Loading...

United Engineers

SGX:U04
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
U04
SGX
SGD2B
Market Cap
  1. Home
  2. SG
  3. Real Estate
Company description

United Engineers Limited engages in the property, engineering and distribution, and manufacturing businesses in Singapore and internationally. The last earnings update was 20 days ago. More info.


Add to Portfolio Compare Print
  • United Engineers is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
U04 Share Price and Events
7 Day Returns
0%
SGX:U04
-1.1%
SG Real Estate
0.3%
SG Market
1 Year Returns
-4.5%
SGX:U04
-8%
SG Real Estate
-6.4%
SG Market
U04 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
United Engineers (U04) 0% 2.4% -0.4% -4.5% 6.7% 17.6%
SG Real Estate -1.1% 1.6% 5.6% -8% 5.7% -5.1%
SG Market 0.3% 3% 4.7% -6.4% 10.1% -2%
1 Year Return vs Industry and Market
  • U04 outperformed the Real Estate industry which returned -8% over the past year.
  • U04 outperformed the Market in Singapore which returned -6.4% over the past year.
Price Volatility
U04
Industry
5yr Volatility vs Market

U04 Value

 Is United Engineers 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
  • It is not possible to calculate the future cash flow value for United Engineers. This is due to cash flow or dividend data being unavailable. The share price is SGD2.54.
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 United Engineers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are United Engineers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:U04 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.09
SGX:U04 Share Price ** SGX (2019-04-24) in SGD SGD2.54
Singapore Real Estate Industry PE Ratio Median Figure of 38 Publicly-Listed Real Estate Companies 9.35x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.16x

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

** Primary Listing of United Engineers.

SGX:U04 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:U04 Share Price ÷ EPS (both in SGD)

= 2.54 ÷ 0.09

29.08x

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

  • United Engineers is overvalued based on earnings compared to the SG Real Estate industry average.
  • United Engineers is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does United Engineers's expected growth come at a high price?
Raw Data
SGX:U04 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Singapore Real Estate Industry PEG Ratio Median Figure of 14 Publicly-Listed Real Estate Companies -0.16x
Singapore Market PEG Ratio Median Figure of 120 Publicly-Listed Companies 1.58x

*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 United Engineers, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on United Engineers's assets?
Raw Data
SGX:U04 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD3.13
SGX:U04 Share Price * SGX (2019-04-24) in SGD SGD2.54
Singapore Real Estate Industry PB Ratio Median Figure of 46 Publicly-Listed Real Estate Companies 0.57x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:U04 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:U04 Share Price ÷ Book Value per Share (both in SGD)

= 2.54 ÷ 3.13

0.81x

* Primary Listing of United Engineers.

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

  • United Engineers is overvalued based on assets compared to the SG Real Estate industry average.
X
Value checks
We assess United Engineers'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. United Engineers has a total score of 0/6, 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.

U04 Future Performance

 How is United Engineers expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 United Engineers 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
-10.2%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is United Engineers expected to grow at an attractive rate?
  • Unable to compare United Engineers's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare United Engineers's earnings growth to the Singapore market average as no estimate data is available.
  • Unable to compare United Engineers's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:U04 Future Growth Rates Data Sources
Data Point Source Value (per year)
Singapore Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -10.2%
Singapore Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.8%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:U04 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:U04 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SGX:U04 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 375 -360 56
2018-09-30 473 -28 54
2018-06-30 510 70 55
2018-03-31 539 85 90
2017-12-31 526 203 87
2017-09-30 471 211 58
2017-06-30 454 195 61
2017-03-31 441 195 27
2016-12-31 480 276 27
2016-09-30 504 414 65
2016-06-30 582 493 64
2016-03-31 683 462 72

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if United Engineers is high growth as no earnings estimate data is available.
  • Unable to determine if United Engineers is high growth as no revenue estimate data is available.
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:U04 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 0 Analyst Estimates (S&P Global) See Below

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

SGX:U04 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SGX:U04 Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.09
2018-09-30 0.08
2018-06-30 0.09
2018-03-31 0.14
2017-12-31 0.14
2017-09-30 0.09
2017-06-30 0.10
2017-03-31 0.04
2016-12-31 0.04
2016-09-30 0.10
2016-06-30 0.10
2016-03-31 0.11

*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.
  • Unable to establish if United Engineers will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of U04’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. United Engineers's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  3. United Engineers's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess United Engineers'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.
United Engineers 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.

U04 Past Performance

  How has United Engineers 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 United Engineers'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.
  • United Engineers's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • United Engineers's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • United Engineers's 1-year earnings growth is negative, it can't be compared to the SG Real Estate industry average.
Earnings and Revenue History
United Engineers'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 United Engineers Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:U04 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 374.91 55.69 115.32
2018-09-30 473.24 54.01 118.59
2018-06-30 509.95 55.42 123.39
2018-03-31 538.50 89.79 129.64
2017-12-31 525.80 87.12 129.74
2017-09-30 470.58 58.19 129.74
2017-06-30 454.09 60.70 130.42
2017-03-31 441.00 26.56 128.07
2016-12-31 479.70 27.32 130.31
2016-09-30 504.44 64.58 130.73
2016-06-30 581.90 63.62 130.12
2016-03-31 682.99 72.17 128.41
2015-12-31 851.19 71.55 133.16
2015-09-30 1,387.02 41.06 160.84
2015-06-30 1,910.52 42.47 197.22
2015-03-31 2,843.41 46.88 237.37
2014-12-31 3,209.32 45.97 271.23
2014-09-30 3,020.23 98.27 283.62
2014-06-30 3,049.49 98.76 295.17
2014-03-31 2,207.26 89.97 273.73
2013-12-31 1,664.92 89.48 231.96
2013-09-30 1,354.42 77.53 187.33
2013-06-30 774.85 77.78 132.33
2013-03-31 615.51 69.80 108.48
2012-12-31 595.74 72.10 97.14
2012-09-30 534.25 88.50 107.56
2012-06-30 1,121.68 235.48 103.79

*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.
  • United Engineers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • United Engineers used its assets less efficiently than the SG Real Estate industry average last year based on Return on Assets.
  • United Engineers's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess United Engineers'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.
United Engineers has a total score of 0/6, 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.

U04 Health

 How is United Engineers'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 United Engineers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • United Engineers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • United Engineers's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of United Engineers'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 covered by short term assets, assets are 1.2x 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 United Engineers Company Filings, last reported 3 months ago.

SGX:U04 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,210.89 1,088.71 256.73
2018-09-30 2,188.30 811.45 275.85
2018-06-30 2,197.02 819.32 340.85
2018-03-31 2,222.83 829.39 395.47
2017-12-31 2,207.57 831.02 389.37
2017-09-30 2,172.73 845.00 367.24
2017-06-30 2,161.46 850.52 334.69
2017-03-31 2,189.28 948.07 504.80
2016-12-31 2,194.89 1,191.45 593.20
2016-09-30 2,198.04 1,193.88 670.92
2016-06-30 2,232.07 1,265.88 181.03
2016-03-31 2,329.69 1,239.58 459.18
2015-12-31 2,387.47 1,443.76 475.12
2015-09-30 2,373.15 1,550.35 435.07
2015-06-30 2,334.97 1,699.06 446.21
2015-03-31 2,434.53 1,711.60 611.20
2014-12-31 2,380.19 1,716.91 461.99
2014-09-30 2,392.66 2,206.32 650.13
2014-06-30 2,354.08 2,733.12 744.56
2014-03-31 2,364.49 2,829.60 813.75
2013-12-31 2,521.36 2,882.28 830.44
2013-09-30 2,367.42 2,717.26 661.91
2013-06-30 1,922.56 3,175.17 769.83
2013-03-31 1,311.85 1,937.22 517.74
2012-12-31 1,305.94 1,539.52 345.31
2012-09-30 1,254.77 1,456.58 497.03
2012-06-30 1,234.92 1,446.04 441.11
  • United Engineers's level of debt (49.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (114.4% vs 49.2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess United Engineers'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. United Engineers has a total score of 3/6, 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.

U04 Dividends

 What is United Engineers'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
1.18%
Current annual income from United Engineers dividends.
If you bought SGD2,000 of United Engineers shares you are expected to receive SGD24 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?
  • United Engineers's pays a lower dividend yield than the bottom 25% of dividend payers in Singapore (2.51%).
  • United Engineers's dividend is below the markets top 25% of dividend payers in Singapore (5.47%).
Upcoming dividend payment

Purchase United Engineers 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:U04 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 0 Analyst Estimates (S&P Global) See Below
Singapore Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.1%
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 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:U04 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
SGX:U04 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-04-04 0.030 1.188
2018-04-26 0.040 1.534
2017-04-07 0.120 4.490
2016-02-26 0.080 3.247
2015-04-06 0.100 4.614
2014-02-28 0.070 2.761
2013-02-28 0.100 4.696
2012-02-28 0.150 5.988
2011-04-12 0.100 4.899
2011-03-01 0.100 4.027
2010-04-16 0.090 3.736
2010-02-24 0.090 4.059

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

  • United Engineers is not paying a notable dividend for Singapore, therefore no need to check if the payments are stable.
  • United Engineers is not paying a notable dividend for Singapore, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of United Engineers's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of United Engineers's dividends as it is not paying a notable one for Singapore.
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 United Engineers'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 United Engineers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. United Engineers has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

U04 Management

 What is the CEO of United Engineers'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
Roy Tan
COMPENSATION SGD1,077,441
AGE 46
TENURE AS CEO 1.5 years
CEO Bio

Mr. Chee Keong Tan, also known as Roy, has been Group Managing Director and Non-Independent & Executive Director at United Engineers Limited since October 19, 2017 and served as its Group Chief Financial Officer from February 1, 2015 to October 21, 2017. Mr. Tan has more than 15 years' experience in operations management, business development and strategic planning. He served as Group Chief Strategy Officer at WBL Corporation Limited. Mr. Tan joined WBL Corporation Limited in 2006 and is responsibilities include strategic development for WBL. In his career, he served in various managerial and strategic roles at OCBC Bank, Singapore Technologies Electronics and PhillipCapital. Mr. Tan served as Group General Manager and Group Corporate Development at Multi-Fineline Electronix Inc. He joined Wearnes in May 2006. He held various positions in OCBC Bank, ST Electronics and PhillipCapital. He has been a Non-Independent Director of MFS Technology Ltd since December 26, 2014. He served as a Non-Independent Director of Multi-Fineline Electronix, Inc. from October 2012 to July 27, 2016. He is a FRM certified by Global Association of Risk Professionals, a CFA charterholder and a member of CFA Institute. He graduated from University of Oxford with a Bachelor of Arts (Honours) in Mathematics. He obtained a Master of Social Sciences in Applied Economics and an MSc in Management of Technology from the National University of Singapore.

CEO Compensation
  • Insufficient data for Roy to compare compensation growth.
  • Roy's remuneration is higher than average for companies of similar size in Singapore.
Management Team Tenure

Average tenure and age of the United Engineers management team in years:

2.9
Average Tenure
60
Average Age
  • The tenure for the United Engineers management team is about average.
Management Team

Sheng Jian Zhong

TITLE
Executive Chairman
COMPENSATION
SGD17K
AGE
60

Roy Tan

TITLE
Group MD and Non-Independent & Executive Director
COMPENSATION
SGD1M
AGE
46
TENURE
1.5 yrs

Norman Ip

TITLE
Senior Advisor
COMPENSATION
SGD659K
AGE
66
TENURE
1.5 yrs

Sonny Tan

TITLE
Group Financial Controller
TENURE
9.3 yrs

Sharon Teng

TITLE
General Manager of Group Human Resources

Allan Chen

TITLE
Managing Director of China Division
TENURE
3.5 yrs

Hong Wai Chan

TITLE
Managing Director of Manufacturing Division
AGE
56
TENURE
2.9 yrs

Steven Ong

TITLE
Chief Executive Officer of Engineering & Distribution Division
AGE
61
TENURE
2.9 yrs

Gwendolyn Gn

TITLE
Company Secretary
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the United Engineers board of directors in years:

1.6
Average Tenure
57
Average Age
  • The average tenure for the United Engineers board of directors is less than 3 years, this suggests a new board.
Board of Directors

Sheng Jian Zhong

TITLE
Executive Chairman
COMPENSATION
SGD17K
AGE
60
TENURE
1.6 yrs

Roy Tan

TITLE
Group MD and Non-Independent & Executive Director
COMPENSATION
SGD1M
AGE
46
TENURE
1.5 yrs

David Wong

TITLE
Independent & Non Executive Director
COMPENSATION
SGD109K
AGE
64
TENURE
8.3 yrs

Lee Suan Hiang

TITLE
Independent & Non Executive Director
COMPENSATION
SGD22K
AGE
68
TENURE
1.6 yrs

Ser Luck Teo

TITLE
Lead Independent & Non-Executive Director
COMPENSATION
SGD26K
AGE
49
TENURE
1.6 yrs

Seck Guan Pua

TITLE
Non-Independent & Non-Executive Director
COMPENSATION
SGD17K
AGE
54
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
01. Mar 19 Buy Yanlord Land Group Limited Company 27. Feb 19 27. Feb 19 6,105,000 SGD2.51 SGD15,335,760
26. Dec 18 Buy See Ching Eric Low Individual 21. Dec 18 21. Dec 18 305,200 SGD2.57 SGD782,872
30. Nov 18 Sell Oxley Holdings Limited Company 28. Nov 18 28. Nov 18 -6,375,000 SGD2.55 SGD-16,256,241
27. Sep 18 Buy See Ching Eric Low Individual 25. Sep 18 25. Sep 18 1,296,400 SGD2.68 SGD3,475,125
10. Oct 18 Buy See Ching Eric Low Individual 08. Oct 18 08. Oct 18 466,000 SGD0.48 SGD222,004
16. Jul 18 Buy Yanlord Land Group Limited Company 12. Jul 18 12. Jul 18 116,500 SGD2.71 SGD315,715
12. Jul 18 Buy Yanlord Land Group Limited Company 10. Jul 18 11. Jul 18 204,500 SGD2.73 SGD557,115
10. Jul 18 Buy Yanlord Land Group Limited Company 06. Jul 18 06. Jul 18 96,900 SGD2.72 SGD263,956
27. Jun 18 Buy Oxley Holdings Limited Company 26. Jun 18 26. Jun 18 545,800 SGD2.80 SGD1,526,984
26. Jun 18 Buy Yanlord Land Group Limited Company 22. Jun 18 22. Jun 18 305,000 SGD2.79 SGD852,445
21. Jun 18 Buy Yanlord Land Group Limited Company 19. Jun 18 20. Jun 18 360,000 SGD2.78 SGD998,627
04. Jun 18 Buy Yanlord Land Group Limited Company 31. May 18 31. May 18 310,000 SGD2.81 SGD871,100
04. Jun 18 Buy Oxley Holdings Limited Company 31. May 18 31. May 18 1,113,900 SGD2.82 SGD3,139,136
31. May 18 Buy Yanlord Land Group Limited Company 28. May 18 28. May 18 118,000 SGD2.81 SGD331,580
28. May 18 Buy Yanlord Land Group Limited Company 25. May 18 25. May 18 223,600 SGD2.82 SGD630,552
28. May 18 Buy Yanlord Land Group Limited Company 24. May 18 24. May 18 296,500 SGD2.82 SGD835,063
24. May 18 Buy Yanlord Land Group Limited Company 22. May 18 23. May 18 510,100 SGD2.81 SGD1,430,558
22. May 18 Buy Yanlord Land Group Limited Company 18. May 18 18. May 18 367,600 SGD2.78 SGD1,023,729
14. May 18 Buy Yanlord Land Group Limited Company 10. May 18 10. May 18 685,600 SGD2.72 SGD1,864,352
10. May 18 Buy Yanlord Land Group Limited Company 08. May 18 08. May 18 200,000 SGD2.68 SGD536,000
09. May 18 Buy Oxley Holdings Limited Company 07. May 18 07. May 18 1,529,000 SGD2.67 SGD4,084,355
X
Management checks
We assess United Engineers'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. United Engineers 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.

U04 News

Simply Wall St News

United Engineers Limited’s (SGX:U04) Insiders Ramped Up Holdings - Should You?

United Engineers's insiders have invested. … A well-known argument is that insiders investing more in their own companies’ shares sends an optimistic signal … A two-decade research published in The MIT Press (1998) showed that stocks following insider buying outperformed the market by 4.5%.

Simply Wall St -

Should You Be Tempted To Sell United Engineers Limited (SGX:U04) Because Of Its PE Ratio?

considerably outstripping the 12.36x average multiple of the Construction. … Yes, this expensive multiple can initially be deterring, but there are many company-specific elements which are not captured in such a static ratio – such as its growth outlook and debt obligations … To resolve this problem, I’ll identify some important factors to consider when judging the relative valuation of

Simply Wall St -

What Do Analysts Think About the future of United Engineers Limited's (SGX:U04)?

United Engineers Limited's (SGX:U04) … drives analysts to expect … decline of -32.93% annualised

Simply Wall St -

Who Just Ramped Up Their Shares In United Engineers Limited (SGX:U04)?

Probing further into annual growth rates,United Engineers is expected to experience negative growth in its top-line over the next year, which indicates the company may be facing some headwinds. … This could indicate insider transactions are not driven by share price changes but perhaps due to their belief of the company's growth prospects or just personal portfolio re-weighting. … Next Steps: United Engineers’s net buying tells us the stock is in favour with some insiders, though negative growth in expected earnings contests this assumption, and the relatively stable stock price may not warrant exploiting any mispricing.

Simply Wall St -

Is United Engineers Limited (SGX:U04) Undervalued?

United Engineers Limited (SGX:U04), a construction company based in Singapore, saw a double-digit share price rise of over 10% in the past couple of months on the SGX. … Furthermore, United Engineers’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. … If you are no longer interested in United Engineers, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

Simply Wall St -

Does United Engineers Limited's (SGX:U04) PE Ratio Signal A Selling Opportunity?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for U04 Price per share = SGD2.75 Earnings per share = SGD0.14 ∴ Price-Earnings Ratio = SGD2.75 ÷ SGD0.14 = 19.6x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … Ultimately, our goal is to compare the stock’s P/E ratio to the average of companies that have similar attributes to U04, such as company lifetime and products sold.

Simply Wall St -

What Should You Know About United Engineers Limited's (SGX:U04) Long Term Outlook?

In December 2017, United Engineers Limited (SGX:U04) announced its latest earnings update, which revealed that the business gained from a significant tailwind, more than doubling its earnings from the prior year. … Below is my commentary, albeit very simple and high-level, on how market analysts predict United Engineers's earnings growth outlook over the next couple of years and whether the future looks even brighter than the past. … See our latest analysis for United Engineers Analysts' expectations for the coming year seems pessimistic, with earnings reducing by a double-digit -73.63%.

Simply Wall St -

What Do Expectations Tell Us About United Engineers Limited's (SGX:U04) Margins In The Future?

Margin Calculation for U04 Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 89.51 Million ÷ 539.36 Million = 16.60% The past five years have seen United Engineers's margin contract, with net income declining at -25.69% on average, which was quicker than the average fall in revenue of -5.51%, meaning that the decrease in revenue has coincided with a smaller portion falling to the bottom line. … This suggests the future earnings decline is driven further by an increase in costs rather than a dramatic fall in revenue potential, which is squeezing the incremental amount of net income that is retained from the forecasted revenue increase. … Thus, it is essential to run your own analysis on United Engineers's future expectations whilst maintaining a watchful eye over cost behaviour, because if the business is able to maintain their revenue trajectory, there may be an opportunity to return to positive earnings growth and attractive returns.

Simply Wall St -

Why I Sold United Engineers Limited (SGX:U04)

U04 also generates a sufficient level of earnings which amply covers its annual interest payment 4.27x. … U04 has high near term liquidity, with short term assets (cash and other liquid assets) amply covering upcoming one-year liabilities, as well as long-term commitments. … Moreover, comparing U04's current share price to its peers based on its industry and earnings level, it's overvalued by 58.73%, with a PE ratio of 18.52x vs.

Simply Wall St -

Is United Engineers Limited (SGX:U04) A Financially Sound Company?

How does U04’s operating cash flow stack up against its debt? … On top of this, U04 has generated S$203.96M in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 24.54%, signalling that U04’s debt is appropriately covered by operating cash. … For U04, the ratio of 4.27x suggests that interest is appropriately covered, which means that lenders may be inclined to lend more money to the company, as it is seen as safe in terms of payback.Next Steps: Although U04’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings.

Simply Wall St -

U04 Company Info

Description

United Engineers Limited engages in the property, engineering and distribution, and manufacturing businesses in Singapore and internationally. The company develops residential, commercial, industrial, mixed-use, and build-to-suit projects; provides project management and asset management services for shopping malls, office buildings, and mixed-use developments; and manages hotel keys, serviced suites and offices, and convention centers. It also offers systems integration services for broadcasting and multimedia, communications, information technology, and security and surveillance sectors; and distributes construction materials, laundry and boiler equipment, automotive parts, construction and marine equipment, and liquefied petroleum gas, as well as engages in sand mining activities. In addition, the company manufactures die-cast precision parts and components; and provides turnkey manufacturing solutions. Further, it trades in marine and heavy equipment, as well as operates as a civil, electrical, and mechanical engineers and contractors. Additionally, the company supplies, delivers, tests, and commissions telecommunication, stage rigging, audio-visual, studio projection and lighting equipment, data communication, and card access and security systems, as well as provides after sales services; produces bio-electronic products, and electronic components and connectors; and offers investment management services. United Engineers Limited was founded in 1912 and is based in Singapore.

Details
Name: United Engineers Limited
U04
Exchange: SGX
Founded: 1912
SGD1,551,837,165
615,808,399
Website: http://www.uel.sg
Address: United Engineers Limited
12 Ang Mo Kio Street 64,
No. 03A-01 UE BizHub CENTRAL,
Singapore,
569088,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX U04 Ordinary Stock Units Singapore Exchange SG SGD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
United Engineers employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 12:35
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2018/02/22
Last earnings filing: 2019/04/04
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.