ME8U Stock Overview
Mapletree Industrial Trust is a real estate investment trust (“REIT”) listed on the Main Board of Singapore Exchange.
Mapletree Industrial Trust Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||S$2.43|
|52 Week High||S$3.02|
|52 Week Low||S$2.41|
|1 Month Change||-8.99%|
|3 Month Change||-5.45%|
|1 Year Change||-12.90%|
|3 Year Change||15.71%|
|5 Year Change||35.00%|
|Change since IPO||109.48%|
Recent News & Updates
|ME8U||SG REITs||SG Market|
Return vs Industry: ME8U underperformed the SG REITs industry which returned -2.6% over the past year.
Return vs Market: ME8U underperformed the SG Market which returned -0.3% over the past year.
|ME8U Average Weekly Movement||1.7%|
|REITs Industry Average Movement||3.0%|
|Market Average Movement||5.2%|
|10% most volatile stocks in SG Market||12.1%|
|10% least volatile stocks in SG Market||2.5%|
Stable Share Price: ME8U is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: ME8U's weekly volatility (2%) has been stable over the past year.
About the Company
|2008||193||Kuo Wei Tham||https://www.mapletreeindustrialtrust.com|
Mapletree Industrial Trust is a real estate investment trust (“REIT”) listed on the Main Board of Singapore Exchange. Its principal investment strategy is to invest in a diversified portfolio of income-producing real estate used primarily for industrial purposes in Singapore and income-producing real estate used primarily as data centres worldwide beyond Singapore, as well as real estate-related assets. As at 30 September 2020, MIT’s total assets under management was S$6.6 billion, which comprised 84 properties in Singapore and 27 properties in North America (including 13 data centres held through the joint venture with Mapletree Investments Pte Ltd).
Mapletree Industrial Trust Fundamentals Summary
|ME8U fundamental statistics|
Is ME8U overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ME8U income statement (TTM)|
|Cost of Revenue||S$191.64m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.16|
|Net Profit Margin||70.62%|
How did ME8U perform over the long term?See historical performance and comparison
5.7%Current Dividend Yield
Is Mapletree Industrial Trust undervalued compared to its fair value and its price relative to the market?
Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ME8U (SGD2.43) is trading below our estimate of fair value (SGD3.86)
Significantly Below Fair Value: ME8U is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ME8U is poor value based on its PE Ratio (15.1x) compared to the SG REITs industry average (13.8x).
PE vs Market: ME8U is poor value based on its PE Ratio (15.1x) compared to the SG market (11.9x).
Price to Earnings Growth Ratio
PEG Ratio: ME8U's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ME8U is overvalued based on its PB Ratio (1.2x) compared to the SG REITs industry average (0.9x).
How is Mapletree Industrial Trust forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ME8U's earnings are forecast to decline over the next 3 years (-3.1% per year).
Earnings vs Market: ME8U's earnings are forecast to decline over the next 3 years (-3.1% per year).
High Growth Earnings: ME8U's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ME8U's revenue (3.7% per year) is forecast to grow slower than the SG market (7.7% per year).
High Growth Revenue: ME8U's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ME8U's Return on Equity is forecast to be low in 3 years time (7.5%).
How has Mapletree Industrial Trust performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ME8U has a large one-off gain of SGD89.7M impacting its March 31 2022 financial results.
Growing Profit Margin: ME8U's current net profit margins (70.6%) are higher than last year (36.8%).
Past Earnings Growth Analysis
Earnings Trend: ME8U's earnings have grown by 0.2% per year over the past 5 years.
Accelerating Growth: ME8U's earnings growth over the past year (161.9%) exceeds its 5-year average (0.2% per year).
Earnings vs Industry: ME8U earnings growth over the past year (161.9%) exceeded the REITs industry 101.1%.
Return on Equity
High ROE: ME8U's Return on Equity (8.3%) is considered low.
How is Mapletree Industrial Trust's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: ME8U's short term assets (SGD193.1M) do not cover its short term liabilities (SGD535.2M).
Long Term Liabilities: ME8U's short term assets (SGD193.1M) do not cover its long term liabilities (SGD2.7B).
Debt to Equity History and Analysis
Debt Level: ME8U's net debt to equity ratio (52%) is considered high.
Reducing Debt: ME8U's debt to equity ratio has increased from 43.9% to 54.9% over the past 5 years.
Debt Coverage: ME8U's debt is not well covered by operating cash flow (17.2%).
Interest Coverage: ME8U's interest payments on its debt are well covered by EBIT (5.9x coverage).
What is Mapletree Industrial Trust current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ME8U's dividend (5.68%) is higher than the bottom 25% of dividend payers in the SG market (2.22%).
High Dividend: ME8U's dividend (5.68%) is low compared to the top 25% of dividend payers in the SG market (5.95%).
Stability and Growth of Payments
Stable Dividend: ME8U's dividends per share have been stable in the past 10 years.
Growing Dividend: ME8U's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (62.5%), ME8U's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (74.3%), ME8U's dividend payments are covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kuo Wei Tham (52 yo)
Mr. Kuo Wei Tham serves as the Chief Executive Officer of Mapletree Industrial Trust Management Ltd. and has been its Executive Director since July 23, 2010. Mr. Tham served as the Chief Investment Officer...
Experienced Management: ME8U's management team is seasoned and experienced (6.3 years average tenure).
Experienced Board: ME8U's board of directors are considered experienced (3.4 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 diluted in the past year, with total shares outstanding growing by 13.8%.
Mapletree Industrial Trust's employee growth, exchange listings and data sources
- Name: Mapletree Industrial Trust
- Ticker: ME8U
- Exchange: SGX
- Founded: 2008
- Industry: Industrial REITs
- Sector: Real Estate
- Implied Market Cap: S$6.505b
- Shares outstanding: 2.68b
- Website: https://www.mapletreeindustrialtrust.com
Number of Employees
- Mapletree Industrial Trust
- 10 Pasir Panjang Road
- No.13-01, Mapletree Business City
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/22 00:00|
|End of Day Share Price||2022/05/20 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.