SIA Engineering
Market Cap
S$3.2b
Last Updated
2019/12/10 12:42 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.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet second-rate dividend payer.
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
0%
S59
0.3%
SG Infrastructure
-0.1%
SG Market
1 Year Return
21.0%
S59
7.2%
SG Infrastructure
3.3%
SG Market
Return vs Industry: S59 exceeded the SG Infrastructure industry which returned 7.2% over the past year.
Return vs Market: S59 exceeded the SG Market which returned 3.3% over the past year.
Shareholder returns
| S59 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 0.3% | -0.1% |
| 30 Day | 0.7% | -2.7% | -1.5% |
| 90 Day | 9.7% | -2.7% | 1.3% |
| 1 Year | 26.0%21.0% | 10.3%7.2% | 7.5%3.3% |
| 3 Year | -6.9%-18.0% | 16.0%6.9% | 16.2%3.7% |
| 5 Year | -13.2%-28.8% | 17.8%3.5% | 13.3%-5.8% |
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
5 days ago | Simply Wall St
Those Who Purchased SIA Engineering (SGX:S59) Shares Five Years Ago Have A 29% Loss To Show For It2 weeks ago | Simply Wall St
Why SIA Engineering Company Limited (SGX:S59) Looks Like A Quality Company1 month ago | Simply Wall St
It Might Be Better To Avoid SIA Engineering Company Limited's (SGX:S59) Upcoming 1.1% DividendValuation
Is SIA Engineering undervalued compared to its fair value and its price relative to the market?
23.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: S59 (SGD2.82) is trading below our estimate of fair value (SGD3.69)
Significantly Below Fair Value: S59 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: S59 is poor value based on its PE Ratio (18.6x) compared to the Infrastructure industry average (12.2x).
PE vs Market: S59 is poor value based on its PE Ratio (18.6x) compared to the SG market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: S59 is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: S59 is overvalued based on its PB Ratio (2.1x) compared to the XA Infrastructure industry average (1x).
Next Steps
Future Growth
How is SIA Engineering forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
4.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: S59's forecast earnings growth (4.4% per year) is above the savings rate (1.8%).
Earnings vs Market: S59's earnings (4.4% per year) are forecast to grow slower than the SG market (6.4% per year).
High Growth Earnings: S59's earnings are forecast to grow, but not significantly.
Revenue vs Market: S59's revenue (2.6% per year) is forecast to grow slower than the SG market (5.5% per year).
High Growth Revenue: S59's revenue (2.6% 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 (11.9%).
Next Steps
Past Performance
How has SIA Engineering performed over the past 5 years?
-4.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: S59 has high quality earnings.
Growing Profit Margin: S59's current net profit margins (16.6%) are lower than last year (18%).
Past Earnings Growth Analysis
Earnings Trend: S59's earnings have declined by -4.6% 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 (-10.5%) over the past year, making it difficult to compare to the Infrastructure industry average (1.2%).
Return on Equity
High ROE: S59's Return on Equity (10.7%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is SIA Engineering's financial position?
Financial Position Analysis
Short Term Liabilities: S59's short term assets (SGD941.9M) exceed its short term liabilities (SGD243.9M).
Long Term Liabilities: S59's short term assets (SGD941.9M) exceed its long term liabilities (SGD123.2M).
Debt to Equity History and Analysis
Debt Level: S59's debt to equity ratio (1%) is considered satisfactory.
Reducing Debt: S59's debt to equity ratio has reduced from 2.1% to 1% over the past 5 years.
Debt Coverage: S59's debt is well covered by operating cash flow (625.1%).
Interest Coverage: S59 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: S59 has a high level of physical assets or inventory.
Debt Coverage by Assets: S59's debt is covered by short term assets (assets are 60x debt).
Next Steps
Dividend
What is SIA Engineering's current dividend yield, its reliability and sustainability?
3.90%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: S59's dividend (3.9%) is higher than the bottom 25% of dividend payers in the SG market (2.52%).
High Dividend: S59's dividend (3.9%) is low compared to the top 25% of dividend payers in the SG market (5.44%).
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 reasonable payout ratio (72.5%), S59's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: S59's dividends in 3 years are forecast to be covered by earnings (78.3% payout ratio).
Next Steps
Management
What is the CEO of SIA Engineering's salary, the management and board of directors tenure and is there insider trading?
3.5yrs
Average management tenure
CEO
Kim Chiang Png (60yo)
4.7yrs
Tenure
S$2,006,541
Compensation
Mr. Png Kim Chiang has been the Chief Executive Officer of SIA Engineering Company Limited since April 1, 2015 and served as its Executive Vice President of Operations from April 1, 2010 to March 31, 2015. ...
CEO Compensation Analysis
Compensation vs Market: Kim Chiang's total compensation ($USD0.00) is below average for companies of similar size in the SG market ($USD1.38M).
Compensation vs Earnings: Kim Chiang's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.5yrs
Average Tenure
60yo
Average Age
Experienced Management: S59's management team is considered experienced (3.5 years average tenure).
Board Age and Tenure
4.6yrs
Average Tenure
59yo
Average Age
Experienced Board: S59's board of directors are considered experienced (4.6 years average tenure).
Insider Trading
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.
Management Team
Stephen Lee (72yo)
Special Advisor to the Board of Directors
- Tenure: 1.4yrs
- Compensation: S$215.00k
Ivan Neo
Executive VP of Operations
- Tenure: 3.7yrs
Kim Chiang Png (60yo)
CEO & Director
- Tenure: 4.7yrs
- Compensation: S$2.01m
Zarina Piperdi (58yo)
Senior VP of Human Resources
- Tenure: 13.1yrs
Yue Jeen Wong
Senior VP of Aircraft & Component Services
- Tenure: 4.3yrs
Kean Shuh Foo
Senior VP of Line Maintenance & Cabin Services
- Tenure: 3.5yrs
Philip Quek
Senior VP of Partnership Management & Business Development
- Tenure: 3.2yrs
Lay Pheng Ng
Senior VP of Finance & CFO
- Tenure: 2.3yrs
May Lyn Tan
Assistant Manager of Corporate Communications
- Tenure: 0yrs
Wilin Ng
Senior Vice President of Innovation
- Tenure: 0.7yrs
Board Members
Kin Fei Tang (68yo)
Independent Chairman of the Board
- Tenure: 1.4yrs
- Compensation: S$153.81k
Kim Chiang Png (60yo)
CEO & Director
- Tenure: 4.7yrs
- Compensation: S$2.01m
Choon Phong Goh (56yo)
Non-Executive & Non-Independent Director
- Tenure: 8.9yrs
- Compensation: S$107.00k
Siew Kim Wee (59yo)
Independent Non-Executive Director
- Tenure: 2.6yrs
- Compensation: S$98.55k
Yau Seng Chin (48yo)
Non-Executive Non independent Director
- Tenure: 1.2yrs
Chin Hwee Ng (58yo)
Non-Executive & Non-Independent Director
- Tenure: 11.4yrs
- Compensation: S$114.00k
Raj Thampuran (55yo)
Non-Executive & Independent Director
- Tenure: 3.3yrs
- Compensation: S$103.00k
Christina Ong Hon (68yo)
Non-Executive & Independent Director
- Tenure: 5.9yrs
- Compensation: S$134.84k
Manohar Ramesh Khiatani (59yo)
Independent Non-Executive Director
- Tenure: 6.7yrs
- Compensation: S$124.00k
Teck Soon Chew (67yo)
Independent Non-Executive Director
- Tenure: 6.6yrs
- Compensation: S$141.51k
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$3.170b
- 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 | 2019/12/10 12:42 |
| End of Day Share Price | 2019/12/10 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.