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Singapore Technologies Engineering Ltd (SGGKY)

Surévalué
IndustrialsAerospace & DefenseSingapore

Fondamental

55

Prix

$10.83

Capitalisation boursière

$33.75B

Partie 1 · Ce que vaut l'entreprise

Vue d'ensemble

ST Engineering is a Singapore-based technology and engineering group that serves three quite different customer types: airlines needing aircraft maintenance and cabin conversions, governments needing defence equipment and public-safety systems, and cities and transit operators needing rail, smart-city and satellite-communication infrastructure. It grew out of Singapore's state-linked defence industry and remains majority owned by Temasek, the country's sovereign investment company.

Comment l'entreprise gagne de l'argent

Revenue comes from a mix of long-cycle government defence contracts, often spanning years and tied to national budgets, and shorter-cycle commercial work such as aircraft maintenance billed per job or under multi-year service agreements with airlines. The commercial aerospace side tracks global flight activity and airline fleet growth, while the defence and public-security side depends on government procurement timing rather than economic conditions.

Chiffre d'affaires par segment

Defence & Public Security43.2%

Land, naval and defence systems, cybersecurity and public-safety technology sold mainly to Singapore and allied governments.

Commercial Aerospace40.4%

Maintenance, repair and overhaul of commercial aircraft and engines, plus cabin and freighter conversions for airlines and lessors.

Urban Solutions & Satcom16.4%

Rail engineering, smart-city infrastructure and satellite communications equipment sold to transit operators and cities.

Ce qui stimule la demande

Cyclique

The commercial aerospace segment moves with global flight activity and airline capital spending, which contract sharply in aviation downturns, while the defence segment is steadier but still exposed to the timing of government budget and procurement cycles rather than to consumer demand. Public disclosures list a slowdown in global flight activity and renewed supply-chain disruption among the specific risks to results.

Principaux risques

  • Global supply chain disruption — The company names disruption to global supply chains among the factors that may negatively impact its business activities, alongside general industry and economic conditions.
  • Interest rate and capital cost exposure — Interest rate trends and the cost and availability of capital are listed as factors that can affect the company's results, relevant given its use of debt to fund long-cycle contracts and acquisitions.
  • Government policy and procurement timing — Governmental and public policy changes are named as a risk factor, and defence revenue depends on the timing of contract awards and deliveries set by government customers rather than by the company itself.
  • Inflation and cost competition — Inflationary pressure and competition from other companies are listed as factors that can negatively affect business activities, relevant on fixed-price and multi-year contracts where costs are committed in advance.

Written by the editors, published on 18 août 2026

Direct competitors

Who this company fights with for the same customers

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Bilan & Liquidités

Chiffre d'affaires

$12.92B

12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action

Résultat net

$568M

12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action

Flux de trésorerie libre

$879M

Capitaux propres totaux

$2.52B

Passif total

$4.73B

Ratio de liquidité général

0.95

Couverture des intérêts

-

Dette/EBITDA

2.86

Bénéfice par action

Chiffre d'affaires & Résultat net

Flux de trésorerie libre

Décomposition du résultat

État historique

Marges dans le temps

La dette dans le temps

Le poids de la dette

Grille de la croissance

Croissance — Chiffre d'affaires

Estimation de la juste valeur

Cas généralSurévalué

Juste valeur

$6.75

Prix actuel

$10.83

Marge de sécurité

-60.4%

Fourchette de juste valeur

$4.39 - $9.12

Écart entre les méthodes de valorisation utilisées, pas un intervalle de confiance calibré statistiquement.

Méthodes d'estimation

Objectif de cours des analystes:$11.73
Flux de trésorerie actualisés (DCF):$4.80
Multiple de résultat (P/E):$5.13
Formule de croissance de Graham:$1.35
Valeur de la capacité bénéficiaire (EPV):$2.96
P/B justifié:$2.22
Actualisation des dividendes (Gordon):Données insuffisantes pour le calculer
P/FFO, les fonds provenant de l'exploitation:Données insuffisantes pour le calculer
Bénéfices de milieu de cycle:Données insuffisantes pour le calculer
Multiple sur le chiffre d'affaires:$11.78
Consensus des analystes:Acheter (13B / 5H / 1S)
Dernière surprise sur les résultats:-6.71%

Indicateurs de valorisation

Ratio P/E

59.51

ROE

20.7%

Ratio P/B

13.38

P/FCF

38.40

Marge brute

17.8%

ROIC

15.1%

Radar de rentabilité

Création de valeur (avantage concurrentiel)

ROIC

15.1%

WACC

7.3%

ROIC − WACC

+7.8 pp

Le ROIC dépasse le coût du capital — l'entreprise crée de la valeur pour les actionnaires.

Critères d'analyse fondamentale

Réussi (11)

  • Price CAGR 12.47%
  • ROIC 15.1%
  • Debt/Equity ratio
  • Operating Margin 7.5%
  • Positive Free Cash Flow
  • Current Ratio
  • Debt/EBITDA
  • ROE 22.4%
  • Revenue Growth 5Y 11.5%
  • Analyst Consensus 68% Buy
  • Earnings Quality (OCF/NI) 4.12

Échoué (9)

  • Gross Margin 17.8%
  • P/FCF 38.40
  • P/B Ratio 13.38
  • CapEx intensity
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Earnings Surprise avg -6.7%
  • Net Margin Trend 3.7% vs 6.2%
  • Piotroski F-Score 2/9

Indisponible (7)

  • EPS data insufficient
  • Dividend Payout NaN%
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • PEG Ratio (need PE > 0 and growth > 0)
  • Share Dilution (missing shares data)

Score F de Piotroski

2/9

Préoccupations financières sérieuses

score
criteria

Qualité des bénéfices

4.12

Qualité élevée : bénéfices soutenus par la trésorerie

Dilution du capital

-

Rachat d'actions. Favorable aux actionnaires

Participations institutionnelles

Aucune déclaration institutionnelle pour cette entreprise.

Gouvernance

Équipe dirigeante

NomTitreÂge
Mr. Sy Feng ChongGroup President, CEO & Executive Director56
Mr. Chee Keng FooGroup Chief Financial Officer65
Dr. Shiang Long LeeGroup Chief Technology, Engineering & Digital Officer and President & Head of Land Systems59
Ms. Lina PoaGroup Chief Comms Officer & Head Investor Relations-
Ms. Meng Wai LowGroup General Counsel & Company Secretary-
Mr. Jit Chek LimGroup Chief Human Resource Officer-
Mr. Sing Chan NgPresident & Head of Marine64
Mr. Wai Meng LamGroup Deputy Chief Executive Officer53
Ms. Lee Chew TanGroup Chief Commercial Officer of Market Development and President of Smart City & Digital Solutions61
Ms. Wei Ling ChanGroup Chief Strategy & Sustainability Officer and President New Ventures49

Risque d'audit

2

Risque du conseil

1

Risque de rémunération

2

Risque droits des actionnaires

5

Partie 2 · Le prix et le moment d'entrer

Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.

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