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Singapore Technologies Engineering Ltd.
- 3.72 SGD
- -0.03
- -0.80%
Singapore
Mar 25, 2019Ticker
SES(S63)Prev. close
3.75Market cap (SGD)
11,709.35MMarket cap (USD)
8,669.57MShares
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
Financial Highlights
| Dec 2018 | SGD | USD |
| Revenue | 6,697.92M | 4,963.99M |
| Gross Profit | 1,405.53M | 1,041.67M |
| Operating income | 695.48M | 515.44M |
| Income before tax | 571.69M | 423.69M |
| Net income | 494.24M | 366.29M |
| EBITDA | 939.53M | 696.30M |
| Diluted EPS | 0.15 | 0.11 |
| Dividends Per Share | 0.15 | 0.11 |
| Total Assets | 7,573.02M | 5,556.14M |
| Total liabilities | 5,038.41M | 3,696.55M |
| Total equity | 2,246.37M | 1,648.11M |
| Operating cash flow | 651.15M | 482.58M |
| Currency in SGD | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 6,539.43M | 6,335.02M | 6,683.73M | 6,619.49M | 6,697.92M |
| Gross Profit | 1,313.52M | 1,277.55M | 1,284.75M | 1,313.92M | 1,405.53M |
| Operating income | 662.63M | 628.76M | 626.50M | 672.26M | 695.48M |
| Income before tax | 593.50M | 571.96M | 526.86M | 573.96M | 571.69M |
| Net income | 531.95M | 529.03M | 484.51M | 511.88M | 494.24M |
| EBITDA | 833.14M | 816.06M | 873.83M | 889.22M | 939.53M |
| Diluted EPS | 0.17 | 0.17 | 0.15 | 0.16 | 0.15 |
| Dividends Per Share | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 |
| Total Assets | 8,406.17M | 8,263.63M | 8,489.95M | 8,584.86M | 7,573.02M |
| Total liabilities | 6,052.17M | 5,918.56M | 6,045.75M | 6,063.47M | 5,038.41M |
| Total equity | 2,132.20M | 2,132.05M | 2,182.26M | 2,239.98M | 2,246.37M |
| Operating cash flow | 628.66M | 479.52M | 762.66M | 802.87M | 651.15M |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 5,161.39M | 4,606.42M | 4,841.01M | 4,795.07M | 4,963.99M |
| Gross Profit | 1,036.73M | 928.95M | 930.54M | 951.78M | 1,041.67M |
| Operating income | 523.00M | 457.19M | 453.77M | 486.97M | 515.44M |
| Income before tax | 468.43M | 415.89M | 381.60M | 415.77M | 423.69M |
| Net income | 419.85M | 384.68M | 350.93M | 370.80M | 366.29M |
| EBITDA | 657.57M | 593.38M | 632.91M | 644.13M | 696.30M |
| Diluted EPS | 0.13 | 0.12 | 0.11 | 0.11 | 0.11 |
| Dividends Per Share | 0.11 | 0.10 | 0.10 | 0.10 | 0.11 |
| Total Assets | 6,343.80M | 5,825.00M | 5,876.62M | 6,423.87M | 5,556.14M |
| Total liabilities | 4,567.33M | 4,171.97M | 4,184.78M | 4,537.16M | 3,696.55M |
| Total equity | 1,609.08M | 1,502.87M | 1,510.52M | 1,676.12M | 1,648.11M |
| Operating cash flow | 496.18M | 348.67M | 552.39M | 581.59M | 482.58M |
Valuation Measures
| Dec 2018 | |
| PER | 22.01 |
| ROA | 6.11% |
| ROE | 22.03% |
| Operating margin | 10.38% |
| Profit margin | 7.37% |
Key executives
- President, Chief Executive Officer & Director: Sy Feng Chong
- Chief Financial Officer: Chee Keng Foo
- Chief Information Officer: Bernard Chew
- Chief Technology & Digital Officer: Weng Yip Chan
- Chief Corporate Officer: Ai Ching Tan
Shareholders
- Temasek Holdings Pte Ltd. (Investment Company) (49.7%)
- Capital Research & Management Co. (Global Investors) (2.3%)
- The Vanguard Group, Inc. (1.3%)
- BlackRock Fund Advisors (1.0%)
- Temasek Capital Pte Ltd. (0.9%)
- Norges Bank Investment Management (0.8%)
- Eastspring Investments (Singapore) Ltd. (0.7%)
- Allianz Global Investors Asia Pacific Ltd. (0.5%)
- Matthews International Capital Management LLC (0.4%)
- Massachusetts Financial Services Co. (0.4%)
Contact Details
- Website:http://www.stengg.com
- Address: No. 07-01, ST Engineering Hub, 1 Ang Mo Kio Electronics Park Road, Singapore, 567710, Singapore
- Phone: +65..6722.1818
Related Companies
- Singapore Technologies Engineering Ltd. /2 Subs/
- Pacific Flight Services Pte Ltd.
- ST Synthesis Pte Ltd.
- ST Engineering Financial II Pte Ltd.
- Pacific Flight Service Pte Ltd.
- ST Engineering Ventures Pte Ltd.
- Moser Marino & Figli SRL
- 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.
Competitors
- AAR CORP.
- ViaSat, Inc.
- SOGECLAIR SA
- Astec Industries, Inc.
- Gilat Satellite Networks Ltd.
- Comtech Telecommunications Corp.
- EchoStar Corporation Class A
Copyright © 2019 FactSet Research Systems Inc. All rights reserved.
Last Updated on 25 Mar, 2019