SEMBCORP INDUSTRIES LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.44 SGD | -0.18% |
|
+2.26% | +2.45% |
| Apr. 23 | Sembcorp Industries Ltd Appoints Kunnasagaran Chinniah as Chairman of the Risk Committee | CI |
| Apr. 23 | Sembcorp Industries Ltd Approves Final Dividend for the Fiscal Year 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,089 | 3,046 | 3,560 | 6,006 | 9,448 | 9,697 | - | - |
| Enterprise Value (EV) 1 | 13,398 | 9,809 | 9,513 | 11,822 | 9,448 | 16,200 | 16,228 | 16,876 |
| P/E ratio | 19.5 x | -3.01 x | 13 x | 7.26 x | 10.2 x | 10.9 x | 10.4 x | 9.6 x |
| Yield | 2.18% | 2.34% | 2.5% | 2.37% | - | 2.45% | 2.49% | 3.03% |
| Capitalization / Revenue | 0.43 x | 0.56 x | 0.46 x | 0.64 x | 1.34 x | 1.42 x | 1.41 x | 1.34 x |
| EV / Revenue | 1.39 x | 1.8 x | 1.22 x | 1.26 x | 1.34 x | 2.37 x | 2.35 x | 2.33 x |
| EV / EBITDA | 9.54 x | 9.6 x | 8.44 x | 9.94 x | 5.28 x | 9.2 x | 8.76 x | 8.86 x |
| EV / FCF | 258 x | 56.7 x | 10.2 x | 11.3 x | - | 10.1 x | 29.7 x | 56.3 x |
| FCF Yield | 0.39% | 1.76% | 9.85% | 8.83% | - | 9.9% | 3.37% | 1.77% |
| Price to Book | 0.6 x | 0.91 x | 0.95 x | 1.52 x | - | 1.81 x | 1.6 x | 1.41 x |
| Nbr of stocks (in thousands) | 1,785,581 | 1,781,309 | 1,780,032 | 1,776,784 | 1,779,258 | 1,782,626 | - | - |
| Reference price 2 | 2.290 | 1.710 | 2.000 | 3.380 | 5.310 | 5.440 | 5.440 | 5.440 |
| Announcement Date | 2/20/20 | 2/22/21 | 2/22/22 | 2/20/23 | 2/19/24 | - | - | - |
1SGD in Million2SGD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,618 | 5,447 | 7,795 | 9,395 | 7,042 | 6,826 | 6,900 | 7,227 |
| EBITDA 1 | 1,404 | 1,022 | 1,127 | 1,189 | 1,789 | 1,760 | 1,852 | 1,906 |
| EBIT 1 | 722 | 443 | 670 | 728 | 1,335 | 1,235 | 1,319 | 1,371 |
| Operating Margin | 7.51% | 8.13% | 8.6% | 7.75% | 18.96% | 18.1% | 19.11% | 18.98% |
| Earnings before Tax (EBT) 1 | 295 | 211 | 423 | 865 | 1,230 | 1,111 | 1,155 | 1,280 |
| Net income 1 | 247 | -997 | 279 | 848 | 942 | 889.8 | 931.1 | 1,007 |
| Net margin | 2.57% | -18.3% | 3.58% | 9.03% | 13.38% | 13.04% | 13.49% | 13.93% |
| EPS 2 | 0.1174 | -0.5681 | 0.1544 | 0.4657 | 0.5199 | 0.4988 | 0.5230 | 0.5665 |
| Free Cash Flow 1 | 52 | 173 | 937 | 1,044 | - | 1,604 | 546.8 | 299.5 |
| FCF margin | 0.54% | 3.18% | 12.02% | 11.11% | - | 23.49% | 7.93% | 4.14% |
| FCF Conversion (EBITDA) | 3.7% | 16.93% | 83.14% | 87.8% | - | 91.11% | 29.53% | 15.72% |
| FCF Conversion (Net income) | 21.05% | - | 335.84% | 123.11% | - | 180.22% | 58.73% | 29.74% |
| Dividend per Share 2 | 0.0500 | 0.0400 | 0.0500 | 0.0800 | - | 0.1335 | 0.1352 | 0.1647 |
| Announcement Date | 2/20/20 | 2/22/21 | 2/22/22 | 2/20/23 | 2/19/24 | - | - | - |
1SGD in Million2SGD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 S2 | 2022 S2 |
|---|---|---|---|
| Net sales 1 | 3,290 | 4,505 | 4,641 |
| EBITDA | - | - | - |
| EBIT | - | - | - |
| Operating Margin | - | - | - |
| Earnings before Tax (EBT) | - | - | - |
| Net income | - | 233 | - |
| Net margin | - | 5.17% | - |
| EPS | - | - | - |
| Dividend per Share | - | - | - |
| Announcement Date | 8/5/21 | 2/22/22 | 2/20/23 |
1SGD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 9,309 | 6,763 | 5,953 | 5,816 | - | 6,502 | 6,531 | 7,178 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.63 x | 6.617 x | 5.282 x | 4.892 x | - | 3.694 x | 3.527 x | 3.767 x |
| Free Cash Flow 1 | 52 | 173 | 937 | 1,044 | - | 1,604 | 547 | 300 |
| ROE (net income / shareholders' equity) | 3.5% | 8.08% | 7.85% | 21.9% | - | 18% | 16.9% | 15.8% |
| ROA (Net income/ Total Assets) | 1.06% | -5.42% | 2% | 5.58% | - | 5.71% | 5.81% | 5.75% |
| Assets 1 | 23,287 | 18,408 | 13,979 | 15,208 | - | 15,592 | 16,020 | 17,513 |
| Book Value Per Share 2 | 3.850 | 1.870 | 2.120 | 2.230 | - | 3.000 | 3.410 | 3.860 |
| Cash Flow per Share 2 | 0.5400 | 0.2700 | 0.6700 | 0.9100 | - | 0.6300 | 0.7600 | 0.8400 |
| Capex 1 | 925 | 318 | 282 | 608 | - | 496 | 580 | 446 |
| Capex / Sales | 9.62% | 5.84% | 3.62% | 6.47% | - | 7.27% | 8.41% | 6.16% |
| Announcement Date | 2/20/20 | 2/22/21 | 2/22/22 | 2/20/23 | 2/19/24 | - | - | - |
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
12
Last Close Price
5.44
SGD
Average target price
6.791
SGD
Spread / Average Target
+24.83%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +2.45% | 7.12B | |
| -20.00% | 85.7B | |
| +63.42% | 81.88B | |
| -.--% | 51.55B | |
| -0.90% | 48.58B | |
| -4.56% | 45.12B | |
| +1.14% | 41.62B | |
| +2.14% | 34.6B | |
| +10.91% | 33.81B | |
| -21.83% | 25.56B |
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