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F17

GuocoLandSGX:F17 Stock Report

Market Cap

S$1.9b

7D

2.4%

1Y

9.7%

Updated

17 Oct, 2021

Data

Company Financials
F17 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends2/6

F17 Overview

GuocoLand Limited, an investment holding company, invests, develops, and manages various properties.

Price History & Performance

Summary of all time highs, changes and price drops for GuocoLand
Historical stock prices
Current Share PriceS$1.70
52 Week HighS$1.41
52 Week LowS$1.75
Beta0.68
1 Month Change3.66%
3 Month Change8.28%
1 Year Change9.68%
3 Year Change-8.60%
5 Year Change-15.84%
Change since IPO-68.52%

Recent News & Updates

May 03
GuocoLand (SGX:F17) Seems To Be Using A Lot Of Debt

GuocoLand (SGX:F17) Seems To Be Using A Lot Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Feb 15
If You Had Bought GuocoLand's (SGX:F17) Shares Three Years Ago You Would Be Down 26%

If You Had Bought GuocoLand's (SGX:F17) Shares Three Years Ago You Would Be Down 26%

As an investor its worth striving to ensure your overall portfolio beats the market average. But its virtually certain...

Shareholder Returns

F17SG Real EstateSG Market
7D2.4%1.6%2.0%
1Y9.7%21.5%21.6%

Return vs Industry: F17 underperformed the SG Real Estate industry which returned 21.5% over the past year.

Return vs Market: F17 underperformed the SG Market which returned 21.6% over the past year.

Price Volatility

Is F17's price volatile compared to industry and market?
F17 volatility
F17 Beta0.68
Industry Beta0.93
Market Beta1

Stable Share Price: F17 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: F17's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1976n/aZheng Xinyao Chenghttps://www.guocoland.com.sg

GuocoLand Limited, an investment holding company, invests, develops, and manages various properties. It operates through GuocoLand Singapore, GuocoLand China, GuocoLand Malaysia, GuocoLand Vietnam, and Others segments. The company develops residential, hospitality, commercial, retail, mixed-use, and integrated properties; rents properties; and operates and manages hotels.

GuocoLand Fundamentals Summary

How do GuocoLand's earnings and revenue compare to its market cap?
F17 fundamental statistics
Market CapS$1.89b
Earnings (TTM)S$152.67m
Revenue (TTM)S$853.73m

12.4x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
F17 income statement (TTM)
RevenueS$853.73m
Cost of RevenueS$585.29m
Gross ProfitS$268.44m
ExpensesS$115.77m
EarningsS$152.67m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.14
Gross Margin31.44%
Net Profit Margin17.88%
Debt/Equity Ratio117.7%

How did F17 perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

44%

Payout Ratio

Does F17 pay a reliable dividends?

See F17 dividend history and benchmarks
When do you need to buy F17 by to receive an upcoming dividend?
GuocoLand dividend dates
Ex Dividend DateNov 05 2021
Dividend Pay DateNov 25 2021
Days until Ex dividend18 days
Days until Dividend pay date38 days

Does F17 pay a reliable dividends?

See F17 dividend history and benchmarks

Valuation

Is GuocoLand 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: F17 (SGD1.7) is trading below our estimate of fair value (SGD4.45)

Significantly Below Fair Value: F17 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: F17 is good value based on its PE Ratio (12.4x) compared to the SG Real Estate industry average (14.1x).

PE vs Market: F17 is good value based on its PE Ratio (12.4x) compared to the SG market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate F17's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: F17's PB Ratio (0.4x) is in line with the SG Real Estate industry average.


Future Growth

How is GuocoLand forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.7%

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 GuocoLand 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.


Past Performance

How has GuocoLand performed over the past 5 years?

-22.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: F17 has a large one-off gain of SGD72.4M impacting its June 30 2021 financial results.

Growing Profit Margin: F17's current net profit margins (17.9%) are higher than last year (10.1%).


Past Earnings Growth Analysis

Earnings Trend: F17's earnings have declined by 22.1% per year over the past 5 years.

Accelerating Growth: F17's earnings growth over the past year (61.6%) exceeds its 5-year average (-22.1% per year).

Earnings vs Industry: F17 earnings growth over the past year (61.6%) exceeded the Real Estate industry 16.8%.


Return on Equity

High ROE: F17's Return on Equity (4.1%) is considered low.


Financial Health

How is GuocoLand's financial position?


Financial Position Analysis

Short Term Liabilities: F17's short term assets (SGD5.3B) exceed its short term liabilities (SGD1.4B).

Long Term Liabilities: F17's short term assets (SGD5.3B) exceed its long term liabilities (SGD4.9B).


Debt to Equity History and Analysis

Debt Level: F17's debt to equity ratio (117.7%) is considered high.

Reducing Debt: F17's debt to equity ratio has increased from 117.4% to 117.7% over the past 5 years.

Debt Coverage: F17's debt is not well covered by operating cash flow (6.7%).

Interest Coverage: F17's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


Dividend

What is GuocoLand current dividend yield, its reliability and sustainability?

3.53%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 17 2021Ex Dividend DateNov 05 2021Dividend Pay DateNov 25 202120 days from Ex DividendBuy in the next 18 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: F17's dividend (3.53%) is higher than the bottom 25% of dividend payers in the SG market (1.93%).

High Dividend: F17's dividend (3.53%) is low compared to the top 25% of dividend payers in the SG market (5.25%).


Stability and Growth of Payments

Stable Dividend: F17's dividend payments have been volatile in the past 10 years.

Growing Dividend: F17's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (43.6%), F17's dividend payments are well covered by earnings.


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?

1.2yrs

Average management tenure


CEO

Zheng Xinyao Cheng (49 yo)

0.25

Tenure

Mr. Hsing Yao Cheng, also known as Zheng Xinyao, serves as Non Independent and Non-Executive Director of GLM REIT Management Sdn. Bhd at Tower Real Estate Investment Trust since July 1, 2021. Mr. Cheng has...


Leadership Team

Experienced Management: F17's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: F17's board of directors are considered experienced (8.3 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

GuocoLand Limited's employee growth, exchange listings and data sources


Key Information

  • Name: GuocoLand Limited
  • Ticker: F17
  • Exchange: SGX
  • Founded: 1976
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: S$1.887b
  • Shares outstanding: 1.11b
  • Website: https://www.guocoland.com.sg

Location

  • GuocoLand Limited
  • No. 31-01 Guoco Tower
  • 1 Wallich Street
  • Singapore
  • 78881
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 11:02
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.