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Sinwa

SGX:5CN
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5CN
SGX
SGD104M
Market Cap
  1. Home
  2. SG
  3. Transportation
Company description

Sinwa Limited, an investment holding company, operates as a marine supply and logistics company in Singapore, Thailand, Australia, and internationally. The last earnings update was 14 days ago. More info.


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5CN Share Price and Events
7 Day Returns
0%
SGX:5CN
-0.5%
Asia Infrastructure
0.3%
SG Market
1 Year Returns
27.1%
SGX:5CN
-6.1%
Asia Infrastructure
-6.7%
SG Market
5CN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sinwa (5CN) 0% 3.4% 13% 27.1% 22% 32.6%
Asia Infrastructure -0.5% 1.2% 4.9% -6.1% 0.5% 5%
SG Market 0.3% 3.1% 3.7% -6.7% 8% -3.3%
1 Year Return vs Industry and Market
  • 5CN outperformed the Infrastructure industry which returned -6.1% over the past year.
  • 5CN outperformed the Market in Singapore which returned -6.7% over the past year.
Price Volatility
5CN
Industry
5yr Volatility vs Market

Value

 Is Sinwa 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 Sinwa 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 Sinwa.

SGX:5CN 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 8.2%
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:5CN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.989 (1 + (1- 17%) (0%))
0.992
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (0.992 * 5.96%)
8.22%

Discounted Cash Flow Calculation for SGX:5CN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sinwa 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:5CN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 8.22%)
2019 21.81 Est @ 42.83% 20.15
2020 28.49 Est @ 30.67% 24.33
2021 34.81 Est @ 22.16% 27.47
2022 40.45 Est @ 16.2% 29.49
2023 45.31 Est @ 12.03% 30.53
2024 49.44 Est @ 9.11% 30.78
2025 52.94 Est @ 7.07% 30.46
2026 55.93 Est @ 5.64% 29.73
2027 58.52 Est @ 4.64% 28.75
2028 60.83 Est @ 3.94% 27.61
Present value of next 10 years cash flows SGD279.30
SGX:5CN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD60.83 × (1 + 2.3%) ÷ (8.22% – 2.3%)
SGD1,052.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD1,052.00 ÷ (1 + 8.22%)10
SGD477.55
SGX:5CN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD279.30 + SGD477.55
SGD756.85
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD756.85 / 341.08
SGD2.22
SGX:5CN Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD2.22
Current discount Discount to share price of SGD0.31
= -1 x (SGD0.31 - SGD2.22) / SGD2.22
86.3%

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

Current Discount
Amount off the current price Sinwa is available for.
Intrinsic value
>50%
Share price is SGD0.31 vs Future cash flow value of SGD2.22
Current Discount Checks
For Sinwa to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sinwa's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sinwa's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Sinwa's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sinwa's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:5CN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD-0.01
SGX:5CN Share Price ** SGX (2019-04-18) in SGD SGD0.31
Asia Infrastructure Industry PE Ratio Median Figure of 34 Publicly-Listed Infrastructure Companies 10.54x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.18x

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

** Primary Listing of Sinwa.

SGX:5CN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:5CN Share Price ÷ EPS (both in SGD)

= 0.31 ÷ -0.01

-20.86x

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

  • Sinwa is loss making, we can't compare its value to the Asia Infrastructure industry average.
  • Sinwa is loss making, we can't compare the value of its earnings to the Singapore market.
Price based on expected Growth
Does Sinwa's expected growth come at a high price?
Raw Data
SGX:5CN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -20.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
28%per year
Asia Infrastructure Industry PEG Ratio Median Figure of 18 Publicly-Listed Infrastructure Companies 1.29x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.6x

*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 Sinwa, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sinwa's assets?
Raw Data
SGX:5CN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD0.26
SGX:5CN Share Price * SGX (2019-04-18) in SGD SGD0.31
Asia Infrastructure Industry PB Ratio Median Figure of 43 Publicly-Listed Infrastructure Companies 0.79x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:5CN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:5CN Share Price ÷ Book Value per Share (both in SGD)

= 0.31 ÷ 0.26

1.17x

* Primary Listing of Sinwa.

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

  • Sinwa is overvalued based on assets compared to the Asia Infrastructure industry average.
X
Value checks
We assess Sinwa'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. Sinwa has a total score of 2/6, 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 Sinwa expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Sinwa, 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
28%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sinwa expected to grow at an attractive rate?
  • Sinwa's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Sinwa's earnings growth is expected to exceed the Singapore market average.
  • Unable to compare Sinwa's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:5CN Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:5CN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 28%
Asia Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 6.1%
Asia Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.7%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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:5CN 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 SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:5CN Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 15 -5
2018-09-30 176 18 11
2018-06-30 178 11 10
2018-03-31 179 4 9
2017-12-31 0 8 -4
2017-09-30 166 8 -9
2017-06-30 154 10 -10
2017-03-31 151 17 -9
2016-12-31 152 15 -10
2016-09-30 159 15 8
2016-06-30 171 17 9
2016-03-31 170 13 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sinwa's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Sinwa 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:5CN 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 Sinwa Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:5CN Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 -0.01
2018-09-30 0.03
2018-06-30 0.03
2018-03-31 0.03
2017-12-31 -0.01
2017-09-30 -0.03
2017-06-30 -0.03
2017-03-31 -0.03
2016-12-31 -0.03
2016-09-30 0.02
2016-06-30 0.03
2016-03-31 0.03

*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 Sinwa will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sinwa'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.
Sinwa 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 Sinwa 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 Sinwa's growth in the last year to its industry (Infrastructure).
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.
  • Sinwa does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Sinwa's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Sinwa's 1-year growth to the Asia Infrastructure industry average as it is not currently profitable.
Earnings and Revenue History
Sinwa'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 Sinwa Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:5CN Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.08 -4.99 4.60
2018-09-30 175.82 10.87 30.99
2018-06-30 177.66 10.26 31.60
2018-03-31 178.61 9.37 31.09
2017-12-31 0.20 -4.43 5.09
2017-09-30 165.75 -9.29 28.65
2017-06-30 154.35 -9.56 27.44
2017-03-31 151.28 -9.44 27.49
2016-12-31 152.21 -9.51 27.50
2016-09-30 158.59 7.72 28.40
2016-06-30 170.89 9.16 29.30
2016-03-31 170.37 9.63 28.45
2015-12-31 166.50 9.61 28.25
2015-09-30 163.20 7.28 27.76
2015-06-30 157.94 5.75 27.11
2015-03-31 155.13 5.28 27.12
2014-12-31 154.29 6.83 27.21
2014-09-30 148.98 7.66 27.87
2014-06-30 142.76 8.00 26.81
2014-03-31 141.58 7.94 26.14
2013-12-31 139.37 7.76 25.25
2013-09-30 134.79 1.50 23.66
2013-06-30 130.84 -1.25 25.44
2013-03-31 124.66 -2.01 25.88
2012-12-31 122.65 -4.66 26.13
2012-09-30 124.11 3.09 23.92
2012-06-30 127.80 6.03 23.06

*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.
  • It is difficult to establish if Sinwa has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Sinwa has efficiently used its assets last year compared to the Asia Infrastructure industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Sinwa improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Sinwa'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 Infrastructure 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.
Sinwa has a total score of 0/6, 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 Sinwa'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 Sinwa's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sinwa is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sinwa's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sinwa'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.
  • Sinwa has no debt, it does not need to be covered by short term assets.
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 Sinwa Company Filings, last reported 3 months ago.

SGX:5CN Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 88.55 0.00 23.34
2018-09-30 85.49 0.13 31.16
2018-06-30 85.91 0.14 27.43
2018-03-31 84.67 0.16 23.90
2017-12-31 82.94 3.17 26.43
2017-09-30 75.14 4.19 23.07
2017-06-30 75.04 4.11 25.23
2017-03-31 77.21 4.12 31.88
2016-12-31 74.64 5.14 32.39
2016-09-30 91.10 4.15 25.71
2016-06-30 89.07 1.17 23.35
2016-03-31 93.34 2.76 24.42
2015-12-31 91.12 2.77 24.62
2015-09-30 88.54 2.70 22.14
2015-06-30 94.11 2.63 26.53
2015-03-31 93.48 3.20 28.16
2014-12-31 91.60 3.31 21.60
2014-09-30 89.08 3.43 19.75
2014-06-30 93.90 3.77 23.76
2014-03-31 95.07 7.07 30.06
2013-12-31 91.09 8.67 24.47
2013-09-30 90.68 11.76 23.63
2013-06-30 95.83 16.85 33.41
2013-03-31 99.31 22.23 39.89
2012-12-31 95.40 21.39 13.65
2012-09-30 88.72 23.19 10.44
2012-06-30 90.82 23.15 10.99
  • Sinwa has no debt.
  • Sinwa has no debt compared to 5 years ago when it was 9.5%.
  • Sinwa has no debt, it does not need to be covered by operating cash flow.
  • Sinwa has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Sinwa'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. Sinwa has a total score of 6/6, 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 Sinwa'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
2.46%
Current annual income from Sinwa dividends.
If you bought SGD2,000 of Sinwa shares you are expected to receive SGD49 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?
  • Sinwa's pays a lower dividend yield than the bottom 25% of dividend payers in Singapore (2.5%).
  • Sinwa's dividend is below the markets top 25% of dividend payers in Singapore (5.43%).
Upcoming dividend payment

Purchase Sinwa before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:5CN 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 Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 4.2%
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 5.4%

Industry and Market average data is calculated daily.

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

SGX:5CN Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-04-05 0.008 2.484
2019-02-25 0.008 2.514
2018-11-14 0.015 5.572
2018-08-07 0.015 6.435
2018-04-09 0.010 4.328
2018-02-21 0.010 4.314
2017-11-07 0.010 4.185
2017-08-07 0.010 4.230
2017-04-07 0.012 5.353
2017-02-24 0.012 5.133
2016-04-08 0.018 7.099
2015-04-07 0.023 9.929
2015-02-26 0.023 9.591
2014-11-06 0.023 9.267
2014-08-11 0.023 8.942
2014-04-16 0.035 14.294
2014-02-25 0.035 16.509
2013-11-13 0.025 12.541
2013-08-14 0.025 11.940
2013-05-14 0.000 0.000
2013-03-27 0.000 0.000
2012-04-11 0.005 4.100
2012-02-28 0.005 3.649
2011-11-08 0.000 0.000
2011-08-04 0.000 0.000
2011-05-13 0.000 0.000
2011-04-11 0.000 0.000
2011-02-25 0.000 0.000
2010-04-12 0.008 3.156
2010-02-11 0.008 2.097
2009-04-20 0.008 2.481

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Sinwa's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Sinwa'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 Sinwa afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sinwa 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 Sinwa'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.
  • Sinwa has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Sinwa management team in years:

4.3
Average Tenure
57.5
Average Age
  • The tenure for the Sinwa management team is about average.
Management Team

Mike Sim

TITLE
Executive Chairman
AGE
74

Hsian Ng

TITLE
Chief Financial Officer
AGE
54
TENURE
5.5 yrs

Alex Van Zuylen

TITLE
Group Sales & Marketing Director
TENURE
4.3 yrs

Kuei Lian Siau

TITLE
Company Secretary
TENURE
2.5 yrs

Winston Chua

TITLE
Managing Director of AMS Group
TENURE
7.9 yrs

Bettina Tan

TITLE
Executive Officer
AGE
61

Sean Haining

TITLE
Executive Officer

Ryan Clifton

TITLE
Executive Officer

Andy Tan

TITLE
Executive Officer

Timothy Sim

TITLE
Project Manager
AGE
44
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure of the Sinwa board of directors in years:

15.1
Average Tenure
  • The average tenure for the Sinwa board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Mike Sim

TITLE
Executive Chairman
AGE
74
TENURE
3.3 yrs

Lee Seng Heng

TITLE
Independent Director
AGE
72
TENURE
16.3 yrs

Nai Yeo

TITLE
Independent Director
TENURE
14 yrs

Lynn Tan

TITLE
Non-Executive Director
TENURE
16.8 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)
X
Management checks
We assess Sinwa'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. Sinwa 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

With A -13% Earnings Drop, Did Sinwa Limited (SGX:5CN) Really Underperform?

Today I will assess 5CN's latest performance announced on 31 December 2018 and compare these figures to its longer term trend and industry movements. … Was 5CN's weak performance lately a part of a long-term decline. … Over the past five years, its average earnings level was positive at S$2.9m, which meant its expenses has only exceeded revenues recently, pulling 5CN into the loss-making zone.

Simply Wall St -

What Investors Should Know About Sinwa Limited's (SGX:5CN) Financial Strength

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is 5CN right in choosing financial flexibility over lower cost of capital. … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital

Simply Wall St -

Are Sinwa Limited’s (SGX:5CN) High Returns Really That Great?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Should You Be Impressed By Sinwa Limited's (SGX:5CN) ROE?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each SGD1 of shareholders' equity it has, the company made SGD0.13 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Do You Get For Owning Sinwa Limited (SGX:5CN)?

This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … To understand Sinwa’s capital returns we will look at a useful metric called return on capital employed. … Calculating Return On Capital Employed for 5CN

Simply Wall St -

How Has Sinwa Limited's (SGX:5CN) Earnings Fared Against The Long Term Trend

When Sinwa Limited (SGX:5CN) announced its most recent earnings (30 June 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Did 5CN perform better than its track record and industry … 5CN's trailing twelve-month earnings (from 30 June 2018) of S$10.3m has

Simply Wall St -

Why Sinwa Limited's (SGX:5CN) Ownership Structure Is Important

In this article, I will take a quick look at Sinwa Limited’s (SGX:5CN) recent ownership structure – an unconventional investing subject, but an important one. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Sinwa Limited (SGX:5CN)'s Return on Capital

This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … To understand Sinwa’s capital returns we will look at a useful metric called return on capital employed. … Calculating Return On Capital Employed for 5CN

Simply Wall St -

Does Sinwa Limited's (SGX:5CN) PE Ratio Signal A Buying Opportunity?

and want to better understand how you can grow your money by investing in Sinwa Limited (SGX:5CN). … Sinwa Limited (SGX:5CN) is currently trading at a trailing P/E of 8x, which is lower than the industry average of 12.9x. … While this makes 5CN appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio

Simply Wall St -

How Does Investing In Sinwa Limited (SGX:5CN) Impact Your Portfolio?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … 5CN's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … However, this is the opposite to what 5CN’s actual beta value suggests, which is lower stock volatility relative to the market.

Simply Wall St -

Company Info

Description

Sinwa Limited, an investment holding company, operates as a marine supply and logistics company in Singapore, Thailand, Australia, and internationally. The company supplies deck stores, engine stores, electrical stores, safety equipment, general consumables and tools, provisions, and bonded stores and slop chests. It also offers agency support services, including immigration, port and customs clearances and documentation, renewal of certificates, deslopping, and sludge removal and other general agency services for the crew, vessels, and oil rigs of ship owners, ship management companies, and oil rig operators; and logistics support services consisting of temporary, medium, and long-term storage of goods and equipment. In addition, the company provides offshore support services comprising the supply of provisions, stores, and spare parts, such as anchors, anchor chains, ropes, and heavy deck fittings; and new building and mobilization support services for dry-docks. Further, it distributes wolf safety lamps consisting of hand-held halogen or xenon bulbs and LED torches, flashlights, hand lamps, and lanterns. The company was founded in 1965 and is headquartered in Singapore.

Details
Name: Sinwa Limited
5CN
Exchange: SGX
Founded: 1965
SGD104,029,197
341,079,335
Website: http://www.sinwaglobal.com
Address: Sinwa Limited
28 Joo Koon Circle,
Singapore,
629057,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX 5CN Ordinary Shares Singapore Exchange SG SGD 28. Feb 2003
Number of employees
Current staff
Staff numbers
0
Sinwa employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 12:34
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/04/05
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.