CSC Holdings Limited (C06) AI Stock Analysis

• Market Cap: S$39.25M
• Dividend Yield: N/A
• Average Volume (3M): 2.48M
• Price to Earnings (P/E): 20.0
• Beta (1Y): 0.14
• Revenue Growth: 6.96%
• EPS Growth: -16.22%
• Country: SG
• Employees: 1,400
• Sector: Industrials
• Sector Strength: 86
• Industry: Engineering & Construction
• EPS (TTM): 0.00
• Shares Outstanding: 3,588,348,100
• 10 Day Avg. Volume: 2,172,580
• 30 Day Avg. Volume: 2,478,176
• PEG Ratio: <0.01
• Price to Book (P/B): 0.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.44
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 50 Neutral
• Price Target: ―

CSC Holdings Limited's overall score reflects a mixed financial outlook, with notable revenue and cash flow improvements overshadowed by significant profitability challenges and high leverage. The stable technical analysis suggests that the stock price is not experiencing volatility, but the lack of positive valuation metrics weighs heavily. Strategic initiatives to improve profitability and reduce debt are crucial for enhancing the company's overall health.

CSC Holdings Limited Business Overview & Revenue Model

Company Description

CSC Holdings Limited, an investment holding company, provides foundation and geotechnical, and ground engineering solutions in Singapore, Malaysia, Thailand, India, and internationally. It operates through two segments, Foundation and Geotechnical Engineering, and Sales and Lease of Equipment. The company offers civil engineering, piling, foundation and geotechnical engineering, soil investigation, land surveying, and other related services. It also engages in the construction and installation of large diameter bored piles, diaphragm walls, ground improvement works, driven piles, jack-in piles, micro piles, pile testing and instrumentation, and automatic underground tunnel monitoring and engineering survey activities. In addition, the company provides laboratory testing, geotechnical instrumentation and monitoring, tunnel and structural deformation monitoring surveying, and tunneling surveying services. Further, it is involved in the property investment, development, management, and other related activities, as well as real estate activities with owned or leased properties; trading and rental of piling hammers, other foundation equipment, machinery, and other related services; sale and subletting of land; fabrication, repair, and maintenance of heavy machinery; and wholesale trading of equipment, spare parts, and consumable items. Additionally, the company rents and sells foundation engineering equipment, machinery, and spares parts; and trades in and rents construction equipment and related parts. It provides solutions for private and public sector works, including residential, commercial, industrial, and infrastructure projects. The company was founded in 1975 and is based in Singapore.

How the Company Makes Money

CSC Holdings Limited generates revenue through multiple streams primarily centered around its telecommunications and media services. The company earns money by offering subscription-based cable television packages, broadband internet services, and telephony services. These services are marketed to both individual consumers and businesses, creating a diverse customer base. Additionally, CSC Holdings earns revenue through advertising on its media platforms and strategic partnerships with content providers, enhancing its service offerings and attracting more subscribers. The company's strong market presence and continued investment in technology infrastructure also contribute to its consistent earnings.

CSC Holdings Limited Financial Statement Overview

Summary

CSC Holdings Limited shows revenue growth and an improvement in free cash flow, signaling potential recovery. Nevertheless, persistent profitability issues, high leverage, and operational inefficiencies present significant risks. The company's financial stability requires strategic improvements, especially in reducing debt reliance and enhancing profitability.

Income Statement

CSC Holdings Limited's income statement shows mixed performance. The company achieved a significant revenue growth of 15.39% from 2023 to 2024, indicating potential recovery. However, profitability remains a concern, with negative net profit and EBIT margins of -6.60% and -4.26%, respectively. The gross profit margin improved to 4.68% from 2.38% in the previous year, but the overall margins indicate operational inefficiencies.

Balance Sheet

The balance sheet reflects moderate financial stability. The debt-to-equity ratio is high at 1.71, indicating significant leverage, which could pose financial risks. Return on equity is negative at -25.13%, reflecting poor profitability. However, the equity ratio of 21.55% indicates some level of asset financing through equity.

Cash Flow

The cash flow statement shows improvement, with a strong recovery in free cash flow from negative to positive $9.31 million, reflecting a substantial growth rate. The operating cash flow to net income ratio is positive, suggesting decent cash generation relative to net income losses. However, the reliance on financing activities remains a concern.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	313.40M	305.34M	264.60M	268.74M	178.33M	342.79M
Gross Profit	18.93M	14.28M	6.29M	27.72M	10.87M	44.16M
EBITDA	9.44M	10.65M	4.06M	29.12M	17.44M	42.51M
Net Income	-15.05M	-20.16M	-26.68M	661.00K	-10.96M	5.55M
Balance Sheet
Total Assets	387.43M	372.32M	382.62M	344.10M	325.51M	364.58M
Cash, Cash Equivalents and Short-Term Investments	14.11M	18.81M	22.80M	34.36M	34.45M	19.18M
Total Debt	133.40M	136.96M	136.69M	95.02M	81.42M	96.27M
Total Liabilities	280.58M	267.01M	258.26M	198.54M	177.82M	212.96M
Stockholders Equity	81.47M	80.23M	99.05M	119.86M	120.46M	122.49M
Cash Flow
Free Cash Flow	9.19M	9.31M	-4.37M	3.60M	16.68M	29.09M
Operating Cash Flow	16.04M	17.44M	5.15M	18.25M	22.63M	38.76M
Investing Cash Flow	-2.38M	-7.27M	-5.75M	-12.39M	6.47M	-3.17M
Financing Cash Flow	-16.54M	-10.90M	-12.42M	-5.66M	-11.97M	-28.53M

CSC Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$10.77B	15.80	5.51%	1.90%	3.03%	-26.66%
C06	50 Neutral	S$39.25M	20.00	2.33%	―	6.96%	-16.22%
1J4		S$105.43M	32.24	3.99%	―	―	―
41B		S$51.40M	3.14	15.69%	3.79%	―	―
BFI		S$40.57M	13.54	3.87%	―	―	―
E3B	75 Outperform	S$441.24M	8.01	8.58%	1.67%	-10.70%	-45.35%
MR7	75 Outperform	S$135.71M	7.99	14.17%	5.13%	-1.41%	9.50%

CSC Holdings Limited Corporate Events

CSC Holdings Raises S$13.69 Million in Successful SDAX Issuance

CSC Holdings Limited successfully closed and fully subscribed its Series 006 of 3-month commercial papers, raising S$13.69 million in gross proceeds through digital securities listed on the SDAX platform. This issuance saw a 13.5% increase from the previous Series 005, indicating strong investor demand, particularly from accredited and institutional investors. Notably, certain directors and associated entities subscribed to a significant portion, highlighting internal confidence in the company’s financial strategies.

CSC Holdings Launches New Series of Digital Securities

CSC Holdings Limited has launched the sixth series of its 3-month commercial paper in digital securities under the SDAX CP Facility Programme, priced at an interest rate of 5.2% per annum. The company aims to raise between S$5 million and S$8 million from accredited and institutional investors, which could impact its financial operations and market positioning.

CSC Holdings Secures Full Subscription for 6-Month Digital Securities

CSC Holdings Limited has successfully closed its 6-month Series 001 issuance of commercial papers in digital securities on the SDAX platform, raising S$0.98 million. This marks a significant step for the company as it engages with accredited investors through a digital securities platform, potentially enhancing its market position and offering new opportunities for stakeholders. The issuance was advised by Taurus Point Capital Pte. Ltd., and further updates will be provided as material developments occur.

CSC Holdings Launches Digital Securities on SDAX Platform

CSC Holdings Limited has launched its first series of 6-month commercial paper in digital securities on the SDAX platform, aiming to raise between S$1 million and S$4 million from accredited and institutional investors. The issuance, part of the SDAX CP Facility Programme, is priced at an interest rate of 5.6% per annum and signifies the company’s strategic move to leverage digital securities for fundraising.