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M01

Metro HoldingsSGX:M01 Stock Report

Last Price

S$0.75

Market Cap

S$633.4m

7D

-2.6%

1Y

-2.0%

Updated

20 Jan, 2022

Data

Company Financials
M01 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends2/6

M01 Stock Overview

Metro Holdings Limited, together with its subsidiaries, engages in retail, and property development and investment businesses in Singapore, China, Indonesia, the United Kingdom, Australia, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Metro Holdings
Historical stock prices
Current Share PriceS$0.75
52 Week HighS$0.82
52 Week LowS$0.70
Beta0.62
1 Month Change0%
3 Month Change2.04%
1 Year Change-1.96%
3 Year Change-24.24%
5 Year Change-28.23%
Change since IPO66.16%

Recent News & Updates

Shareholder Returns

M01SG Multiline RetailSG Market
7D-2.6%-1.4%0.4%
1Y-2.0%-1.2%3.7%

Return vs Industry: M01 matched the SG Multiline Retail industry which returned -1.2% over the past year.

Return vs Market: M01 underperformed the SG Market which returned 3.7% over the past year.

Price Volatility

Is M01's price volatile compared to industry and market?
M01 volatility
M01 Average Weekly Movement2.2%
Multiline Retail Industry Average Movement4.1%
Market Average Movement4.6%
10% most volatile stocks in SG Market12.2%
10% least volatile stocks in SG Market2.1%

Stable Share Price: M01 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: M01's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1957n/aHoong Mun Yiphttps://www.metroholdings.com.sg

Metro Holdings Limited, together with its subsidiaries, engages in retail, and property development and investment businesses in Singapore, China, Indonesia, the United Kingdom, Australia, and internationally. The company operates through two segments, Property Investment and Development, and Retail. It leases shopping and office spaces, as well as invests in property-related investments; and develops and sells residential and mixed-use properties.

Metro Holdings Fundamentals Summary

How do Metro Holdings's earnings and revenue compare to its market cap?
M01 fundamental statistics
Market CapS$633.45m
Earnings (TTM)S$35.30m
Revenue (TTM)S$107.47m

17.6x

P/E Ratio

5.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
M01 income statement (TTM)
RevenueS$107.47m
Cost of RevenueS$85.84m
Gross ProfitS$21.63m
Expenses-S$13.67m
EarningsS$35.30m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.043
Gross Margin20.13%
Net Profit Margin32.85%
Debt/Equity Ratio47.2%

How did M01 perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

47%

Payout Ratio

Valuation

Is Metro Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: M01 (SGD0.75) is trading below our estimate of fair value (SGD2.2)

Significantly Below Fair Value: M01 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: M01 is good value based on its PE Ratio (17.6x) compared to the Asian Multiline Retail industry average (19.9x).

PE vs Market: M01 is poor value based on its PE Ratio (17.6x) compared to the SG market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate M01's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: M01 is good value based on its PB Ratio (0.4x) compared to the XA Multiline Retail industry average (1.3x).


Future Growth

How is Metro Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

30.7%

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 Metro Holdings 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.


Past Performance

How has Metro Holdings performed over the past 5 years?

-21.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: M01 has a large one-off loss of SGD16.1M impacting its September 30 2021 financial results.

Growing Profit Margin: M01's current net profit margins (32.9%) are higher than last year (17.9%).


Past Earnings Growth Analysis

Earnings Trend: M01's earnings have declined by 21.2% per year over the past 5 years.

Accelerating Growth: M01's earnings growth over the past year (13.7%) exceeds its 5-year average (-21.2% per year).

Earnings vs Industry: M01 earnings growth over the past year (13.7%) underperformed the Multiline Retail industry 16.8%.


Return on Equity

High ROE: M01's Return on Equity (2.2%) is considered low.


Financial Health

How is Metro Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: M01's short term assets (SGD904.1M) exceed its short term liabilities (SGD361.7M).

Long Term Liabilities: M01's short term assets (SGD904.1M) exceed its long term liabilities (SGD525.9M).


Debt to Equity History and Analysis

Debt Level: M01's net debt to equity ratio (23.7%) is considered satisfactory.

Reducing Debt: M01's debt to equity ratio has increased from 0.7% to 47.2% over the past 5 years.

Debt Coverage: M01's debt is not well covered by operating cash flow (5.8%).

Interest Coverage: Insufficient data to determine if M01's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Metro Holdings's current dividend yield, its reliability and sustainability?

2.67%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: M01's dividend (2.67%) is higher than the bottom 25% of dividend payers in the SG market (2%).

High Dividend: M01's dividend (2.67%) is low compared to the top 25% of dividend payers in the SG market (5.52%).


Stability and Growth of Payments

Stable Dividend: M01's dividend payments have been volatile in the past 10 years.

Growing Dividend: M01's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.9%), M01's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

6.4yrs

Average management tenure


CEO

Hoong Mun Yip (59 yo)

2.58yrs

Tenure

S$2,301,000

Compensation

Mr. Hoong Mun Yip has been the Group Chief Executive Officer and Executive Director of Metro Holdings Limited since June 1, 2019. He has served as Deputy Group Chief Executive Officer of Metro Holdings Lim...


CEO Compensation Analysis

Compensation vs Market: Hoong Mun's total compensation ($USD1.71M) is above average for companies of similar size in the SG market ($USD548.55K).

Compensation vs Earnings: Hoong Mun's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: M01's management team is seasoned and experienced (6.4 years average tenure).


Board Members

Experienced Board: M01's board of directors are considered experienced (9.7 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Metro Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Metro Holdings Limited
  • Ticker: M01
  • Exchange: SGX
  • Founded: 1957
  • Industry: Department Stores
  • Sector: Retail
  • Implied Market Cap: S$633.447m
  • Shares outstanding: 828.04m
  • Website: https://www.metroholdings.com.sg

Location

  • Metro Holdings Limited
  • No. 19-00, Tower A
  • 391A Orchard Road
  • Singapore
  • 238873
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 11:01
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.