Financials SBS Transit Ltd

Equities

S61

SG1F58858209

Passenger Transportation, Ground & Sea

Market Closed - Singapore S.E. 05:04:55 2024-05-03 EDT 5-day change 1st Jan Change
2.56 SGD -1.92% Intraday chart for SBS Transit Ltd -1.92% -4.12%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 841.5 1,194 951.2 920 804.6 832.9
Enterprise Value (EV) 1 883.8 1,321 962.2 807.6 538.4 480.3
P/E ratio 10.5 x 14.7 x 12 x 17.8 x 11.8 x 12.1 x
Yield 4.78% 3.41% 2.07% 2.78% 4.22% 4.18%
Capitalization / Revenue 0.61 x 0.83 x 0.77 x 0.7 x 0.53 x 0.55 x
EV / Revenue 0.64 x 0.91 x 0.78 x 0.62 x 0.36 x 0.31 x
EV / EBITDA 4.64 x 6.73 x 14 x 8.44 x 3.33 x 3.02 x
EV / FCF 7.67 x 38.4 x 18.6 x 5.68 x 3.31 x 8.74 x
FCF Yield 13% 2.61% 5.38% 17.6% 30.2% 11.4%
Price to Book 1.69 x 2.27 x 1.62 x 1.53 x 1.25 x 1.22 x
Nbr of stocks (in thousands) 311,670 311,865 311,865 311,865 311,865 311,966
Reference price 2 2.700 3.830 3.050 2.950 2.580 2.670
Announcement Date 19-03-26 20-03-23 21-03-24 22-03-29 23-03-28 24-03-27
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,384 1,445 1,231 1,311 1,515 1,527
EBITDA 1 190.4 196.2 68.69 95.72 161.6 159.2
EBIT 1 97.3 103.5 -27.3 1.403 79.91 76.65
Operating Margin 7.03% 7.16% -2.22% 0.11% 5.27% 5.02%
Earnings before Tax (EBT) 1 94.18 99.37 77.01 52.51 82.96 87.97
Net income 1 80.1 81.29 78.96 51.63 68.02 69.08
Net margin 5.79% 5.62% 6.41% 3.94% 4.49% 4.52%
EPS 2 0.2571 0.2607 0.2532 0.1656 0.2181 0.2215
Free Cash Flow 1 115.3 34.44 51.73 142.1 162.6 54.94
FCF margin 8.33% 2.38% 4.2% 10.84% 10.73% 3.6%
FCF Conversion (EBITDA) 60.52% 17.55% 75.32% 148.48% 100.65% 34.5%
FCF Conversion (Net income) 143.89% 42.37% 65.52% 275.26% 239.06% 79.53%
Dividend per Share 2 0.1290 0.1305 0.0630 0.0820 0.1090 0.1116
Announcement Date 19-03-26 20-03-23 21-03-24 22-03-29 23-03-28 24-03-27
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 42.3 127 11 - - -
Net Cash position 1 - - - 112 266 353
Leverage (Debt/EBITDA) 0.2221 x 0.6459 x 0.1597 x - - -
Free Cash Flow 1 115 34.4 51.7 142 163 54.9
ROE (net income / shareholders' equity) 16.9% 15.9% 14.2% 8.69% 10.9% 10.4%
ROA (Net income/ Total Assets) 5.66% 5.88% -1.5% 0.08% 4.22% 4.02%
Assets 1 1,416 1,383 -5,268 67,584 1,611 1,718
Book Value Per Share 2 1.600 1.690 1.880 1.930 2.070 2.190
Cash Flow per Share 2 0.1000 0.1000 0.2700 0.6500 1.110 1.190
Capex 1 27.8 29 18.3 33.1 10.7 15.7
Capex / Sales 2.01% 2% 1.49% 2.52% 0.7% 1.03%
Announcement Date 19-03-26 20-03-23 21-03-24 22-03-29 23-03-28 24-03-27
1SGD in Million2SGD
Estimates
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