XSES
BWCU
Market cap175mUSD
Aug 28, Last price
0.28SGD
Name
EC World Real Estate Investment Trust
Chart & Performance
Profile
Listed on 28 July 2016, EC World REIT is the first Chinese specialised logistics and e-commerce logistics REIT listed on Singapore Exchange Securities Trading Limited (SGX-ST). With its portfolio of eight quality properties located predominantly in one of the largest e-commerce clusters in the Yangtze River Delta, EC World REIT offers investors unique exposure to the logistics and e-commerce sectors in Hangzhou and Wuhan, the People's Republic of China (PRC). EC World REIT's investment strategy is to invest principally, directly or indirectly, in a diversified portfolio of income-producing real estate which is used primarily for e-commerce, supply-chain management and logistics purposes, as well as real estate-related assets, with an initial geographical focus on the PRC. EC World REIT is listed in several indices. These include the FTSE ASEAN All-Share Index, FTSE ST All-Share Index, FTSE ST China Index and FTSE ST Singapore Shariah Index. EC World REIT is managed by EC World Asset Management Pte. Ltd., which is an indirect wholly-owned subsidiary of the Sponsor Forchn Holdings Group Co., Ltd. Established in 1992 and headquartered in Shanghai, the Sponsor is a conglomerate with businesses in supply chain, intelligent manufacturing, medical care and healthcare, finance and other sectors.
Valuation
Title SGD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | ||||||||||
Revenues | 92,208 -14.34% | 107,648 -11.45% | 121,568 -3.12% | |||||||
Cost of revenue | 15,790 | 14,593 | 16,677 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 76,418 | 93,055 | 104,891 | |||||||
NOPBT Margin | 82.88% | 86.44% | 86.28% | |||||||
Operating Taxes | (6,131) | (108,854) | 22,577 | |||||||
Tax Rate | 21.52% | |||||||||
NOPAT | 82,549 | 201,909 | 82,314 | |||||||
Net income | (64,861) -85.56% | (449,274) -4,543.86% | 10,110 -58.71% | |||||||
Dividends | (2,896) | (45,921) | ||||||||
Dividend yield | 12.74% | |||||||||
Proceeds from repurchase of equity | ||||||||||
BB yield | ||||||||||
Debt | ||||||||||
Debt current | 473,260 | 559,079 | 593,136 | |||||||
Long-term debt | 7,122 | |||||||||
Deferred revenue | 699 | 913 | 2,902 | |||||||
Other long-term liabilities | 2,540 | 69 | 38,864 | |||||||
Net debt | 475,869 | 458,115 | 570,799 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 4,775 | 38,948 | 93,558 | |||||||
CAPEX | ||||||||||
Cash from investing activities | (1,642) | 25,841 | 53,623 | |||||||
Cash from financing activities | (6,057) | (63,790) | (163,136) | |||||||
FCF | 142,458 | 540,426 | (128,465) | |||||||
Balance | ||||||||||
Cash | 4,513 | 100,964 | 20,480 | |||||||
Long term investments | 1,857 | |||||||||
Excess cash | 95,582 | 16,259 | ||||||||
Stockholders' equity | 154,438 | 261,819 | ||||||||
Invested Capital | 515,684 | 559,340 | 1,228,399 | |||||||
ROIC | 15.36% | 22.59% | 5.97% | |||||||
ROCE | 12.38% | 11.98% | 7.37% | |||||||
EV | ||||||||||
Common stock shares outstanding | 809,838 | 809,838 | 809,754 | |||||||
Price | 0.45 -42.21% | |||||||||
Market cap | 360,341 -42.03% | |||||||||
EV | 931,140 | |||||||||
EBITDA | 76,418 | 93,055 | 104,891 | |||||||
EV/EBITDA | 8.88 | |||||||||
Interest | 49,900 | 38,171 | 29,757 | |||||||
Interest/NOPBT | 65.30% | 41.02% | 28.37% |