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The fundamentals of ISDN Holdings Limited (SGX: I07) look pretty strong: could the market be wrong about this stock?
Simple Wall Street
December 9, 2022 · 4 min read
ISDN Holdings (SGX: I07)'s stock price has dropped 13% over the past three months, and it's easy for people to ignore it. But if you pay close attention, you might find that its strong financial position could mean that the stock's long-term value may increase, as the market usually rewards well-off companies. In this article, we've decided to focus on ISDN Holdings' ROE. Return on equity, or ROE, is an important factor for shareholders to consider because it tells them how efficiently they can reinvest their capital. In other words, it reveals the company's success in turning shareholder investments into profit.
丰衣足食 :
-- Better performance than 2021 and dividend payments. --ISDN Holdings Price target: CGS-CIMB Research “increased” 61 cents For more stories on the flow of money, click here for the capital section The hydropower plant is expected to be put into operation soon CGS-CIMB Research analysts William Tng and Izabella Tan maintained ISDN Holdings' “increase in holdings” rating, raising the target price to 61 cents from 55 cents, as the company's small hydropower plant Anggoci in Indonesia may receive a commercial operation date (COD) until the end of the first quarter of fiscal year 2023, ending March. ISDN currently has three hydroelectric power plants. Lau Biang 1 (LB1), Anggoci, and Sisira They are all located in North Sumatra, Indonesia. LB1 and Anggoci each have a capacity of 10MW, while the Sisira has a capacity of 4.6MW. LB1 has received the COD as of December 31, 2022. According to ISDN's virtual investor briefing in January, the factory will contribute $2 million to the company's Patmi in September 2022 based on estimates, which is in line with analysts' expectations13. In its briefing, ISDN also said it hoped Anggoci and Sisira would eventually reach their COD soon. “Since Sisira is an ISDN demonstration and learning program, we think the plant's net profit contribution is low. However, the Anggoci plant, which also has 10MW of production capacity, may have a net profit potential similar to LB1,” the analyst wrote. “We assume Anggoci can achieve COD by the end of the first quarter of fiscal year 2023 and contribute to ISDN's net profit for fiscal year 2023-2024,” they added. “This has led to a 1.2% — 2.3% increase in our revenue forecast for the 2023-2024 fiscal year and an 8.2%-11.7% increase in our net profit forecast.” As a result, analysts' estimates of earnings per share (EPS) for fiscal year 2023 to fiscal year 2024 also increased by 8.2% — 11.7%. Given the increase in earnings per share, analysts have raised their target price based on an unchanged price-earnings ratio of 8.9 times, which is ISDN's five-year average. In the same briefing, ISDN stated that it has a total value of 164 megawatts of water and electricity concessions (including LB1, Anggoci, and Sisira). It added that there are plans to continue building a small hydropower business through the planned LB2-LB6 plant in the next few years. “Management also indicated that the company will pay attention to increasing shareholder returns through options such as dividend payments, as the cash flow of power plant COD improves; sells power plants if it is beneficial to shareholders; and may list small hydropower plant businesses,” Tng and Tan said. Analysts believe that ISDN's utility business unit's higher-than-expected profit contribution is a catalyst for the rerating. The downside risk is the emergence of new Covid-19 strains, which could lead to blockades, weak customer demand as the global economy slows, the possibility of bad debts as the economy worsens, and Anggoci's failure to achieve COD. — Felicia Tan
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丰衣足食 : Buy 0.59 at a bargain price, 0.60 will break, and there will be plenty of clothing and food.
丰衣足食 : The fundamentals of ISDN Holdings Limited (SGX: I07) look pretty strong: could the market be wrong about this stock?
Simple Wall Street
December 9, 2022 · 4 min read
ISDN Holdings (SGX: I07)'s stock price has dropped 13% over the past three months, and it's easy for people to ignore it. But if you pay close attention, you might find that its strong financial position could mean that the stock's long-term value may increase, as the market usually rewards well-off companies. In this article, we've decided to focus on ISDN Holdings' ROE.
Return on equity, or ROE, is an important factor for shareholders to consider because it tells them how efficiently they can reinvest their capital. In other words, it reveals the company's success in turning shareholder investments into profit.
丰衣足食 : Adobe Acrobat
丰衣足食 : 24/2/2023 announced 2022 full-year results and consideration of dividend payments.
丰衣足食 : -- Better performance than 2021 and dividend payments.
--ISDN Holdings
Price target:
CGS-CIMB Research “increased” 61 cents
For more stories on the flow of money, click here for the capital section
The hydropower plant is expected to be put into operation soon
CGS-CIMB Research analysts William Tng and Izabella Tan maintained ISDN Holdings' “increase in holdings” rating, raising the target price to 61 cents from 55 cents, as the company's small hydropower plant Anggoci in Indonesia may receive a commercial operation date (COD) until the end of the first quarter of fiscal year 2023, ending March.
ISDN currently has three hydroelectric power plants. Lau Biang 1 (LB1), Anggoci, and Sisira They are all located in North Sumatra, Indonesia. LB1 and Anggoci each have a capacity of 10MW, while the Sisira has a capacity of 4.6MW. LB1 has received the COD as of December 31, 2022. According to ISDN's virtual investor briefing in January, the factory will contribute $2 million to the company's Patmi in September 2022 based on estimates, which is in line with analysts' expectations13.
In its briefing, ISDN also said it hoped Anggoci and Sisira would eventually reach their COD soon.
“Since Sisira is an ISDN demonstration and learning program, we think the plant's net profit contribution is low. However, the Anggoci plant, which also has 10MW of production capacity, may have a net profit potential similar to LB1,” the analyst wrote.
“We assume Anggoci can achieve COD by the end of the first quarter of fiscal year 2023 and contribute to ISDN's net profit for fiscal year 2023-2024,” they added. “This has led to a 1.2% — 2.3% increase in our revenue forecast for the 2023-2024 fiscal year and an 8.2%-11.7% increase in our net profit forecast.”
As a result, analysts' estimates of earnings per share (EPS) for fiscal year 2023 to fiscal year 2024 also increased by 8.2% — 11.7%.
Given the increase in earnings per share, analysts have raised their target price based on an unchanged price-earnings ratio of 8.9 times, which is ISDN's five-year average.
In the same briefing, ISDN stated that it has a total value of 164 megawatts of water and electricity concessions (including LB1, Anggoci, and Sisira). It added that there are plans to continue building a small hydropower business through the planned LB2-LB6 plant in the next few years.
“Management also indicated that the company will pay attention to increasing shareholder returns through options such as dividend payments, as the cash flow of power plant COD improves; sells power plants if it is beneficial to shareholders; and may list small hydropower plant businesses,” Tng and Tan said.
Analysts believe that ISDN's utility business unit's higher-than-expected profit contribution is a catalyst for the rerating. The downside risk is the emergence of new Covid-19 strains, which could lead to blockades, weak customer demand as the global economy slows, the possibility of bad debts as the economy worsens, and Anggoci's failure to achieve COD. — Felicia Tan