SIA Engineering
Market Cap
S$2.1b
Last Updated
2020/11/24 12:58 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
Snowflake Analysis
Flawless balance sheet with reasonable growth potential.
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 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: S59's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
5.8%
S59
0.3%
SG Infrastructure
3.7%
SG Market
1 Year Return
-29.5%
S59
-6.7%
SG Infrastructure
-13.0%
SG Market
Return vs Industry: S59 underperformed the SG Infrastructure industry which returned -7% over the past year.
Return vs Market: S59 underperformed the SG Market which returned -14.6% over the past year.
Shareholder returns
| S59 | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.8% | 0.3% | 3.7% |
| 30 Day | 16.9% | 11.2% | 11.8% |
| 90 Day | 6.3% | 6.1% | 10.4% |
| 1 Year | -27.7%-29.5% | -3.8%-6.7% | -8.4%-13.0% |
| 3 Year | -29.6%-36.6% | -7.1%-15.3% | -10.5%-21.4% |
| 5 Year | -32.8%-44.2% | 8.9%-6.3% | 12.2%-8.3% |
Long-Term 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
9 hours ago | Simply Wall St
Are SIA Engineering's (SGX:S59) Statutory Earnings A Good Reflection Of Its Earnings Potential?2 weeks ago | Simply Wall St
Analysts Just Shaved Their SIA Engineering Company Limited (SGX:S59) Forecasts DramaticallyValuation
Is SIA Engineering undervalued compared to its fair value and its price relative to the market?
25.87x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: S59 (SGD2.01) is trading above our estimate of fair value (SGD1.13)
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 (25.9x) compared to the XA Infrastructure industry average (16.9x).
PE vs Market: S59 is poor value based on its PE Ratio (25.9x) compared to the SG market (14.1x).
Price to Earnings Growth Ratio
PEG Ratio: S59 is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: S59 is overvalued based on its PB Ratio (1.5x) 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?
62.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: S59's forecast earnings growth (62.4% per year) is above the savings rate (2.2%).
Earnings vs Market: S59's earnings (62.4% per year) are forecast to grow faster than the SG market (25.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: S59's revenue (16.4% per year) is forecast to grow faster than the SG market (7.7% per year).
High Growth Revenue: S59's revenue (16.4% per year) is forecast to grow slower 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 (5.5%).
Next Steps
Past Performance
How has SIA Engineering performed over the past 5 years?
-11.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: S59 has a large one-off loss of SGD44.8M impacting its September 30 2020 financial results.
Growing Profit Margin: S59's current net profit margins (12.4%) are lower than last year (16.6%).
Past Earnings Growth Analysis
Earnings Trend: S59's earnings have declined by 11.5% 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 (-48.8%) over the past year, making it difficult to compare to the Infrastructure industry average (-14.9%).
Return on Equity
High ROE: S59's Return on Equity (4.9%) 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 (SGD939.0M) exceed its short term liabilities (SGD223.8M).
Long Term Liabilities: S59's short term assets (SGD939.0M) exceed its long term liabilities (SGD93.0M).
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 2.6% to 0.8% over the past 5 years.
Debt Coverage: S59's debt is well covered by operating cash flow (753.8%).
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?
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?
3.1yrs
Average management tenure
CEO
Chin Hwee Ng (59 yo)
0.58
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 | 0.58yr | S$115.00k | 0.00089% SGD 19.1k | |
| 0.58yr | S$2.71m | 0.087% SGD 1.9m | ||
| Senior VP of Finance & CFO | 3.08yrs | no data | no data | |
| Executive Vice President of Operations | 4.58yrs | no data | no data | |
| Senior Vice President of Line Maintenance & Cabin Services | 4.42yrs | no data | no data | |
| Assistant Manager of Corporate Communications | no data | no data | no data | |
| Senior Vice President of Human Resources | 14yrs | no data | no data | |
| Senior Vice President of Base Maintenance | 2.58yrs | no data | no data | |
| Senior Vice President of Partnership Management & Business Development | 5.58yrs | no data | no data | |
| Senior Vice President of Fleet Management & Commercial | 0.58yr | no data | no data | |
| Company Secretary | 3.58yrs | no data | no data | |
| Special Advisor to the Board of Directors | 2.33yrs | S$63.99k | no data |
3.1yrs
Average Tenure
59yo
Average Age
Experienced Management: S59's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Non-Independent Executive Director | 0.58yr | S$115.00k | 0.00089% SGD 19.1k | |
| Independent Chairman of the Board | 2.33yrs | S$216.00k | 0.0018% SGD 38.1k | |
| Non-Executive & Non-Independent Director | 0.58yr | no data | no data | |
| Non-Executive & Non-Independent Director | 9.83yrs | S$108.00k | no data | |
| Independent Non-Executive Director | 3.5yrs | S$115.00k | no data | |
| Non-Executive & Non-Independent Director | 2.08yrs | S$104.00k | no data | |
| Independent Non-Executive Director | 4.17yrs | S$109.00k | no data | |
| Independent Non-Executive Director | 6.83yrs | S$134.00k | no data | |
| Independent Non-Executive Director | 7.58yrs | S$141.00k | no data | |
| Independent Non-Executive Director | 7.5yrs | S$136.00k | no data |
5.5yrs
Average Tenure
59.5yo
Average Age
Experienced Board: S59's board of directors are considered experienced (5.5 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 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$2.142b
- 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 | 2020/11/24 12:58 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/09/30 |
| 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.