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O5RU

AIMS APAC REIT SGX:O5RU Stock Report

Last Price

S$1.37

Market Cap

S$981.7m

7D

1.5%

1Y

-6.2%

Updated

25 Jun, 2022

Data

Company Financials +
O5RU fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health1/6
Dividends5/6

O5RU Stock Overview

Managed by the Manager, AA REIT was established with the principal investment objective of owning and investing in a diversified portfolio of income-producing industrial, logistics and business park real estate, located throughout the Asia Pacific region.

AIMS APAC REIT Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for AIMS APAC REIT
Historical stock prices
Current Share PriceS$1.37
52 Week HighS$1.60
52 Week LowS$1.33
Beta0.64
1 Month Change1.48%
3 Month Change-2.84%
1 Year Change-6.16%
3 Year Change-5.52%
5 Year Change-7.43%
Change since IPO-76.38%

Recent News & Updates

Shareholder Returns

O5RUSG REITsSG Market
7D1.5%1.1%0.2%
1Y-6.2%-4.7%-3.4%

Return vs Industry: O5RU underperformed the SG REITs industry which returned -4.7% over the past year.

Return vs Market: O5RU underperformed the SG Market which returned -3.4% over the past year.

Price Volatility

Is O5RU's price volatile compared to industry and market?
O5RU volatility
O5RU Average Weekly Movement2.1%
REITs Industry Average Movement2.8%
Market Average Movement4.8%
10% most volatile stocks in SG Market11.3%
10% least volatile stocks in SG Market2.2%

Stable Share Price: O5RU is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: O5RU's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200622Russell Nghttps://www.aimsapacreit.com

Managed by the Manager, AA REIT was established with the principal investment objective of owning and investing in a diversified portfolio of income-producing industrial, logistics and business park real estate, located throughout the Asia Pacific region. The real estate assets are utilised for a variety of purposes, including but not limited to warehousing and distribution activities, business park activities and manufacturing activities. AA REIT’s existing portfolio consists of 28 properties, of which 26 properties are located throughout Singapore, a property located in Gold Coast, Queensland, Australia and a 49.0% interest in one business park property, Optus Centre, which is located in Macquarie Park, New South Wales, Australia.

AIMS APAC REIT Fundamentals Summary

How do AIMS APAC REIT's earnings and revenue compare to its market cap?
O5RU fundamental statistics
Market CapS$981.72m
Earnings (TTM)S$89.24m
Revenue (TTM)S$142.39m

11.0x

P/E Ratio

6.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
O5RU income statement (TTM)
RevenueS$142.39m
Cost of RevenueS$53.84m
Gross ProfitS$88.55m
Other Expenses-S$687.00k
EarningsS$89.24m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.12
Gross Margin62.19%
Net Profit Margin62.67%
Debt/Equity Ratio62.2%

How did O5RU perform over the long term?

See historical performance and comparison

Dividends

6.9%

Current Dividend Yield

87%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is O5RU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for O5RU?

Other financial metrics that can be useful for relative valuation.

O5RU key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue16x
Enterprise Value/EBITDAn/a
PEG Ratio6.3x

Price to Earnings Ratio vs Peers

How does O5RU's PE Ratio compare to its peers?

O5RU PE Ratio vs Peers
The above table shows the PE ratio for O5RU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.2x

Price-To-Earnings vs Peers: O5RU is good value based on its Price-To-Earnings Ratio (11x) compared to the peer average (20.2x).


Price to Earnings Ratio vs Industry

How does O5RU's PE Ratio compare vs other companies in the Singaporean REITs Industry?

Price-To-Earnings vs Industry: O5RU is good value based on its Price-To-Earnings Ratio (11x) compared to the SG REITs industry average (14.1x)


Price to Earnings Ratio vs Fair Ratio

What is O5RU's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

O5RU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11x
Fair PE Ratio13.5x

Price-To-Earnings vs Fair Ratio: O5RU is good value based on its Price-To-Earnings Ratio (11x) compared to the estimated Fair Price-To-Earnings Ratio (13.5x).


Share Price vs Fair Value

What is the Fair Price of O5RU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: O5RU (SGD1.37) is trading below our estimate of fair value (SGD3.32)

Significantly Below Fair Value: O5RU is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: O5RU is poor value based on its PEG Ratio (6.3x)


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Future Growth

How is AIMS APAC REIT forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

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


1.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: O5RU's forecast earnings growth (1.7% per year) is below the savings rate (1.8%).

Earnings vs Market: O5RU's earnings (1.7% per year) are forecast to grow slower than the SG market (12.6% per year).

High Growth Earnings: O5RU's earnings are forecast to grow, but not significantly.

Revenue vs Market: O5RU's revenue (6.8% per year) is forecast to grow slower than the SG market (7.8% per year).

High Growth Revenue: O5RU's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: O5RU's Return on Equity is forecast to be low in 3 years time (7.3%).


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Past Performance

How has AIMS APAC REIT performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


25.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: O5RU has high quality earnings.

Growing Profit Margin: O5RU's current net profit margins (62.7%) are higher than last year (38.8%).


Past Earnings Growth Analysis

Earnings Trend: O5RU's earnings have grown significantly by 25.4% per year over the past 5 years.

Accelerating Growth: O5RU's earnings growth over the past year (87.6%) exceeds its 5-year average (25.4% per year).

Earnings vs Industry: O5RU earnings growth over the past year (87.6%) underperformed the REITs industry 87.6%.


Return on Equity

High ROE: O5RU's Return on Equity (7.6%) is considered low.


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Financial Health

How is AIMS APAC REIT's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: O5RU's short term assets (SGD30.2M) do not cover its short term liabilities (SGD80.9M).

Long Term Liabilities: O5RU's short term assets (SGD30.2M) do not cover its long term liabilities (SGD949.0M).


Debt to Equity History and Analysis

Debt Level: O5RU's net debt to equity ratio (60.6%) is considered high.

Reducing Debt: O5RU's debt to equity ratio has increased from 59.7% to 62.2% over the past 5 years.

Debt Coverage: O5RU's debt is not well covered by operating cash flow (11.4%).

Interest Coverage: O5RU's interest payments on its debt are well covered by EBIT (3.8x coverage).


Balance Sheet


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Dividend

What is AIMS APAC REIT current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.91%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: O5RU's dividend (6.91%) is higher than the bottom 25% of dividend payers in the SG market (2.34%).

High Dividend: O5RU's dividend (6.91%) is in the top 25% of dividend payers in the SG market (6.16%)


Stability and Growth of Payments

Stable Dividend: O5RU's dividends per share have been stable in the past 10 years.

Growing Dividend: O5RU's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (87.3%), O5RU's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (69.9%), O5RU's dividend payments are covered by cash flows.


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Management

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

0.7yrs

Average management tenure


CEO

Russell Ng (40 yo)

0.58

Tenure

Mr. Keh Yang Ng also known as Russell, serves as Chief Executive Officer of AIMS APAC REIT since November 2021 and served as its Head of Investor Relations, Investments & Partnerships at AIMS APAC REIT Man...


Leadership Team

Experienced Management: O5RU's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: O5RU's board of directors are considered experienced (4.5 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

AIMS APAC REIT's employee growth, exchange listings and data sources


Key Information

  • Name: AIMS APAC REIT
  • Ticker: O5RU
  • Exchange: SGX
  • Founded: 2006
  • Industry: Industrial REITs
  • Sector: Real Estate
  • Implied Market Cap: S$981.719m
  • Shares outstanding: 716.58m
  • Website: https://www.aimsapacreit.com

Number of Employees


Location

  • AIMS APAC REIT
  • No. 23-03, One George Street
  • Singapore
  • 49145
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.