SGX:B07

Stock Analysis Report

Executive Summary

NGSC Limited, an investment holding company, provides satellite-based services in the People’s Republic of China and Singapore.


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: B07 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

B07

0.5%

SG Telecom

-4.8%

SG Market


1 Year Return

-50.0%

B07

-16.6%

SG Telecom

-29.0%

SG Market

Return vs Industry: B07 underperformed the SG Telecom industry which returned -17.7% over the past year.

Return vs Market: B07 underperformed the SG Market which returned -27.3% over the past year.


Shareholder returns

B07IndustryMarket
7 Day0%0.5%-4.8%
30 Day0%-7.4%-20.7%
90 Dayn/a-12.8%-27.1%
1 Year-50.0%-50.0%-13.6%-16.6%-26.0%-29.0%
3 Year-50.0%-50.0%-9.6%-19.1%-21.4%-29.7%
5 Year-66.7%-66.7%-4.5%-19.4%-20.4%-33.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.09x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate B07's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate B07's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: B07 is good value based on its PE Ratio (1.1x) compared to the Telecom industry average (15.1x).

PE vs Market: B07 is good value based on its PE Ratio (1.1x) compared to the SG market (10.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate B07's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: B07 is good value based on its PB Ratio (0.4x) compared to the XA Telecom industry average (1.3x).


Next Steps

Future Growth

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

8.2%

Forecasted Telecom 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 NGSC 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 NGSC performed over the past 5 years?

40.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: B07 has a high level of non-cash earnings.

Growing Profit Margin: B07 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: B07 has become profitable over the past 5 years, growing earnings by 40.2% per year.

Accelerating Growth: B07 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: B07 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Telecom industry (9.3%).


Return on Equity

High ROE: B07's Return on Equity (33.1%) is considered high.


Next Steps

Financial Health

How is NGSC's financial position?


Financial Position Analysis

Short Term Liabilities: B07's short term assets (SGD16.2M) exceed its short term liabilities (SGD2.9M).

Long Term Liabilities: B07 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: B07 is debt free.

Reducing Debt: B07 has not had any debt for past 5 years.


Balance Sheet

Inventory Level: B07 has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if B07's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: B07 is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: B07 is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate B07's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate B07's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if B07's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if B07's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of B07'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?

5.1yrs

Average board tenure


CEO

Meng Yiau Lye

0.42

Tenure

Mr. Meng Yiau Lye has been a Director of NGSC Limited since October 15, 2019 and served as its Non-Executive Non-Independent Director since August 14, 2014 until October 15, 2019 and previously served as i ...


Board Members

NamePositionTenureCompensationOwnership
Meng Yiau Lye
MD & Director0.42yrno datano data
Kuan-Chi Sun
Executive Director6yrsno data0.14% SGD9.0k
Shu Sheen Fu
Lead Independent Director4.58yrsno data0.068% SGD4.4k
Tjintawati Hartanto
Non-Executive & Non-Independent Director11.17yrsno data0.034% SGD2.2k
Hsian Pin Ng
Independent Non-Executive Interim Chairman0.67yrno datano data
Chin Wee Chew
Independent Director0.42yrno datano data

5.1yrs

Average Tenure

63.5yo

Average Age

Experienced Board: B07's board of directors are considered experienced (5.1 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

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


Key Information

  • Name: NGSC Limited
  • Ticker: B07
  • Exchange: SGX
  • Founded: 1953
  • Industry: Alternative Carriers
  • Sector: Telecom
  • Market Cap: S$6.425m
  • Shares outstanding: 6.42b
  • Website: https://www.ngscinvestment.com

Location

  • NGSC Limited
  • No. 12-04 SIF Building
  • 96 Robinson Road
  • Singapore
  • 68899
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
B07SGX (Singapore Exchange)YesOrdinary SharesSGSGDApr 2000

Biography

NGSC Limited, an investment holding company, provides satellite-based services in the People’s Republic of China and Singapore. The company sells satellite communication equipment; and offers satellite-based communication services, as well as data center, international network, and engineering services. It also builds, operates, and leases base stations controllers for universal service obligation sites that enable telecommunication services in remote area. NGSC Limited serves various industries, including educational and financial institutions. The company was formerly known as Next-Generation Satellite Communications Limited and changed its name to NGSC Limited in December 2017. NGSC Limited was founded in 1953 and is based in Singapore. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 12:45
End of Day Share Price2020/01/02 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.