Market Closed -
Singapore S.E.
05:09:13 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
1.09
SGD
|
-0.91%
|
|
+2.83%
|
-11.38%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
5,154
|
4,210
|
4,308
|
3,969
|
3,564
|
3,176
|
-
|
-
|
Enterprise Value (EV)
1 |
8,627
|
8,809
|
8,959
|
8,543
|
7,606
|
7,234
|
7,227
|
7,162
|
P/E ratio
|
14.1
x
|
-57.7
x
|
9.35
x
|
8.59
x
|
20.8
x
|
20
x
|
18.8
x
|
17.9
x
|
Yield
|
5.17%
|
4.97%
|
5.74%
|
6.44%
|
5.8%
|
5.85%
|
6.39%
|
6.52%
|
Capitalization / Revenue
|
14.1
x
|
13.3
x
|
12
x
|
9.29
x
|
7.7
x
|
6.85
x
|
6.66
x
|
6.42
x
|
EV / Revenue
|
23.5
x
|
27.9
x
|
25
x
|
20
x
|
16.4
x
|
15.6
x
|
15.1
x
|
14.5
x
|
EV / EBITDA
|
46.8
x
|
43.8
x
|
30.4
x
|
21.2
x
|
25.9
x
|
20.5
x
|
20.2
x
|
19.9
x
|
EV / FCF
|
38.7
x
|
43.7
x
|
38.1
x
|
33
x
|
31.6
x
|
20.1
x
|
19.7
x
|
18.9
x
|
FCF Yield
|
2.59%
|
2.29%
|
2.63%
|
3.03%
|
3.16%
|
4.98%
|
5.06%
|
5.28%
|
Price to Book
|
0.86
x
|
0.7
x
|
0.67
x
|
0.61
x
|
0.55
x
|
0.52
x
|
0.51
x
|
0.52
x
|
Nbr of stocks (in thousands)
|
2,801,016
|
2,825,294
|
2,852,999
|
2,875,948
|
2,897,274
|
2,913,675
|
-
|
-
|
Reference price
2 |
1.840
|
1.490
|
1.510
|
1.380
|
1.230
|
1.090
|
1.090
|
1.090
|
Announcement Date
|
1/21/20
|
1/25/21
|
1/25/22
|
1/19/23
|
1/23/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
366.7
|
315.4
|
358.1
|
427.3
|
462.7
|
463.4
|
477.1
|
494.8
|
EBITDA
1 |
184.2
|
201.2
|
294.2
|
402.3
|
293.3
|
353
|
357.9
|
359.2
|
EBIT
1 |
183.4
|
144
|
190.6
|
256.7
|
248.4
|
248.7
|
256.3
|
262.4
|
Operating Margin
|
50%
|
45.66%
|
53.22%
|
60.08%
|
53.69%
|
53.66%
|
53.73%
|
53.03%
|
Earnings before Tax (EBT)
1 |
411
|
-115.3
|
515.5
|
513.9
|
204.3
|
182.3
|
192.4
|
209.4
|
Net income
1 |
390.5
|
-71.36
|
476.4
|
476.8
|
185.4
|
158.4
|
171.8
|
183.1
|
Net margin
|
106.49%
|
-22.63%
|
133.06%
|
111.6%
|
40.06%
|
34.17%
|
36.01%
|
37%
|
EPS
2 |
0.1307
|
-0.0258
|
0.1614
|
0.1606
|
0.0590
|
0.0546
|
0.0578
|
0.0609
|
Free Cash Flow
1 |
223.1
|
201.7
|
235.4
|
258.9
|
240.7
|
360.1
|
366
|
378.3
|
FCF margin
|
60.84%
|
63.96%
|
65.75%
|
60.59%
|
52.02%
|
77.71%
|
76.71%
|
76.45%
|
FCF Conversion (EBITDA)
|
121.13%
|
100.28%
|
80.01%
|
64.36%
|
82.06%
|
102.02%
|
102.26%
|
105.31%
|
FCF Conversion (Net income)
|
57.13%
|
-
|
49.41%
|
54.29%
|
129.84%
|
227.39%
|
213.02%
|
206.62%
|
Dividend per Share
2 |
0.0951
|
0.0740
|
0.0867
|
0.0888
|
0.0714
|
0.0638
|
0.0696
|
0.0711
|
Announcement Date
|
1/21/20
|
1/25/21
|
1/25/22
|
1/19/23
|
1/23/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S2
|
2021 S1
|
2021 Q3
|
2021 Q4
|
2022 S1
|
2022 Q3
|
2023 S1
|
---|
Net sales
1 |
165.9
|
166.8
|
-
|
-
|
203.5
|
132.2
|
224.3
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
-
|
-
|
171.5
|
171.5
|
-
|
-
|
72.12
|
Net margin
|
-
|
-
|
-
|
-
|
-
|
-
|
32.15%
|
EPS
|
-
|
-
|
0.0600
|
0.0600
|
-
|
-
|
-
|
Dividend per Share
|
0.0411
|
0.0415
|
0.0200
|
0.0228
|
0.0481
|
-
|
0.0348
|
Announcement Date
|
1/25/21
|
7/21/21
|
3/28/22
|
1/25/22
|
7/26/22
|
10/19/22
|
7/25/23
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
3,473
|
4,599
|
4,651
|
4,574
|
4,042
|
4,058
|
4,051
|
3,986
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
18.85
x
|
22.86
x
|
15.81
x
|
11.37
x
|
13.78
x
|
11.5
x
|
11.32
x
|
11.1
x
|
Free Cash Flow
1 |
223
|
202
|
235
|
259
|
241
|
360
|
366
|
378
|
ROE (net income / shareholders' equity)
|
4.17%
|
2.39%
|
7.67%
|
7.41%
|
2.87%
|
2.72%
|
2.88%
|
2.89%
|
ROA (Net income/ Total Assets)
|
2.48%
|
1.35%
|
4.16%
|
4.08%
|
1.62%
|
1.37%
|
1.66%
|
1.78%
|
Assets
1 |
15,763
|
-5,290
|
11,461
|
11,699
|
11,420
|
11,579
|
10,350
|
10,275
|
Book Value Per Share
2 |
2.130
|
2.140
|
2.240
|
2.250
|
2.230
|
2.110
|
2.120
|
2.110
|
Cash Flow per Share
2 |
0.0800
|
0.0800
|
0.0800
|
0.0900
|
0.0900
|
0.0800
|
0.0800
|
0.1000
|
Capex
1 |
6.34
|
10.4
|
8.31
|
14.1
|
11.3
|
18.7
|
11.1
|
11.9
|
Capex / Sales
|
1.73%
|
3.29%
|
2.32%
|
3.3%
|
2.44%
|
4.03%
|
2.32%
|
2.41%
|
Announcement Date
|
1/21/20
|
1/25/21
|
1/25/22
|
1/19/23
|
1/23/24
|
-
|
-
|
-
|
Last Close Price
1.09
SGD Average target price
1.18
SGD Spread / Average Target +8.26% Consensus |
1st Jan change
|
Capi.
|
---|
| -11.38% | 2.33B | | -12.34% | 9.66B | | -1.80% | 6.48B | | -8.33% | 4.93B | | -8.05% | 4.85B | | +11.51% | 4.11B | | -4.73% | 4.02B | | -16.82% | 3.89B | | +12.04% | 3.28B | | -15.11% | 3.16B |
Office REITs
|