Asia300

Singapore Press Holdings Ltd.

Singapore

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Apr 26, 2017
Prev close: 3.47
Apr 26, 2017
Market cap:
Market cap(USD):
5,554.25M
3,983.22M
Shares: 1,600.64M

Currency in SGD

Company profile

Market(Ticker): SES(T39)
Sector:
Industry:
Consumer Services
Publishing: Newspapers
Full time employees: 3,800

Business summary

Singapore Press Holdings Ltd. engages in the publishing, printing and distributing newspapers, and distributing magazines and books. The company also engages in the provision of multimedia content and services, and management services to its subsidiaries. It operates its business through the following segments: Media, Property, Treasury and Investment. The Media segment is involved in the production of content for distribution on print and other media platforms. The Property segment holds, manages and develops properties of the Group. The Treasury and Investment segment manages the investment activities of the Group. Singapore Press Holdings was founded on August 4, 1984 and is headquartered in Singapore.

Company background

Singapore Press Holdings is the country's largest and most influential newspaper and publishing company. SPH was formed in 1984 through a merger of local newspaper and publishing companies. It publishes nine daily newspapers, ranging from general broadsheet and business daily to evening tabloid and free paper, covering all four of the country's official languages. Although print circulation, including The Straits Times, has been declining, the company has focused on developing online versions of its major papers, and the number of paid subscribers for its online news services is growing. Another pillar of its business is property development. SPH Reit, real estate investment trust with shopping malls under its umbrella, was listed in Singapore in July 2013.

SPH is regulated by the Newspaper and Printing Presses Act. In Singapore, shareholdings of larger than 5% are not allowed without a minister's approval, and none of the company's large shareholders hold more than 2% stakes. Special shares called "management shares," which give holders 200 times more voting power than ordinary shares on the appointment and dismissal of directors or any members of staff, are owned mainly by major Singaporean banks, insurance companies and universities. The Singaporean government has strong ties to SPH's management. Current Chairman Lee Boon Yang held many ministerial posts, and CEO Alan Chan is a former high-ranking civil servant.

In the news

Financial highlights

Aug 2016

  • Local currency
  • US Dollar
Revenue 1,124.34M
Gross profit 540.35M
Operating income 334.76M
Income before tax 368.74M
Net income 265.29M
EBITDA 390.57M
Diluted EPS 0.16
Dividends per share 0.18
Total assets 5,948.03M
Total liabilities 1,706.62M
Total equity 3,517.32M
Operating cash flow 353.84M

Currency in SGD

Revenue 811.90M
Gross profit 390.19M
Operating income 241.73M
Income before tax 266.27M
Net income 191.57M
EBITDA 282.03M
Diluted EPS 0.11
Dividends per share 0.12
Total assets 4,364.40M
Total liabilities 1,252.24M
Total equity 2,580.86M
Operating cash flow 255.51M

Currency in USD

Valuation measures

Aug 2016

PER 23.56
ROA 4.41%
ROE 7.43%
Operating margin 29.77%
Profit margin 23.59%

Key executive

  • CEO, COO & Non-Independent Executive Director: Heng Loon Chan
  • Chief Financial Officer: Anthony Mallek
  • Executive Vice President-Technology: Huan Ping Low
  • Executive VP-Human Resources & Administration: Kam Man Chan
  • Deputy Chief Executive Officer: Patrick Daniel

Share holders

  • The Vanguard Group, Inc.(2.1%)
  • Lee Foundation(1.4%)
  • BlackRock Fund Advisors(1.4%)
  • TD Asset Management, Inc.(0.9%)
  • LEE FAMILY /OCBC/(0.7%)
  • Norges Bank Investment Management(0.7%)
  • CHAN SIEW KIM ALICE(0.6%)
  • Leung-Kai Fook Medical Co. Pte Ltd.(0.6%)
  • Phay Thong Huat Pte Ltd.(0.6%)
  • Forsta AP-fonden(0.5%)

Address

  • Website: http://www.sph.com.sg
  • Address: 1000 Toa Payoh North, News Centre, Singapore, 318994, Singapore
  • Phone: +65.6319.6319

Copyright © 2017 FactSet Research Systems Inc. All rights reserved.