ST Engineering: Singapore Technologies Engineering Ltd
S63.SI : Singapore Exchange
4.400
+0.23%
Share Price in SGD. As of 26 Jul 17:04:43 SGT
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Key stats
- 52-Week HighSGD 4.480
- 52-Week LowSGD 3.660
- Market CapSGD 14B
- Avg Volume3.1M
- P/E Ratio (TTM)23.16
- Forward Dividend Yield3.6%
Share Price Performance
| S63.SI | Market
| |
|---|---|---|
| 1 Day | 0.00% | 0.24% |
| 5 Day | 0.00% | -0.31% |
| 1 Month | 1.62% | 2.49% |
| 6 Month | 17.65% | 9.02% |
| YTD | 13.11% | 6.08% |
| 1 Year | 12.53% | 6.50% |
| 5 Year | 14.58% | 9.82% |
Beansprout Analysis
Market Analysis
Consensus Share Price Target
Price Target: $4.444
Source: SGX as of 27 Jul 2024
Analyst Ratings
CGS-CIMB
25 Mar 2024
Add
4.360
DBS Research
02 Apr 2024
Buy
4.800
Maybank Research
26 Jun 2024
Buy
4.600
(prev 4.300)
OCBC Investment
05 Mar 2024
Buy
4.600
(prev 4.450)
Phillip Securities
14 May 2024
Buy
4.900
(prev 4.500)
RHB Invest
24 Jun 2024
Buy
4.500
UOB Kay Hian
14 Nov 2023
Buy
4.200
Analyst Reports
Valuation
Price to earnings (P/E) ratio
17.6
19.9
ST Engineering: Singapore Technologies Engineering Ltd's current P/E ratio of 17.6x is lower than its historical average P/E ratio of 19.9x.
Price to book (P/B) ratio
5.6
4.7
ST Engineering: Singapore Technologies Engineering Ltd's current P/B ratio of 5.6x is higher than its historical average P/B ratio of 4.7x.
Earnings
Earnings Highlights
FY2023 Results Summary
Revenue: SGD 10.10B
Increased 12% Year-on-Year
The Group generated revenue of $10,101 million in FY2023, an increase of 12% or $1,066 million as compared to FY2022, with contributions from all segments.
Net Profit: SGD 587M
Increased 10% Year-on-Year
The Group's net profit of $586.5 million in FY2023 was higher by 10% or $51.5 million as compared to FY2022 due to strong EBIT growth.
Return on Equity (ROE): 24%
Increased 2% Year-on-Year
Profit attributable to shareholders as a percentage of share capital and reserves at end of the year increased by 1.5 percentage points to 23.8%.
Dividend Per Share: SGD 0.16
The total dividend for the financial year 2023 will be 16.0 cents per ordinary share.
Debt to Equity Ratio: 222%
Decreased 10% Year-on-Year
The reduction in borrowings (current) was due to repayment as well as refinancing of short-term borrowings via the Group's issuance of US$500 million of medium-term notes during the year, which correspondingly increased borrowings (non-current).
Outlook
The Group remains focused on executing its robust order book of $27.4 billion, while delivering sustainable growth and creating value for its stakeholders. The group expects to deliver about S$7.9 billion from the order book in 2024.
Sources: ST Engineering: Singapore Technologies Engineering Ltd Financial Report
Earnings per share (EPS)
The latest earnings per share is $0.19, which is higher than the earnings per share of $0.17 in 2022.
Financials
Financial Statements
| 29 Feb 2024 | For period ending 31 Dec 2023 |
| 11 Aug 2023 | For period ending 30 Jun 2023 |
Annual Reports
| 28 Mar 2024 | For period ending 31 Dec 2023 |
News
Profile
Company Description
ST Engineering is a global technology, defence and engineering group with a diverse portfolio of businesses across the aerospace, smart city, defence and public security segments. The Group harnesses technology and innovation to solve real-world problems, enabling a more secure and sustainable world. Headquartered in Singapore, it has operations spanning Asia, Europe, the Middle East and the U.S., serving customers in more than 100 countries. ST Engineering reported revenue of over S$10b in 2023 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, MSCI Singapore and Dow Jones Sustainability Asia Pacific Index.