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Producer Manufacturing

Keppel Corp. Ltd.

  • 6.22 SGD
  • -0.03
  • -0.48%
  • Singapore
    Mar 21, 2019
  • Ticker
    SES(BN4)
  • Prev. close
    6.25
  • Market cap (SGD)
    11,364.96M
  • Market cap (USD)
    8,433.44M
  • Shares
    1,818.39M

Company Background

Keppel Corp.'s main pillars are energy-related infrastructure building and real estate development. Wholly owned subsidiary Keppel Offshore & Marine is one of the world's major builders and repairers of offshore oil rigs. It boasts a global network of 20 yards and offices. Another subsidiary, Keppel Land, develops office and residential complexes in Singapore. It is responsible for major projects like the Marina Bay Financial Center. It has been expanding its overseas portfolio, with a focus on China as well as emerging markets like Vietnam and Indonesia.

Keppel Corp. was incorporated as Keppel Shipyard in 1968. It diversified during the 1970s and 1980s, venturing into property development and expanding overseas. Keppel in 1997 participated in establishing M1, one of the city-state's big mobile network operators. It is currently one of M1's largest minority shareholders. Temasek Holdings, a Singapore sovereign wealth fund, is the current largest minority shareholder of Keppel Corp. Loh Chin Hua, who became the company's CEO in January, has over 25 years of experience in real estate and fund management, including with Government of Singapore Investment Corp., another Singapore sovereign wealth fund, and Prudential Investment.

Business Summary

Keppel Corp. Ltd. is an investment holding and management company, which engages in the provision of offshore and marine engineering and construction services. It operates through the following segments: Offshore & Marine, Infrastructure, Property, and Investments. The Offshore & Marine segment includes offshore rig design, construction, repair and upgrading, ship conversions, repair, and specialized shipbuilding. The Infrastructure segment comprises of environmental engineering, power generation, logistics, and data centers businesses. The Property segment covers property development, investment, and fund management services. The Investments segment consists mainly of interest in investment holding companies. The company was founded on August 3, 1968 and is headquartered in Singapore.

Financial Highlights

Dec 2018 SGDUSD
Revenue5,964.78M4,420.63M
Gross Profit606.93M449.81M
Operating income246.22M182.47M
Income before tax1,239.89M918.91M
Net income943.82M699.49M
EBITDA428.60M317.64M
Diluted EPS0.510.38
Dividends Per Share0.250.18
Total Assets26,606.32M19,520.41M
Total liabilities15,019.18M11,019.21M
Total equity11,278.21M8,274.54M
Operating cash flow406.12M300.99M
Currency in SGDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 13,282.97M 10,296.47M 6,767.26M 5,963.77M 5,964.78M
Gross Profit 2,040.25M 1,453.08M 1,171.34M 725.32M 606.93M
Operating income 2,040.25M 1,453.08M 969.52M 370.16M 246.22M
Income before tax 2,888.61M 1,997.39M 1,054.92M 515.56M 1,239.89M
Net income 1,884.79M 1,524.62M 783.92M 216.66M 943.82M
EBITDA 2,305.38M 1,673.12M 1,206.00M 582.54M 428.60M
Diluted EPS 1.02 0.83 0.42 0.11 0.51
Dividends Per Share 0.48 0.34 0.20 0.22 0.25
Total Assets 31,648.07M 28,957.65M 29,267.48M 28,161.98M 26,606.32M
Total liabilities 16,920.43M 17,031.79M 16,933.84M 16,201.54M 15,019.18M
Total equity 10,380.76M 11,095.66M 11,658.94M 11,432.68M 11,278.21M
Operating cash flow 415.11M -354.47M 746.15M 1,665.24M 406.12M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 10,483.88M 7,486.93M 4,901.51M 4,320.07M 4,420.63M
Gross Profit 1,610.31M 1,056.59M 848.40M 525.41M 449.81M
Operating income 1,610.31M 1,056.59M 702.22M 268.14M 182.47M
Income before tax 2,279.90M 1,452.37M 764.07M 373.46M 918.91M
Net income 1,487.61M 1,108.60M 567.79M 156.95M 699.49M
EBITDA 1,819.57M 1,216.59M 873.50M 421.99M 317.64M
Diluted EPS 0.81 0.60 0.31 0.08 0.38
Dividends Per Share 0.37 0.24 0.14 0.15 0.18
Total Assets 23,883.54M 20,412.12M 20,258.52M 21,073.01M 19,520.41M
Total liabilities 12,769.17M 12,005.63M 11,721.35M 12,123.27M 11,019.21M
Total equity 7,833.94M 7,821.28M 8,070.15M 8,554.83M 8,274.54M
Operating cash flow 327.64M -257.75M 540.43M 1,206.27M 300.99M

Valuation Measures

Dec 2018
PER11.36
ROA3.44%
ROE8.31%
Operating margin4.12%
Profit margin15.82%

Key executives

  • Chief Executive Officer & Executive Director: Chin Hua Loh
  • Chief Financial Officer: Hon Chew Chan
  • General Manager-Group Information Systems: Jacob Tong
  • General Manager-Risk & Compliance: Kevin Chng
  • Director-Group Strategy & Development: Sebastien Lamy

Shareholders

  • Temasek Holdings Pte Ltd. (Investment Company) (21.2%)
  • The Vanguard Group, Inc. (2.1%)
  • BlackRock Fund Advisors (1.4%)
  • Aberdeen Standard Investments (Asia) Ltd. (1.3%)
  • Norges Bank Investment Management (1.1%)
  • Schroder Investment Management Ltd. (0.8%)
  • Dimensional Fund Advisors LP (0.6%)
  • JPMorgan Asset Management (Singapore) Ltd. (0.4%)
  • SHANWOOD DEVELOPMENT PTE LTD (0.3%)
  • BlackRock Asset Management North Asia Ltd. (0.3%)

Contact Details

  • Website:http://www.kepcorp.com
  • Address: No. 18-01, Keppel Bay Tower, 1 HarbourFront Avenue, Singapore, 098632, Singapore
  • Phone: +65.6270.6666

Related Companies

  • Flemmington Investments Pte Ltd.
  • Keppel Land (Mayfair) Pte Ltd.
  • Domenico Pte Ltd.
  • Equity Rainbow II Pte Ltd.
  • Chanceroy Pte Ltd.
  • Keppel Almere Pte Ltd.
  • Glendon Pte Ltd.
  • KPN-Keppel Alliance (SK28) Co. Ltd.
  • Keppel Corp. Ltd. /Subsidiaries (2)/
  • Keppel Konnect Pte Ltd.
  • Keppel Logistics (Foshan Sanshui Port) Co., Ltd.
  • Keppel Hong Da (Tianjin Eco-City) Property Dev Co., Ltd.
  • Keppel Hong Yuan (Tianjin Eco-City) Property Dev Co., Ltd
  • Keppel Lakefront (Wuxi) Property Development Co., Ltd.
  • Keppel Nantong Heavy Industry Co., Ltd.
  • Keppel REIT Property Management Pte Ltd.
  • Keppel Tianjin Eco-City Holdings Pte Ltd.
  • Lindel Pte Ltd.
  • Merryfield Investment Pte Ltd.
  • Oceansky Pte Ltd.
  • Parksville Development Pte Ltd.
  • Pembury Properties Ltd.
  • Keppel Heights (Wuxi) Property Development Co., Ltd.
  • KeplandeHub Ltd.
  • Floraville Estate Pte Ltd.
  • Harvestland Development Pte Ltd.
  • Hillsvale Resort Pte Ltd.
  • Hillwest Pte Ltd.
  • Fernvale Pte Ltd.
  • Jilin Sino-Singapore Food Zone Intl Logistics Co., Ltd.

Competitors

  • Babcock & Wilcox Enterprises Inc
  • Constructions Navales Industrielles de la Mediterranee
Last Updated on 21 Mar, 2019

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