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Centurion

SGX:OU8
Snowflake Description

Proven track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OU8
SGX
SGD378M
Market Cap
  1. Home
  2. SG
  3. Real Estate
Company description

Centurion Corporation Limited, an investment holding company, owns, develops, and manages workers and students accommodation assets in Singapore, the United Kingdom, Malaysia, Australia, and internationally. The last earnings update was 29 days ago. More info.


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OU8 Share Price and Events
7 Day Returns
2.3%
SGX:OU8
0.2%
SG Real Estate
0.3%
SG Market
1 Year Returns
-6.3%
SGX:OU8
-7.5%
SG Real Estate
-6.7%
SG Market
OU8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Centurion (OU8) 2.3% 8.4% 9.8% -6.3% 18.4% -39.2%
SG Real Estate 0.2% 2.4% 6.4% -7.5% 5.6% -5.3%
SG Market 0.3% 3.1% 3.7% -6.7% 8% -3.3%
1 Year Return vs Industry and Market
  • OU8 outperformed the Real Estate industry which returned -7.5% over the past year.
Price Volatility
OU8
Industry
5yr Volatility vs Market

Value

 Is Centurion 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 Centurion 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 Centurion.

SGX:OU8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.2%
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:OU8
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))
= 1.099 (1 + (1- 17%) (195.16%))
2.259
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (2 * 5.96%)
14.22%

Discounted Cash Flow Calculation for SGX:OU8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Centurion 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:OU8 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 14.22%)
2019 53.92 Est @ -6.19% 47.20
2020 51.95 Est @ -3.64% 39.82
2021 50.99 Est @ -1.86% 34.21
2022 50.68 Est @ -0.61% 29.77
2023 50.81 Est @ 0.26% 26.13
2024 51.26 Est @ 0.88% 23.08
2025 51.92 Est @ 1.3% 20.47
2026 52.76 Est @ 1.6% 18.21
2027 53.71 Est @ 1.81% 16.23
2028 54.77 Est @ 1.96% 14.49
Present value of next 10 years cash flows SGD269.61
SGX:OU8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD54.77 × (1 + 2.3%) ÷ (14.22% – 2.3%)
SGD470.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD470.02 ÷ (1 + 14.22%)10
SGD124.33
SGX:OU8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD269.61 + SGD124.33
SGD393.94
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD393.94 / 840.78
SGD0.47
SGX:OU8 Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD0.47
Current discount Discount to share price of SGD0.45
= -1 x (SGD0.45 - SGD0.47) / SGD0.47
4%

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

Current Discount
Amount off the current price Centurion is available for.
Intrinsic value
4%
Share price is SGD0.45 vs Future cash flow value of SGD0.46855
Current Discount Checks
For Centurion to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Centurion's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Centurion'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 Centurion's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Centurion's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:OU8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.09
SGX:OU8 Share Price ** SGX (2019-04-18) in SGD SGD0.45
Singapore Real Estate Industry PE Ratio Median Figure of 38 Publicly-Listed Real Estate Companies 9.52x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.18x

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

** Primary Listing of Centurion.

SGX:OU8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:OU8 Share Price ÷ EPS (both in SGD)

= 0.45 ÷ 0.09

4.77x

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

  • Centurion is good value based on earnings compared to the SG Real Estate industry average.
  • Centurion is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does Centurion's expected growth come at a high price?
Raw Data
SGX:OU8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-13.2%per year
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 1.6x

*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 Centurion, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Centurion's assets?
Raw Data
SGX:OU8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD0.60
SGX:OU8 Share Price * SGX (2019-04-18) in SGD SGD0.45
Singapore Real Estate Industry PB Ratio Median Figure of 46 Publicly-Listed Real Estate Companies 0.59x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:OU8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:OU8 Share Price ÷ Book Value per Share (both in SGD)

= 0.45 ÷ 0.60

0.75x

* Primary Listing of Centurion.

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

  • Centurion is overvalued based on assets compared to the SG Real Estate industry average.
X
Value checks
We assess Centurion'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. Centurion has a total score of 2/6, 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 Centurion expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Centurion, future earnings growth has been estimated based on fundamentals.
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
-13.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Centurion expected to grow at an attractive rate?
  • Centurion's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Centurion's earnings are expected to decrease over the next 1-3 years, this is below the Singapore market average.
  • Centurion's revenue growth is positive but not above the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:OU8 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:OU8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -13.2%
SGX:OU8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.3%
Singapore Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -10.1%
Singapore Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.7%
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:OU8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:OU8 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 140 1
2020-12-31 134 1
2019-12-31 129 1
SGX:OU8 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 127 57 79
2018-09-30 129 52 32
2018-06-30 133 52 31
2018-03-31 136 53 30
2017-12-31 142 57 32
2017-09-30 142 73 29
2017-06-30 139 74 30
2017-03-31 132 73 30
2016-12-31 126 70 29
2016-09-30 120 63 33
2016-06-30 116 60 33
2016-03-31 114 57 34

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Centurion's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Centurion's revenue is expected to grow by 3.3% yearly, however this is not considered high growth (20% yearly).
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:OU8 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 1 Analyst Estimates (S&P Global) See Below

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

SGX:OU8 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
SGX:OU8 Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.09
2018-09-30 0.04
2018-06-30 0.04
2018-03-31 0.04
2017-12-31 0.04
2017-09-30 0.04
2017-06-30 0.04
2017-03-31 0.04
2016-12-31 0.04
2016-09-30 0.04
2016-06-30 0.04
2016-03-31 0.05

*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.
  • Centurion is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Centurion'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.
Centurion 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 Centurion 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 Centurion'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.
  • Centurion's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Centurion's 1-year earnings growth exceeds its 5-year average (150.1% vs -24.4%)
  • Centurion's earnings growth has exceeded the SG Real Estate industry average in the past year (150.1% vs 5.7%).
Earnings and Revenue History
Centurion'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 Centurion Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:OU8 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 126.64 79.33 22.15
2018-09-30 129.06 32.11 29.57
2018-06-30 132.69 30.85 29.49
2018-03-31 135.98 30.13 28.73
2017-12-31 141.72 31.72 28.01
2017-09-30 142.23 28.76 20.56
2017-06-30 138.58 30.26 19.78
2017-03-31 132.15 30.07 19.71
2016-12-31 126.04 28.71 19.48
2016-09-30 119.84 33.29 22.10
2016-06-30 116.27 33.08 21.79
2016-03-31 114.17 34.06 22.03
2015-12-31 110.84 34.13 21.71
2015-09-30 131.25 99.60 17.80
2015-06-30 127.51 100.17 16.89
2015-03-31 120.56 97.87 15.65
2014-12-31 130.08 111.27 15.68
2014-09-30 130.63 65.67 14.32
2014-06-30 123.99 63.08 13.63
2014-03-31 117.85 112.01 13.20
2013-12-31 95.33 93.16 11.77
2013-09-30 59.45 70.95 11.53
2013-06-30 61.58 69.77 12.09
2013-03-31 64.44 18.04 12.08
2012-12-31 63.64 15.22 12.76
2012-09-30 62.31 11.78 12.65
2012-06-30 54.48 -3.34 11.31

*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.
  • Centurion has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Centurion used its assets more efficiently than the SG Real Estate industry average last year based on Return on Assets.
  • Centurion has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Centurion'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.
Centurion 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 Centurion'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 Centurion's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Centurion is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Centurion's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Centurion'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 0.1x 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 Centurion Company Filings, last reported 3 months ago.

SGX:OU8 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 524.95 738.40 72.22
2018-09-30 479.37 695.95 81.61
2018-06-30 483.81 652.02 68.67
2018-03-31 487.61 655.67 91.78
2017-12-31 475.73 652.64 75.77
2017-09-30 447.10 662.23 101.64
2017-06-30 415.92 664.74 84.41
2017-03-31 409.50 649.64 85.99
2016-12-31 399.48 660.40 82.55
2016-09-30 392.50 705.14 116.26
2016-06-30 392.29 710.18 113.54
2016-03-31 406.57 685.12 136.61
2015-12-31 402.90 671.59 138.44
2015-09-30 395.39 652.08 141.35
2015-06-30 399.63 575.73 80.64
2015-03-31 396.52 527.28 58.10
2014-12-31 391.56 432.77 63.14
2014-09-30 320.52 425.43 63.78
2014-06-30 317.88 273.39 68.07
2014-03-31 317.54 274.75 71.04
2013-12-31 292.92 186.19 44.37
2013-09-30 267.01 82.54 29.64
2013-06-30 263.13 79.49 36.29
2013-03-31 107.96 80.44 41.92
2012-12-31 211.40 76.00 41.03
2012-09-30 108.18 74.47 19.74
2012-06-30 105.94 76.86 25.50
  • Centurion's level of debt (140.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (63.8% vs 140.7% today).
  • Debt is not well covered by operating cash flow (7.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
X
Financial health checks
We assess Centurion'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. Centurion has a total score of 2/6, 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 Centurion'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
4.44%
Current annual income from Centurion dividends.
If you bought SGD2,000 of Centurion shares you are expected to receive SGD89 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?
  • Centurion's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.5%).
  • Centurion's dividend is below the markets top 25% of dividend payers in Singapore (5.43%).
Upcoming dividend payment

Purchase Centurion 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:OU8 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 1 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:OU8 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
SGX:OU8 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-03-21 0.020 4.665
2019-02-28 0.020 4.766
2018-11-12 0.020 4.896
2018-08-07 0.020 4.672
2018-03-23 0.020 4.336
2018-02-27 0.020 3.990
2017-11-08 0.020 3.736
2017-08-07 0.020 3.822
2017-03-06 0.020 4.408
2016-11-14 0.020 5.786
2016-08-12 0.020 5.805
2016-04-12 0.020 5.402
2015-11-06 0.010 2.620
2015-08-19 0.010 2.346
2015-04-09 0.010 1.916
2015-02-25 0.010 1.851
2014-03-12 0.006 0.983
2013-03-18 0.004 0.938
2012-11-08 0.000 0.000
2012-08-13 0.000 0.000
2012-05-10 0.000 0.000
2012-04-11 0.000 0.000
2012-02-28 0.000 0.000
2011-11-11 0.000 0.000
2011-08-02 9.800 4,963.702

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

  • Whilst dividend payments have been stable, Centurion has been paying a dividend for less than 10 years.
  • Centurion has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Centurion's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.7x 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 Centurion'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 Centurion afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Centurion has a total score of 2/6, 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 Centurion'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
Chee Min Kong
AGE 53
TENURE AS CEO 7.7 years
CEO Bio

Mr. Chee Min Kong has been the Chief Executive Officer of Centurion Corporation Limited (formerly, SM Summit Holdings Limited) since August 1, 2011. Mr. Kong served as the Group Finance Director of TES-EnviroCorp. Pte. Ltd. since 2000. He served as the Group Finance Director of SM Summit Holdings Ltd., until July 29, 2011. Mr. Kong is a Certified Public Accountant with over 21 years of finance and corporate management experience. He worked in an American MNC as well as an international public accounting firm before joining Centurion the Group in 1996. He has been an Executive Director of TES-EnviroCorp. Pte. Ltd. He served as an Executive Director of Centurion Corporation Limited from March 28, 2000 to May 8, 2015. Mr. Kong served as an Executive Director of Sm Summit Holdings Ltd. since March 28, 2000 and previously served as its Director. He is also a member of the Institute of Certified Public Accountants of Singapore. Mr. Kong graduated with a Bachelor of Accountancy degree from Nanyang Technological University.

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

Average tenure and age of the Centurion management team in years:

7.7
Average Tenure
53
Average Age
  • The average tenure for the Centurion management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Chee Min Kong

TITLE
Chief Executive Officer
AGE
53
TENURE
7.7 yrs

Ai Huey Foo

TITLE
Chief Financial Officer
AGE
50
TENURE
7.7 yrs

Janice Lee

TITLE
Human Resources & Administration Manager
AGE
57
TENURE
24.3 yrs

David Oh

TITLE
Investor Relations Manager

Tony Bin

TITLE
Managing Director of Accommodation Business
AGE
59

Siew Fatt Leong

TITLE
Head of Student Accommodation Business
AGE
52

Kelvin Teo

TITLE
Chief Operating Officer of Accommodation Business & Executive Director
AGE
57
TENURE
12.3 yrs

Lip Chin Ho

TITLE
Chief Investment Officer of Accommodation Business
AGE
49
TENURE
4.3 yrs

Hazel Chia

TITLE
Company Secretary
TENURE
4.3 yrs

Juliana Tan

TITLE
Company Secretary
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Centurion board of directors in years:

3.9
Average Tenure
56.5
Average Age
  • The tenure for the Centurion board of directors is about average.
Board of Directors

Kok Hoe Wong

TITLE
Non-Executive Chairman
COMPENSATION
SGD72K
AGE
55
TENURE
7.7 yrs

Kelvin Teo

TITLE
Chief Operating Officer of Accommodation Business & Executive Director
AGE
57
TENURE
0.9 yrs

Chandra Mohan

TITLE
Independent Non-Executive Director
COMPENSATION
SGD86K
AGE
56
TENURE
11.9 yrs

Hiang Meng Gn

TITLE
Lead Independent Director
COMPENSATION
SGD111K
AGE
69
TENURE
5.1 yrs

Kek Hean Owi

TITLE
Independent Non-Executive Director
COMPENSATION
SGD69K
AGE
60
TENURE
2.3 yrs

David Loh

TITLE
Non Executive Director
COMPENSATION
SGD42K
AGE
55
TENURE
3.9 yrs

Seng Juan Han

TITLE
Non-Executive Director
COMPENSATION
SGD42K
AGE
56
TENURE
3.9 yrs

Poh Hong Tan

TITLE
Independent Non-Executive Director
AGE
58
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Centurion insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
21. Mar 19 Buy Seng Juan Han Individual 20. Mar 19 20. Mar 19 252,800 SGD2.41 SGD192,650
20. Mar 19 Buy Seng Juan Han Individual 19. Mar 19 19. Mar 19 400,000 SGD0.41 SGD165,208
06. Mar 19 Buy Kim Kang Loh Individual 04. Mar 19 04. Mar 19 2,302,000 SGD0.41 SGD949,595
28. Nov 18 Buy Kim Kang Loh Individual 27. Nov 18 27. Nov 18 379,100 SGD0.42 SGD157,326
27. Nov 18 Buy Kim Kang Loh Individual 26. Nov 18 26. Nov 18 504,000 SGD0.42 SGD209,160
23. Nov 18 Buy Seng Juan Han Individual 22. Nov 18 22. Nov 18 130,100 SGD0.41 SGD52,690
22. Nov 18 Buy Seng Juan Han Individual 21. Nov 18 21. Nov 18 427,900 SGD0.41 SGD173,300
20. Nov 18 Buy Seng Juan Han Individual 19. Nov 18 19. Nov 18 138,300 SGD0.41 SGD56,012
19. Nov 18 Buy Seng Juan Han Individual 16. Nov 18 16. Nov 18 511,000 SGD0.41 SGD210,464
15. Nov 18 Buy Seng Juan Han Individual 14. Nov 18 14. Nov 18 750,000 SGD0.41 SGD303,750
14. Nov 18 Buy Seng Juan Han Individual 13. Nov 18 13. Nov 18 650,000 SGD0.40 SGD262,535
12. Oct 18 Buy Seng Juan Han Individual 11. Oct 18 11. Oct 18 400,000 SGD0.07 SGD29,556
25. Sep 18 Buy Seng Juan Han Individual 24. Sep 18 24. Sep 18 449,700 SGD0.43 SGD193,911
24. Sep 18 Buy Seng Juan Han Individual 20. Sep 18 20. Sep 18 900,000 SGD0.44 SGD197,223
21. Sep 18 Buy Seng Juan Han Individual 19. Sep 18 19. Sep 18 716,200 SGD0.44 SGD314,125
19. Sep 18 Buy Seng Juan Han Individual 18. Sep 18 18. Sep 18 491,000 SGD0.44 SGD215,638
18. Sep 18 Buy Seng Juan Han Individual 17. Sep 18 17. Sep 18 1,391,600 SGD0.43 SGD596,038
03. Sep 18 Buy Seng Juan Han Individual 31. Aug 18 31. Aug 18 494,500 SGD0.43 SGD211,349
31. Aug 18 Buy Kim Kang Loh Individual 30. Aug 18 30. Aug 18 101,400 SGD0.42 SGD42,578
27. Aug 18 Buy Seng Juan Han Individual 24. Aug 18 24. Aug 18 554,000 SGD0.42 SGD235,359
24. Aug 18 Buy Seng Juan Han Individual 23. Aug 18 23. Aug 18 100,300 SGD0.43 SGD42,628
24. Aug 18 Buy Kim Kang Loh Individual 23. Aug 18 23. Aug 18 266,600 SGD0.42 SGD111,972
21. Aug 18 Buy Seng Juan Han Individual 20. Aug 18 20. Aug 18 450,000 SGD0.44 SGD195,311
20. Aug 18 Buy Seng Juan Han Individual 17. Aug 18 17. Aug 18 370,000 SGD0.44 SGD162,135
13. Aug 18 Buy Kim Kang Loh Individual 08. Aug 18 08. Aug 18 120,000 SGD0.45 SGD53,400
05. Jul 18 Buy Seng Juan Han Individual 04. Jul 18 04. Jul 18 91,000 SGD0.47 SGD43,085
19. Jun 18 Buy Seng Juan Han Individual 18. Jun 18 18. Jun 18 1,500,000 SGD0.46 SGD682,500
14. Jun 18 Buy Seng Juan Han Individual 13. Jun 18 13. Jun 18 750,000 SGD2.78 SGD2,085,000
08. Jun 18 Buy Kim Kang Loh Individual 07. Jun 18 07. Jun 18 800,000 SGD0.08 SGD64,190
06. Jun 18 Buy Seng Juan Han Individual 05. Jun 18 05. Jun 18 1,514,000 SGD2.78 SGD4,176,579
14. May 18 Buy Kim Kang Loh Individual 10. May 18 10. May 18 276,000 SGD0.49 SGD135,625
14. May 18 Buy Kim Kang Loh Individual 09. May 18 09. May 18 409,000 SGD0.49 SGD202,133
10. May 18 Buy Kim Kang Loh Individual 09. May 18 09. May 18 409,000 SGD2.89 SGD1,182,010
11. May 18 Buy Kim Kang Loh Individual 10. May 18 10. May 18 276,000 SGD2.88 SGD794,714
X
Management checks
We assess Centurion'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. Centurion 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

Do Directors Own Centurion Corporation Limited (SGX:OU8) Shares?

The big shareholder groups in Centurion Corporation Limited (SGX:OU8) have power over the company. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Centurion is a smaller company with a market capitalization of S$370m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Zooming in on SGX:OU8's 4.8% Dividend Yield

Historically, Centurion Corporation Limited (SGX:OU8) has been paying a dividend to shareholders. … Let's dig deeper into whether Centurion should have a place in your portfolio. … See our latest analysis for Centurion

Simply Wall St -

The Centurion (SGX:OU8) Share Price Is Down 33% So Some Shareholders Are Getting Worried

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Looking back five years, both Centurion's share price and EPS declined; the latter at a rate of 5.2% per year.

Simply Wall St -

Centurion Corporation Limited (SGX:OU8): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like Centurion Corporation Limited (SGX:OU8), with a market cap of S$341m. … However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Did Centurion Corporation Limited (SGX:OU8) Insiders Buy Up More Shares?

For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.'? … Over the last year, we can see that the biggest insider purchase was by Non-Executive Director Seng Juan Han for S$4.2m worth of shares, at about S$2.78 per share … That means that an insider was happy to buy shares at above the current price

Simply Wall St -

Despite Its High P/E Ratio, Is Centurion Corporation Limited (SGX:OU8) Still Undervalued?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll show how you can use Centurion Corporation Limited's (SGX:OU8) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What To Know Before Buying Centurion Corporation Limited (SGX:OU8) For Its Dividend

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, Centurion Corporation Limited (SGX:OU8) has paid a dividend to shareholders. … View our latest analysis for Centurion

Simply Wall St -

Centurion Corporation Limited (SGX:OU8): Did It Outperform The Industry?

For investors, increase in profitability and industry-beating performance can be essential considerations in an investment. … Commentary On OU8's Past Performance. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of -26%, indicating the rate at which OU8 is growing has accelerated

Simply Wall St -

Centurion Corporation Limited (SGX:OU8) And The Real Estate Sector Outlook 2018

is a real estate company operating in an industry … Real estate assets usually exhibit distinct and desirable investment features compared to other types of securities, in particular, over a long period of time … Real estate analysts are forecasting for the entire industry,

Simply Wall St -

Centurion Corporation Limited (SGX:OU8): What You Have To Know Before Buying For The Upcoming Dividend

To qualify for the dividend check of S$0.01 per share, investors must have owned the shares prior to 20 August 2018, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … 5 checks you should use to assess a dividend stock. … If you are a dividend investor, you should always assess these five key metrics:?

Simply Wall St -

Company Info

Description

Centurion Corporation Limited, an investment holding company, owns, develops, and manages workers and students accommodation assets in Singapore, the United Kingdom, Malaysia, Australia, and internationally. The company operates through three segments: Workers Accommodation, Student Accommodation, and Others. It offers dormitory accommodation and services for workers; and accommodation and services for students. As of April 1, 2019, the company owned and managed a portfolio of 31 operational accommodation assets totaling 62,656 beds. It also manufactures and sells optical discs and related data storage products. In addition, the company offers laundry and dry cleaning; management; utilities and transportation; fund management; trustee; and business and management consultancy services. Further, it is involved in property investment activates. The company was founded in 1981 and is headquartered in Singapore. Centurion Corporation Limited is a subsidiary of Centurion Properties Pte Ltd.

Details
Name: Centurion Corporation Limited
OU8
Exchange: SGX
Founded: 1981
SGD378,350,380
840,778,624
Website: http://www.centurioncorp.com.sg
Address: Centurion Corporation Limited
45 Ubi Road 1,
No. 05-01,
Singapore,
408696,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX OU8 Ordinary Shares Singapore Exchange SG SGD 02. Aug 2011
SEHK 6090 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Aug 2011
Number of employees
Current staff
Staff numbers
360
Centurion employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 12:39
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/06
Last earnings filing: 2019/03/21
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.