The last update for Straco was the impending revision to the ticket prices for their aquariums. That would have provided a good growth for their cash flow.
This week the full year results was announced.
Current Share Price: SG$0.80
Outstanding number of shares: 855 mil
Market Cap: SG$684 mil
Dividend per share: SG$0.025 (3.1% Dividend Yield)
Full year revenue rose from 93 mil to 127 mil on the back of significant contribution from the Singapore Flyer.
Full year net profit rose from SG$39 mil to SG$51.8 mil. This gives an earnings yield of 7.6% (note this is total net profit but shareholders’ profit is lesser at SG$49 mil)
In terms of free cash flow, Straco generated SG$59.85 mil in 2015. Based on current market cap, the free cash flow yield is 8.75%.
As a full year earnings profile Straco ......