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Electronic Technology
Singapore Technologies Engineering Ltd.
- 3.55 SGD
- 0.00
- 0.00%
Singapore
Nov 16, 2018Ticker
SES(S63)Prev. close
3.55Market cap (SGD)
11,084.90MMarket cap (USD)
8,074.63MShares
3,122.50M
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 a technology, defence and engineering company, which specializes in the aerospace, electronics, land systems and marine sectors. It employs about 22,000 people across offices in Asia, the Americas, Europe and the Middle East, serving customers in the defence, government and commercial segments in more than 100 countries. The company with more than 500 smart city projects across 70 cities in its track record, the group continues to help transform cities through its suite of smart mobility, smart security and smart environment solutions. It operates through the following segments: Aerospace, Electronics, Land Systems, and Marine. The Aerospace segment provides spectrum maintenance and engineering services that include air-frame, engine and component maintenance, repair and overhaul, engineering design, development, and technical services; and aviation materials and management services, including total aviation support. The Electronics segment delivers system solutions to government, commercial, defence, and industrial customers. The Land Systems segment provides design and engineering services, manufacture, sales and know-how transfer of military and commercial vehicles, automotive subsystems, robotic systems, armament, weapons, weapon systems, ammunition and explosives. The Marine segment provides turnkey building, repair, and conversion services for a naval and commercial vessel. The company was founded in 1967 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
| 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 Information Officer: Bernard Chew
- Chief Technology Officer: Saik Hay Fong
- 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%)
- Eastspring Investments (Singapore) Ltd. (0.9%)
- Temasek Capital Pte Ltd. (0.9%)
- BlackRock Fund Advisors (0.8%)
- Norges Bank Investment Management (0.8%)
- Matthews International Capital Management LLC (0.7%)
- Allianz Global Investors Asia Pacific Ltd. (0.4%)
- Aberdeen Standard Investments (Asia) Ltd. (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
- 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.
- Cradance Services Pte Ltd
Competitors
- AAR CORP.
- ViaSat, Inc.
- SOGECLAIR SA
- Chorus Aviation Inc.
- Astec Industries, Inc.
- Gilat Satellite Networks Ltd.
- Comtech Telecommunications Corp.
- EchoStar Corporation Class A
- NetLink NBN Trust
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