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Producer Manufacturing

Keppel Corp. Ltd.

  • 8.00 SGD
  • -0.07
  • -0.87%
  • Singapore
    Apr 19, 2018
  • Ticker
    SES(BN4)
  • Prev. close
    8.07
  • Market cap (SGD)
    14,674.44M
  • Market cap (USD)
    11,207.02M
  • 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 2017 SGDUSD
Revenue5,963.77M4,320.07M
Gross Profit725.32M525.41M
Operating income370.16M268.14M
Income before tax515.56M373.46M
Net income216.66M156.95M
EBITDA582.54M421.99M
Diluted EPS0.110.08
Dividends Per Share0.220.15
Total Assets28,161.98M21,073.01M
Total liabilities16,201.54M12,123.27M
Total equity11,432.68M8,554.83M
Operating cash flow1,665.24M1,206.27M
Currency in SGDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 12,380.41M 13,282.97M 10,296.47M 6,767.26M 5,963.77M
Gross Profit 1,866.23M 2,040.25M 1,453.08M 1,171.34M 725.32M
Operating income 1,866.23M 2,040.25M 1,453.08M 969.52M 370.16M
Income before tax 2,793.74M 2,888.61M 1,997.39M 1,054.92M 515.56M
Net income 1,845.79M 1,884.79M 1,524.62M 783.92M 216.66M
EBITDA 2,108.52M 2,305.38M 1,673.12M 1,206.00M 582.54M
Diluted EPS 1.01 1.02 0.83 0.42 0.11
Dividends Per Share 0.40 0.48 0.34 0.20 0.22
Total Assets 30,165.47M 31,648.07M 28,957.65M 29,267.48M 28,161.98M
Total liabilities 16,476.61M 16,920.43M 17,031.79M 16,933.84M 16,201.54M
Total equity 9,701.18M 10,380.76M 11,095.66M 11,658.94M 11,432.68M
Operating cash flow 892.05M 415.11M -354.47M 746.15M 1,665.24M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 9,893.85M 10,483.88M 7,486.93M 4,901.51M 4,320.07M
Gross Profit 1,491.40M 1,610.31M 1,056.59M 848.40M 525.41M
Operating income 1,491.40M 1,610.31M 1,056.59M 702.22M 268.14M
Income before tax 2,232.62M 2,279.90M 1,452.37M 764.07M 373.46M
Net income 1,475.07M 1,487.61M 1,108.60M 567.79M 156.95M
EBITDA 1,685.03M 1,819.57M 1,216.59M 873.50M 421.99M
Diluted EPS 0.80 0.81 0.60 0.31 0.08
Dividends Per Share 0.31 0.37 0.24 0.14 0.15
Total Assets 23,891.55M 23,883.54M 20,412.12M 20,258.52M 21,073.01M
Total liabilities 13,049.75M 12,769.17M 12,005.63M 11,721.35M 12,123.27M
Total equity 7,683.49M 7,833.94M 7,821.28M 8,070.15M 8,554.83M
Operating cash flow 712.88M 327.64M -257.75M 540.43M 1,206.27M

Valuation Measures

Dec 2017
PER61.76
ROA0.75%
ROE1.87%
Operating margin6.20%
Profit margin3.63%

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: Louis Lim

Shareholders

  • Temasek Holdings Pte Ltd. (Investment Company) (20.4%)
  • The Vanguard Group, Inc. (1.9%)
  • Aberdeen Asset Management (Asia) Ltd. (1.7%)
  • BlackRock Fund Advisors (1.3%)
  • Norges Bank Investment Management (1.0%)
  • Dimensional Fund Advisors LP (0.6%)
  • SHANWOOD DEVELOPMENT PTE LTD (0.3%)
  • BlackRock Asset Management North Asia Ltd. (0.3%)
  • JPMorgan Asset Management (Singapore) Ltd. (0.3%)
  • APG Asset Management NV (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

  • FloaTEC de Mexico SA de CV
  • Wiseland Investment (Myanmar) Ltd.
  • Keppel Shipyard & Keppel Nantong
  • PT Harapan Global Niaga
  • Keppel Land Watco V Co. Ltd.
  • Keppel Land Watco IV Co. Ltd.
  • Riviera Cove Joint Venture LLC
  • VN Investment Pte Ltd.
  • Keppel Land Thu Thiem Pte Ltd.
  • Keppel Container Line Pte Ltd.
  • Solitaire Marine Contractors SA/NV
  • Keppel FELS Energy, Inc.
  • Keppel XTE Investments Pte Ltd.
  • Keppel Energy Services Pte Ltd.
  • Keppel FELS Power Pte Ltd.
  • AAMTF II (Ex-Korea) Pte Ltd.
  • Keppel Capital Holdings Pte Ltd.
  • Keppel Capital Pte Ltd.
  • Keppel Capital One Pte Ltd.
  • Keppel Infrastructure Holdings Pte Ltd.
  • Keppel GMTE Pte Ltd.
  • Straits Grid Pte Ltd.
  • Termoguayas Generation SA
  • Meridian Generation Pte Ltd.
  • Willalpha Ltd.
  • Keppel Land China Ltd.
  • KV Ventus BV
  • Avenue Park Development Pte Ltd.
  • Keppel Seghers Tuas Waste-To-Energy Plant Pte Ltd.
  • Keppel Seghers GmbH

Competitors

  • Babcock & Wilcox Enterprises Inc
  • Mitsubishi Heavy Industries, Ltd.
  • Constructions Navales Industrielles de la Mediterranee
Last Updated on 19 Apr, 2018

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