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Singapore Exchange Ltd S68

Morningstar Rating
SGD 9.57 +0.05 (0.53%)
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Company Report

Singapore Exchange: Growth Underpinned by Increasing Derivatives Demand

Fiscal year to date, trading volume on the Singapore Exchange for currencies and commodities derivatives rose 44% compared with the same period last year. The increase primarily reflects higher demand for iron ore futures, propelled by a rebound in iron ore prices in the first half and increased transactions in foreign exchange futures. Metal and dry bulk volumes increased around 50% year-to-date on the previous corresponding period, while foreign exchange increased by around a third.

Price vs Fair Value

S68 is trading at a 97% premium.
Price
SGD 9.57
Fair Value
SGD 89.30
Uncertainty
Medium
1-Star Price
SGD 88.51
5-Star Price
SGD 7.93
Economic Moat
Pnhd
Capital Allocation
Kqbjncz

Bulls Say, Bears Say

Bulls

SGX has managed to broaden its catchment zone for equity listings beyond Singapore’s national borders, and the share of foreign companies listed on its exchange is multiples larger than those on peer exchanges.

Bears

As an outward-facing exchange, SGX, like Singapore itself, is reliant on the free flow of capital, something which may be negatively affected by deglobalization.

Is it the right time to buy, sell, or hold?
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Trading Information

Previous Close Price
SGD 9.52
Day Range
SGD 9.459.58
52-Week Range
SGD 8.879.98
Bid/Ask
SGD 9.55 / SGD 9.57
Market Cap
SGD 10.24 Bil
Volume/Avg
2.9 Mil / 1.9 Mil

Key Statistics

Price/Earnings (Normalized)
19.50
Price/Sales
8.71
Dividend Yield (Trailing)
3.55%
Dividend Yield (Forward)
3.55%
Total Yield
3.61%

Company Profile

Singapore Exchange is a vertically integrated securities exchange business, offering listing-, data-, trading-, clearing- and settlement services across equities, debt and derivatives. Singapore Exchange, like Singapore itself, is remarkably outward-facing and offers some of the most liquid and widely traded equity derivative products for various regional markets, including the FTSE China A50 Index Futures and the Indian Nifty 50 Index Futures.
Sector
Financial Services
Industry
Financial Data & Stock Exchanges
Stock Style Box
Large Core
Total Number of Employees
1,175

Competitors

Valuation

Metric
S68
ASX
LSEG
Price/Earnings (Normalized)
19.5017.9328.80
Price/Book Value
6.103.152.16
Price/Sales
8.7111.226.26
Price/Cash Flow
16.2315.88
Price/Earnings
S68
ASX
LSEG

Financial Strength

Metric
S68
ASX
LSEG
Quick Ratio
1.331.100.01
Current Ratio
1.331.111.00
Interest Coverage
92.951.404.70
Quick Ratio
S68
ASX
LSEG

Profitability

Metric
S68
ASX
LSEG
Return on Assets (Normalized)
14.01%2.96%0.25%
Return on Equity (Normalized)
32.23%12.95%8.34%
Return on Invested Capital (Normalized)
20.93%11.17%6.01%
Return on Assets
S68
ASX
LSEG
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Financial Data & Stock Exchanges Industry Comparables

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Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
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