The E50 Awards, first established in 1995, recognises local, privately-held companies who have contributed to economic development in Singapore and abroad.
It is jointly organised by The Business Times and KPMG, and supported by Enterprise Singapore, Singapore Business Federation and Singapore Exchange. The E50 Awards is sponsored by OCBC Bank.
Year after year, new E50 companies top the headlines with extensive media coverage in The Business Times and other media. With valuable endorsement and a mark of recognition, E50 companies are the ones to watch in the business community.
The E50 Awards seeks to recognise the fifty most enterprising privately-owned local companies in Singapore.
The ranking of the top fifty companies will be primarily on a weighted-average computation of a set of performance indicators over a three-year period, including:
- Operating Profit Before Tax (OPBT)
- Gross Turnover
- Return on Equity
- Growth in Operating Profits
- Growth in Turnover
- Net Tangible Assets
- Operating Cash Flow as a percentage of OPBT
- Quick Ratio
- Debt to Equity Ratio
- Return on Total Fixed Assets
- Operating Profit per Employee
In addition, qualitative factors such as business model, productivity and innovation, management ideals and governance, knowledge initiatives, market branding and presence, and liquidity and risk management will be taken into consideration in ranking the companies. These qualitative factors will not influence the rankings by more than 45%.
To maintain confidentiality, the profit figures of individual companies will NOT be released publicly. Individual operating profit figures will only be used for the purpose of ranking and will be published only as a percentage or ratio - for example, percentage growth in operating profits over three years. However, profit and other figures may be used for research purposes.
The organisers' decisions on all aspects of this initiative including ranking, evaluation and publication of the list will be final.
E50 companies are an elite group with the privilege of using the E50 logo on their corporate collateral identifying themselves as the cream of Singapore's business crop. Being an E50 company is a valuable mark of recognition for any local company.
Since its inception, the E50 Awards has honoured more than 500 local companies, of which more than a hundred have gone on to be listed on the local and overseas bourse. It is regarded by many local enterprises as a stepping stone towards a public listing, and is a sought-after stamp recognising excellence.
Extensive media coverage is also provided, giving these companies due recognition and support. With a heightened public profile, these enterprises can enjoy greater business opportunities as a result.
The Business Times, The Straits Times and Lian He Zao Bao also produce a special E50 supplement in conjunction with the E50 Gala Dinner where the E50 companies for the year are announced. The gala dinner is typically held in the fourth quarter of the year.
Subsequently, The Business Times will profile the E50 companies during the course of the year.