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
Financial Highlights
| Dec 2019 | SGD | USD |
| Revenue | 9,618M | 7,050.29M |
| Gross Profit | 1,041M | 763.08M |
| Operating income | 607M | 444.95M |
| Income before tax | 111M | 81.36M |
| Net income | 211M | 154.66M |
| EBITDA | 1,292M | 947.07M |
| Diluted EPS | 0.11 | 0.08 |
| Dividends Per Share | 0.05 | 0.03 |
| Total Assets | 23,252M | 17,292.23M |
| Total liabilities | 16,172M | 12,026.92M |
| Total equity | 6,070M | 4,514.18M |
| Operating cash flow | 730M | 535.11M |
| Currency in SGD | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 9,544.62M | 7,907.04M | 9,026M | 11,689M | 9,618M |
| Gross Profit | 799.00M | 1,088.19M | 1,230M | 911M | 1,041M |
| Operating income | 279.90M | 739.10M | 864M | 550M | 607M |
| Income before tax | 420.15M | 412.31M | 447M | 246M | 111M |
| Net income | 520.91M | 355.87M | 340M | 304M | 211M |
| EBITDA | 684.86M | 1,198.67M | 1,440M | 1,148M | 1,292M |
| Diluted EPS | 0.28 | 0.19 | 0.18 | 0.16 | 0.11 |
| Dividends Per Share | 0.11 | 0.08 | 0.05 | 0.04 | 0.05 |
| Total Assets | 19,915.49M | 22,290.23M | 23,745M | 23,321M | 23,252M |
| Total liabilities | 12,671.88M | 14,928.63M | 16,571M | 16,180M | 16,172M |
| Total equity | 5,630.37M | 5,898.32M | 5,941M | 5,987M | 6,070M |
| Operating cash flow | -861.16M | 549.60M | 432M | 249M | 730M |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 6,940.23M | 5,727.05M | 6,538.31M | 8,662.98M | 7,050.29M |
| Gross Profit | 580.98M | 788.17M | 890.99M | 675.16M | 763.08M |
| Operating income | 203.52M | 535.33M | 625.87M | 407.61M | 444.95M |
| Income before tax | 305.50M | 298.64M | 323.80M | 182.31M | 81.36M |
| Net income | 378.77M | 257.76M | 246.29M | 225.30M | 154.66M |
| EBITDA | 497.98M | 868.19M | 1,043.11M | 850.80M | 947.07M |
| Diluted EPS | 0.21 | 0.14 | 0.13 | 0.12 | 0.08 |
| Dividends Per Share | 0.07 | 0.05 | 0.03 | 0.02 | 0.03 |
| Total Assets | 14,038.34M | 15,428.97M | 17,767.88M | 17,110.05M | 17,292.23M |
| Total liabilities | 8,932.35M | 10,333.37M | 12,399.72M | 11,870.87M | 12,026.92M |
| Total equity | 3,968.82M | 4,082.73M | 4,445.52M | 4,392.51M | 4,514.18M |
| Operating cash flow | -626.18M | 398.07M | 312.93M | 184.53M | 535.11M |
Valuation Measures
| Dec 2019 | |
| PER | 19.39 |
| ROA | 0.90% |
| ROE | 3.50% |
| Operating margin | 6.31% |
| Profit margin | 2.19% |
Key executives
- President & Chief Executive Officer: Kim Yin Wong
- Head-Global Operations Group: Meng Poh Ng
- Group Chief Financial Officer: Graham John Cockroft
- Senior Vice President & Head-Group Legal: Aeron Hong
- Head-Singapore, Southeast Asia & China Energy: Chiap Khiong Koh
Shareholders
- Temasek Holdings Pte Ltd. (Investment Company) (49.2%)
- The Vanguard Group, Inc. (1.5%)
- Dimensional Fund Advisors LP (1.2%)
- Norges Bank Investment Management (0.6%)
- BlackRock Fund Advisors (0.5%)
- BlackRock Advisors (UK) Ltd. (0.3%)
- State Street Global Advisors Singapore Ltd. (0.2%)
- TANG KIN FEI (0.2%)
- HENG SIEW ENG (0.2%)
- Charles Schwab Investment Management, Inc. (0.2%)
Contact Details
- Website:http://www.sembcorp.com
- Address: 30 Hill Street, No. 05-04, Singapore, 179360, Singapore
- Phone: +65.6723.3113
Related Companies
- 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 Investments Ltd.
- Sembcorp Utilities (Chile) SA
- Sembcorp (China) Holding Co. Ltd.
- Sembcorp Development Indonesia Pte Ltd.
- Pulau Holdings Pte Ltd.
- UK Power Reserve Ltd.
- Sembcorp Gulf O&M Co. Ltd. FFZ
- Sembcorp Gayatri Power Ltd.
- Sembcorp Development Ltd.
- SembCorp Financial Services Pte Ltd.
- Sembcorp Construction Pte Ltd.
- Sembawang Corp. Ltd.
- Sembawang Nominees Pte Ltd.
- Sembcorp Parks Holdings Ltd.
- Singapore-Wuxi Investment Holdings Pte Ltd.
- Sembcorp Environment Pte Ltd.
- Sembcorp Utilities Pte Ltd.
Competitors
- Veolia Environnement SA
- Huaneng Power International, Inc. Class H
Copyright © 2020 FactSet Research Systems Inc. All rights reserved.
Last Updated on 20 Oct, 2020
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.