SGX:BIP

Stock Analysis Report

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Executive Summary

Vibrant Group Limited provides integrated logistics, real estate, and financial services worldwide. More Details


Snowflake Analysis

Fair value with imperfect balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BIP is more volatile than 75% of SG stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: BIP's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of SG stocks.


Market Performance


7 Day Return

-2.0%

BIP

2.3%

SG Logistics

1.4%

SG Market


1 Year Return

-21.3%

BIP

-14.9%

SG Logistics

-10.9%

SG Market

Return vs Industry: BIP underperformed the SG Logistics industry which returned -14.9% over the past year.

Return vs Market: BIP underperformed the SG Market which returned -10.9% over the past year.


Shareholder returns

BIPIndustryMarket
7 Day-2.0%2.3%1.4%
30 Day14.9%6.7%5.1%
90 Day12.4%21.2%17.2%
1 Year-21.3%-21.3%-13.2%-14.9%-6.1%-10.9%
3 Year-72.9%-73.7%-38.3%-42.0%-9.4%-20.5%
5 Year-65.0%-68.8%-36.0%-43.2%27.3%3.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BIP (SGD0.1) is trading below our estimate of fair value (SGD0.54)

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


Price To Earnings Ratio

PE vs Industry: BIP is unprofitable, so we can't compare its PE Ratio to the XA Logistics industry average.

PE vs Market: BIP is unprofitable, so we can't compare its PE Ratio to the SG market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BIP is good value based on its PB Ratio (0.3x) compared to the SG Logistics industry average (1x).


Next Steps

Future Growth

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

18.0%

Forecasted Transportation 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 Vibrant Group 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 Vibrant Group performed over the past 5 years?

-4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BIP is currently unprofitable.

Growing Profit Margin: BIP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BIP is unprofitable, and losses have increased over the past 5 years at a rate of 4.9% per year.

Accelerating Growth: Unable to compare BIP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BIP is unprofitable, making it difficult to compare its past year earnings growth to the Logistics industry (5.7%).


Return on Equity

High ROE: BIP has a negative Return on Equity (-11.49%), as it is currently unprofitable.


Next Steps

Financial Health

How is Vibrant Group's financial position?


Financial Position Analysis

Short Term Liabilities: BIP's short term assets (SGD136.4M) do not cover its short term liabilities (SGD139.9M).

Long Term Liabilities: BIP's short term assets (SGD136.4M) do not cover its long term liabilities (SGD212.8M).


Debt to Equity History and Analysis

Debt Level: BIP's debt to equity ratio (45.3%) is considered high.

Reducing Debt: BIP's debt to equity ratio has reduced from 95.5% to 45.3% over the past 5 years.

Debt Coverage: BIP's debt is well covered by operating cash flow (29.7%).

Interest Coverage: Insufficient data to determine if BIP's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Vibrant Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate BIP'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 BIP's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

5.6yrs

Average management tenure


CEO

Eric Khua (52 yo)

17.17yrs

Tenure

S$468,000

Compensation

Mr. Kian Keong Khua, also known as Eric, B Science, serves as Non-Independent and Non-Executive Director at Freight Management Holdings Bhd since April 30, 2020. Mr. Khua has been Chief Executive Officer a...


CEO Compensation Analysis

Compensation vs Market: Eric's total compensation ($USD352.09K) is about average for companies of similar size in the SG market ($USD409.91K).

Compensation vs Earnings: Insufficient data to compare Eric's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Kian Keong Khua
CEO & Executive Director17.17yrsS$468.00k5.11%
SGD 3.5m
Hock Su Khua
Group Advisor & Non-Executive Director17.17yrsS$48.00k0.0010%
SGD 699.4
Fook Wah Lee
CFO & Executive Director0.33yrno datano data
Michelle Tan
Vice President of Human Resource9.5yrsno datano data
Sui Sen Lim
Senior Vice President of Projectsno datano datano data
Joo Seng
Senior Vice President of Corporateno datano datano data
Noraini Binte Noor Mohamed Abdul Latiff
Company Secretary1.33yrsno datano data

5.6yrs

Average Tenure

Experienced Management: BIP's management team is seasoned and experienced (5.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kian Keong Khua
CEO & Executive Director17.17yrsS$468.00k5.11%
SGD 3.5m
Hock Su Khua
Group Advisor & Non-Executive Director17.17yrsS$48.00k0.0010%
SGD 699.4
Fook Wah Lee
CFO & Executive Director0.33yrno datano data
Eu Tse Loh
Independent Non-Executive Director17.17yrsS$60.00kno data
Cher Liang Tan
Independent Non-Executive Chairman4.5yrsS$75.00kno data

17.2yrs

Average Tenure

54yo

Average Age

Experienced Board: BIP's board of directors are seasoned and experienced ( 17.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BIP insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Vibrant Group Limited
  • Ticker: BIP
  • Exchange: SGX
  • Founded: 1981
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: S$69.249m
  • Shares outstanding: 692.49m
  • Website: https://www.vibrant.com.sg

Location

  • Vibrant Group Limited
  • 51 Penjuru Road
  • No. 04-00 Freight Links
  • Singapore
  • 609143
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BIPSGX (Singapore Exchange)YesOrdinary SharesSGSGDAug 1995

Biography

Vibrant Group Limited provides integrated logistics, real estate, and financial services worldwide. The company offers international freight forwarding services, including ocean and air freight, cargo cons...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 11:09
End of Day Share Price2021/01/15 00:00
Earnings2020/10/31
Annual Earnings2020/04/30


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.