Kim Heng Ltd

Chart & Performance

D1W1MN

P/E

36.49

P/S

0.56

EPS

0.00

Div Yield, %

3.50%

Shrs. gr., 5y

-0.10%

Rev. gr., 5y

21.60%

Revenues

101m

+26.74%

Net income

-78.75%

CFO

-86.61%

Dividend

Jun 21, 20240.002126 SGD/sh

Earnings

Feb 21, 2025

Profile

Kim Heng Limited, an investment holding company, provides integrated offshore and marine value chain services in Southeast Asia, Australasia, the Middle East, and Europe. The company operates in two segments, Offshore Rig Services and Supply Chain Management; and Vessel Sales and Newbuild. It offers a range of products and services that caters to various stages of marine infrastructure projects, and offshore oil and gas projects from oil exploration to field development and oil production; and ventures into the offshore wind renewable market. The company also operates shipyards that enable the company to carry out various services, including offshore rig repair, maintenance and refurbishment, fabrication, vessel newbuilding, and afloat repairs, as well as support new businesses in the renewable and marine construction markets; and a fleet of anchor handling tugs, barges, and cranes for sale and rent; and provides other services, such as maintenance, trading, and sale of heavy equipment. In addition, it engages in chartering, freight, servicing, and repair of vessels; trades in drill pipes and related drilling materials; services and rental of marine equipment and cranes; provision of port operation, offshore engineering, and shipbuilding services; and labor supply activities. Further, the company offers repairing and/or docking of ships and various vessels, supply chain and crew management, and heavy-lift equipment; salvaging distressed vessels and cargos; freight forwarding, packing, and crating services; general agent services for electronic cargo tracking note; cranes and industrial equipment lease, sale, repair and maintenance, and after sale services; marine support services; and marine transportation and logistics related services. The company was formerly known as Kim Heng Offshore & Marine Holdings Limited and changed its name to Kim Heng Limited in May 2021. Kim Heng Limited was founded in 1968 and is headquartered in Singapore.

URL

https://www.kimheng.com.sg/

IPO date

Jan 22, 2014

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title SGD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title SGD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	101,194 26.74%	79,841 26.29%	63,222 67.95%
Cost of revenue	88,402	69,608	60,996
Unusual Expense (Income)
NOPBT	12,792	10,233	2,226
NOPBT Margin	12.64%	12.82%	3.52%
Operating Taxes	3,716	2,298	1,462
Tax Rate	29.05%	22.46%	65.68%
NOPAT	9,076	7,935	764
Net income	1,565 -78.75%	7,365 -225.00%	(5,892) 11.93%
Dividends	(2,000)
Dividend yield	3.54%
Proceeds from repurchase of equity		(140)	(43)
BB yield		0.24%	0.08%
Debt
Debt current	28,351	19,373	19,382
Long-term debt	48,762	44,402	52,279
Deferred revenue
Other long-term liabilities
Net debt	66,139	51,259	64,032
Cash flow
Cash from operating activities	2,550	19,047	3,688
CAPEX	(11,448)	(12,442)	(8,818)
Cash from investing activities	(3,852)	(320)	3,340
Cash from financing activities	(628)	(14,134)	(5,658)
FCF	(9,671)	14,284	(3,069)
Balance
Cash	10,974	12,516	7,629
Long term investments
Excess cash	5,914	8,524	4,468
Stockholders' equity	97,186	97,048	88,565
Invested Capital	118,654	104,642	109,668
ROIC	8.13%	7.41%	0.71%
ROCE	9.83%	8.79%	1.92%
EV
Common stock shares outstanding	705,442	706,120	707,487
Price	0.08 -4.76%	0.08 7.69%	0.08 143.75%
Market cap	56,435 -4.85%	59,314 7.48%	55,184 143.50%
EV	129,859	117,694	125,039
EBITDA	21,524	18,651	9,461
EV/EBITDA	6.03	6.31	13.22
Interest	3,110	2,376	1,836
Interest/NOPBT	24.31%	23.22%	82.48%