SGX:S3N

Stock Analysis Report

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Executive Summary

OKH Global Ltd., an investment holding company, engages in the integrated property development activities primarily focusing on logistics and industrial properties in Singapore.


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

How has OKH Global's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: S3N has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.3%

S3N

-0.9%

SG Real Estate

0.3%

SG Market


1 Year Return

12.5%

S3N

-24.3%

SG Real Estate

-21.6%

SG Market

Return vs Industry: S3N exceeded the SG Real Estate industry which returned -24.3% over the past year.

Return vs Market: S3N exceeded the SG Market which returned -21.6% over the past year.


Shareholder returns

S3NIndustryMarket
7 Day-5.3%-0.9%0.3%
30 Day12.5%0.8%-0.4%
90 Day5.9%4.7%4.7%
1 Year12.5%12.5%-21.7%-24.3%-17.3%-21.6%
3 Year-61.7%-61.7%-25.0%-31.5%-12.3%-22.9%
5 Year-97.3%-97.3%-21.4%-32.2%-6.8%-23.7%

Price Volatility Vs. Market

How volatile is OKH Global's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is OKH Global undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: S3N (SGD0.02) is trading below our estimate of fair value (SGD0.07)

Significantly Below Fair Value: S3N is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: S3N is unprofitable, so we can't compare its PE Ratio to the SG Real Estate industry average.

PE vs Market: S3N is unprofitable, so we can't compare its PE Ratio to the SG market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate S3N's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: S3N is good value based on its PB Ratio (0.2x) compared to the SG Real Estate industry average (0.5x).


Next Steps

Future Growth

How is OKH Global forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.0%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as OKH Global has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has OKH Global performed over the past 5 years?

-36.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: S3N is currently unprofitable.

Growing Profit Margin: S3N is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: S3N is unprofitable, and losses have increased over the past 5 years at a rate of -36% per year.

Accelerating Growth: Unable to compare S3N's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: S3N is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-13.2%).


Return on Equity

High ROE: S3N has a negative Return on Equity (-10.21%), as it is currently unprofitable.


Next Steps

Financial Health

How is OKH Global's financial position?


Financial Position Analysis

Short Term Liabilities: S3N's short term assets (SGD29.3M) do not cover its short term liabilities (SGD96.5M).

Long Term Liabilities: S3N's short term assets (SGD29.3M) do not cover its long term liabilities (SGD78.1M).


Debt to Equity History and Analysis

Debt Level: S3N's debt to equity ratio (163.8%) is considered high.

Reducing Debt: S3N's debt to equity ratio has reduced from 169.5% to 163.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable S3N has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: S3N is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17% per year.


Next Steps

Dividend

What is OKH Global current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate S3N's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate S3N's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if S3N's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if S3N's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of S3N's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

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

3.9yrs

Average board tenure


CEO

Wai Han Lock (52yo)

3.75yrs

Tenure

S$471,078

Compensation

Mr. Lock Wai Han has been Chief Executive Officer and Executive Director at OKH Global Ltd. since October 5, 2016. Mr. Lock serves as the Chief Executive Officer at CapitaMalls Beijing Business Co., Ltd. H ...


CEO Compensation Analysis

Compensation vs Market: Wai Han's total compensation ($USD338.65K) is about average for companies of similar size in the SG market ($USD362.32K).

Compensation vs Earnings: Wai Han's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Wai Han Lock
CEO & Executive Director3.75yrsS$471.08kno data
Eng Hoe Lim
Non-Executive Independent Director6.75yrsS$52.00kno data
Kheng Choo Ng
Non-Executive Independent Director3.92yrsS$67.00kno data
Soon Teik Ong
Lead Independent Director7.42yrsS$67.00kno data
Celine Tang
Non-Executive Chairman3.92yrsno datano data

3.9yrs

Average Tenure

53.5yo

Average Age

Experienced Board: S3N's board of directors are considered experienced (3.9 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

OKH Global Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: OKH Global Ltd.
  • Ticker: S3N
  • Exchange: SGX
  • Founded: 1998
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: S$20.316m
  • Shares outstanding: 1.13b
  • Website: https://www.okh.com.sg

Location

  • OKH Global Ltd.
  • LHK Building
  • No. 02-06, 701 Sims Drive
  • Singapore
  • 387383
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
S3NSGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 2013

Biography

OKH Global Ltd., an investment holding company, engages in the integrated property development activities primarily focusing on logistics and industrial properties in Singapore. It operates through three segments: Construction Contractor, Property Development, and Property Investment. The Construction Contractor segment provides general builder and construction contractor, as well as general engineering services; and sells construction materials. The Property Development segment develops industrial properties. The Property Investment segment leases investment properties. OKH Global Ltd. also offers treasury management. The company was formerly known as Sinobest Technology Holdings Ltd. and changed its name to OKH Global Ltd. in April 2013. OKH Global Ltd. was founded in 1998 and is headquartered in Singapore. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/13 12:46
End of Day Share Price2020/07/13 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.