Electronic Technology
Singapore Technologies Engineering Ltd.
In the news
- Singapore's Temasek joins Facebook-backed Libra currency May 15, 2020
- ST Engineering says coronavirus impact 'not material' Feb 24, 2020
- Asian stocks recover tracking gains in US equities Feb 11, 2020
- Boeing and Thales race to adopt AI, but say it won't kill jobs Feb 11, 2020
- Asian stocks extend losses as China virus kills more people Jan 31, 2020 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 global technology, defense and engineering group. It operates through the following segments: Aerospace, Electronics, Land Systems, Marine, and Others. The Aerospace segment provides a spectrum of aircraft maintenance, engineering and training services for both military and commercial aircraft operators. The Electronics segment specializes in the design, development and delivery of information communications technologies products, solutions and services for smart cities connectivity, mobility and security. The Land Systems segment delivers customized land systems, security solutions and their related through-life support for defense, homeland security and commercial applications. The Marine segment includes turnkey and sustainable defense and commercial solutions to the marine, offshore and environmental engineering industries. The Others segment involves in research and development, provision of engineering products and solutions, treasury, investment holding and provision of management, consultancy and other support services. The firm uses its technology and innovation to solve real-world problems through its diverse portfolio of businesses across the aerospace, smart city, defense and public security segments. The company was founded in 1967 and is headquartered in Singapore.
Financial Highlights
| Dec 2020 | SGD | USD |
| Revenue | 7,158.28M | 5,189.46M |
| Gross Profit | 1,556.86M | 1,128.66M |
| Operating income | 736.45M | 533.90M |
| Income before tax | 504.01M | 365.38M |
| Net income | 521.84M | 378.31M |
| EBITDA | 1,115.08M | 808.39M |
| Diluted EPS | 0.16 | 0.12 |
| Dividends Per Share | 0.15 | 0.10 |
| Total Assets | 9,809.52M | 7,422.17M |
| Total liabilities | 7,234.73M | 5,474.01M |
| Total equity | 2,292.61M | 1,734.66M |
| Operating cash flow | 1,487.75M | 1,078.55M |
| Currency in SGD | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 6,683.73M | 6,521.06M | 6,697.92M | 7,868.27M | 7,158.28M |
| Gross Profit | 1,284.75M | 1,297.71M | 1,393.78M | 1,658.68M | 1,556.86M |
| Operating income | 626.50M | 654.18M | 683.73M | 811.09M | 736.45M |
| Income before tax | 526.86M | 562.48M | 571.69M | 656.26M | 504.01M |
| Net income | 484.51M | 502.63M | 494.24M | 577.94M | 521.84M |
| EBITDA | 873.83M | 871.13M | 927.77M | 1,179.35M | 1,115.08M |
| Diluted EPS | 0.15 | 0.16 | 0.15 | 0.18 | 0.16 |
| Dividends Per Share | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 |
| Total Assets | 8,489.95M | 8,247.39M | 7,876.43M | 9,683.09M | 9,809.52M |
| Total liabilities | 6,045.75M | 5,751.06M | 5,341.82M | 7,192.09M | 7,234.73M |
| Total equity | 2,182.26M | 2,215.01M | 2,246.37M | 2,222.27M | 2,292.61M |
| Operating cash flow | 762.66M | 802.87M | 651.15M | 581.58M | 1,487.75M |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 4,841.01M | 4,723.77M | 4,963.99M | 5,767.69M | 5,189.46M |
| Gross Profit | 930.54M | 940.04M | 1,032.96M | 1,215.87M | 1,128.66M |
| Operating income | 453.77M | 473.87M | 506.72M | 594.56M | 533.90M |
| Income before tax | 381.60M | 407.45M | 423.69M | 481.06M | 365.38M |
| Net income | 350.93M | 364.09M | 366.29M | 423.65M | 378.31M |
| EBITDA | 632.91M | 631.04M | 687.59M | 864.50M | 808.39M |
| Diluted EPS | 0.11 | 0.11 | 0.11 | 0.13 | 0.12 |
| Dividends Per Share | 0.10 | 0.10 | 0.11 | 0.10 | 0.10 |
| Total Assets | 5,876.62M | 6,171.35M | 5,778.75M | 7,201.19M | 7,422.17M |
| Total liabilities | 4,184.78M | 4,303.39M | 3,919.16M | 5,348.67M | 5,474.01M |
| Total equity | 1,510.52M | 1,657.44M | 1,648.11M | 1,652.68M | 1,734.66M |
| Operating cash flow | 552.39M | 581.59M | 482.58M | 426.32M | 1,078.55M |
Valuation Measures
| Dec 2020 | |
| PER | 22.81 |
| ROA | 5.35% |
| ROE | 23.11% |
| Operating margin | 10.28% |
| Profit margin | 7.29% |
Key executives
- President, CEO & Non-Independent Director: Sy Feng Chong
- Chief Operating Officer: Serh Ghee Lim
- Chief Financial Officer: Chee Keng Foo
- Chief Technology & Digital Officer: Weng Yip Chan
- Group Chief Operating Officer: Ravinder Singh
Shareholders
- Temasek Holdings Pte Ltd. (Investment Company) (49.7%)
- Capital Research & Management Co. (Global Investors) (4.4%)
- BlackRock Fund Advisors (1.6%)
- The Vanguard Group, Inc. (1.2%)
- Temasek Capital Pte Ltd. (0.9%)
- Norges Bank Investment Management (0.8%)
- SHANWOOD DEVELOPMENT PTE LTD (0.6%)
- Newton Investment Management Ltd. (0.5%)
- Matthews International Capital Management LLC (0.5%)
- 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
- ST Engineering North America, Inc.
- ST Engineering RHQ Ltd.
- Singapore Technologies Engineering Ltd. /2 Subs/
- ST Engineering Treasury Pte Ltd.
- Pacific Flight Services Pte Ltd.
- ST Synthesis Pte Ltd.
- Precision Products Singapore Pte Ltd.
- Pacific Flight Service Pte Ltd.
- iDirect Asia Pte Ltd.
- ST Engineering Ventures Pte Ltd.
- ST Aerospace International Structures Pte Ltd.
- Moser Marino & Figli SRL
- Singapore Test Services 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.
- ST Electronics (Info-security) Pte Ltd.
- Singapore Technologies Shipbuilding & Engineering Ltd.
- ST Aerospace Engines Pte Ltd.
- ST Engineering Financial I Ltd.
- FusionTech Pte Ltd.
- Chartered Industries of Singapore Pte Ltd.
- SAS Component AB
- Visiontech Investment Pte Ltd.
Competitors
- SOGECLAIR SA
- CZG - Ceska Zbrojovka Group SE
- AerSale Corporation
- Gilat Satellite Networks Ltd.
- Astec Industries, Inc.
- EchoStar Corporation Class A
Copyright © 2021 FactSet Research Systems Inc. All rights reserved.
Last Updated on 24 Sep, 2021
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.