IPC CORPORATION LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.091 SGD | -2.15% |
|
0.00% | -12.50% |
| Feb. 28 | IPC Corporation Ltd Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | IPC Terminates Deal to Sell Two Chinese Properties; Shares Fall 12% | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 25.59 | 24.73 | 14.07 | 12.79 | 9.041 | 8.87 |
| Enterprise Value (EV) 1 | 23.58 | 25.8 | 14.89 | 14.23 | 12.21 | 11.73 |
| P/E ratio | 1.02 x | -1.48 x | -0.5 x | -1.45 x | -1.2 x | -14.1 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 2.84 x | 6.94 x | 2.6 x | 3.07 x | 6.07 x | 2.8 x |
| EV / Revenue | 2.61 x | 7.24 x | 2.75 x | 3.41 x | 8.19 x | 3.71 x |
| EV / EBITDA | -7.1 x | -7.85 x | -1.71 x | -3.03 x | -2.72 x | -4.07 x |
| EV / FCF | 1,641 x | -25.7 x | 4.96 x | 18.5 x | -69.6 x | -0.34 x |
| FCF Yield | 0.06% | -3.88% | 20.2% | 5.42% | -1.44% | -297% |
| Price to Book | 0.24 x | 0.28 x | 0.22 x | 0.22 x | 0.2 x | 0.21 x |
| Nbr of stocks (in thousands) | 85,292 | 85,292 | 85,292 | 85,292 | 85,292 | 85,292 |
| Reference price 2 | 0.3000 | 0.2900 | 0.1650 | 0.1500 | 0.1060 | 0.1040 |
| Announcement Date | 4/9/19 | 4/13/20 | 4/13/21 | 4/12/22 | 4/11/23 | 4/11/24 |
1SGD in Million2SGD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 9.019 | 3.565 | 5.412 | 4.17 | 1.49 | 3.166 |
| EBITDA 1 | -3.323 | -3.285 | -8.689 | -4.704 | -4.483 | -2.884 |
| EBIT 1 | -4.862 | -4.799 | -9.985 | -5.781 | -5.548 | -3.383 |
| Operating Margin | -53.91% | -134.61% | -184.5% | -138.63% | -372.35% | -106.85% |
| Earnings before Tax (EBT) 1 | 25.04 | -16.46 | -28.29 | -8.465 | -7.497 | -0.454 |
| Net income 1 | 24.97 | -16.71 | -28.43 | -8.848 | -7.537 | -0.631 |
| Net margin | 276.84% | -468.64% | -525.3% | -212.18% | -505.84% | -19.93% |
| EPS 2 | 0.2927 | -0.1959 | -0.3333 | -0.1037 | -0.0884 | -0.007400 |
| Free Cash Flow 1 | 0.0144 | -1.002 | 3.005 | 0.771 | -0.1754 | -34.87 |
| FCF margin | 0.16% | -28.1% | 55.52% | 18.49% | -11.77% | -1,101.44% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | 0.06% | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/9/19 | 4/13/20 | 4/13/21 | 4/12/22 | 4/11/23 | 4/11/24 |
1SGD in Million2SGD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 1.06 | 0.82 | 1.44 | 3.17 | 2.86 |
| Net Cash position 1 | 2 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | -0.3236 x | -0.0941 x | -0.3059 x | -0.7064 x | -0.9924 x |
| Free Cash Flow 1 | 0.01 | -1 | 3 | 0.77 | -0.18 | -34.9 |
| ROE (net income / shareholders' equity) | 26.4% | -17.2% | -37.5% | -14.6% | -14.8% | -1.45% |
| ROA (Net income/ Total Assets) | -2.88% | -2.77% | -7.19% | -5.16% | -5.91% | -4.13% |
| Assets 1 | -868.1 | 603.2 | 395.6 | 171.5 | 127.6 | 15.27 |
| Book Value Per Share 2 | 1.250 | 1.030 | 0.7500 | 0.6700 | 0.5200 | 0.5000 |
| Cash Flow per Share 2 | 0.1200 | 0.0900 | 0.0900 | 0.0400 | 0.0200 | 0.0100 |
| Capex 1 | 0.36 | 0.17 | 0.12 | 0.42 | 0 | 0.03 |
| Capex / Sales | 3.99% | 4.68% | 2.25% | 10.1% | 0.13% | 1.01% |
| Announcement Date | 4/9/19 | 4/13/20 | 4/13/21 | 4/12/22 | 4/11/23 | 4/11/24 |
1SGD in Million2SGD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -12.50% | 5.7M | |
| +19.80% | 12.57B | |
| -16.03% | 6.95B | |
| -8.23% | 5.95B | |
| +5.08% | 5.91B | |
| -7.69% | 3.72B | |
| +4.10% | 2.58B | |
| +7.49% | 2.57B | |
| -3.46% | 2.32B | |
| +25.13% | 2.31B |
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