Tuan Sing Holdings Limited, an investment holding company, engages in the property development and investment, hotels investment, and industrial services businesses in Singapore, Australia, China, Malaysia, and Indonesia. More Details
Undervalued with proven track record.
Share Price & News
How has Tuan Sing Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: T24 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: T24's weekly volatility (5%) has been stable over the past year.
7 Day Return
SG Real Estate
1 Year Return
SG Real Estate
Return vs Industry: T24 exceeded the SG Real Estate industry which returned 14.8% over the past year.
Return vs Market: T24 exceeded the SG Market which returned 18.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Tuan Sing Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
12 hours ago | Simply Wall StIs Tuan Sing Holdings (SGX:T24) Using Too Much Debt?
1 month ago | Simply Wall StHow Much Of Tuan Sing Holdings Limited (SGX:T24) Do Insiders Own?
2 months ago | Simply Wall StAt S$0.33, Is Tuan Sing Holdings Limited (SGX:T24) Worth Looking At Closely?
Is Tuan Sing Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: T24 (SGD0.41) is trading below our estimate of fair value (SGD3.81)
Significantly Below Fair Value: T24 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: T24 is good value based on its PE Ratio (8.2x) compared to the SG Real Estate industry average (14x).
PE vs Market: T24 is good value based on its PE Ratio (8.2x) compared to the SG market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: T24's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: T24 is good value based on its PB Ratio (0.4x) compared to the SG Real Estate industry average (0.5x).
How is Tuan Sing Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: T24's earnings are forecast to decline over the next 3 years (-9.9% per year).
Earnings vs Market: T24's earnings are forecast to decline over the next 3 years (-9.9% per year).
High Growth Earnings: T24's earnings are forecast to decline over the next 3 years.
Revenue vs Market: T24's revenue (21.7% per year) is forecast to grow faster than the SG market (7.8% per year).
High Growth Revenue: T24's revenue (21.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: T24's Return on Equity is forecast to be low in 3 years time (3%).
How has Tuan Sing Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: T24 has a large one-off gain of SGD59.3M impacting its December 31 2020 financial results.
Growing Profit Margin: T24's current net profit margins (30%) are higher than last year (10.7%).
Past Earnings Growth Analysis
Earnings Trend: T24's earnings have grown by 9.5% per year over the past 5 years.
Accelerating Growth: T24's earnings growth over the past year (77.5%) exceeds its 5-year average (9.5% per year).
Earnings vs Industry: T24 earnings growth over the past year (77.5%) exceeded the Real Estate industry -47.8%.
Return on Equity
High ROE: T24's Return on Equity (5%) is considered low.
How is Tuan Sing Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: T24's short term assets (SGD1.1B) exceed its short term liabilities (SGD666.0M).
Long Term Liabilities: T24's short term assets (SGD1.1B) do not cover its long term liabilities (SGD1.3B).
Debt to Equity History and Analysis
Debt Level: T24's debt to equity ratio (125%) is considered high.
Reducing Debt: T24's debt to equity ratio has increased from 124.7% to 125% over the past 5 years.
Debt Coverage: T24's debt is not well covered by operating cash flow (4.7%).
Interest Coverage: T24's interest payments on its debt are not well covered by EBIT (0.4x coverage).
What is Tuan Sing Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: T24's dividend (1.46%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (1.84%).
High Dividend: T24's dividend (1.46%) is low compared to the top 25% of dividend payers in the SG market (4.71%).
Stability and Growth of Payments
Stable Dividend: T24's dividend payments have been volatile in the past 10 years.
Growing Dividend: T24's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (12.1%), T24's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: T24 is not forecast to pay a dividend in 3 years.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
William Liem Nursalim (47 yo)
Mr. William Nursalim, also known as William Liem, B.Sc., MBA, serves as an Interim Executive Director of SP Corporation Limited since February 10, 2020. He has been the Chief Executive Officer of Tuan Sing...
CEO Compensation Analysis
Compensation vs Market: William Liem's total compensation ($USD1.04M) is above average for companies of similar size in the SG market ($USD698.62K).
Compensation vs Earnings: William Liem's compensation has been consistent with company performance over the past year.
Experienced Management: T24's management team is considered experienced (4.1 years average tenure).
Experienced Board: T24's board of directors are seasoned and experienced ( 10.5 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tuan Sing Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Tuan Sing Holdings Limited
- Ticker: T24
- Exchange: SGX
- Founded: 1969
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: S$486.809m
- Shares outstanding: 1.19b
- Website: https://www.tuansing.com
Number of Employees
- Tuan Sing Holdings Limited
- 9 Oxley Rise
- No. 03-02 The Oxley
Tuan Sing Holdings Limited, an investment holding company, engages in the property development and investment, hotels investment, and industrial services businesses in Singapore, Australia, China, Malaysia...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/12 11:03|
|End of Day Share Price||2021/05/12 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.