SGX:S9B

Stock Analysis Report

Executive Summary

TEE Land Limited, an investment holding company, operates as a real estate developer and investor in Singapore, New Zealand, Australia, Vietnam, and Malaysia.


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.

Share Price & News

How has TEE Land's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: S9B has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

S9B

3.2%

SG Real Estate

4.9%

SG Market


1 Year Return

-5.8%

S9B

-29.9%

SG Real Estate

-23.8%

SG Market

Return vs Industry: S9B exceeded the SG Real Estate industry which returned -29.9% over the past year.

Return vs Market: S9B exceeded the SG Market which returned -23.8% over the past year.


Shareholder returns

S9BIndustryMarket
7 Day0%3.2%4.9%
30 Day0.6%-18.2%-17.7%
90 Day13.3%-25.7%-23.5%
1 Year-5.8%-5.8%-27.3%-29.9%-20.5%-23.8%
3 Year-5.7%-7.7%-30.3%-36.2%-17.1%-25.9%
5 Year-26.0%-32.5%-27.9%-37.7%-15.3%-29.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is TEE Land 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: S9B (SGD0.18) is trading below our estimate of fair value (SGD0.87)

Significantly Below Fair Value: S9B is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: S9B is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

PE vs Market: S9B 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 S9B's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: S9B is overvalued based on its PB Ratio (0.7x) compared to the SG Real Estate industry average (0.4x).


Next Steps

Future Growth

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

8.0%

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 TEE Land 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 TEE Land performed over the past 5 years?

-72.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: S9B is currently unprofitable.

Growing Profit Margin: S9B is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: S9B is unprofitable, and losses have increased over the past 5 years at a rate of -72.6% per year.

Accelerating Growth: Unable to compare S9B's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: S9B is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-30.5%).


Return on Equity

High ROE: S9B has a negative Return on Equity (-23.7%), as it is currently unprofitable.


Next Steps

Financial Health

How is TEE Land's financial position?


Financial Position Analysis

Short Term Liabilities: S9B's short term assets (SGD286.0M) exceed its short term liabilities (SGD110.2M).

Long Term Liabilities: S9B's short term assets (SGD286.0M) exceed its long term liabilities (SGD135.0M).


Debt to Equity History and Analysis

Debt Level: S9B's debt to equity ratio (165%) is considered high.

Reducing Debt: S9B's debt to equity ratio has increased from 113.5% to 165% over the past 5 years.


Balance Sheet

Inventory Level: S9B has a high level of physical assets or inventory.

Debt Coverage by Assets: S9B's debt is covered by short term assets (assets are 1.4x debt).


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: S9B has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: S9B has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is TEE Land's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate S9B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate S9B's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if S9B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if S9B's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: S9B is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of S9B'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?


CEO

TEE Land has no CEO, or we have no data on them.


Ownership

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


Insider Trading Volume

Insider Buying: S9B insiders have only sold shares 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

TEE Land Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TEE Land Limited
  • Ticker: S9B
  • Exchange: SGX
  • Founded: 2012
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: S$79.991m
  • Shares outstanding: 446.88m
  • Website: https://www.teeland.com.sg

Number of Employees


Location

  • TEE Land Limited
  • TEE Building
  • 25 Bukit Batok Street 22
  • Singapore
  • 659591
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
S9BSGX (Singapore Exchange)YesOrdinary SharesSGSGDJun 2013

Biography

TEE Land Limited, an investment holding company, operates as a real estate developer and investor in Singapore, New Zealand, Australia, Vietnam, and Malaysia. The company operates through three segments: Property Development, Hotel Operations, and Investment Properties. It undertakes residential, commercial, and industrial property development projects; invests in properties, such as hotels in Australia; and provides short-term accommodation and industrial space for rent in New Zealand. The company was incorporated in 2012 and is based in Singapore. TEE Land Limited is a subsidiary of TEE International Limited. As of February 3, 2020, TEE Land Limited operates as a subsidiary of Amcorp Group Berhad. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 13:22
End of Day Share Price2020/03/18 00:00
Earnings2019/11/30
Annual Earnings2019/05/31


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.