| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
S59 Stock Overview
SIA Engineering Company Limited, together with its subsidiaries, provides maintenance, repair, and overhaul (MRO) services to airline carriers and aerospace equipment manufacturers worldwide.
SIA Engineering Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | S$2.15 |
| 52 Week High | S$2.55 |
| 52 Week Low | S$1.85 |
| Beta | 1.13 |
| 1 Month Change | -1.38% |
| 3 Month Change | -0.92% |
| 1 Year Change | 9.14% |
| 3 Year Change | -14.00% |
| 5 Year Change | -39.44% |
| Change since IPO | 3.37% |
Recent News & Updates
Is SIA Engineering (SGX:S59) Using Debt In A Risky Way?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Is SIA Engineering Company Limited (SGX:S59) Trading At A 39% Discount?
In this article we are going to estimate the intrinsic value of SIA Engineering Company Limited ( SGX:S59 ) by taking...
Shareholder Returns
| S59 | SG Infrastructure | SG Market | |
|---|---|---|---|
| 7D | -0.9% | -1.8% | -1.1% |
| 1Y | 9.1% | 4.3% | 4.0% |
Return vs Industry: S59 exceeded the SG Infrastructure industry which returned 5% over the past year.
Return vs Market: S59 exceeded the SG Market which returned 4.1% over the past year.
Price Volatility
| S59 volatility | |
|---|---|
| S59 Average Weekly Movement | 3.0% |
| Infrastructure Industry Average Movement | 4.0% |
| Market Average Movement | 4.5% |
| 10% most volatile stocks in SG Market | 11.9% |
| 10% least volatile stocks in SG Market | 2.1% |
Stable Share Price: S59 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: S59's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1982 | 6,253 | Chin Hwee Ng | https://www.siaec.com.sg |
SIA Engineering Company Limited, together with its subsidiaries, provides maintenance, repair, and overhaul (MRO) services to airline carriers and aerospace equipment manufacturers worldwide. The company operates through two segments, Airframe and Line Maintenance; and Engine and Component. The Airframe and Line Maintenance segment provides airframe maintenance, line maintenance, and fleet management programs.
SIA Engineering Fundamentals Summary
| S59 fundamental statistics | |
|---|---|
| Market Cap | S$2.40b |
| Earnings (TTM) | S$32.74m |
| Revenue (TTM) | S$483.56m |
73.7x
P/E Ratio5.0x
P/S RatioIs S59 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| S59 income statement (TTM) | |
|---|---|
| Revenue | S$483.56m |
| Cost of Revenue | S$103.22m |
| Gross Profit | S$380.34m |
| Expenses | S$347.60m |
| Earnings | S$32.74m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.029 |
| Gross Margin | 78.65% |
| Net Profit Margin | 6.77% |
| Debt/Equity Ratio | 0.4% |
How did S59 perform over the long term?
See historical performance and comparisonValuation
Is SIA Engineering undervalued compared to its fair value and its price relative to the market?
73.73x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: S59 (SGD2.14) is trading above our estimate of fair value (SGD1.61)
Significantly Below Fair Value: S59 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: S59 is poor value based on its PE Ratio (73.4x) compared to the Asian Infrastructure industry average (13.8x).
PE vs Market: S59 is poor value based on its PE Ratio (73.4x) compared to the SG market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: S59 is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: S59 is overvalued based on its PB Ratio (1.5x) compared to the XA Infrastructure industry average (1.1x).
Future Growth
How is SIA Engineering forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
39.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: S59's forecast earnings growth (39.2% per year) is above the savings rate (1.8%).
Earnings vs Market: S59's earnings (39.2% per year) are forecast to grow faster than the SG market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: S59's revenue (26.3% per year) is forecast to grow faster than the SG market (7.5% per year).
High Growth Revenue: S59's revenue (26.3% per year) is forecast to grow faster than 20% 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 (6.5%).
Past Performance
How has SIA Engineering performed over the past 5 years?
-32.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: S59 has a large one-off gain of SGD140.9M impacting its September 30 2021 financial results.
Growing Profit Margin: S59's current net profit margins (6.8%) are lower than last year (12.4%).
Past Earnings Growth Analysis
Earnings Trend: S59's earnings have declined by 32.2% per year over the past 5 years.
Accelerating Growth: S59's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: S59 had negative earnings growth (-62.5%) over the past year, making it difficult to compare to the Infrastructure industry average (18.5%).
Return on Equity
High ROE: S59's Return on Equity (2.1%) is considered low.
Financial Health
How is SIA Engineering's financial position?
Financial Position Analysis
Short Term Liabilities: S59's short term assets (SGD934.6M) exceed its short term liabilities (SGD194.3M).
Long Term Liabilities: S59's short term assets (SGD934.6M) exceed its long term liabilities (SGD70.2M).
Debt to Equity History and Analysis
Debt Level: S59 has more cash than its total debt.
Reducing Debt: S59's debt to equity ratio has reduced from 2.1% to 0.4% over the past 5 years.
Debt Coverage: S59's debt is well covered by operating cash flow (2848.7%).
Interest Coverage: Insufficient data to determine if S59's interest payments on its debt are well covered by EBIT.
Balance Sheet
Dividend
What is SIA Engineering current dividend yield, its reliability and sustainability?
3.10%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate S59's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate S59'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 S59's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if S59's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: S59 is not paying a notable dividend for the SG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of S59'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?
3.8yrs
Average management tenure
CEO
Chin Hwee Ng (60 yo)
1.75yrs
Tenure
S$1,525,649
Compensation
Mr. Chin Hwee Ng has served as a Chief Executive Officer at SIA Engineering Company Limited since April 1, 2020 and also has been its Non-Independent Executive Director since April 1, 2020. Mr. Ng served a...
CEO Compensation Analysis
Compensation vs Market: Chin Hwee's total compensation ($USD1.13M) is about average for companies of similar size in the SG market ($USD1.12M).
Compensation vs Earnings: Chin Hwee's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: S59's management team is considered experienced (3.8 years average tenure).
Board Members
Experienced Board: S59's board of directors are considered experienced (5 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 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
- Implied Market Cap: S$2.402b
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/26 11:03 |
| End of Day Share Price | 2022/01/26 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2021/03/31 |
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.