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GS Holdings

Catalist:43A
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
43A
Catalist
SGD78M
Market Cap
  1. Home
  2. SG
  3. Commercial Services
Company description

GS Holdings Limited, an investment holding company, provides commercial dishware washing and cleaning services in Singapore. The last earnings update was 31 days ago. More info.


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  • GS Holdings has significant price volatility in the past 3 months.
43A Share Price and Events
7 Day Returns
0%
Catalist:43A
-2.6%
SG Commercial Services
4.9%
SG Market
1 Year Returns
75%
Catalist:43A
7.8%
SG Commercial Services
-23.8%
SG Market
43A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GS Holdings (43A) 0% -36.8% -42.9% 75% 40% -
SG Commercial Services -2.6% -12.7% 3.1% 7.8% -30% -37.1%
SG Market 4.9% -20.2% -23.5% -23.8% -25.9% -29.8%
1 Year Return vs Industry and Market
  • 43A outperformed the Commercial Services industry which returned 7.8% over the past year.
  • 43A outperformed the Market in Singapore which returned -23.8% over the past year.
Price Volatility
43A
Industry
5yr Volatility vs Market

Value

 Is GS 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
Here we compare the current share price of GS Holdings 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 GS Holdings.

Catalist:43A 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 6.1%
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:43A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.603 (1 + (1- 17%) (6.13%))
0.755
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.75% + (0.8 * 5.44%)
6.1%

Discounted Cash Flow Calculation for Catalist:43A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for GS Holdings 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:43A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 6.1%)
2020 9.38 Est @ 97.97% 8.84
2021 15.87 Est @ 69.11% 14.10
2022 23.63 Est @ 48.9% 19.78
2023 31.84 Est @ 34.75% 25.12
2024 39.75 Est @ 24.85% 29.56
2025 46.88 Est @ 17.92% 32.86
2026 53.01 Est @ 13.07% 35.01
2027 58.13 Est @ 9.67% 36.19
2028 62.38 Est @ 7.3% 36.60
2029 65.89 Est @ 5.63% 36.44
Present value of next 10 years cash flows SGD274.00
Catalist:43A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SGD65.89 × (1 + 1.75%) ÷ (6.1% – 1.75%)
SGD1,540.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD1,540.48 ÷ (1 + 6.1%)10
SGD851.96
Catalist:43A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD274.00 + SGD851.96
SGD1,125.96
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD1,125.96 / 184.99
SGD6.09
Catalist:43A Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD6.09
Current discount Discount to share price of SGD0.42
= -1 x (SGD0.42 - SGD6.09) / SGD6.09
93.1%

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

Current Discount
Amount off the current price GS Holdings is available for.
Intrinsic value
>50%
Share price is SGD0.42 vs Future cash flow value of SGD6.09
Current Discount Checks
For GS Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • GS Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • GS Holdings'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 GS Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GS Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
Catalist:43A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SGD SGD0.10
Catalist:43A Share Price ** Catalist (2020-03-27) in SGD SGD0.42
Singapore Commercial Services Industry PE Ratio Median Figure of 15 Publicly-Listed Commercial Services Companies 10.64x
Singapore Market PE Ratio Median Figure of 389 Publicly-Listed Companies 10.22x

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

** Primary Listing of GS Holdings.

Catalist:43A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= Catalist:43A Share Price ÷ EPS (both in SGD)

= 0.42 ÷ 0.10

4.35x

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

  • GS Holdings is good value based on earnings compared to the SG Commercial Services industry average.
  • GS Holdings is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does GS Holdings's expected growth come at a high price?
Raw Data
Catalist:43A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Commercial Services Industry PEG Ratio Median Figure of 78 Publicly-Listed Commercial Services Companies 1.22x
Singapore Market PEG Ratio Median Figure of 128 Publicly-Listed Companies 1.08x

*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 GS Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GS Holdings's assets?
Raw Data
Catalist:43A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SGD SGD0.15
Catalist:43A Share Price * Catalist (2020-03-27) in SGD SGD0.42
Singapore Commercial Services Industry PB Ratio Median Figure of 25 Publicly-Listed Commercial Services Companies 0.73x
Singapore Market PB Ratio Median Figure of 614 Publicly-Listed Companies 0.58x
Catalist:43A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= Catalist:43A Share Price ÷ Book Value per Share (both in SGD)

= 0.42 ÷ 0.15

2.87x

* Primary Listing of GS Holdings.

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

  • GS Holdings is overvalued based on assets compared to the SG Commercial Services industry average.
X
Value checks
We assess GS 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 Commercial 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. GS Holdings has a total score of 4/6, 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 GS Holdings 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 GS Holdings 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
17.5%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GS Holdings expected to grow at an attractive rate?
  • Unable to compare GS Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare GS Holdings's earnings growth to the Singapore market average as no estimate data is available.
  • Unable to compare GS Holdings's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
Catalist:43A Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 17.5%
Asia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 12.2%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:43A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months 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.
Catalist:43A Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
Catalist:43A Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-12-31 36 5 16
2019-06-30 19 1 3
2019-03-31 14 1 0
2018-12-31 8 1 -4
2018-09-30 9 0 -3
2018-06-30 10 0 -3
2018-03-31 10 -1 -4
2017-12-31 10 -2 -4
2017-09-30 10 -3 -4
2017-06-30 10 -4 -4
2017-03-31 9 -3 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if GS Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if GS Holdings 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:43A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from GS Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

Catalist:43A Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
Catalist:43A Past Financials Data
Date (Data in SGD Millions) EPS *
2019-12-31 0.10
2019-06-30 0.02
2019-03-31 0.00
2018-12-31 -0.03
2018-09-30 -0.03
2018-06-30 -0.02
2018-03-31 -0.03
2017-12-31 -0.03
2017-09-30 -0.03
2017-06-30 -0.03
2017-03-31 -0.02

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

Next steps:

  1. Examine whether GS Holdings is trading at GS Holdings'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. GS Holdings'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 GS 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 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.
GS Holdings 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 GS 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 GS Holdings's growth in the last year to its industry (Commercial 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.
  • GS Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • GS Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • GS Holdings has become profitable in the last year making it difficult to compare the SG Commercial Services industry average.
Earnings and Revenue History
GS 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 GS Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

Catalist:43A Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 35.68 16.49 3.22
2019-06-30 19.23 3.17 3.78
2019-03-31 13.84 -0.19 3.57
2018-12-31 8.45 -3.55 3.37
2018-09-30 9.29 -3.42 3.37
2018-06-30 10.13 -3.28 3.37
2018-03-31 10.02 -3.56 3.51
2017-12-31 9.92 -3.85 3.64
2017-09-30 9.77 -3.97 3.48
2017-06-30 9.63 -4.09 3.53
2017-03-31 9.41 -3.00 3.55
2016-12-31 9.20 -1.91 3.57
2016-09-30 8.22 -1.80 3.81
2016-06-30 7.24 -1.69 4.04
2016-03-31 6.75 -1.92 3.64
2015-12-31 6.26 -2.16 3.25
2015-09-30 5.48 -1.60 2.48
2015-06-30 4.70 -1.03 1.71
2015-03-31 3.58 -1.17 1.37
2014-12-31 2.45 -1.31 1.03
2013-12-31 3.38 -1.04 0.55

*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.
  • GS Holdings made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • GS Holdings used its assets more efficiently than the SG Commercial Services industry average last year based on Return on Assets.
  • GS Holdings has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess GS 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 Commercial 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.
GS Holdings has a total score of 4/6, 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 GS 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 GS Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GS Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GS Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of GS 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 18.3x 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 GS Holdings Company Filings, last reported 2 months ago.

Catalist:43A Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 32.03 2.32 5.61
2019-06-30 19.01 10.43 4.02
2019-03-31 19.01 10.43 4.02
2018-12-31 0.54 11.78 1.48
2018-09-30 0.54 11.78 1.48
2018-06-30 1.85 14.51 0.48
2018-03-31 1.85 14.51 0.48
2017-12-31 3.08 13.13 0.93
2017-09-30 3.08 13.13 0.93
2017-06-30 5.13 12.32 1.24
2017-03-31 5.13 12.32 1.24
2016-12-31 6.96 11.61 1.31
2016-09-30 6.96 11.61 1.31
2016-06-30 9.26 12.76 5.05
2016-03-31 9.26 12.76 5.05
2015-12-31 1.07 12.52 1.34
2015-09-30 1.07 12.52 1.34
2015-06-30 8.49 6.42 2.41
2015-03-31 8.49 6.42 2.41
2014-12-31 8.60 3.40 5.00
2013-12-31 2.94 4.23 2.04
  • GS Holdings's level of debt (7.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (40% vs 7.2% today).
  • Debt is well covered by operating cash flow (227.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.9x coverage).
X
Financial health checks
We assess GS 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. GS Holdings 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 GS 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 GS Holdings dividends.
If you bought SGD2,000 of GS Holdings shares you are expected to receive SGD0 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 GS Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate GS 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
Catalist:43A 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
Singapore Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.5%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 5.4%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.8%
Singapore Bottom 25% Dividend Yield 25th Percentile 3.2%
Singapore Top 25% Dividend Yield 75th Percentile 7.1%

Industry and Market average data is calculated daily.

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

Catalist:43A Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as GS Holdings has not reported any payouts.
  • Unable to verify if GS Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of GS Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as GS Holdings has not reported any payouts.
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 GS Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - 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 GS Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GS 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 GS 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
Pok Pang
AGE 62
CEO Bio

Mr. Pok Pang served as Executive Chairman at GS Holdings Limited until January 1, 2020 and serves as Chief Executive Officer. Mr. Pang serves as Executive Director of GS Holdings Limited. Mr. Pang is responsible for GS Holdings Limited's overall management, including overseeing its operations, setting directions for new growth areas and developing business strategies. He has been instrumental in GS Holdings Limited's growth, having founded four out of the five of its Group's companies, including Greatsolutions in 2012. Mr. Pang has experience in the F&B industry and has led the expansion and innovation of its business and operations. He served as a Director on the board of directors of Hawkerway since 1999. He serves as Assistant Treasurer of the Hainan Business Club, Honorary Deputy Treasurer of the Yuying Secondary School Management Committee, Vice Chairman of the Qinghai Association (Singapore) and Vice President of the Guang Wu Club. Mr. Pang was awarded the Public Service Medal by the Singapore President's Office in 2011 and the Long Service Award by the People's Association in 2013. Mr. Pang was Director in Yogurt Place Pte Ltd, D Chuan Pte. Ltd. Mr. Pang is holding Directorships in GS Cleaning Services Pte., GS Equipment Supply Pte. Ltd., GS Hospitality Services Pte. Ltd, S Stewarding Services Pte. Ltd., Hao Kou Wei Food Group Pte. Ltd., Hao Kou Wei Pte. Ltd., Raffles Brands. Pte. Ltd., Raffles Coffee Pte. Ltd., Wish Hospitality Holdings Pte Ltd., Raffles Brands Management (Shanghai) Co. Ltd., Wish Health Management (Shanghai) Co. Ltd., Hao Kou Wei (Shanghai) Food and Beverage Management Co. Ltd., GS Capital Pte. Ltd., Bartley Kopi Pte. Ltd., Yuying Secondary School Limited.

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

Average tenure of the GS Holdings management team in years:

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

Pok Pang

TITLE
CEO & Executive Director
AGE
62

Paw Chong

TITLE
Chief Financial Officer
AGE
52
TENURE
1 yrs

Yiling Pang

TITLE
Director of Operations
TENURE
1.8 yrs

Le Jing Ong

TITLE
Company Secretary
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the GS Holdings board of directors in years:

0.8
Average Tenure
46.5
Average Age
  • The average tenure for the GS Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Rongxuan Zhang

TITLE
Non-Independent & Non-Executive Chairman
AGE
50
TENURE
0.2 yrs

Pok Pang

TITLE
CEO & Executive Director
AGE
62

Eng Wee Chong

TITLE
Lead Independent Director
AGE
39

Changsheng Liu

TITLE
Non-Independent & Non-Executive Director
AGE
43
TENURE
1.2 yrs

Irwin Lim

TITLE
Independent Director
AGE
53
TENURE
0.8 yrs

Chun Kit Chan

TITLE
Independent Non-Executive Director
AGE
36
TENURE
0.8 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)
08. Jul 19 Sell Pok Pang Individual 05. Jul 19 05. Jul 19 -18,000,000 SGD0.25 SGD-4,499,992
X
Management checks
We assess GS 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. GS 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

GS Holdings Limited, an investment holding company, provides commercial dishware washing and cleaning services in Singapore. The company offers on-site cleaning and stewarding services; centralized dishware washing services; and cleaning and dishware washing consultancy services, as well as sells dishware washing related equipment and consumables. It is also involved in letting and operating of food courts, coffee shops, and eating houses; the provision of landscape care and maintenance services; the rental of equipment/machinery and tangible goods; and undertaking the installation of dishwashing machines and other equipment; mechanical engineering works. In addition, the company repairs, services, and maintains dishwashing machines and other equipment. It serves shopping malls, food courts, coffee shops, restaurants, and hawker centers, as well as a public tertiary hospital. GS Holdings Limited was incorporated in 2014 and is based in Singapore.

Details
Name: GS Holdings Limited
43A
Exchange: Catalist
Founded: 2014
SGD77,697,169
184,993,260
Website: http://www.gsholdings.com.sg
Address: GS Holdings Limited
8 Loyang Way 4,
Singapore,
507604,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
Catalist 43A Ordinary Shares Singapore Exchange Catalist Market SG SGD 18. Jan 2016
Number of employees
Current staff
Staff numbers
0
GS Holdings employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 16:38
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2019/02/26
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.