OTCPK:MBOF.Y

Stock Analysis Report

Executive Summary

M1 Limited, together with its subsidiaries, provides mobile and fixed communications services to consumers and corporate customers in Singapore.

Snowflake

Fundamentals

Average dividend payer with mediocre balance sheet.


Similar Companies

Share Price & News

How has M1's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

MBOF.Y

2.4%

US Wireless Telecom

1.0%

US Market


1 Year Return

n/a

MBOF.Y

4.8%

US Wireless Telecom

6.7%

US Market


Share holder returns

MBOF.YIndustryMarket
7 Day0%2.4%1.0%
30 Day-0.6%-2.3%-1.8%
90 Dayn/a-6.2%-1.8%
1 Yearn/a6.1%4.8%9.1%6.7%
3 Year-7.7%-18.9%31.2%26.5%46.1%36.6%
5 Year-27.8%-43.1%52.9%39.0%66.9%48.6%

Price Volatility Vs. Market

How volatile is M1's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is M1 undervalued based on future cash flows and its price relative to the stock market?

19%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued:

Significantly Undervalued: MBOF.Y is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: MBOF.Y is good value based on its PE Ratio (14.5x) compared to the Wireless Telecom industry average (21.8x).

PE vs Market: MBOF.Y is good value based on its PE Ratio (14.5x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: MBOF.Y's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price Based on Value of Assets

PB vs Industry: MBOF.Y is overvalued based on its PB Ratio (3.6x) compared to the US Wireless Telecom industry average (1.9x).


Next Steps

Future Growth

How is M1 expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

-13.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: MBOF.Y's earnings are forecast to decline over the next 3 years (-13.4% per year).

Earnings vs Market: MBOF.Y's earnings are forecast to decline over the next 3 years (-13.4% per year).

High Growth Earnings: MBOF.Y's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MBOF.Y's revenue is expected to decline over the next 3 years (-1.5% per year).

High Growth Revenue: MBOF.Y's revenue is forecast to decline over the next 3 years (-1.5%).


Earnings per Share Growth Estimates


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has M1 performed over the past 5 years?

-6.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MBOF.Y's earnings have declined by -6.4% per year over the past 5 years.

Accelerating Growth: MBOF.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MBOF.Y had negative earnings growth (-1.4%) over the past year, making it difficult to compare to the Wireless Telecom industry average (7.7%).


Return on Equity

High ROE: MBOF.Y's Return on Equity (25%) is considered high.


Return on Assets

ROA vs Industry: MBOF.Y has a higher Return on Assets than the Wireless Telecom industry average last year.


Return on Capital Employed

ROCE Improving: MBOF.Y's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is M1's financial position?


Financial Position Analysis

Short Term Liabilities: MBOF.Y's short term assets (SGD398.5M) exceeds its short term liabilities (SGD298.3M)

Long Term Liabilities: MBOF.Y's short term assets (398.5M) do not cover its long term liabilities (573.0M)


Debt to Equity History and Analysis

Debt Level: MBOF.Y's debt to equity ratio (86%) is considered high

Reducing Debt: MBOF.Y's debt to equity ratio has increased from 63.2% to 86% over the past 5 years.

Debt Coverage: MBOF.Y's debt is well covered by operating cash flow (56.8%).

Interest Coverage: MBOF.Y's interest payments on its debt are well covered by EBIT (15x coverage).


Balance Sheet

Information is not available.

Information is not available.


Next Steps

Dividend

What is M1's current dividend yield, its reliability and sustainability?

4.28%

Expected Dividend Yield


Dividend Yield vs Market

company5.5%marketbottom25%1.5%markettop25%3.8%industryaverage5.0%forecastin3Years4.3%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: MBOF.Y's dividend (5.46%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: MBOF.Y's dividend (5.46%) is in the top 25% of dividend payers in the US market (3.77%)

Stable Dividend: MBOF.Y's dividend payments have been volatile in the past 10 years.

Growing Dividend: MBOF.Y's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (79.3%), MBOF.Y's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MBOF.Y's dividends in 3 years are forecast to be covered by earnings (82.7% payout ratio).


Next Steps

Management

What is the CEO of M1's salary, the management and board of directors tenure and is there insider trading?

2.9yrs

Average management tenure


CEO

Manjot Mann 0

0.3yrs

Tenure

0

Mr. Manjot Singh Mann has been Chief Executive Officer at M1 Ltd since December 6, 2018. He served as Chief Executive Officer at Pareteum Asia Pte. Ltd. until December 6, 2018. He served as He has been Chi ...


Management Age and Tenure

2.9yrs

Average Tenure

Experienced Management: MBOF.Y's management team is considered experienced (2.9 years average tenure).


Board Age and Tenure

3.9yrs

Average Tenure

62yo

Average Age

Experienced Board: MBOF.Y's board of directors are considered experienced (3.9 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


Management Team

  • Poopalasingam Subramaniam

    Chief Marketing Officer

    • Tenure: 0yrs
  • Patrick Scodeller (60yo)

    Chief Operating Officer

    • Tenure: 6.2yrs
  • Karen Teo

    Head of Legal Services

    • Tenure: 0yrs
  • Kok Chew Lee (49yo)

    CFO & Chief Commercial Officer

    • Tenure: 2yrs
  • Ivan Lim

    Director of Corporate Communications & Investor Relations

    • Tenure: 0yrs
  • Alex Tan

    Chief Innovation Officer

    • Tenure: 0yrs
  • Alan Goh

    Chief Information Officer

    • Tenure: 0yrs
  • Willis Sim

    Chief Corporate Sales & Solutions Officer

    • Tenure: 0yrs
  • Manjot Mann

    Chief Executive Officer

    • Tenure: 0.3yrs
  • Denis Seek

    Chief Technical Officer

    • Tenure: 3.8yrs

Board Members

  • Huan Low (61yo)

    Non-Executive Director

    • Tenure: 24.5yrs
    • Compensation: S$95.00k
  • Karen Kooi (63yo)

    Director

    • Tenure: 9.9yrs
  • Cheng Huang (70yo)

    Non-Executive Independent Director

    • Tenure: 3.9yrs
    • Compensation: S$85.00k
  • Jamaludin Bin Ibrahim (59yo)

    Non Executive Director

    • Tenure: 10.6yrs
    • Compensation: S$45.00k
  • Moses Lee (67yo)

    Independent Non-Executive Director

    • Tenure: 3.8yrs
    • Compensation: S$75.00k
  • Danny Teoh (63yo)

    Non-Executive Chairman

    • Tenure: 1.1yrs
    • Compensation: S$11.96k
  • Elaine Lim Lee (62yo)

    Non Executive & Independent Director

    • Tenure: 3.9yrs
    • Compensation: S$85.00k
  • Lionel Lim (62yo)

    Independent Non-Executive Director

    • Tenure: 3.9yrs
    • Compensation: S$65.00k
  • Wah Yeow Tan (57yo)

    Non-Executive Independent Director

    • Tenure: 1.1yrs
  • Guy Harvey Samuel

    Non-Executive Independent Director

    • Tenure: 0.7yrs

Company Information

M1 Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: M1 Limited
  • Ticker: MBOF.Y
  • Exchange: OTCPK
  • Founded: 1994
  • Industry: Wireless Telecommunication Services
  • Sector: Telecom
  • Market Cap: S$1.899b
  • Listing Market Cap: S$1.405b
  • Shares outstanding: 926.41m
  • Website: https://www.m1.com.sg

Number of Employees


Location

  • M1 Limited
  • 10 International Business Park
  • Singapore
  • 609928
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MBOF.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2002
B2FSGX (Singapore Exchange)YesOrdinary SharesSGSGDDec 2002
MOJBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2002
MBOF.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDNov 2008

Biography

M1 Limited, together with its subsidiaries, provides mobile and fixed communications services to consumers and corporate customers in Singapore. It offers various voice, data, and value-added postpaid and  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/03/19 00:11
End of Day Share Price2019/03/07 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.

© 2018 SIMPLY WALL STREET PTY LTD, COMMUNITY DESIGN 2845206, US DESIGN PATENT #29/544/281, EUROPEAN DESIGN REGISTRATION #2845206, STANDARD & POOR’S FINANCIAL SERVICES LLC. ALL RIGHTS RESERVED.

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Copyright © 2018, Standard & Poor’s Financial Services LLC. Reproduction of S&P Capital IQ in any form is prohibited except with the prior written permission of S&P. S&P does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions, regardless of the cause or for the results obtained from the use of such information. S&P DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall S&P be liable for any direct, indirect, special or consequential damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with subscriber’s or others’ use of S&P Capital IQ. (2018)