- ST Engineering‘s net income for the financial year was S$586.5 million, reflecting a growth of 9.6% from the previous year. This figure met the estimated net income of S$582.5 million.
- The company’s operating income stood at S$840.1 million, marking a 26% increase year on year. This was slightly lower than the estimated S$845.4 million.
- Revenue for the year was S$10.10 billion, up by 12% from the previous year, and higher than the estimated S$9.82 billion.
- Aerospace revenue was S$3.91 billion, a significant increase of 31% from the previous year, surpassing the estimated S$3.68 billion.
- Urban solutions and Satcom revenue came in at S$1.94 billion, a 9.7% increase year on year, slightly higher than the estimated S$1.88 billion.
- Defense and public security revenue was S$4.25 billion, marking a 0.5% decrease from the previous year, lower than the estimated S$4.34 billion.
- The final dividend per share remained steady at S$0.04.
- The company’s earnings before interest and taxes (Ebit) was S$914.7 million, up 24% year on year.
- Earnings per share (EPS) increased to S$0.1882 from S$0.1718 the previous year, slightly below the estimated S$0.19.
- For the second half of the year, net income was S$305.9 million, up 20% year on year. Operating income was S$419.3 million, a 38% increase, and revenue was S$5.24 billion, a 9.9% increase.
- At the end of the period, the order book stood at S$27.4 billion.
- The company expects to deliver a S$7.9 billion order book in 2024.
- Strong results were underpinned by the Commercial Aerospace and Defence & Public Security segments.
- The company’s investment in TransCore achieved earnings accretion, ahead of plan.
- ST Engineering received 12 buy recommendations, 2 hold recommendations, and no sell recommendations.
A look at ST Engineering Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
ST Engineering, a global technology, defence, and engineering group, has received a promising long-term outlook based on the Smartkarma Smart Scores. The company has been given a score of 5 for Momentum, indicating strong growth potential in the future. With offices across Asia, Europe, the Middle East, and the U.S., ST Engineering serves customers in over 100 countries and uses technology and innovation to solve real-world problems and enhance lives. It is headquartered in Singapore and has reported a revenue of $7.9b in FY2019. It is also listed as a component stock on various indexes, including the FTSE Straits Times Index and MSCI Singapore.
The Smartkarma Smart Scores have also given ST Engineering a score of 3 for both Dividend and Growth, showcasing its stability and potential for future expansion. The company has also received a score of 2 for both Value and Resilience, indicating room for improvement in these areas. Overall, the high scores in Momentum, Dividend, and Growth highlight ST Engineering‘s strong potential for long-term success and growth, making it an attractive investment opportunity for investors. As a leader in the aerospace, smart city, defence, and public security segments, ST Engineering continues to utilize technology and innovation to drive its diverse portfolio of businesses and improve lives around the world.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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