Singapore Land Stock Fair Value Calculator – SINGAPORE LAND Reports Second Quarter Earnings for FY2023 on June 30 2023
August 25, 2023
🌥️Earnings Overview
At the end of June 2023, SINGAPORE LAND ($SGX:U06) reported total revenue of SGD 325.9 million for the second quarter of FY2023, showing a 23.4% jump from the same quarter of the previous year. Unfortunately, net income decreased 53.2% year over year to SGD 168.4 million.
Share Price
On Tuesday, June 30 2023, SINGAPORE LAND reported its second quarter earnings for the fiscal year 2023. The stock opened at SG$2.1 and closed at SG$2.1, representing a decrease of 0.5% from the prior closing price of SG$2.1. This quarter’s earnings report reflects the company’s performance for the three months ending on June 30 2023. Analysts are optimistic about SINGAPORE LAND’s future prospects, citing its strong financial performance and solid balance sheet.
The company is well-positioned to capitalize on growth opportunities in the Singapore real estate market. With the strong second quarter results, SINGAPORE LAND is expected to have a solid performance for the rest of the fiscal year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Singapore Land. More…
| Total Revenues | Net Income | Net Margin |
| 672.78 | 263.74 | 39.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Singapore Land. More…
| Operations | Investing | Financing |
| 248.87 | -147.81 | -76.12 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Singapore Land. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.7k | 969.23 | 5.65 |
Key Ratios Snapshot
Some of the financial key ratios for Singapore Land are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.3% | -3.7% | 51.2% |
| FCF Margin | ROE | ROA |
| 31.7% | 2.7% | 2.2% |
Analysis – Singapore Land Stock Fair Value Calculator
At GoodWhale, we have performed a financial assessment of SINGAPORE LAND and concluded that its intrinsic value per share is around SG$2.6. This value was calculated using our proprietary Valuation Line tool. Currently, SINGAPORE LAND stock is being traded at SG$2.1, making it a fair price that is undervalued by 18.4%. More…
Peers
Some of its competitors include GuocoLand Ltd (SGX: F17), Farlim Group Malaysia Bhd, and First Sponsor Group Ltd (SGX: F16).
– GuocoLand Ltd ($SGX:F17)
GuocoLand is a Singapore-based property developers and investors. The company is engaged in the development of residential, office, retail, hospitality and industrial properties, as well as investment holding. As of December 31, 2020, GuocoLand’s portfolio comprises of investment properties and development projects located in Singapore, China, Malaysia and Vietnam.
GuocoLand’s market cap as of 2022 is 1.86B. The company has a return on equity of 8.49%. GuocoLand is a property developer and investor with a focus on developing residential, office, retail, hospitality and industrial properties. The company has a strong presence in Singapore, China, Malaysia and Vietnam.
– Farlim Group Malaysia Bhd ($KLSE:6041)
Farlim Group Malaysia Berhad is an investment holding company. Through its subsidiaries, the Company operates as a property developer, a shopping mall management company, and a provider of food and beverage services. The Company’s segments include Property development, Property investment, Shopping mall management, Food and beverage, and Others.
– First Sponsor Group Ltd ($SGX:ADN)
Sponsor Group Ltd is a holding company that operates through its subsidiaries. The company focuses on investments in the internet and mobile sectors. As of 2022, the company has a market cap of 1.15B and a ROE of 8.35%. The company’s subsidiaries include Sponsor Investment Group, a venture capital firm, and Sponsor Pay, a mobile payments company.
Summary
SINGAPORE LAND reported strong revenue growth in the second quarter of FY2023 with a 23.4% year-over-year increase. Despite this impressive growth, net income for the quarter decreased by 53.2%, suggesting that the higher revenues are not necessarily translating into higher profits for the company. Investors should consider the various factors affecting the company’s performance, such as operational efficiency, cost management, and competitive positioning in order to assess if the company is a worthwhile opportunity.
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