SINGAPORE EXCHANGE LIMITED Financials Singapore Exchange Limited
Equities
S68
SG1J26887955
Financial & Commodity Market Operators
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.31 SGD | 0.00% |
|
+2.76% | -5.29% |
| 04-18 | Singapore Exchange Repurchases Shares | MT |
| 04-16 | Singapore Exchange Brings in CSSD Capital Markets as Issue Manager and Catalist Sponsor | MT |
Valuation
| Fiscal Period: Giugno | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,473 | 8,915 | 11,950 | 10,103 | 10,263 | 9,957 | - | - |
| Enterprise Value (EV) 1 | 7,806 | 8,008 | 10,890 | 9,800 | 9,230 | 9,002 | 8,856 | 8,653 |
| P/E ratio | 21.8 x | 18.9 x | 26.9 x | 22.4 x | 18 x | 18.5 x | 18.5 x | 17.8 x |
| Yield | 3.79% | 3.66% | 2.86% | 3.38% | 3.38% | 3.68% | 3.85% | 4.06% |
| Capitalization / Revenue | 9.31 x | 8.47 x | 11.3 x | 9.19 x | 8.59 x | 8.12 x | 7.81 x | 7.46 x |
| EV / Revenue | 8.58 x | 7.61 x | 10.3 x | 8.92 x | 7.73 x | 7.34 x | 6.95 x | 6.48 x |
| EV / EBITDA | 14.9 x | 12.2 x | 17.4 x | 15.5 x | 13.4 x | 12.9 x | 12.3 x | 11.5 x |
| EV / FCF | 21.1 x | 13.6 x | 21.5 x | 18.2 x | 23.5 x | 15.6 x | 15.7 x | 15.4 x |
| FCF Yield | 4.74% | 7.36% | 4.66% | 5.5% | 4.25% | 6.42% | 6.37% | 6.48% |
| Price to Book | 7.76 x | 7.19 x | 8.6 x | 6.52 x | 6.04 x | 5.53 x | 5.15 x | 4.76 x |
| Nbr of stocks (in thousands) | 1,069,803 | 1,068,979 | 1,068,890 | 1,067,985 | 1,067,988 | 1,069,481 | - | - |
| Reference price 2 | 7.920 | 8.340 | 11.18 | 9.460 | 9.610 | 9.310 | 9.310 | 9.310 |
| Announcement Date | 19-07-31 | 20-07-30 | 21-08-04 | 22-08-17 | 23-08-16 | - | - | - |
1SGD in Million2SGD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Giugno | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 909.8 | 1,053 | 1,056 | 1,099 | 1,194 | 1,226 | 1,275 | 1,336 |
| EBITDA 1 | 523.5 | 655.7 | 625.2 | 634.1 | 687.9 | 700.3 | 721.1 | 752 |
| EBIT 1 | 461 | 565.8 | 530.7 | 537.4 | 589.5 | 604.1 | 623.2 | 656.1 |
| Operating Margin | 50.67% | 53.75% | 50.26% | 48.9% | 49.36% | 49.29% | 48.87% | 49.12% |
| Earnings before Tax (EBT) 1 | 474.5 | 570.9 | 536.5 | 544.6 | 673.8 | 655.9 | 652 | 675.1 |
| Net income 1 | 391.1 | 472 | 445.4 | 451.4 | 570.9 | 543 | 541.1 | 563 |
| Net margin | 42.99% | 44.84% | 42.18% | 41.07% | 47.8% | 44.3% | 42.43% | 42.16% |
| EPS 2 | 0.3640 | 0.4410 | 0.4160 | 0.4220 | 0.5340 | 0.5022 | 0.5031 | 0.5222 |
| Free Cash Flow 1 | 370.1 | 589.5 | 507.7 | 539.4 | 392.4 | 578.2 | 564.4 | 560.9 |
| FCF margin | 40.68% | 56% | 48.07% | 49.08% | 32.85% | 47.18% | 44.26% | 42% |
| FCF Conversion (EBITDA) | 70.7% | 89.91% | 81.2% | 85.06% | 57.05% | 82.56% | 78.27% | 74.59% |
| FCF Conversion (Net income) | 94.64% | 124.9% | 113.98% | 119.49% | 68.73% | 106.48% | 104.31% | 99.63% |
| Dividend per Share 2 | 0.3000 | 0.3050 | 0.3200 | 0.3200 | 0.3250 | 0.3425 | 0.3582 | 0.3780 |
| Announcement Date | 19-07-31 | 20-07-30 | 21-08-04 | 22-08-17 | 23-08-16 | - | - | - |
1SGD in Million2SGD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 520.8 | 535.2 | 521.6 | 577.4 | 571.4 | 623 | 592.2 | 630.7 |
| EBITDA | - | - | - | - | - | 353.8 | - | - |
| EBIT 1 | 272.6 | 258.1 | 259.5 | 277.9 | 284.1 | 305.5 | 296.1 | 302.2 |
| Operating Margin | 52.34% | 48.22% | 49.75% | 48.13% | 49.72% | 49.04% | 50% | 47.92% |
| Earnings before Tax (EBT) | 287.6 | - | - | - | - | - | - | - |
| Net income | 240 | - | - | - | 284.6 | 286.3 | 281.6 | - |
| Net margin | 46.08% | - | - | - | 49.8% | 45.96% | 47.55% | - |
| EPS 2 | 0.2240 | 0.1920 | 0.2040 | 0.2180 | 0.2580 | 0.2680 | 0.2550 | 0.2500 |
| Dividend per Share 2 | 0.1600 | - | - | - | - | - | 0.1700 | 0.1800 |
| Announcement Date | 21-01-22 | 21-08-04 | 22-02-04 | 22-08-17 | 23-02-08 | 23-08-16 | 24-01-31 | - |
1SGD in Million2SGD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 667 | 907 | 1,060 | 303 | 1,033 | 955 | 1,101 | 1,303 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 370 | 590 | 508 | 539 | 392 | 578 | 564 | 561 |
| ROE (net income / shareholders' equity) | 35.8% | 40% | 34% | 31.2% | 35.2% | 30.1% | 28.1% | 27.1% |
| ROA (Net income/ Total Assets) | 18.4% | 19.6% | 15.7% | 13.3% | 15% | 13.6% | 13.4% | 13.1% |
| Assets 1 | 2,124 | 2,406 | 2,841 | 3,398 | 3,815 | 3,983 | 4,030 | 4,302 |
| Book Value Per Share 2 | 1.020 | 1.160 | 1.300 | 1.450 | 1.590 | 1.680 | 1.810 | 1.950 |
| Cash Flow per Share | 0.3900 | 0.5800 | 0.5100 | 0.5300 | - | - | - | - |
| Capex 1 | 47.3 | 34.6 | 45.3 | 44.2 | 54.3 | 75.3 | 76.1 | 77.4 |
| Capex / Sales | 5.2% | 3.29% | 4.29% | 4.02% | 4.55% | 6.14% | 5.97% | 5.8% |
| Announcement Date | 19-07-31 | 20-07-30 | 21-08-04 | 22-08-17 | 23-08-16 | - | - | - |
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
HOLD
Number of Analysts
12
Last Close Price
9.31
SGD
Average target price
9.99
SGD
Spread / Average Target
+7.30%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.29% | 7.31B | |
| +2.55% | 75.52B | |
| -3.67% | 59.47B | |
| -6.64% | 40.42B | |
| +3.41% | 34.86B | |
| -22.89% | 12.29B | |
| +7.31% | 9.34B | |
| -31.09% | 7.59B | |
| +13.51% | 7.36B | |
| -1.37% | 5.63B |
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