SOG (Singapore Obstetrics and Gynaecology) is one of the cheapest healthcare companies listed on the Singapore stock exchange.

Healthy growth across all economic conditions is a key strength for this female healthcare company with its focus on resilient specialist practices such as obstetrics, Gynae-oncology, and paediatrics.

SOG was incorporated in 2011, listed on the SGX in 2015, and as of end- 2017, SOG employs 12 specialist doctors which includes six O&G specialists, three cancer specialists, one dermatologist and two paediatricians.

Steady earnings across all economic conditions

SOG results (SGD m)
Year Revenue Net profit Operating cash flow Free cash flow Net profit margin ROE Net cash
2012 8.1 3.0 2.1 1.9 37% 62.3% 4.6
2013 8.6 3.1 3.4 3.2 36% 46.6% 6.4
2014 13.5 4.2 5 7.1 31% 45.6% 11.3
2015 16.4 5.3 6 6.1 33% 29.7% 24.2
2016 28.7 8.8 10 3.6 31% 26.8% 21.3
2017 29.9 8.5 2 1.6 28% 19.9% 16.4

SOG has grown its net profit at 19% CAGR from 2014 to 2017 with a clean balance sheet and high ROE. Revenue has more than doubled from 2014 to SGD29.9 million in 2017 while net profit has doubled to SGD8.5 million during the same period …