SembCorp
Share Price : $ 4.32 @ 17 April 2010
|
Year End |
31-Dec |
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|
|
2009 |
2008 |
2007 |
2006 |
2005 |
Remark |
|
Cash |
2,597.50 |
2,430.70 |
1,364.50 |
1,212.30 |
1,239.10 |
From Balance Sheet |
|
Long Term Debt |
595.40 |
522.50 |
823.50 |
1,096.20 |
908.70 |
From Balance Sheet |
|
Total Current Asset |
4,993.90 |
4,569.90 |
4,385.30 |
3,734.50 |
3,462.60 |
From Balance Sheet |
|
Total Current Liabilities |
3,932.90 |
4,195.90 |
3,522.30 |
2,585.70 |
3,158.30 |
From Balance Sheet |
|
Outstanding Shares |
1,780.23 |
1,776.97 |
1,783.78 |
1,770.18 |
1,749.08 |
From Balance Sheet |
|
Total Shareholder Equity |
3,320.00 |
2,594.20 |
3,032.80 |
2,813.20 |
1,999.60 |
From Balance Sheet |
|
Net Cash Flow ($) |
196.6 |
1104.9 |
123 |
-58.3 |
-868.7 |
From CashFlow |
|
Total Cash Dividends ($) |
-195.70 |
-266.90 |
-498.00 |
-91.30 |
-164.70 |
From CashFlow |
|
Cash Flow From Operating Activities |
932.80 |
2,261.40 |
614.00 |
-86.20 |
848.30 |
From CashFlow |
|
Capital Expenditure |
-407.40 |
-368.10 |
-456.90 |
-464.70 |
-371.10 |
From CashFlow |
|
Revenue |
9,450.30 |
9,663.30 |
8,365.70 |
7,334.80 |
5,489.20 |
From Income Statement |
|
Gross Profit |
1,228.00 |
766.90 |
563.60 |
514.50 |
214.10 |
From Income Statement |
|
Net Income Before Taxes |
1,218.30 |
888.90 |
818.10 |
43.30 |
422.60 |
From Income Statement |
|
Net Income After Taxes |
1,015.30 |
757.90 |
682.40 |
57.40 |
344.00 |
From Income Statement |
|
EPS |
0.39 |
0.31 |
0.32 |
-0.04 |
0.15 |
From Income Statement |
|
Share Price @ 31 Dec |
$3.70 |
$2.32 |
$5.80 |
$3.84 |
$2.74 |
|
|
Financial Strength Analysis of Company |
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|
Cash Growth Rate |
6.86% |
78.14% |
12.55% |
-2.16% |
-41.00% |
Increase Good |
|
Long Term Debt Rate |
13.95% |
-36.55% |
-24.88% |
20.63% |
10.70% |
Decrease Good |
|
Working Capital (CA – CL) |
1,061.00 |
374.00 |
863.00 |
1,148.80 |
304.30 |
Positive Good |
|
Finanical Strength |
17.93% |
20.14% |
27.15% |
38.97% |
45.44% |
Positive Good |
|
Size of Company |
725.80 |
-438.60 |
219.60 |
813.60 |
41.30 |
Increase Good |
|
Debt Factor Benchmark |
Very Good |
Very Good |
Normal |
Normal |
Normal |
Very Good <25% Normal <50% Bad |
|
Performance Analysis of Company |
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|
Gross Margin |
12.99% |
7.94% |
6.74% |
7.01% |
3.90% |
Increase Good (compare to Previous Year) |
|
Operating Margin |
12.89% |
9.20% |
9.78% |
0.59% |
7.70% |
Increase Good (compare to Previous Year) |
|
Net Margin |
10.74% |
7.84% |
8.16% |
0.78% |
6.27% |
Increase Good (compare to Previous Year) |
|
EPS Growth Rate |
24.12% |
-2.20% |
875.61% |
-127.33% |
-64.87% |
Increase Good (compare to Previous Year) |
|
ROE (Net Income After Tax/Equity) |
30.58% |
29.22% |
22.50% |
2.04% |
17.20% |
Increase Good (compare to Previous Year) |
|
Health Analysis of Company |
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|
Net Cash Flow Growth Rate |
-82.21% |
798.29% |
310.98% |
93.29% |
-158.82% |
Increase Good (compare to Previous Year) |
|
Net Cash Flow / Share Price @ 31 Dec Ratio |
2.98% |
26.80% |
1.19% |
-0.86% |
-18.13% |
Increase Good (compare to Previous Year) |
|
Cash Flow Benchmark @ 31 Dec |
Normal |
Good |
Normal |
Bad |
Bad |
Very Good >50% Good >20% Normal >0% Bad |
|
Net Cash Flow / Current Share Price Ratio |
2.56% |
14.39% |
1.60% |
-0.76% |
-11.50% |
Increase Good (compare to Previous Year) |
|
Cash Flow Benchmark @ Current Price |
Normal |
Normal |
Normal |
Bad |
Bad |
Very Good >50% Good >20% Normal >0% Bad |
|
PE Analysis of Company |
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|
P/E @ FY End |
9.59 |
7.46 |
18.24 |
-93.66 |
18.27 |
Decrease Good Provided Earning Increase |
|
EPS Growth Rate / PE |
0.03 |
0.00 |
0.48 |
0.01 |
-0.04 |
Increase Good |
|
PE Benchmark @ 31 Dec |
Normal |
Bad |
Normal |
Normal |
Bad |
Good > 1 Normal > 0 Bad |
|
P/E Based on Current Price |
11.19 |
13.89 |
13.58 |
-105.37 |
28.80 |
Decrease Good Provided Earning Increase |
|
EPS Growth Rate / PE Based on Current Price |
0.02 |
0.00 |
0.64 |
0.01 |
-0.02 |
Increase Good |
|
P/E Benchmark @ Current Price |
Normal |
Bad |
Normal |
Normal |
Bad |
Good > 1 Normal > 0 Bad |
|
Dividend Analysis of Company |
||||||
|
Dividend Per Share ($) |
$ 0.11 |
$ 0.15 |
$ 0.28 |
$ 0.05 |
$ 0.09 |
Increase Good |
|
Dividend Yield (%) |
2.97% |
6.47% |
4.81% |
1.34% |
3.44% |
|
|
Dividend Yield (%) Based on Current Price |
2.54% |
3.48% |
6.46% |
1.19% |
2.18% |
|
|
Payout Ratio |
28.48% |
48.30% |
87.79% |
-125.80% |
62.78% |
|
|
Free Cash Flow |
525.40 |
1,893.30 |
157.10 |
-550.90 |
477.20 |
|
|
Free Cash Flow / Revenue Ratio |
5.56% |
19.59% |
1.88% |
-7.51% |
8.69% |
|
|
(Free Cash Flow / Revenue Ratio) |
-71.62% |
943.33% |
-125.00% |
-186.40% |
92.88% |
|
|
Peter Lynch Analysis |
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|
Cash Net of Long Term Debt |
$0.60 |
$0.74 |
$0.18 |
$0.04 |
$0.17 |
Increase Good |
|
Actual Price you are paying for the share |
$3.10 |
$1.58 |
$5.62 |
$3.80 |
$2.57 |
Lower than share price is good |
|
New P/E @ 31 Dec |
8.02 |
5.09 |
17.68 |
-92.65 |
17.17 |
Decrease Good Provided Earning Increase |
|
EPS Growth Rate / New PE |
0.03 |
0.00 |
0.50 |
0.01 |
-0.04 |
Increase Good |
|
New PE Benchmark @ 31 Dec |
Normal |
Bad |
Normal |
Normal |
Bad |
Good > 1 Normal > 0 Bad |
|
Actual Price you are paying for the share |
$3.72 |
$3.58 |
$4.14 |
$4.28 |
$4.15 |
Lower than share price is good |
|
New P/E @ Current Price |
9.63 |
11.53 |
13.02 |
-104.36 |
27.70 |
Decrease Good Provided Earning Increase |
|
EPS Growth Rate/ New PE @ Current Price |
0.03 |
0.00 |
0.67 |
0.01 |
-0.02 |
Increase Good |
|
New PE Benchmark @ Current Price |
Normal |
Bad |
Normal |
Normal |
Bad |
Good > 1 Normal > 0 Bad |
|
Free Cash Flow/Stock price |
7.98% |
45.93% |
1.52% |
-8.10% |
9.96% |
Standard=10% ; Good=20%; Mortgage your house to buy if its 100%!! |
|
Free Cash Flow/Current Stock Price |
6.83% |
24.66% |
2.04% |
-7.20% |
6.32% |
Standard=10% ; Good=20%; Mortgage your house to buy if its 100%!! |
Recently, SembCorp has announced that it will pay around $206 million for New York-listed Cascal NV to boost its global water and wastewater capacity by 50 percent. SembCorp's utility unit has offered a maximum $6.75 a share if it acquires 80 percent of Cascal's outstanding share or $6.40 if it gets less than 80 percent. SembCorp has agreed with Biwater Investment, a key shareholder of Cascal to buy 58.4% stake in the firm
Based on 31 Dec 2009 financial report, SembCorp has a cash of around $2597.5 million (Sin Dollar), which is around US$1890 million (based on Exchange rate of 1.3737). This is around 11% of the cash SembCorp has.
Latest News Reqarding Cascal Buyout.
SembCorp Industries is now free to move forward with its voluntary tender offer for Cascal's common stock, after the United States District Court denied the latter's request for a preliminary injunction against the offer.
'The judge hearing the matter concluded, among other things, that based on the record before the court there was no likelihood of Cascal succeeding on its legal claims,' Sembcorp said in a statement issued on the Singapore Exchange website this morning.
'The court then denied Cascal's motion for a preliminary injunction and cleared the way for the tender offer to go forward.'
Cascal, a Dutch water firm listed on the New York Stock Exchange, had in previous weeks asked the courts to halt what it termed a 'Sembcorp hostile bid' to buy Biwater Investments' 58.5 per cent stake in Cascal for US$206 million.
Sembcorp Industries Ltd (Sembcorp) today announces that its majority stake in Cascal has risen to 96.43%, with the close of the subsequent offer period of the tender offer (the "Offer") by its wholly-owned subsidiary, Sembcorp Utilities Pte Ltd (Sembcorp Utilities), for all of the issued and outstanding common shares (the "Shares") of Cascal N.V. (Cascal) (NYSE: HOO). The Offer for the Shares, at a price of US$6.75 per Share in cash, less any withholding taxes and without interest, expired as scheduled at 5:00 p.m. New York City time on July 30, 2010. In addition, as Sembcorp has acquired over 95% of Cascal, it intends to complete the acquisition of the company by effecting squeeze-out proceedings under the Dutch Civil Code. The price paid to minority stockholders in such proceedings would be determined by the Dutch Court.