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Transportation

Singapore Post Ltd.

  • 1.14 SGD
  • 0.00
  • 0.00%
  • Singapore
    Aug 17, 2018
  • Ticker
    SES(S08)
  • Prev. close
    1.14
  • Market cap (SGD)
    2,593.60M
  • Market cap (USD)
    1,889.49M
  • Shares
    2,275.09M

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 2018 SGDUSD
Revenue1,464.09M1,079.26M
Gross Profit259.09M190.99M
Operating income87.05M64.17M
Income before tax146.20M107.77M
Net income111.52M82.21M
EBITDA147.80M108.95M
Diluted EPS0.040.03
Dividends Per Share0.030.02
Total Assets2,724.70M2,077.85M
Total liabilities1,239.33M945.11M
Total equity1,402.72M1,069.71M
Operating cash flow182.89M134.82M
Currency in SGDCurrency in USD

Historical Data

 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 821.11M 919.58M 1,151.54M 1,347.76M 1,464.09M
Gross Profit 249.07M 255.42M 283.78M 263.73M 259.09M
Operating income 140.63M 134.58M 141.82M 102.47M 87.05M
Income before tax 227.68M 185.85M 278.16M 54.94M 146.20M
Net income 177.08M 142.73M 233.99M 18.52M 111.52M
EBITDA 171.69M 169.12M 173.70M 153.49M 147.80M
Diluted EPS 0.09 0.06 0.10 0.00 0.04
Dividends Per Share 0.06 0.06 0.07 0.03 0.03
Total Assets 1,740.48M 2,210.72M 2,426.48M 2,716.58M 2,724.70M
Total liabilities 972.60M 1,030.24M 1,155.02M 1,256.14M 1,239.33M
Total equity 765.45M 1,117.23M 1,203.56M 1,359.32M 1,402.72M
Operating cash flow 219.12M 222.17M 115.02M 180.81M 182.89M
 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 652.27M 713.65M 830.54M 973.93M 1,079.26M
Gross Profit 197.85M 198.22M 204.68M 190.58M 190.99M
Operating income 111.71M 104.44M 102.28M 74.05M 64.17M
Income before tax 180.86M 144.23M 200.62M 39.70M 107.77M
Net income 140.67M 110.77M 168.76M 13.38M 82.21M
EBITDA 136.38M 131.25M 125.28M 110.92M 108.95M
Diluted EPS 0.07 0.05 0.07 0.00 0.03
Dividends Per Share 0.04 0.04 0.05 0.02 0.02
Total Assets 1,384.02M 1,611.66M 1,801.93M 1,944.16M 2,077.85M
Total liabilities 773.40M 751.07M 857.73M 898.98M 945.11M
Total equity 608.69M 814.49M 893.77M 972.82M 1,069.71M
Operating cash flow 174.06M 172.42M 82.95M 130.66M 134.82M

Valuation Measures

Mar 2018
PER27.84
ROA4.09%
ROE8.07%
Operating margin5.94%
Profit margin7.61%

Key executives

  • CEO & Non-Independent Executive Director: Paul William Coutts
  • Group Chief Financial Officer: Sing Hok Lim
  • Group Chief Information Officer: Kia Hwee Tan
  • Chief Executive Officer-eCommerce: Paul Demirdjian
  • Chief Executive Officer-Postal Service: Keng Leong Woo

Shareholders

  • Singapore Telecommunications Ltd. (21.7%)
  • Alibaba Group Holding Ltd. (14.4%)
  • The Vanguard Group, Inc. (1.5%)
  • Dimensional Fund Advisors LP (0.9%)
  • BlackRock Fund Advisors (0.6%)
  • Norges Bank Investment Management (0.6%)
  • Singapore Post Ltd. (0.6%)
  • NTUC Enterprise Co-operative Ltd. (0.4%)
  • Toh Capital Pte Ltd. (0.4%)
  • Star Resources Pte Ltd. (0.3%)

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

  • bpost SA
Last Updated on 17 Aug, 2018

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