SEMBCORP INDUSTRIES LTD |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.99 SGD | -0.40% |
|
+0.20% | -6.03% |
| 06-19 | Singapore Shares Remain Flat Despite Gains in Global Markets; GS Holdings Zooms 24% | MT |
| 06-19 | Sembcorp Industries’ Subsidiary Completes Acquisition of Renewable Portfolio in Vietnam | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,089 | 3,046 | 3,560 | 6,006 | 9,448 | 8,931 | - | - |
| Enterprise Value (EV) 1 | 13,398 | 9,809 | 9,513 | 11,822 | 15,935 | 15,434 | 15,462 | 16,110 |
| P/E ratio | 19.5 x | -3.01 x | 13 x | 7.26 x | 10.2 x | 10 x | 9.48 x | 8.7 x |
| Yield | 2.18% | 2.34% | 2.5% | 2.37% | 2.26% | 2.64% | 2.76% | 3.17% |
| Capitalization / Revenue | 0.43 x | 0.56 x | 0.46 x | 0.64 x | 1.34 x | 1.31 x | 1.28 x | 1.23 x |
| EV / Revenue | 1.39 x | 1.8 x | 1.22 x | 1.26 x | 2.26 x | 2.27 x | 2.21 x | 2.22 x |
| EV / EBITDA | 9.54 x | 9.6 x | 8.44 x | 9.94 x | 8.91 x | 8.93 x | 8.44 x | 8.38 x |
| EV / FCF | 258 x | 56.7 x | 10.2 x | 11.3 x | 24.3 x | 9.62 x | 28.3 x | 53.8 x |
| FCF Yield | 0.39% | 1.76% | 9.85% | 8.83% | 4.11% | 10.4% | 3.54% | 1.86% |
| Price to Book | 0.6 x | 0.91 x | 0.95 x | 1.52 x | 2.06 x | 1.67 x | 1.47 x | 1.3 x |
| Nbr of stocks (in thousands) | 1,785,581 | 1,781,309 | 1,780,032 | 1,776,784 | 1,779,258 | 1,782,712 | - | - |
| Reference price 2 | 2.290 | 1.710 | 2.000 | 3.380 | 5.310 | 5.010 | 5.010 | 5.010 |
| Announcement Date | 20-02-20 | 21-02-22 | 22-02-22 | 23-02-20 | 24-02-19 | - | - | - |
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 | 6,807 | 7,001 | 7,264 |
| EBITDA 1 | 1,404 | 1,022 | 1,127 | 1,189 | 1,789 | 1,729 | 1,831 | 1,922 |
| EBIT 1 | 722 | 443 | 670 | 728 | 1,335 | 1,220 | 1,305 | 1,390 |
| Operating Margin | 7.51% | 8.13% | 8.6% | 7.75% | 18.96% | 17.93% | 18.63% | 19.14% |
| Earnings before Tax (EBT) 1 | 295 | 211 | 423 | 865 | 1,230 | 1,112 | 1,165 | 1,302 |
| Net income 1 | 247 | -997 | 279 | 848 | 942 | 889.9 | 941.3 | 1,033 |
| Net margin | 2.57% | -18.3% | 3.58% | 9.03% | 13.38% | 13.07% | 13.45% | 14.22% |
| EPS 2 | 0.1174 | -0.5681 | 0.1544 | 0.4657 | 0.5199 | 0.4991 | 0.5283 | 0.5758 |
| Free Cash Flow 1 | 52 | 173 | 937 | 1,044 | 655 | 1,604 | 546.8 | 299.5 |
| FCF margin | 0.54% | 3.18% | 12.02% | 11.11% | 9.3% | 23.56% | 7.81% | 4.12% |
| FCF Conversion (EBITDA) | 3.7% | 16.93% | 83.14% | 87.8% | 36.61% | 92.77% | 29.86% | 15.58% |
| FCF Conversion (Net income) | 21.05% | - | 335.84% | 123.11% | 69.53% | 180.2% | 58.09% | 28.99% |
| Dividend per Share 2 | 0.0500 | 0.0400 | 0.0500 | 0.0800 | 0.1200 | 0.1322 | 0.1382 | 0.1589 |
| Announcement Date | 20-02-20 | 21-02-22 | 22-02-22 | 23-02-20 | 24-02-19 | - | - | - |
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 | 21-08-05 | 22-02-22 | 23-02-20 |
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 | 6,487 | 6,502 | 6,530 | 7,179 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.63 x | 6.617 x | 5.282 x | 4.892 x | 3.626 x | 3.762 x | 3.566 x | 3.734 x |
| Free Cash Flow 1 | 52 | 173 | 937 | 1,044 | 655 | 1,604 | 547 | 300 |
| ROE (net income / shareholders' equity) | 3.5% | 8.08% | 7.85% | 21.9% | 22% | 18.1% | 17% | 15.9% |
| ROA (Net income/ Total Assets) | 1.06% | -5.42% | 2% | 5.58% | 5.98% | 5.71% | 5.81% | 5.74% |
| Assets 1 | 23,287 | 18,408 | 13,979 | 15,208 | 15,759 | 15,579 | 16,204 | 17,995 |
| Book Value Per Share 2 | 3.850 | 1.870 | 2.120 | 2.230 | 2.580 | 3.000 | 3.410 | 3.860 |
| Cash Flow per Share 2 | 0.5400 | 0.2700 | 0.6700 | 0.9100 | 0.8200 | 0.6300 | 0.7600 | 0.8400 |
| Capex 1 | 925 | 318 | 282 | 608 | 826 | 584 | 627 | 446 |
| Capex / Sales | 9.62% | 5.84% | 3.62% | 6.47% | 11.73% | 8.58% | 8.96% | 6.13% |
| Announcement Date | 20-02-20 | 21-02-22 | 22-02-22 | 23-02-20 | 24-02-19 | - | - | - |
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
5.01
SGD
Average target price
6.753
SGD
Spread / Average Target
+34.80%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -6.03% | 6.62B | |
| -17.71% | 88.16B | |
| +34.20% | 69.47B | |
| -16.11% | 54.52B | |
| -.--% | 51.55B | |
| +1.85% | 47.74B | |
| +19.56% | 36.64B | |
| -14.28% | 35.44B | |
| +2.84% | 35.19B | |
| -19.33% | 26.8B |
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