Financials Sabana Industrial Real Estate Investment Trust

Equities

M1GU

SG2C57965205

Commercial REITs

Market Closed - Singapore S.E. 05:04:35 2024-04-26 am EDT 5-day change 1st Jan Change
0.37 SGD +1.37% Intraday chart for Sabana Industrial Real Estate Investment Trust +2.78% -8.64%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 484.4 373.8 468.6 470.7 450.3 416.3 -
Enterprise Value (EV) 1 755.5 373.8 754.4 828.1 749.6 727.3 730.3
P/E ratio 23.5 x -8.85 x 9.65 x 8.93 x 24.7 x 13.1 x 12.6 x
Yield 6.35% - 6.85% 7.01% 6.81% 7.51% 7.84%
Capitalization / Revenue 6.35 x - 5.72 x 4.96 x 4.02 x 4.24 x 4.08 x
EV / Revenue 9.9 x - 9.21 x 8.73 x 6.7 x 7.41 x 7.16 x
EV / EBITDA 16,721,707 x - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 0.81 x - 0.86 x - - - -
Nbr of stocks (in thousands) 1,053,084 1,053,084 1,053,084 1,082,146 1,111,788 1,125,055 -
Reference price 2 0.4600 0.3550 0.4450 0.4350 0.4050 0.3700 0.3700
Announcement Date 1/23/20 4/11/21 1/19/22 1/30/23 1/23/24 - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 76.34 - 81.91 94.91 111.9 98.2 102
EBITDA 45.18 - - - - - -
EBIT 45.72 - 46.26 - - - -
Operating Margin 59.89% - 56.47% - - - -
Earnings before Tax (EBT) 1 20.66 - 32.82 38.46 18.63 31.5 33.1
Net income 1 20.66 -42.21 32.82 38.46 33.16 34.7 36.5
Net margin 27.06% - 40.07% 40.53% 29.64% 35.34% 35.78%
EPS 2 0.0196 -0.0401 0.0461 0.0487 0.0164 0.0282 0.0294
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 0.0292 - 0.0305 0.0305 0.0276 0.0278 0.0290
Announcement Date 1/23/20 4/11/21 1/19/22 1/30/23 1/23/24 - -
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 271 - 286 357 299 311 314
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) 6 x - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 3.44% - 5.99% 6.74% 5.71% 5.5% 5.7%
ROA (Net income/ Total Assets) 2.11% - 3.38% - 3.33% 3.1% 3.3%
Assets 1 980.5 - 971.6 - 994.6 1,119 1,106
Book Value Per Share 0.5700 - 0.5200 - - - -
Cash Flow per Share 2 0.0400 - 0.0500 0.0400 0.0400 0.0300 0.0300
Capex 1 - - 9.54 2.68 16.7 3.1 3.1
Capex / Sales - - 11.65% 2.82% 14.93% 3.16% 3.04%
Announcement Date 1/23/20 4/11/21 1/19/22 1/30/23 1/23/24 - -
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

Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
1
Last Close Price
0.37 SGD
Average target price
0.3 SGD
Spread / Average Target
-18.92%
Consensus

Annual profits - Rate of surprise

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