Loading...

Ho Bee Land

SGX:H13
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
H13
SGX
SGD2B
Market Cap
  1. Home
  2. SG
  3. Real Estate
Company description

Ho Bee Land Limited was listed on the Mainboard of the Singapore Exchange in 1999. The last earnings update was 18 days ago. More info.


Add to Portfolio Compare Print
  • Ho Bee Land is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
H13 Share Price and Events
7 Day Returns
-2.3%
SGX:H13
0.9%
SG Real Estate
0.4%
SG Market
1 Year Returns
-1.6%
SGX:H13
-6.7%
SG Real Estate
-5.9%
SG Market
H13 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ho Bee Land (H13) -2.3% 1.2% 1.6% -1.6% 15.5% 5.4%
SG Real Estate 0.9% 2.4% 7.2% -6.7% 6.6% -3.6%
SG Market 0.4% 3.3% 4.1% -5.9% 8.8% -2.5%
1 Year Return vs Industry and Market
  • H13 outperformed the Real Estate industry which returned -6.7% over the past year.
  • H13 outperformed the Market in Singapore which returned -5.9% over the past year.
Price Volatility
H13
Industry
5yr Volatility vs Market

Value

 Is Ho Bee Land undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ho Bee Land to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ho Bee Land.

SGX:H13 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:H13
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.096 (1 + (1- 17%) (147.05%))
1.96
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (1.96 * 5.96%)
13.99%

Discounted Cash Flow Calculation for SGX:H13 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ho Bee Land is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:H13 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 13.99%)
2019 239.52 Est @ 9.97% 210.13
2020 257.88 Est @ 7.67% 198.48
2021 273.51 Est @ 6.06% 184.67
2022 287.00 Est @ 4.93% 170.00
2023 298.89 Est @ 4.14% 155.32
2024 309.62 Est @ 3.59% 141.15
2025 319.55 Est @ 3.2% 127.80
2026 328.92 Est @ 2.93% 115.41
2027 337.95 Est @ 2.74% 104.03
2028 346.78 Est @ 2.61% 93.65
Present value of next 10 years cash flows SGD1,500.64
SGX:H13 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD346.78 × (1 + 2.3%) ÷ (13.99% – 2.3%)
SGD3,036.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD3,036.26 ÷ (1 + 13.99%)10
SGD819.93
SGX:H13 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD1,500.64 + SGD819.93
SGD2,320.57
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD2,320.57 / 665.23
SGD3.49
SGX:H13 Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD3.49
Current discount Discount to share price of SGD2.53
= -1 x (SGD2.53 - SGD3.49) / SGD3.49
27.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ho Bee Land is available for.
Intrinsic value
27%
Share price is SGD2.53 vs Future cash flow value of SGD3.49
Current Discount Checks
For Ho Bee Land to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ho Bee Land's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ho Bee Land's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ho Bee Land's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ho Bee Land's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:H13 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.41
SGX:H13 Share Price ** SGX (2019-04-18) in SGD SGD2.53
Singapore Real Estate Industry PE Ratio Median Figure of 38 Publicly-Listed Real Estate Companies 9.5x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ho Bee Land.

SGX:H13 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:H13 Share Price ÷ EPS (both in SGD)

= 2.53 ÷ 0.41

6.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ho Bee Land is good value based on earnings compared to the SG Real Estate industry average.
  • Ho Bee Land is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does Ho Bee Land's expected growth come at a high price?
Raw Data
SGX:H13 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Singapore Real Estate Industry PEG Ratio Median Figure of 14 Publicly-Listed Real Estate Companies -0.16x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ho Bee Land, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ho Bee Land's assets?
Raw Data
SGX:H13 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD4.94
SGX:H13 Share Price * SGX (2019-04-18) in SGD SGD2.53
Singapore Real Estate Industry PB Ratio Median Figure of 46 Publicly-Listed Real Estate Companies 0.58x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:H13 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:H13 Share Price ÷ Book Value per Share (both in SGD)

= 2.53 ÷ 4.94

0.51x

* Primary Listing of Ho Bee Land.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ho Bee Land is good value based on assets compared to the SG Real Estate industry average.
X
Value checks
We assess Ho Bee Land's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Ho Bee Land has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-10.4%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ho Bee Land expected to grow at an attractive rate?
  • Unable to compare Ho Bee Land's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Ho Bee Land's earnings growth to the Singapore market average as no estimate data is available.
  • Unable to compare Ho Bee Land's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:H13 Future Growth Rates Data Sources
Data Point Source Value (per year)
Singapore Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -10.4%
Singapore Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.6%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:H13 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:H13 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31
SGX:H13 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 205 221 270
2018-09-30 197 190 291
2018-06-30 194 178 278
2018-03-31 181 117 242
2017-12-31 182 113 249
2017-09-30 183 126 276
2017-06-30 180 123 249
2017-03-31 312 227 255
2016-12-31 306 178 217
2016-09-30 292 101 281
2016-06-30 283 78 274
2016-03-31 138 -50 249

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Ho Bee Land is high growth as no earnings estimate data is available.
  • Unable to determine if Ho Bee Land is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:H13 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Ho Bee Land Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:H13 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31 0.21 0.21 0.21 1.00
SGX:H13 Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.41
2018-09-30 0.44
2018-06-30 0.42
2018-03-31 0.36
2017-12-31 0.37
2017-09-30 0.42
2017-06-30 0.37
2017-03-31 0.38
2016-12-31 0.33
2016-09-30 0.42
2016-06-30 0.41
2016-03-31 0.37

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ho Bee Land will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Ho Bee Land's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ho Bee Land has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ho Bee Land's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ho Bee Land's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Ho Bee Land's 1-year earnings growth exceeds its 5-year average (8.3% vs -17%)
  • Ho Bee Land's earnings growth has exceeded the SG Real Estate industry average in the past year (8.3% vs 5.7%).
Earnings and Revenue History
Ho Bee Land's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ho Bee Land Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:H13 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 204.71 270.04 18.18
2018-09-30 197.40 291.09 16.13
2018-06-30 193.94 277.72 15.89
2018-03-31 180.84 242.31 17.73
2017-12-31 181.93 249.26 17.31
2017-09-30 182.93 276.36 23.12
2017-06-30 179.73 248.70 22.24
2017-03-31 311.81 254.61 17.74
2016-12-31 305.58 216.76 16.18
2016-09-30 291.72 280.93 15.65
2016-06-30 282.51 274.48 15.80
2016-03-31 138.09 249.15 18.68
2015-12-31 132.00 242.24 16.33
2015-09-30 131.68 333.77 19.44
2015-06-30 119.21 326.94 17.25
2015-03-31 115.48 322.44 14.35
2014-12-31 101.31 315.18 14.38
2014-09-30 102.97 535.69 6.27
2014-06-30 91.95 529.00 6.67
2014-03-31 146.71 541.93 6.51
2013-12-31 190.05 588.54 7.46
2013-09-30 391.65 148.40 11.55
2013-06-30 431.41 172.34 13.96
2013-03-31 493.59 219.34 14.90
2012-12-31 468.90 183.34 14.68
2012-09-30 295.65 179.45 9.84
2012-06-30 295.28 181.38 10.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ho Bee Land has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ho Bee Land used its assets more efficiently than the SG Real Estate industry average last year based on Return on Assets.
  • Ho Bee Land has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ho Bee Land's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ho Bee Land has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Ho Bee Land's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ho Bee Land's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ho Bee Land's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Ho Bee Land's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Ho Bee Land's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ho Bee Land Company Filings, last reported 3 months ago.

SGX:H13 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,300.19 2,474.85 176.32
2018-09-30 3,239.38 2,499.46 108.43
2018-06-30 3,195.09 2,541.88 102.91
2018-03-31 3,203.03 1,428.36 101.67
2017-12-31 3,141.76 1,356.29 97.11
2017-09-30 3,040.26 1,423.92 131.72
2017-06-30 2,978.47 1,425.55 92.22
2017-03-31 2,976.55 1,249.24 161.26
2016-12-31 2,939.22 1,348.83 58.03
2016-09-30 2,792.54 1,393.84 77.15
2016-06-30 2,767.56 1,448.63 87.45
2016-03-31 2,804.30 1,532.09 11.50
2015-12-31 2,833.90 1,578.98 16.98
2015-09-30 2,655.50 1,356.77 12.42
2015-06-30 2,616.40 990.57 14.75
2015-03-31 2,638.53 928.29 10.13
2014-12-31 2,615.81 915.16 10.30
2014-09-30 2,315.02 824.20 13.42
2014-06-30 2,287.64 826.60 19.10
2014-03-31 2,333.81 767.14 27.19
2013-12-31 2,347.75 484.75 117.56
2013-09-30 1,844.43 541.97 187.24
2013-06-30 1,842.48 435.58 129.98
2013-03-31 1,838.58 396.45 143.98
2012-12-31 1,806.20 482.50 162.62
2012-09-30 1,757.79 429.21 28.63
2012-06-30 1,710.70 477.35 30.21
  • Ho Bee Land's level of debt (75%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (20.8% vs 75% today).
  • Debt is not well covered by operating cash flow (8.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).
X
Financial health checks
We assess Ho Bee Land's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ho Bee Land has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.95%
Current annual income from Ho Bee Land dividends.
If you bought SGD2,000 of Ho Bee Land shares you are expected to receive SGD79 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ho Bee Land's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.51%).
  • Ho Bee Land's dividend is below the markets top 25% of dividend payers in Singapore (5.43%).
Upcoming dividend payment

Purchase Ho Bee Land before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:H13 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Singapore Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:H13 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2019-12-31
SGX:H13 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-04-01 0.100 3.924
2019-02-25 0.100 3.990
2018-03-28 0.080 3.226
2018-02-28 0.080 3.141
2017-03-31 0.060 2.478
2017-02-27 0.060 2.613
2016-02-24 0.050 2.327
2015-02-27 0.050 2.444
2014-02-27 0.050 2.368
2013-02-28 0.050 2.453
2012-02-28 0.040 2.813
2011-11-09 0.000 0.000
2011-02-25 0.040 2.903
2010-08-16 0.030 1.896
2010-04-29 0.040 2.603
2009-11-12 0.040 2.355
2009-08-14 0.040 2.879
2009-04-20 0.020 2.762

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Ho Bee Land's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ho Bee Land's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ho Bee Land afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ho Bee Land has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Ho Bee Land's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Thian Poh Chua
AGE 70
TENURE AS CEO 31.7 years
CEO Bio

Mr. Thian Poh Chua founded Ho Bee Land Limited in August 1987 and has been its Executive Chairman and Chief Executive Officer since 1999. Mr. Chua serves as the Chief Executive Officer of Ho Bee Holdings Pte Ltd. He is an owner of Ho Bee Investment Ltd. He is a Co-Owner at Airjet Investments Pte Ltd. Besides group-wide strategic planning and directions, he is responsible for financial and investment decisions. He is the Founder and owner of Ho Bee Group. Mr. Chua holds board positions in many other companies and business organizations, including Board Member of Sentosa Cove Pte Ltd (wholly-owned subsidiary of Sentosa Development Corporation)since November 1996 and Vice President of the Singapore Chinese Chamber of Commerce and Industry since March 2001. He is also very active in the community organisations. He serves as Chairman of Ho Bee Holdings Pte Ltd. He serves as an Independent Non-Executive Director at Ascendas-Singbridge Pte Ltd. He serves as a Director of Yanlord Ho Bee Property Development (Tangshan) Co., Ltd. He served as a Non-Independent Non-Executive Director of EnGro Corporation Limited (formerly SsangYong Cement (Singapore) Limited) from 2003 to April 6, 2006. He is the Chairman of Bishan East Citizens 'Consultative Committee and a Council Member for the National Arts Council. In August 2004, Mr. Chua was conferred The Public Service Star (BBM) by Singapore President. He has held the appointment of Justice of the Peace since 2005. In March 2007, Mr. Chua was being conferred The 2006 Businessman of the Year in the Singapore Business Awards 2007 jointly organized by The Business Times and DHL.

CEO Compensation
  • Insufficient data for Thian Poh to compare compensation growth.
  • Insufficient data for Thian Poh to establish whether their remuneration is reasonable compared to companies of similar size in Singapore.
Management Team Tenure

Average tenure and age of the Ho Bee Land management team in years:

0.8
Average Tenure
62
Average Age
  • The average tenure for the Ho Bee Land management team is less than 2 years, this suggests a new team.
Management Team

Thian Poh Chua

TITLE
Chairman & CEO
AGE
70
TENURE
31.7 yrs

Josephine Lee

TITLE
Financial Controller
AGE
43
TENURE
0.8 yrs

Chong Hua Ong

TITLE
COO & Executive Director
AGE
64
TENURE
0.5 yrs

Desmond Woon

TITLE
Executive Director
AGE
62

Hock Chang Chong

TITLE
Group Director of Projects & Marketing
AGE
52

Nicholas Chua

TITLE
Deputy Chief Executive Officer
TENURE
0.5 yrs

Sock Kiang Tan

TITLE
Senior Manager & Company Secretary
TENURE
7.7 yrs

Lai Low

TITLE
Finance Manager
Board of Directors Tenure

Average tenure and age of the Ho Bee Land board of directors in years:

9.7
Average Tenure
65.5
Average Age
  • The tenure for the Ho Bee Land board of directors is about average.
Board of Directors

Thian Poh Chua

TITLE
Chairman & CEO
AGE
70
TENURE
31.7 yrs

Chong Hua Ong

TITLE
COO & Executive Director
AGE
64
TENURE
23.7 yrs

Desmond Woon

TITLE
Executive Director
AGE
62
TENURE
23.7 yrs

Jeffery Chan

TITLE
Independent Non-Executive Director
AGE
70
TENURE
16.5 yrs

Bobby Chin

TITLE
Lead Independent Director
AGE
67
TENURE
2.9 yrs

Kheng Ko

TITLE
Independent Director
AGE
63
TENURE
2.9 yrs

Josephine Choo

TITLE
Director
AGE
47
TENURE
2 yrs

Choke Seow

TITLE
Director
AGE
69
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
20. Jul 18 Buy Ho Bee Holdings Pte Ltd. Company 20. Jul 18 20. Jul 18 4,500,000 SGD2.33 SGD10,484,996
X
Management checks
We assess Ho Bee Land's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ho Bee Land has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Investors Should Know About Ho Bee Land Limited's (SGX:H13) Financial Strength

While small-cap stocks, such as Ho Bee Land Limited (SGX:H13) with its market cap of S$1.70b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

An Intrinsic Calculation For Ho Bee Land Limited (SGX:H13) Shows It's 35% Undervalued

Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Ho Bee Land Limited (SGX:H13) as an investment opportunity. … by estimating the company's future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF).

Simply Wall St -

Ho Bee Land Limited (SGX:H13): Does The Earnings Decline Make It An Underperformer?

For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time. … Investors may find my commentary, albeit very high-level and brief, on Ho Bee Land Limited (SGX:H13) useful as an attempt to give more color around how Ho Bee Land is currently performing. … H13's trailing twelve-month earnings (from 31 March 2018) of S$242.31m has

Simply Wall St -

Should You Be Tempted To Buy Ho Bee Land Limited (SGX:H13) At Its Current PE Ratio?

and want to better understand how you can grow your money by investing in Ho Bee Land Limited (SGX:H13). … Ho Bee Land Limited (SGX:H13) trades with a trailing P/E of 6.7x, which is lower than the industry average of 9.9x. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio

Simply Wall St -

Is Ho Bee Land Limited (SGX:H13) A Smart Choice For Dividend Investors?

Check out our latest analysis for Ho Bee Land 5 checks you should do on a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is it the top 25% annual dividend yield payer? … SGX:H13 Historical Dividend Yield Jun 5th 18 Does Ho Bee Land pass our checks? … If there's one type of stock you want to be reliable, it's dividend stocks and their stable income-generating ability.

Simply Wall St -

Best SGX Real Estate Dividend Payers

During these times, companies such as Ho Bee Land and Parkway Life Real Estate Investment Trust generate high dividend income to shareholders. … SGX:H13 Historical Dividend Yield Jun 4th 18 Parkway Life Real Estate Investment Trust (SGX:C2PU) C2PU has an appealing dividend yield of 4.95% and distributes 79.97% of its earnings to shareholders as dividends , with analysts expecting a 100.05% payout in three years. … SGX:C2PU Historical Dividend Yield Jun 4th 18 Frasers Centrepoint Trust (SGX:J69U) J69U has an appealing dividend yield of 5.43% and the company currently pays out 56.64% of its profits as dividends , with analysts expecting the payout ratio in three years to be 101.49%.

Simply Wall St -

Before You Buy Ho Bee Land Limited's (SGX:H13), Consider This

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … This is an interesting conclusion, since both H13’s size and industry indicates the stock should have a higher beta than it currently has. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets.

Simply Wall St -

Ho Bee Land Limited (SGX:H13): What You Have To Know Before Buying For The Upcoming Dividend

View our latest analysis for Ho Bee Land 5 questions I ask before picking a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is it paying an annual yield above 75% of dividend payers? … In the near future, analysts are predicting a higher payout ratio of 48.18%, leading to a dividend yield of 2.97%. … Therefore, although payout is expected to increase, the fall in earnings may not equate to higher dividend income.

Simply Wall St -

Is It Time To Buy Ho Bee Land Limited (SGX:H13) Based Off Its PE Ratio?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for H13 Price per share = SGD2.53 Earnings per share = SGD0.374 ∴ Price-Earnings Ratio = SGD2.53 ÷ SGD0.374 = 6.8x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … If this assumption does not hold true, H13’s lower P/E ratio may be because firms in our peer group are being overvalued by the market.

Simply Wall St -

What does Ho Bee Land Limited's (SGX:H13) Balance Sheet Tell Us About Its Future?

At this stable level of debt, the current cash and short-term investment levels stands at S$97.11M for investing into the business. … On top of this, H13 has generated cash from operations of S$112.88M during the same period of time, leading to an operating cash to total debt ratio of 8.32%, meaning that H13’s operating cash is not sufficient to cover its debt. … For H13, the ratio of 4.85x suggests that interest is appropriately covered, which means that debtors may be willing to loan the company more money, giving H13 ample headroom to grow its debt facilities.Next Steps: At its current level of cash flow coverage, H13 has room for improvement to better cushion for events which may require debt repayment.

Simply Wall St -

Company Info

Description

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.

Details
Name: Ho Bee Land Limited
H13
Exchange: SGX
Founded: 1987
SGD1,683,033,418
665,230,600
Website: http://hobee.com
Address: Ho Bee Land Limited
9 North Buona Vista Drive #11-01,
The Metropolis Tower 1,
Singapore,
138588,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX H13 Ordinary Shares Singapore Exchange SG SGD 02. Dec 1999
BST H8U Ordinary Shares Boerse-Stuttgart DE EUR 02. Dec 1999
Number of employees
Current staff
Staff numbers
0
Ho Bee Land employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 12:33
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/13
Last earnings filing: 2019/03/31
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.