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Transportation

Singapore Post Ltd.

  • 1.32 SGD
  • 0.00
  • 0.00%
  • Singapore
    Apr 19, 2018
  • Ticker
    SES(S08)
  • Prev. close
    1.32
  • Market cap (SGD)
    3,003.11M
  • Market cap (USD)
    2,293.51M
  • Shares
    2,275.08M

Company Background

Singapore Post has roots in a mail office set up inside the former parliament house in the 19th century, when the city-state was a British colony. The company, known as SingPost, was formed in 1992, when the Telecomunication Authority of Singapore was split into three entities. It was listed on the Singapore Exchange in May 2003. Alibaba Investment, a wholly-owned subsidiary of China's e-commerce giant Alibaba Group, in July acquired a stake of about 10% in SingPost. The two companies are eyeing opportunities to set up joint ventures in international e-commerce logistics. Alibaba Investment is the second-largest shareholder in the company, after Singapore Telecommunications.

SingPost is diversifying to tackle a decline in domestic mail volume. Current group CEO Wolfgang Baier, formerly of McKinsey & Company, took the helm in 2011 to lead transformation efforts. He is trying to change SingPost from a domestic postal company into an international logistics and e-commerce operation. To do so, the company has made a series of acquisitions. General Storage Company, a Singapore-based self-storage service operator, was bought in 2013 by SingPost. By acquiring Famous Holdings in 2013, SingPost gained access to the air and sea freight businesses. SingPost is also set to open a new regional logistics hub catered for e-commerce companies in 2016.

Business Summary

Singapore Post Ltd. engages in the provision of of postal, e-Commerce logistics and retail services. It operates through the following segments: Postal, Logistics, and e-Commerce. The Postal segment provides services for collecting, sorting, transporting and distributing domestic and international mail as well as sale of philatelic products, agency services and financial services. The Logistics segment offers logistics solutions, comprising freight, warehousing, domestic and international distribution, and delivery services. The e-Commerce segment provides front-end e-Commerce solutions. The company was founded on March 28, 1992 and is headquartered in Singapore.

Financial Highlights

Mar 2017 SGDUSD
Revenue1,348.50M974.46M
Gross Profit263.73M190.58M
Operating income103.14M74.53M
Income before tax56.12M40.55M
Net income18.52M13.38M
EBITDA154.15M111.39M
Diluted EPS0.000.00
Dividends Per Share0.030.02
Total Assets2,716.58M1,944.16M
Total liabilities1,256.14M898.98M
Total equity1,359.32M972.82M
Operating cash flow180.81M130.66M
Currency in SGDCurrency in USD

Historical Data

 Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Revenue 658.76M 821.11M 919.58M 1,151.54M 1,348.50M
Gross Profit 214.43M 249.07M 255.42M 283.78M 263.73M
Operating income 125.80M 140.63M 134.58M 141.82M 103.14M
Income before tax 166.97M 227.68M 185.85M 278.16M 56.12M
Net income 121.60M 177.08M 142.73M 233.99M 18.52M
EBITDA 162.11M 171.69M 169.12M 173.70M 154.15M
Diluted EPS 0.06 0.09 0.06 0.10 0.00
Dividends Per Share 0.06 0.06 0.06 0.07 0.03
Total Assets 1,554.25M 1,740.48M 2,210.72M 2,426.48M 2,716.58M
Total liabilities 886.20M 972.60M 1,030.24M 1,155.02M 1,256.14M
Total equity 667.48M 765.45M 1,117.23M 1,203.56M 1,359.32M
Operating cash flow 197.43M 219.12M 222.17M 115.02M 180.81M
 Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Revenue 530.00M 652.27M 713.65M 830.54M 974.46M
Gross Profit 172.52M 197.85M 198.22M 204.68M 190.58M
Operating income 101.21M 111.71M 104.44M 102.28M 74.53M
Income before tax 134.33M 180.86M 144.23M 200.62M 40.55M
Net income 97.83M 140.67M 110.77M 168.76M 13.38M
EBITDA 130.43M 136.38M 131.25M 125.28M 111.39M
Diluted EPS 0.05 0.07 0.05 0.07 0.00
Dividends Per Share 0.05 0.04 0.04 0.05 0.02
Total Assets 1,252.82M 1,384.02M 1,611.66M 1,801.93M 1,944.16M
Total liabilities 714.33M 773.40M 751.07M 857.73M 898.98M
Total equity 538.03M 608.69M 814.49M 893.77M 972.82M
Operating cash flow 158.84M 174.06M 172.42M 82.95M 130.66M

Valuation Measures

Mar 2017
PER160
ROA0.72%
ROE1.44%
Operating margin7.64%
Profit margin1.37%

Key executives

  • Chief Executive Officer & Non-Independent Director: Paul William Coutts
  • Group Chief Financial Officer: Sing Hok Mervyn Lim
  • Group Chief Information Officer: Ramesh Narayanaswamy
  • CEO-Postal Service & Senior Executive VP: Keng Leong Woo
  • Chief Executive Officer-Quantum Solutions: Sam Ang

Shareholders

  • Singapore Telecommunications Ltd. (21.7%)
  • Alibaba Group Holding Ltd. (14.4%)
  • The Vanguard Group, Inc. (1.5%)
  • T. Rowe Price Hong Kong Ltd. (1.0%)
  • Dimensional Fund Advisors LP (0.8%)
  • Norges Bank Investment Management (0.6%)
  • BlackRock Fund Advisors (0.6%)
  • Singapore Post Ltd. (0.5%)
  • NTUC Enterprise Co-operative Ltd. (0.4%)
  • TOH LAM TIONG (0.2%)

Contact Details

  • Website:http://www.singpost.com
  • Address: 10 Eunos Road 8, Singapore Post Centre, Singapore, 408600, Singapore
  • Phone: +65.6841.2000

Related Companies

  • Quantium Solutions International (Malaysia) Sdn. Bhd.
  • SP LLC
  • Quantium Solutions (Hong Kong) Ltd.
  • SingPost Investments (eCommerce Logistics) Pte Ltd.
  • SingPost Investments (Tampines) Pte Ltd.
  • Quantium Solutions Holdings Pte Ltd.
  • EK Media Pte Ltd.
  • Singpost Logistics Investments Pte Ltd.
  • Lock Plus Store Tanjong Pagar Pte Ltd.
  • Lock Plus Store Ayer Rajah Pte Ltd.
  • Singpost Investments Pte Ltd.
  • General Storage Co. Pte Ltd.
  • SingPost Ecommerce II Pte Ltd.
  • Quantium Solutions International Pte Ltd.
  • Quantium Solutions (Australia) Pty Ltd.
  • Famous Holdings Pte Ltd.
  • Singapore Post Enterprise Pte Ltd.
  • G3 Worldwide Aspac Pte Ltd.
  • Jagged Peak, Inc.

Competitors

    Last Updated on 19 Apr, 2018

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