Odd lots #7; SUTL Enterprise
Sharing my learnings on this absurd-cheap Singapore stock, now that I have finally had a deeper look
There are already great write-ups on SUTL Enterprise 👇
MokapuCap 👉 Set for Growth
…but hopefully I can add some value by sharing my learnings after finally having a deeper look myself.
« Notably, I did not try to be complete with this write-up…I just see too many interesting things atm. »
SUTL Enterprise
$BHU.si
Share price: SG$ 0.675
FAV/s: financials assets value (cash, securites, investment properties, investments in associate companies, et cetera, minus borrowings) per share
Conclusions
After learning about SUTL Enterprise via fintwit, and later re-discovering it in a Singapore A-Z screen, I finally took the time to take a deeper look into this Singaporean luxury yacht marina operator. My main learnings;
Absurd-cheap stock; it is clear that SUTL is absurd-cheap. SUTL trades at a 7x trailing P/E, AND almost the whole SGD 0.675 share price is covered by SGD 0.63 in financial assets value (FAV) per share, consisting of cash and debt instrument investments. Initially, I thought that the cash balance needed to be adjusted for ‘deferred membership income’ liabilities, but on various instances management emphasized that that is not the case.