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Secura Group

Catalist:43B
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
43B
Catalist
SGD16M
Market Cap
  1. Home
  2. SG
  3. Commercial Services
Company description

Secura Group Limited, an investment holding company, provides integrated suite of security products, services, and solutions in Singapore, the Philippines, and internationally. The last earnings update was 46 days ago. More info.


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  • Secura Group has significant price volatility in the past 3 months.
43B Share Price and Events
7 Day Returns
0%
Catalist:43B
1.1%
SG Commercial Services
-4.9%
SG Market
1 Year Returns
-54%
Catalist:43B
5.2%
SG Commercial Services
-29%
SG Market
43B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Secura Group (43B) 0% -20% -18.4% -54% -75.9% -
SG Commercial Services 1.1% -9.5% 2.5% 5.2% -29.6% -39.6%
SG Market -4.9% -22.2% -27.6% -29% -29.7% -33.9%
1 Year Return vs Industry and Market
  • 43B underperformed the Commercial Services industry which returned 5.2% over the past year.
  • 43B underperformed the Market in Singapore which returned -29% over the past year.
Price Volatility
43B
Industry
5yr Volatility vs Market

43B Value

 Is Secura Group 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 Secura Group 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 Secura Group.

Catalist:43B 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 6.8%
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:43B
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 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.592 (1 + (1- 17%) (60.96%))
0.927
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.75% + (0.927 * 5.44%)
6.79%

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

The calculations below outline how an intrinsic value for Secura Group 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:43B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 6.79%)
2020 5.74 Est @ 61.92% 5.37
2021 8.25 Est @ 43.87% 7.24
2022 10.83 Est @ 31.23% 8.89
2023 13.25 Est @ 22.39% 10.19
2024 15.40 Est @ 16.2% 11.09
2025 17.23 Est @ 11.86% 11.62
2026 18.75 Est @ 8.83% 11.84
2027 20.01 Est @ 6.71% 11.83
2028 21.05 Est @ 5.22% 11.65
2029 21.93 Est @ 4.18% 11.37
Present value of next 10 years cash flows SGD101.00
Catalist:43B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SGD21.93 × (1 + 1.75%) ÷ (6.79% – 1.75%)
SGD442.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD442.57 ÷ (1 + 6.79%)10
SGD229.40
Catalist:43B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD101.00 + SGD229.40
SGD330.40
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD330.40 / 400.00
SGD0.83
Catalist:43B Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD0.83
Current discount Discount to share price of SGD0.04
= -1 x (SGD0.04 - SGD0.83) / SGD0.83
95.2%

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

Current Discount
Amount off the current price Secura Group is available for.
Intrinsic value
>50%
Share price is SGD0.04 vs Future cash flow value of SGD0.826
Current Discount Checks
For Secura Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Secura Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Secura Group'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 Secura Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Secura Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
Catalist:43B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SGD SGD0.00
Catalist:43B Share Price ** Catalist (2020-04-03) in SGD SGD0.04
Singapore Commercial Services Industry PE Ratio Median Figure of 15 Publicly-Listed Commercial Services Companies 11.33x
Singapore Market PE Ratio Median Figure of 389 Publicly-Listed Companies 10.09x

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

** Primary Listing of Secura Group.

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

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

= 0.04 ÷ 0.00

43.76x

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

  • Secura Group is overvalued based on earnings compared to the SG Commercial Services industry average.
  • Secura Group is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does Secura Group's expected growth come at a high price?
Raw Data
Catalist:43B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 43.76x
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 76 Publicly-Listed Commercial Services Companies 1.23x
Singapore Market PEG Ratio Median Figure of 128 Publicly-Listed Companies 0.95x

*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 Secura Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Secura Group's assets?
Raw Data
Catalist:43B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SGD SGD0.11
Catalist:43B Share Price * Catalist (2020-04-03) in SGD SGD0.04
Singapore Commercial Services Industry PB Ratio Median Figure of 25 Publicly-Listed Commercial Services Companies 0.8x
Singapore Market PB Ratio Median Figure of 614 Publicly-Listed Companies 0.59x
Catalist:43B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.04 ÷ 0.11

0.35x

* Primary Listing of Secura Group.

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

  • Secura Group is good value based on assets compared to the SG Commercial Services industry average.
X
Value checks
We assess Secura Group'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. Secura Group 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.

43B Future Performance

 How is Secura Group 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 Secura Group 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
17.7%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Secura Group expected to grow at an attractive rate?
  • Unable to compare Secura Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Secura Group's earnings growth to the Singapore market average as no estimate data is available.
  • Unable to compare Secura Group's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
Catalist:43B Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 17.7%
Asia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 12.6%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 4.8%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:43B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:43B Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
Catalist:43B Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-12-31 39 5 0
2019-09-30 39 4 1
2019-06-30 39 4 1
2019-03-31 41 2 2
2018-12-31 41 2 2
2018-09-30 43 5 0
2018-06-30 43 2 0
2018-03-31 42 3 -1
2017-12-31 42 1 -2
2017-09-30 40 1 0
2017-06-30 39 2 0
2017-03-31 37 1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Secura Group is high growth as no earnings estimate data is available.
  • Unable to determine if Secura Group 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:43B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

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

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

Next steps:

  1. Examine whether Secura Group is trading at Secura Group'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. Secura Group'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 Secura Group'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.
Secura Group 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.

43B Past Performance

  How has Secura Group 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 Secura Group'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.
  • Secura Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Secura Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Secura Group's 1-year earnings growth is negative, it can't be compared to the SG Commercial Services industry average.
Earnings and Revenue History
Secura Group'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 Secura Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

Catalist:43B 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 38.70 0.37 6.74
2019-09-30 39.11 0.67 6.89
2019-06-30 39.45 0.93 6.81
2019-03-31 41.06 1.75 6.81
2018-12-31 41.23 1.87 6.83
2018-09-30 42.79 0.11 7.37
2018-06-30 42.99 -0.33 7.99
2018-03-31 42.42 -0.96 8.71
2017-12-31 41.57 -1.78 9.54
2017-09-30 40.16 0.17 9.46
2017-06-30 38.93 0.34 9.16
2017-03-31 36.92 0.44 8.69
2016-12-31 36.06 0.85 7.56
2016-09-30 31.72 0.21 6.36
2016-06-30 28.04 0.96 5.19
2016-03-31 24.36 1.37 4.07
2015-12-31 20.52 1.72 3.59
2015-09-30 19.71 2.07 3.28
2015-06-30 18.87 1.16 3.21
2015-03-31 17.48 1.01 3.07
2014-12-31 16.27 0.84 2.94
2013-12-31 9.09 0.56 1.78

*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.
  • Secura Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Secura Group used its assets less efficiently than the SG Commercial Services industry average last year based on Return on Assets.
  • Secura Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Secura Group'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.
Secura Group has a total score of 0/6, see the detailed checks below.

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

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

43B Health

 How is Secura Group'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 Secura Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Secura Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Secura Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Secura Group'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 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 Secura Group Company Filings, last reported 3 months ago.

Catalist:43B Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 45.19 8.57 14.48
2019-09-30 45.37 8.73 14.00
2019-06-30 45.10 10.40 14.05
2019-03-31 46.52 10.57 14.35
2018-12-31 46.08 10.75 13.92
2018-09-30 45.87 10.93 12.05
2018-06-30 45.30 11.11 10.84
2018-03-31 44.69 11.29 11.17
2017-12-31 44.21 11.47 9.91
2017-09-30 45.98 11.69 9.05
2017-06-30 45.88 11.83 9.89
2017-03-31 47.24 12.01 18.17
2016-12-31 47.33 12.22 20.14
2016-09-30 45.21 12.38 19.36
2016-06-30 44.69 0.00 23.12
2016-03-31 45.72 0.00 26.94
2015-12-31 2.87 3.00 2.02
2015-09-30
2015-06-30 2.11 0.00 2.23
2015-03-31 1.15 3.00 1.33
2014-12-31 1.15 3.00 1.33
2013-12-31 0.31 2.50 0.82
  • Secura Group's level of debt (19%) 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 (261.6% vs 19% today).
  • Debt is well covered by operating cash flow (53.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
X
Financial health checks
We assess Secura Group'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. Secura Group 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.

43B Dividends

 What is Secura Group'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 Secura Group dividends.
If you bought SGD2,000 of Secura Group 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 Secura Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Secura Group'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:43B 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 317 Stocks 5.7%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.8%
Singapore Bottom 25% Dividend Yield 25th Percentile 3.3%
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:43B Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
Catalist:43B Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2020-02-19 0.000 0.000
2019-04-29 0.003 5.604
2018-11-01 0.000 0.000
2018-08-01 0.000 0.000
2018-04-12 0.000 0.000
2018-04-09 0.000 0.000
2018-02-22 0.000 0.000
2017-04-11 0.003 2.781
2017-02-23 0.003 1.648
2016-03-08 0.003 1.596

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

  • Unable to perform a dividend volatility check as Secura Group has not reported any payouts.
  • Unable to verify if Secura Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Secura Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Secura Group 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 Secura Group'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 Secura Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Secura Group 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.

43B Management

 What is the CEO of Secura Group'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
Barry Kan
AGE 64
TENURE AS CEO 1.2 years
CEO Bio

Mr. Kheong Ng Kan, also known as Barry, has been Chief Executive Officer and Executive Director of Secura Group Ltd., since February 1, 2019. Mr. Kan served as Chief Executive Officer of Fastrack Iskandar Sdn Bhd. Mr. Kan served as an Executive Director of Fastrack Autosports (Iskandar) Pte. Ltd. He joined Fastrack Autosports (Iskandar) Pte Ltd to conceptualise and execute the project, in partnership with UEW Sunrise Berhad and spearheaded the conceptualisation and planning of a development project in the Iskandar Development Region, Malaysia. He is a veteran of almost 30 years in the automotive industry with rich and vast experience in managing various illustrious global brands during his career with renowned regional dealership, Wearnes Automotive, headquartered in Singapore. Prior to that, he was with the Port Authority of Singapore for 7 years. He served as General Manager of Malayan Motors at Wearnes International (1994) Limited since 1993. He was also responsible for the introduction of some of the brands into new territories such as Brunei, Indonesia, Taiwan and Thailand. In addition to the strategic management of the business, he took personal interest in Customer Relationship Management and Aftersales operations, which resulted in a high level of clientele retention for the luxury automotive brands. Promoted to Managing Director of the Prestige Division of Wearnes Automotive, he was instrumental in the acquisition of new brands which included Bugatti, Land Rover and McLaren. He was also the key representative for the high-society clientele which included the Captains of Industry as well as esteemed members of Royal families within the region. He has been Executive Director of TMC Life Sciences Berhad since February 1, 2019 and served as its Non Independent & Non Executive Director since June 2, 2015 until February 1, 2019. He graduated from the Singapore Polytechnic with a Diploma in Mechanical Engineering and has a Bachelor of Business Administration degree from RMIT, Melbourne.

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

Average tenure and age of the Secura Group management team in years:

2.3
Average Tenure
53
Average Age
  • The tenure for the Secura Group management team is about average.
Management Team

Siok Lim

TITLE
CFO, GM of Security Printing - Covering & Executive Director
AGE
53

Barry Kan

TITLE
CEO & Executive Director
AGE
64
TENURE
1.2 yrs

Kelvin Goh

TITLE
Managing Director of Security Guarding
AGE
41
TENURE
2.3 yrs

Hong Yow

TITLE
Chief Representative of the Laos RO
TENURE
2.7 yrs

Jeganathan Ramasamy

TITLE
Managing Director of Security Technologies
TENURE
2.3 yrs

May Ngiam

TITLE
Company Secretary
TENURE
3.9 yrs
Board of Directors Tenure

Average tenure and age of the Secura Group board of directors in years:

4.5
Average Tenure
61.5
Average Age
  • The tenure for the Secura Group board of directors is about average.
Board of Directors

Tat Ho

TITLE
Independent Chairman
AGE
76

Siok Lim

TITLE
CFO, GM of Security Printing - Covering & Executive Director
AGE
53
TENURE
4.5 yrs

Barry Kan

TITLE
CEO & Executive Director
AGE
64
TENURE
1.2 yrs

Gary Ho

TITLE
Independent Director
AGE
64
TENURE
4.5 yrs

Pang Ong

TITLE
Independent Director
AGE
59
TENURE
4.5 yrs

Christina Teo

TITLE
Independent Director
AGE
45
TENURE
1.2 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 Secura Group'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. Secura Group 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.

43B News

Simply Wall St News

43B Company Info

Description

Secura Group Limited, an investment holding company, provides integrated suite of security products, services, and solutions in Singapore, the Philippines, and internationally. It operates through Security Printing; Security Guarding; Cyber Security; Homeland Security and Digital Forensic; and System Integration, Security Consultancy and Security Training segments. The company offers cyber security consultancy, products, and services; virtual patrolling, guards-on-demand, quality assurance and supervisor-as-a-service, fleet/resource tracking as-a-service, video forensic service, mass communication service, robot-as-a-service, UAV-as-a-service, mobility devices, central alarm monitoring-as-a-service, and post analytics systems; and unarmed and manned security guarding services for commercial premises, data centers, embassies, hotels, schools, hospitals, government buildings, industrial premises, and residential properties. It also distributes homeland security products; and a suite of security systems solutions and services, as well as provides turnkey solutions and maintenance services. In addition, the company prints bank cheques other banking documents, carpark coupons, postage stamps, vouchers, licenses, certificates, statements, computerized forms, and pressure seal forms; security consulting, risk assessment, tender management, and project management solutions to customers in the private and public sectors; executive protection and events security services for VIPs, embassies, and events management companies; and training services. It serves customers in various industries, including multinational corporations, financial institutions, and government agencies. The company was incorporated in 2015 and is based in Singapore.

Details
Name: Secura Group Limited
43B
Exchange: Catalist
Founded: 2015
SGD16,000,080
400,002,000
Website: http://www.securagroup.com.sg
Address: Secura Group Limited
Secura Building,
38 Alexandra Terrace,
Singapore,
119932,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
Catalist 43B Ordinary Shares Singapore Exchange Catalist Market SG SGD 28. Jan 2016
Number of employees
Current staff
Staff numbers
0
Secura Group employees.
Industry
Security and Alarm Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 15:52
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2019/02/21
Last earnings filing: 2020/02/18
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.