Market Price (2015-3-06) = $1.67
*As a project-oriented business, I used FY2014 for earnings instead of latest quarter.
Earnings
Approx. EPS: $0.139 (for FY2014)
Approx. DPS: $0.07
Ratios
P/E: 12.1
Yield: 4.2%
Profitability
ROE: 20.7% [Avg for SG blue chips is 11.8%]
Asset Turnover: 0.75 [Avg for SG blue chips is ~0.5]
Net Income Margin: 12.3
Balance Sheet
Current Ratio: 1.79
Debt To Equity: 0.425
NAV: $0.684
Additional Info
Biannual distributions in Aug/Dec. Management committed to paying out at least 50% earnings as dividends
Personal Opinion:
+ Diverse business in Energy (~35%), Real Estate (~40%), Geo-Spatial (~20%) and Water (5%) in 84 countries
+ Long history with 12 consecutive years of dividend payout through crisis periods.
+ Fortress balance sheet: Net cash position of 160+M, Current Assets can cover ALL Liabilities.
+ At its 52 week low...
- Management has expressed "extremely challenging" business climates for oil & gas, real estate sectors.
A stock I learned and read up on over the weekend. I think they will benefit greatly in the future with all the Smart Nation stuff coming up in Singapore. Problem is they are looking to diverse the Real Estate sector into a separate business and I am not sure what is the impact. I will probably wait for that to happen before deciding if I want to jump in.
Sunday, March 08, 2015
Sunday, March 01, 2015
Stock Analysis 6: CMP 2014 Full Year
Market Price (2015-2-27) = $1.06
Converted using $1HKD to $0.18SGD.
Earnings
Approx. EPS: $0.16
Approx. DPS: $0.07 (Plus bonus shares!)
Ratios
P/E: 6.6
Yield: 6.6%
Profitability
ROE: 11.6% [Avg for SG blue chips is 11.8%]
Asset Turnover: 0.139 [Avg for SG blue chips is ~0.5. Not a good measure because asset heavy company]
Net Income Margin: 36.6
Balance Sheet
Current Ratio: 3.2
Debt To Equity: 0.36
NAV: $1.07
Additional Info
Biannual distributions in May/Oct. Management committed to paying out at least 50% earnings as dividends
Personal Opinion: HOLD/BUY
They are giving 1 for every 20 share bonus issue, ON TOP of a 3.5 cents dividends! That means I am going to get 5 lots for 'free'!
Unless any policy change occurs, this will be a very strong income stock for many years to come.
Converted using $1HKD to $0.18SGD.
Earnings
Approx. EPS: $0.16
Approx. DPS: $0.07 (Plus bonus shares!)
Ratios
P/E: 6.6
Yield: 6.6%
Profitability
ROE: 11.6% [Avg for SG blue chips is 11.8%]
Asset Turnover: 0.139 [Avg for SG blue chips is ~0.5. Not a good measure because asset heavy company]
Net Income Margin: 36.6
Balance Sheet
Current Ratio: 3.2
Debt To Equity: 0.36
NAV: $1.07
Additional Info
Biannual distributions in May/Oct. Management committed to paying out at least 50% earnings as dividends
Personal Opinion: HOLD/BUY
They are giving 1 for every 20 share bonus issue, ON TOP of a 3.5 cents dividends! That means I am going to get 5 lots for 'free'!
Unless any policy change occurs, this will be a very strong income stock for many years to come.
Stock Analysis 5: Super Group 2014 Full Year
Market Price (2015-2-27) = $1.195
Earnings
Approx. EPS: $0.0617 (Down from $0.0896)
Approx. DPS: $0.031
Payout Ratio: ~50
Ratios
P/E: 19.4
Yield: 2.6%
Profitability
ROE: 14.2% [Avg for SG blue chips is 11.8%]
Asset Turnover: 0.877 [Avg for SG blue chips is ~0.5]
Net Income Margin: 12.7 [Comparable]
Balance Sheet
Current Ratio: 3.2
Debt To Equity: 0.21
NAV: $0.4462 (Up from $0.4187)
Additional Info
Biannual distributions in May/Aug. Management committed to paying out 50% earnings as dividends
Personal Opinion: HOLD
A growth stock showing signs of recovery. However, I am kind of cautious that its "recovery" is due to one time asset disposal instead of increase in operating income. This is something I need to take note of in the next result.
Overall, I think it's still a solid company with good profitability ratios and good balance sheet. I brought it at too high a price, so it's gonna be a while before it recovers.
Earnings
Approx. EPS: $0.0617 (Down from $0.0896)
Approx. DPS: $0.031
Payout Ratio: ~50
Ratios
P/E: 19.4
Yield: 2.6%
Profitability
ROE: 14.2% [Avg for SG blue chips is 11.8%]
Asset Turnover: 0.877 [Avg for SG blue chips is ~0.5]
Net Income Margin: 12.7 [Comparable]
Balance Sheet
Current Ratio: 3.2
Debt To Equity: 0.21
NAV: $0.4462 (Up from $0.4187)
Additional Info
Biannual distributions in May/Aug. Management committed to paying out 50% earnings as dividends
Personal Opinion: HOLD
A growth stock showing signs of recovery. However, I am kind of cautious that its "recovery" is due to one time asset disposal instead of increase in operating income. This is something I need to take note of in the next result.
Overall, I think it's still a solid company with good profitability ratios and good balance sheet. I brought it at too high a price, so it's gonna be a while before it recovers.
Wednesday, February 18, 2015
Stock Analysis 4: Sembcorp Industries 2014 Full Year
Market Price (2015-1-26) = $4.25
Earnings
Approx. $0.443 (Up from $0.431)
Approx. DPS: $0.16 (Down from $0.17)
Payout Ratio: 36%
Ratios
P/E: 9.59 (5 year historical average 10.3, previously at 9.86)
Yield: 3.6% (Previously 4%)
Profitability
ROE: 15.2% [Avg for SG blue chips is 11.8%, previously 16.13%]
Asset Turnover: 0.704 [Avg for SG blue chips is ~0.5, previously 0.748]
Net Income Margin: 7.353 [Comparable]
Balance Sheet
Current Ratio: 1.14
Debt To Equity: 0.65
NAV: $3.15 (Up from $2.93 in previous year)
Additional Info
Biannual distributions in Apr/Aug. Profit contribution roughly 50% utilities, 50% marine.
Personal Opinion:
They cut dividend by 1 cent from the previous year, probably to retain more $ for tougher times ahead. I draw pretty much the same conclusion as previously - Utilities will remaining challenging, but will grow steadily with the strong pipeline of projects. Marine will be supported by its orderbook in the next few years.
Looking to accumulate if it hit lower 4s.
Earnings
Approx. $0.443 (Up from $0.431)
Approx. DPS: $0.16 (Down from $0.17)
Payout Ratio: 36%
Ratios
P/E: 9.59 (5 year historical average 10.3, previously at 9.86)
Yield: 3.6% (Previously 4%)
Profitability
ROE: 15.2% [Avg for SG blue chips is 11.8%, previously 16.13%]
Asset Turnover: 0.704 [Avg for SG blue chips is ~0.5, previously 0.748]
Net Income Margin: 7.353 [Comparable]
Balance Sheet
Current Ratio: 1.14
Debt To Equity: 0.65
NAV: $3.15 (Up from $2.93 in previous year)
Additional Info
Biannual distributions in Apr/Aug. Profit contribution roughly 50% utilities, 50% marine.
Personal Opinion:
They cut dividend by 1 cent from the previous year, probably to retain more $ for tougher times ahead. I draw pretty much the same conclusion as previously - Utilities will remaining challenging, but will grow steadily with the strong pipeline of projects. Marine will be supported by its orderbook in the next few years.
Looking to accumulate if it hit lower 4s.
Saturday, February 07, 2015
First Major Hoot of 2015 - New Mattress
As mentioned, I have been wanting to get a new mattress for some time.
My current one is likely ~20 years old, and I've been using it without a bed frame for a few years now. Recently, its effects seems to be getting more prominent.
For the past month or so, I have constantly woke up in the middle of the night, or in some weird hours like 630am. They are sometimes accompied by backache too. I guess I must be getting old.
Anyway, it finally made me grit my teeth and hoot a really good mattress. I think the health benefits will far outweigh the cost in the long run.
This is the 20 years-old mattress... the springs have came loose I think.
And some pictures of my new mattress!!!
With some specs according to advertisement:
- Individual Pocketed Spring (Support contour of entire body while maintaining spine in natural alignment)
- Triple Coil on Coil (3 level of active support)
- Anti Sag Perimeter (Increase sleeping surface with edge to edge support)
- Spinal Zone (Enhance lumbar and upper thigh support, alleviate back pain and stiffness)
- 3 inches of natural latex!
My current one is likely ~20 years old, and I've been using it without a bed frame for a few years now. Recently, its effects seems to be getting more prominent.
For the past month or so, I have constantly woke up in the middle of the night, or in some weird hours like 630am. They are sometimes accompied by backache too. I guess I must be getting old.
Anyway, it finally made me grit my teeth and hoot a really good mattress. I think the health benefits will far outweigh the cost in the long run.
This is the 20 years-old mattress... the springs have came loose I think.
And some pictures of my new mattress!!!
With some specs according to advertisement:
- Individual Pocketed Spring (Support contour of entire body while maintaining spine in natural alignment)
- Triple Coil on Coil (3 level of active support)
- Anti Sag Perimeter (Increase sleeping surface with edge to edge support)
- Spinal Zone (Enhance lumbar and upper thigh support, alleviate back pain and stiffness)
- 3 inches of natural latex!
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