Serial System Management
Management criteria checks 2/4
Serial System's CEO is Derek Goh, appointed in Jan 1997, has a tenure of 28.08 years. total yearly compensation is $1.17M, comprised of 45.5% salary and 54.5% bonuses, including company stock and options. directly owns 40.43% of the company’s shares, worth SGD16.83M. The average tenure of the management team and the board of directors is 9.8 years and 1.1 years respectively.
Key information
Derek Goh
Chief executive officer
US$1.2m
Total compensation
| CEO salary percentage | 45.5% |
| CEO tenure | 28.1yrs |
| CEO ownership | 40.4% |
| Management average tenure | 9.8yrs |
| Board average tenure | 1.1yrs |
Recent management updates
Recent updates
Serial System (SGX:S69) Hasn't Managed To Accelerate Its Returns
Dec 06
We Think Serial System (SGX:S69) Is Taking Some Risk With Its Debt
Oct 07It Looks Like Serial System Ltd's (SGX:S69) CEO May Expect Their Salary To Be Put Under The Microscope
Apr 23Serial System (SGX:S69) Has Debt But No Earnings; Should You Worry?
Apr 08Does Serial System (SGX:S69) Have A Healthy Balance Sheet?
Dec 08These Return Metrics Don't Make Serial System (SGX:S69) Look Too Strong
May 12Serial System (SGX:S69) Seems To Be Using A Lot Of Debt
Feb 25Serial System (SGX:S69) Will Be Hoping To Turn Its Returns On Capital Around
Jan 17Estimating The Intrinsic Value Of Serial System Ltd (SGX:S69)
Dec 06Serial System's (SGX:S69) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Oct 11Serial System (SGX:S69) Will Be Hoping To Turn Its Returns On Capital Around
Apr 04We Think Serial System (SGX:S69) Can Stay On Top Of Its Debt
Apr 04Should You Be Worried About Serial System's (SGX:S69) Returns On Capital?
Mar 09A Look At Serial System's (SGX:S69) Share Price Returns
Feb 10Does Serial System (SGX:S69) Have A Healthy Balance Sheet?
Dec 18CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | -US$7m |
| Mar 31 2024 | n/a | n/a | -US$11m |
| Dec 31 2023 | US$1m | US$534k | -US$15m |
| Sep 30 2023 | n/a | n/a | -US$16m |
| Jun 30 2023 | n/a | n/a | -US$18m |
| Mar 31 2023 | n/a | n/a | -US$11m |
| Dec 31 2022 | US$2m | US$532k | -US$5m |
| Sep 30 2022 | n/a | n/a | US$531k |
| Jun 30 2022 | n/a | n/a | US$6m |
| Mar 31 2022 | n/a | n/a | US$8m |
| Dec 31 2021 | US$1m | US$449k | US$11m |
| Sep 30 2021 | n/a | n/a | US$11m |
| Jun 30 2021 | n/a | n/a | US$11m |
| Mar 31 2021 | n/a | n/a | US$5m |
| Dec 31 2020 | US$1m | US$395k | US$261k |
| Sep 30 2020 | n/a | n/a | -US$2m |
| Jun 30 2020 | n/a | n/a | -US$2m |
| Mar 31 2020 | n/a | n/a | US$3m |
| Dec 31 2019 | US$2m | US$547k | US$8m |
| Sep 30 2019 | n/a | n/a | US$8m |
| Jun 30 2019 | n/a | n/a | US$16m |
| Mar 31 2019 | n/a | n/a | US$16m |
| Dec 31 2018 | US$2m | US$534k | US$18m |
Compensation vs Market: Derek's total compensation ($USD1.17M) is above average for companies of similar size in the SG market ($USD384.59K).
Compensation vs Earnings: Derek's compensation has been consistent with company performance over the past year.
CEO
Derek Goh (62 yo)
28.1yrs
Tenure
US$1,172,882
Compensation
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 was its Executive Chairman since March...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 28.1yrs | US$1.17m | 40.43% SGD 16.8m | |
| VP of Business Development & Marketing and Executive Director | 5.8yrs | US$153.42k | 0.030% SGD 12.6k | |
| Deputy Group CEO & Executive Director | 2.6yrs | US$481.07k | no data | |
| Group CFO & Group Company Secretary | 13.8yrs | no data | no data | |
| President of Serial Microelectronics Inc. - Taiwan | 4.2yrs | no data | no data | |
| President of Serial Microelectronics (Hk) Ltd - Hong Kong & China | 23.6yrs | no data | no data | |
| President of Serial Microelectronics Korea Limited - South Korea | 25.8yrs | no data | 1.19% SGD 497.2k | |
| Secretary of the Company | less than a year | no data | no data |
9.8yrs
Average Tenure
44yo
Average Age
Experienced Management: S69's management team is seasoned and experienced (9.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 1.1yrs | US$1.17m | 40.43% SGD 16.8m | |
| VP of Business Development & Marketing and Executive Director | 3.1yrs | US$153.42k | 0.030% SGD 12.6k | |
| Deputy Group CEO & Executive Director | 3.3yrs | US$481.07k | no data | |
| Independent Non-Executive Director | less than a year | no data | no data | |
| Independent Non-Executive Director | less than a year | no data | no data | |
| Independent Non-Executive Deputy Chairman of the Board | 7.6yrs | US$46.98k | no data | |
| Independent Non-Executive Director | 1.1yrs | no data | no data | |
| Non-Executive Non-Independent Director | 5.8yrs | US$34.10k | no data | |
| Independent Non-Executive Director | less than a year | no data | no data |
1.1yrs
Average Tenure
51yo
Average Age
Experienced Board: S69's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/15 08:48 |
| End of Day Share Price | 2025/02/14 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Serial System Ltd is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Suvro Sarkar | DBS Vickers Research |
| Jinshu Liu | Tayrona Financial |