Financials Olive Tree Estates Limited

Equities

1H2

SG1EB5000001

Real Estate Development & Operations

Market Closed - Singapore S.E. 09:42:55 14/05/2024 BST 5-day change 1st Jan Change
0.084 SGD +5.00% Intraday chart for Olive Tree Estates Limited +5.00% +10.53%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 9.432 7.573 9.432 7.573 18.42 8.804
Enterprise Value (EV) 1 13.99 16.61 18.67 17.6 22.32 13.34
P/E ratio -18.3 x -6.06 x -5.73 x -6.48 x -6.67 x -11.5 x
Yield - - - - - -
Capitalization / Revenue 2.64 x 6.71 x 2.48 x 2.85 x 15.9 x 7.34 x
EV / Revenue 3.92 x 14.7 x 4.91 x 6.63 x 19.3 x 11.1 x
EV / EBITDA 26.9 x -49.4 x -19.6 x -81.1 x -51 x -61.5 x
EV / FCF -0.88 x 21.2 x 8.12 x 25.8 x -22.9 x -13.1 x
FCF Yield -113% 4.72% 12.3% 3.87% -4.36% -7.61%
Price to Book 0.94 x 0.86 x 1.33 x 1.26 x 1.66 x 0.86 x
Nbr of stocks (in thousands) 68,848 68,848 68,845 68,845 115,845 115,845
Reference price 2 0.1370 0.1100 0.1370 0.1100 0.1590 0.0760
Announcement Date 02/04/19 09/04/20 08/04/21 31/03/22 31/03/23 31/03/24
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3.573 1.128 3.804 2.654 1.155 1.199
EBITDA 1 0.52 -0.336 -0.954 -0.217 -0.438 -0.217
EBIT 1 -0.085 -0.942 -1.561 -0.821 -1.041 -0.839
Operating Margin -2.38% -83.51% -41.04% -30.93% -90.13% -69.97%
Earnings before Tax (EBT) 1 -0.432 -1.148 -1.696 -1.006 -1.557 -0.695
Net income 1 -0.515 -1.25 -1.645 -1.168 -1.654 -0.765
Net margin -14.41% -110.82% -43.24% -44.01% -143.2% -63.8%
EPS 2 -0.007480 -0.0182 -0.0239 -0.0170 -0.0238 -0.006603
Free Cash Flow 1 -15.84 0.7832 2.298 0.681 -0.9742 -1.015
FCF margin -443.2% 69.44% 60.41% 25.66% -84.35% -84.62%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 02/04/19 09/04/20 08/04/21 31/03/22 31/03/23 31/03/24
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 4.56 9.03 9.24 10 3.91 4.54
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 8.767 x -26.88 x -9.683 x -46.21 x -8.916 x -20.9 x
Free Cash Flow 1 -15.8 0.78 2.3 0.68 -0.97 -1.01
ROE (net income / shareholders' equity) -5% -13.3% -20.7% -17.9% -19.4% -7.18%
ROA (Net income/ Total Assets) -0.16% -2.6% -4.54% -2.51% -2.93% -2.34%
Assets 1 322.1 48.17 36.23 46.61 56.47 32.66
Book Value Per Share 2 0.1500 0.1300 0.1000 0.0900 0.1000 0.0900
Cash Flow per Share 2 0.1000 0.0400 0.0300 0.0400 0.0600 0.0400
Capex 1 0.01 0 - - - -
Capex / Sales 0.22% 0.09% - - - -
Announcement Date 02/04/19 09/04/20 08/04/21 31/03/22 31/03/23 31/03/24
1SGD in Million2SGD
Estimates
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