SBS Transit Ltd provides bus and rail public transport services primarily in Singapore.
Excellent balance sheet second-rate dividend payer.
Share Price & News
How has SBS Transit's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: S61's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: S61 underperformed the SG Transportation industry which returned -19.5% over the past year.
Return vs Market: S61 underperformed the SG Market which returned -27.3% over the past year.
Price Volatility Vs. Market
How volatile is SBS Transit's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWe Think SBS Transit (SGX:S61) Can Stay On Top Of Its Debt
4 weeks ago | Simply Wall StCan We See Significant Institutional Ownership On The SBS Transit Ltd (SGX:S61) Share Register?
1 month ago | Simply Wall StIf You Had Bought SBS Transit (SGX:S61) Stock Five Years Ago, You Could Pocket A 103% Gain Today
Is SBS Transit undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: S61 (SGD2.69) is trading above our estimate of fair value (SGD2.24)
Significantly Below Fair Value: S61 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: S61 is good value based on its PE Ratio (10.3x) compared to the Transportation industry average (11.6x).
PE vs Market: S61 is poor value based on its PE Ratio (10.3x) compared to the SG market (10.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate S61's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: S61 is overvalued based on its PB Ratio (1.6x) compared to the XA Transportation industry average (0.8x).
How is SBS Transit forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 SBS Transit 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.
- Examine SBS Transit's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- SBS Transit competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Transportation industry.
How has SBS Transit performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: S61 has high quality earnings.
Growing Profit Margin: S61's current net profit margins (5.6%) are lower than last year (5.8%).
Past Earnings Growth Analysis
Earnings Trend: S61's earnings have grown significantly by 38% per year over the past 5 years.
Accelerating Growth: S61's earnings growth over the past year (1.5%) is below its 5-year average (38% per year).
Earnings vs Industry: S61 earnings growth over the past year (1.5%) underperformed the Transportation industry 5.7%.
Return on Equity
High ROE: S61's Return on Equity (15.4%) is considered low.
How is SBS Transit's financial position?
Financial Position Analysis
Short Term Liabilities: S61's short term assets (SGD397.2M) do not cover its short term liabilities (SGD419.6M).
Long Term Liabilities: S61's short term assets (SGD397.2M) exceed its long term liabilities (SGD190.9M).
Debt to Equity History and Analysis
Debt Level: S61's debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: S61's debt to equity ratio has reduced from 155.7% to 14.2% over the past 5 years.
Debt Coverage: S61's debt is well covered by operating cash flow (111.5%).
Interest Coverage: S61's interest payments on its debt are well covered by EBIT (25.2x coverage).
Inventory Level: S61 has a high level of physical assets or inventory.
Debt Coverage by Assets: S61's debt is covered by short term assets (assets are 5.3x debt).
What is SBS Transit's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: S61's dividend (4.85%) is higher than the bottom 25% of dividend payers in the SG market (3.27%).
High Dividend: S61's dividend (4.85%) is low compared to the top 25% of dividend payers in the SG market (7.07%).
Stability and Growth of Payments
Stable Dividend: S61's dividend payments have been volatile in the past 10 years.
Growing Dividend: S61's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.1%), S61's dividend payments are 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Siak Kian Cheng (49yo)
Mr. Siak Kian Cheng serves as Acting Chief Executive Officer at SBS Transit Limited since March 1, 2020. Mr. Cheng serves as Acting Chief Executive Officer of SBS Transit Limited at ComfortDelGro Corporati ...
|Executive Deputy Chairman||2.83yrs||S$48.00k||no data|
|Acting Chief Executive Officer||no data||no data||no data|
|Chief Financial Officer||1.83yrs||no data||no data|
|Comfortdelgro Group||10.17yrs||no data||no data|
|Senior Vice President of Corporate Communications||no data||no data||no data|
|Senior Vice President of Corporate Development||13yrs||no data||no data|
|Vice President of Human Resource (Special Grade)||5.67yrs||no data||no data|
|Head of Bus Operations||no data||no data||no data|
|Senior VP & Head of Rail||9.17yrs||no data||no data|
|Chief Executive Officer of Downtown Line||7.17yrs||no data||0.088% SGD734.3k|
Experienced Management: S61's management team is seasoned and experienced (8.2 years average tenure).
|Executive Deputy Chairman||2.83yrs||S$48.00k||no data|
|Non-Executive & Non-Independent Chairman||17.17yrs||S$78.93k||no data|
|Independent Non-Executive Director||0.67yr||no data||no data|
|Independent Non-Executive Director||2.83yrs||S$54.40k||no data|
|Lead Independent Director||7.17yrs||S$56.53k||no data|
|Lead Independent Director||0.83yr||S$57.60k||no data|
|Independent Non-Executive Director||2.42yrs||S$49.13k||no data|
|Independent Non-Executive Director||1.83yrs||S$32.15k||no data|
|Independent Non-Executive Director||1.83yrs||S$37.26k||no data|
|Independent Non-Executive Director||0.83yr||no data||no data|
Experienced Board: S61's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SBS Transit Ltd's company bio, employee growth, exchange listings and data sources
- Name: SBS Transit Ltd
- Ticker: S61
- Exchange: SGX
- Founded: 1992
- Industry: Trucking
- Sector: Transportation
- Market Cap: S$832.679m
- Shares outstanding: 311.86m
- Website: https://www.sbstransit.com.sg
Number of Employees
- SBS Transit Ltd
- 205 Braddell Road
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|S61||SGX (Singapore Exchange)||Yes||Ordinary Shares||SG||SGD||Dec 1997|
SBS Transit Ltd provides bus and rail public transport services primarily in Singapore. The company operates through Public Transport Services and Other Commercial Services segments. Its bus services include basic, special, express, wheelchair-accessible, short trips, city direct, wireless Nextbus services, Chinatown Direct, and Nite Owl services. The company also operates North East Line, an automatic underground heavy rail system; Downtown Line, an underground and driverless mass rapid transit (MRT) line; and Sengkang and Punggol light rail transits (LRT). In addition, it offers advertisement on the buses and trains, as well as at bus interchanges, and railway stations; and commercial and shop space for lease at bus interchanges and rail stations. SBS Transit Ltd operates 223 bus route services with a fleet of 3,512 buses; and 78 stations with a fleet of 192 trains. The company was formerly known as Singapore Bus Services Limited and changed its name to SBS Transit Ltd in November 2001 to reflect its multi-modal status as a bus and rail operator. The company was incorporated in 1992 and is based in Singapore. SBS Transit Ltd is a subsidiary of ComfortDelGro Corporation Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 12:47|
|End of Day Share Price||2020/03/31 00:00|
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.