SINGAPORE TECHNOLOGIES ENGINEERING LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.18 SGD | +0.97% |
|
+0.72% | +7.46% |
| May. 23 | Singaporean Shares Rise Despite Inflation Worries; Singapore Technologies Up 1% | MT |
| May. 23 | Singapore Tech Engineering Director Acquires Additional Shares | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 12,276 | 11,901 | 11,707 | 10,428 | 12,116 | 13,038 | - | - |
| Enterprise Value (EV) 1 | 14,160 | 13,218 | 13,007 | 16,361 | 17,870 | 18,292 | 18,014 | 17,606 |
| P/E ratio | 21.4 x | 23 x | 20.5 x | 19.6 x | 20.8 x | 19 x | 16.6 x | 15.1 x |
| Yield | 3.81% | 3.93% | 3.99% | 4.78% | 4.11% | 3.85% | 4.03% | 4.22% |
| Capitalization / Revenue | 1.56 x | 1.66 x | 1.52 x | 1.15 x | 1.2 x | 1.2 x | 1.12 x | 1.05 x |
| EV / Revenue | 1.8 x | 1.85 x | 1.69 x | 1.81 x | 1.77 x | 1.68 x | 1.54 x | 1.42 x |
| EV / EBITDA | 13.9 x | 14.1 x | 12.9 x | 14.5 x | 12.3 x | 12 x | 10.8 x | 10 x |
| EV / FCF | 47.2 x | 9.92 x | 16.2 x | -182 x | 28 x | 16.9 x | 17.5 x | 16.8 x |
| FCF Yield | 2.12% | 10.1% | 6.17% | -0.55% | 3.57% | 5.92% | 5.71% | 5.96% |
| Price to Book | 5.52 x | 5.19 x | 4.85 x | 4.35 x | 4.93 x | 4.92 x | 4.43 x | 3.95 x |
| Nbr of stocks (in thousands) | 3,115,741 | 3,115,531 | 3,113,669 | 3,112,883 | 3,114,549 | 3,119,169 | - | - |
| Reference price 2 | 3.940 | 3.820 | 3.760 | 3.350 | 3.890 | 4.180 | 4.180 | 4.180 |
| Announcement Date | 2/23/20 | 2/18/21 | 2/24/22 | 2/23/23 | 2/28/24 | - | - | - |
1SGD in Million2SGD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,868 | 7,158 | 7,693 | 9,035 | 10,101 | 10,886 | 11,673 | 12,421 |
| EBITDA 1 | 1,022 | 939.5 | 1,009 | 1,125 | 1,456 | 1,526 | 1,661 | 1,754 |
| EBIT 1 | 654 | 560.9 | 610.5 | 607.9 | 914.7 | 982.7 | 1,077 | 1,138 |
| Operating Margin | 8.31% | 7.84% | 7.94% | 6.73% | 9.06% | 9.03% | 9.22% | 9.16% |
| Earnings before Tax (EBT) 1 | 695.2 | 534.4 | 637.6 | 597.5 | 704.2 | 835.5 | 951 | 1,044 |
| Net income 1 | 577.9 | 521.8 | 570.5 | 535 | 586.5 | 685.1 | 781.9 | 861.9 |
| Net margin | 7.35% | 7.29% | 7.42% | 5.92% | 5.81% | 6.29% | 6.7% | 6.94% |
| EPS 2 | 0.1842 | 0.1664 | 0.1830 | 0.1706 | 0.1869 | 0.2204 | 0.2517 | 0.2777 |
| Free Cash Flow 1 | 299.8 | 1,333 | 802.2 | -89.83 | 638.3 | 1,083 | 1,029 | 1,048 |
| FCF margin | 3.81% | 18.62% | 10.43% | -0.99% | 6.32% | 9.95% | 8.82% | 8.44% |
| FCF Conversion (EBITDA) | 29.33% | 141.83% | 79.54% | - | 43.84% | 70.98% | 61.95% | 59.78% |
| FCF Conversion (Net income) | 51.88% | 255.35% | 140.61% | - | 108.84% | 158.13% | 131.61% | 121.65% |
| Dividend per Share 2 | 0.1500 | 0.1500 | 0.1500 | 0.1600 | 0.1600 | 0.1609 | 0.1686 | 0.1764 |
| Announcement Date | 2/23/20 | 2/18/21 | 2/24/22 | 2/23/23 | 2/28/24 | - | - | - |
1SGD in Million2SGD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2022 Q2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 Q3 | 2023 S2 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | 4,270 | 4,765 | - | 2,400 | 5,238 | 2,804 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | - | - | 360.3 | 269.9 | - | - | 470.5 | - |
| Operating Margin | - | - | 8.44% | 5.66% | - | - | 8.98% | - |
| Earnings before Tax (EBT) | - | - | - | 246.4 | - | - | - | - |
| Net income | 257.4 | - | 280 | 255 | 280.6 | - | 305.8 | - |
| Net margin | - | - | 6.56% | 5.35% | - | - | 5.84% | - |
| EPS | - | - | - | - | 0.0895 | - | - | - |
| Dividend per Share | - | 0.0400 | - | - | - | - | - | - |
| Announcement Date | 8/13/20 | 8/11/22 | 8/11/22 | 2/23/23 | 8/10/23 | 11/28/23 | 2/28/24 | - |
1SGD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,884 | 1,316 | 1,299 | 5,933 | 5,755 | 5,254 | 4,976 | 4,568 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.843 x | 1.401 x | 1.288 x | 5.275 x | 3.952 x | 3.442 x | 2.996 x | 2.605 x |
| Free Cash Flow 1 | 300 | 1,333 | 802 | -89.8 | 638 | 1,083 | 1,029 | 1,048 |
| ROE (net income / shareholders' equity) | 26% | 22.8% | 23.6% | 22.3% | 23.8% | 26.6% | 27.7% | 27.4% |
| ROA (Net income/ Total Assets) | 6.76% | 5.47% | 5.57% | 4.2% | 3.87% | 4.93% | 5.41% | 5.58% |
| Assets 1 | 8,549 | 9,542 | 10,240 | 12,740 | 15,171 | 13,901 | 14,440 | 15,441 |
| Book Value Per Share 2 | 0.7100 | 0.7400 | 0.7700 | 0.7700 | 0.7900 | 0.8500 | 0.9400 | 1.060 |
| Cash Flow per Share 2 | 0.1900 | 0.4900 | 0.3600 | 0.2100 | 0.3800 | 0.4500 | 0.4700 | 0.5100 |
| Capex 1 | 290 | 200 | 312 | 763 | 540 | 559 | 543 | 549 |
| Capex / Sales | 3.69% | 2.8% | 4.06% | 8.44% | 5.35% | 5.13% | 4.65% | 4.42% |
| Announcement Date | 2/23/20 | 2/18/21 | 2/24/22 | 2/23/23 | 2/28/24 | - | - | - |
1SGD in Million2SGD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
4.18
SGD
Average target price
4.512
SGD
Spread / Average Target
+7.95%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +7.46% | 9.64B | |
| +28.13% | 143B | |
| +15.44% | 82.11B | |
| -3.71% | 66.71B | |
| +25.35% | 53.3B | |
| +51.28% | 48.25B | |
| +6.75% | 42.65B | |
| +77.38% | 39.86B | |
| +60.84% | 25.93B | |
| +83.90% | 24.85B |
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