Frasers Centrepoint Trust (“FCT”) is a leading developer-sponsored retail real estate investment trust (“REIT”) and one of the largest suburban retail mall owners in Singapore with total assets of approximately S$6.7 billion. More Details
Slightly overvalued with limited growth.
Share Price & News
How has Frasers Centrepoint Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: J69U is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: J69U's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: J69U underperformed the SG REITs industry which returned -9.5% over the past year.
Return vs Market: J69U underperformed the SG Market which returned -14.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Frasers Centrepoint Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StFrasers Centrepoint Trust Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
1 month ago | Simply Wall StDid You Participate In Any Of Frasers Centrepoint Trust's (SGX:J69U) Respectable 55% Return?
3 months ago | Simply Wall StDo Institutions Own Frasers Centrepoint Trust (SGX:J69U) Shares?
Is Frasers Centrepoint Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: J69U (SGD2.31) is trading below our estimate of fair value (SGD3.28)
Significantly Below Fair Value: J69U is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: J69U's PE Ratio (17x) is in line with the SG REITs industry average.
PE vs Market: J69U is poor value based on its PE Ratio (17x) compared to the SG market (14.1x).
Price to Earnings Growth Ratio
PEG Ratio: J69U is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: J69U is overvalued based on its PB Ratio (1x) compared to the SG REITs industry average (0.8x).
How is Frasers Centrepoint Trust forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: J69U's forecast earnings growth (11.7% per year) is above the savings rate (2.2%).
Earnings vs Market: J69U's earnings (11.7% per year) are forecast to grow slower than the SG market (25.9% per year).
High Growth Earnings: J69U's earnings are forecast to grow, but not significantly.
Revenue vs Market: J69U's revenue (14.8% per year) is forecast to grow faster than the SG market (7.7% per year).
High Growth Revenue: J69U's revenue (14.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: J69U's Return on Equity is forecast to be low in 3 years time (5.4%).
How has Frasers Centrepoint Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: J69U has high quality earnings.
Growing Profit Margin: J69U's current net profit margins (60.5%) are lower than last year (96.7%).
Past Earnings Growth Analysis
Earnings Trend: J69U's earnings have grown by 6.8% per year over the past 5 years.
Accelerating Growth: J69U's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: J69U had negative earnings growth (-26.4%) over the past year, making it difficult to compare to the REITs industry average (-13.8%).
Return on Equity
High ROE: J69U's Return on Equity (6%) is considered low.
How is Frasers Centrepoint Trust's financial position?
Financial Position Analysis
Short Term Liabilities: J69U's short term assets (SGD146.3M) do not cover its short term liabilities (SGD317.1M).
Long Term Liabilities: J69U's short term assets (SGD146.3M) do not cover its long term liabilities (SGD1.0B).
Debt to Equity History and Analysis
Debt Level: J69U's debt to equity ratio (49.6%) is considered high.
Reducing Debt: J69U's debt to equity ratio has increased from 40.9% to 49.6% over the past 5 years.
Debt Coverage: J69U's debt is not well covered by operating cash flow (6.2%).
Interest Coverage: J69U's interest payments on its debt are well covered by EBIT (6.7x coverage).
What is Frasers Centrepoint Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: J69U's dividend (3.97%) is higher than the bottom 25% of dividend payers in the SG market (2.47%).
High Dividend: J69U's dividend (3.97%) is low compared to the top 25% of dividend payers in the SG market (5.08%).
Stability and Growth of Payments
Stable Dividend: J69U's dividend payments have been volatile in the past 10 years.
Growing Dividend: J69U's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (108.5%), J69U's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: J69U's dividends in 3 years are not forecast to be well covered by earnings (104.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Richard Ng has been Chief Executive Officer of Frasers Centrepoint Asset Management Ltd. since July 1, 2019.
|Chief Executive Officer of Frasers Centrepoint Asset Management Ltd||1.33yrs||no data||no data|
|Chief Financial Officer of Frasers Centrepoint Asset Management Ltd.||8.5yrs||no data||no data|
|Vice President of Investment - Frasers Centrepoint Asset Management Ltd.||no data||no data||no data|
|Vice President of Investor Relations - Frasers Centrepoint Asset Management Ltd.||no data||no data||no data|
|GM & Head of Asset Management - Frasers Centrepoint Asset Management Ltd.||no data||no data||no data|
|SVP & Head of Retail Prop. of Frasers Property Singapore - Frasers Property Mgmt. Svcs. Pte Ltd.||no data||no data||no data|
|SVP, Head of Strategic Marketing||no data||no data||no data|
|VP & Head of Leasing of Frasers Property Singapore - Frasers Property Management Services Pte Ltd.||no data||no data||no data|
|Company Secretary of Frasers Centrepoint Asset Management Ltd.||4.08yrs||no data||no data|
Experienced Management: J69U's management team is considered experienced (4.1 years average tenure).
|Independent Chairman of Frasers Centrepoint Asset Management Ltd||2.67yrs||no data||0.011% |
|Non-Executive Non-Independent Director of Frasers Centrepoint Asset Management Ltd.||14.83yrs||no data||0.050% |
|Non-Executive & Non-Independent Director of Frasers Centrepoint Asset Management Ltd.||3.75yrs||no data||0.012% |
|Non-Executive & Non Independent Director of Frasers Centrepoint Asset Management Ltd||0.83yr||no data||no data|
|Non-Executive & Independent Director of Frasers Centrepoint Asset Management Ltd.||3.75yrs||no data||no data|
|Non-Executive Independent Director of Frasers Centrepoint Asset Management Ltd||1.08yrs||no data||no data|
Experienced Board: J69U's board of directors are considered experienced (3.2 years average tenure).
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
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 51.2%.
Frasers Centrepoint Trust's company bio, employee growth, exchange listings and data sources
- Name: Frasers Centrepoint Trust
- Ticker: J69U
- Exchange: SGX
- Founded: 2006
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: S$3.937b
- Shares outstanding: 1.69b
- Website: https://www.frasersproperty.com/reits/fct
- Frasers Centrepoint Trust
- No.16-00 Alexandra Point
- 438 Alexandra Road
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|J69U||SGX (Singapore Exchange)||Yes||Units||SG||SGD||Jul 2006|
|FRZC.F||OTCPK (Pink Sheets LLC)||Yes||Units||US||USD||Jul 2006|
Frasers Centrepoint Trust (“FCT”) is a leading developer-sponsored retail real estate investment trust (“REIT”) and one of the largest suburban retail mall owners in Singapore with total assets of approxim...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/24 12:42|
|End of Day Share Price||2020/11/24 00:00|
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.