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M1GU

Sabana Industrial Real Estate Investment Trust SGX:M1GU Stock Report

Last Price

S$0.45

Market Cap

S$481.6m

7D

1.1%

1Y

7.2%

Updated

23 May, 2022

Data

Company Financials +
M1GU fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends4/6

M1GU Stock Overview

Sabana REIT was listed on the SGX-ST on 26 November 2010.

Sabana Industrial Real Estate Investment Trust Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Sabana Industrial Real Estate Investment Trust
Historical stock prices
Current Share PriceS$0.45
52 Week HighS$0.48
52 Week LowS$0.41
Beta0.68
1 Month Change-2.20%
3 Month Change-2.20%
1 Year Change7.23%
3 Year Change5.95%
5 Year Change3.49%
Change since IPO-56.37%

Recent News & Updates

Shareholder Returns

M1GUSG REITsSG Market
7D1.1%0.3%0.6%
1Y7.2%-2.6%-1.2%

Return vs Industry: M1GU exceeded the SG REITs industry which returned -2.6% over the past year.

Return vs Market: M1GU exceeded the SG Market which returned -0.3% over the past year.

Price Volatility

Is M1GU's price volatile compared to industry and market?
M1GU volatility
M1GU Average Weekly Movement2.8%
REITs Industry Average Movement2.9%
Market Average Movement5.1%
10% most volatile stocks in SG Market12.1%
10% least volatile stocks in SG Market2.4%

Stable Share Price: M1GU is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: M1GU's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010n/aDonald Hanhttps://www.sabana-reit.com

Sabana REIT was listed on the SGX-ST on 26 November 2010. As at 31 December 2020, Sabana REIT has a diversified portfolio of 18 quality properties in Singapore, in the high-tech industrial, warehouse and logistics, chemical warehouse and logistics, as well as general industrial sectors. The total assets of the Group amount to more than S$0.9 billion as at 30 June 2021.

Sabana Industrial Real Estate Investment Trust Fundamentals Summary

How do Sabana Industrial Real Estate Investment Trust's earnings and revenue compare to its market cap?
M1GU fundamental statistics
Market CapS$481.55m
Earnings (TTM)S$48.82m
Revenue (TTM)S$81.91m

9.9x

P/E Ratio

5.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
M1GU income statement (TTM)
RevenueS$81.91m
Cost of RevenueS$34.62m
Gross ProfitS$47.30m
Other Expenses-S$1.52m
EarningsS$48.82m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.045
Gross Margin57.74%
Net Profit Margin59.60%
Debt/Equity Ratio56.0%

How did M1GU perform over the long term?

See historical performance and comparison

Dividends

6.9%

Current Dividend Yield

67%

Payout Ratio

Valuation

Is Sabana Industrial Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: M1GU (SGD0.45) is trading below our estimate of fair value (SGD1.15)

Significantly Below Fair Value: M1GU is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: M1GU is good value based on its PE Ratio (9.9x) compared to the SG REITs industry average (13.8x).

PE vs Market: M1GU is good value based on its PE Ratio (9.9x) compared to the SG market (11.9x).


Price to Earnings Growth Ratio

PEG Ratio: M1GU's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: M1GU's PB Ratio (0.9x) is in line with the SG REITs industry average.


Future Growth

How is Sabana Industrial Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-15.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: M1GU's earnings are forecast to decline over the next 3 years (-15% per year).

Earnings vs Market: M1GU's earnings are forecast to decline over the next 3 years (-15% per year).

High Growth Earnings: M1GU's earnings are forecast to decline over the next 3 years.

Revenue vs Market: M1GU's revenue (3.6% per year) is forecast to grow slower than the SG market (7.7% per year).

High Growth Revenue: M1GU's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: M1GU's Return on Equity is forecast to be low in 3 years time (6.6%).


Past Performance

How has Sabana Industrial Real Estate Investment Trust performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


35.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: M1GU has a large one-off gain of SGD16.0M impacting its December 31 2021 financial results.

Growing Profit Margin: M1GU became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: M1GU has become profitable over the past 5 years, growing earnings by 35.9% per year.

Accelerating Growth: M1GU has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: M1GU has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (101.1%).


Return on Equity

High ROE: M1GU's Return on Equity (8.8%) is considered low.


Financial Health

How is Sabana Industrial Real Estate Investment Trust's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: M1GU's short term assets (SGD28.5M) exceed its short term liabilities (SGD23.9M).

Long Term Liabilities: M1GU's short term assets (SGD28.5M) do not cover its long term liabilities (SGD391.8M).


Debt to Equity History and Analysis

Debt Level: M1GU's net debt to equity ratio (51.4%) is considered high.

Reducing Debt: M1GU's debt to equity ratio has reduced from 78.5% to 56% over the past 5 years.

Debt Coverage: M1GU's debt is not well covered by operating cash flow (15.7%).

Interest Coverage: M1GU's interest payments on its debt are not well covered by EBIT (3x coverage).


Balance Sheet


Dividend

What is Sabana Industrial Real Estate Investment Trust current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.85%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: M1GU's dividend (6.85%) is higher than the bottom 25% of dividend payers in the SG market (2.22%).

High Dividend: M1GU's dividend (6.85%) is in the top 25% of dividend payers in the SG market (5.95%)


Stability and Growth of Payments

Stable Dividend: M1GU's dividend payments have been volatile in the past 10 years.

Growing Dividend: M1GU's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (66.7%), M1GU's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (67.6%), M1GU's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

3.4yrs

Average management tenure


CEO

Donald Han (56 yo)

4.33yrs

Tenure

Mr. Yong Lee Han, also known as Donald, has been the Chief Executive Officer of Sabana Real Estate Investment Management Pte Ltd, a Manager of Sabana Industrial Real Estate Investment Trust since January 2...


Leadership Team

Experienced Management: M1GU's management team is considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: M1GU insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.


Top Shareholders

Company Information

Sabana Industrial Real Estate Investment Trust's employee growth, exchange listings and data sources


Key Information

  • Name: Sabana Industrial Real Estate Investment Trust
  • Ticker: M1GU
  • Exchange: SGX
  • Founded: 2010
  • Industry: Industrial REITs
  • Sector: Real Estate
  • Implied Market Cap: S$481.554m
  • Shares outstanding: 1.08b
  • Website: https://www.sabana-reit.com

Location

  • Sabana Industrial Real Estate Investment Trust
  • 151 Lorong Chuan
  • No. 02-03 New Tech Park
  • Singapore
  • 556741
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/23 00:00
End of Day Share Price2022/05/23 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.