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Axcelasia

Catalist:42U
Snowflake Description

Flawless balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
42U
Catalist
SGD21M
Market Cap
  1. Home
  2. SG
  3. Commercial Services
Company description

Axcelasia Inc., an investment holding company, provides integrated professional services to public listed companies, private companies, multinational corporations, and government-linked entities in Malaysia, Singapore, Vietnam, Laos, and other countries in Asia. The last earnings update was 191 days ago. More info.


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  • Axcelasia has significant price volatility in the past 3 months.
42U Share Price and Events
7 Day Returns
18.2%
Catalist:42U
0.2%
SG Professional Services
-0.1%
SG Market
1 Year Returns
-
Catalist:42U
26%
SG Professional Services
-2.7%
SG Market
42U Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Axcelasia (42U) 18.2% 136.4% - - 47.7% -
SG Professional Services 0.2% -2.3% 7.3% 26% -22.5% 169.4%
SG Market -0.1% -2.8% 0.1% -2.7% -2.2% -9.4%
1 Year Return vs Industry and Market
  • No trading data on 42U.
  • No trading data on 42U.
Price Volatility
42U
Industry
5yr Volatility vs Market

Value

 Is Axcelasia 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 Axcelasia 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 Axcelasia.

Catalist:42U 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 8%
Perpetual Growth Rate 10-Year SG Government Bond Rate 1.8%

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 Catalist:42U
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 7%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.838 (1 + (1- 24%) (0%))
0.891
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.75% + (0.891 * 6.96%)
7.95%

Discounted Cash Flow Calculation for Catalist:42U using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Axcelasia 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.

Catalist:42U DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (MYR, Millions) Source Present Value
Discounted (@ 7.95%)
2020 2.35 Est @ 78.62% 2.17
2021 3.65 Est @ 55.56% 3.13
2022 5.09 Est @ 39.42% 4.05
2023 6.52 Est @ 28.12% 4.80
2024 7.84 Est @ 20.21% 5.35
2025 8.99 Est @ 14.67% 5.68
2026 9.96 Est @ 10.79% 5.83
2027 10.76 Est @ 8.08% 5.84
2028 11.43 Est @ 6.18% 5.74
2029 11.98 Est @ 4.85% 5.57
Present value of next 10 years cash flows MYR48.00
Catalist:42U DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= MYR11.98 × (1 + 1.75%) ÷ (7.95% – 1.75%)
MYR196.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= MYR196.56 ÷ (1 + 7.95%)10
MYR91.44
Catalist:42U Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= MYR48.00 + MYR91.44
MYR139.44
Equity Value per Share
(MYR)
= Total value / Shares Outstanding
= MYR139.44 / 160.31
MYR0.87
Catalist:42U Discount to Share Price
Calculation Result
Exchange Rate MYR/SGD
(Reporting currency to currency of Catalist:42U)
0.335
Value per Share
(SGD)
= Value per Share in MYR x Exchange Rate (MYR/SGD)
= MYR0.87 x 0.335
SGD0.29
Value per share (SGD) From above. SGD0.29
Current discount Discount to share price of SGD0.13
= -1 x (SGD0.13 - SGD0.29) / SGD0.29
55.4%

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

Current Discount
Amount off the current price Axcelasia is available for.
Intrinsic value
>50%
Share price is SGD0.13 vs Future cash flow value of SGD0.29141
Current Discount Checks
For Axcelasia to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Axcelasia's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Axcelasia's share price is below the future cash flow value, and 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 Axcelasia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Axcelasia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
Catalist:42U PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in MYR MYR0.01
Catalist:42U Share Price ** Catalist (2020-02-20) in SGD SGD0.13
Catalist:42U Share Price converted to MYR reporting currency Exchange rate (SGD/ MYR) 2.985 MYR0.39
Asia Professional Services Industry PE Ratio Median Figure of 157 Publicly-Listed Professional Services Companies 19.68x
Singapore Market PE Ratio Median Figure of 382 Publicly-Listed Companies 13.43x

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

** Primary Listing of Axcelasia.

Catalist:42U PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= Catalist:42U Share Price ÷ EPS (both in MYR)

= 0.39 ÷ 0.01

38.11x

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

  • Axcelasia is overvalued based on earnings compared to the Asia Professional Services industry average.
  • Axcelasia is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does Axcelasia's expected growth come at a high price?
Raw Data
Catalist:42U PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 38.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Professional Services Industry PEG Ratio Median Figure of 58 Publicly-Listed Professional Services Companies 1.67x
Singapore Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 1.22x

*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 Axcelasia, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Axcelasia's assets?
Raw Data
Catalist:42U PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in MYR MYR0.20
Catalist:42U Share Price * Catalist (2020-02-20) in SGD SGD0.13
Catalist:42U Share Price converted to MYR reporting currency Exchange rate (SGD/ MYR) 2.985 MYR0.39
Singapore Professional Services Industry PB Ratio Median Figure of 6 Publicly-Listed Professional Services Companies 0.91x
Singapore Market PB Ratio Median Figure of 606 Publicly-Listed Companies 0.73x
Catalist:42U PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= Catalist:42U Share Price ÷ Book Value per Share (both in MYR)

= 0.39 ÷ 0.20

1.95x

* Primary Listing of Axcelasia.

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

  • Axcelasia is overvalued based on assets compared to the SG Professional Services industry average.
X
Value checks
We assess Axcelasia'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 Professional 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 Professional Services industry average (and greater than 0)? (1 check)
  5. Axcelasia has a total score of 2/6, 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 Axcelasia expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Axcelasia has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
16.4%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Axcelasia expected to grow at an attractive rate?
  • Unable to compare Axcelasia's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Axcelasia's earnings growth to the Singapore market average as no estimate data is available.
  • Unable to compare Axcelasia's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
Catalist:42U Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 16.4%
Asia Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 10%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.8%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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
Catalist:42U Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in MYR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
Catalist:42U Past Financials Data
Date (Data in MYR Millions) Revenue Cash Flow Net Income *
2019-06-30 25 2 2
2019-03-31 25 0 2
2018-12-31 25 -1 2
2018-09-30 25 -1 2
2018-06-30 24 -1 2
2018-03-31 23 -1 0
2017-12-31 22 -1 -1
2017-09-30 20 -2 -3
2017-06-30 18 -3 -5
2017-03-31 17 -3 -4
2016-12-31 16 -4 -3
2016-09-30 17 -2 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Axcelasia is high growth as no earnings estimate data is available.
  • Unable to determine if Axcelasia 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
Catalist:42U Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Axcelasia Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

Catalist:42U Past Financials Data
Date (Data in MYR Millions) EPS *
2019-06-30 0.01
2019-03-31 0.01
2018-12-31 0.01
2018-09-30 0.01
2018-06-30 0.01
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 -0.02
2017-06-30 -0.03
2017-03-31 -0.03
2016-12-31 -0.02
2016-09-30 -0.01

*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 Axcelasia will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Axcelasia's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Axcelasia's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Axcelasia'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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
Axcelasia has a total score of 0/6, 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 Axcelasia performed over the past 5 years?

  • Axcelasia's last earnings update was 191 days ago.
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 Axcelasia's growth in the last year to its industry (Professional 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.
  • Axcelasia's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Axcelasia's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Axcelasia's 1-year earnings growth is negative, it can't be compared to the Asia Professional Services industry average.
Earnings and Revenue History
Axcelasia'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 Axcelasia Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

Catalist:42U Past Revenue, Cash Flow and Net Income Data
Date (Data in MYR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 25.37 1.63 1.11
2019-03-31 25.28 1.62 1.23
2018-12-31 25.20 1.61 1.36
2018-09-30 24.65 1.64 1.43
2018-06-30 24.10 1.67 1.55
2018-03-31 23.09 0.45 1.73
2017-12-31 22.07 -0.76 1.92
2017-09-30 19.80 -2.88 2.00
2017-06-30 17.53 -5.00 2.08
2017-03-31 16.85 -4.07 1.94
2016-12-31 16.18 -3.13 1.80
2016-09-30 16.55 -0.80 1.51
2016-06-30 16.92 1.54 1.21
2016-03-31 21.11 4.70 1.09
2015-12-31 25.30 7.87 0.97
2015-09-30 23.42 7.29 0.81
2015-06-30 21.54 6.71 0.64
2015-03-31 14.92 4.15 0.59
2014-12-31 8.30 1.59 0.53
2013-12-31 5.25 0.40 0.51

*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.
  • Axcelasia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Axcelasia used its assets less efficiently than the Asia Professional Services industry average last year based on Return on Assets.
  • Axcelasia has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Axcelasia'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 Professional 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.
Axcelasia 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 Axcelasia'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 Axcelasia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Axcelasia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Axcelasia has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Axcelasia'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.
  • Low level of unsold assets.
  • Axcelasia has no debt, it does not need to be covered by short term assets.
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 Axcelasia Company Filings, last reported 7 months ago.

Catalist:42U Past Debt and Equity Data
Date (Data in MYR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 31.97 0.00 22.31
2019-03-31 31.97 0.00 22.31
2018-12-31 31.60 0.10 23.75
2018-09-30 31.60 0.10 23.75
2018-06-30 30.33 0.00 22.53
2018-03-31 30.33 0.00 22.53
2017-12-31 30.15 0.03 23.58
2017-09-30 30.15 0.00 23.58
2017-06-30 28.93 0.00 21.49
2017-03-31 28.93 0.00 21.49
2016-12-31 31.33 0.00 25.74
2016-09-30 31.33 0.00 25.74
2016-06-30 34.18 0.00 25.89
2016-03-31 34.18 0.00 25.89
2015-12-31 34.06 0.00 29.28
2015-09-30 34.06 0.00 29.28
2015-06-30 9.41 0.42 3.95
2015-03-31 9.41 0.42 3.95
2014-12-31 2.94 0.00 2.96
2013-12-31 1.75 0.00 1.50
  • Axcelasia has no debt.
  • Axcelasia currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Axcelasia has no debt, it does not need to be covered by operating cash flow.
  • Axcelasia has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Axcelasia'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. Axcelasia has a total score of 6/6, 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 Axcelasia'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
3.07%
Current annual income from Axcelasia dividends.
If you bought SGD2,000 of Axcelasia shares you are expected to receive SGD61 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?
  • Axcelasia's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.54%).
  • Axcelasia's dividend is below the markets top 25% of dividend payers in Singapore (5.72%).
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
Catalist:42U 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
Asia Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 118 Stocks 1.1%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 4.1%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

Catalist:42U Past Annualized Dividends Data
Date (Data in MYR) Dividend per share (annual) Avg. Yield (%)
2019-10-24 0.012 5.672

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

  • It is too early to tell whether Axcelasia has stable dividend payments.
  • Axcelasia only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Axcelasia's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x 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 Axcelasia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 Axcelasia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Axcelasia has a total score of 2/6, 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 Axcelasia'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
Ranjit Singh
AGE 52
TENURE AS CEO 0.6 years
CEO Bio

Mr. Ranjit Singh a/l Taram Singh is Group Chief Executive Officer of Axcelasia Inc. since July 1, 2019. He has been Managing Director of Axcelasia Laos of Axcelasia Inc. since April 20, 2017. Mr. Singh has been Executive Director of Axcelasia Inc. since August 21, 2015. Mr. Singh is responsible for overseeing Axcelasia Group's strategies and business development. He has 28 years in internal and external audit, risk management, governance and forensic accounting. He served as the Managing Director of Columbus Advisory from April 2006. He held various positions within KPMG Malaysia from June 1987 to December 2005 where, he joined as an Audit Junior and held positions including its Manager and finally as a Partner. He is Director of Axcelasia Columbus Sdn Bhd since August 21, 2015. He was seconded to KPMG Chicago as an Audit Senior and Supervisor between October 1993 to March 1995. From April 2006 to August 2015, he was Managing Director, Axcelasia Columbus Sdn Bhd. He has been Vice President of the Asian Confederation of Institute of Internal Auditors since 2015. He served as the President of the IIA Malaysia from 2013 to 2014. He has an international perspective and has led engagements in various countries and spoken at, among others, the 2011 and 2013 IIA International Conferences. He is Director of Group company Axcelasia Softnex Sdn Bhd; Group company Axcelasia HR Consulting Sdn Bhd; Group company Axcelasia Singapore Pte. Ltd.; Group company Axcelasia Vietnam Co. Ltd.; Group company Axcelasia Laos Co. Ltd.; Group company Audex Governance Sdn Bhd; Group company Institute of Internal Auditors Malaysia; non-for-profit The Institute of Internal Auditors Inc. USA; non-for-profit Rainmaker Consulting Sdn Bhd; Noble Entity (M) Sdn Bhd; Rainmaker Realty Sdn Bhd; RS Josan Group Sdn Bhd and Ranjit & Co (Dormant). He holds MBA from Heriot-Watt University, UK, is Certified Public Accountant of the Malaysian Institute of Certified Public Accountant, Certified Practising Accountant at CPA Australia, Certified Internal Auditor of The Institute of Internal Auditors Inc. USA, and Chartered Member of the Institute of Internal Auditors Malaysia.

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

Average tenure and age of the Axcelasia management team in years:

5
Average Tenure
50
Average Age
  • The average tenure for the Axcelasia management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ranjit Singh

TITLE
Group CEO & Executive Director
AGE
52
TENURE
0.6 yrs

Peter Tang

TITLE
Deputy Executive Chairman
AGE
66

Kandasamy Sivaruban

TITLE
Chief Financial Officer
AGE
42
TENURE
3.7 yrs

Sylvia Rockey

TITLE
Executive Director of HR Consulting
AGE
45
TENURE
5.2 yrs

Derek Lee

TITLE
Managing Director of Columbus
AGE
48
TENURE
5 yrs

Kenny Wong

TITLE
Managing Director of Softnex
AGE
52
TENURE
5 yrs

Seow Chai

TITLE
Managing Director of Corporate Services & Global Business Services
AGE
62
TENURE
23.7 yrs

James Wong

TITLE
Managing Director of Singapore
TENURE
3.9 yrs

Leow Lee

TITLE
Managing Director of Taxand
TENURE
3.1 yrs

Mei Cheah

TITLE
Financial Controller
AGE
44
TENURE
5.1 yrs
Board of Directors Tenure

Average tenure and age of the Axcelasia board of directors in years:

4.3
Average Tenure
59.5
Average Age
  • The tenure for the Axcelasia board of directors is about average.
Board of Directors

Veerinderjeet Singh

TITLE
Non-Independent Non-Executive Chairman
AGE
62
TENURE
4.5 yrs

Ranjit Singh

TITLE
Group CEO & Executive Director
AGE
52
TENURE
4.5 yrs

Peter Tang

TITLE
Deputy Executive Chairman
AGE
66
TENURE
0.6 yrs

See Tan

TITLE
Lead Independent Director
AGE
63
TENURE
4.3 yrs

Isharidah Ishak

TITLE
Independent Director
AGE
57
TENURE
4.3 yrs

Pih Lee

TITLE
Independent Director
AGE
52
TENURE
4.3 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 (SGD) Value (SGD)
X
Management checks
We assess Axcelasia'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. Axcelasia 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

Axcelasia Inc., an investment holding company, provides integrated professional services to public listed companies, private companies, multinational corporations, and government-linked entities in Malaysia, Singapore, Vietnam, Laos, and other countries in Asia. The company operates through Tax Advisory, Business Consultancy, EMS Application, and Business Support segments. The Tax Advisory segment offers corporate and individual tax, transfer pricing, GST and indirect tax, international tax, tax compliance, and training and knowledge management services. The Business Consultancy segment provides strategic and risk advisory, governance and compliance assessment, internal audit, business transformation, forensic accounting, human resource consultancy and executive search, business process improvement, business continuity management, and financial management services. The EMS Application segment engages in selling and licensing the Enterprises Risk Management software. The Business Support segment provides accounting and payroll, outsourcing/sharing, corporate secretarial, corporate advisory, administrative and office support, corporate finance, and financial reporting advisory services. The company also offers management consultancy and recruitment services. Axcelasia Inc. was incorporated in 2015 and is headquartered in Kuala Lumpur, Malaysia.

Details
Name: Axcelasia Inc.
42U
Exchange: Catalist
Founded: 2015
SGD20,840,339
160,310,300
Website: http://www.axcelasia.com
Address: Axcelasia Inc.
Wisma Goldhill,
Suite 13A.02,
Kuala Lumpur,
50200,
Malaysia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
Catalist 42U Ordinary Shares Singapore Exchange Catalist Market SG SGD 27. Nov 2015
Number of employees
Current staff
Staff numbers
100
Axcelasia employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/20 16:34
End of day share price update: 2020/02/20 00:00
Last earnings filing: 2019/08/13
Last earnings reported: 2019/06/30
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.