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Found a company similar to Fischer Tech which was introduced in VB. Sunningdale is a company in the plastic mold industry. It's largest revenue is from the consumer/IT segment while Fischer is from automotive.
Using its full year result, free cash flow is about 3.6 cents. This gives it a P/FCF of 4.47X. However extrapolating this yr's Q1 cashflow results, free cash flow will be about 2.2 cents (Figure excludes the $8M disposal of the Joo Koon Property).
In addition, the company is in a net cash position of $32M vs mkt cap of $123M. To add, net current asset on balance sheet is $122M and NAV is $260M. Its is a rather interesting company and is comparable to Fischer Tech. I notice Mr. Market likes to value companies in the plastic molding industry at low ratios, which could be due to the fact the industry is tied to economic boom and bust.
Company recently did a restructuring of its Europe operations and could be turning around its results. Current div is 0.7 cents giving it a yield of 4.3%, (which is more than the prevailing CPF-SA rate above 60k
). In my view, they are able to sustain paying this dividend amount considering their $80M cash hoard.
<vested in Fischer, contemplating adding sunningdale>
Using its full year result, free cash flow is about 3.6 cents. This gives it a P/FCF of 4.47X. However extrapolating this yr's Q1 cashflow results, free cash flow will be about 2.2 cents (Figure excludes the $8M disposal of the Joo Koon Property).
In addition, the company is in a net cash position of $32M vs mkt cap of $123M. To add, net current asset on balance sheet is $122M and NAV is $260M. Its is a rather interesting company and is comparable to Fischer Tech. I notice Mr. Market likes to value companies in the plastic molding industry at low ratios, which could be due to the fact the industry is tied to economic boom and bust.
Company recently did a restructuring of its Europe operations and could be turning around its results. Current div is 0.7 cents giving it a yield of 4.3%, (which is more than the prevailing CPF-SA rate above 60k
). In my view, they are able to sustain paying this dividend amount considering their $80M cash hoard.<vested in Fischer, contemplating adding sunningdale>
