Serial System Ltd, an investment holding company, distributes electronic and electrical components, and consumer products. More Details
+ 1 more risk
Mediocre balance sheet and overvalued.
Share Price & News
How has Serial System's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: S69 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: S69's weekly volatility (8%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: S69 exceeded the SG Electronic industry which returned 23.6% over the past year.
Return vs Market: S69 exceeded the SG Market which returned 15.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Serial System's share price compared to the market and industry in the last 5 years?
Simply Wall St News
22 hours ago | Simply Wall StDid You Miss Serial System's (SGX:S69) Impressive 121% Share Price Gain?
1 month ago | Simply Wall StDid Serial System Ltd (SGX:S69) Insiders Buy Up More Shares?
2 months ago | Simply Wall StWe Think Serial System (SGX:S69) Can Stay On Top Of Its Debt
Is Serial System undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: S69 (SGD0.15) is trading above our estimate of fair value (SGD0.02)
Significantly Below Fair Value: S69 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: S69 is poor value based on its PE Ratio (375.5x) compared to the SG Electronic industry average (13.5x).
PE vs Market: S69 is poor value based on its PE Ratio (375.5x) compared to the SG market (15.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate S69's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: S69 is good value based on its PB Ratio (0.7x) compared to the SG Electronic industry average (0.9x).
How is Serial System forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Tech 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 Serial System 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.
How has Serial System performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: S69 has a large one-off loss of $2.3M impacting its December 31 2020 financial results.
Growing Profit Margin: S69's current net profit margins (0.04%) are lower than last year (1%).
Past Earnings Growth Analysis
Earnings Trend: S69's earnings have declined by 6.9% per year over the past 5 years.
Accelerating Growth: S69's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: S69 had negative earnings growth (-96.7%) over the past year, making it difficult to compare to the Electronic industry average (4.6%).
Return on Equity
High ROE: S69's Return on Equity (0.9%) is considered low.
How is Serial System's financial position?
Financial Position Analysis
Short Term Liabilities: S69's short term assets ($340.8M) exceed its short term liabilities ($234.0M).
Long Term Liabilities: S69's short term assets ($340.8M) exceed its long term liabilities ($11.0M).
Debt to Equity History and Analysis
Debt Level: S69's debt to equity ratio (90.9%) is considered high.
Reducing Debt: S69's debt to equity ratio has reduced from 169.6% to 90.9% over the past 5 years.
Debt Coverage: S69's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: S69's interest payments on its debt are not well covered by EBIT (1.7x coverage).
What is Serial System current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: S69's dividend (0.75%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (1.85%).
High Dividend: S69's dividend (0.75%) is low compared to the top 25% of dividend payers in the SG market (4.84%).
Stability and Growth of Payments
Stable Dividend: S69 is not paying a notable dividend for the SG market, therefore no need to check if payments are stable.
Growing Dividend: S69 is not paying a notable dividend for the SG market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: S69 is not paying a notable dividend for the SG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of S69's dividend in 3 years as they are not forecast to pay a notable one for the SG market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Derek Goh (59 yo)
Dr. Bak Heng Goh, also known as Derek, BBM, serves as Chief Executive Officer of Serial Microelectronics Korea Limited. Dr. Goh founded Serial System Ltd. in 1988 and has been its Executive Chairman and Gr...
CEO Compensation Analysis
Compensation vs Market: Derek's total compensation ($USD2.26M) is above average for companies of similar size in the SG market ($USD383.75K).
Compensation vs Earnings: Derek's compensation has been consistent with company performance over the past year.
Experienced Management: S69's management team is seasoned and experienced (10.2 years average tenure).
Experienced Board: S69's board of directors are considered experienced (4.1 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Serial System Ltd's company bio, employee growth, exchange listings and data sources
- Name: Serial System Ltd
- Ticker: S69
- Exchange: SGX
- Founded: 1988
- Industry: Technology Distributors
- Sector: Tech
- Market Cap: S$132.585m
- Shares outstanding: 895.84m
- Website: https://www.serialsystem.com
Number of Employees
- Serial System Ltd
- No. 05-01, Serial System Building
- 8 Ubi View
Serial System Ltd, an investment holding company, distributes electronic and electrical components, and consumer products. It operates in three segments: Electronic Components Distribution, Consumer Produc...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/16 16:36|
|End of Day Share Price||2021/06/16 00:00|
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.