director
- Tenure: 2.3yrs
Choon Hong Tan (44yo)
Non-Executive Non-Independent Director
- Tenure: 6.5yrs
Jack Chua (59yo)
Executive Chairman & CEO
- Tenure: 7yrs
Tommy Teo (36yo)
Non-Executive Non-Independent Director
- Tenure: 3.3yrs
Desmond Tan
Independent Non-Executive Director
- Tenure: 0.5yrs
Company Information
APAC Realty Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: APAC Realty Limited
- Ticker: CLN
- Exchange: SGX
- Founded: 1982
- Industry: Real Estate Services
- Sector: Real Estate
- Market Cap: S$174.047m
- Shares outstanding: 355.20m
- Website: https://www.apacrealty.com.sg
Number of Employees
Location
- APAC Realty Limited
- No. 03-01 Mountbatten Square
- 229 Mountbatten Road
- Singapore
- 398007
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CLN | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Sep 2017 |
Biography
APAC Realty Limited, an investment holding company, provides real estate services in Singapore. It operates through three segments: Real Estate Brokerage Services; Franchise Arrangements; and Training, Valuation and Other Ancillary Services. The company offers property brokerage services for primary and secondary home sales, as well as for the rental of residential, commercial, and industrial properties under the ERA brand name. It also holds the ERA regional master franchise rights for 17 countries in the Asia Pacific; and franchise rights for Singapore for Coldwell Banker, a real estate office and franchising company in the United States. In addition, the company provides training programs and courses for real estate agents in preparation for professional certification exams; undertakes valuation works on behalf of clients, such as financial institutions, government agencies, and property owners; and provides management services for real estate developments. Further, it engages in the rental of properties, workstations, lockers, and furniture products; and provision of professional indemnity insurance, administration, and business conference services. The company was founded in 1982 and is headquartered in Singapore. APAC Realty Limited is a subsidiary of Asia Pacific Realty Holdings Ltd.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/26 13:17 |
| End of Day Share Price | 2020/01/24 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.