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Global Invacom Group

SGX:QS9
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QS9
SGX
SGD11M
Market Cap
  1. Home
  2. SG
  3. Tech
Company description

Global Invacom Group Limited, an investment holding company, researches and develops, designs, and supplies integrated satellite communications equipment in the United States, Europe, Asia, and internationally. The last earnings update was 14 days ago. More info.


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  • Global Invacom Group has significant price volatility in the past 3 months.
QS9 Share Price and Events
7 Day Returns
26%
SGX:QS9
-0.5%
SG Communications
0.3%
SG Market
1 Year Returns
-47.5%
SGX:QS9
-23.5%
SG Communications
-6.2%
SG Market
QS9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Global Invacom Group (QS9) 26% 125% 110% -47.5% -41.1% -86.6%
SG Communications -0.5% 6.2% 9.7% -23.5% -36.5% -66.3%
SG Market 0.3% 3.1% 3.7% -6.2% 8.5% -3%
1 Year Return vs Industry and Market
  • QS9 underperformed the Communications industry which returned -23.5% over the past year.
  • QS9 underperformed the Market in Singapore which returned -6.2% over the past year.
Price Volatility
QS9
Industry
5yr Volatility vs Market

Value

 Is Global Invacom Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Global Invacom Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Global Invacom Group.

SGX:QS9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.8%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:QS9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.09 (1 + (1- 17%) (142.24%))
1.923
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (1.923 * 5.96%)
13.76%

Discounted Cash Flow Calculation for SGX:QS9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Global Invacom Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:QS9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.76%)
2019 0.99 Est @ 16.32% 0.87
2020 1.10 Est @ 12.11% 0.85
2021 1.21 Est @ 9.17% 0.82
2022 1.29 Est @ 7.11% 0.77
2023 1.36 Est @ 5.67% 0.72
2024 1.43 Est @ 4.66% 0.66
2025 1.48 Est @ 3.95% 0.60
2026 1.54 Est @ 3.46% 0.55
2027 1.58 Est @ 3.11% 0.50
2028 1.63 Est @ 2.87% 0.45
Present value of next 10 years cash flows $6.78
SGX:QS9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1.63 × (1 + 2.3%) ÷ (13.76% – 2.3%)
$14.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $14.54 ÷ (1 + 13.76%)10
$4.01
SGX:QS9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6.78 + $4.01
$10.78
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $10.78 / 271.66
$0.04
SGX:QS9 Discount to Share Price
Calculation Result
Exchange Rate USD/SGD
(Reporting currency to currency of SGX:QS9)
1.355
Value per Share
(SGD)
= Value per Share in USD x Exchange Rate (USD/SGD)
= $0.04 x 1.355
SGD0.05
Value per share (SGD) From above. SGD0.05
Current discount Discount to share price of SGD0.06
= -1 x (SGD0.06 - SGD0.05) / SGD0.05
-17.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Global Invacom Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Global Invacom Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Global Invacom Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:QS9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.01
SGX:QS9 Share Price ** SGX (2019-04-22) in SGD SGD0.06
SGX:QS9 Share Price converted to USD reporting currency Exchange rate (SGD/ USD) 0.738 $0.05
Asia Communications Industry PE Ratio Median Figure of 31 Publicly-Listed Communications Companies 12.57x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Global Invacom Group.

SGX:QS9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:QS9 Share Price ÷ EPS (both in USD)

= 0.05 ÷ 0.01

8.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Global Invacom Group is good value based on earnings compared to the Asia Communications industry average.
  • Global Invacom Group is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does Global Invacom Group's expected growth come at a high price?
Raw Data
SGX:QS9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
31.4%per year
Asia Communications Industry PEG Ratio Median Figure of 9 Publicly-Listed Communications Companies 0.78x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.63x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Global Invacom Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Global Invacom Group's assets?
Raw Data
SGX:QS9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.21
SGX:QS9 Share Price * SGX (2019-04-22) in SGD SGD0.06
SGX:QS9 Share Price converted to USD reporting currency Exchange rate (SGD/ USD) 0.738 $0.05
Singapore Communications Industry PB Ratio Median Figure of 5 Publicly-Listed Communications Companies 0.99x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:QS9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:QS9 Share Price ÷ Book Value per Share (both in USD)

= 0.05 ÷ 0.21

0.22x

* Primary Listing of Global Invacom Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Global Invacom Group is good value based on assets compared to the SG Communications industry average.
X
Value checks
We assess Global Invacom Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. Global Invacom Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Global Invacom Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Global Invacom Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
31.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Global Invacom Group expected to grow at an attractive rate?
  • Global Invacom Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Global Invacom Group's earnings growth is expected to exceed the Singapore market average.
  • Unable to compare Global Invacom Group's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:QS9 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:QS9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 31.4%
Asia Communications Industry Earnings Growth Rate Market Cap Weighted Average 8.6%
Asia Communications Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.9%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:QS9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:QS9 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SGX:QS9 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 122 4 2
2018-09-30 116 5 1
2018-06-30 114 5 2
2018-03-31 117 4 3
2017-12-31 116 -1 3
2017-09-30 117 -2 -1
2017-06-30 120 -1 -1
2017-03-31 124 2 -1
2016-12-31 127 3 -3
2016-09-30 139 6 5
2016-06-30 139 2 1
2016-03-31 133 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Global Invacom Group's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Global Invacom Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:QS9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Global Invacom Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:QS9 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SGX:QS9 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.01
2018-09-30 0.01
2018-06-30 0.01
2018-03-31 0.01
2017-12-31 0.01
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 0.02
2016-06-30 0.00
2016-03-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Global Invacom Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Global Invacom Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Global Invacom Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Global Invacom Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Global Invacom Group's growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Global Invacom Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Global Invacom Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Global Invacom Group's 1-year earnings growth is negative, it can't be compared to the Asia Communications industry average.
Earnings and Revenue History
Global Invacom Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Global Invacom Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:QS9 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 122.29 1.54 23.14
2018-09-30 115.68 1.43 22.08
2018-06-30 113.68 2.00 21.49
2018-03-31 117.10 2.67 21.56
2017-12-31 115.71 2.95 21.24
2017-09-30 116.91 -0.81 21.56
2017-06-30 120.46 -0.80 22.09
2017-03-31 124.08 -1.44 23.35
2016-12-31 127.31 -2.70 24.51
2016-09-30 139.29 4.69 23.36
2016-06-30 139.41 1.28 26.50
2016-03-31 132.83 -0.85 26.52
2015-12-31 129.11 -1.13 27.19
2015-09-30 118.31 -4.83 28.68
2015-06-30 118.27 -1.39 25.83
2015-03-31 126.26 2.34 25.59
2014-12-31 134.14 5.10 24.92
2014-09-30 132.21 6.70 24.24
2014-06-30 130.28 8.30 23.56
2014-03-31 123.01 8.17 21.87
2013-12-31 115.75 8.04 20.18
2013-09-30 107.42 -3.35 19.92
2013-06-30 99.09 -14.73 19.66
2013-03-31 86.89 -16.24 17.79
2012-12-31 74.70 -17.75 15.93

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Global Invacom Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Global Invacom Group used its assets less efficiently than the Asia Communications industry average last year based on Return on Assets.
  • Global Invacom Group has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Global Invacom Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Global Invacom Group has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Global Invacom Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Global Invacom Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Global Invacom Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Global Invacom Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Global Invacom Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Global Invacom Group Company Filings, last reported 3 months ago.

SGX:QS9 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 56.61 11.97 8.38
2018-09-30 56.19 9.90 9.77
2018-06-30 56.21 8.60 13.39
2018-03-31 55.93 9.44 12.51
2017-12-31 55.47 8.03 7.15
2017-09-30 54.72 8.72 8.87
2017-06-30 53.98 8.51 10.13
2017-03-31 52.85 6.30 7.64
2016-12-31 52.31 6.11 7.94
2016-09-30 55.18 7.40 11.46
2016-06-30 54.69 5.60 12.48
2016-03-31 54.47 6.87 10.43
2015-12-31 54.46 7.84 8.87
2015-09-30
2015-06-30 51.35 2.47 19.38
2015-03-31 60.08 0.00 21.58
2014-12-31 60.08 0.00 21.58
2014-09-30 60.08 0.00 21.58
2014-06-30 47.79 0.47 14.79
2014-03-31 47.79 0.47 14.79
2013-12-31 44.79 0.13 15.05
2013-09-30 44.79 0.13 15.05
2013-06-30 59.36 0.20 24.98
2013-03-31 59.36 0.20 24.98
2012-12-31 35.98 0.62 21.17
  • Global Invacom Group's level of debt (21.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.3% vs 21.2% today).
  • Debt is well covered by operating cash flow (31.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.8x coverage).
X
Financial health checks
We assess Global Invacom Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Global Invacom Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Global Invacom Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Global Invacom Group dividends.
If you bought SGD2,000 of Global Invacom Group shares you are expected to receive SGD0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Global Invacom Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Global Invacom Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:QS9 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Asia Communications Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 3.2%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:QS9 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
SGX:QS9 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2016-11-11 0.000 0.000
2016-08-04 0.000 0.000
2016-05-12 0.000 0.000
2016-04-11 0.000 0.000
2016-02-25 0.000 0.000
2015-04-13 0.004 2.635
2015-02-25 0.004 1.464
2014-02-27 0.004 1.148

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Global Invacom Group has not reported any payouts.
  • Unable to verify if Global Invacom Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Global Invacom Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Global Invacom Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Global Invacom Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Global Invacom Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Global Invacom Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Global Invacom Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tony Taylor
COMPENSATION $0
AGE 56
CEO Bio

Mr. Anthony Brian Taylor, also known as Tony, serves as the Chief Executive Officer and Executive Chairman of Global Invacom Group Limited. Mr. Taylor is the Managing Director at Global Invacom Limited since September 2006. Mr. Taylor has been the Managing Director of Global Invacom Holdings Limited since 2006. Mr. Taylor served as the General Manager of Amphenol Limited from 2002 to 2006. He served as the Chief Executive Officer of TechnoFusion GmbH from 1999 to 2002 and served as the General Manager of Amphenol Limited from 2002 to 2006. Mr. Taylor’s entire professional career has been spent working within international high technology businesses with diverse commercial propositions which include semiconductors, automotive electronics, military and satellite-related products. He has over 20 years business management experience, in the UK and abroad, he has held senior management positions in multinational companies such as Amphenol, Phillips and ST Microelectronics. He served as the District Sales Manager at Harris-MHS/MHS Semiconductor Sales Limited from 1984 to 1987. From 1987 to 1990, he was the European & Export Sales Manager at Marconi Electronic Devices before becoming the Product Manager at SGS-THOMSON Microelectronics from 1990 to 1999. He is the Executive Chairman of Global Invacom Limited. He has been an Executive Chairman of Global Invacom Group Limited since October 26, 2010 and has been its Executive Director since August 18, 2010. Mr. Taylor served as the Executive Chairman of Radiance Group Limited since October 26, 2010 and its Executive Director since August 18, 2010. He has been an Executive Director of Global Invacom Holdings Limited since August 18, 2010 He serves as a Director of Global Invacom Limited and Fibre TV To Home Limited. He served as a Director of Invacom Limited and Amphenol Borg Pensions Limited. Mr. Taylor holds a Bachelor of Science, Electronics degree (with honours) from Coventry University in the United Kindgom. Mr. Taylor holds a Bachelor of Science, Electronics degree (with Honours) from Coventry University in the United Kingdom.

CEO Compensation
  • Insufficient data for Tony to compare compensation growth.
  • Tony's remuneration is lower than average for companies of similar size in Singapore.
Management Team Tenure

Average tenure and age of the Global Invacom Group management team in years:

3.3
Average Tenure
56
Average Age
  • The tenure for the Global Invacom Group management team is about average.
Management Team

Tony Taylor

TITLE
Executive Chairman & CEO
AGE
56

Matthew Garner

TITLE
CFO & Executive Director
AGE
53
TENURE
5.3 yrs

Malcolm Burrell

TITLE
CTO & Executive Director
AGE
59
TENURE
0.8 yrs

Gordon Blaikie

TITLE
Chief Operating Officer
TENURE
3.2 yrs

Wendy Isabel Fern

TITLE
Group Financial Controller

Loo Yoo

TITLE
Company Secretary
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the Global Invacom Group board of directors in years:

7.8
Average Tenure
56
Average Age
  • The tenure for the Global Invacom Group board of directors is about average.
Board of Directors

Tony Taylor

TITLE
Executive Chairman & CEO
AGE
56
TENURE
8.5 yrs

Matthew Garner

TITLE
CFO & Executive Director
AGE
53
TENURE
5 yrs

Malcolm Burrell

TITLE
CTO & Executive Director
AGE
59
TENURE
8.7 yrs

Cos Borrelli

TITLE
Independent Director
COMPENSATION
$95K
AGE
51
TENURE
9.3 yrs

John Lim

TITLE
Lead Independent Director
COMPENSATION
$105K
AGE
56

Basil Chan

TITLE
Independent Director
COMPENSATION
$95K
AGE
67
TENURE
7 yrs

Kenny Sim

TITLE
Non-Independent Non-Executive Director
COMPENSATION
$53K
AGE
48
TENURE
3.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
04. Jun 18 Buy Joe Harper Limited Company 16. May 18 16. May 18 497,900 SGD0.12 SGD59,748
X
Management checks
We assess Global Invacom Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Global Invacom Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Global Invacom Group Limited (SGX:QS9): Risks You Need To Consider Before Buying

If you are looking to invest in Global Invacom Group Limited’s (SGX:QS9), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … The most widely used metric to quantify a stock's market risk is beta, and the market as a whole represents a beta of one.

Simply Wall St -

With An ROE Of 4.77%, Can Global Invacom Group Limited (SGX:QS9) Catch Up To The Industry?

and want to begin learning the link between company’s fundamentals and stock market performance. … Global Invacom Group Limited’s (SGX:QS9) most recent return on equity was a substandard 4.77% relative to its industry performance of 9.62% over the past year. … Though QS9's recent performance is underwhelming, it is useful to understand what ROE is made up of and how it should be interpreted.

Simply Wall St -

What You Must Know About Global Invacom Group Limited's (SGX:QS9) Financial Strength

Investors are always looking for growth in small-cap stocks like Global Invacom Group Limited (SGX:QS9), with a market cap of US$26.35m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Is Global Invacom Group Limited (SGX:QS9) A Financially Sound Company?

Investors are always looking for growth in small-cap stocks like Global Invacom Group Limited (SGX:QS9), with a market cap of S$27.17m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Does Global Invacom Group Limited (SGX:QS9) Fall With The Market?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Any stock with a beta of greater than one is considered more volatile than the market, and those with a beta less than one is generally less volatile. … See our latest analysis for Global Invacom Group An interpretation of QS9's beta With a beta of 1.74, Global Invacom Group is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn.

Simply Wall St -

Global Invacom Group Limited (SGX:QS9): Assessing Capital Returns

Therefore, looking at how efficiently Global Invacom Group is able to use capital to create earnings will help us understand your potential return. … See our latest analysis for Global Invacom Group Global Invacom Group's Return On Capital Employed You only have a finite amount of capital to invest, so there are only so many companies that you can add to your portfolio. … SGX:QS9 Last Perf Apr 21st 18 A deeper look Global Invacom Group's relatively poor ROCE is tied to the movement in two factors that change over time: earnings and capital requirements.

Simply Wall St -

Why Global Invacom Group Limited's (SGX:QS9) Investor Composition Impacts Your Returns

Today, I will be analyzing Global Invacom Group Limited’s (SGX:QS9) recent ownership structure, an important but not-so-popular subject among individual investors. … Private Company Ownership Another important group of owners for potential investors in QS9 are private companies that hold a stake of 11.56% in QS9. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: Institutional ownership in QS9 is not at a level that would concern investors.

Simply Wall St -

What You Must Know About Global Invacom Group Limited's (SGX:QS9) Financial Strength

Looking at QS9’s most recent US$26.92M liabilities, the company has been able to meet these obligations given the level of current assets of US$58.81M, with a current ratio of 2.18x. … We can check to see whether QS9 is able to meet its debt obligations by looking at the net interest coverage ratio. … In QS9's, case, the ratio of 6.21x suggests that interest is appropriately covered, which means that debtors may be willing to loan the company more money, giving QS9 ample headroom to grow its debt facilities.Next Steps: QS9’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Does Global Invacom Group Limited's (SGX:QS9) PE Ratio Warrant A Buy?

By comparing a stock’s price per share to its earnings per share, we are able to see how much investors are paying for each dollar of the company’s earnings. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for QS9 Price per share = $0.1 Earnings per share = $0.011 ∴ Price-Earnings Ratio = $0.1 ÷ $0.011 = 9.2x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … Since QS9's P/E of 9.2x is lower than its industry peers (27.4x), it means that investors are paying less than they should for each dollar of QS9's earnings.

Simply Wall St -

With An ROE Of 5.32%, Can Global Invacom Group Limited (SGX:QS9) Catch Up To The Industry?

See our latest analysis for Global Invacom Group Breaking down Return on Equity Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Global Invacom Group’s cost of equity is 10.05%. … This means Global Invacom Group’s returns actually do not cover its own cost of equity, with a discrepancy of -4.74%.

Simply Wall St -

Company Info

Description

Global Invacom Group Limited, an investment holding company, researches and develops, designs, and supplies integrated satellite communications equipment in the United States, Europe, Asia, and internationally. The company operates through Satellite Communications and Contract Manufacturing segments. It offers low noise blocks; very small aperture terminals (VSAT); video distribution systems; in home distribution systems; fiber integrated reception systems; antennas; accessories, such as fiber splitters, termination and installation products, cleaning kits, fiber optic cable solutions, cleaving and splicing solutions, and test and measurement equipment; and rack mount products for use in Uplink stations, cable heads, SNGV's, Ob trucks, GPS, VSAT, and teleports. The company also provides electronics manufacturing services, as well as radio frequency over fiber solutions for commercial, government, and military markets; and supplies custom and bespoke products in various technology areas. In addition, it operates Provision online store that offers wireless video streamers, Provision HDLive, and accessories; manufactures and sells precision waveguide systems and waveguide components for military radar, medical, aerospace, and communication industries; and offers tvLINK systems. Further, the company designs products for the reception and transmission of satellite signals; designs and sells HD video transmission and reception technology; and provides technical support services. It serves broadcasters, building developers and electrical contractors, installers and integrators, and mobile system integrators. Global Invacom Group Limited was founded in 1985 and is headquartered in Singapore.

Details
Name: Global Invacom Group Limited
QS9
Exchange: SGX
Founded: 1985
SGD11,409,813
271,662,227
Website: http://www.globalinvacom.com
Address: Global Invacom Group Limited
Suntec Tower Three,
No. 18-02A, 8 Temasek Boulevard,
Singapore,
038988,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX QS9 New Ordinary Shares Singapore Exchange SG SGD 06. Jul 2012
AIM GINV New Ordinary Shares London Stock Exchange AIM Market GB GBP 06. Jul 2012
Number of employees
Current staff
Staff numbers
984
Global Invacom Group employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 12:57
End of day share price update: 2019/04/22 00:00
Last estimates confirmation: 2017/02/23
Last earnings filing: 2019/04/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.