Manhattan Resources
Market Cap
S$146.3m
Last Updated
2021/01/16 11:09 UTC
Data Sources
Company Financials
Executive Summary
Manhattan Resources Limited, an investment holding company, engages in the provision of logistics, marine transportation, and support services to the coal mining and resources industries in Indonesia. More Details
Snowflake Analysis
Flawless balance sheet with weak fundamentals.
Share Price & News
How has Manhattan Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: Insufficient data to determine L02's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine L02's volatility change over the past year.
Market Performance
7 Day Return
22.5%
L02
6.4%
SG Shipping
1.4%
SG Market
1 Year Return
-26.9%
L02
-2.6%
SG Shipping
-10.9%
SG Market
Return vs Industry: L02 underperformed the SG Shipping industry which returned -2.6% over the past year.
Return vs Market: L02 underperformed the SG Market which returned -10.9% over the past year.
Shareholder returns
| L02 | Industry | Market | |
|---|---|---|---|
| 7 Day | 22.5% | 6.4% | 1.4% |
| 30 Day | 16.7% | 13.8% | 5.1% |
| 90 Day | -10.9% | 17.9% | 17.2% |
| 1 Year | -26.9%-26.9% | 7.7%-2.6% | -6.1%-10.9% |
| 3 Year | -40.1%-45.6% | 11.0%-8.9% | -9.4%-20.5% |
| 5 Year | -52.3%-56.6% | -41.0%-48.7% | 27.3%3.9% |
Long-Term Price Volatility Vs. Market
How volatile is Manhattan Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Here's Why We're Not Too Worried About Manhattan Resources' (SGX:L02) Cash Burn Situation2 months ago | Simply Wall St
How Much Did Manhattan Resources'(SGX:L02) Shareholders Earn From Share Price Movements Over The Last Five Years?4 months ago | Simply Wall St
Is Manhattan Resources (SGX:L02) In A Good Position To Deliver On Growth Plans?Valuation
Is Manhattan Resources undervalued compared to its fair value and its price relative to the market?
1.39x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate L02's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate L02's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: L02 is unprofitable, so we can't compare its PE Ratio to the SG Shipping industry average.
PE vs Market: L02 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 L02's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: L02 is overvalued based on its PB Ratio (1.4x) compared to the SG Shipping industry average (0.8x).
Next Steps
Future Growth
How is Manhattan Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
23.5%
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 Manhattan Resources 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
- Examine Manhattan Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Manhattan Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Transportation industry.
Past Performance
How has Manhattan Resources performed over the past 5 years?
17.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: L02 is currently unprofitable.
Growing Profit Margin: L02 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: L02 is unprofitable, but has reduced losses over the past 5 years at a rate of 17.5% per year.
Accelerating Growth: Unable to compare L02's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: L02 is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (0.2%).
Return on Equity
High ROE: L02 has a negative Return on Equity (-7.45%), as it is currently unprofitable.
Next Steps
Financial Health
How is Manhattan Resources's financial position?
Financial Position Analysis
Short Term Liabilities: L02's short term assets (SGD34.2M) exceed its short term liabilities (SGD27.6M).
Long Term Liabilities: L02's short term assets (SGD34.2M) exceed its long term liabilities (SGD18.0M).
Debt to Equity History and Analysis
Debt Level: L02 is debt free.
Reducing Debt: L02 had no debt 5 years ago.
Balance Sheet
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: L02 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: L02 has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 26% each year.
Next Steps
Dividend
What is Manhattan Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate L02's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate L02'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 L02's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if L02'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 L02'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?
7.7yrs
Average management tenure
CEO
David Low (41 yo)
9.17yrs
Tenure
Mr. Yi Ngo Low, also known as David, BSc (Mechanical Engineering and Production), has been the Chief Executive Officer and Managing Director at Manhattan Resources Limited (formerly Links Island Holdings L...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Executive Director | 9.17yrs | no data | 0.18% SGD 261.7k | |
| Deputy Chief Financial Officer | 6.5yrs | no data | no data | |
| Legal Counsel | 5.75yrs | no data | no data | |
| Head of PT Kariangau Power | no data | no data | no data | |
| Company Secretary | 8.92yrs | no data | no data |
7.7yrs
Average Tenure
Experienced Management: L02's management team is seasoned and experienced (7.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Executive Director | 9.17yrs | no data | 0.18% SGD 261.7k | |
| Non-Executive & Non-Independent Chairman | no data | no data | no data | |
| Lead Independent Director | no data | no data | no data | |
| Independent Director | 6.67yrs | no data | no data | |
| Non-Executive & Non-Independent Director | 6.67yrs | no data | no data | |
| Independent Director | 2.25yrs | no data | 0.010% SGD 14.8k | |
| Independent Director | no data | no data | no data |
6.7yrs
Average Tenure
42yo
Average Age
Experienced Board: L02's board of directors are considered experienced (6.7 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 been substantially diluted in the past year, with total shares outstanding growing by 162.7%.
Top Shareholders
Company Information
Manhattan Resources Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Manhattan Resources Limited
- Ticker: L02
- Exchange: SGX
- Founded: 1990
- Industry: Marine
- Sector: Transportation
- Market Cap: S$146.339m
- Shares outstanding: 2.99b
- Website: https://www.manhattan.sg
Location
- Manhattan Resources Limited
- No. 18-09 Chinatown Point
- 133 New Bridge Road
- Singapore
- 59413
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| L02 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Feb 2000 |
Biography
Manhattan Resources Limited, an investment holding company, engages in the provision of logistics, marine transportation, and support services to the coal mining and resources industries in Indonesia. It o...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 11:09 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.