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Sing Investments & Finance

SGX:S35
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
S35
SGX
SGD225M
Market Cap
  1. Home
  2. SG
  3. Diversified Financials
Company description

Sing Investments & Finance Limited provides financing services to individuals and corporations in Singapore. The last earnings update was 38 days ago. More info.


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S35 Share Price and Events
7 Day Returns
-0.7%
SGX:S35
-1.6%
Asia Consumer Finance
-0.4%
SG Market
1 Year Returns
-3.4%
SGX:S35
18.5%
Asia Consumer Finance
2%
SG Market
S35 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sing Investments & Finance (S35) -0.7% 0% 0% -3.4% 19.7% 9.6%
Asia Consumer Finance -1.6% -1.7% 9.7% 18.5% 32.2% 61.6%
SG Market -0.4% -1.3% 1.4% 2% 3.5% -6.5%
1 Year Return vs Industry and Market
  • S35 underperformed the Consumer Finance industry which returned 18.5% over the past year.
  • S35 underperformed the Market in Singapore which returned 2% over the past year.
Price Volatility
S35
Industry
5yr Volatility vs Market

Value

 Is Sing Investments & Finance 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 Sing Investments & Finance 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 Sing Investments & Finance.

SGX:S35 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= SGD2.21 * 6.3%
SGD0.14
Book Value of Equity per Share Median Book Value from the past 5 years. SGD2.21
Discount Rate (Cost of Equity) See below 8.3%
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 SGX:S35
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 5.4%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 17%) (4.55%))
1.208
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.75% + (1.208 * 5.44%)
8.32%

Discounted Cash Flow Calculation for SGX:S35 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Sing Investments & Finance is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SGX:S35 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.3% – 8.32%) * SGD2.21)
SGD-0.05
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= SGD-0.05 / (8.32% - 1.75%)
SGD-0.69
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= SGD2.21 + SGD-0.69
SGD1.52
SGX:S35 Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD1.52
Current discount Discount to share price of SGD1.43
= -1 x (SGD1.43 - SGD1.52) / SGD1.52
5.9%

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

Current Discount
Amount off the current price Sing Investments & Finance is available for.
Intrinsic value
6%
Share price is SGD1.43 vs Future cash flow value of SGD1.52
Current Discount Checks
For Sing Investments & Finance to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sing Investments & Finance's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Sing Investments & Finance's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sing Investments & Finance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sing Investments & Finance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:S35 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SGD SGD0.13
SGX:S35 Share Price ** SGX (2019-12-06) in SGD SGD1.43
Asia Consumer Finance Industry PE Ratio Median Figure of 172 Publicly-Listed Consumer Finance Companies 10.92x
Singapore Market PE Ratio Median Figure of 381 Publicly-Listed Companies 13.28x

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

** Primary Listing of Sing Investments & Finance.

SGX:S35 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:S35 Share Price ÷ EPS (both in SGD)

= 1.43 ÷ 0.13

10.67x

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

  • Sing Investments & Finance is good value based on earnings compared to the Asia Consumer Finance industry average.
  • Sing Investments & Finance is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does Sing Investments & Finance's expected growth come at a high price?
Raw Data
SGX:S35 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Consumer Finance Industry PEG Ratio Median Figure of 38 Publicly-Listed Consumer Finance Companies 0.87x
Singapore Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 1.43x

*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 Sing Investments & Finance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sing Investments & Finance's assets?
Raw Data
SGX:S35 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SGD SGD2.33
SGX:S35 Share Price * SGX (2019-12-06) in SGD SGD1.43
Asia Consumer Finance Industry PB Ratio Median Figure of 225 Publicly-Listed Consumer Finance Companies 0.74x
Singapore Market PB Ratio Median Figure of 604 Publicly-Listed Companies 0.74x
SGX:S35 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:S35 Share Price ÷ Book Value per Share (both in SGD)

= 1.43 ÷ 2.33

0.61x

* Primary Listing of Sing Investments & Finance.

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

  • Sing Investments & Finance is good value based on assets compared to the Asia Consumer Finance industry average.
X
Value checks
We assess Sing Investments & Finance'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 Consumer Finance 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 Consumer Finance industry average (and greater than 0)? (1 check)
  5. Sing Investments & Finance has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Sing Investments & Finance 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 Sing Investments & Finance 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
15.5%
Expected Consumer Finance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sing Investments & Finance expected to grow at an attractive rate?
  • Unable to compare Sing Investments & Finance's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Sing Investments & Finance's earnings growth to the Singapore market average as no estimate data is available.
  • Unable to compare Sing Investments & Finance's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:S35 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
Asia Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 18%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 6.4%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 5.5%

*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:S35 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.
SGX:S35 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SGX:S35 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-09-30 51 2 21
2019-06-30 51 -8 22
2019-03-31 52 84 23
2018-12-31 53 125 24
2018-09-30 51 11 24
2018-06-30 50 74 23
2018-03-31 50 13 23
2017-12-31 49 -155 23
2017-09-30 48 -28 21
2017-06-30 46 -86 20
2017-03-31 42 -6 17
2016-12-31 38 94 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Sing Investments & Finance is high growth as no earnings estimate data is available.
  • Unable to determine if Sing Investments & Finance 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:S35 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 Sing Investments & Finance Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:S35 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SGX:S35 Past Financials Data
Date (Data in SGD Millions) EPS *
2019-09-30 0.13
2019-06-30 0.14
2019-03-31 0.14
2018-12-31 0.15
2018-09-30 0.15
2018-06-30 0.15
2018-03-31 0.15
2017-12-31 0.14
2017-09-30 0.13
2017-06-30 0.13
2017-03-31 0.11
2016-12-31 0.09

*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 Sing Investments & Finance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Sing Investments & Finance is trading at Sing Investments & Finance'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. Sing Investments & Finance'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 Diversified Financials companies here
  3. Sing Investments & Finance'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 Sing Investments & Finance'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.
Sing Investments & Finance 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 Sing Investments & Finance 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 Sing Investments & Finance's growth in the last year to its industry (Consumer Finance).
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.
  • Sing Investments & Finance's year on year earnings growth rate has been positive over the past 5 years.
  • Sing Investments & Finance's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sing Investments & Finance's 1-year earnings growth is negative, it can't be compared to the Asia Consumer Finance industry average.
Earnings and Revenue History
Sing Investments & Finance'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 Sing Investments & Finance Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:S35 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 51.02 21.12 15.96
2019-06-30 51.45 21.84 15.76
2019-03-31 51.97 22.81 15.41
2018-12-31 52.89 24.03 15.11
2018-09-30 50.92 23.66 14.87
2018-06-30 50.17 23.30 14.73
2018-03-31 50.21 23.29 14.87
2017-12-31 49.13 22.70 14.57
2017-09-30 48.17 20.97 14.79
2017-06-30 46.25 19.90 14.54
2017-03-31 41.89 16.95 14.18
2016-12-31 38.17 13.87 14.23
2016-09-30 37.20 13.71 13.74
2016-06-30 36.32 13.13 13.70
2016-03-31 36.34 12.72 13.83
2015-12-31 35.75 12.81 13.63
2015-09-30 34.85 11.19 13.37
2015-06-30 34.68 11.45 13.20
2015-03-31 33.93 11.48 12.69
2014-12-31 35.66 12.66 12.65
2014-09-30 35.26 13.77 12.68
2014-06-30 34.81 13.00 12.61
2014-03-31 35.47 12.87 13.08
2013-12-31 33.94 11.46 12.97
2013-09-30 33.74 12.86 12.48
2013-06-30 33.64 13.20 11.97
2013-03-31 32.88 14.02 10.26
2012-12-31 33.73 14.70 10.36

*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.
  • Sing Investments & Finance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sing Investments & Finance used its assets less efficiently than the Asia Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if Sing Investments & Finance improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Sing Investments & Finance'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 Consumer Finance 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.
Sing Investments & Finance has a total score of 1/6, see the detailed checks below.

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

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

Health

 How is Sing Investments & Finance'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 Sing Investments & Finance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sing Investments & Finance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sing Investments & Finance's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sing Investments & Finance'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 244.6x 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 Sing Investments & Finance Company Filings, last reported 2 months ago.

SGX:S35 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 367.65 10.26 236.72
2019-06-30 362.38 9.38 226.12
2019-03-31 367.33 9.78 355.47
2018-12-31 363.01 12.60 317.12
2018-09-30 353.85 7.21 272.46
2018-06-30 347.93 7.07 267.65
2018-03-31 354.90 6.97 320.11
2017-12-31 337.72 8.93 250.57
2017-09-30 331.36 4.28 308.63
2017-06-30 327.21 4.49 233.59
2017-03-31 329.44 2.92 311.70
2016-12-31 319.91 5.42 405.75
2016-09-30 325.37 6.85 347.25
2016-06-30 319.60 1.41 295.19
2016-03-31 325.11 1.63 310.51
2015-12-31 312.54 4.36 309.61
2015-09-30 308.93 2.50 279.06
2015-06-30 304.62 3.03 281.74
2015-03-31 315.44 3.58 195.09
2014-12-31 313.36 5.51 245.78
2014-09-30 308.50 4.73 255.06
2014-06-30 305.16 5.52 197.81
2014-03-31 308.62 6.19 236.64
2013-12-31 303.59 7.13 225.67
2013-09-30 302.66 19.19 213.62
2013-06-30 299.18 7.74 266.81
2013-03-31 314.76 8.35 261.70
2012-12-31 315.71 9.04 268.62
  • Sing Investments & Finance's level of debt (2.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.5% vs 2.8% today).
  • Debt is not well covered by operating cash flow (19.7%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Sing Investments & Finance's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Sing Investments & Finance'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. Sing Investments & Finance 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 Sing Investments & Finance'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
4.9%
Current annual income from Sing Investments & Finance dividends.
If you bought SGD2,000 of Sing Investments & Finance shares you are expected to receive SGD98 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?
  • Sing Investments & Finance's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.53%).
  • Sing Investments & Finance's dividend is below the markets top 25% of dividend payers in Singapore (5.45%).
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:S35 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Asia Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 100 Stocks 1.8%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 312 Stocks 4.1%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

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

SGX:S35 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
SGX:S35 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-03-26 0.070 4.778
2019-02-19 0.070 4.570
2018-03-26 0.070 4.601
2018-02-12 0.070 4.473
2017-03-30 0.050 3.283
2017-02-07 0.050 3.382
2016-03-31 0.050 4.340
2015-04-06 0.060 4.803
2015-02-09 0.060 4.506
2014-04-01 0.050 3.761
2013-04-10 0.050 3.681
2012-04-12 0.070 4.827
2012-02-13 0.070 4.333
2011-04-12 0.100 6.571
2010-02-19 0.080 5.111
2009-04-16 0.025 1.983
2009-02-27 0.025 2.601

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Sing Investments & Finance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sing Investments & Finance'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 Sing Investments & Finance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sing Investments & Finance has a total score of 3/6, 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 Sing Investments & Finance'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
Sze Leong Lee
COMPENSATION SGD1,400,000
AGE 60
TENURE AS CEO 22.9 years
CEO Bio

Mr. Sze Leong Lee has been the Managing Director of Sing Investments & Finance Ltd. since January 1997 and also serves as its Chief Executive Officer. Mr. Lee served as the Chairman of Sing Investments & Finance Ltd. since January 1997. He serves as Chairman of Sing Investments & Finance Ltd.'s subsidiary, Sing Investments & Finance Nominees Pte Ltd. He joined Sing Investments & Finance Ltd. in 1983. Mr. Lee has been Director of Sing Investments & Finance Limited. since February 20, 1989. He serves as Director of F.H. Lee Holdings (Pte) Ltd., Lee & Sons Investments Pte Ltd., Sing Development (Changi View) Pte Ltd and Sing Bullion & Futures Pte Ltd. He has been a Non-Executive Director at Sing Holdings Limited since November 6, 1992. He has been the Non-Executive Chairman of Sing Holdings Limited. He served as Director of Yoma Strategic Holdings Ltd. until August 17, 2006 and Sea View Hotel Ltd. (now Yoma Strategic Holdings Ltd.) from 1996 to August 17, 2006. He is the Chairman of the Tiong Bahru Citizens' Consultative Committee and a Council Member of the Tanjong Pagar Town Council. He serves as the Chairman of Hire Purchase, Finance and Leasing Association of Singapore and the Finance Houses Association of Singapore. He serves as Vice-chairman of Commerce Committee of the Singapore Chinese Chamber of Commerce & Industry. He was awarded the Public Service Medal in 1997. Mr. Lee holds a Bachelor of Business Administration (Finance) degree from the University of Hawaii, Manoa, USA.

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

Sze Leong Lee

TITLE
MD, CEO & Director
COMPENSATION
SGD1M
AGE
60
TENURE
22.9 yrs

Sze Siong Lee

TITLE
Deputy MD & Executive Director
COMPENSATION
SGD992K
AGE
58

Chua Eng

TITLE
Head of Finance & Risk Management

Ann Kit Wong

TITLE
Senior Vice President of Legal

Annie Yeo

TITLE
First Vice President of Compliance

Mei Chee Leong

TITLE
First Vice President of Human Resource

Lee Mei Lim

TITLE
Senior Vice President of Product Management
TENURE
3.3 yrs

Julia Pan

TITLE
Senior Vice President of Team 1 - Credit Marketing

Choon Siong Wang

TITLE
Senior VP of Team 3 - Credit Mktg and Senior VP of Team 4 - Credit Mktg

Teck Chiew Tan

TITLE
Senior Vice President of Information Technology
Board of Directors Tenure

Average tenure and age of the Sing Investments & Finance board of directors in years:

4.9
Average Tenure
61.5
Average Age
  • The tenure for the Sing Investments & Finance board of directors is about average.
Board of Directors

Tat Pun Ng

TITLE
Non-Executive Chairman of the Board
COMPENSATION
SGD85K
AGE
74
TENURE
4.6 yrs

Sze Leong Lee

TITLE
MD, CEO & Director
COMPENSATION
SGD1M
AGE
60
TENURE
30.8 yrs

Sze Siong Lee

TITLE
Deputy MD & Executive Director
COMPENSATION
SGD992K
AGE
58
TENURE
22.8 yrs

Jin Chee

TITLE
Non-Executive & Independent Director
COMPENSATION
SGD60K
AGE
72
TENURE
5.3 yrs

Michael Lau

TITLE
Non-Executive & Independent Director
AGE
58
TENURE
0.9 yrs

Joseph Toh

TITLE
Non-executive & Independent Director
AGE
63
TENURE
0.9 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)
05. Sep 19 Buy Sze Leong Lee Individual 04. Sep 19 04. Sep 19 15,000 SGD1.42 SGD21,300
05. Sep 19 Buy F. H. Lee Holdings (Pte) Limited Company 04. Sep 19 04. Sep 19 178,500 SGD1.42 SGD253,470
06. Jun 19 Buy F. H. Lee Holdings (Pte) Limited Company 03. Jun 19 03. Jun 19 50,000 SGD1.44 SGD72,000
24. May 19 Buy F. H. Lee Holdings (Pte) Limited Company 22. May 19 24. May 19 130,500 SGD1.46 SGD190,191
17. May 19 Buy F. H. Lee Holdings (Pte) Limited Company 15. May 19 15. May 19 20,800 SGD1.48 SGD30,776
08. May 19 Buy F. H. Lee Holdings (Pte) Limited Company 06. May 19 07. May 19 40,800 SGD1.48 SGD60,174
02. May 19 Buy F. H. Lee Holdings (Pte) Limited Company 29. Apr 19 30. Apr 19 42,000 SGD1.50 SGD62,936
X
Management checks
We assess Sing Investments & Finance'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. Sing Investments & Finance 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

What Kind Of Shareholder Owns Most Sing Investments & Finance Limited (SGX:S35) Stock?

Insider Ownership Of Sing Investments &amp; Finance The definition of company insiders can be subjective, and does vary between jurisdictions. … General Public Ownership The general public, who are mostly retail investors, collectively hold 54% of Sing Investments &amp; Finance shares. … Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Simply Wall St -

Should You Worry About Sing Investments & Finance Limited's (SGX:S35) CEO Salary Level?

According to our data, Sing Investments &amp; Finance Limited has a market capitalization of S$232m, and pays its CEO total annual compensation worth S$1.4m. … Thus we can conclude that Sze Leong Lee receives more in total compensation than the median of a group of companies in the same market, and of similar size to Sing Investments &amp; Finance Limited. … We compared total CEO remuneration at Sing Investments &amp; Finance Limited with the amount paid at companies with a similar market capitalization.

Simply Wall St -

Is Sing Investments & Finance Limited (SGX:S35) An Attractive Dividend Stock?

Today we'll take a closer look at Sing Investments &amp; Finance Limited (SGX:S35) from a dividend investor's perspective. … With a goodly-sized dividend yield despite a relatively short payment history, investors might be wondering if Sing Investments &amp; Finance is a new dividend aristocrat in the making. … The first recorded dividend for Sing Investments &amp; Finance, in the last decade, was nine years ago.

Simply Wall St -

Introducing Sing Investments & Finance (SGX:S35), A Stock That Climbed 34% In The Last Three Years

For example, Sing Investments & Finance Limited (SGX:S35) shareholders have seen the share price rise 34% over three years, well in excess of the market return (9.7%, not including dividends). … Sing Investments & Finance was able to grow its EPS at 23% per year over three years, sending the share price higher. … Dive deeper into Sing Investments & Finance's key metrics by checking this interactive graph of Sing Investments & Finance's earnings, revenue and cash flow.

Simply Wall St -

What Kind Of Shareholders Own Sing Investments & Finance Limited (SGX:S35)?

Every investor in Sing Investments & Finance Limited (SGX:S35) should be aware of the most powerful shareholder groups. … Sing Investments & Finance is not a large company by global standards. … View our latest analysis for Sing Investments & Finance

Simply Wall St -

Should You Worry About Sing Investments & Finance Limited's (SGX:S35) CEO Pay Cheque?

In 1997 Sze Lee was appointed CEO of Sing Investments & Finance Limited (SGX:S35). … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … According to our data, Sing Investments & Finance Limited has a market capitalization of S$238m, and pays its CEO total annual compensation worth S$1.3m.

Simply Wall St -

Does Sing Investments & Finance Limited's (SGX:S35) Recent Track Record Look Strong?

When Sing Investments & Finance Limited (SGX:S35) released its most recent earnings update (30 June 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Being able to interpret how well Sing Investments & Finance has done so far requires weighing its performance against a benchmark, rather than looking at a standalone number at a point in time. … View our latest analysis for Sing Investments & Finance.

Simply Wall St -

Does Sing Investments & Finance Limited (SGX:S35) Have A Place In Your Portfolio?

Over the past 10 years, Sing Investments & Finance Limited (SGX:S35) has returned an average of 4.00% per year to shareholders in terms of dividend yield. … Let's take a look at Sing Investments & Finance in more detail. … Check out our latest analysis for Sing Investments & Finance

Simply Wall St -

Interested In Sing Investments & Finance Limited (SGX:S35)? Here's What Its Recent Performance Looks Like

For long-term investors, assessing earnings trend over time and against industry benchmarks is more beneficial than examining a single earnings announcement at a point in time. … Investors may find my commentary, albeit very high-level and brief, on Sing Investments & Finance Limited (SGX:S35) useful as an attempt to give more color around how Sing Investments & Finance is currently performing. … See our latest analysis for Sing Investments & Finance.

Simply Wall St -

Should You Be Tempted To Buy Sing Investments & Finance Limited (SGX:S35) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for S35 Price per share = SGD1.54 Earnings per share = SGD0.148 ∴ Price-Earnings Ratio = SGD1.54 ÷ SGD0.148 = 10.4x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you accidentally compared higher growth firms with S35, then S35’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price. … Alternatively, if you inadvertently compared less risky firms with S35, S35’s P/E would again be lower since investors would reward its peers’ lower risk with a higher price as well.

Simply Wall St -

Company Info

Description

Sing Investments & Finance Limited provides financing services to individuals and corporations in Singapore. The company offers fixed and savings deposits, current accounts, and conveyancing accounts, as well as safe deposit box services. It also offers housing, residential and commercial property, HDB, car, shipping, land and construction, machinery, and unsecured business loans; government-backed small and medium enterprises (SME) loans, including SME micro, SME equipment and factory, and SME working capital loans; and invoice factoring/account receivables, share financing, and block discounting and floor stock financing products. In addition, the company provides nominee services. It serves customers through its network of four branches. Sing Investments & Finance Limited was incorporated in 1964 and is headquartered in Singapore.

Details
Name: Sing Investments & Finance Limited
S35
Exchange: SGX
Founded: 1964
SGD225,404,842
157,625,764
Website: http://www.sif.com.sg
Address: Sing Investments & Finance Limited
No. 01-01 SIF Building,
96 Robinson Road,
Singapore,
068899,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX S35 Ordinary Shares Singapore Exchange SG SGD 02. Jan 1992
Number of employees
Current staff
Staff numbers
174
Sing Investments & Finance employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/06 12:37
End of day share price update: 2019/12/06 00:00
Last estimates confirmation: 2018/02/12
Last earnings filing: 2019/10/29
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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

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