Full year 2014 results – Keppel Corp, SembCorp, CapitaLand and others (Part 2)

Companies were reporting their financial results for the full year ended 31 December 2014.

The following table provides information on net profit attributable to shareholders for the full year and year-on-year change between current period in 2014 against corresponding period of 2013. The dividends are the ones declared for the current quarter (final dividends + special dividends for companies).

Company Net Profits ($) Y-o-Y Change % EPS NAV/RNAV Q4 Div
Keppel Corp 1.885 b 2.1 1.038 5.73 0.36
SembCorp Marine 560 m 0.8 0.2683 1.419 0.08
SembCorp Ind 801 m -2.4 0.4431 3.15 0.11
CapitaLand 1.16 b 38.2 0.273 3.94 0.09
City Developments 769 m 12.2 0.832 9.25 0.12
Keppel Land 752 m -15.1 0.487 4.95 0.14

NAV/RNAV = Net Asset Value or Revalued Net Asset Value
EPS = Earnings per share

Keppel Corp saw its net profits rising 2.1% over last financial year. SembCorp Marine’s profits were higher by 0.8%. SembCorp Industries saw its profits decreased by 2.4%. In the property development space, CapitaLand’s net profits were higher by 38.2% and for City Developments it was higher by 12.2% when compared with previous year. Keppel Land’s net profits fell 15.1% from the previous year.
Note: Keppel Corp announced it wanted to take Keppel Land private at base offer price of $4.38 and final offer price of $4.60 on achieving 90% take-up rate.

The following table shows Price-Earning Ratio (PE), Price-to-Book (PB) Ratio, Total Dividend Yield and Total Dividend Payout %.

Company S/H Price 18-2-15 PE Ratio PB Ratio Div yield Div Payout %
Keppel Corp 8.77 8.45 1.53 5.47% 46%
SembCorp Marine 3.02 11.26 2.13 4.30% 48%
SembCorp Ind 4.24 9.57 1.35 3.77% 36%
CapitaLand 3.68 13.48 0.93 2.45% 33%
City Developments 10.28 12.36 1.11 1.17% 14%
Keppel Land 4.55 9.34 0.92 3.08% 29%

Among the 6 companies compared, Keppel Corp stands out having the best total dividend yield at 5.47% based on last traded price. It pays out 46% of earnings per share as dividend.

By looking at Price-Earning ratio, Keppel Corp had the lowest figure at 8.45 among all 6 counters, appearing unappreciated by investors.

Copyright © 2015, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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