SGX:U14

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

UOL Group Limited primarily engages in the property development and investment, and hotel businesses. More Details


Snowflake Analysis

Adequate balance sheet with reasonable growth potential and pays a dividend.


Similar Companies

Share Price & News

How has UOL Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: U14 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: U14's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-0.1%

U14

1.2%

SG Real Estate

1.3%

SG Market


1 Year Return

10.5%

U14

-7.9%

SG Real Estate

-1.6%

SG Market

Return vs Industry: U14 exceeded the SG Real Estate industry which returned -7.9% over the past year.

Return vs Market: U14 exceeded the SG Market which returned -1.6% over the past year.


Shareholder returns

U14IndustryMarket
7 Day-0.1%1.2%1.3%
30 Day0.7%2.6%2.2%
90 Day-1.2%3.1%6.6%
1 Year13.2%10.5%-4.5%-7.9%3.5%-1.6%
3 Year-9.9%-15.8%-20.5%-27.5%-7.2%-18.6%
5 Year40.4%25.3%2.6%-11.3%17.0%-4.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is UOL Group undervalued compared to its fair value and its price relative to the market?

24.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: U14 (SGD7.39) is trading below our estimate of fair value (SGD9.77)

Significantly Below Fair Value: U14 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: U14 is poor value based on its PE Ratio (473.7x) compared to the SG Real Estate industry average (13.7x).

PE vs Market: U14 is poor value based on its PE Ratio (473.7x) compared to the SG market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: U14 is poor value based on its PEG Ratio (9.2x)


Price to Book Ratio

PB vs Industry: U14 is overvalued based on its PB Ratio (0.6x) compared to the SG Real Estate industry average (0.5x).


Next Steps

Future Growth

How is UOL Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

51.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: U14's forecast earnings growth (51.6% per year) is above the savings rate (2%).

Earnings vs Market: U14's earnings (51.6% per year) are forecast to grow faster than the SG market (25.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: U14's revenue (12.7% per year) is forecast to grow faster than the SG market (9.1% per year).

High Growth Revenue: U14's revenue (12.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: U14's Return on Equity is forecast to be low in 3 years time (3%).


Next Steps

Past Performance

How has UOL Group performed over the past 5 years?

-8.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: U14 has a large one-off loss of SGD262.1M impacting its December 31 2020 financial results.

Growing Profit Margin: U14's current net profit margins (0.7%) are lower than last year (20.9%).


Past Earnings Growth Analysis

Earnings Trend: U14's earnings have declined by 8.9% per year over the past 5 years.

Accelerating Growth: U14's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: U14 had negative earnings growth (-97.2%) over the past year, making it difficult to compare to the Real Estate industry average (-45.7%).


Return on Equity

High ROE: U14's Return on Equity (0.6%) is considered low.


Next Steps

Financial Health

How is UOL Group's financial position?


Financial Position Analysis

Short Term Liabilities: U14's short term assets (SGD4.5B) exceed its short term liabilities (SGD2.3B).

Long Term Liabilities: U14's short term assets (SGD4.5B) exceed its long term liabilities (SGD3.9B).


Debt to Equity History and Analysis

Debt Level: U14's debt to equity ratio (36%) is considered satisfactory.

Reducing Debt: U14's debt to equity ratio has increased from 30.6% to 36% over the past 5 years.

Debt Coverage: U14's debt is not well covered by operating cash flow (11.4%).

Interest Coverage: U14's interest payments on its debt are well covered by EBIT (6.5x coverage).


Balance Sheet


Next Steps

Dividend

What is UOL Group current dividend yield, its reliability and sustainability?

2.03%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: U14's dividend (2.03%) is higher than the bottom 25% of dividend payers in the SG market (1.88%).

High Dividend: U14's dividend (2.03%) is low compared to the top 25% of dividend payers in the SG market (4.82%).


Stability and Growth of Payments

Stable Dividend: U14's dividends per share have been stable in the past 10 years.

Growing Dividend: U14's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (961.5%), U14's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: U14's dividends in 3 years are forecast to be well covered by earnings (47.9% payout ratio).


Next Steps

Management

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

2.2yrs

Average management tenure


CEO

Wee Sin Liam (61 yo)

2.17yrs

Tenure

S$2,132,000

Compensation

Mr. Wee Sin Liam has been Group Chief Executive at UOL Group Limited since January 2, 2019 and as its Executive Non-independent Director since April 25, 2019. Mr. Liam served as Deputy Group Chief Executiv...


CEO Compensation Analysis

Compensation vs Market: Wee Sin's total compensation ($USD1.59M) is about average for companies of similar size in the SG market ($USD1.97M).

Compensation vs Earnings: Insufficient data to compare Wee Sin's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Wee Sin Liam
Group Chief Executive & Executive Non Independent Director2.17yrsS$2.13m0.034%
SGD 2.1m
Hwee Peng Goh
Chief Investment & Asset Officer2.17yrsno datano data
Soon Hup Neo
Chief Operating Officer of Pan Pacific Hotels Group Limited2.17yrsno data0.0061%
SGD 383.1k
Bing Seng Kwa
Chief Financial Officer0.17yrno data0.0066%
SGD 416.4k
Sarah Ng
Assistant General Manager of Corporate Communicationsno datano datano data
Sien Seu Yeong
Chief Legal Officer & Company Secretaryno datano data0.0036%
SGD 222.6k
Mern Ye Tai
General Manager of Human Resourceno datano datano data
Peng Sum Choe
Chief Executive Officer of Pan Pacific Hotels Group Limited1.5yrsno datano data
Weng Foon Kwan
Senior General Manager of Project Development-Chinano datano datano data

2.2yrs

Average Tenure

56yo

Average Age

Experienced Management: U14's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Wee Sin Liam
Group Chief Executive & Executive Non Independent Director2.17yrsS$2.13m0.034%
SGD 2.1m
Cho-Yaw Wee
Chairman of the Board48.17yrsS$154.00k0.64%
SGD 40.0m
Ee Lim Wee
Non-Executive & Non-Independent Deputy Chairmanno dataS$107.00k0.031%
SGD 1.9m
Ee-Chao Wee
Non-Executive & Non-Independent Director14.83yrsS$50.00k0.0041%
SGD 257.1k
Hon Thang Poon
Non-Executive & Independent Director4.83yrsS$63.00kno data
Chin Yong Lee
Non-Executive Independent Director1.17yrsno datano data
Weng Keong Low
Non-Executive & Independent Director15.33yrsS$142.00k0.0045%
SGD 280.3k
Tiong Cheng Tan
Non-Executive & Independent Director7.83yrsS$75.00k0.014%
SGD 895.4k
Hwee Cher Sim
Non Executive Independent Director1.92yrsS$50.00kno data

6.3yrs

Average Tenure

66yo

Average Age

Experienced Board: U14's board of directors are considered experienced (6.3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

UOL Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: UOL Group Limited
  • Ticker: U14
  • Exchange: SGX
  • Founded: 1963
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: S$6.271b
  • Shares outstanding: 843.96m
  • Website: https://www.uol.com.sg

Number of Employees


Location

  • UOL Group Limited
  • 101 Thomson Road
  • No. 33-00 United Square
  • Singapore
  • 307591
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
U14SGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 1992
U1ODB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
UOLG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
UOLG.YOTCPK (Pink Sheets LLC)SPON ADRUSUSDNov 1992

Biography

UOL Group Limited primarily engages in the property development and investment, and hotel businesses. Its property development projects include residential units, office towers and shopping malls, and hote...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/08 11:06
End of Day Share Price2021/03/08 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.