Producer Manufacturing
Keppel Corp. Ltd.
- 5.88 SGD
- -0.01
- -0.17%
Singapore
Aug 16, 2019Ticker
SES(BN4)Prev. close
5.89Market cap (SGD)
10,710.30MMarket cap (USD)
7,725.85MShares
1,818.39M
In the news
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- Asian stocks plunge after Trump imposes fresh tariffs on Chinese goods Aug 2, 2019
- Asian stocks gain as Fed officials' comments boost 50 basis-points rate cut chance Jul 19, 2019
- Property damps Keppel's profit but offshore business improves Jul 18, 2019 See more articles on Keppel Corp. Ltd.
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 | SGD | USD |
| Revenue | 5,964.78M | 4,420.63M |
| Gross Profit | 623.81M | 462.32M |
| Operating income | 230.43M | 170.78M |
| Income before tax | 1,018.37M | 754.74M |
| Net income | 943.82M | 699.49M |
| EBITDA | 412.82M | 305.95M |
| Diluted EPS | 0.51 | 0.38 |
| Dividends Per Share | 0.25 | 0.18 |
| Total Assets | 26,606.32M | 19,520.41M |
| Total liabilities | 15,019.18M | 11,019.21M |
| Total equity | 11,278.21M | 8,274.54M |
| Operating cash flow | 411.57M | 305.02M |
| Currency in SGD | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 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 | 785.61M | 623.81M |
| Operating income | 2,040.25M | 1,453.08M | 969.52M | 408.08M | 230.43M |
| Income before tax | 2,888.61M | 1,997.39M | 1,054.92M | 150.89M | 1,018.37M |
| Net income | 1,884.79M | 1,524.62M | 783.92M | 196.02M | 943.82M |
| EBITDA | 2,305.38M | 1,673.12M | 1,206.00M | 620.46M | 412.82M |
| Diluted EPS | 1.02 | 0.83 | 0.42 | 0.10 | 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 | 28,685.60M | 26,606.32M |
| Total liabilities | 16,920.43M | 17,031.79M | 16,933.84M | 16,712.64M | 15,019.18M |
| Total equity | 10,380.76M | 11,095.66M | 11,658.94M | 11,442.73M | 11,278.21M |
| Operating cash flow | 415.11M | -354.47M | 746.15M | 1,490.70M | 411.57M |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 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 | 569.09M | 462.32M |
| Operating income | 1,610.31M | 1,056.59M | 702.22M | 295.60M | 170.78M |
| Income before tax | 2,279.90M | 1,452.37M | 764.07M | 109.30M | 754.74M |
| Net income | 1,487.61M | 1,108.60M | 567.79M | 141.99M | 699.49M |
| EBITDA | 1,819.57M | 1,216.59M | 873.50M | 449.45M | 305.95M |
| Diluted EPS | 0.81 | 0.60 | 0.31 | 0.07 | 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 | 21,464.82M | 19,520.41M |
| Total liabilities | 12,769.17M | 12,005.63M | 11,721.35M | 12,505.71M | 11,019.21M |
| Total equity | 7,833.94M | 7,821.28M | 8,070.15M | 8,562.35M | 8,274.54M |
| Operating cash flow | 327.64M | -257.75M | 540.43M | 1,079.84M | 305.02M |
Valuation Measures
| Dec 2018 | |
| PER | 11.35 |
| ROA | 3.41% |
| ROE | 8.30% |
| Operating margin | 3.86% |
| Profit margin | 15.82% |
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 Corporate Development: Joo Ling Lim
Shareholders
- Temasek Holdings Pte Ltd. (Investment Company) (21.1%)
- The Vanguard Group, Inc. (2.2%)
- BlackRock Fund Advisors (1.4%)
- Aberdeen Standard Investments (Asia) Ltd. (1.2%)
- Norges Bank Investment Management (1.1%)
- Schroder Investment Management Ltd. (1.0%)
- Dimensional Fund Advisors LP (0.7%)
- JPMorgan Asset Management (Singapore) Ltd. (0.5%)
- SHANWOOD DEVELOPMENT PTE LTD (0.3%)
- Schroder Investment Management (Singapore) 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
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Competitors
- Babcock & Wilcox Enterprises Inc
- Constructions Navales Industrielles de la Mediterranee
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Last Updated on 16 Aug, 2019