Catalist:595

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

GKE Corporation Limited, an investment holding company, provides warehousing and logistic services in Singapore and the People’s Republic of China. More Details


Snowflake Analysis

Undervalued with solid track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 595 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 595's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

10.4%

595

-0.5%

SG Logistics

1.2%

SG Market


1 Year Return

112.9%

595

-14.6%

SG Logistics

-10.1%

SG Market

Return vs Industry: 595 exceeded the SG Logistics industry which returned -14.6% over the past year.

Return vs Market: 595 exceeded the SG Market which returned -10.1% over the past year.


Shareholder returns

595IndustryMarket
7 Day10.4%-0.5%1.2%
30 Day58.5%6.7%5.5%
90 Day81.7%18.7%17.7%
1 Year112.9%112.9%-12.8%-14.6%-5.3%-10.1%
3 Year49.0%49.0%-40.2%-43.8%-10.8%-21.7%
5 Year111.1%98.7%-34.6%-42.1%28.4%4.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

38.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 595 (SGD0.15) is trading below our estimate of fair value (SGD0.24)

Significantly Below Fair Value: 595 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 595 is good value based on its PE Ratio (12.4x) compared to the XA Logistics industry average (24.1x).

PE vs Market: 595 is good value based on its PE Ratio (12.4x) compared to the SG market (15x).


Price to Earnings Growth Ratio

PEG Ratio: 595 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 595 is overvalued based on its PB Ratio (1.4x) compared to the SG Logistics industry average (1x).


Next Steps

Future Growth

How is GKE forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

22.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 595's forecast earnings growth (22.8% per year) is above the savings rate (2%).

Earnings vs Market: 595's earnings (22.8% per year) are forecast to grow slower than the SG market (25.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 595's revenue (14.3% per year) is forecast to grow faster than the SG market (8.3% per year).

High Growth Revenue: 595's revenue (14.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 595's Return on Equity is forecast to be low in 3 years time (14.6%).


Next Steps

Past Performance

How has GKE performed over the past 5 years?

18.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 595 has high quality earnings.

Growing Profit Margin: 595's current net profit margins (8.4%) are higher than last year (1.3%).


Past Earnings Growth Analysis

Earnings Trend: 595 has become profitable over the past 5 years, growing earnings by 18.8% per year.

Accelerating Growth: 595's earnings growth over the past year (577.3%) exceeds its 5-year average (18.8% per year).

Earnings vs Industry: 595 earnings growth over the past year (577.3%) exceeded the Logistics industry 5.7%.


Return on Equity

High ROE: 595's Return on Equity (10.9%) is considered low.


Next Steps

Financial Health

How is GKE's financial position?


Financial Position Analysis

Short Term Liabilities: 595's short term assets (SGD81.5M) exceed its short term liabilities (SGD40.6M).

Long Term Liabilities: 595's short term assets (SGD81.5M) exceed its long term liabilities (SGD71.6M).


Debt to Equity History and Analysis

Debt Level: 595's debt to equity ratio (76.1%) is considered high.

Reducing Debt: 595's debt to equity ratio has reduced from 81.3% to 76.1% over the past 5 years.

Debt Coverage: 595's debt is well covered by operating cash flow (47.1%).

Interest Coverage: 595's interest payments on its debt are well covered by EBIT (3.8x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 595's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 595's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 595's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 595's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 595 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 595'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?

8.3yrs

Average management tenure


CEO

Cheow Hui Neo (52 yo)

9yrs

Tenure

Mr. Cheow Hui Neo has been the Chief Executive Officer at GKE Corporation Limited (formerly, Van der Horst Energy Limited) since January 3, 2012. Mr. Neo serves as the Managing Director of GKE Private Limi...


Leadership Team

NamePositionTenureCompensationOwnership
Cheow Hui Neo
CEO & Executive Director9yrsno data3.61%
SGD 4.0m
Yong Hua Chen
Executive Chairman9yrsno data8.67%
SGD 9.5m
Wei Chye Chua
Chief Financial Officer2.17yrsno datano data
Hwee Neo
Vice President of Operations & Facility1yrS$100.00k2.72%
SGD 3.0m
Zi Yan Li
Investment Manager8.92yrsno data3.92%
SGD 4.3m
Hwee Hoon Chai
Group General Manager17yrsS$100.00k0.90%
SGD 994.0k
Wen Hua Qian
Executive Director5.83yrsno data7.32%
SGD 8.1m
Sey Liy Tan
Company Secretary7.67yrsno datano data
Cheng Chye Toh
Group Finance Managerno datano datano data

8.3yrs

Average Tenure

49yo

Average Age

Experienced Management: 595's management team is seasoned and experienced (8.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Cheow Hui Neo
CEO & Executive Director9yrsno data3.61%
SGD 4.0m
Yong Hua Chen
Executive Chairman9yrsno data8.67%
SGD 9.5m
Wen Hua Qian
Executive Director5.83yrsno data7.32%
SGD 8.1m
Soo Chew Loy
Lead Independent Director1.75yrsno datano data
Thiam Chwee Chua
Independent Director5.33yrsno datano data
Ying Ming Ho
Independent Director5.33yrsno datano data
Quee Quee Wong
Independent Director1.75yrsno datano data

5.3yrs

Average Tenure

49yo

Average Age

Experienced Board: 595's board of directors are considered experienced (5.3 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

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


Key Information

  • Name: GKE Corporation Limited
  • Ticker: 595
  • Exchange: Catalist
  • Founded: 1995
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: S$110.068m
  • Shares outstanding: 775.12m
  • Website: https://www.gke.com.sg

Location

  • GKE Corporation Limited
  • No. 06-01, 39 Benoi Road
  • Singapore
  • 627725
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
595Catalist (Singapore Exchange Catalist Market)YesOrdinary SharesSGSGDJan 2003

Biography

GKE Corporation Limited, an investment holding company, provides warehousing and logistic services in Singapore and the People’s Republic of China. The company’s Third Party Logistics segment offers variou...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/20 11:08
End of Day Share Price2021/01/20 00:00
Earnings2020/11/30
Annual Earnings2020/05/31


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.