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Singapore Technologies Engineering Ltd (SGGKY)

NEUTRAL
IndustrialsAerospace & DefenseSingapore

Fundamental

52

Precio

$10.71

Capitalización Bursátil

$33.19B

Parte 1 · Cuánto vale la empresa

Resumen

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.

Cómo genera ingresos

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.

Ingresos por segmento

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.

Qué impulsa la demanda

Cíclico

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.

Riesgos clave

  • 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 de agosto de 2026

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Balance y Liquidez

Ingresos

$12.13B

Beneficio Neto

$455M

Flujo de Caja Libre

-

Patrimonio Neto Total

$2.58B

Pasivo Total

-

Ratio de Liquidez

0.95

Cobertura de Intereses

-

Deuda/EBITDA

2.86

Beneficio Por Acción

Ingresos y Beneficio Neto

Flujo de Caja Libre

Desglose de Ingresos

Estado histórico

Márgenes en el tiempo

La deuda en el tiempo

Cuánto pesa la deuda

Cuadro de crecimiento

Crecimiento — Ingresos

Estimación de Valor Justo

Sobrevalorado

Valor Justo

$6.75

Precio Actual

$10.71

Margen de Seguridad

-58.7%

Rango de Valor Justo

$4.39 - $9.11

Métodos de Estimación

Analyst Target:$11.57
DCF:$4.88
PE-based:$5.39
Graham Growth:$1.35
EPV:$2.54
Consenso de Analistas:Comprar (12B / 6H / 1S)
Última Sorpresa de Resultados:-6.71%

Métricas de Valoración

Ratio P/E

60.94

ROE

17.5%

Ratio P/B

13.56

P/FCF

38.93

Margen Bruto

19.3%

ROIC

15.1%

Radar de Rentabilidad

Value Creation (Economic Moat)

ROIC

15.1%

WACC

7.2%

ROIC − WACC

+7.9 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Criterios de Análisis Fundamental

Superado (7)

  • Price CAGR 12.46%
  • ROIC 15.1%
  • Current Ratio
  • Debt/EBITDA
  • ROE 17.5%
  • Revenue Growth 5Y 11.5%
  • Analyst Consensus 63% Buy

Fallido (6)

  • Gross Margin 19.3%
  • P/FCF 38.93
  • P/B Ratio 13.56
  • DCF valuation (Overvalued)
  • Earnings Surprise avg -6.7%
  • Piotroski F-Score 0/9

No disponible (14)

  • EPS data insufficient
  • Dividend Payout NaN%
  • Debt/Equity ratio
  • Operating Margin NaN%
  • Positive Free Cash Flow
  • CapEx intensity
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)
  • Share Dilution (need 2+ years)
  • Net Margin Trend (invalid data)

Piotroski F-Score

0/9

Preocupaciones financieras graves

score
criteria

Calidad de los Beneficios

-

Baja calidad: investigue la contabilidad

Dilución de Acciones

-

Recomprando acciones. Favorable para el accionista

Gobernanza

Equipo Directivo

NombreCargoEdad
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

Riesgo de Auditoría

2

Riesgo del Consejo

1

Riesgo de Compensación

2

Riesgo de Derechos del Accionista

5

Parte 2 · El precio y el momento de entrar

Esta parte no sirve para saber si la empresa vale: sirve para elegir cuándo comprarla, una vez que los fundamentales te han convencido. Dentro: análisis técnico, potencial, caídas históricas, exposición gamma.

Latest News

Recent headlines for SGGKY, sourced from Markets Gazette.

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