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Market Cap

S$57.1m

Last Updated

2021/04/17 11:08 UTC

Data Sources

Company Financials

Executive Summary

Sunright Limited, an investment holding company, provides burn-in, testing, and electronic manufacturing services to semiconductor and electronics manufacturers in Singapore, Malaysia, China, Taiwan, Hong Kong, India, the Philippines, Thailand, Vietnam, the United States, and internationally. More Details


Snowflake Analysis

Excellent balance sheet with poor track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: S71 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: S71's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-3.1%

S71

-1.3%

SG Semiconductor

0.4%

SG Market


1 Year Return

40.9%

S71

79.8%

SG Semiconductor

22.1%

SG Market

Return vs Industry: S71 underperformed the SG Semiconductor industry which returned 79.8% over the past year.

Return vs Market: S71 exceeded the SG Market which returned 22.1% over the past year.


Shareholder returns

S71IndustryMarket
7 Day-3.1%-1.3%0.4%
30 Day6.9%5.4%3.7%
90 Day-10.6%4.3%6.3%
1 Year42.0%40.9%86.4%79.8%27.7%22.1%
3 Year-39.9%-40.8%69.1%46.0%-0.2%-12.0%
5 Year132.4%126.8%424.8%267.3%20.9%-0.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

20.76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: S71 (SGD0.47) is trading above our estimate of fair value (SGD0.44)

Significantly Below Fair Value: S71 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: S71 is poor value based on its PE Ratio (20.8x) compared to the SG Semiconductor industry average (20.1x).

PE vs Market: S71 is poor value based on its PE Ratio (20.8x) compared to the SG market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate S71's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: S71's PB Ratio (0.7x) is in line with the SG Semiconductor industry average.


Future Growth

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

20.8%

Forecasted Semiconductors 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 Sunright 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 Sunright performed over the past 5 years?

-21.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: S71 has a large one-off gain of SGD1.2M impacting its January 31 2021 financial results.

Growing Profit Margin: S71 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: S71's earnings have declined by 21.4% per year over the past 5 years.

Accelerating Growth: S71 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: S71 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (8.6%).


Return on Equity

High ROE: S71's Return on Equity (2%) is considered low.


Financial Health

How is Sunright's financial position?


Financial Position Analysis

Short Term Liabilities: S71's short term assets (SGD134.9M) exceed its short term liabilities (SGD27.7M).

Long Term Liabilities: S71's short term assets (SGD134.9M) exceed its long term liabilities (SGD7.1M).


Debt to Equity History and Analysis

Debt Level: S71's debt to equity ratio (4.2%) is considered satisfactory.

Reducing Debt: S71's debt to equity ratio has reduced from 19.2% to 4.2% over the past 5 years.

Debt Coverage: S71's debt is well covered by operating cash flow (247.4%).

Interest Coverage: Insufficient data to determine if S71's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Sunright current dividend yield, its reliability and sustainability?

0.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: S71's dividend (0.65%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (1.87%).

High Dividend: S71's dividend (0.65%) is low compared to the top 25% of dividend payers in the SG market (4.62%).


Stability and Growth of Payments

Stable Dividend: S71 is not paying a notable dividend for the SG market, therefore no need to check if payments are stable.

Growing Dividend: S71 is not paying a notable dividend for the SG market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: S71 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of S71'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?

27.3yrs

Average board tenure


CEO

Samuel Lim (66 yo)

43.08yrs

Tenure

Mr. Syn Soo Lim, also known as Samuel has been Executive Chairman and Chief Executive Officer of Sunright Limited since March 9, 1978. Mr. Lim serves as the Chief Executive Officer of KESM Industries Bhd. ...


Board Members

Experienced Board: S71's board of directors are seasoned and experienced ( 27.3 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.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Sunright Limited
  • Ticker: S71
  • Exchange: SGX
  • Founded: 1978
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: S$57.105m
  • Shares outstanding: 122.81m
  • Website: https://www.sunright.com

Number of Employees


Location

  • Sunright Limited
  • Block 1093
  • No. 02-01/08, Lower Delta Road
  • Singapore
  • 169204
  • Singapore

Listings


Biography

Sunright Limited, an investment holding company, provides burn-in, testing, and electronic manufacturing services to semiconductor and electronics manufacturers in Singapore, Malaysia, China, Taiwan, Hong ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/17 11:08
End of Day Share Price2021/04/16 00:00
Earnings2021/01/31
Annual Earnings2020/07/31


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.