Financials Bund Center Investment Ltd

Equities

BTE

BMG1792W1367

Real Estate Development & Operations

Market Closed - Singapore S.E. 03:36:38 2024-04-26 EDT 5-day change 1st Jan Change
0.395 SGD +6.76% Intraday chart for Bund Center Investment Ltd +6.76% -5.95%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 436.3 436.3 394.6 414.5 364.2 318.7
Enterprise Value (EV) 1 293.7 275.5 234.7 240 213.6 167.8
P/E ratio 16.5 x 15.8 x 41.2 x 35.9 x 141 x 28.7 x
Yield 3.83% 1.74% 3.85% 5.5% 7.29% 6.67%
Capitalization / Revenue 3.67 x 3.95 x 5.73 x 4.98 x 5.39 x 3.8 x
EV / Revenue 2.47 x 2.5 x 3.41 x 2.88 x 3.16 x 2 x
EV / EBITDA 4.71 x 4.75 x 8.42 x 6.25 x 6.66 x 4.6 x
EV / FCF 6.7 x 7.75 x 9.78 x 7.82 x 11.5 x 4.66 x
FCF Yield 14.9% 12.9% 10.2% 12.8% 8.72% 21.5%
Price to Book 1 x 1 x 0.9 x 0.92 x 0.94 x 0.88 x
Nbr of stocks (in thousands) 758,769 758,769 758,769 760,490 758,769 758,769
Reference price 2 0.5750 0.5750 0.5200 0.5450 0.4800 0.4200
Announcement Date 19-04-02 20-04-06 21-04-04 22-04-04 23-04-02 24-04-01
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 118.9 110.3 68.8 83.23 67.61 83.89
EBITDA 1 62.37 58.02 27.89 38.43 32.08 36.45
EBIT 1 40.84 37.58 7.131 16.51 10.29 15.96
Operating Margin 34.35% 34.05% 10.36% 19.84% 15.22% 19.02%
Earnings before Tax (EBT) 1 42.02 43.28 16.02 20.66 13.3 21
Net income 1 26.52 27.57 9.586 11.53 2.575 11.1
Net margin 22.31% 24.98% 13.93% 13.85% 3.81% 13.23%
EPS 2 0.0349 0.0363 0.0126 0.0152 0.003393 0.0146
Free Cash Flow 1 43.84 35.56 24 30.7 18.62 36.04
FCF margin 36.88% 32.23% 34.89% 36.89% 27.54% 42.96%
FCF Conversion (EBITDA) 70.29% 61.29% 86.07% 79.9% 58.04% 98.87%
FCF Conversion (Net income) 165.33% 129% 250.42% 266.36% 723.11% 324.78%
Dividend per Share 2 0.0220 0.0100 0.0200 0.0300 0.0350 0.0280
Announcement Date 19-04-02 20-04-06 21-04-04 22-04-04 23-04-02 24-04-01
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 143 161 160 174 151 151
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 43.8 35.6 24 30.7 18.6 36
ROE (net income / shareholders' equity) 6.18% 6.31% 2.13% 2.57% 0.66% 2.96%
ROA (Net income/ Total Assets) 5.18% 4.74% 0.91% 2.08% 1.37% 2.36%
Assets 1 511.5 581.3 1,054 553 187.6 470.1
Book Value Per Share 2 0.5700 0.5700 0.5700 0.5900 0.5100 0.4800
Cash Flow per Share 2 0.1900 0.2100 0.2100 0.2300 0.2000 0.2000
Capex 1 1.01 1.3 - - - -
Capex / Sales 0.85% 1.18% - - - -
Announcement Date 19-04-02 20-04-06 21-04-04 22-04-04 23-04-02 24-04-01
1SGD in Million2SGD
Estimates
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