SINGAPORE TECHNOLOGIES ENGINEERING LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.98 SGD | +1.79% |
|
+1.02% | +2.31% |
| May. 09 | Singapore Technologies Engineering Ltd Announces Board and Committee Changes | CI |
| May. 01 | Singapore Technologies Engineering Names Group COO | 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 | 12,417 | - | - |
| Enterprise Value (EV) 1 | 14,160 | 13,218 | 13,007 | 16,361 | 12,116 | 17,746 | 17,518 | 17,100 |
| P/E ratio | 21.4 x | 23 x | 20.5 x | 19.6 x | 20.8 x | 18.2 x | 16 x | 14.4 x |
| Yield | 3.81% | 3.93% | 3.99% | 4.78% | - | 4.04% | 4.22% | 4.16% |
| Capitalization / Revenue | 1.56 x | 1.66 x | 1.52 x | 1.15 x | 1.2 x | 1.16 x | 1.08 x | 1.01 x |
| EV / Revenue | 1.8 x | 1.85 x | 1.69 x | 1.81 x | 1.2 x | 1.66 x | 1.53 x | 1.39 x |
| EV / EBITDA | 13.9 x | 14.1 x | 12.9 x | 14.5 x | 8.32 x | 11.7 x | 10.6 x | 10.1 x |
| EV / FCF | 47.2 x | 9.92 x | 16.2 x | -182 x | - | 19.1 x | 17.6 x | 16.1 x |
| FCF Yield | 2.12% | 10.1% | 6.17% | -0.55% | - | 5.24% | 5.68% | 6.21% |
| Price to Book | 5.52 x | 5.19 x | 4.85 x | 4.35 x | - | 4.69 x | 4.23 x | 3.76 x |
| Nbr of stocks (in thousands) | 3,115,741 | 3,115,531 | 3,113,669 | 3,112,883 | 3,114,549 | 3,119,871 | - | - |
| Reference price 2 | 3.940 | 3.820 | 3.760 | 3.350 | 3.890 | 3.980 | 3.980 | 3.980 |
| 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 | 10,718 | 11,478 | 12,298 |
| EBITDA 1 | 1,022 | 939.5 | 1,009 | 1,125 | 1,456 | 1,515 | 1,647 | 1,699 |
| EBIT 1 | 654 | 560.9 | 610.5 | 607.9 | 914.7 | 980.6 | 1,050 | 1,114 |
| Operating Margin | 8.31% | 7.84% | 7.94% | 6.73% | 9.06% | 9.15% | 9.15% | 9.06% |
| Earnings before Tax (EBT) 1 | 695.2 | 534.4 | 637.6 | 597.5 | 704.2 | 825.6 | 932.7 | 1,031 |
| Net income 1 | 577.9 | 521.8 | 570.5 | 535 | 586.5 | 677.3 | 772.3 | 853.8 |
| Net margin | 7.35% | 7.29% | 7.42% | 5.92% | 5.81% | 6.32% | 6.73% | 6.94% |
| EPS 2 | 0.1842 | 0.1664 | 0.1830 | 0.1706 | 0.1869 | 0.2182 | 0.2489 | 0.2758 |
| Free Cash Flow 1 | 299.8 | 1,333 | 802.2 | -89.83 | - | 929.1 | 994.5 | 1,062 |
| FCF margin | 3.81% | 18.62% | 10.43% | -0.99% | - | 8.67% | 8.66% | 8.63% |
| FCF Conversion (EBITDA) | 29.33% | 141.83% | 79.54% | - | - | 61.32% | 60.37% | 62.49% |
| FCF Conversion (Net income) | 51.88% | 255.35% | 140.61% | - | - | 137.17% | 128.78% | 124.37% |
| Dividend per Share 2 | 0.1500 | 0.1500 | 0.1500 | 0.1600 | - | 0.1609 | 0.1678 | 0.1657 |
| 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 S2 |
|---|---|---|---|---|---|---|
| Net sales | - | - | 4,270 | 4,765 | - | 5,238 |
| 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 1 | - | 0.0400 | - | - | - | - |
| Announcement Date | 8/13/20 | 8/11/22 | 8/11/22 | 2/23/23 | 8/10/23 | 2/28/24 |
1SGD
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 | - | 5,329 | 5,101 | 4,683 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.843 x | 1.401 x | 1.288 x | 5.275 x | - | 3.517 x | 3.096 x | 2.756 x |
| Free Cash Flow 1 | 300 | 1,333 | 802 | -89.8 | - | 929 | 995 | 1,062 |
| ROE (net income / shareholders' equity) | 26% | 22.8% | 23.6% | 22.3% | - | 26.4% | 27.7% | 27.2% |
| ROA (Net income/ Total Assets) | 6.76% | 5.47% | 5.57% | 4.2% | - | 4.9% | 5.41% | 5.65% |
| Assets 1 | 8,549 | 9,542 | 10,240 | 12,740 | - | 13,820 | 14,269 | 15,111 |
| Book Value Per Share 2 | 0.7100 | 0.7400 | 0.7700 | 0.7700 | - | 0.8500 | 0.9400 | 1.060 |
| Cash Flow per Share 2 | 0.1900 | 0.4900 | 0.3600 | 0.2100 | - | 0.4500 | 0.4700 | 0.5100 |
| Capex 1 | 290 | 200 | 312 | 763 | - | 559 | 543 | 549 |
| Capex / Sales | 3.69% | 2.8% | 4.06% | 8.44% | - | 5.21% | 4.73% | 4.47% |
| 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
3.98
SGD
Average target price
4.408
SGD
Spread / Average Target
+10.75%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +2.31% | 9.17B | |
| +26.36% | 141B | |
| +14.16% | 81.2B | |
| +1.42% | 70.27B | |
| +25.53% | 52.54B | |
| +41.34% | 44.34B | |
| +4.26% | 41.65B | |
| +38.12% | 31.01B | |
| +17.46% | 22.9B | |
| +23.33% | 19.87B |
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