SGX:F86

Stock Analysis Report

Executive Summary

MYP Ltd., an investment holding company, invests in real estate properties in Singapore.


Snowflake Analysis

Overvalued with weak fundamentals.

Share Price & News

How has MYP's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: F86's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-38.4%

F86

-5.3%

SG Real Estate

-4.8%

SG Market


1 Year Return

n/a

F86

-34.3%

SG Real Estate

-29.0%

SG Market

Return vs Industry: Insufficient data to determine how F86 performed against the SG Real Estate industry.

Return vs Market: Insufficient data to determine how F86 performed against the SG Market.


Shareholder returns

F86IndustryMarket
7 Day-38.4%-5.3%-4.8%
30 Day-29.1%-24.1%-22.1%
90 Day-40.2%-30.6%-27.5%
1 Yearn/a-31.8%-34.3%-26.0%-29.0%
3 Year-67.9%-67.9%-34.9%-40.4%-21.4%-29.7%
5 Year-74.1%-77.8%-32.4%-41.5%-20.4%-33.9%

Price Volatility Vs. Market

How volatile is MYP's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

0.28x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: F86 (SGD0.06) is trading above our estimate of fair value (SGD0.01)

Significantly Below Fair Value: F86 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: F86 is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

PE vs Market: F86 is unprofitable, so we can't compare its PE Ratio to the SG market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate F86's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: F86 is good value based on its PB Ratio (0.3x) compared to the SG Real Estate industry average (0.4x).


Next Steps

Future Growth

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

8.8%

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 MYP 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.


Next Steps

Past Performance

How has MYP performed over the past 5 years?

-69.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: F86 is currently unprofitable.

Growing Profit Margin: F86 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: F86 is unprofitable, and losses have increased over the past 5 years at a rate of -69.4% per year.

Accelerating Growth: Unable to compare F86's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: F86 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-30.5%).


Return on Equity

High ROE: F86 has a negative Return on Equity (-0.21%), as it is currently unprofitable.


Next Steps

Financial Health

How is MYP's financial position?


Financial Position Analysis

Short Term Liabilities: F86's short term assets (SGD49.8M) do not cover its short term liabilities (SGD80.3M).

Long Term Liabilities: F86's short term assets (SGD49.8M) do not cover its long term liabilities (SGD458.4M).


Debt to Equity History and Analysis

Debt Level: F86's debt to equity ratio (151.8%) is considered high.

Reducing Debt: F86's debt to equity ratio has increased from 91.6% to 151.8% over the past 5 years.


Balance Sheet

Inventory Level: F86 has a high level of physical assets or inventory.

Debt Coverage by Assets: F86's debt is not covered by short term assets (assets are 0.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: F86 has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: F86 has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is MYP's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate F86's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate F86's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if F86's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if F86's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: F86 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of F86's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

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

7.8yrs

Average board tenure


CEO

Jonathan Tahir (32yo)

no data

Tenure

Dr. Jonathan Tahir has been an Executive Chairman of Cougar Logistics Corporation Ltd since July 27, 2012. Dr. Tahir has been an Executive Chairman of MYP Ltd. since July 27, 2012 and serves as its Chief E ...


Board Members

NamePositionTenureCompensationOwnership
Jonathan Tahir
Executive Chairman & CEOno datano data86.3% SGD83.8m
Chin Tan
Independent Non Executive Director5.25yrsno datano data
Kai Wang
Non-Executive Director7.75yrsno datano data
Sardesai Prabhakar
Independent Non-Executive Director 7.75yrsno datano data
Ho Nee Wong Wai
Independent Non-Executive Director7.75yrsno datano data

7.8yrs

Average Tenure

61yo

Average Age

Experienced Board: F86's board of directors are considered experienced (7.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

MYP Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MYP Ltd.
  • Ticker: F86
  • Exchange: SGX
  • Founded: 2005
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: S$97.141m
  • Shares outstanding: 1.59b
  • Website: https://www.myp.com.sg

Location

  • MYP Ltd.
  • No. 09-03 MYP Centre
  • 9 Battery Road
  • Singapore
  • 49910
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
F86SGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 2015

Biography

MYP Ltd., an investment holding company, invests in real estate properties in Singapore. Its property portfolio includes commercial buildings and residential properties. The company was formerly known as Cougar Logistics Corporation Ltd. and changed its name to MYP Ltd. in December 2012. MYP Ltd. was incorporated in 2005 and is based in Singapore. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/04 13:25
End of Day Share Price2020/04/03 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.