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PACC Offshore Services Holdings

DB:010
Snowflake Description

Concerning outlook with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
010
DB
SGD390M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

PACC Offshore Services Holdings Ltd. provides offshore marine services worldwide. The last earnings update was 59 days ago. More info.


Add to Portfolio Compare Print
  • PACC Offshore Services Holdings has significant price volatility in the past 3 months.
010 Share Price and Events
7 Day Returns
2.3%
DB:010
0.3%
Europe Energy Services
-0.3%
DE Market
1 Year Returns
30.8%
DB:010
6.7%
Europe Energy Services
19%
DE Market
010 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PACC Offshore Services Holdings (010) 2.3% 0% 134.5% 30.8% -26.5% -53.4%
Europe Energy Services 0.3% 8.5% 13.3% 6.7% -39.7% -69.9%
DE Market -0.3% 2.3% 10.7% 19% 6.2% 20.3%
1 Year Return vs Industry and Market
  • 010 outperformed the Energy Services industry which returned 6.7% over the past year.
  • 010 outperformed the Market in Germany which returned 19% over the past year.
Price Volatility
010
Industry
5yr Volatility vs Market

Value

 Is PACC Offshore Services Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for PACC Offshore Services Holdings. This is due to cash flow or dividend data being unavailable. The share price is €0.136.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PACC Offshore Services Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PACC Offshore Services Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:010 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.08
SGX:U6C Share Price ** SGX (2020-01-02) in SGD SGD0.22
SGX:U6C Share Price converted to USD reporting currency Exchange rate (SGD/ USD) 0.742 $0.16
Europe Energy Services Industry PE Ratio Median Figure of 29 Publicly-Listed Energy Services Companies 16.3x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 20.82x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PACC Offshore Services Holdings.

DB:010 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:U6C Share Price ÷ EPS (both in USD)

= 0.16 ÷ -0.08

-2.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PACC Offshore Services Holdings is loss making, we can't compare its value to the Europe Energy Services industry average.
  • PACC Offshore Services Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does PACC Offshore Services Holdings's expected growth come at a high price?
Raw Data
DB:010 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
110.4%per year
Europe Energy Services Industry PEG Ratio Median Figure of 19 Publicly-Listed Energy Services Companies 0.74x
Germany Market PEG Ratio Median Figure of 263 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for PACC Offshore Services Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on PACC Offshore Services Holdings's assets?
Raw Data
DB:010 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $0.16
SGX:U6C Share Price * SGX (2020-01-02) in SGD SGD0.22
SGX:U6C Share Price converted to USD reporting currency Exchange rate (SGD/ USD) 0.742 $0.16
Europe Energy Services Industry PB Ratio Median Figure of 69 Publicly-Listed Energy Services Companies 0.8x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.88x
DB:010 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:U6C Share Price ÷ Book Value per Share (both in USD)

= 0.16 ÷ 0.16

1x

* Primary Listing of PACC Offshore Services Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PACC Offshore Services Holdings is overvalued based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess PACC Offshore Services Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. PACC Offshore Services Holdings has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is PACC Offshore Services Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
110.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PACC Offshore Services Holdings expected to grow at an attractive rate?
  • Unable to compare PACC Offshore Services Holdings's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare PACC Offshore Services Holdings's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • PACC Offshore Services Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:010 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:010 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 110.4%
DB:010 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 18%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 34%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:010 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:010 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31 346 40 -19 1
2020-01-02
2019-12-31 295 16 -65 1
DB:010 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 275 16 -142
2019-06-30 281 10 -107
2019-03-31 291 21 -104
2018-12-31 299 28 -98
2018-09-30 296 16 -213
2018-06-30 269 15 -214
2018-03-31 228 36 -219
2017-12-31 192 20 -230
2017-09-30 166 22 -381
2017-06-30 155 19 -388
2017-03-31 159 15 -394
2016-12-31 183 38 -371

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PACC Offshore Services Holdings is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • PACC Offshore Services Holdings's revenue is expected to grow by 18% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:010 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from PACC Offshore Services Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:010 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 -0.01 -0.01 -0.01 1.00
2020-01-02
2019-12-31 -0.04 -0.04 -0.04 1.00
DB:010 Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.08
2019-06-30 -0.06
2019-03-31 -0.06
2018-12-31 -0.05
2018-09-30 -0.12
2018-06-30 -0.12
2018-03-31 -0.12
2017-12-31 -0.13
2017-09-30 -0.21
2017-06-30 -0.21
2017-03-31 -0.22
2016-12-31 -0.20

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if PACC Offshore Services Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess PACC Offshore Services Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PACC Offshore Services Holdings has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has PACC Offshore Services Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PACC Offshore Services Holdings's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PACC Offshore Services Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare PACC Offshore Services Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare PACC Offshore Services Holdings's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
PACC Offshore Services Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PACC Offshore Services Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:010 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 275.05 -141.78 53.54
2019-06-30 281.46 -106.70 39.79
2019-03-31 290.64 -103.85 39.91
2018-12-31 299.40 -98.33 37.05
2018-09-30 295.89 -213.22 34.38
2018-06-30 268.73 -213.70 34.62
2018-03-31 228.19 -218.91 31.82
2017-12-31 192.21 -230.29 29.32
2017-09-30 166.39 -380.84 32.96
2017-06-30 155.48 -387.94 30.83
2017-03-31 158.98 -394.47 37.29
2016-12-31 183.10 -371.45 44.28
2016-09-30 218.25 -175.68 39.47
2016-06-30 257.02 -150.17 39.83
2016-03-31 281.93 -126.53 36.83
2015-12-31 280.82 -130.96 31.71
2015-09-30 264.81 8.76 34.16
2015-06-30 251.45 10.83 35.33
2015-03-31 238.69 16.59 34.33
2014-12-31 234.04 53.24 34.92
2014-09-30 233.30 67.39 37.94
2014-06-30 231.35 73.71 39.53
2014-03-31 233.67 89.25 35.34
2013-12-31 237.26 73.37 33.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if PACC Offshore Services Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if PACC Offshore Services Holdings has efficiently used its assets last year compared to the Europe Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if PACC Offshore Services Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess PACC Offshore Services Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PACC Offshore Services Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is PACC Offshore Services Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up PACC Offshore Services Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PACC Offshore Services Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • PACC Offshore Services Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of PACC Offshore Services Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PACC Offshore Services Holdings Company Filings, last reported 3 months ago.

DB:010 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 290.15 777.28 12.60
2019-06-30 331.62 785.89 16.48
2019-03-31 347.10 776.91 21.21
2018-12-31 363.88 767.60 14.72
2018-09-30 451.03 767.57 17.26
2018-06-30 454.45 771.45 15.45
2018-03-31 458.16 759.68 13.91
2017-12-31 460.12 769.12 20.40
2017-09-30 648.62 752.31 15.90
2017-06-30 658.02 736.67 14.76
2017-03-31 670.55 716.83 11.83
2016-12-31 688.26 708.53 19.07
2016-09-30 1,026.24 627.55 13.79
2016-06-30 1,039.48 601.34 11.50
2016-03-31 1,065.34 578.57 13.77
2015-12-31 1,061.04 560.31 18.85
2015-09-30 1,211.32 565.40 13.14
2015-06-30 1,199.80 592.06 40.11
2015-03-31 1,213.79 621.80 10.92
2014-12-31 1,213.76 560.52 12.99
2014-09-30 1,223.72 485.97 11.20
2014-06-30 1,209.07 522.24 11.45
2014-03-31 900.97 810.58 12.27
2013-12-31 864.30 808.08 12.75
  • PACC Offshore Services Holdings's level of debt (267.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (39.8% vs 267.9% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • PACC Offshore Services Holdings has sufficient cash runway for more than 3 years based on current free cash flow.
  • PACC Offshore Services Holdings has less than a year of cash runway if free cash flow continues to reduce at historical rates of -71.6% each year.
X
Financial health checks
We assess PACC Offshore Services Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PACC Offshore Services Holdings has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is PACC Offshore Services Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from PACC Offshore Services Holdings dividends. Estimated to be 0% next year.
If you bought €2,000 of PACC Offshore Services Holdings shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate PACC Offshore Services Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate PACC Offshore Services Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:010 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:010 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2020-01-02
2019-12-31 0.00 1.00
DB:010 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-11-10 0.000 0.000
2017-08-01 0.000 0.000
2017-05-04 0.000 0.000
2017-04-10 0.000 0.000
2017-02-21 0.000 0.000
2016-04-04 0.003 1.476
2015-04-10 0.010 4.247
2014-04-30 0.004 0.851

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as PACC Offshore Services Holdings has not reported any payouts.
  • Unable to verify if PACC Offshore Services Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of PACC Offshore Services Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as PACC Offshore Services Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of PACC Offshore Services Holdings's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess PACC Offshore Services Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PACC Offshore Services Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PACC Offshore Services Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of PACC Offshore Services Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Keng Lee
AGE 44
TENURE AS CEO 0.7 years
CEO Bio

Mr. Keng Lin Lee is the Chief Executive Officer and Executive Director at PACC Offshore Services Holdings Ltd. since May 1, 2019 . Mr. Lee served as Deputy Chief Executive Officer of PACC Offshore Services Holdings Ltd. since January 1, 2017 until May 1, 2019 and served as its Divisional Director of Harbour Services & Emergency Response since May 3, 2017. Mr. Lee served as the Chief Operating Officer of PACC Offshore Services Holdings Ltd. since October 1, 2014 until November 2016 and served as its Divisional Director of Harbour Services & Emergency Response since April 9, 2016 until November 2016. Mr. Lee served as Divisional Director of PACC Offshore Services Holdings Ltd. until April 9, 2016. Mr. Lee was responsible for overseeing the day to day operations of PACC and grows its business and drives the performance measures for all operational aspects. He is the Director of Deepwater Services & Harbor Services at POSH SEMCO Pte Ltd. He has experience in the offshore marine industry. He served as Divisional Director of Offshore Supply Vessels, Offshore Accommodation (Deepwater), Harbour Services and Emergency Response at PACC Offshore Services Holdings Ltd. He joined PACC Group in 2007. He was part of the team that led acquisition of PSA Marine's offshore business in 2007 and was instrumental in the development and operations of various joint ventures and new business divisions. Prior to this, Mr. Lee was employed by PSA International's group as its corporate and business development manager, where he was based in Europe, from 2006 to 2007 and business development manager where his responsibilities included business development and charters of harbour tugs and offshore support vessels, from 2002 to 2005. He serves as a Director of Labrador Shipping Corporation, POSH Semco Pte Ltd, Maritime Vanguard Pte Ltd, Newfoundland Shipping Corporation, Pacific Workboats Pte Ltd , POSH Australia Pty Ltd , POSH Fleet Services Pte Ltd , POSH Havila Pte Ltd, POSH Maritime Pte Ltd, Crescent Marine Pte Ltd, PT Win Offshore, PT Mandiri Abadi Maritim, POSH Saudi Co. Ltd. , POSH Investment Holdings Pte Ltd , Nimitrans Pte. Ltd., POSH (USA) Inc. POSH Kerry Renewables Co. Ltd. , POSH Investment Holdings (Brunei) Pte Ltd and POSH Subsea Pte Ltd. He was direector at POSH Terasea (I) Pte Ltd, POSH Terasea (II) Pte Ltd, POSH Terasea Offshore Pte Ltd, POSH Terasea Pte Ltd and Eide Marine Offshore B.V.

CEO Compensation
  • Insufficient data for Keng to compare compensation growth.
  • Insufficient data for Keng to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the PACC Offshore Services Holdings management team in years:

1
Average Tenure
51
Average Age
  • The average tenure for the PACC Offshore Services Holdings management team is less than 2 years, this suggests a new team.
Management Team

Keng Lee

TITLE
CEO & Executive Director
AGE
44
TENURE
0.7 yrs

Edward Chiu

TITLE
Chief Financial Officer
AGE
58
TENURE
1.3 yrs

Ulva Chai

TITLE
Managing Director of Offshore Services
TENURE
1 yrs

Kelvin Teo

TITLE
Managing Director of Renewables
AGE
41
TENURE
1 yrs

Kurush Contractor

TITLE
Managing Director of Subsea
AGE
58
TENURE
1 yrs

Ai Chin Koh

TITLE
Financial Controller

Andy Soh

TITLE
Joint Company Secretary
TENURE
2.7 yrs

Ooi Pooi Teng

TITLE
Joint Company Secretary
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the PACC Offshore Services Holdings board of directors in years:

6.2
Average Tenure
65
Average Age
  • The tenure for the PACC Offshore Services Holdings board of directors is about average.
Board of Directors

Khoon Ean Kuok

TITLE
Chairman
COMPENSATION
$141K
AGE
63
TENURE
6.5 yrs

Keng Lee

TITLE
CEO & Executive Director
AGE
44
TENURE
0.7 yrs

Joo Yeow Wee

TITLE
Independent Non-Executive Director
COMPENSATION
$113K
AGE
71
TENURE
6.1 yrs

Paul Ma

TITLE
Independent Non-Executive Director
COMPENSATION
$138K
AGE
72
TENURE
6.3 yrs

Jude Benny

TITLE
Lead Independent Director
COMPENSATION
$133K
AGE
62

Ivan Replumaz

TITLE
Independent Non-Executive Director
COMPENSATION
$95K
AGE
67
TENURE
2.3 yrs

Gerald Seow

TITLE
Non-Executive Director
AGE
65
TENURE
13.8 yrs

Ahmad Sufian

TITLE
Independent Non-Executive Director
COMPENSATION
$105K
AGE
69
TENURE
11 yrs

Hsin Yong

TITLE
Non-Executive Director
AGE
47
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Dec 19 Sell The Kuok Group Company 11. Dec 19 11. Dec 19 -182,587,300 €0.14 €-26,045,357
10. Dec 19 Buy The Kuok Group Company 10. Dec 19 10. Dec 19 311,400 €0.14 €44,405
06. Dec 19 Buy The Kuok Group Company 06. Dec 19 06. Dec 19 3,437,700 €0.14 €491,523
05. Dec 19 Buy The Kuok Group Company 05. Dec 19 05. Dec 19 3,492,000 €0.14 €496,720
04. Dec 19 Buy The Kuok Group Company 04. Dec 19 04. Dec 19 769,600 €0.14 €109,517
29. Nov 19 Buy The Kuok Group Company 29. Nov 19 29. Nov 19 894,000 €0.14 €127,555
28. Nov 19 Buy The Kuok Group Company 28. Nov 19 28. Nov 19 961,500 €0.14 €137,505
26. Nov 19 Buy The Kuok Group Company 26. Nov 19 26. Nov 19 7,836,800 €0.14 €1,120,601
25. Nov 19 Buy The Kuok Group Company 25. Nov 19 25. Nov 19 1,273,400 €0.14 €182,144
22. Nov 19 Buy The Kuok Group Company 22. Nov 19 22. Nov 19 1,946,700 €0.14 €278,153
21. Nov 19 Buy The Kuok Group Company 21. Nov 19 21. Nov 19 1,937,300 €0.14 €276,231
20. Nov 19 Buy The Kuok Group Company 20. Nov 19 20. Nov 19 2,580,900 €0.14 €368,326
20. Nov 19 Buy The Kuok Group Company 19. Nov 19 19. Nov 19 976,300 €0.14 €139,165
19. Nov 19 Buy The Kuok Group Company 18. Nov 19 18. Nov 19 651,500 €0.14 €92,898
18. Nov 19 Buy The Kuok Group Company 15. Nov 19 15. Nov 19 1,186,900 €0.14 €169,808
14. Nov 19 Buy The Kuok Group Company 13. Nov 19 13. Nov 19 886,100 €0.14 €127,042
12. Nov 19 Buy The Kuok Group Company 11. Nov 19 11. Nov 19 1,668,100 €0.14 €238,767
13. Nov 19 Buy The Kuok Group Company 12. Nov 19 12. Nov 19 1,460,700 €0.14 €209,366
11. Nov 19 Buy The Kuok Group Company 08. Nov 19 08. Nov 19 37,741,900 €0.14 €5,415,732
02. Sep 19 Buy Balkane Investment Pte Ltd Company 30. Aug 19 30. Aug 19 180,000 €0.08 €14,669
X
Management checks
We assess PACC Offshore Services Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PACC Offshore Services Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

PACC Offshore Services Holdings Ltd. provides offshore marine services worldwide. The company’s Offshore Supply Vessels segment operates a fleet of mid to deepwater anchor handling tug supply vessels, which offer towing and positioning of drilling rigs, transporting drilling materials, and other equipment services; and platform supply vessels that transport drilling materials and supplies to drilling rigs and offshore production platforms, as well as pipes and other materials for construction of marine structures or pipelines. The company’s Transportation and Installation segment supports marine contractors in the construction and maintenance of oilfield infrastructure and pipelines. This segment operates anchor handling tugs for cross-ocean towing tugs and Anchor Handling Tugs; and transporting large marine structures and ballastable tank barges and tugs for transporting construction materials and subsea pipes. Its Offshore Accommodation segment operates a fleet of offshore accommodation vessels providing a range of solutions for offshore construction, modification and maintenance, and decommissioning activities. The company’s Harbour Services & Emergency Response segment owns, operates, and manages harbor tugs and heavy lift crane barges for supporting harbor towage operators and providing heavy lift services to shipyards; and provides salvage, wreck removal, emergency rescue, and oil spill response services to vessels. It operates a fleet of approximately 100 offshore vessels. The company was incorporated in 2006 and is headquartered in Singapore.

Details
Name: PACC Offshore Services Holdings Ltd.
010
Exchange: DB
Founded: 2006
SGD259,085,535
1,815,255,840
Website: http://www.posh.com.sg
Address: PACC Offshore Services Holdings Ltd.
No. 1 Kim Seng Promenade,
No. 06-01 Great World City,
Singapore,
237994,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX U6C Ordinary Shares Singapore Exchange SG SGD 25. Apr 2014
DB 010 Ordinary Shares Deutsche Boerse AG DE EUR 25. Apr 2014
Number of employees
Current staff
Staff numbers
0
PACC Offshore Services Holdings employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/02 22:00
End of day share price update: 2020/01/02 00:00
Last estimates confirmation: 2019/11/06
Last earnings filing: 2019/11/04
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.