Financials Tuan Sing Holdings Limited

Equities

T24

SG2D13002373

Real Estate Development & Operations

Delayed Singapore S.E. 02:11:14 2024-05-08 EDT 5-day change 1st Jan Change
0.245 SGD -2.00% Intraday chart for Tuan Sing Holdings Limited -2.00% -12.50%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 427.7 391.5 374.1 546.7 371.5 346.6
Enterprise Value (EV) 1 1,925 1,931 1,564 1,493 1,396 1,353
P/E ratio 3.18 x 11.8 x 6.33 x 6.5 x 80.4 x 71.1 x
Yield 1.67% 1.82% 1.9% 1.54% 2.3% 2.5%
Capitalization / Revenue 1.27 x 1.26 x 1.9 x 2.23 x 1.65 x 1.14 x
EV / Revenue 5.73 x 6.21 x 7.95 x 6.09 x 6.2 x 4.46 x
EV / EBITDA 40.7 x 40.1 x 58.5 x 93.3 x 46 x 40.9 x
EV / FCF -9.28 x 94.4 x -41.3 x 12 x 70.5 x 16.8 x
FCF Yield -10.8% 1.06% -2.42% 8.36% 1.42% 5.94%
Price to Book 0.39 x 0.35 x 0.32 x 0.44 x 0.3 x 0.28 x
Nbr of stocks (in thousands) 1,188,105 1,186,248 1,187,490 1,201,565 1,218,044 1,237,842
Reference price 2 0.3600 0.3300 0.3150 0.4550 0.3050 0.2800
Announcement Date 19-01-30 20-03-06 21-03-31 22-03-24 23-04-03 24-04-03
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 336.1 310.7 196.8 245.3 225.3 303.7
EBITDA 1 47.29 48.18 26.73 16.01 30.38 33.09
EBIT 1 39.37 40.16 17.53 6.585 23.7 26.83
Operating Margin 11.71% 12.92% 8.91% 2.68% 10.52% 8.84%
Earnings before Tax (EBT) 1 138.8 42.04 59.89 84.12 0.734 2.659
Net income 1 134.4 33.21 59.01 83.66 4.591 4.836
Net margin 39.98% 10.69% 29.98% 34.1% 2.04% 1.59%
EPS 2 0.1130 0.0280 0.0497 0.0700 0.003793 0.003936
Free Cash Flow 1 -207.3 20.46 -37.91 124.9 19.81 80.42
FCF margin -61.69% 6.58% -19.26% 50.9% 8.79% 26.48%
FCF Conversion (EBITDA) - 42.46% - 780.09% 65.19% 243.03%
FCF Conversion (Net income) - 61.6% - 149.25% 431.44% 1,662.97%
Dividend per Share 2 0.006000 0.006000 0.006000 0.007000 0.007000 0.007000
Announcement Date 19-01-30 20-03-06 21-03-31 22-03-24 23-04-03 24-04-03
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,497 1,539 1,190 946 1,025 1,007
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 31.66 x 31.95 x 44.53 x 59.11 x 33.73 x 30.43 x
Free Cash Flow 1 -207 20.5 -37.9 125 19.8 80.4
ROE (net income / shareholders' equity) 12.8% 2.94% 5.11% 6.71% 0.23% 0.44%
ROA (Net income/ Total Assets) 0.89% 0.85% 0.36% 0.14% 0.55% 0.64%
Assets 1 15,182 3,910 16,543 60,059 840.4 760.7
Book Value Per Share 2 0.9200 0.9300 0.9800 1.040 1.000 0.9900
Cash Flow per Share 2 0.1100 0.1500 0.2300 0.3400 0.2100 0.1800
Capex 1 3.43 7.1 5.56 0.94 2.01 6.98
Capex / Sales 1.02% 2.29% 2.82% 0.38% 0.89% 2.3%
Announcement Date 19-01-30 20-03-06 21-03-31 22-03-24 23-04-03 24-04-03
1SGD in Million2SGD
Estimates
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