The Straits Trading Company Limited STTSY

MaterialsMetals & MiningSingapore

Last close 20.37 USD on Nov 2, 2026, – year to date

Quant rating

Quant rating D Rank 212 of 220 in Materials

Growth C 109 of 220
Valuation D 186 of 220
Quality D 160 of 220
Revisions D 193 of 220
Momentum D 208 of 220

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 538M
Enterprise value: 1.3B
52-week range: – – –
3-year range: – – –
Dividend yield: –
Beta (5 years): –
Shares outstanding: 488M
Next earnings: –

About the company

The Straits Trading Company Limited is a Singapore-based conglomerate-investment company with operations as well as financial interests in resources, property and hospitality. The Company’s segments include Resources, Real Estate, Hospitality, and Others. The Resources segment’s principal activities comprise the smelting of tin concentrates and tin bearing materials, the production of various grades of refined tin metal and the sale and delivery of refined tin metal and by-products, as well as investments in other metals and mineral resources. The Real Estate segment comprises property investment, sales and leasing, property development, as well as property and real estate fund management. The Hospitality segment comprises hotel ownership and hotel management under the Company’s 30% associate, Far East Hospitality Holdings Pte. Ltd. The Others segment comprises corporate and treasury services, and securities and other investments.

Growth and profitability

Growth and profitability by fiscal year
	2007	2006	2005	2004	2003	5Y avg
Revenue (mil)	485	414	407	409	473	–
Revenue growth	17.2%	1.5%	−0.4%	−13.5%	62.7%	10.8%
EPS (basic, normalized)	0.47	0.37	0.17	0.16	−0.06	–
EPS growth	27.0%	117.6%	6.2%	–	–	–
Gross margin	25.8%	25.2%	33.2%	27.3%	59.9%	34.3%
Net margin	−40.0%	−1.3%	−5.3%	100.5%	36.7%	18.1%
ROE	−18.5%	−0.5%	−1.8%	31.4%	14.2%	4.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2007 actual	485	+17.2%	2.7x	424	−2.7%	3.1x	0.47	+27.0%	43.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2008	–	–	–	–	–	–	–	–
2009	–	–	–	–	–	–	–	–
2010	–	–	–	–	–	–	–	–

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Dec 2005	Mar 2006	Jun 2006	Sep 2006	Dec 2006	Mar 2007	Jun 2007	Sep 2007	Dec 2007	Mar 2008
Sales reported (mil)	357	386	418	397	416	390	370	414	477	427
Sales mean (mil)	354	377	411	399	407	384	–	403	430	–
Surprise	+0.9%	+2.3%	+1.6%	−0.4%	+2.3%	+1.8%	–	+2.8%	+11.0%	–
EPS reported	0.15	0.06	0.09	0.09	0.13	0.11	0.04	0.13	0.19	0.08
EPS mean	0.09	0.05	0.11	0.09	0.11	0.09	0.14	0.10	0.15	–
Surprise	+76.5%	+16.1%	−19.4%	+1.9%	+16.4%	+26.9%	−70.4%	+30.0%	+24.2%	–

Peer comparison Metals & Mining

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
STTSY The Straits Trading Company Limited	538M	–	−40.0%	0.55x	–	–	–	–
IPX IperionX Limited	550M	–	–	5.77x	−41.3x	19.7x	−18.2x	37.4x
LMCU Lumina Metals Corp	541M	–	–	2.20x	−20.4x	−16.6x	−10.3x	−8.4x
ASTL Algoma Steel Group Inc	522M	−3.13x	−47.2%	2.45x	−1.9x	−23.4x	−6.3x	9.0x
ASTL Algoma Steel Group Inc	522M	−3.27x	−47.2%	2.45x	−2.0x	−38.5x	−7.0x	8.7x
GAU Galiano Gold Inc	519M	0.03x	−8.9%	1.63x	4.9x	2.6x	1.6x	1.1x
Mean		−2.12x	−35.8%	2.51x	−12.1x	−11.2x	−8.0x	9.6x
Median		−3.13x	−43.6%	2.33x	−2.0x	−16.6x	−7.0x	8.7x

Technical analysis

1M–
3M–
1Y–
3Y–

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, The Straits Trading Company Limited, fiscal years, most recent first
	2007	2006	2005	2004	2003	2002
Total revenue	485	414	407	409	473	291
Cost of revenue	360	310	272	298	190	169
Gross profit	125	104	135	112	283	122
Selling, general & administrative expenses	49.1	46.7	44.1	41.8	36.0	24.0
Research & development	–	–	–	–	–	–
Depreciation/amortization	8.6	6.4	5.2	4.8	5.1	6.1
Interest expense (income), operating	0	7.8	2.8	–	–	–
Unusual expense (income)	94.6	0	−6.5	−479	6.1	−1.3
Other operating expenses	28.2	16.0	13.1	13.3	9.5	4.5
Operating income	−55.3	27.1	76.7	531	227	88.6
Net interest income (expense)	−81.9	−4.5	−77.4	−107	44.1	−13.3
Gain (loss) on sale of assets	0	–	0	0	–	–
Other non-operating income (expense)	−6.4	−4.3	−8.1	−3.4	−2.3	−2.6
Net income before taxes	−144	18.4	−8.8	420	268	72.6
Provision for taxes	38.4	10.3	0.4	−4.7	56.6	18.8
Minority interest	−11.8	−13.4	−12.4	−13.4	−38.1	−14.9
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−194	−5.3	−21.7	411	174	39.0
Extraordinary items	–	–	–	–	–	–
Net income	−194	−5.3	−21.7	411	174	39.0
EBIT, normalized	40.5	35.0	73.6	51.7	233	87.2
EBITDA, normalized	49.1	41.4	78.7	56.5	238	93.4
Basic EPS, normalized	0.47	0.37	0.17	0.16	−0.06	–

Balance sheet in millions of USD, fiscal years

Balance sheet, The Straits Trading Company Limited, fiscal years, most recent first
	2007	2006	2005	2004	2003	2002
Assets
Cash & short-term investments	394	367	385	244	163	395
Receivables	97.9	83.3	64.6	84.5	68.8	73.5
Total inventory	167	137	129	130	190	150
Prepaid expenses	3.7	4.0	9.0	16.7	10.3	6.0
Other current assets	6.2	25.6	5.5	17.3	1.1	0.5
Total current assets	669	617	593	492	433	625
Property, plant & equipment	154	137	126	111	97.2	95.8
Goodwill	13.4	12.2	11.8	12.2	12.9	13.3
Intangibles	35.1	31.7	33.8	35.3	0.9	0.8
Long-term investments	1,508	1,788	1,819	1,944	1,811	1,588
Note receivable	0	0	0	–	0	0
Other long-term assets	4.6	21.6	24.3	18.7	7.9	13.2
Total assets	2,385	2,607	2,607	2,613	2,363	2,336
Liabilities
Accounts payable	46.8	22.8	20.0	22.0	19.8	9.5
Payable/accrued	–	–	–	–	–	–
Accrued expenses	60.1	46.2	42.7	74.4	29.7	36.3
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	498	517	224	252	403	438
Other current liabilities	16.1	19.1	14.5	12.1	15.1	26.9
Total current liabilities	621	605	301	361	467	510
Long-term debt	575	765	1,011	788	376	468
Minority interest	147	104	104	102	121	143
Other liabilities	71.3	79.4	84.3	66.1	85.2	50.5
Total liabilities	1,414	1,553	1,501	1,317	1,050	1,172
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	556	505	520	512	422	431
Additional paid-in capital	–	–	–	–	–	–
Retained earnings (accumulated deficit)	493	934	999	1,044	863	728
Treasury stock	−5.1	−5.1	−5.3	−3.0	−2.0	−2.0
Other equity	−72.7	−380	−407	−256	30.8	7.7
Total equity	971	1,053	1,107	1,297	1,313	1,164
Total liabilities & shareholders' equity	2,385	2,607	2,607	2,613	2,363	2,336

Cash flow statement in millions of USD, fiscal years

Cash flow statement, The Straits Trading Company Limited, fiscal years, most recent first
	2007	2006	2005	2004	2003	2002
Operating activities
Net income	−144	18.4	−8.8	420	268	72.6
Depreciation, depletion & amortization	8.6	6.4	5.2	4.8	5.1	6.1
Deferred taxes	–	–	–	–	–	–
Non-cash items	198	32.0	44.2	−385	−221	−51.8
Changes in working capital	−35.6	−45.4	−10.3	8.9	−22.8	−55.2
Cash from operations	27.7	11.4	30.2	48.4	29.7	−28.3
Investing activities
Capital expenditures	−10.5	−8.4	−15.8	−16.2	−14.4	−8.8
Other investing cash flows	387	−32.8	2.1	−245	−92.4	−46.9
Cash from investing	376	−41.1	−13.7	−261	−107	−55.6
Financing activities
Financing cash flow items	−74.9	−37.3	−41.5	−34.5	−26.5	−4.5
Cash dividends paid	−8.9	−23.7	−27.3	−25.8	−18.1	−18.5
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−326	91.5	202	347	−106	217
Cash from financing	−410	30.4	133	287	−151	194
Foreign exchange effects	−0.9	−0.5	−0.1	−1.6	−5.2	0.2
Net change in cash	−6.5	0.2	150	72.4	−233	110
Free cash flow	17.2	3.0	14.4	32.2	15.3	−37.0

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.