Financials Second Chance Properties Ltd

Equities

528

SG1D93474618

Apparel & Accessories Retailers

Market Closed - Singapore S.E. 03:39:43 2024-04-26 am EDT 5-day change 1st Jan Change
0.23 SGD 0.00% Intraday chart for Second Chance Properties Ltd -2.13% -8.00%

Valuation

Fiscal Period: August 2018 2019 2020 2021 2022 2023
Capitalization 1 181.2 158.6 134.4 210.5 217.7 213.4
Enterprise Value (EV) 1 209.2 168.2 156.4 325.5 329.6 304.7
P/E ratio 22.9 x 33.4 x 30.2 x 21.5 x 14.2 x 10.8 x
Yield 1.25% 1.9% 2.53% 1.79% 4.26% 2.39%
Capitalization / Revenue 5.73 x 5.15 x 5.61 x 5.75 x 5.05 x 5.09 x
EV / Revenue 6.62 x 5.47 x 6.53 x 8.9 x 7.64 x 7.27 x
EV / EBITDA 22.1 x 16.7 x 19.3 x 26.6 x 18.9 x 15.9 x
EV / FCF 14.2 x 12.8 x 19.8 x 23.1 x -9.83 x 8.02 x
FCF Yield 7.03% 7.84% 5.05% 4.32% -10.2% 12.5%
Price to Book 0.69 x 0.6 x 0.54 x 0.74 x 0.77 x 0.75 x
Nbr of stocks (in thousands) 755,032 755,032 755,271 751,907 926,432 927,796
Reference price 2 0.2400 0.2100 0.1780 0.2800 0.2350 0.2300
Announcement Date 12/10/18 12/9/19 12/7/20 12/6/21 12/8/22 12/1/23
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: August 2018 2019 2020 2021 2022 2023
Net sales 1 31.61 30.76 23.95 36.58 43.11 41.91
EBITDA 1 9.448 10.09 8.11 12.23 17.45 19.2
EBIT 1 9.28 9.941 7.967 12.1 17.33 19.07
Operating Margin 29.35% 32.31% 33.26% 33.07% 40.18% 45.51%
Earnings before Tax (EBT) 1 8.818 5.456 3.727 10.74 14.92 20.25
Net income 1 7.909 4.745 4.445 9.824 14.2 19.66
Net margin 25.02% 15.42% 18.56% 26.85% 32.92% 46.9%
EPS 2 0.0105 0.006284 0.005886 0.0130 0.0166 0.0212
Free Cash Flow 1 14.71 13.18 7.904 14.08 -33.54 37.97
FCF margin 46.52% 42.84% 33% 38.47% -77.78% 90.61%
FCF Conversion (EBITDA) 155.65% 130.64% 97.46% 115.09% - 197.72%
FCF Conversion (Net income) 185.96% 277.74% 177.81% 143.28% - 193.18%
Dividend per Share 2 0.003000 0.004000 0.004500 0.005000 0.0100 0.005500
Announcement Date 12/10/18 12/9/19 12/7/20 12/6/21 12/8/22 12/1/23
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: August 2018 2019 2020 2021 2022 2023
Net Debt 1 28 9.61 22 115 112 91.3
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.962 x 0.9531 x 2.711 x 9.401 x 6.411 x 4.752 x
Free Cash Flow 1 14.7 13.2 7.9 14.1 -33.5 38
ROE (net income / shareholders' equity) 3.03% 1.81% 1.74% 3.69% 5.01% 6.94%
ROA (Net income/ Total Assets) 1.88% 2.09% 1.74% 2.21% 2.69% 3.05%
Assets 1 421.5 226.7 255.2 445.2 527.3 643.6
Book Value Per Share 2 0.3500 0.3500 0.3300 0.3800 0.3100 0.3100
Cash Flow per Share 2 0.0100 0.0100 0.0100 0 0 0
Capex 1 0.01 0 - 0 - 3.39
Capex / Sales 0.03% 0% - 0.01% - 8.09%
Announcement Date 12/10/18 12/9/19 12/7/20 12/6/21 12/8/22 12/1/23
1SGD in Million2SGD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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