SGX:M01

Stock Analysis Report

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Executive Summary

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. More Details


Snowflake Analysis

Mediocre balance sheet second-rate dividend payer.

Share Price & News

How has Metro Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: M01 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.2%

M01

-3.1%

SG Multiline Retail

-3.7%

SG Market


1 Year Return

-27.3%

M01

-3.3%

SG Multiline Retail

-25.7%

SG Market

Return vs Industry: M01 underperformed the SG Multiline Retail industry which returned -1.3% over the past year.

Return vs Market: M01 underperformed the SG Market which returned -24.9% over the past year.


Shareholder returns

M01IndustryMarket
7 Day-2.2%-3.1%-3.7%
30 Day-1.4%-2.1%-1.9%
90 Day-8.7%-7.4%-4.7%
1 Year-25.3%-27.3%-1.5%-3.3%-21.6%-25.7%
3 Year-39.9%-46.5%-20.6%-24.8%-23.1%-32.4%
5 Year-5.5%-24.9%-16.6%-24.9%-8.5%-25.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

17.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: M01 (SGD0.68) is trading above our estimate of fair value (SGD0.42)

Significantly Below Fair Value: M01 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: M01 is good value based on its PE Ratio (17.5x) compared to the XA Multiline Retail industry average (23.9x).

PE vs Market: M01 is poor value based on its PE Ratio (17.5x) compared to the SG market (12.9x).


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 (1.2x).


Next Steps

Future Growth

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

41.2%

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.


Next Steps

Past Performance

How has Metro Holdings performed over the past 5 years?

-9.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: M01 has high quality earnings.

Growing Profit Margin: M01's current net profit margins (15.3%) are lower than last year (55.9%).


Past Earnings Growth Analysis

Earnings Trend: M01's earnings have declined by 9.1% per year over the past 5 years.

Accelerating Growth: M01's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: M01 had negative earnings growth (-66.5%) over the past year, making it difficult to compare to the Multiline Retail industry average (-33.2%).


Return on Equity

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


Next Steps

Financial Health

How is Metro Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: M01's short term assets (SGD829.4M) exceed its short term liabilities (SGD208.6M).

Long Term Liabilities: M01's short term assets (SGD829.4M) exceed its long term liabilities (SGD499.0M).


Debt to Equity History and Analysis

Debt Level: M01's debt to equity ratio (37.1%) is considered satisfactory.

Reducing Debt: M01's debt to equity ratio has increased from 12.2% to 37.1% over the past 5 years.

Debt Coverage: M01's operating cash flow is negative, therefore debt is not well covered.

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


Balance Sheet


Next Steps

Dividend

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

2.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: M01's dividend (2.94%) is higher than the bottom 25% of dividend payers in the SG market (2.55%).

High Dividend: M01's dividend (2.94%) is low compared to the top 25% of dividend payers in the SG market (5.56%).


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 increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.4%), M01's dividend payments are 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?

2.2yrs

Average management tenure


CEO

Hoong Mun Yip (58 yo)

1.33yrs

Tenure

S$2,014,944

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 ($USD1.47M) is above average for companies of similar size in the SG market ($USD844.56K).

Compensation vs Earnings: Insufficient data to compare Hoong Mun's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Hoong Mun Yip
Group CEO & Executive Director1.33yrsS$2.01mno data
Bee Leng Chan
CFO & Joint Company Secretary2.17yrsno datano data
Kok Sung Chiang
1.33yrsS$2.12mno data
Leng Seng Goh
Head of Property Development Technical Servicesno datano datano data
Ching Chek Tan
Joint Company Secretary17.42yrsno datano data
Kai Kong Tang
Chief Executive Officer of Metro (Private) Limited8.08yrsno datano data

2.2yrs

Average Tenure

57.5yo

Average Age

Experienced Management: M01's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hoong Mun Yip
Group CEO & Executive Director1.33yrsS$2.01mno data
Soo Khoon Tan
Non-Executive & Independent Director8.83yrsS$150.00kno data
Chong Ong
Non-Executive Director13.33yrsS$157.00k0.31%
SGD 1.8m
Bah Lee Phua
Non-Executive & Independent Director27yrsS$81.00k0.0088%
SGD 49.3k
Sioe Hong Wong
Executive Chairman of Metro (Private) Limited8yrsno datano data
Wee Choo
Non-Executive & Independent Chairman13.25yrsS$239.00kno data
Siew Yin Lee
Non-Executive & Independent Director2.33yrsS$97.00kno data
Ai Lian Fang
Non-Executive & Independent Director12.25yrsS$129.00kno data

10.5yrs

Average Tenure

66.5yo

Average Age

Experienced Board: M01's board of directors are seasoned and experienced ( 10.5 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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Metro Holdings Limited
  • Ticker: M01
  • Exchange: SGX
  • Founded: 1957
  • Industry: Department Stores
  • Sector: Retail
  • Market Cap: S$563.064m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
M01SGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 1992

Biography

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 internationa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 12:48
End of Day Share Price2020/10/30 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.