Financials SIA Engineering Company Limited

Equities

S59

SG1I53882771

Airport Services

Market Closed - Singapore S.E. 05:04:29 2024-07-10 am EDT 5-day change 1st Jan Change
2.36 SGD -0.42% Intraday chart for SIA Engineering Company Limited +1.29% -0.42%

Valuation

Fiscal Period: Marzo 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,916 2,433 2,862 2,524 2,536 2,663 - -
Enterprise Value (EV) 1 1,409 1,902 2,307 2,524 2,001 3,228 3,240 2,663
P/E ratio 9.91 x -217 x 42.5 x 38.2 x 26.2 x 17.1 x 16.8 x 14.7 x
Yield 4.68% - - - 3.54% 4.43% 4.79% 4.64%
Capitalization / Revenue 1.93 x 5.49 x 5.06 x 3.17 x 2.32 x 2.13 x 1.96 x 1.94 x
EV / Revenue 1.42 x 4.29 x 4.07 x 3.17 x 1.83 x 2.59 x 2.38 x 1.94 x
EV / EBITDA 9.8 x 41.2 x 55.6 x 67 x 30.6 x 32.7 x 28.6 x 22.1 x
EV / FCF 26 x 12.6 x 214 x - 32.7 x 30.9 x 21.8 x 17.3 x
FCF Yield 3.85% 7.92% 0.47% - 3.06% 3.23% 4.58% 5.78%
Price to Book 1.18 x 1.59 x 1.78 x - 1.5 x 1.51 x 1.46 x 1.41 x
Nbr of stocks (in thousands) 1,120,314 1,121,403 1,122,512 1,121,990 1,122,180 1,123,630 - -
Reference price 2 1.710 2.170 2.550 2.250 2.260 2.370 2.370 2.370
Announcement Date 5/8/20 5/4/21 5/5/22 5/8/23 5/10/24 - - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 994.1 443 566.1 796 1,094 1,248 1,360 1,372
EBITDA 1 143.8 46.2 41.46 37.7 65.44 98.76 113.3 120.5
EBIT 1 67.7 -25 -21.87 -26.25 2.356 34.7 59.8 52
Operating Margin 6.81% -5.64% -3.86% -3.3% 0.22% 2.78% 4.4% 3.79%
Earnings before Tax (EBT) 1 204.5 -35.6 49.16 65.55 99.3 168 186.1 194
Net income 1 193.8 -11.2 67.61 66.39 97.1 156.9 167.4 179.8
Net margin 19.5% -2.53% 11.94% 8.34% 8.87% 12.58% 12.31% 13.1%
EPS 2 0.1726 -0.0100 0.0600 0.0589 0.0861 0.1383 0.1410 0.1610
Free Cash Flow 1 54.3 150.6 10.77 - 61.18 104.4 148.3 154
FCF margin 5.46% 34% 1.9% - 5.59% 8.36% 10.91% 11.22%
FCF Conversion (EBITDA) 37.76% 325.97% 25.98% - 93.5% 105.67% 130.89% 127.76%
FCF Conversion (Net income) 28.02% - 15.93% - 63.01% 66.51% 88.61% 85.65%
Dividend per Share 2 0.0800 - - - 0.0800 0.1050 0.1136 0.1100
Announcement Date 5/8/20 5/4/21 5/5/22 5/8/23 5/10/24 - - -
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 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - - - - - 565 577 -
Net Cash position 1 507 532 556 - 536 - - -
Leverage (Debt/EBITDA) - - - - - 5.721 x 5.092 x -
Free Cash Flow 1 54.3 151 10.8 - 61.2 104 148 154
ROE (net income / shareholders' equity) 12.3% -0.7% 4.3% - 5.8% 9.14% 9.4% 9.88%
ROA (Net income/ Total Assets) 10.1% -0.59% 3.71% - 4.77% 7.06% 7.47% 7.74%
Assets 1 1,925 1,908 1,824 - 2,035 2,221 2,240 2,322
Book Value Per Share 2 1.450 1.370 1.440 - 1.500 1.570 1.620 1.680
Cash Flow per Share 2 0.0800 0.0500 0.0400 - 0.0700 0.1000 0.1100 -
Capex 1 36.8 15.2 18.4 - 39.2 35 33.8 35
Capex / Sales 3.7% 3.43% 3.26% - 3.58% 2.81% 2.48% 2.55%
Announcement Date 5/8/20 5/4/21 5/5/22 5/8/23 5/10/24 - - -
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
4
Last Close Price
2.37 SGD
Average target price
2.71 SGD
Spread / Average Target
+14.35%
Consensus

Annual profits - Rate of surprise

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