SGX:I15

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Isetan (Singapore)

Executive Summary

Isetan (Singapore) Limited operates department stores and supermarkets in Singapore. More Details


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Isetan (Singapore)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: I15 is more volatile than 75% of SG stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: I15's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of SG stocks.


Market Performance


7 Day Return

-0.7%

I15

1.8%

SG Multiline Retail

1.9%

SG Market


1 Year Return

22.0%

I15

12.5%

SG Multiline Retail

5.8%

SG Market

Return vs Industry: I15 exceeded the SG Multiline Retail industry which returned 9.2% over the past year.

Return vs Market: I15 exceeded the SG Market which returned -1.6% over the past year.


Shareholder returns

I15IndustryMarket
7 Day-0.7%1.8%1.9%
30 Day-5.3%6.3%3.5%
90 Day42.3%1.6%7.8%
1 Year23.9%22.0%14.2%12.5%11.4%5.8%
3 Year18.8%13.9%-20.5%-24.7%-6.8%-18.3%
5 Year17.3%9.5%-3.9%-13.6%18.4%-3.3%

Long-Term Price Volatility Vs. Market

How volatile is Isetan (Singapore)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Isetan (Singapore) undervalued compared to its fair value and its price relative to the market?

1.65x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: I15 (SGD4.27) is trading above our estimate of fair value (SGD3.45)

Significantly Below Fair Value: I15 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: I15 is unprofitable, so we can't compare its PE Ratio to the XA Multiline Retail industry average.

PE vs Market: I15 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 I15's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: I15 is overvalued based on its PB Ratio (1.6x) compared to the XA Multiline Retail industry average (1.3x).


Next Steps

Future Growth

How is Isetan (Singapore) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

41.0%

Forecasted Retail 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 Isetan (Singapore) 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 Isetan (Singapore) performed over the past 5 years?

-21.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: I15 is currently unprofitable.

Growing Profit Margin: I15 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: I15 is unprofitable, and losses have increased over the past 5 years at a rate of 21.7% per year.

Accelerating Growth: Unable to compare I15's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: I15 is unprofitable, making it difficult to compare its past year earnings growth to the Multiline Retail industry (-38.8%).


Return on Equity

High ROE: I15 has a negative Return on Equity (-18.93%), as it is currently unprofitable.


Next Steps

Financial Health

How is Isetan (Singapore)'s financial position?


Financial Position Analysis

Short Term Liabilities: I15's short term assets (SGD79.3M) exceed its short term liabilities (SGD48.0M).

Long Term Liabilities: I15's short term assets (SGD79.3M) exceed its long term liabilities (SGD59.0M).


Debt to Equity History and Analysis

Debt Level: I15 is debt free.

Reducing Debt: I15 has not had any debt for 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 I15 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: I15 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 50.2% per year.


Next Steps

Dividend

What is Isetan (Singapore) current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate I15's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate I15'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 I15's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if I15's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: I15 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of I15'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?

1.8yrs

Average board tenure


CEO

Koji Oyama (53 yo)

0.58

Tenure

Mr. Koji Oyama serves as Executive Director & Managing Director at Isetan (Singapore) Limited since August 1, 2020 and had been its Non-Independent Non-Executive Director since May 1, 2020 until August 1, ...


Board Members

NamePositionTenureCompensationOwnership
Koji Oyama
MD & Executive Director0.58yrno datano data
Chuan Seng Yeo
Lead Independent Non-Executive Director1.75yrsS$58.00k0.0024%
SGD 4.3k
Bee Choo Lim
Independent Non-Executive Director8.67yrsS$58.00kno data
Chuan Lye Tan
Independent Non-Executive Director2.08yrsS$53.08kno data
Toyohiko Tanaka
Chairman of the Board1.83yrsno datano data

1.8yrs

Average Tenure

57yo

Average Age

Experienced Board: I15's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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

Isetan (Singapore) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Isetan (Singapore) Limited
  • Ticker: I15
  • Exchange: SGX
  • Founded: 1886
  • Industry: Department Stores
  • Sector: Retail
  • Market Cap: S$177.375m
  • Shares outstanding: 41.25m
  • Website: https://www.isetan.com.sg

Number of Employees


Location

  • Isetan (Singapore) Limited
  • No. 04-01 Isetan Office Building
  • 593 Havelock Road
  • Singapore
  • 169641
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
I15SGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 1992

Biography

Isetan (Singapore) Limited operates department stores and supermarkets in Singapore. The company operates in two segments, Retail and Property. It operates stores under the Isetan Scotts, Isetan Katong, Is...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/08 11:02
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.