Executive Summary
Isetan (Singapore) Limited operates department stores and supermarkets in Singapore. More Details
Risk Analysis
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
| I15 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | 1.8% | 1.9% |
| 30 Day | -5.3% | 6.3% | 3.5% |
| 90 Day | 42.3% | 1.6% | 7.8% |
| 1 Year | 23.9%22.0% | 14.2%12.5% | 11.4%5.8% |
| 3 Year | 18.8%13.9% | -20.5%-24.7% | -6.8%-18.3% |
| 5 Year | 17.3%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
2 weeks ago | Simply Wall St
We're Interested To See How Isetan (Singapore) (SGX:I15) Uses Its Cash Hoard To Grow1 month ago | Simply Wall St
How Much Of Isetan (Singapore) Limited (SGX:I15) Do Insiders Own?2 months ago | Simply Wall St
What Can The Trends At Isetan (Singapore) (SGX:I15) Tell Us About Their Returns?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
- Examine Isetan (Singapore)'s financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Isetan (Singapore) competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Retail industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 0.58yr | no data | no data | |
| Lead Independent Non-Executive Director | 1.75yrs | S$58.00k | 0.0024% SGD 4.3k | |
| Independent Non-Executive Director | 8.67yrs | S$58.00k | no data | |
| Independent Non-Executive Director | 2.08yrs | S$53.08k | no data | |
| Chairman of the Board | 1.83yrs | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| I15 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Jan 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/08 11:02 |
| End of Day Share Price | 2021/03/08 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.