Utilities
Sembcorp Industries Ltd.
In the news
- Singapore's vital marine sector under pressure to restructure Aug 14, 2020
- Asian stocks recover tracking gains in US equities Feb 11, 2020
- Asian stocks fall to end three-day winning streak ahead of key US jobs data Feb 7, 2020
- Asian stocks slump after China virus kills six and infects 300 Jan 21, 2020
- Asian shares rebound on US-China trade truce signal Nov 15, 2019 See more articles on Sembcorp Industries Ltd.
Company Background
One of Singapore's biggest conglomerates, Sembcorp Industries has three core businesses: marine, utility and urban development. The marine and offshore business is conducted by publicly-listed subsidiary Sembcorp Marine, whose jack-up rigs and other platforms are used in major offshore oil production sites all over the world. At the west tip of Singapore, a major development to consolidate all existing shipyards to form one large-scale facility, dubbed Sembmarine Integrated Yard @ Tuas, is underway.
In the urban development business, Sembcorp is playing a key role in several government-led industrial park development projects in Vietnam and China. The utility business, which ranges from gas to power generation to water processing, was accelerated by current Group President and CEO Tang Kin Fei. Joining Sembawang Corp., the predecessor to Sembcorp, in 1987, Tang reached the top post in 2005. With Tang at the helm, the company won the bid for a water desalination and power plant project in the United Arab Emirates in 2006, its first key project in the Middle East in this area. Temasek Holdings is the largest shareholder of the company, with about 50% ownership.
Business Summary
Sembcorp Industries Ltd. is an investment holding company, which engages in the production and supply of utilities services, terminalling and storage of petroleum products and chemicals, and the provision of energy and urban solutions. It operates through the following segments: Renewables, Integrated Urban Solutions, Conventional Energy, and Other Businesses and Corporate. The Renewables segment provides electricity from solar and wind resources, energy storage, system services that support integration of renewables into grid, and trading of Energy Attribute Certificates. The Integrated Urban Solutions segment supports sustainable development through its suite of urban, water as well as waste and waste-to-resource solutions. The Conventional Energy segment deals with the sale of energy molecules including natural gas, steam and electricity from a diversity of fossil fuels such as natural gas and coal. The Other Businesses and Corporate segment refer to businesses mainly relating to specialized construction, minting, the Group’s captive insurance and financial services, as well as corporate costs. The company was founded on May 20, 1998 and is headquartered in Singapore.
Financial Highlights
| Dec 2021 | SGD | USD |
| Revenue | 7,795M | 5,800.44M |
| Gross Profit | 1,105M | 822.25M |
| Operating income | 680M | 506.00M |
| Income before tax | 217M | 161.47M |
| Net income | 279M | 207.61M |
| EBITDA | 1,138M | 846.81M |
| Diluted EPS | 0.15 | 0.11 |
| Dividends Per Share | 0.05 | 0.03 |
| Total Assets | 14,395M | 10,677.59M |
| Total liabilities | 10,474M | 7,769.16M |
| Total equity | 3,767M | 2,794.19M |
| Operating cash flow | 1,014M | 754.54M |
| Currency in SGD | Currency in USD |
Historical Data
| Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
| Revenue | 9,026M | 11,689M | 6,735M | 5,447M | 7,795M |
| Gross Profit | 1,230M | 911M | 1,135M | 856M | 1,105M |
| Operating income | 864M | 550M | 779M | 518M | 680M |
| Income before tax | 447M | 246M | 262M | -22M | 217M |
| Net income | 340M | 304M | 269M | 140M | 279M |
| EBITDA | 1,440M | 1,148M | 1,217M | 963M | 1,138M |
| Diluted EPS | 0.18 | 0.16 | 0.11 | -0.56 | 0.15 |
| Dividends Per Share | 0.05 | 0.04 | 0.05 | 0.04 | 0.05 |
| Total Assets | 23,745M | 23,321M | 23,252M | 13,562M | 14,395M |
| Total liabilities | 16,571M | 16,180M | 16,172M | 10,082M | 10,474M |
| Total equity | 5,941M | 5,987M | 6,070M | 3,339M | 3,767M |
| Operating cash flow | 432M | 249M | 730M | -576M | 1,014M |
| Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
| Revenue | 6,538.31M | 8,662.98M | 4,936.96M | 3,948.85M | 5,800.44M |
| Gross Profit | 890.99M | 675.16M | 831.99M | 620.56M | 822.25M |
| Operating income | 625.87M | 407.61M | 571.03M | 375.52M | 506.00M |
| Income before tax | 323.80M | 182.31M | 192.05M | -15.94M | 161.47M |
| Net income | 246.29M | 225.30M | 197.18M | 101.49M | 207.61M |
| EBITDA | 1,043.11M | 850.80M | 892.09M | 698.13M | 846.81M |
| Diluted EPS | 0.13 | 0.12 | 0.08 | -0.41 | 0.11 |
| Dividends Per Share | 0.03 | 0.02 | 0.03 | 0.02 | 0.03 |
| Total Assets | 17,767.88M | 17,110.05M | 17,292.23M | 10,261.41M | 10,677.59M |
| Total liabilities | 12,399.72M | 11,870.87M | 12,026.92M | 7,628.34M | 7,769.16M |
| Total equity | 4,445.52M | 4,392.51M | 4,514.18M | 2,526.38M | 2,794.19M |
| Operating cash flow | 312.93M | 184.53M | 535.11M | -417.57M | 754.54M |
Valuation Measures
| Dec 2021 | |
| PER | 12.78 |
| ROA | 1.99% |
| ROE | 7.85% |
| Operating margin | 8.72% |
| Profit margin | 3.57% |
Key executives
- Group President, CEO & Director: Kim Yin Wong
- Group Chief Financial Officer: Chee Mun Cheng
- Chief Executive Officer-Development: Kelvin Teo
- CEO-Singapore & Southeast Asia: Chiap Khiong Koh
- Chief Executive Officer-South Asia: Vipul Tuli
Shareholders
- Temasek Holdings Pte Ltd. (Investment Company) (49.5%)
- The Vanguard Group, Inc. (1.3%)
- ARGA Investment Management LP (1.1%)
- Capital Research & Management Co. (Global Investors) (0.9%)
- Norges Bank Investment Management (0.8%)
- Nikko Asset Management Asia Ltd. (0.8%)
- PineBridge Investments Asia Ltd. (0.7%)
- BlackRock Fund Advisors (0.7%)
- Victory Capital Management, Inc. (Investment Management) (0.5%)
- Dimensional Fund Advisors LP (0.4%)
Contact Details
- Website:http://www.sembcorp.com
- Address: 30 Hill Street, No. 05-04, Singapore, 179360, Singapore
- Phone: +65.6723.3113
Related Companies
- Hung Viethung Viet Phat Solar Power Technology Co. Ltd.
- Sembcorp Energy (Shanghai) Holding Co., Ltd.
- Sembcorp Industries Ltd. /Subsidiaries 2/
- Sembcorp North-West Power Co. Ltd.
- Sembcorp Myingyan Power Co. Ltd.
- Repono Interco Ltd.
- Sembcorp Xinmin Water Co. Ltd.
- Sembcorp Properties (China) Pte Ltd.
- Sembcorp Myingyan Power Company (Singapore) Pte Ltd.
- Singapore Precision Industries Pte Ltd.
- Nanjing Riverside Quay Co., Ltd.
- Singapore Technologies Industrial Corp. Ltd.
- Sembcorp India Pvt Ltd.
- Singapore Intelligent Eco Island Development Pte Ltd.
- Sembcorp Utilities (Netherlands) NV
- China Water Co. Yancheng Ltd.
- Sembcorp Holdings Ltd.
- Sembcorp Utilities (Chile) SA
- Sembcorp (China) Holding Co. Ltd.
- Sembcorp Development Indonesia Pte Ltd.
- AES Hulunbeier Wind Power Co. Pte Ltd.
- AES Huanghua Pte Ltd.
- Pulau Holdings Pte Ltd.
- UK Power Reserve Ltd.
- Sembcorp Gulf O&M Co. Ltd. FFZ
- SembWaste Pte Ltd.
- Sembcorp Development Ltd.
- SembCorp Financial Services Pte Ltd.
- Sembcorp Construction Pte Ltd.
- Sembawang Corp. Ltd.
Competitors
- Huaneng Power International, Inc. Class H
- Veolia Environnement SA
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