Singapore Technologies Engineering Ltd.

3.35 SGD
+0.03
+0.90%

Singapore
Aug 14, 2018
Ticker
SES(S63)
Prev. close
3.32
Market cap (SGD)
10,366.68M
Market cap (USD)
7,545.31M
Shares
3,122.49M

In the news

Singapore shares rebound amid broader Asian gains May 11, 2018
Singapore, Malaysia stocks rise ahead of US inflation data Mar 13, 2018
Singapore, Malaysia stocks rise to two-week high on US jobs data Mar 12, 2018
ST Engineering plans medical business as population ages Feb 23, 2018
Singapore shares post biggest weekly jump in a year as banks rally Feb 23, 2018

See more articles on Singapore Technologies Engineering Ltd.

Company Background

Singapore Technologies Engineering (ST Engineering) is one of Asia's largest defense and engineering groups. It has over 100 subsidiaries and associate companies spanning in 24 countries, which cover its four core businesses -- aerospace, land systems, electronics and marine. Singapore's sovereign wealth fund, Temasek Holdings, holds a more than 50% stake. In 2013, it acquired 90% of an automotive maintenance company in Brazil. Tan Pheng Hock, a veteran who joined ST Marine in 1981, has led the company as president and CEO since 2002.

ST Engineering was born in 1997 through a merger of four publicly-listed companies. Its origins trace back to 1967, when one of the precursors, Chartered Industries of Singapore, was set up by the newly-independent Singaporean government. Its original role was to make ordnance for the Singapore Armed Forces, and the SAF remains ST Engineering's top client today. The company is now the world's largest producer of 40mm munitions. The company has also diversified over the years, and now supplies both military customers and commercial ones in over 100 countries. Non-defense business makes up more than 60% of total revenue. In aviation services, it is the world's top airframe MRO (maintenance, repair and overhaul) provider, with a large presence in China.

Business Summary

Singapore Technologies Engineering Ltd. is an investment holding company, which engages in the provision of engineering and related services. It operates in the following segments: Aerospace, Electronics, Land Systems, Marine, and Others. The Aerospace segment provides a spectrum maintenance and engineering services that include airframe, engine and component maintenance, repair and overhaul, engineering design and development, technical services, material support, asset management services, and pilot training. The Electronics segment delivers system solutions to government, commercial, defense, and industrial customers. The Land Systems segment handles design and engineering services, manufacture, sales and knowhow transfer of military and commercial vehicles, automotive subsystems, armament, weapons, weapon systems, ammunition, and explosives. The Marine segment produces turnkey building, repair, and conversion services for a wide spectrum of naval and commercial vessels. The Others segment is the research and development, treasury, investment holding, and provision of management, consultancy, integrated logistics management, integrated facilities management, warehousing, and other support services. The company was founded on September 8, 1997 and is headquartered in Singapore.

Financial Highlights

Dec 2017	SGD	USD
Revenue	6,619.49M	4,795.07M
Gross Profit	1,313.92M	951.78M
Operating income	672.26M	486.97M
Income before tax	573.96M	415.77M
Net income	511.88M	370.80M
EBITDA	889.22M	644.13M
Diluted EPS	0.16	0.11
Dividends Per Share	0.15	0.10
Total Assets	8,584.86M	6,423.87M
Total liabilities	6,063.47M	4,537.16M
Total equity	2,239.98M	1,676.12M
Operating cash flow	802.87M	581.59M
	Currency in SGD	Currency in USD

Historical Data

SGD | USD

	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017
Revenue	6,633.15M	6,539.43M	6,335.02M	6,683.73M	6,619.49M
Gross Profit	1,423.39M	1,313.52M	1,277.55M	1,284.75M	1,313.92M
Operating income	680.37M	662.63M	628.76M	626.50M	672.26M
Income before tax	698.61M	593.50M	571.96M	526.86M	573.96M
Net income	580.83M	531.95M	529.03M	484.51M	511.88M
EBITDA	822.42M	833.14M	816.06M	873.83M	889.22M
Diluted EPS	0.18	0.17	0.17	0.15	0.16
Dividends Per Share	0.15	0.15	0.15	0.15	0.15
Total Assets	8,706.64M	8,406.17M	8,263.63M	8,489.95M	8,584.86M
Total liabilities	6,366.08M	6,052.17M	5,918.56M	6,045.75M	6,063.47M
Total equity	2,116.24M	2,132.20M	2,132.05M	2,182.26M	2,239.98M
Operating cash flow	929.04M	628.66M	479.52M	762.66M	802.87M

	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017
Revenue	5,300.90M	5,161.39M	4,606.42M	4,841.01M	4,795.07M
Gross Profit	1,137.51M	1,036.73M	928.95M	930.54M	951.78M
Operating income	543.72M	523.00M	457.19M	453.77M	486.97M
Income before tax	558.29M	468.43M	415.89M	381.60M	415.77M
Net income	464.17M	419.85M	384.68M	350.93M	370.80M
EBITDA	657.24M	657.57M	593.38M	632.91M	644.13M
Diluted EPS	0.14	0.13	0.12	0.11	0.11
Dividends Per Share	0.11	0.11	0.10	0.10	0.10
Total Assets	6,895.80M	6,343.80M	5,825.00M	5,876.62M	6,423.87M
Total liabilities	5,042.04M	4,567.33M	4,171.97M	4,184.78M	4,537.16M
Total equity	1,676.09M	1,609.08M	1,502.87M	1,510.52M	1,676.12M
Operating cash flow	742.44M	496.18M	348.67M	552.39M	581.59M

Valuation Measures

Dec 2017
PER	19.84
ROA	5.99%
ROE	23.15%
Operating margin	10.15%
Profit margin	7.73%

Key executives

President, Chief Executive Officer & Director: Sy Feng Chong
Chief Financial Officer: Chee Keng Foo
Chief Technology Officer: Saik Hay Fong
Chief Corporate Officer: Ai Ching Tan
President-Aerospace: Serh Ghee Lim

Shareholders

Temasek Holdings Pte Ltd. (Investment Company) (49.7%)
Capital Research & Management Co. (Global Investors) (2.3%)
The Vanguard Group, Inc. (1.2%)
Eastspring Investments (Singapore) Ltd. (0.9%)
Temasek Capital Pte Ltd. (0.9%)
BlackRock Fund Advisors (0.8%)
Matthews International Capital Management LLC (0.8%)
Aberdeen Asset Management (Asia) Ltd. (0.8%)
Norges Bank Investment Management (0.8%)
Allianz Global Investors Asia Pacific Ltd. (0.4%)

Contact Details

Website:http://www.stengg.com
Address: ST Engineering Hub, 1 Ang Mo Kio Electronics Park Road, Singapore, 567710, Singapore
Phone: +65.6722.1818

Related Companies

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ST Synthesis Pte Ltd.
ST Engineering Financial II Pte Ltd.
Pacific Flight Service Pte Ltd.
ST Engineering Ventures Pte Ltd.
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Total Engine Asset Management Pte Ltd.
Composite Technology International Pte Ltd.
ST Electronics (Satellite Systems) Pte Ltd.
Singapore Technologies Dynamics Pte Ltd.
ST Engineering Co., Ltd.
ST Aerospace Systems Pte Ltd.
ST Trustees Ltd.
Double Helix Pte Ltd.
ST Electronics (Shanghai) Co., Ltd.
ST Education & Training Pte Ltd.
Singapore Technologies Shipbuilding & Engineering Ltd.
ST Aerospace Engines Pte Ltd.
ST Engineering Financial I Ltd.
FusionTech Pte Ltd.
ST Aerospace Engineering Pte Ltd.
Chartered Industries of Singapore Pte Ltd.
SAS Component AB
Visiontech Investment Pte Ltd.
Vision Technologies Electronics, Inc.
Vision Technologies Systems, Inc.
Singapore Technologies Aerospace Ltd.
ST Electronics (Info-Comm Systems) Pte Ltd.
ST Electronics (Info-Software Systems) Pte Ltd.
Cradance Services Pte Ltd

Competitors

ViaSat, Inc.
SOGECLAIR SA
Chorus Aviation Inc.
Astec Industries, Inc.
Gilat Satellite Networks Ltd.
Comtech Telecommunications Corp.
EchoStar Corporation Class A
NetLink NBN Trust

Last Updated on 14 Aug, 2018

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