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Penguin International

Executive Summary

Penguin International Limited provides integrated marine and offshore services worldwide. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.1%

BTM

-4.8%

SG Shipping

-0.09%

SG Market


1 Year Return

-34.8%

BTM

3.7%

SG Shipping

-21.9%

SG Market

Return vs Industry: BTM underperformed the SG Shipping industry which returned 3.7% over the past year.

Return vs Market: BTM underperformed the SG Market which returned -21.9% over the past year.


Shareholder returns

BTMIndustryMarket
7 Day-1.1%-4.8%-0.09%
30 Day-2.3%-7.7%1.8%
90 Day-5.5%-6.0%-1.8%
1 Year-32.6%-34.8%13.7%3.7%-17.6%-21.9%
3 Year45.0%34.4%-5.7%-20.3%-20.1%-29.8%
5 Year6.8%-3.2%-63.1%-67.4%-5.0%-22.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Penguin International 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: BTM (SGD0.43) is trading below our estimate of fair value (SGD3.22)

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


Price To Earnings Ratio

PE vs Industry: BTM is good value based on its PE Ratio (6.3x) compared to the SG Shipping industry average (7.3x).

PE vs Market: BTM is good value based on its PE Ratio (6.3x) compared to the SG market (13.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BTM's PB Ratio (0.6x) is in line with the SG Shipping industry average.


Next Steps

Future Growth

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

13.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BTM's forecast earnings growth (13.2% per year) is above the savings rate (2.2%).

Earnings vs Market: BTM's earnings (13.2% per year) are forecast to grow slower than the SG market (22.1% per year).

High Growth Earnings: BTM's earnings are forecast to grow, but not significantly.

Revenue vs Market: BTM's revenue (10.7% per year) is forecast to grow faster than the SG market (6.7% per year).

High Growth Revenue: BTM's revenue (10.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BTM's Return on Equity is forecast to be low in 3 years time (7.9%).


Next Steps

Past Performance

How has Penguin International performed over the past 5 years?

5.9%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: BTM's current net profit margins (12.6%) are higher than last year (12.6%).


Past Earnings Growth Analysis

Earnings Trend: BTM's earnings have grown by 5.9% per year over the past 5 years.

Accelerating Growth: BTM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BTM had negative earnings growth (-8.5%) over the past year, making it difficult to compare to the Shipping industry average (-10.6%).


Return on Equity

High ROE: BTM's Return on Equity (8.8%) is considered low.


Next Steps

Financial Health

How is Penguin International's financial position?


Financial Position Analysis

Short Term Liabilities: BTM's short term assets (SGD148.9M) exceed its short term liabilities (SGD68.0M).

Long Term Liabilities: BTM's short term assets (SGD148.9M) exceed its long term liabilities (SGD7.9M).


Debt to Equity History and Analysis

Debt Level: BTM's debt to equity ratio (2.9%) is considered satisfactory.

Reducing Debt: BTM's debt to equity ratio has reduced from 10.5% to 2.9% over the past 5 years.

Debt Coverage: BTM's debt is well covered by operating cash flow (177%).

Interest Coverage: BTM earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Penguin International current dividend yield, its reliability and sustainability?

4.07%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BTM's dividend (4.07%) is higher than the bottom 25% of dividend payers in the SG market (2.54%).

High Dividend: BTM's dividend (4.07%) is low compared to the top 25% of dividend payers in the SG market (5.36%).


Stability and Growth of Payments

Stable Dividend: BTM has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BTM's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.8%), BTM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BTM's dividends in 3 years are forecast to be well covered by earnings (21.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.0yrs

Average management tenure


CEO

James Tham (49 yo)

12yrs

Tenure

Mr. Tuck Choong Tham, also known as James has been the Managing Director of Penguin International Limited since October 1, 2008. Mr. Tham spearhead the development and strategies of the Penguin Group. Mr. ...


Leadership Team

NamePositionTenureCompensationOwnership
Yih-Peir Hing
Executive Chairman 10.67yrsno data21.25%
SGD 20.1m
Tuck Choong Tham
MD & Executive Director12yrsno data0.30%
SGD 286.7k
May Fong Tung
Finance & Administration Director and Executive Director12.42yrsno data0.023%
SGD 22.1k
Swee Oi Lo
Company Secretaryno datano datano data
Chwan Yaw Law
Group Financial Controller11.92yrsno datano data
Fiona Heng
Company Secretary4.42yrsno datano data

12.0yrs

Average Tenure

49yo

Average Age

Experienced Management: BTM's management team is seasoned and experienced (12 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yih-Peir Hing
Executive Chairman 10.67yrsno data21.25%
SGD 20.1m
Tuck Choong Tham
MD & Executive Director12yrsno data0.30%
SGD 286.7k
May Fong Tung
Finance & Administration Director and Executive Director12.42yrsno data0.023%
SGD 22.1k
Kian Min Ong
Lead Independent Director7.42yrsno datano data
Poh Lee Tan
Independent & Non-Executive Director3.42yrsno datano data
Ban Tat Leow
Independent & Non-Executive Director5.5yrsno datano data

9.0yrs

Average Tenure

59.5yo

Average Age

Experienced Board: BTM's board of directors are considered experienced (9 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Penguin International Limited
  • Ticker: BTM
  • Exchange: SGX
  • Founded: 1972
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: S$94.673m
  • Shares outstanding: 220.17m
  • Website: https://www.penguin.com.sg

Location

  • Penguin International Limited
  • 18 Tuas Basin Link
  • Singapore
  • 638784
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BTMSGX (Singapore Exchange)YesOrdinary SharesSGSGDOct 1997

Biography

Penguin International Limited provides integrated marine and offshore services worldwide. The company operates in two segments, Chartering; and Shipbuilding and Ship Repairs and Maintenance. It specializes ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 12:35
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.