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Keppel Infrastructure Trust

OTCPK:KPLI.F
Snowflake Description

High growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KPLI.F
OTCPK
SGD2B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

Keppel Infrastructure Trust is a listed business trust. The last earnings update was 4 days ago. More info.


Add to Portfolio Compare Print
  • Keppel Infrastructure Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
KPLI.F Share Price and Events
7 Day Returns
0%
OTCPK:KPLI.F
-1%
US Integrated Utilities
0.8%
US Market
1 Year Returns
-
OTCPK:KPLI.F
14.2%
US Integrated Utilities
5.9%
US Market
KPLI.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Keppel Infrastructure Trust (KPLI.F) 0% - - - - -
US Integrated Utilities -1% -1.4% 9.3% 14.2% 19.1% 30.1%
US Market 0.8% 2.6% 10.6% 5.9% 37.7% 45.5%
1 Year Return vs Industry and Market
  • No trading data on KPLI.F.
  • No trading data on KPLI.F.
Price Volatility
KPLI.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Keppel Infrastructure Trust's competitors could be found in our database.

Value

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

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 undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Keppel Infrastructure Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Keppel Infrastructure Trust.

OTCPK:KPLI.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:KPLI.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Integrated Utilities Unlevered Beta Simply Wall St/ S&P Global 0.31
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.31 (1 + (1- 17%) (128.77%))
0.76
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for OTCPK:KPLI.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Keppel Infrastructure Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:KPLI.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 231.45 Est @ 28.82% 215.30
2020 280.03 Est @ 20.99% 242.33
2021 323.47 Est @ 15.51% 260.40
2022 361.25 Est @ 11.68% 270.52
2023 393.74 Est @ 8.99% 274.29
2024 421.75 Est @ 7.11% 273.31
2025 446.21 Est @ 5.8% 268.99
2026 467.98 Est @ 4.88% 262.44
2027 487.79 Est @ 4.23% 254.47
2028 506.24 Est @ 3.78% 245.67
Present value of next 10 years cash flows SGD2,567.72
OTCPK:KPLI.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD506.24 × (1 + 2.73%) ÷ (7.5% – 2.73%)
SGD10,907.39
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD10,907.39 ÷ (1 + 7.5%)10
SGD5,293.19
OTCPK:KPLI.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD2,567.72 + SGD5,293.19
SGD7,860.90
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD7,860.90 / 4,994.15
SGD1.57
OTCPK:KPLI.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:KPLI.F represents 0.70213x of SGX:A7RU
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.70213x
Value per Share
(Listing Adjusted, USD)
= Value per Share (SGD) x Listing Adjustment Factor
= SGD 1.57 x 0.70213
$1.11
Value per share (USD) From above. $1.11
Current discount Discount to share price of $0.33
= -1 x ($0.33 - $1.11) / $1.11
70.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Keppel Infrastructure Trust is available for.
Intrinsic value
>50%
Share price is $0.33 vs Future cash flow value of $1.11
Current Discount Checks
For Keppel Infrastructure Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Keppel Infrastructure Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Keppel Infrastructure Trust's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Keppel Infrastructure Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Keppel Infrastructure Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:KPLI.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SGD SGD0.00
SGX:A7RU Share Price ** SGX (2019-03-29) in SGD SGD0.47
United States of America Integrated Utilities Industry PE Ratio Median Figure of 15 Publicly-Listed Integrated Utilities Companies 20.59x
United States of America Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 18.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Keppel Infrastructure Trust.

OTCPK:KPLI.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:A7RU Share Price ÷ EPS (both in SGD)

= 0.47 ÷ 0.00

218.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keppel Infrastructure Trust is overvalued based on earnings compared to the US Integrated Utilities industry average.
  • Keppel Infrastructure Trust is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Keppel Infrastructure Trust's expected growth come at a high price?
Raw Data
OTCPK:KPLI.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 218.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
99.5%per year
United States of America Integrated Utilities Industry PEG Ratio Median Figure of 13 Publicly-Listed Integrated Utilities Companies 3.17x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

OTCPK:KPLI.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 218.81x ÷ 99.5%

2.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keppel Infrastructure Trust is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Keppel Infrastructure Trust's assets?
Raw Data
OTCPK:KPLI.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SGD SGD0.28
SGX:A7RU Share Price * SGX (2019-03-29) in SGD SGD0.47
United States of America Integrated Utilities Industry PB Ratio Median Figure of 17 Publicly-Listed Integrated Utilities Companies 2.18x
United States of America Market PB Ratio Median Figure of 5,172 Publicly-Listed Companies 1.93x
OTCPK:KPLI.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:A7RU Share Price ÷ Book Value per Share (both in SGD)

= 0.47 ÷ 0.28

1.68x

* Primary Listing of Keppel Infrastructure Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keppel Infrastructure Trust is good value based on assets compared to the US Integrated Utilities industry average.
X
Value checks
We assess Keppel Infrastructure Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Integrated Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Integrated Utilities industry average (and greater than 0)? (1 check)
  5. Keppel Infrastructure Trust has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Keppel Infrastructure Trust expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
99.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Keppel Infrastructure Trust expected to grow at an attractive rate?
  • Keppel Infrastructure Trust's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Keppel Infrastructure Trust's earnings growth is expected to exceed the United States of America market average.
  • Keppel Infrastructure Trust's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:KPLI.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:KPLI.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 99.5%
OTCPK:KPLI.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 23.2%
United States of America Integrated Utilities Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
United States of America Integrated Utilities Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:KPLI.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:KPLI.F Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,917 1
2020-12-31 1,928 220 68 2
2019-12-31 1,633 165 27 2
OTCPK:KPLI.F Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-03-31 805 190 8
2018-12-31 647 180 32
2018-09-30 623 158 21
2018-06-30 617 143 29
2018-03-31 641 128 48
2017-12-31 636 82 48
2017-09-30 599 69 46
2017-06-30 603 62 47
2017-03-31 600 84 48
2016-12-31 573 84 41

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Keppel Infrastructure Trust's earnings are expected to grow significantly at over 20% yearly.
  • Keppel Infrastructure Trust's revenue is expected to grow significantly at over 20% yearly.
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.
Raw Data
OTCPK:KPLI.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Keppel Infrastructure Trust Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KPLI.F Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.02 0.02 0.01 2.00
2019-12-31 0.01 0.01 0.01 1.00
OTCPK:KPLI.F Past Financials Data
Date (Data in SGD Millions) EPS *
2019-03-31 0.00
2018-12-31 0.01
2018-09-30 0.01
2018-06-30 0.01
2018-03-31 0.01
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Keppel Infrastructure Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Keppel Infrastructure Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Keppel Infrastructure Trust has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Keppel Infrastructure Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Keppel Infrastructure Trust's growth in the last year to its industry (Integrated Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Keppel Infrastructure Trust has delivered over 20% year on year earnings growth in the past 5 years.
  • Keppel Infrastructure Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Keppel Infrastructure Trust's 1-year earnings growth is negative, it can't be compared to the US Integrated Utilities industry average.
Earnings and Revenue History
Keppel Infrastructure Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Keppel Infrastructure Trust Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KPLI.F Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 805.06 8.32 62.48
2018-12-31 646.56 32.02 37.12
2018-09-30 622.63 21.22 36.75
2018-06-30 616.52 28.56 36.71
2018-03-31 640.95 48.35 36.63
2017-12-31 636.07 47.61 36.48
2017-09-30 599.17 45.67 36.97
2017-06-30 602.56 47.13 36.15
2017-03-31 599.59 47.94 35.41
2016-12-31 573.33 41.19 35.64
2015-12-31 576.58 20.61 34.61
2015-09-30 510.72 5.11 33.85
2015-06-30 484.25 -0.62 34.00
2015-03-31 500.80 -0.75 33.86
2014-12-31 513.81 -14.15 34.15
2014-09-30 525.31 1.41 33.78
2014-06-30 526.97 2.25 33.15
2014-03-31 522.72 -2.10 32.47
2013-12-31 517.87 9.48 32.58
2013-09-30 518.21 11.12 31.83
2013-06-30 520.29 20.66 31.30
2013-03-31 519.69 18.24 30.61
2012-12-31 510.01 18.31 29.68
2012-09-30 505.07 8.06 29.74
2012-06-30 492.25 -25.86 29.23

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Keppel Infrastructure Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Keppel Infrastructure Trust used its assets less efficiently than the US Integrated Utilities industry average last year based on Return on Assets.
  • Keppel Infrastructure Trust has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Keppel Infrastructure Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Integrated Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
Keppel Infrastructure Trust has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Keppel Infrastructure Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Keppel Infrastructure Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Keppel Infrastructure Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Keppel Infrastructure Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Keppel Infrastructure Trust'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 checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, 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.
Raw Data

All data from Keppel Infrastructure Trust Company Filings, last reported 2 weeks ago.

OTCPK:KPLI.F Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,389.72 3,022.62 259.73
2018-12-31 1,178.26 2,151.06 179.76
2018-09-30 1,210.10 2,022.03 175.37
2018-06-30 1,251.90 2,044.79 165.94
2018-03-31 1,294.00 2,059.06 167.09
2017-12-31 1,311.89 2,054.28 164.20
2017-09-30 1,336.38 2,235.66 177.32
2017-06-30 1,358.63 2,210.83 181.53
2017-03-31 1,421.47 2,202.56 202.06
2016-12-31 1,453.97 2,176.23 214.51
2015-12-31 1,600.79 2,027.97 200.06
2015-09-30 1,634.56 2,136.55 363.05
2015-06-30 1,653.47 2,158.75 380.27
2015-03-31 198.73 1,284.83 199.73
2014-12-31 232.95 1,288.74 180.10
2014-09-30 302.32 1,332.73 253.06
2014-06-30 325.34 1,375.56 262.94
2014-03-31 366.33 1,334.94 260.31
2013-12-31 389.24 1,258.78 202.45
2013-09-30 387.93 1,295.09 201.94
2013-06-30 358.52 1,285.70 157.11
2013-03-31 365.15 1,409.41 164.91
2012-12-31 345.98 1,415.32 158.06
2012-09-30 328.62 1,444.09 146.21
2012-06-30 350.62 1,445.89 125.13
  • Keppel Infrastructure Trust's level of debt (217.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (365% vs 217.5% today).
  • Debt is not well covered by operating cash flow (6.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Keppel Infrastructure Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Keppel Infrastructure Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Keppel Infrastructure Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.91%
Current annual income from Keppel Infrastructure Trust dividends. Estimated to be 6.31% next year.
If you bought $2,000 of Keppel Infrastructure Trust shares you are expected to receive $158 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Keppel Infrastructure Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Keppel Infrastructure Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:KPLI.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Integrated Utilities Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 3.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:KPLI.F Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.04 2.00
2019-12-31 0.04 2.00
OTCPK:KPLI.F Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-04-15 0.037 7.832
2019-03-25 0.037 7.990
2019-01-22 0.037 7.398
2018-10-16 0.037 7.817
2018-07-17 0.037 7.297
2018-04-16 0.037 7.082
2018-03-26 0.037 6.878
2018-01-22 0.037 6.525
2017-11-02 0.037 6.468
2017-07-17 0.037 6.739
2017-04-17 0.037 6.817
2017-03-27 0.037 7.171
2017-01-23 0.037 7.546
2016-10-17 0.037 7.606
2016-07-18 0.037 7.371
2016-04-13 0.037 7.471
2016-01-18 0.037 7.808
2015-10-19 0.037 7.284
2015-07-28 0.031 6.194
2015-06-15 0.033 6.091
2015-05-06 0.033 5.953
2015-01-28 0.033 6.008
2015-01-27 0.033 6.019
2014-11-03 0.033 6.203
2014-08-13 0.033 6.540
2014-05-05 0.033 6.770
2014-02-11 0.033 7.018
2014-02-10 0.033 7.016
2013-11-04 0.033 6.986
2013-08-13 0.033 7.001
2013-05-03 0.033 6.875
2013-02-08 0.033 6.971
2012-11-01 0.033 7.400
2012-08-02 0.033 7.702
2012-05-03 0.033 8.361
2012-02-09 0.033 8.596
2011-11-03 0.033 9.466
2011-08-02 0.042 10.711
2011-05-25 0.042 8.173
2011-02-10 0.042 7.715
2010-11-11 0.042 7.362
2010-08-12 0.042 6.937
2010-05-24 0.042 7.019
2010-02-11 0.042 6.903
2009-11-12 0.042 7.039
2009-08-11 0.070 11.566
2009-07-06 0.070 10.148
2009-05-25 0.070 10.970
2009-04-20 0.070 13.197

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Keppel Infrastructure Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.6x coverage).
X
Income/ dividend checks
We assess Keppel Infrastructure Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Keppel Infrastructure Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Keppel Infrastructure Trust has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

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.
CEO
Matthew R. Pollard
AGE 50
TENURE AS CEO 0.8 years
CEO Bio

Mr. Matthew R. Pollard has been Chief Executive Officer of Keppel Infrastructure Fund Management since July 01, 2018. He serves as a Director of Infrastructure - Singapore at AIM Group Limited. He also serves as a Director of Arcapita Bank, Asset Based Investment Arm. He has more than 16 years experience in investment banking and direct investment. He has 14 years of international management experience in Hong Kong, Singapore and Beijing with strong client relationships and a significant client network throughout Asia. Prior to joining Arcapita, he was the Co-Head of the Asia Pacific Energy, Power & Chemicals Division of Investment Banking at Citigroup. Between 2001 - 2006, he was Head of Dresdner Kleinwort's Energy Utilities and Natural Resources Group team based in Singapore. From 1995 to 2001, he was the Co-Founder and Partner of Power Pacific Company and a Vice President with Enron Corp. Mr. Pollard received his M.B.A. from the University of Chicago and B.A. from Columbia University.

CEO Compensation
  • Insufficient data for Matthew R. to compare compensation growth.
  • Insufficient data for Matthew R. 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 Keppel Infrastructure Trust management team in years:

2.7
Average Tenure
48
Average Age
  • The tenure for the Keppel Infrastructure Trust management team is about average.
Management Team

Matthew R. Pollard

TITLE
Chief Executive Officer of Keppel Infrastructure Fund Management
AGE
50
TENURE
0.8 yrs

Eric Ng

TITLE
Head of Finance - Keppel Infrastructure Fund Management Pte Ltd
AGE
42
TENURE
0.5 yrs

Chih Foo

TITLE
Senior Vice President of Investment - Keppel Infrastructure Fund Management Pte Ltd
AGE
39

Marc Liu

TITLE
Head of Asset Management - Keppel Infrastructure Fund Management Pte Ltd
AGE
49

Malcolm Robert Eccles

TITLE
CEO, MD & Director of Basslink Pty Ltd
AGE
48
TENURE
11.6 yrs

Winnie Mak

TITLE
Secretary of Keppel Infrastructure Fund Management Pte Ltd

Kenny Huat

TITLE
Chief Executive Officer of City Gas Pte Ltd
AGE
52
TENURE
2.7 yrs

Joyce Ng

TITLE
Secretary of Keppel Infrastructure Fund Management Pte Ltd

Kwan Teo

TITLE
Head-Regulations & Technical Support Div & Project Director-Special Projects Div -City Gas Pte Ltd

Annie Khung

TITLE
Senior Finance Manager of Keppel Infrastructure Fund Management Pte Ltd
AGE
42
TENURE
3.9 yrs
Board of Directors Tenure

Average tenure and age of the Keppel Infrastructure Trust board of directors in years:

3.7
Average Tenure
53.5
Average Age
  • The tenure for the Keppel Infrastructure Trust board of directors is about average.
Board of Directors

Ban Heng Koh

TITLE
Non-Executive Independent Chairman of Keppel Infrastructure Fund Management Pte Ltd
COMPENSATION
SGD82K
AGE
69

Malcolm Robert Eccles

TITLE
CEO, MD & Director of Basslink Pty Ltd
AGE
48

Mark Andrew Yeo

TITLE
Non-Executive Independent Director of Keppel Infrastructure Fund Management Pte Ltd
COMPENSATION
SGD60K
AGE
55
TENURE
3.7 yrs

Daniel Cuthbert Ee

TITLE
Non Executive Independent Director of Keppel Infrastructure Fund Management Pte Ltd
COMPENSATION
SGD55K
AGE
65
TENURE
3.9 yrs

Shen Yi Thio

TITLE
Non-Executive Independent Director of Keppel Infrastructure Fund Management Pte Ltd
COMPENSATION
SGD53K
AGE
51
TENURE
9.2 yrs

Kunna Chinniah

TITLE
Non-Executive Independent Director of Keppel Infrastructure Fund Management Pte Ltd
COMPENSATION
SGD43K
AGE
61
TENURE
3.7 yrs

Christina Tan

TITLE
Non-Executive & Non-Independent Director of Keppel Infrastructure Fund Management Pte Ltd
COMPENSATION
SGD12K
AGE
52
TENURE
2.6 yrs

Cindy Lim

TITLE
Non-Executive & Non-Independent Director of Keppel Infrastructure Fund Management Pte Ltd
AGE
40
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Keppel Infrastructure Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Keppel Infrastructure Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Keppel Infrastructure Trust is a listed business trust. The firm provides investors with the opportunity to invest in a large and well-diversified portfolio of core infrastructure assets located in jurisdictions with well-developed legal frameworks that support infrastructure investment. It aims to provide long-term, regular and sustainable distributions to its Unitholders. Keppel Infrastructure Trust was incorporated in 2007 and is based in Singapore.

Details
Name: Keppel Infrastructure Trust
KPLI.F
Exchange: OTCPK
Founded: 2007
SGD1,730,921,952
4,994,151,769
Website: http://www.kepinfratrust.com
Address: Keppel Infrastructure Trust
Keppel Bay Tower,
Level 2,
Singapore,
098632,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX A7RU Ordinary Units Singapore Exchange SG SGD 28. Feb 2007
OTCPK KPLI.F Ordinary Units Pink Sheets LLC US USD 28. Feb 2007
Number of employees
Current staff
Staff numbers
0
Keppel Infrastructure Trust employees.
Industry
Multi-Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 00:10
End of day share price update: 2019/03/29 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/04/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.