SGX:S19

Stock Analysis Report

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Executive Summary

Singapore Shipping Corporation Limited, an investment holding company, owns and manages ships in Singapore, Japan, and internationally. More Details


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: S19 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.3%

S19

-4.8%

SG Shipping

-0.09%

SG Market


1 Year Return

-17.2%

S19

3.7%

SG Shipping

-21.9%

SG Market

Return vs Industry: S19 underperformed the SG Shipping industry which returned 3.7% over the past year.

Return vs Market: S19 exceeded the SG Market which returned -21.9% over the past year.


Shareholder returns

S19IndustryMarket
7 Day4.3%-4.8%-0.09%
30 Day6.7%-7.7%1.8%
90 Day-15.8%-6.0%-1.8%
1 Year-14.1%-17.2%13.7%3.7%-17.6%-21.9%
3 Year-8.0%-17.2%-5.7%-20.3%-20.1%-29.8%
5 Year-4.5%-20.0%-63.1%-67.4%-5.0%-22.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Singapore Shipping 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: S19 (SGD0.24) is trading below our estimate of fair value (SGD1.3)

Significantly Below Fair Value: S19 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: S19 is poor value based on its PE Ratio (8x) compared to the SG Shipping industry average (7.3x).

PE vs Market: S19 is good value based on its PE Ratio (8x) compared to the SG market (13.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate S19's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: S19 is overvalued based on its PB Ratio (0.8x) compared to the SG Shipping industry average (0.6x).


Next Steps

Future Growth

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

18.1%

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 Singapore Shipping 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 Singapore Shipping performed over the past 5 years?

1.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: S19 has high quality earnings.

Growing Profit Margin: S19's current net profit margins (19.7%) are lower than last year (21.3%).


Past Earnings Growth Analysis

Earnings Trend: S19's earnings have grown by 1.9% per year over the past 5 years.

Accelerating Growth: S19's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: S19 had negative earnings growth (-10.6%) over the past year, making it difficult to compare to the Shipping industry average (-10.6%).


Return on Equity

High ROE: S19's Return on Equity (10.5%) is considered low.


Next Steps

Financial Health

How is Singapore Shipping's financial position?


Financial Position Analysis

Short Term Liabilities: S19's short term assets ($36.7M) exceed its short term liabilities ($16.7M).

Long Term Liabilities: S19's short term assets ($36.7M) do not cover its long term liabilities ($70.7M).


Debt to Equity History and Analysis

Debt Level: S19's debt to equity ratio (66.5%) is considered high.

Reducing Debt: S19's debt to equity ratio has reduced from 163.3% to 66.5% over the past 5 years.

Debt Coverage: S19's debt is well covered by operating cash flow (42.3%).

Interest Coverage: S19's interest payments on its debt are well covered by EBIT (9x coverage).


Balance Sheet


Next Steps

Dividend

What is Singapore Shipping current dividend yield, its reliability and sustainability?

4.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: S19's dividend (4.09%) is higher than the bottom 25% of dividend payers in the SG market (2.54%).

High Dividend: S19's dividend (4.09%) is low compared to the top 25% of dividend payers in the SG market (5.36%).


Stability and Growth of Payments

Stable Dividend: S19's dividends per share have been stable in the past 10 years.

Growing Dividend: S19's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.8%), S19's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

Yew Heng Ow (40 yo)

5.42yrs

Tenure

Mr. Yew Heng Ow has been the Chief Executive Officer of Singapore Shipping Corporation Limited and Stamford Land Corporation Ltd since May 19, 2015. Mr. Ow has been an Executive Director of Stamford Land C ...


Leadership Team

NamePositionTenureCompensationOwnership
Chio Kiat Ow
Executive Chairman 20.42yrsno data39.61%
$ 34.8m
Yew Heng Ow
CEO & Executive Director5.42yrsno data0.53%
$ 461.2k
Cheo Guan Ow
Deputy Executive Chairman20.75yrsno datano data
Li Huang Lee
CFO & Company Secretary3.42yrsno datano data
Bee Lan Lim
Chief Operating Officer6.25yrsno data0%
$ 0
T'eng Ta' Tan
Chief Legal Officer & Senior Director of Business Developmentno datano datano data
Ai Ling Tan
Assistant General Manager of Sales & Marketingno datano datano data
Yen Fong Miao
Human Resource Directorno datano datano data
Yiling Ow
Manager of Treasuryno datano data3.27%
$ 2.9m
Hui Yee Cheok
Company Secretary3.58yrsno datano data
Wei Fung Kong
Company Secretary2.75yrsno datano data

3.6yrs

Average Tenure

45yo

Average Age

Experienced Management: S19's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chio Kiat Ow
Executive Chairman 20.42yrsno data39.61%
$ 34.8m
Yew Heng Ow
CEO & Executive Director5.42yrsno data0.53%
$ 461.2k
Cheo Guan Ow
Deputy Executive Chairman20.75yrsno datano data
Huei-Chieh Sia
Independent Non-Executive Director3.25yrsno datano data
Wei Beng Huong
Independent Non-Executive Director2.25yrsno datano data

10.2yrs

Average Tenure

47yo

Average Age

Experienced Board: S19's board of directors are seasoned and experienced ( 10.2 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

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


Key Information

  • Name: Singapore Shipping Corporation Limited
  • Ticker: S19
  • Exchange: SGX
  • Founded: 1988
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: S$87.756m
  • Shares outstanding: 398.89m
  • Website: https://www.singaporeshipping.com.sg

Location

  • Singapore Shipping Corporation Limited
  • No. 09-01 Southpoint
  • 200 Cantonment Road
  • Singapore
  • 89763
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
S19SGX (Singapore Exchange)YesOrdinary SharesSGSGDNov 2000
W1MDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2000

Biography

Singapore Shipping Corporation Limited, an investment holding company, owns and manages ships in Singapore, Japan, and internationally. The company operates in two segments, Ship Owning, and Agency and Log ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 12:30
End of Day Share Price2020/10/26 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.