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Consumer Services

Singapore Press Holdings Ltd.

  • 2.56 SGD
  • +0.04
  • +1.59%
  • Singapore
    Dec 7, 2018
  • Ticker
    SES(T39)
  • Prev. close
    2.52
  • Market cap (SGD)
    4,033.64M
  • Market cap (USD)
    2,944.47M
  • Shares
    1,600.65M

Company Background

Singapore Press Holdings is the country's largest and most influential newspaper and publishing company. SPH was formed in 1984 through a merger of local newspaper and publishing companies. It publishes nine daily newspapers, ranging from general broadsheet and business daily to evening tabloid and free paper, covering all four of the country's official languages. Although print circulation, including The Straits Times, has been declining, the company has focused on developing online versions of its major papers, and the number of paid subscribers for its online news services is growing. Another pillar of its business is property development. SPH Reit, real estate investment trust with shopping malls under its umbrella, was listed in Singapore in July 2013.

SPH is regulated by the Newspaper and Printing Presses Act. In Singapore, shareholdings of larger than 5% are not allowed without a minister's approval, and none of the company's large shareholders hold more than 2% stakes. Special shares called "management shares," which give holders 200 times more voting power than ordinary shares on the appointment and dismissal of directors or any members of staff, are owned mainly by major Singaporean banks, insurance companies and universities. The Singaporean government has strong ties to SPH's management. Current Chairman Lee Boon Yang held many ministerial posts, and CEO Alan Chan is a former high-ranking civil servant.

Business Summary

Singapore Press Holdings Ltd. engages in the publishing, printing, and distributing of newspapers, magazines, and books. It also provides multimedia content and services, and management services to its subsidiaries. It operates through the following segments: Media, Property, Treasury and Investment, and Others. The Media segment involves the production of content for distribution on print and other media platforms. The Property segment holds, manages, and develops properties of the Group. The Treasury and Investment segment manages the investment activities of the Group. The Other segment includes the group's businesses and investments in online classifieds, events and exhibitions, and the new media fund. The company was founded on August 4, 1984 and is headquartered in Singapore.

Financial Highlights

Aug 2018 SGDUSD
Revenue982.55M731.94M
Gross Profit445.07M331.55M
Operating income276.65M206.08M
Income before tax370.50M276.00M
Net income281.11M209.40M
EBITDA319.59M238.07M
Diluted EPS0.170.12
Dividends Per Share0.130.09
Total Assets6,200.38M4,525.66M
Total liabilities1,972.30M1,439.58M
Total equity3,466.93M2,530.51M
Operating cash flow261.46M194.77M
Currency in SGDCurrency in USD

Historical Data

 Aug 2014Aug 2015Aug 2016Aug 2017Aug 2018
Revenue 1,215.18M 1,177.08M 1,124.34M 1,032.51M 982.55M
Gross Profit 577.32M 568.71M 540.35M 470.07M 445.07M
Operating income 378.76M 369.36M 334.76M 304.97M 276.65M
Income before tax 559.11M 441.46M 368.74M 431.49M 370.50M
Net income 404.28M 321.70M 265.29M 350.08M 281.11M
EBITDA 442.71M 429.98M 390.57M 353.79M 319.59M
Diluted EPS 0.25 0.20 0.16 0.22 0.17
Dividends Per Share 0.21 0.20 0.18 0.15 0.13
Total Assets 6,656.89M 6,074.07M 5,948.03M 6,110.62M 6,200.38M
Total liabilities 2,260.71M 1,727.42M 1,706.62M 1,887.30M 1,972.30M
Total equity 3,687.09M 3,618.81M 3,517.32M 3,488.39M 3,466.93M
Operating cash flow 20.36M 424.21M 353.84M 305.66M 261.46M
 Aug 2014Aug 2015Aug 2016Aug 2017Aug 2018
Revenue 967.86M 882.54M 811.90M 740.06M 731.94M
Gross Profit 459.82M 426.41M 390.19M 336.93M 331.55M
Operating income 301.68M 276.93M 241.73M 218.59M 206.08M
Income before tax 445.32M 330.99M 266.27M 309.27M 276.00M
Net income 322.00M 241.20M 191.57M 250.92M 209.40M
EBITDA 352.61M 322.39M 282.03M 253.58M 238.07M
Diluted EPS 0.19 0.15 0.11 0.15 0.12
Dividends Per Share 0.16 0.14 0.12 0.10 0.09
Total Assets 5,334.26M 4,306.93M 4,364.40M 4,499.72M 4,525.66M
Total liabilities 1,811.54M 1,224.86M 1,252.24M 1,389.76M 1,439.58M
Total equity 2,954.52M 2,565.98M 2,580.86M 2,568.77M 2,530.51M
Operating cash flow 16.22M 318.06M 255.51M 219.09M 194.77M

Valuation Measures

Aug 2018
PER16.47
ROA4.56%
ROE8.08%
Operating margin28.15%
Profit margin28.61%

Key executives

  • Chief Executive Officer & Executive Director: Yat Chung Ng
  • Chief Financial Officer: Hwee Song Chua
  • Chief Technology Officer: Glen Gary Francis
  • Executive VP-Human Resources & Administration: Kam Man Chan
  • Executive Vice President-Corporate Development: Janice Wu

Shareholders

  • The Vanguard Group, Inc. (2.6%)
  • BlackRock Fund Advisors (1.5%)
  • Lee Foundation (1.4%)
  • TD Asset Management, Inc. (1.1%)
  • Norges Bank Investment Management (0.9%)
  • Dimensional Fund Advisors LP (0.8%)
  • CHAN SIEW KIM ALICE (0.6%)
  • Leung-Kai Fook Medical Co. Pte Ltd. (0.6%)
  • Phay Thong Huat Pte Ltd. (0.5%)
  • GAN THIAN CHIN /SINGAPORE PRESS/ (0.5%)

Contact Details

  • Website:http://www.sph.com.sg
  • Address: 1000 Toa Payoh North, News Centre, Singapore, 318994, Singapore
  • Phone: +65.6319.6319

Related Companies

  • SPH Invest Ltd.
  • BNM Content Solutions Pte Ltd.
  • HAN Language Centre Pte Ltd.
  • Invest Healthcare Pte Ltd.
  • SPH Buzz Pte Ltd.
  • SPT Net Pte Ltd.
  • Pacom Media Pte Ltd.
  • SI Portal.com Sdn. Bhd.
  • SPH Ventures Pte Ltd.
  • SPH REIT Management Pte. Ltd.
  • Invest Learning Pte Ltd.
  • CT Point Investments Pte Ltd.
  • SPH Data Services Pte Ltd.
  • Moon Holdings Pte Ltd.
  • SPH Retail Property Management Services Pte Ltd.
  • SPH REIT
  • SGCM Pte Ltd.
  • Business Times
  • 701 SOU (Beijing) Information Technology Co., Ltd.
  • New Beginnings Management Consulting (Shanghai) Co., Ltd.
  • Straits Times Press Pte Ltd.
  • Baiden Barron Smith Ltd.
  • Sphere Exhibits Pte Ltd.
  • Times Development Pte Ltd.
  • Lianhe Investments Pte Ltd.
  • SPH Interactive International Pte Ltd.
  • Straits Times Press (1975) Ltd.
  • SPH AlphaOne Pte Ltd.
  • SPH Interactive Pte Ltd.
  • SPH MediaBoxOffice Pte Ltd.

Competitors

  • CapitaLand Mall Trust
Last Updated on 7 Dec, 2018

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