SGX:CLN

Stock Analysis Report

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Executive Summary

APAC Realty Limited, an investment holding company, provides real estate services in Singapore. More Details


Snowflake Analysis

Flawless balance sheet, good value and pays a dividend.

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

1.4%

CLN

-1.8%

SG Real Estate

-0.09%

SG Market


1 Year Return

-29.8%

CLN

-24.4%

SG Real Estate

-21.9%

SG Market

Return vs Industry: CLN underperformed the SG Real Estate industry which returned -24.4% over the past year.

Return vs Market: CLN underperformed the SG Market which returned -21.9% over the past year.


Shareholder returns

CLNIndustryMarket
7 Day1.4%-1.8%-0.09%
30 Day9.0%0.6%1.8%
90 Day5.8%-2.1%-1.8%
1 Year-26.0%-29.8%-21.6%-24.4%-17.6%-21.9%
3 Year-52.6%-59.7%-32.1%-38.2%-20.1%-29.8%
5 Yearn/a-15.2%-26.8%-5.0%-22.3%

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

Valuation

Is APAC Realty undervalued compared to its fair value and its price relative to the market?

37.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CLN (SGD0.37) is trading below our estimate of fair value (SGD0.58)

Significantly Below Fair Value: CLN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CLN is good value based on its PE Ratio (7.8x) compared to the SG Real Estate industry average (10.8x).

PE vs Market: CLN is good value based on its PE Ratio (7.8x) compared to the SG market (13.2x).


Price to Earnings Growth Ratio

PEG Ratio: CLN is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: CLN is overvalued based on its PB Ratio (0.8x) 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?

5.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLN's forecast earnings growth (5.1% per year) is above the savings rate (2.2%).

Earnings vs Market: CLN's earnings (5.1% per year) are forecast to grow slower than the SG market (22.1% per year).

High Growth Earnings: CLN's earnings are forecast to grow, but not significantly.

Revenue vs Market: CLN's revenue (2.8% per year) is forecast to grow slower than the SG market (6.7% per year).

High Growth Revenue: CLN's revenue (2.8% 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 (9.1%).


Next Steps

Past Performance

How has APAC Realty performed over the past 5 years?

-0.08%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLN has high quality earnings.

Growing Profit Margin: CLN's current net profit margins (4.4%) are higher than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: CLN's earnings have declined by 0.08% per year over the past 5 years.

Accelerating Growth: CLN's earnings growth over the past year (6.1%) exceeds its 5-year average (-0.08% per year).

Earnings vs Industry: CLN earnings growth over the past year (6.1%) exceeded the Real Estate industry -32.3%.


Return on Equity

High ROE: CLN's Return on Equity (10.8%) is considered low.


Next Steps

Financial Health

How is APAC Realty's financial position?


Financial Position Analysis

Short Term Liabilities: CLN's short term assets (SGD118.8M) exceed its short term liabilities (SGD88.8M).

Long Term Liabilities: CLN's short term assets (SGD118.8M) exceed its long term liabilities (SGD57.2M).


Debt to Equity History and Analysis

Debt Level: CLN's debt to equity ratio (34.7%) is considered satisfactory.

Reducing Debt: CLN's debt to equity ratio has reduced from 40.7% to 34.7% over the past 5 years.

Debt Coverage: CLN's debt is well covered by operating cash flow (36.9%).

Interest Coverage: CLN's interest payments on its debt are well covered by EBIT (18.9x coverage).


Balance Sheet


Next Steps

Dividend

What is APAC Realty current dividend yield, its reliability and sustainability?

5.48%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CLN's dividend (5.48%) is higher than the bottom 25% of dividend payers in the SG market (2.54%).

High Dividend: CLN's dividend (5.48%) is in the top 25% of dividend payers in the SG market (5.36%)


Stability and Growth of Payments

Stable Dividend: CLN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CLN has only been paying a dividend for 3 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.6%), CLN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CLN's dividends in 3 years are forecast to be covered by earnings (51.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average board tenure


CEO

Jack Chua (60 yo)

7.75yrs

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 Members

NamePositionTenureCompensationOwnership
Khee Hak Chua
Executive Chairman & CEO7.75yrsno data0.023%
SGD 29.6k
Hin Sun Wong
Non-Executive Independent Director1.25yrsno datano data
Bong Lin Tan
Non-Executive Independent Director3.08yrsno datano data
Choon Hong Tan
Non-Executive Non-Independent Director7.25yrsno data71.8%
SGD 94.4m
Poh Hong Tan
Non-Executive Independent Directorno datano datano data

2.2yrs

Average Tenure

56yo

Average Age

Experienced Board: CLN's board of directors are not considered experienced ( 2.2 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 not been meaningfully diluted in the past year.


Top Shareholders

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$131.423m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CLNSGX (Singapore Exchange)YesOrdinary SharesSGSGDSep 2017

Biography

APAC Realty Limited, an investment holding company, provides real estate services in Singapore. It operates through Real estate brokerage income, Rental income, and Others segments. The company offers prop ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 12:53
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.