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CY6U

Ascendas India Trust SGX:CY6U Stock Report

Last Price

S$1.12

Market Cap

S$1.3b

7D

-2.6%

1Y

-18.8%

Updated

25 May, 2022

Data

Company Financials +
CY6U fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance4/6
Financial Health1/6
Dividends5/6

CY6U Stock Overview

Ascendas India Trust (a-iTrust) was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in August 2007 as the first Indian property trust in Asia.

Ascendas India Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ascendas India Trust
Historical stock prices
Current Share PriceS$1.12
52 Week HighS$1.49
52 Week LowS$1.10
Beta0.53
1 Month Change-12.50%
3 Month Change-4.27%
1 Year Change-18.84%
3 Year Change-11.81%
5 Year Change1.36%
Change since IPO-27.74%

Recent News & Updates

May 09
Is Ascendas India Trust (SGX:CY6U) A Risky Investment?

Is Ascendas India Trust (SGX:CY6U) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

CY6USG Real EstateSG Market
7D-2.6%0.1%-0.4%
1Y-18.8%-3.4%-2.4%

Return vs Industry: CY6U underperformed the SG Real Estate industry which returned -3.4% over the past year.

Return vs Market: CY6U underperformed the SG Market which returned -2.4% over the past year.

Price Volatility

Is CY6U's price volatile compared to industry and market?
CY6U volatility
CY6U Average Weekly Movement3.7%
Real Estate Industry Average Movement4.4%
Market Average Movement5.1%
10% most volatile stocks in SG Market11.9%
10% least volatile stocks in SG Market2.4%

Stable Share Price: CY6U is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CY6U's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004n/aSanjeev Durjhati Prasad Dasguptahttps://www.a-itrust.com

Ascendas India Trust (a-iTrust) was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in August 2007 as the first Indian property trust in Asia. Its principal objective is to own income-producing real estate used primarily as business space in India. a-iTrust may also develop and acquire land or uncompleted developments primarily to be used as business space, with the objective of holding the properties upon completion.

Ascendas India Trust Fundamentals Summary

How do Ascendas India Trust's earnings and revenue compare to its market cap?
CY6U fundamental statistics
Market CapS$1.30b
Earnings (TTM)S$192.29m
Revenue (TTM)S$192.73m

6.7x

P/E Ratio

6.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CY6U income statement (TTM)
RevenueS$192.73m
Cost of RevenueS$36.77m
Gross ProfitS$155.96m
Other Expenses-S$36.33m
EarningsS$192.29m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.17
Gross Margin80.92%
Net Profit Margin99.77%
Debt/Equity Ratio75.0%

How did CY6U perform over the long term?

See historical performance and comparison

Dividends

7.0%

Current Dividend Yield

47%

Payout Ratio

Valuation

Is Ascendas India Trust undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


33.4%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CY6U (SGD1.12) is trading below our estimate of fair value (SGD1.68)

Significantly Below Fair Value: CY6U is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CY6U is good value based on its Price-To-Earnings Ratio (6.7x) compared to the SG Real Estate industry average (10.1x).

PE vs Market: CY6U is good value based on its Price-To-Earnings Ratio (6.7x) compared to the SG market (11.9x).


Price to Earnings Growth Ratio

PEG Ratio: CY6U is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: CY6U is overvalued based on its Price-To-Book Ratio (1x) compared to the SG Real Estate industry average (0.5x).


Future Growth

How is Ascendas India Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CY6U's forecast earnings growth (7.1% per year) is above the savings rate (1.8%).

Earnings vs Market: CY6U's earnings (7.1% per year) are forecast to grow slower than the SG market (11.2% per year).

High Growth Earnings: CY6U's earnings are forecast to grow, but not significantly.

Revenue vs Market: CY6U's revenue (16.2% per year) is forecast to grow faster than the SG market (7.5% per year).

High Growth Revenue: CY6U's revenue (16.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CY6U's Return on Equity is forecast to be low in 3 years time (10.4%).


Past Performance

How has Ascendas India Trust performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CY6U has a large one-off gain of SGD132.4M impacting its December 31 2021 financial results.

Growing Profit Margin: CY6U's current net profit margins (99.8%) are higher than last year (68.2%).


Past Earnings Growth Analysis

Earnings Trend: CY6U's earnings have grown by 2% per year over the past 5 years.

Accelerating Growth: CY6U's earnings growth over the past year (47.1%) exceeds its 5-year average (2% per year).

Earnings vs Industry: CY6U earnings growth over the past year (47.1%) exceeded the Real Estate industry 45.9%.


Return on Equity

High ROE: CY6U's Return on Equity (13.8%) is considered low.


Financial Health

How is Ascendas India Trust's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CY6U's short term assets (SGD266.3M) do not cover its short term liabilities (SGD589.9M).

Long Term Liabilities: CY6U's short term assets (SGD266.3M) do not cover its long term liabilities (SGD1.1B).


Debt to Equity History and Analysis

Debt Level: CY6U's net debt to equity ratio (63.4%) is considered high.

Reducing Debt: CY6U's debt to equity ratio has increased from 60.1% to 75% over the past 5 years.

Debt Coverage: CY6U's debt is not well covered by operating cash flow (13.6%).

Interest Coverage: CY6U earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Ascendas India Trust current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.96%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CY6U's dividend (6.96%) is higher than the bottom 25% of dividend payers in the SG market (2.24%).

High Dividend: CY6U's dividend (6.96%) is in the top 25% of dividend payers in the SG market (5.98%)


Stability and Growth of Payments

Stable Dividend: CY6U's dividend payments have been volatile in the past 10 years.

Growing Dividend: CY6U's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (46.7%), CY6U's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (61.7%), CY6U's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

4.1yrs

Average management tenure


CEO

Sanjeev Durjhati Prasad Dasgupta (53 yo)

7.58yrs

Tenure

Mr. Sanjeev Djurhati Prasad Dasgupta has been the Chief Executive Officer at Ascendas Property Fund Trustee Pte. Ltd., Trustee-Manager of Ascendas India Trust since July 11, 2014. He served as Assistant Ch...


Leadership Team

Experienced Management: CY6U's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: CY6U's board of directors are considered experienced (6 years average tenure).


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

Ascendas India Trust's employee growth, exchange listings and data sources


Key Information

  • Name: Ascendas India Trust
  • Ticker: CY6U
  • Exchange: SGX
  • Founded: 2004
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: S$1.296b
  • Shares outstanding: 1.16b
  • Website: https://www.a-itrust.com

Location

  • Ascendas India Trust
  • 1 Fusionopolis Place
  • No. 10-10, Galaxis
  • Singapore
  • 138522
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.