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SBS Transit Ltd (S61.SI)

SG SES Industrials Railroads
Address 205 Braddell Road 579701
Singapore, SG
CEO Vee Ming Sim
IPO 2000-01-03
ISIN SG1F58858209

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Description

SBS Transit Ltd, established in Singapore in 1973, is a major public transportation provider in the island nation, operating primarily through its Public Transport Services and Other Commercial Services divisions. The company runs scheduled bus services, managing a substantial fleet of 3,548 vehicles across 228 routes. Its rail operations encompass the automated underground North East MRT Line, the subterranean Downtown Line, and the Sengkang and Punggol light rail transit systems, collectively serving 78 stations with 192 trains. Beyond transport, SBS Transit generates revenue from commercial activities including selling advertisement space on its buses, trains, and within its interchanges and stations, alongside leasing out retail and commercial units at these transport hubs. Previously known as Singapore Bus Services Limited, the company adopted its current name in November 2001 and operates as a subsidiary of ComfortDelGro Corporation Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
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Volume Profile
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Liquidity & share structure
Average Volume
213.5K
Beta
0.06
Float Shares
77.35M
Free Float %
24.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.43% +2.01% -3.79% -6.82% +11.64% +10.94% +27.24% +37.60% +17.94% +51.71% +285.87%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
3.55
DCF (Unlevered) 10.63 +199.5%
DCF (Levered) 9.68 +172.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.54
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Railroads: +4.4%
    -2.7% Q2'25: -4.8% (vs Q2'24)
  • EPS growth Railroads: +13.1%
    -9.1% Q2'25: -10.2% (vs Q2'24)
  • FCF margin FCF growth · Railroads: +40.4%
    +6.3% Q2'25: +0.0% (vs Q2'24)
  • EBIT margin Railroads: +14.1%
    +4.5% Q2'25: +4.5% (vs Q2'24)
  • ROIC Railroads: +5.9%
    +18.0% Q2'25: +17.8% (vs Q2'24)
  • Share dilution Railroads: +0.4%
    +0.2% Q2'25: +0.1% (vs Q2'24)
  • Debt / EBITDA Net debt/EBITDA · Railroads: 1.34×
    0.10× Q2'25: 0.08× (vs Q2'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.06) × ERP
WACC = 99% × Ke + 1% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 10.63 Current price: 3.81
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
1.23B
est: 1.22B (+0.7%)
1.31B
est: 1.30B (+1.1%)
1.52B
est: 1.45B (+4.6%)
1.53B
est: 1.48B (+3.0%)
1.56B
est: 1.44B (+8.4%)
1.51B
1.51B – 1.51B
+4.8% YoY
1.44B
1.44B – 1.44B
-4.7% YoY
EBITDA
189.30M
est: 153.54M (+23.3%)
159.19M
est: 162.85M (-2.3%)
186.01M
est: 182.07M (+2.2%)
183.85M
est: 186.21M (-1.3%)
171.39M
est: 165.12M (+3.8%)
173.08M
173.08M – 173.08M
+4.8% YoY
164.88M
164.88M – 164.88M
-4.7% YoY
EBIT
80.26M
est: 67.11M (+19.6%)
53.85M
est: 71.18M (-24.4%)
84.43M
est: 79.58M (+6.1%)
89.49M
est: 81.39M (+9.9%)
84.23M
est: 68.83M (+22.4%)
72.15M
72.15M – 72.15M
+4.8% YoY
68.73M
68.73M – 68.73M
-4.7% YoY
Net Income
78.96M
est: 75.05M (+5.2%)
51.63M
est: 56.03M (-7.9%)
68.02M
est: 68.80M (-1.1%)
69.08M
est: 78.18M (-11.6%)
70.30M
est: 80.94M (-13.1%)
57.24M
57.24M – 57.24M
-29.3% YoY
57.53M
57.53M – 57.53M
+0.5% YoY
SGA
263.67M
est: 136.22M (+93.6%)
229.61M
est: 144.48M (+58.9%)
132.41M
est: 161.53M (-18.0%)
est: 165.20M (-100.0%)
125.76M
est: 136.73M (-8.0%)
143.32M
143.32M – 143.32M
+4.8% YoY
136.53M
136.53M – 136.53M
-4.7% YoY
EPS
0.25
est: 0.24 (+4.2%)
0.17
est: 0.18 (-5.1%)
0.22
est: 0.22 (+0.0%)
0.22
est: 0.25 (-12.0%)
0.23
est: 0.26 (-11.0%)
0.18
0.18 – 0.18
-29.3% YoY
0.18
0.18 – 0.18
+0.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C+ 2/5 5/5 1/5 1/5 4/5 1/5 1/5
2026-05-28 C+ 2/5 5/5 1/5 1/5 4/5 1/5 1/5
2026-05-26 C+ 2/5 5/5 1/5 1/5 4/5 1/5 1/5
2026-05-25 C+ 2/5 5/5 1/5 1/5 4/5 1/5 1/5
2026-05-22 C+ 2/5 5/5 1/5 1/5 4/5 1/5 1/5
2026-05-21 C+ 2/5 5/5 1/5 1/5 4/5 1/5 1/5
2026-05-20 C+ 2/5 5/5 1/5 1/5 4/5 1/5 1/5
2026-05-19 C+ 2/5 5/5 1/5 1/5 4/5 1/5 1/5
2026-05-18 C+ 2/5 5/5 1/5 1/5 4/5 1/5 1/5
2026-05-15 C+ 2/5 5/5 1/5 1/5 4/5 1/5 1/5
2026-05-14 C+ 2/5 5/5 1/5 1/5 4/5 1/5 1/5
2026-05-13 C+ 2/5 5/5 1/5 1/5 4/5 1/5 1/5
2026-05-12 C+ 2/5 5/5 1/5 1/5 4/5 1/5 1/5
2026-05-11 C+ 2/5 5/5 1/5 1/5 4/5 1/5 1/5
2026-05-08 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-07 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-06 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-05 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-05-04 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-04-30 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-04-29 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-04-28 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-04-27 C+ 2/5 5/5 1/5 1/5 3/5 1/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-12.95M
OE per share TTM
-0.04
Owner's Yield
-1.17%
Maintenance CapEx ratio
39.19%
Maint CapEx / Avg PPE
31.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 5 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Dimensional - International Small Cap ETF DFIS 0.00% 131.8K 0.39%
2 Avantis Global Small Cap Value UCITS ETF AVGS.L 0.00% 24.0K 0.39%
3 Avantis International Small Cap Value ETF AVDV 0.00% 249.7K 0.36%
4 Dimensional - International Core Equity 2 ETF DFIC 0.00% 177.6K 0.22%
5 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 115.2K 0.28%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
7.1K
Shares Outstanding
313.13M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Vee Ming Sim Chief Executive Officer of Bus Business, Group CEO & Non-Independent Executive Director 981.5K male
Jit Poh Lim Senior Advisor 30.1K male
Kah Wei Head of Rail Development male
Kum Ee Chew Chief Financial Officer female
Peng Fai Mok Chief Executive Officer of Singapore One Rail - Jurong Region Line male
Peng Guan Ngoh Head of Risk & Sustainability and Head of Bus Support male
Pin Kai Goh Head of Bus Development male
Tan Hui Boon Chief Human Resource Officer female
Cheen Kuan Au General Counsel & Company Secretary male
Yam Lim Lee Chief Executive Officer of Rail Business & Head of Downtown Line male
I-Lin Tan Group Corporation Affairs Officer of ComfortDelGro Group female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits