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Chip Eng Seng

BST:QK5
Snowflake Description

Established dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QK5
BST
SGD477M
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

Chip Eng Seng Corporation Ltd, an investment holding company, engages in the construction, property development and investment, and hospitality businesses primarily in Singapore, Australia, Malaysia, and Maldives. The last earnings update was 19 days ago. More info.


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QK5 Share Price and Events
7 Day Returns
0.5%
BST:QK5
0.9%
DE Real Estate
0%
DE Market
1 Year Returns
-14.4%
BST:QK5
-1.1%
DE Real Estate
9.9%
DE Market
QK5 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chip Eng Seng (QK5) 0.5% 0% -10.5% -14.4% -1.8% -28.7%
DE Real Estate 0.9% -1.1% 4.1% -1.1% 39.2% 87.2%
DE Market 0% 4.4% 13.6% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • QK5 underperformed the Real Estate industry which returned -1.1% over the past year.
  • QK5 underperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
QK5
Industry
5yr Volatility vs Market

Value

 Is Chip Eng Seng 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
Here we compare the current share price of Chip Eng Seng to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Chip Eng Seng.

BST:QK5 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:QK5
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.051 (1 + (1- 17%) (413.68%))
3.451
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for BST:QK5 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Chip Eng Seng is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BST:QK5 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 12.15%)
2020 67.71 Est @ 2.7% 60.38
2021 69.04 Est @ 1.96% 54.89
2022 70.03 Est @ 1.44% 49.65
2023 70.78 Est @ 1.07% 44.75
2024 71.37 Est @ 0.82% 40.23
2025 71.82 Est @ 0.64% 36.10
2026 72.20 Est @ 0.52% 32.36
2027 72.51 Est @ 0.43% 28.98
2028 72.78 Est @ 0.37% 25.93
2029 73.01 Est @ 0.33% 23.20
Present value of next 10 years cash flows SGD396.00
BST:QK5 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SGD73.01 × (1 + 0.23%) ÷ (12.15% – 0.23%)
SGD613.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD613.94 ÷ (1 + 12.15%)10
SGD195.08
BST:QK5 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD396.00 + SGD195.08
SGD591.08
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD591.08 / 782.52
SGD0.76
BST:QK5 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:QK5 represents 0.61639x of SGX:C29
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.61639x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SGD) x Listing Adjustment Factor
= SGD 0.76 x 0.61639
€0.47
Value per share (EUR) From above. €0.47
Current discount Discount to share price of €0.38
= -1 x (€0.38 - €0.47) / €0.47
19.2%

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

Current Discount
Amount off the current price Chip Eng Seng is available for.
Intrinsic value
19%
Share price is €0.376 vs Future cash flow value of €0.4656
Current Discount Checks
For Chip Eng Seng to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Chip Eng Seng's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Chip Eng Seng's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Chip Eng Seng's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chip Eng Seng's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:QK5 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SGD SGD0.07
SGX:C29 Share Price ** SGX (2019-11-15) in SGD SGD0.61
Germany Real Estate Industry PE Ratio Median Figure of 35 Publicly-Listed Real Estate Companies 12.72x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 19.5x

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

** Primary Listing of Chip Eng Seng.

BST:QK5 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:C29 Share Price ÷ EPS (both in SGD)

= 0.61 ÷ 0.07

8.22x

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

  • Chip Eng Seng is good value based on earnings compared to the DE Real Estate industry average.
  • Chip Eng Seng is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Chip Eng Seng's expected growth come at a high price?
Raw Data
BST:QK5 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
16.2%per year
Germany Real Estate Industry PEG Ratio Median Figure of 19 Publicly-Listed Real Estate Companies 0.62x
Germany Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.38x

*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 Chip Eng Seng, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Chip Eng Seng's assets?
Raw Data
BST:QK5 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SGD SGD1.29
SGX:C29 Share Price * SGX (2019-11-15) in SGD SGD0.61
Germany Real Estate Industry PB Ratio Median Figure of 43 Publicly-Listed Real Estate Companies 1.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.86x
BST:QK5 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:C29 Share Price ÷ Book Value per Share (both in SGD)

= 0.61 ÷ 1.29

0.47x

* Primary Listing of Chip Eng Seng.

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

  • Chip Eng Seng is good value based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess Chip Eng Seng'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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. Chip Eng Seng has a total score of 3/6, 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 Chip Eng Seng expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Chip Eng Seng, future earnings growth has been estimated based on fundamentals.
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
16.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chip Eng Seng expected to grow at an attractive rate?
  • Chip Eng Seng's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Chip Eng Seng's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Chip Eng Seng's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:QK5 Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:QK5 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 16.2%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -8%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
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
BST:QK5 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:QK5 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BST:QK5 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-09-30 1,080 110 46
2019-06-30 1,130 120 60
2019-03-31 1,148 -85 68
2018-12-31 1,080 -98 63
2018-09-30 1,029 -678 50
2018-06-30 925 -937 45
2018-03-31 883 -551 30
2017-12-31 851 -491 33
2017-09-30 844 79 34
2017-06-30 782 213 27
2017-03-31 803 -145 44
2016-12-31 748 -257 36

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Chip Eng Seng's earnings are expected to grow by 16.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Chip Eng Seng is high growth as no revenue estimate data is available.
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
BST:QK5 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Chip Eng Seng Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:QK5 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BST:QK5 Past Financials Data
Date (Data in SGD Millions) EPS *
2019-09-30 0.07
2019-06-30 0.10
2019-03-31 0.11
2018-12-31 0.10
2018-09-30 0.08
2018-06-30 0.07
2018-03-31 0.05
2017-12-31 0.05
2017-09-30 0.05
2017-06-30 0.04
2017-03-31 0.07
2016-12-31 0.06

*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 Chip Eng Seng will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Chip Eng Seng'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Chip Eng Seng has a total score of 2/6, 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 Chip Eng Seng 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 Chip Eng Seng's growth in the last year to its industry (Real Estate).
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.
  • Chip Eng Seng's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Chip Eng Seng's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Chip Eng Seng's 1-year earnings growth is negative, it can't be compared to the DE Real Estate industry average.
Earnings and Revenue History
Chip Eng Seng'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 Chip Eng Seng Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:QK5 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,080.41 46.47 110.13
2019-06-30 1,130.01 59.99 112.37
2019-03-31 1,148.32 68.25 109.37
2018-12-31 1,080.23 63.12 108.33
2018-09-30 1,029.50 50.06 95.60
2018-06-30 925.47 45.03 84.95
2018-03-31 882.92 30.22 79.67
2017-12-31 850.81 32.74 74.45
2017-09-30 843.59 34.14 71.45
2017-06-30 782.06 26.68 65.99
2017-03-31 803.21 43.52 70.24
2016-12-31 748.00 35.69 67.27
2016-09-30 651.82 30.56 72.01
2016-06-30 658.44 38.42 88.24
2016-03-31 621.20 45.56 86.22
2015-12-31 676.45 62.99 81.37
2015-09-30 891.19 220.82 83.74
2015-06-30 1,148.48 280.16 71.61
2015-03-31 1,075.06 277.38 63.50
2014-12-31 1,105.74 280.73 62.53
2014-09-30 910.29 147.78 61.82
2014-06-30 584.45 102.11 58.73
2014-03-31 569.89 90.31 58.93
2013-12-31 502.47 73.37 63.85
2013-09-30 551.89 77.95 64.54
2013-06-30 724.73 80.97 68.23
2013-03-31 698.27 81.58 66.16
2012-12-31 617.13 81.27 58.53

*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.
  • Chip Eng Seng has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Chip Eng Seng used its assets less efficiently than the DE Real Estate industry average last year based on Return on Assets.
  • Chip Eng Seng has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Chip Eng Seng'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 Real Estate 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.
Chip Eng Seng has a total score of 1/6, 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 Chip Eng Seng'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 Chip Eng Seng's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chip Eng Seng is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chip Eng Seng's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chip Eng Seng'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 covered by short term assets, assets are 1.2x 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 Chip Eng Seng Company Filings, last reported 1 month ago.

BST:QK5 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 835.38 1,974.64 336.78
2019-06-30 863.76 2,031.79 316.78
2019-03-31 884.43 2,072.21 469.75
2018-12-31 874.06 1,938.92 209.17
2018-09-30 836.76 1,878.22 382.79
2018-06-30 825.65 1,938.73 320.74
2018-03-31 834.04 1,563.86 256.24
2017-12-31 824.72 1,729.00 154.31
2017-09-30 785.98 1,376.22 508.31
2017-06-30 765.96 1,340.77 597.92
2017-03-31 786.42 1,327.62 514.72
2016-12-31 776.61 1,259.55 407.60
2016-09-30 753.03 1,171.46 461.98
2016-06-30 734.96 1,199.26 470.25
2016-03-31 745.93 823.27 371.37
2015-12-31 742.97 936.49 292.37
2015-09-30 728.99 963.58 470.21
2015-06-30 726.00 993.04 310.67
2015-03-31 749.88 877.48 292.62
2014-12-31 736.41 940.82 220.91
2014-09-30 572.63 583.26 183.91
2014-06-30 512.40 598.40 192.67
2014-03-31 522.56 742.98 191.75
2013-12-31 498.81 768.52 118.75
2013-09-30 466.93 792.52 226.05
2013-06-30 439.10 680.23 219.24
2013-03-31 468.20 484.75 260.89
2012-12-31 460.49 461.75 179.36
  • Chip Eng Seng's level of debt (236.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (102.2% vs 236.4% today).
  • Debt is not well covered by operating cash flow (5.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Chip Eng Seng'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. Chip Eng Seng has a total score of 2/6, 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 Chip Eng Seng'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
6.56%
Current annual income from Chip Eng Seng dividends.
If you bought €2,000 of Chip Eng Seng shares you are expected to receive €131 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?
  • Chip Eng Seng's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Chip Eng Seng's dividend is above the markets top 25% of dividend payers in Germany (3.66%).
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
BST:QK5 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 0 Analyst Estimates (S&P Global) See Below
Germany Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

BST:QK5 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
BST:QK5 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-04-01 0.040 5.881
2019-02-22 0.040 5.242
2018-04-09 0.040 5.050
2018-02-13 0.040 4.191
2017-04-10 0.040 4.936
2017-02-16 0.040 5.437
2016-02-05 0.040 6.155
2015-04-06 0.040 5.549
2014-02-20 0.040 4.768
2013-03-15 0.040 5.566
2012-02-22 0.040 8.159
2011-02-22 0.040 9.651
2010-04-13 0.030 7.816
2010-02-10 0.030 7.693
2009-04-14 0.008 2.088

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Chip Eng Seng's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Chip Eng Seng's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Chip Eng Seng afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chip Eng Seng has a total score of 5/6, 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 Chip Eng Seng'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
Raymond Chia
COMPENSATION SGD0
AGE 54
TENURE AS CEO 3.8 years
CEO Bio

Mr. Chia Lee Meng, also known as Raymond, PBM, served as Executive Chairman of Chip Eng Seng Corporation Ltd from May 5, 2016 to October 11, 2018 and has been its Chief Executive Officer and Executive Director since February 1, 2016. Mr. Meng served as Head of Corporate Affairs of Human Resources & Legal Affairs at Chip Eng Seng Corporation Ltd and Director of Group Financial & Investment Matters since September 2, 1999. He joined the firm in 1994 and served as a Project Manager. He served as Administrative Executive of T.C. Sin & Associates and a Senior Officer of Tat Lee Bank Ltd. He serves as the Chairman of Seacare Properties Pte Ltd. Mr. Meng served as a Director of Educare Co-operative Ltd. He served as Executive Deputy Chairman and Executive Director of Chip Eng Seng Corporation Ltd since January 1, 2013 and September 2, 1999 respectively and also serves as Director of some of its subsidiary companies. Mr. Meng received a Master degree in Finance from RMIT University and a Bachelor degree in Economics and Finance from Curtin University.

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

Average tenure and age of the Chip Eng Seng management team in years:

2.3
Average Tenure
55
Average Age
  • The tenure for the Chip Eng Seng management team is about average.
Management Team

Raymond Chia

TITLE
Group CEO & Executive Director
AGE
54
TENURE
3.8 yrs

Cheong Yan Law

TITLE
Chief Financial Officer
AGE
48
TENURE
6.3 yrs

Gin Goh

TITLE
Senior Legal Counsel & Company Secretary

Joanne Goh

TITLE
General Manager of Marketing

Kang Ang

TITLE
Chief Human Resource Officer

Siang Thong Yeo

TITLE
Managing Director of Construction Division
AGE
56
TENURE
2.3 yrs

Tee How Tan

TITLE
Executive Director
AGE
60
TENURE
1.8 yrs

Shaw Leong Yoong

TITLE
Managing Director of Precast Division
TENURE
1.6 yrs

Thiam Koh

TITLE
Senior Vice President

Lui Kathryn

TITLE
Senior Vice President
Board of Directors Tenure

Average tenure and age of the Chip Eng Seng board of directors in years:

1.8
Average Tenure
57
Average Age
  • The average tenure for the Chip Eng Seng board of directors is less than 3 years, this suggests a new board.
Board of Directors

Serena Tang

TITLE
Non-Executive Chairman
TENURE
1.1 yrs

Raymond Chia

TITLE
Group CEO & Executive Director
AGE
54
TENURE
3.8 yrs

Tee How Tan

TITLE
Executive Director
AGE
60
TENURE
1.8 yrs

Abdul Jabbar Bin Karam Din

TITLE
Independent Director
TENURE
1.8 yrs

Mong Seng Ang

TITLE
Lead Independent Director
AGE
70
TENURE
4 yrs

Wai Han Lock

TITLE
Independent & Non-Executive Director
AGE
51
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Chip Eng Seng individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
21. Oct 19 Buy Senz Holdings Limited Company 18. Oct 19 18. Oct 19 4,299,500 €0.41 €1,781,643
21. Oct 19 Buy Celine Tang Individual 18. Oct 19 18. Oct 19 115,547,903 €0.41 €47,881,168
21. Oct 19 Buy Sock Lim Individual 18. Oct 19 18. Oct 19 2,425,500 €0.41 €1,005,088
21. Oct 19 Buy Lee Meng Chia Individual 18. Oct 19 18. Oct 19 2,781,250 €0.41 €1,152,505
04. Apr 19 Sell Wai Han Lock Individual 04. Apr 19 04. Apr 19 -90,000 €0.53 €-47,680
X
Management checks
We assess Chip Eng Seng'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. Chip Eng Seng 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

Chip Eng Seng Corporation Ltd, an investment holding company, engages in the construction, property development and investment, and hospitality businesses primarily in Singapore, Australia, Malaysia, and Maldives. The company operates through Construction, Property Developments, Property Investments, Hospitality, and Corporate and Others segments. The company constructs public housing projects, condominiums, executive condominiums, modular buildings, and industrial and commercial projects; develops residential, commercial, and industrial properties, as well as manages development projects; and provides real estate management and consultancy services. It also leases investment properties, such as shophouses, office buildings, and industrial properties; operates hotels and island resort; and invests in marketable securities. In addition, the company acts as general building contractor; manufactures and trades in precast products; and provides general building engineering, financial, and treasury services. Further, the company operates Repton-brand pre-school center in Singapore. Chip Eng Seng Corporation Ltd was incorporated in 1998 and is headquartered in Singapore.

Details
Name: Chip Eng Seng Corporation Ltd
QK5
Exchange: BST
Founded: 1998
SGD317,636,638
782,517,576
Website: http://www.chipengseng.com.sg
Address: Chip Eng Seng Corporation Ltd
No. 12-01, CES Centre,
171 Chin Swee Road,
Singapore,
169877,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX C29 Ordinary Shares Singapore Exchange SG SGD 24. Nov 1999
BST QK5 Ordinary Shares Boerse-Stuttgart DE EUR 24. Nov 1999
Number of employees
Current staff
Staff numbers
0
Chip Eng Seng employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/17 21:36
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/02/22
Last earnings filing: 2019/10/29
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.