Financials Bukit Sembawang Estates Limited

Equities

B61

SG1T88932077

Real Estate Development & Operations

Market Closed - Singapore S.E. 05:04:54 2024-05-03 am EDT 5-day change 1st Jan Change
3.37 SGD +0.30% Intraday chart for Bukit Sembawang Estates Limited +1.51% -4.53%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 1,582 1,463 989 1,248 1,297 1,062
Enterprise Value (EV) 1 1,436 1,772 1,027 856.9 897.9 792.6
P/E ratio 28.6 x 14.4 x 13 x 6.59 x 15.6 x 30.9 x
Yield 0.65% 0.71% 1.05% 0.83% 0.8% 0.98%
Capitalization / Revenue 16.1 x 4.09 x 2.68 x 2.15 x 4.5 x 5.39 x
EV / Revenue 14.6 x 4.95 x 2.78 x 1.47 x 3.12 x 4.02 x
EV / EBITDA 22.8 x 12.4 x 6.33 x 3.62 x 9.85 x 24.9 x
EV / FCF 17.7 x -3.73 x 3.16 x 2.07 x 10.4 x -7.76 x
FCF Yield 5.65% -26.8% 31.7% 48.4% 9.59% -12.9%
Price to Book 1.27 x 1.12 x 0.75 x 0.84 x 0.88 x 0.72 x
Nbr of stocks (in thousands) 258,911 258,911 258,911 258,911 258,911 258,911
Reference price 2 6.110 5.650 3.820 4.820 5.010 4.100
Announcement Date 7/10/18 7/3/19 7/1/20 7/5/21 7/5/22 7/5/23
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 98.14 357.9 369.7 581 288.2 197.1
EBITDA 1 62.91 142.9 162.3 236.7 91.19 31.85
EBIT 1 62.65 142.5 156.6 230.8 85.23 26.61
Operating Margin 63.84% 39.83% 42.34% 39.73% 29.57% 13.5%
Earnings before Tax (EBT) 1 65.49 128.5 102.3 227.4 95.34 37.48
Net income 1 55.31 101.3 76.08 189.4 82.92 34.4
Net margin 56.36% 28.31% 20.58% 32.61% 28.77% 17.45%
EPS 2 0.2136 0.3912 0.2938 0.7317 0.3203 0.1329
Free Cash Flow 1 81.14 -475.1 325.2 414.5 86.14 -102.2
FCF margin 82.68% -132.77% 87.96% 71.35% 29.89% -51.84%
FCF Conversion (EBITDA) 128.97% - 200.35% 175.09% 94.46% -
FCF Conversion (Net income) 146.7% - 427.45% 218.82% 103.88% -
Dividend per Share 2 0.0400 0.0400 0.0400 0.0400 0.0400 0.0400
Announcement Date 7/10/18 7/3/19 7/1/20 7/5/21 7/5/22 7/5/23
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - 310 37.7 - - -
Net Cash position 1 146 - - 391 399 269
Leverage (Debt/EBITDA) - 2.167 x 0.232 x - - -
Free Cash Flow 1 81.1 -475 325 415 86.1 -102
ROE (net income / shareholders' equity) 4.38% 7.93% 5.79% 13.5% 5.59% 2.33%
ROA (Net income/ Total Assets) 2.86% 5.72% 5.41% 7.61% 2.94% 1.02%
Assets 1 1,936 1,770 1,407 2,488 2,821 3,363
Book Value Per Share 2 4.820 5.040 5.110 5.730 5.720 5.700
Cash Flow per Share 2 0.5600 0.2800 1.160 2.820 2.050 1.140
Capex 1 1.11 26 1.14 0.61 0.27 0.46
Capex / Sales 1.13% 7.26% 0.31% 0.1% 0.09% 0.23%
Announcement Date 7/10/18 7/3/19 7/1/20 7/5/21 7/5/22 7/5/23
1SGD in Million2SGD
Estimates
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