Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Frasers Property. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Frasers Property's earnings available for a low price, and how does
this compare to other companies in the same industry?
Frasers Property's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
Frasers Property's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Frasers Property's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Frasers Property's finances.
The net worth of a company is the difference between its assets and liabilities.
Frasers Property is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Frasers Property's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
Frasers Property's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Debt is not covered by short term assets, assets are 0.5x debt.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Choe Peng Sum, B.Sc. has been the Chief Executive Officer of Frasers Hospitality Group Pte Ltd at Frasers Centrepoint Limited since 1998. Mr. Choe serves as the Chief Executive Officer of Frasers Hospitality Global Limited. He oversees the Frasers Hospitality group’s business from investments, business development, global expansion of the chain of gold-standard serviced residences and hotels worldwide, to funds and asset management of hotels and serviced residences on a global mandate. Mr. Choe has over 30 years of experience in the hospitality industry. He served as Executive Assistant Manager of Shangri- La Hotel, Singapore from 1984 to 1994. He served as Resident Manager of Portman Shangri- La Hotel, Shanghai from 1994 to 1996. He started his career in the hospitality industry with Westin and subsequently Shangri-La International in 1981, where he was awarded the Shangri-La overseas scholarship. He held senior management positions with Shangri-La Singapore and The Portman Shangri-La Shanghai, China, before returning to Singapore in 1996 to start up the hospitality arm of Singapore conglomerate, Fraser & Neave, Limited. He served as General Manager of Hospitality of Frasers Centrepoint Limited from 1996 to 1998. Mr. Choe joined Frasers Centrepoint Limited (alternate name, Centrepoint Properties Ltd.) in 1996 and takes charge of strategic planning, business development and growth of the serviced residences business. Under him, Fraser Serviced Residences has become the second largest branded operator of serviced apartments in Singapore and expanded into Manila, Seoul and London. He managed the entire operations, including finance, marketing and project management, of well-known hotels in Singapore and Shanghai. Special achievements in his career include the first runner-up award for the Young Hotel Executive of the Year (Singapore) in 1991 and the award of the Order of Foreign Inspector Status (Shanghai) in 1995. Mr. Choe has been a Non-Executive Director of Frasers Hospitality Trust Management Pte Ltd since November 20, 2013. He has been a Director at Frasers Hospitality Asset Management Pte. Ltd., manager of Frasers Hospitality Trust since November 20, 2013. He served as a Director of Frasers Hospitality Asset Management Pte Ltd. He served President’s Honor Roll, Washington State University. Mr. Choe serves as Chairman of the Board of Directors for Crest Secondary School, a board member of the Council of Private Education set up by the Ministry of Education, Singapore, a governing Council member of the Singapore Quality Awards, Spring Singapore, Singapore’s business representative to ASEAN in the East Asia Business Council and a Lay-person Member of the Complaints Panel for the Singapore Pharmacy Council. He was awarded the National Dean’s List (USA) as well as the Phi Kappa Phi for academic excellence. He studied Executive Development Programme, International College of Hospitality Administration, BRIG, Switzerland. Mr. Choe graduated with a Bachelor of Science with Distinction degree from Cornell University, New York.
Insufficient data for Peng Sum to compare compensation growth.
Insufficient data for Peng Sum to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the
management team in years:
The tenure for the Frasers Property management team is about average.
Choo Leong Loo
Group Chief Financial Officer
Group Chief Investment Officer
Head of Investor Relations & Corporate Communications
Group Chief Human Resources Officer
Khong Shoong Chia
Group Chief Corporate Officer
Chief Strategy & Planning Officer
Peng Sum Choe
Chief Executive Officer of Frasers Hospitality Group Pte Ltd
Chief Executive Officer of Frasers Property Singapore
Chief Executive Officer of Frasers Property Australia
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the Frasers Property board of directors is about average.
Board of Directors
Non-Executive & Non-Independent Chairman of the Board
Khunying Wanna Sirivadhanabhakdi
Non-Executive & Non-Independent Vice Chairman of the Board
Frasers Property Limited, a real estate company, owns, develops, and manages a diverse, integrated portfolio of properties. It operates through four business units: Singapore, Australia, Hospitality, and Europe and rest of Asia. The company’s assets range from residential, retail, commercial, and business parks, to industrial and logistics in Singapore, Australia, Europe, China, and Southeast Asia. Its hospitality business owns and/or operates serviced apartments and hotels in over 80 cities across Asia, Australia, Europe, the Middle East, and Africa. The company also acts as a sponsor of four vehicles listed on the SGX-ST, comprising three REITs, including Frasers Centrepoint Trust, Frasers Commercial Trust, and Frasers Logistics & Industrial Trust, focused on retail properties, office and business space properties and business parks, and logistics and industrial properties respectively, as well as one stapled trust, Frasers Hospitality Trust, focused on hospitality properties. The company was formerly known as Frasers Centrepoint Limited and changed its name to Frasers Property Limited in February 2018. Frasers Property Limited was incorporated in 1963 and is headquartered in Singapore. Frasers Property Limited is a subsidiary of TCC Assets Limited.
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