Financials Singapore Technologies Engineering Ltd

Equities

S63

SG1F60858221

Aerospace & Defense

Market Closed - Singapore S.E. 05:04:35 2024-04-26 EDT 5-day change 1st Jan Change
4.04 SGD 0.00% Intraday chart for Singapore Technologies Engineering Ltd +2.28% +3.86%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,276 11,901 11,707 10,428 12,116 12,604 - -
Enterprise Value (EV) 1 14,160 13,218 13,007 16,361 12,116 17,933 17,705 17,287
P/E ratio 21.4 x 23 x 20.5 x 19.6 x 20.8 x 18.5 x 16.2 x 14.6 x
Yield 3.81% 3.93% 3.99% 4.78% - 3.98% 4.15% 4.1%
Capitalization / Revenue 1.56 x 1.66 x 1.52 x 1.15 x 1.2 x 1.18 x 1.1 x 1.02 x
EV / Revenue 1.8 x 1.85 x 1.69 x 1.81 x 1.2 x 1.67 x 1.54 x 1.41 x
EV / EBITDA 13.9 x 14.1 x 12.9 x 14.5 x 8.32 x 11.8 x 10.7 x 10.2 x
EV / FCF 47.2 x 9.92 x 16.2 x -182 x - 19.3 x 17.8 x 16.3 x
FCF Yield 2.12% 10.1% 6.17% -0.55% - 5.18% 5.62% 6.14%
Price to Book 5.52 x 5.19 x 4.85 x 4.35 x - 4.76 x 4.29 x 3.82 x
Nbr of stocks (in thousands) 3,115,741 3,115,531 3,113,669 3,112,883 3,114,549 3,119,871 - -
Reference price 2 3.940 3.820 3.760 3.350 3.890 4.040 4.040 4.040
Announcement Date 20-02-23 21-02-18 22-02-24 23-02-23 24-02-28 - - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,868 7,158 7,693 9,035 10,101 10,718 11,478 12,298
EBITDA 1 1,022 939.5 1,009 1,125 1,456 1,515 1,647 1,699
EBIT 1 654 560.9 610.5 607.9 914.7 980.6 1,050 1,114
Operating Margin 8.31% 7.84% 7.94% 6.73% 9.06% 9.15% 9.15% 9.06%
Earnings before Tax (EBT) 1 695.2 534.4 637.6 597.5 704.2 825.6 932.7 1,031
Net income 1 577.9 521.8 570.5 535 586.5 677.3 772.3 853.8
Net margin 7.35% 7.29% 7.42% 5.92% 5.81% 6.32% 6.73% 6.94%
EPS 2 0.1842 0.1664 0.1830 0.1706 0.1869 0.2182 0.2489 0.2758
Free Cash Flow 1 299.8 1,333 802.2 -89.83 - 929.1 994.5 1,062
FCF margin 3.81% 18.62% 10.43% -0.99% - 8.67% 8.66% 8.63%
FCF Conversion (EBITDA) 29.33% 141.83% 79.54% - - 61.32% 60.37% 62.49%
FCF Conversion (Net income) 51.88% 255.35% 140.61% - - 137.17% 128.78% 124.37%
Dividend per Share 2 0.1500 0.1500 0.1500 0.1600 - 0.1609 0.1678 0.1657
Announcement Date 20-02-23 21-02-18 22-02-24 23-02-23 24-02-28 - - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2022 Q2 2022 S1 2022 S2 2023 S1 2023 S2
Net sales - - 4,270 4,765 - 5,238
EBITDA - - - - - -
EBIT - - 360.3 269.9 - 470.5
Operating Margin - - 8.44% 5.66% - 8.98%
Earnings before Tax (EBT) - - - 246.4 - -
Net income 257.4 - 280 255 280.6 305.8
Net margin - - 6.56% 5.35% - 5.84%
EPS - - - - 0.0895 -
Dividend per Share 1 - 0.0400 - - - -
Announcement Date 20-08-13 22-08-11 22-08-11 23-02-23 23-08-10 24-02-28
1SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,884 1,316 1,299 5,933 - 5,329 5,101 4,683
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.843 x 1.401 x 1.288 x 5.275 x - 3.517 x 3.096 x 2.756 x
Free Cash Flow 1 300 1,333 802 -89.8 - 929 995 1,062
ROE (net income / shareholders' equity) 26% 22.8% 23.6% 22.3% - 25.6% 27.6% 27.2%
ROA (Net income/ Total Assets) 6.76% 5.47% 5.57% 4.2% - 4.9% 5.41% 5.65%
Assets 1 8,549 9,542 10,240 12,740 - 13,820 14,269 15,111
Book Value Per Share 2 0.7100 0.7400 0.7700 0.7700 - 0.8500 0.9400 1.060
Cash Flow per Share 2 0.1900 0.4900 0.3600 0.2100 - 0.4500 0.4700 0.5100
Capex 1 290 200 312 763 - 559 543 549
Capex / Sales 3.69% 2.8% 4.06% 8.44% - 5.21% 4.73% 4.47%
Announcement Date 20-02-23 21-02-18 22-02-24 23-02-23 24-02-28 - - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
4.04 SGD
Average target price
4.408 SGD
Spread / Average Target
+9.10%
Consensus

Quarterly revenue - Rate of surprise

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