SGX:H13

Stock Analysis Report

Executive Summary

Ho Bee Land Limited was listed on the Mainboard of the Singapore Exchange in 1999.

Rewards


Snowflake Analysis

Share Price & News

How has Ho Bee Land's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: H13 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.4%

H13

-1.8%

SG Real Estate

-1.2%

SG Market


1 Year Return

-8.0%

H13

-9.2%

SG Real Estate

-4.4%

SG Market

Return vs Industry: H13 exceeded the SG Real Estate industry which returned -9.2% over the past year.

Return vs Market: H13 underperformed the SG Market which returned -4.4% over the past year.


Shareholder returns

H13IndustryMarket
7 Day-0.4%-1.8%-1.2%
30 Day-2.5%-4.9%-3.1%
90 Day-3.4%-2.4%-2.3%
1 Year-4.3%-8.0%-6.5%-9.2%-0.5%-4.4%
3 Year12.8%1.8%-5.3%-12.7%8.0%-3.4%
5 Year32.7%13.3%-9.4%-20.9%7.6%-10.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Ho Bee Land undervalued compared to its fair value and its price relative to the market?

10.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: H13 (SGD2.3) is trading above our estimate of fair value (SGD1.34)

Significantly Below Fair Value: H13 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: H13 is good value based on its PE Ratio (10.5x) compared to the Real Estate industry average (11.3x).

PE vs Market: H13 is good value based on its PE Ratio (10.5x) compared to the SG market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate H13's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: H13 is good value based on its PB Ratio (0.5x) compared to the SG Real Estate industry average (0.5x).

Future Growth

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

4.7%

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 Ho Bee Land 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 Ho Bee Land performed over the past 5 years?

-11.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: H13 has a large one-off gain of SGD87.9M impacting its September 30 2019 financial results.

Growing Profit Margin: H13's current net profit margins (65.9%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: H13's earnings have declined by -11.6% per year over the past 5 years.

Accelerating Growth: H13's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: H13 had negative earnings growth (-49.8%) over the past year, making it difficult to compare to the Real Estate industry average (-36.7%).


Return on Equity

High ROE: H13's Return on Equity (4.4%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Ho Bee Land's financial position?


Financial Position Analysis

Short Term Liabilities: H13's short term assets (SGD418.6M) exceed its short term liabilities (SGD236.6M).

Long Term Liabilities: H13's short term assets (SGD418.6M) do not cover its long term liabilities (SGD2.3B).


Debt to Equity History and Analysis

Debt Level: H13's debt to equity ratio (72.8%) is considered high.

Reducing Debt: H13's debt to equity ratio has increased from 35.6% to 72.8% over the past 5 years.

Debt Coverage: H13's debt is not well covered by operating cash flow (6.1%).

Interest Coverage: H13's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet

Inventory Level: H13 has a high level of physical assets or inventory.

Debt Coverage by Assets: H13's debt is not covered by short term assets (assets are 0.2x debt).

Dividend

What is Ho Bee Land's current dividend yield, its reliability and sustainability?

4.35%

Current Dividend Yield


Dividend Yield vs Market

company4.3%marketbottom25%2.6%markettop25%5.7%industryaverage3.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: H13's dividend (4.35%) is higher than the bottom 25% of dividend payers in the SG market (2.57%).

High Dividend: H13's dividend (4.35%) is low compared to the top 25% of dividend payers in the SG market (5.66%).


Stability and Growth of Payments

Stable Dividend: H13's dividend payments have been volatile in the past 10 years.

Growing Dividend: H13's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.4%), H13'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.

Management

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

1.3yrs

Average management tenure


CEO

Thian Poh Chua (71yo)

32.5yrs

Tenure

0

Dr. Thian Poh Chua founded Ho Bee Land Limited in August 1987 and has been its Executive Chairman and Chief Executive Officer since 1999. Dr. Chua serves as the Chief Executive Officer of Ho Bee Holdings P ...


Leadership Team

NamePositionTenureCompensationOwnership
Thian Poh Chua
Chairman & CEO32.5yrsno datano data
Woan Lee
Financial Controller1.6yrsno datano data
Chong Hua Ong
COO & Executive Director24.5yrsno data0.27% SGD4.1m
Choon Leng Woon
Executive Director24.5yrsno data0.32% SGD4.8m
Hock Chang Chong
Group Director of Projects & Marketing0yrsno datano data
Wee Chua
Deputy Chief Executive Officer1.3yrsno data0.34% SGD5.2m
Suet Fung
Company Secretary0.4yrsno datano data
Lai Low
Finance Manager0yrsno datano data

1.3yrs

Average Tenure

63yo

Average Age

Experienced Management: H13's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Thian Poh Chua
Chairman & CEO32.5yrsno datano data
Chong Hua Ong
COO & Executive Director24.5yrsno data0.27% SGD4.1m
Choon Leng Woon
Executive Director24.5yrsno data0.32% SGD4.8m
Kheng Ko
Independent Director3.8yrsno datano data
Cheow Tong Chan
Independent Non-Executive Director17.3yrsno data0.056% SGD847.3k
Yoke Choong Chin
Lead Independent Director3.8yrsno data0.020% SGD300.0k
Choke Meng Seow
Independent Director2.8yrsno datano data
Poh Choo
Independent Director2.8yrsno datano data

10.5yrs

Average Tenure

66.5yo

Average Age

Experienced Board: H13's board of directors are seasoned and experienced ( 10.5 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

Ho Bee Land Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ho Bee Land Limited
  • Ticker: H13
  • Exchange: SGX
  • Founded: 1987
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: S$1.523b
  • Shares outstanding: 665.23m
  • Website: https://hobee.com

Location

  • Ho Bee Land Limited
  • 9 North Buona Vista Drive #11-01
  • The Metropolis Tower 1
  • Singapore
  • 138588
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
H13SGX (Singapore Exchange)YesOrdinary SharesSGSGDDec 1999
H8UBST (Boerse-Stuttgart)YesOrdinary SharesDEEURDec 1999

Biography

Ho Bee Land Limited was listed on the Mainboard of the Singapore Exchange in 1999. Headquartered in Singapore, Ho Bee also has property investments and developments in Australia, China and the United Kingdom. The real estate development and investment company has a portfolio that covers many quality residential, commercial and high-tech industrial projects since its establishment in 1987. In Singapore, apart from being the leading developer of luxury homes in the exclusive residential enclave of Sentosa Cove, its portfolio of investment properties includes the commercial landmark in the one-north precinct, The Metropolis. Other buildings in its portfolio of investment properties include 1 St Martin’s Le Grand, 60 St Martin’s Lane, 39 Victoria Street, 110 Park Street, Apollo & Lunar House, 67 Lombard Street and Ropemaker Place in London. More information about the company can be found on the company’s website at www.hobee.com. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 12:36
End of Day Share Price2020/02/26 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.