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Halcyon Agri

SGX:5VJ
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5VJ
SGX
SGD718M
Market Cap
  1. Home
  2. SG
  3. Commercial Services
Company description

Halcyon Agri Corporation Limited, an investment holding company, originates, produces, and distributes natural rubber products in Singapore, China, the United States, Canada, Europe, rest of Asia, and internationally. The last earnings update was 75 days ago. More info.


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5VJ Share Price and Events
7 Day Returns
1.1%
SGX:5VJ
-1.4%
SG Commercial Services
-1.4%
SG Market
1 Year Returns
1.1%
SGX:5VJ
22.6%
SG Commercial Services
0.8%
SG Market
5VJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Halcyon Agri (5VJ) 1.1% 1.1% 1.1% 1.1% -35% -17.3%
SG Commercial Services -1.4% 1.8% 22.9% 22.6% -18.4% -25.3%
SG Market -1.4% 0.3% 1.8% 0.8% 1.6% -7.7%
1 Year Return vs Industry and Market
  • 5VJ underperformed the Commercial Services industry which returned 22.6% over the past year.
  • 5VJ matched the Singapore Market (0.8%) over the past year.
Price Volatility
5VJ
Industry
5yr Volatility vs Market

Value

 Is Halcyon Agri undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Halcyon Agri. This is due to cash flow or dividend data being unavailable. The share price is SGD0.455.
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 Halcyon Agri's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Halcyon Agri's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:5VJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.02
SGX:5VJ Share Price ** SGX (2020-01-28) in SGD SGD0.46
SGX:5VJ Share Price converted to USD reporting currency Exchange rate (SGD/ USD) 0.737 $0.34
Singapore Commercial Services Industry PE Ratio Median Figure of 12 Publicly-Listed Commercial Services Companies 17.96x
Singapore Market PE Ratio Median Figure of 378 Publicly-Listed Companies 13.43x

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

** Primary Listing of Halcyon Agri.

SGX:5VJ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:5VJ Share Price ÷ EPS (both in USD)

= 0.34 ÷ -0.02

-20.22x

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

  • Halcyon Agri is loss making, we can't compare its value to the SG Commercial Services industry average.
  • Halcyon Agri is loss making, we can't compare the value of its earnings to the Singapore market.
Price based on expected Growth
Does Halcyon Agri's expected growth come at a high price?
Raw Data
SGX:5VJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -20.22x
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 82 Publicly-Listed Commercial Services Companies 1.51x
Singapore Market PEG Ratio Median Figure of 125 Publicly-Listed Companies 1.13x

*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 Halcyon Agri, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Halcyon Agri's assets?
Raw Data
SGX:5VJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $0.33
SGX:5VJ Share Price * SGX (2020-01-28) in SGD SGD0.46
SGX:5VJ Share Price converted to USD reporting currency Exchange rate (SGD/ USD) 0.737 $0.34
Singapore Commercial Services Industry PB Ratio Median Figure of 24 Publicly-Listed Commercial Services Companies 1.07x
Singapore Market PB Ratio Median Figure of 603 Publicly-Listed Companies 0.77x
SGX:5VJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:5VJ Share Price ÷ Book Value per Share (both in USD)

= 0.34 ÷ 0.33

1.01x

* Primary Listing of Halcyon Agri.

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

  • Halcyon Agri is good value based on assets compared to the SG Commercial Services industry average.
X
Value checks
We assess Halcyon Agri'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. Halcyon Agri has a total score of 1/6, 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 Halcyon Agri 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 Halcyon Agri 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%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Halcyon Agri expected to grow at an attractive rate?
  • Unable to compare Halcyon Agri's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Halcyon Agri's earnings growth to the Singapore market average as no estimate data is available.
  • Unable to compare Halcyon Agri's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:5VJ Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 16%
Asia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 11.6%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 6%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 5.3%

*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
SGX:5VJ 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 USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:5VJ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 1,963 23 -26
2019-06-30 2,003 14 -9
2019-03-31 2,065 -4 -15
2018-12-31 2,141 -53 -8
2018-09-30 2,115 -46 10
2018-06-30 2,076 -32 16
2018-03-31 2,076 8 21
2017-12-31 2,158 -43 31
2017-09-30 2,048 -146 96
2017-06-30 1,721 -173 77
2017-03-31 1,346 -216 67
2016-12-31 970 -50 49

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Halcyon Agri is high growth as no earnings estimate data is available.
  • Unable to determine if Halcyon Agri 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
SGX:5VJ 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 Halcyon Agri Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:5VJ Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.02
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 0.01
2017-12-31 0.02
2017-09-30 0.06
2017-06-30 0.06
2017-03-31 0.06
2016-12-31 0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Halcyon Agri will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 5VJ’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Halcyon Agri'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. Halcyon Agri's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Halcyon Agri'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.
Halcyon Agri 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 Halcyon Agri 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 Halcyon Agri'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.
  • Halcyon Agri does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Halcyon Agri's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Halcyon Agri's 1-year growth to the SG Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
Halcyon Agri'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 Halcyon Agri Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:5VJ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,963.26 -26.37 126.69
2019-06-30 2,003.10 -9.05 125.51
2019-03-31 2,065.08 -15.44 126.26
2018-12-31 2,141.03 -8.48 124.92
2018-09-30 2,115.12 10.33 129.19
2018-06-30 2,075.97 15.76 130.04
2018-03-31 2,075.78 21.43 130.20
2017-12-31 2,158.38 31.03 128.14
2017-09-30 2,047.52 95.80 110.32
2017-06-30 1,720.86 76.53 88.00
2017-03-31 1,345.53 66.98 63.67
2016-12-31 970.48 49.49 48.20
2016-09-30 782.38 -24.44 34.48
2016-06-30 869.88 -12.29 34.30
2016-03-31 969.59 -1.06 34.23
2015-12-31 994.71 6.81 27.89
2015-09-30 1,068.90 6.34 26.32
2015-06-30 907.96 -5.94 20.97
2015-03-31 646.85 -8.55 14.54
2014-12-31 479.25 -9.43 11.79
2014-09-30 245.16 -9.90 9.71
2014-06-30 178.85 5.87 8.76
2014-03-31 195.62 7.91 8.59
2013-12-31 204.97 9.09 8.12
2013-09-30 195.87 8.56 8.39
2013-06-30 204.48 8.25 7.98
2013-03-31 220.00 10.40 7.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Halcyon Agri has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Halcyon Agri used its assets less efficiently than the SG Commercial Services industry average last year based on Return on Assets.
  • It is difficult to establish if Halcyon Agri improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Halcyon Agri'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.
Halcyon Agri has a total score of 0/6, see the detailed checks below.

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

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

Health

 How is Halcyon Agri'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 Halcyon Agri's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Halcyon Agri is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Halcyon Agri's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Halcyon Agri's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x 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 Halcyon Agri Company Filings, last reported 3 months ago.

SGX:5VJ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 557.35 1,072.63 84.58
2019-06-30 587.25 1,112.48 107.69
2019-03-31 585.44 1,198.13 191.88
2018-12-31 735.89 912.04 142.92
2018-09-30 751.44 901.65 125.94
2018-06-30 769.88 909.06 136.14
2018-03-31 828.80 824.26 164.50
2017-12-31 833.16 610.51 173.08
2017-09-30 871.14 736.26 104.89
2017-06-30 836.52 867.70 225.85
2017-03-31 674.11 868.91 65.56
2016-12-31 622.08 705.02 85.36
2016-09-30 338.92 446.03 48.98
2016-06-30 118.27 460.99 66.69
2016-03-31 127.45 461.83 71.49
2015-12-31 125.13 462.02 74.24
2015-09-30 116.67 448.17 57.18
2015-06-30 145.65 475.65 56.09
2015-03-31 148.20 421.89 54.63
2014-12-31 160.53 396.75 82.10
2014-09-30 166.95 412.74 117.58
2014-06-30 94.39 42.98 29.98
2014-03-31 97.48 24.54 22.86
2013-12-31 80.27 21.14 53.59
2013-09-30 57.19 29.74 30.53
2013-06-30 56.14 26.17 28.83
2013-03-31 39.93 31.67 17.86
  • Halcyon Agri's level of debt (192.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (247.2% vs 192.5% today).
  • Debt is not well covered by operating cash flow (2.2%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Halcyon Agri's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Halcyon Agri'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. Halcyon Agri has a total score of 3/6, 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 Halcyon Agri'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 Halcyon Agri dividends.
If you bought SGD2,000 of Halcyon Agri 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 Halcyon Agri's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Halcyon Agri'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
SGX:5VJ 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 7 Stocks 2.4%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 312 Stocks 4%
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 5.5%

Industry and Market average data is calculated daily.

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

SGX:5VJ Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-14 0.000 0.000
2019-08-13 0.000 0.000
2019-05-08 0.000 0.000
2019-04-08 0.000 0.000
2019-02-28 0.000 0.000
2018-04-06 0.007 2.063
2018-02-26 0.008 1.672
2015-11-04 0.000 0.000
2015-08-05 0.000 0.000
2015-05-15 0.000 0.000
2015-04-08 0.000 0.000
2015-02-16 0.000 0.000
2014-04-07 0.007 1.406
2013-03-01 0.008 1.463

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

  • Unable to perform a dividend volatility check as Halcyon Agri has not reported any payouts.
  • Unable to verify if Halcyon Agri's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Halcyon Agri's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Halcyon Agri 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 Halcyon Agri'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 Halcyon Agri afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Halcyon Agri 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 Halcyon Agri'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
Robert Meyer
COMPENSATION $900,000
AGE 45
TENURE AS CEO 9.5 years
CEO Bio

Mr. Robert Gunther Meyer serves as the Chief Executive Officer at Corrie MacColl Limited. He is the Founder of Halcyon Energy Corporation Pte. Ltd. and serves as its Managing Director of Strategic Development. Mr. Meyer served as the Chief Executive Officer of Halcyon Investment Corporation Pte Ltd, a holding company of Jebsen & Jessen Offshore Pte Ltd. He serves as the Chief Executive Officer of Halcyon Agri Corporation Limited and served as its Executive Chairman. He is an in charge of formulating and executing the strategic business development. He has contributed significantly to the Halcyon Group's development and charted its corporate direction together with his co-founders and management team. He has been responsible for charting Halcyon's strategic direction and growth since 2010. His responsibilities include overseeing the core aspects of Halcyon's business such as its rubber processing operations and sales and marketing operations. He served as Executive Chairman of NH Ceramics Ltd from May 17, 2012 to June 2013. He has been an Executive Director of Halcyon Agri Corporation Limited since July 8, 2010. He has been a Non-Executive Director at NH Ceramics Ltd., since April 2012. He serves as a Director of Halcyon Investment Corporation Pte Ltd., Halcyon Energy Corporation Pte Ltd., Halcyon Agri Corporation Pte Ltd., Halcyon Agri Resources Pte Ltd., Halcyon Plantations Pte Ltd., Hevea Global Pte Ltd., Hevea Processing Pte Ltd., Halcyon Offshore Pte Ltd., Jack Tat Engineering Pte Ltd., Jack Tat Corporation Pte Ltd., Cables International Pte Ltd., Halcyon Investments Pte Ltd., Nut Hill Capital Pte Ltd. Lloyd Holdings Pte Ltd., 6t9 Collection Pte Ltd., and Nut Hill Investments Ltd. He served as a Non-Executive Director at Nv Siat sa from June 29, 2017 to November 9, 2017. He served as a Director of Kingfisher Automotive Pte Ltd. from 1999 to December 2004, GRM Technologies Pte Ltd., Liqui Moly Asia Pacific Pte Ltd., Bearings & Brakes Automotive Pte Ltd., Kingfisher Information Networks Pte Ltd., Kingfisher Industries Pte Ltd., and Pitstop Motors Pte Ltd. Mr. Meyer graduated with a Bachelor of Arts (Diplom-Betriebswirt) from the European Business School (Schloss Reichartshausen) in Oestrich-Winkel, Germany in 1999.

CEO Compensation
  • Robert's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Robert's remuneration is about average for companies of similar size in Singapore.
Management Team Tenure

Average tenure and age of the Halcyon Agri management team in years:

4.8
Average Tenure
49
Average Age
  • The tenure for the Halcyon Agri management team is about average.
Management Team

Robert Meyer

TITLE
CEO & Executive Director
COMPENSATION
$900K
AGE
45
TENURE
9.5 yrs

Pascal Demierre Guy

TITLE
Executive Director
COMPENSATION
$660K
AGE
45
TENURE
10 yrs

Andrew Trevatt

TITLE
Co-Founder
AGE
53
TENURE
6.7 yrs

Jeremy Loh

TITLE
Group Chief Financial Officer
TENURE
1.5 yrs

Eng Ng

TITLE
Group Chief Operating Officer
AGE
38
TENURE
1.5 yrs

Leonard Peter Beschizza

TITLE
Managing Director of Halcyon Rubber Company
AGE
68

James Bugansky

TITLE
Managing Director of Corrie MacColl Plantations
AGE
72

Guenter Mueller

TITLE
Joint Global Head of Industrial Distribution & Latex

Horst Sakreida

TITLE
Managing Director of Corrie MacColl International

Chestnutt Lee

TITLE
Global Head of HEVEAPRO Technology & Standards
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Halcyon Agri board of directors in years:

4.5
Average Tenure
51
Average Age
  • The tenure for the Halcyon Agri board of directors is about average.
Board of Directors

Hongsheng Liu

TITLE
Non-Executive Non Independent Chairman
COMPENSATION
$110K
AGE
53
TENURE
3 yrs

Robert Meyer

TITLE
CEO & Executive Director
COMPENSATION
$900K
AGE
45
TENURE
9.5 yrs

Pascal Demierre Guy

TITLE
Executive Director
COMPENSATION
$660K
AGE
45
TENURE
9.5 yrs

Alan Nisbet

TITLE
Lead Independent & Non Executive Director
COMPENSATION
$109K
AGE
68
TENURE
7 yrs

Randolph Khoo

TITLE
Independent & Non Executive Director
COMPENSATION
$87K
AGE
55
TENURE
7 yrs

Choon Wei Liew

TITLE
Independent & Non Executive Director
COMPENSATION
$87K
AGE
65
TENURE
6 yrs

Wang Wei

TITLE
Non-Executive Director
COMPENSATION
$54K
AGE
39
TENURE
2.7 yrs

Jeremy Goon

TITLE
Independent Director
COMPENSATION
$54K
AGE
46
TENURE
2.2 yrs

Jinke Qin

TITLE
Non-Executive Director
COMPENSATION
$54K
AGE
49
TENURE
2 yrs

Chun Lam

TITLE
Non-Executive Independent Director
AGE
71
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)
X
Management checks
We assess Halcyon Agri'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. Halcyon Agri 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

If You Had Bought Halcyon Agri (SGX:5VJ) Stock Five Years Ago, You'd Be Sitting On A 49% Loss, Today

View our latest analysis for Halcyon Agri Given that Halcyon Agri didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … In the last half decade, Halcyon Agri saw its revenue increase by 31% per year. … A Different Perspective While the broader market gained around 1.0% in the last year, Halcyon Agri shareholders lost 13%.

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Halcyon Agri Corporation Limited (SGX:5VJ)?

A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … This is reasonably close to the market beta of 1, so the stock has in the past displayed similar levels of volatility to the overall market. … What this means for you: Since Halcyon Agri has a beta close to one, it will probably show a positive return when the market is moving up, based on history.

Simply Wall St -

We Think Halcyon Agri (SGX:5VJ) Has Us A Very Heavy Debt Load

We note that Halcyon Agri Corporation Limited (SGX:5VJ) does have debt on its balance sheet. … SGX:5VJ Historical Debt, July 9th 2019 A Look At Halcyon Agri's Liabilities Zooming in on the latest balance sheet data, we can see that Halcyon Agri had liabilities of US$895.9m due within 12 months and liabilities of US$480.0m due beyond that. … Since Halcyon Agri does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time.

Simply Wall St -

What Kind Of Shareholders Own Halcyon Agri Corporation Limited (SGX:5VJ)?

See our latest analysis for Halcyon Agri SGX:5VJ Ownership Summary, June 18th 2019 What Does The Institutional Ownership Tell Us About Halcyon Agri? … Insider Ownership Of Halcyon Agri While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. … Private Company Ownership We can see that Private Companies own 60%, of the shares on issue.

Simply Wall St -

What Investors Should Know About Halcyon Agri Corporation Limited's (SGX:5VJ) Financial Strength

Halcyon Agri Corporation Limited (SGX:5VJ) is a small-cap stock with a market capitalization of S$909m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Did You Manage To Avoid Halcyon Agri's (SGX:5VJ) 42% Share Price Drop?

One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Over five years Halcyon Agri's earnings per share dropped significantly, falling to a loss, with the share price also lower. … Since the company has fallen to a loss making position, it's hard to compare the change in EPS with the share price change.

Simply Wall St -

Halcyon Agri Corporation Limited (SGX:5VJ): What Does Its Beta Value Mean For Your Portfolio?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Halcyon Agri Corporation Limited’s (SGX:5VJ) Investment Returns Are Lagging Its Industry

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Do Insiders Own Lots Of Shares In Halcyon Agri Corporation Limited (SGX:5VJ)?

The big shareholder groups in Halcyon Agri Corporation Limited (SGX:5VJ) have power over the company. … Generally speaking, as a company grows, institutions will increase their ownership. … Halcyon Agri is not a large company by global standards.

Simply Wall St -

What You Must Know About Halcyon Agri Corporation Limited's (SGX:5VJ) Financial Strength

Halcyon Agri Corporation Limited (SGX:5VJ) is a small-cap stock with a market capitalization of S$622m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is.

Simply Wall St -

Company Info

Description

Halcyon Agri Corporation Limited, an investment holding company, originates, produces, and distributes natural rubber products in Singapore, China, the United States, Canada, Europe, rest of Asia, and internationally. It operates through Corrie MacColl Group; HRC Group; SINRIO Group; and Corporate segments. The company processes and produces technically specified rubber, crumb rubber, and latex, as well as constant viscosity rubber products; and owns rubber plantations approximately 110,000 hectares of land in Malaysia and Cameroon. It provides its natural rubber primarily under the HeveaPRO brand, as well as procures other origins and grades of rubber from third party producers. The company offers its products for use in tires, shoe soles, medical gloves, seals, gaskets, and others through a network of logistical assets and sales offices. It is also involved in trading and distribution of natural rubber, latex, and synthetic rubber under the Centrotrade, Wurfbain, Corrie MacColl, Alan L. Grant, Momentum Technologies, and Kelvin Terminals brand names; and manufactures and distributes plastic products, as well as operates oil palm plantations. The company was founded in 1934 and is headquartered in Singapore. As of December 31, 2018, Halcyon Agri Corporation Limited operates as a subsidiary of Sinochem International (Overseas) Pte. Ltd.

Details
Name: Halcyon Agri Corporation Limited
5VJ
Exchange: SGX
Founded: 1934
SGD717,755,373
1,595,011,941
Website: http://www.halcyonagri.com
Address: Halcyon Agri Corporation Limited
No. 05-02 Haw Par Centre,
180 Clemenceau Avenue,
Singapore,
239922,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX 5VJ Ordinary Shares Singapore Exchange SG SGD 01. Feb 2013
BST HAT Ordinary Shares Boerse-Stuttgart DE EUR 01. Feb 2013
Number of employees
Current staff
Staff numbers
17,000
Halcyon Agri employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 13:06
End of day share price update: 2020/01/28 00:00
Last earnings filing: 2019/11/14
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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

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