Wednesday, October 2, 2013

An Analysis on Pan United Corporation

Pan United is listed on SGX on 22 Dec 1993

Financial Data

Year             Eps                   Rev                   Net Profit % Margin
2013         6.5 - 7c (est)
2012           7.80c                  715.327 mil             7.2%
2011           5.40c                  512.679 mil             7.5%
2010           3.70c                  391.392 mil             7.0%
2009           6.30c                  470.801 mil             8.7%

2008           9.10c                  553.048 mil             9.65%
2007           6.03c                  436.988 mil             9.15%

Ave             6.40c                                                 8.2%

Unfortunately, i'm unable to get any info from 1994 to 2006. Thus i've put up the latest 5 yr earnings.

Other Data (as at 30 Jun 2013)

Debt
  • Current : 0.676 mil
  • L.Term : 73.13 mil
  • Total    : 73.806 mil
Cash Bal : 91.507 mil

Shrs Issued: 559, 330, 160

NAV : $0.59

Business Model

A diversified group that comprise of the following business:
  • Basic building resources
  • Ports & Logistics
  • Shipping
Opinion

In my opinion, this company has proper management and good earnings. Its earning are stable even when the crisis hits in 2009, it manages to have a 3c returns. Its business are diversified thus even if one sector is down, it is still able to depend on other business segment. Its distributes ard 5% dividend annually.

Conclusion

I would love to accumulate this counter if it is around 65 -70c range. Given that it is trading at 90c on 3 Oct 2013, would we have to chance to own this wonderful company?





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