Renaissance United Limited, an investment holding company, operates as a developer, turnkey contractor, and investor in oil and gas, power, transportation, water and environment, and industrial infrastructure projects.
Mediocre balance sheet and overvalued.
Share Price & News
How has Renaissance United's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: I11's share price has been volatile over the past 3 months.
7 Day Return
SG Gas Utilities
1 Year Return
SG Gas Utilities
Return vs Industry: I11 exceeded the SG Gas Utilities industry which returned -4.6% over the past year.
Return vs Market: I11 exceeded the SG Market which returned -2.4% over the past year.
Price Volatility Vs. Market
How volatile is Renaissance United's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StDoes Renaissance United (SGX:I11) Have A Healthy Balance Sheet?
2 months ago | Simply Wall StDid You Manage To Avoid Renaissance United's (SGX:I11) Devastating 86% Share Price Drop?
3 months ago | Simply Wall StDoes Renaissance United Limited (SGX:I11) Have A Particularly Volatile Share Price?
Is Renaissance United undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: I11 (SGD0) is trading above our estimate of fair value (SGD0)
Significantly Below Fair Value: I11 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: I11 is unprofitable, so we can't compare its PE Ratio to the Gas Utilities industry average.
PE vs Market: I11 is unprofitable, so we can't compare its PE Ratio to the SG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate I11's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: I11 is good value based on its PB Ratio (0.3x) compared to the XA Gas Utilities industry average (1.4x).
How is Renaissance United forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Utilities 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 Renaissance United 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.
- Take a look at our analysis of I11’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Renaissance United competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Utilities industry.
How has Renaissance United performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: I11 is currently unprofitable.
Growing Profit Margin: I11 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: I11 is unprofitable, and losses have increased over the past 5 years at a rate of -9% per year.
Accelerating Growth: Unable to compare I11's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: I11 is unprofitable, making it difficult to compare its past year earnings growth to the Gas Utilities industry (11.9%).
Return on Equity
High ROE: I11 has a negative Return on Equity (-65.04%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Renaissance United's financial position?
Financial Position Analysis
Short Term Liabilities: I11's short term assets (SGD39.9M) do not cover its short term liabilities (SGD48.8M).
Long Term Liabilities: I11's short term assets (SGD39.9M) exceed its long term liabilities (SGD10.4M).
Debt to Equity History and Analysis
Debt Level: I11's debt to equity ratio (41.6%) is considered high.
Reducing Debt: I11's debt to equity ratio has increased from 24.5% to 41.6% over the past 5 years.
Inventory Level: I11 has a high level of physical assets or inventory.
Debt Coverage by Assets: I11's debt is covered by short term assets (assets are 1.8x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable I11 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: I11 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -14.5% per year.
What is Renaissance United's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate I11's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate I11's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if I11's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if I11's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of I11's dividend in 3 years as they are not forecast to pay a notable one for the SG market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
William Koh 0
Mr. William Koh serves as Chief Executive Officer of ESA Electronics Pte Ltd. Mr. Koh is a co-founder of ESA. Mr. Koh has valuable experience in the field of engineering as from his past appointments and p ...
|CFO & Executive Director||1.8yrs||no data||14.24% SGD1.8m|
|Independent & Non-Executive Director||2.1yrs||no data||no data|
|Independent & Non-Executive Director||2.1yrs||no data||no data|
|Non-Executive Independent Director||1.1yrs||no data||no data|
Experienced Board: I11's board of directors are not considered experienced ( 1.9 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.
Renaissance United Limited's company bio, employee growth, exchange listings and data sources
- Name: Renaissance United Limited
- Ticker: I11
- Exchange: SGX
- Founded: 1975
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: S$12.362m
- Shares outstanding: 6.18b
- Website: https://www.ipco.com.sg
- Renaissance United Limited
- 16 Kallang Place, No. 05-10/18
- Kallang Basin Industrial Estate
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|I11||SGX (Singapore Exchange)||Yes||Ordinary Shares||SG||SGD||Jul 1993|
|IOJ||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 1993|
Renaissance United Limited, an investment holding company, operates as a developer, turnkey contractor, and investor in oil and gas, power, transportation, water and environment, and industrial infrastructure projects. The company operates through five segments: Infrastructure Development and Turnkey Construction; Development of Residential Real Estate for Sale; Supplying Gas to Households, Commercial and Industrial Users; Manufacture and Sale of Electronic Components; and Investment Securities Trading. It is involved in the provision of engineering, construction, and warehousing services; and trading and provision of consultancy services in semi-conductor industry. The company also manufactures, assembles, installs, maintains, repairs, and deals in electronic components; provides management services; and distributes and transports natural gas. In addition, it engages in the turnkey construction of onshore and offshore oil and gas facilities; and development of power plants, transmission systems, and water supply systems; and building of piers, jetties, and terminals, as well as land transport projects, including toll roads and bridges. Further, the company constructs pulp and paper mills, as well as light and heavy manufacturing facilities; and develops and owns industrial estates. Additionally, it offers project finance; revolving credit facilities; export credits; and build, own, operate, and transfer structures. The company operates in Singapore, the People’s Republic of China, Taiwan, the Philippines, the United States, and internationally. The company was formerly known as Ipco International Limited and changed its name to Renaissance United Limited in December 2018. Renaissance United Limited was founded in 1975 and is based in Singapore.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 12:37|
|End of Day Share Price||2020/02/17 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.