SIA ENGINEERING COMPANY LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.25 SGD | 0.00% |
|
+2.27% | -5.06% |
| Apr. 10 | SIA Engineering Buys Back Shares | MT |
| Apr. 09 | SIA Engineering Repurchases More Shares | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,753 | 1,916 | 2,433 | 2,862 | 2,524 | 2,525 | - | - |
| Enterprise Value (EV) 1 | 2,251 | 1,409 | 1,902 | 2,307 | 2,524 | 3,103 | 3,153 | 3,169 |
| P/E ratio | 17.1 x | 9.91 x | -217 x | 42.5 x | 38.2 x | 21.9 x | 16.7 x | 15.1 x |
| Yield | 4.47% | 4.68% | - | - | - | 3.41% | 4.26% | 4.75% |
| Capitalization / Revenue | 2.7 x | 1.93 x | 5.49 x | 5.06 x | 3.17 x | 2.32 x | 2.04 x | 1.89 x |
| EV / Revenue | 2.2 x | 1.42 x | 4.29 x | 4.07 x | 3.17 x | 2.86 x | 2.54 x | 2.37 x |
| EV / EBITDA | 20.4 x | 9.8 x | 41.2 x | 55.6 x | 67 x | 45.2 x | 27.9 x | 26 x |
| EV / FCF | 44.7 x | 26 x | 12.6 x | 214 x | - | 23.1 x | 25.3 x | 22.7 x |
| FCF Yield | 2.24% | 3.85% | 7.92% | 0.47% | - | 4.33% | 3.95% | 4.41% |
| Price to Book | 1.8 x | 1.18 x | 1.59 x | 1.78 x | - | 1.48 x | 1.42 x | 1.37 x |
| Nbr of stocks (in thousands) | 1,119,110 | 1,120,314 | 1,121,403 | 1,122,512 | 1,121,990 | 1,122,077 | - | - |
| Reference price 2 | 2.460 | 1.710 | 2.170 | 2.550 | 2.250 | 2.250 | 2.250 | 2.250 |
| Announcement Date | 5/10/19 | 5/8/20 | 5/4/21 | 5/5/22 | 5/8/23 | - | - | - |
1SGD in Million2SGD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,021 | 994.1 | 443 | 566.1 | 796 | 1,086 | 1,239 | 1,337 |
| EBITDA 1 | 110.3 | 143.8 | 46.2 | 41.46 | 37.7 | 68.68 | 113.1 | 121.8 |
| EBIT 1 | 56.8 | 67.7 | -25 | -21.87 | -26.25 | 0.0667 | 46.08 | 61.28 |
| Operating Margin | 5.56% | 6.81% | -5.64% | -3.86% | -3.3% | 0.01% | 3.72% | 4.58% |
| Earnings before Tax (EBT) 1 | 179.1 | 204.5 | -35.6 | 49.16 | 65.55 | 124.6 | 170.9 | 189.5 |
| Net income 1 | 160.9 | 193.8 | -11.2 | 67.61 | 66.39 | 117 | 151.8 | 168.4 |
| Net margin | 15.76% | 19.5% | -2.53% | 11.94% | 8.34% | 10.77% | 12.25% | 12.6% |
| EPS 2 | 0.1435 | 0.1726 | -0.0100 | 0.0600 | 0.0589 | 0.1027 | 0.1350 | 0.1492 |
| Free Cash Flow 1 | 50.4 | 54.3 | 150.6 | 10.77 | - | 134.5 | 124.4 | 139.6 |
| FCF margin | 4.94% | 5.46% | 34% | 1.9% | - | 12.38% | 10.04% | 10.44% |
| FCF Conversion (EBITDA) | 45.69% | 37.76% | 325.97% | 25.98% | - | 195.83% | 110% | 114.66% |
| FCF Conversion (Net income) | 31.32% | 28.02% | - | 15.93% | - | 115% | 81.96% | 82.9% |
| Dividend per Share 2 | 0.1100 | 0.0800 | - | - | - | 0.0767 | 0.0958 | 0.1069 |
| Announcement Date | 5/10/19 | 5/8/20 | 5/4/21 | 5/5/22 | 5/8/23 | - | - | - |
1SGD in Million2SGD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q3 |
|---|---|---|---|---|---|
| Net sales 1 | - | 190.7 | - | - | 291.7 |
| EBITDA | - | - | - | - | - |
| EBIT 1 | - | -6.8 | - | -2.951 | -3.4 |
| Operating Margin | - | -3.57% | - | - | -1.17% |
| Earnings before Tax (EBT) | - | - | - | - | - |
| Net income 1 | 12.8 | - | 12.8 | 21.09 | 26.9 |
| Net margin | - | - | - | - | 9.22% |
| EPS | 0.0113 | - | 0.0114 | - | - |
| Dividend per Share | - | - | - | - | - |
| Announcement Date | 7/25/22 | 11/1/22 | 2/17/23 | 5/8/23 | 2/15/24 |
1SGD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 578 | 628 | 644 |
| Net Cash position 1 | 502 | 507 | 532 | 556 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 8.416 x | 5.554 x | 5.288 x |
| Free Cash Flow 1 | 50.4 | 54.3 | 151 | 10.8 | - | 134 | 124 | 140 |
| ROE (net income / shareholders' equity) | 10.7% | 12.3% | -0.7% | 4.3% | - | 6.9% | 8.69% | 9.36% |
| ROA (Net income/ Total Assets) | 8.82% | 10.1% | -0.59% | 3.71% | - | 5.54% | 6.95% | 7.46% |
| Assets 1 | 1,825 | 1,925 | 1,908 | 1,824 | - | 2,113 | 2,185 | 2,258 |
| Book Value Per Share 2 | 1.370 | 1.450 | 1.370 | 1.440 | - | 1.520 | 1.590 | 1.640 |
| Cash Flow per Share 2 | 0.0700 | 0.0800 | 0.0500 | 0.0400 | - | 0.0700 | 0.1000 | 0.1000 |
| Capex 1 | 25 | 36.8 | 15.2 | 18.4 | - | 30 | 30 | 30 |
| Capex / Sales | 2.45% | 3.7% | 3.43% | 3.26% | - | 2.76% | 2.42% | 2.24% |
| Announcement Date | 5/10/19 | 5/8/20 | 5/4/21 | 5/5/22 | 5/8/23 | - | - | - |
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
4
Last Close Price
2.25
SGD
Average target price
2.705
SGD
Spread / Average Target
+20.22%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -5.06% | 1.85B | |
| +14.40% | 12.88B | |
| +1.11% | 12.49B | |
| +22.68% | 10.66B | |
| +6.10% | 9.26B | |
| -11.93% | 6.8B | |
| +6.89% | 6.3B | |
| +12.66% | 6.57B | |
| +38.59% | 3.57B | |
| -8.00% | 2.77B |
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