SIA Engineering
Market Cap
S$1.9b
Last Updated
2020/10/26 12:40 UTC
Data Sources
Company Financials +
Executive Summary
SIA Engineering Company Limited, together with its subsidiaries, provides maintenance, repair, and overhaul (MRO) services to airlines carriers and aerospace equipment manufacturers worldwide. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 17.8% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet with proven track record.
Similar Companies
Share Price & News
How has SIA Engineering's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: S59 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.2%
S59
-0.5%
SG Infrastructure
-0.09%
SG Market
1 Year Return
-34.5%
S59
-17.0%
SG Infrastructure
-21.9%
SG Market
Return vs Industry: S59 underperformed the SG Infrastructure industry which returned -17% over the past year.
Return vs Market: S59 underperformed the SG Market which returned -21.9% over the past year.
Shareholder returns
| S59 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | -0.5% | -0.09% |
| 30 Day | 4.2% | 0.5% | 1.8% |
| 90 Day | -6.0% | -0.4% | -1.8% |
| 1 Year | -32.1%-34.5% | -14.3%-17.0% | -17.6%-21.9% |
| 3 Year | -40.3%-46.9% | -20.0%-27.1% | -20.1%-29.8% |
| 5 Year | -46.2%-56.0% | -4.2%-17.7% | -5.0%-22.3% |
Price Volatility Vs. Market
How volatile is SIA Engineering's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Estimating The Fair Value Of SIA Engineering Company Limited (SGX:S59)3 weeks ago | Simply Wall St
We're Watching These Trends At SIA Engineering (SGX:S59)1 month ago | Simply Wall St
Is Now The Time To Look At Buying SIA Engineering Company Limited (SGX:S59)?Valuation
Is SIA Engineering undervalued compared to its fair value and its price relative to the market?
18.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: S59 (SGD1.73) is trading below our estimate of fair value (SGD2.12)
Significantly Below Fair Value: S59 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: S59 is good value based on its PE Ratio (10x) compared to the XA Infrastructure industry average (16.5x).
PE vs Market: S59 is good value based on its PE Ratio (10x) compared to the SG market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: S59's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: S59 is overvalued based on its PB Ratio (1.2x) compared to the XA Infrastructure industry average (0.9x).
Next Steps
Future Growth
How is SIA Engineering forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-17.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: S59's earnings are forecast to decline over the next 3 years (-17.8% per year).
Earnings vs Market: S59's earnings are forecast to decline over the next 3 years (-17.8% per year).
High Growth Earnings: S59's earnings are forecast to decline over the next 3 years.
Revenue vs Market: S59's revenue is expected to decline over the next 3 years (-3.8% per year).
High Growth Revenue: S59's revenue is forecast to decline over the next 3 years (-3.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: S59's Return on Equity is forecast to be low in 3 years time (8.1%).
Next Steps
Past Performance
How has SIA Engineering performed over the past 5 years?
-5.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: S59 has high quality earnings.
Growing Profit Margin: S59's current net profit margins (19.5%) are higher than last year (15.8%).
Past Earnings Growth Analysis
Earnings Trend: S59's earnings have declined by 5% per year over the past 5 years.
Accelerating Growth: S59's earnings growth over the past year (20.5%) exceeds its 5-year average (-5% per year).
Earnings vs Industry: S59 earnings growth over the past year (20.5%) exceeded the Infrastructure industry -14.1%.
Return on Equity
High ROE: S59's Return on Equity (11.5%) is considered low.
Next Steps
Financial Health
How is SIA Engineering's financial position?
Financial Position Analysis
Short Term Liabilities: S59's short term assets (SGD998.1M) exceed its short term liabilities (SGD240.8M).
Long Term Liabilities: S59's short term assets (SGD998.1M) exceed its long term liabilities (SGD103.7M).
Debt to Equity History and Analysis
Debt Level: S59's debt to equity ratio (0.8%) is considered satisfactory.
Reducing Debt: S59's debt to equity ratio has reduced from 2.5% to 0.8% over the past 5 years.
Debt Coverage: S59's debt is well covered by operating cash flow (689.4%).
Interest Coverage: S59 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is SIA Engineering current dividend yield, its reliability and sustainability?
4.62%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: S59's dividend (4.62%) is higher than the bottom 25% of dividend payers in the SG market (2.54%).
High Dividend: S59's dividend (4.62%) is low compared to the top 25% of dividend payers in the SG market (5.36%).
Stability and Growth of Payments
Stable Dividend: S59's dividend payments have been volatile in the past 10 years.
Growing Dividend: S59's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.2%), S59's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: S59's dividends in 3 years are not forecast to be well covered by earnings (93.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Chin Hwee Ng (59 yo)
0.50
Tenure
S$115,000
Compensation
Mr. Chin Hwee Ng serves as Chief Executive Officer at SIA Engineering Company Limited since April 1, 2020 and also has been its Non-Independent Executive Director since April 1, 2020. Mr. Ng served as a No ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Non-Independent Executive Director | 0.50yr | S$115.00k | 0.00089% SGD 17.2k | |
| 0.50yr | S$2.71m | 0.087% SGD 1.7m | ||
| Senior VP of Finance & CFO | 3yrs | no data | no data | |
| Executive Vice President of Operations | 4.5yrs | no data | no data | |
| Senior Vice President of Line Maintenance & Cabin Services | 4.33yrs | no data | no data | |
| Assistant Manager of Corporate Communications | no data | no data | no data | |
| Senior Vice President of Human Resources | 13.92yrs | no data | no data | |
| Senior Vice President of Base Maintenance | 2.5yrs | no data | no data | |
| Senior Vice President of Partnership Management & Business Development | 5.5yrs | no data | no data | |
| Senior Vice President of Fleet Management & Commercial | 0.50yr | no data | no data | |
| Company Secretary | 3.5yrs | no data | no data | |
| Special Advisor to the Board of Directors | 2.25yrs | S$63.99k | no data |
3.0yrs
Average Tenure
59yo
Average Age
Experienced Management: S59's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Non-Independent Executive Director | 0.50yr | S$115.00k | 0.00089% SGD 17.2k | |
| Independent Chairman of the Board | 2.25yrs | S$216.00k | 0.0018% SGD 34.3k | |
| Non-Executive & Non-Independent Director | 0.50yr | no data | no data | |
| Non-Executive & Non-Independent Director | 9.75yrs | S$108.00k | no data | |
| Independent Non-Executive Director | 3.42yrs | S$115.00k | no data | |
| Non-Executive & Non-Independent Director | 2yrs | S$104.00k | no data | |
| Independent Non-Executive Director | 4.08yrs | S$109.00k | no data | |
| Independent Non-Executive Director | 6.75yrs | S$134.00k | no data | |
| Independent Non-Executive Director | 7.5yrs | S$141.00k | no data | |
| Independent Non-Executive Director | 7.42yrs | S$136.00k | no data |
5.4yrs
Average Tenure
59.5yo
Average Age
Experienced Board: S59's board of directors are considered experienced (5.4 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
SIA Engineering Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: SIA Engineering Company Limited
- Ticker: S59
- Exchange: SGX
- Founded: 1982
- Industry: Airport Services
- Sector: Transportation
- Market Cap: S$1.929b
- Shares outstanding: 1.12b
- Website: https://www.siaec.com.sg
Number of Employees
Location
- SIA Engineering Company Limited
- 31 Airline Road
- Singapore
- 819831
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SEGS.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | May 2000 |
| S59 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | May 2000 |
| O3H | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | May 2000 |
| SEGS.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Nov 2008 |
Biography
SIA Engineering Company Limited, together with its subsidiaries, provides maintenance, repair, and overhaul (MRO) services to airlines carriers and aerospace equipment manufacturers worldwide. The company ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/26 12:40 |
| End of Day Share Price | 2020/10/26 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2020/03/31 |
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.