XSESBWCU
Market cap167mUSD
Aug 28, Last price
0.28SGD
Name
EC World Real Estate Investment Trust
Chart & Performance
P/E
—
P/S
2.11
EPS
—
Div Yield, %
1.28%
Shrs. gr., 5y
0.55%
Rev. gr., 5y
2.27%
Revenues
108m
-11.45%
Net income
-449m
L
CFO
39m
-58.37%
Dividend
Sep 13, 20230.02053 SGD/sh
Earnings
Feb 25, 2025
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 |
|---|---|---|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
| Income | |||||||||
Revenues | 107,648 -11.45% | 121,568 -3.12% | 125,488 14.36% | ||||||
Cost of revenue | 14,593 | 16,677 | 20,046 | ||||||
Unusual Expense (Income) | |||||||||
NOPBT | 93,055 | 104,891 | 105,442 | ||||||
NOPBT Margin | 86.44% | 86.28% | 84.03% | ||||||
Operating Taxes | (108,854) | 22,577 | 20,151 | ||||||
Tax Rate | 21.52% | 19.11% | |||||||
NOPAT | 201,909 | 82,314 | 85,291 | ||||||
Net income | (449,274) -4,543.86% | 10,110 -58.71% | 24,483 58.78% | ||||||
Dividends | (2,896) | (45,921) | (49,673) | ||||||
Dividend yield | 12.74% | 7.99% | |||||||
Proceeds from repurchase of equity | |||||||||
BB yield | |||||||||
| Debt | |||||||||
Debt current | 559,079 | 593,136 | 708,308 | ||||||
Long-term debt | 13,185 | ||||||||
Deferred revenue | 913 | 2,902 | 7,651 | ||||||
Other long-term liabilities | 69 | 38,864 | 63,298 | ||||||
Net debt | 458,115 | 570,799 | 682,755 | ||||||
| Cash flow | |||||||||
Cash from operating activities | 38,948 | 93,558 | 70,214 | ||||||
CAPEX | |||||||||
Cash from investing activities | 25,841 | 53,623 | (375) | ||||||
Cash from financing activities | (63,790) | (163,136) | (85,984) | ||||||
FCF | 540,426 | (128,465) | 32,707 | ||||||
| Balance | |||||||||
Cash | 100,964 | 20,480 | 38,738 | ||||||
Long term investments | 1,857 | ||||||||
Excess cash | 95,582 | 16,259 | 32,464 | ||||||
Stockholders' equity | 261,819 | ||||||||
Invested Capital | 559,340 | 1,228,399 | 1,527,815 | ||||||
ROIC | 22.59% | 5.97% | 5.73% | ||||||
ROCE | 11.98% | 7.37% | 5.78% | ||||||
| EV | |||||||||
Common stock shares outstanding | 809,838 | 809,754 | 807,265 | ||||||
Price | 0.45 -42.21% | 0.77 8.45% | |||||||
Market cap | 360,341 -42.03% | 621,594 8.99% | |||||||
EV | 931,140 | 1,304,349 | |||||||
EBITDA | 93,055 | 104,891 | 105,442 | ||||||
EV/EBITDA | 8.88 | 12.37 | |||||||
Interest | 38,171 | 29,757 | 24,101 | ||||||
Interest/NOPBT | 41.02% | 28.37% | 22.86% | ||||||