SBS Transit Ltd

SBS Transit Ltd

SSGX:S61
3.55
SGD
+0.01
(+0.28%)
929.36MMarket Cap
Feb 23Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.75
3.08
3.31
3.55
3.83
4.44
4.63
3.95
4.2
4.86
4.9
5
4.86
- -
Basic EPS, GAAP
0.04
0.05
0.05
0.1
0.15
0.26
0.26
0.25
0.17
0.22
0.22
0.23
0.2
- -
Free Cash Flow per Basic Share
-0.36
-0.59
-0.5
0.13
0.19
0.42
0.18
0.43
0.61
0.55
0.19
0.07
0.33
- -
Dividend per Share
0.03
0.02
0.03
0.03
0.06
0.1
0.14
0.06
0.12
0.08
0.11
0.11
0.32
0.14
Book Value per Share
1.12
1
1.1
1.35
1.44
1.6
1.69
1.88
1.93
2.07
2.19
2.3
2.18
1.73
Tangible Book Value per Share
1.12
1
1.1
1.35
1.44
1.6
1.69
1.88
1.93
2.07
2.19
2.3
2.18
1.73
Basic Weighted Avg Shares
309
309
309
310
311
311
312
312
312
312
312
312
312
312
Sales/Revenue/Turnover
847
951
1,024
1,099
1,192
1,384
1,445
1,231
1,311
1,515
1,527
1,560
1,517
- -
Operating Margin (%)
1.83
2.17
2.46
3.8
4.98
7.03
7.16
6.5
4.09
5.27
5.02
4.69
4.49
- -
Depreciation Expense
62
71
85
82
97
93
104
109
105
94
93
87
83
- -
Net Income, GAAP
11
14
17
31
47
80
81
79
52
68
69
70
61
- -
Effective Tax Rate (%)
4.3
11.76
14.55
14.66
14.47
14.95
18.2
- -
1.66
18.01
21.48
15.81
17.27
- -
Profit Margin (%)
1.32
1.5
1.63
2.85
3.95
5.79
5.62
6.41
3.94
4.49
4.52
4.51
4.03
- -
Working Capital
-169
-394
-242
-281
-125
-37
-22
101
175
287
384
498
508
20
LT Debt
323
282
250
66
125
75
72
59
80
68
9
6
3
66
Total Equity
344
310
339
418
449
498
527
587
602
646
682
719
683
541
Return on Invested Capital (%)
2.25
2.45
2.93
5.44
7.97
13.3
12.82
- -
7.3
8.8
8.07
8.26
7.66
- -
Return on Capital (%)
2.32
2.48
2.96
5.47
8.06
13.79
13.47
- -
7.69
9.76
9.85
9.86
8.62
- -
Return on Common Equity (%)
3.26
4.37
5.15
8.29
10.87
16.91
15.86
14.18
8.69
10.9
10.4
10.03
8.73
- -

Capital Structure

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
ST Debt
92
86
87
LT Borrowings
- -
- -
- -
LT Finance Leases
72
72
66
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
312
312
312
Market Capitalization
1,279
1,194
929

Working Capital

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
Total Current Assets
369
397
439
Cash, Cash Equivalents & STI
8
31
95
Accounts Receivable, Net
163
212
128
Inventories
132
131
126
Total Current Liabilities
425
420
419
Payables & Accruals
- -
- -
- -
ST Debt
92
86
87
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.48%
3.16%
-5.12%
Free Cash Flow
41.26%
57.95%
385.21%
Net Income, GAAP
19.4%
-2.5%
-12.95%
Sales/Revenue/Turnover
4.38%
4.46%
-2.72%
Total Cash Common Dividend
45.32%
59.61%
187.39%

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1,560
2025
- -
- -
1,517
2026
- -
- -
- -

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.23
2025
- -
- -
0.2
2026
- -
- -
- -

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.11
2025
- -
- -
0.32
2026
- -
- -
- -

Company Description

CEO
Vee Ming Sim
Full Time Employees
9,627
Sector
Transportation
Industry
Other transportation
Address
91 Sengkang East Avenue Singapore CE Singapore 545072
IPO Date
Dec 10, 1997
Business
SBS Transit Ltd delivers comprehensive public transport solutions primarily across Singapore. Its operations are divided between Public Transport Services and Other Commercial Services segments. The company manages a substantial network of scheduled bus routes, encompassing approximately 200 services with a fleet of around 3,400 buses, including a growing number of electric and hybrid vehicles. In its rail division, the company operates the North East MRT Line, a sophisticated automatic underground heavy rail system, alongside the Downtown Line, another integral subterranean route. Additionally, it runs the light rail transits serving the Sengkang and Punggol new towns, connecting commuters to over 80 stations in total. SBS Transit has also secured the contract to operate Singapore's upcoming Jurong Region Line, with services anticipated to commence in 2027. Beyond fare collection, the company generates revenue through commercial ventures, offering advertising space on its buses and trains, as well as at bus interchanges and rail stations. It also leases out commercial and retail spaces situated within its transport hubs. A subsidiary of ComfortDelGro Corporation Limited, SBS Transit was established in 1973 as Singapore Bus Services Limited and rebranded in November 2001, reflecting its evolution into a multi-modal transport provider headquartered in Singapore. The company continues to advance its commitment to sustainability, implementing initiatives like transforming its Ulu Pandan Bus Depot into a net-zero emissions facility by the end of 2024.