BSE:526481

Stock Analysis Report

Executive Summary

Phoenix International Limited, together with its subsidiaries, manufactures and supplies shoes and shoe uppers in India.

Rewards

Trading at 77.3% below its fair value

Earnings grew by 70% over the past year

Risk Analysis

Does not have a meaningful market cap (₹205M)

Large one-off items impacting financial results



Snowflake Analysis

Undervalued with excellent balance sheet.

Share Price & News

How has Phoenix International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 526481 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.2%

526481

0.2%

IN Luxury

-0.4%

IN Market


1 Year Return

-23.8%

526481

16.6%

IN Luxury

11.1%

IN Market

Return vs Industry: 526481 underperformed the Indian Luxury industry which returned 16.6% over the past year.

Return vs Market: 526481 underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

526481IndustryMarket
7 Day-1.2%0.2%-0.4%
30 Day-16.5%3.3%-1.2%
90 Day-5.7%8.5%3.3%
1 Year-23.8%-23.8%17.3%16.6%13.0%11.1%
3 Year17.3%17.3%53.8%52.0%25.3%18.6%
5 Year25.7%25.7%103.0%96.4%35.4%23.1%

Price Volatility Vs. Market

How volatile is Phoenix International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Phoenix International undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 526481 (₹12.19) is trading below our estimate of fair value (₹53.75)

Significantly Below Fair Value: 526481 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 526481 is good value based on its PE Ratio (6.7x) compared to the Luxury industry average (11x).

PE vs Market: 526481 is good value based on its PE Ratio (6.7x) compared to the Indian market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 526481's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 526481 is good value based on its PB Ratio (0.1x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Phoenix International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.8%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Phoenix International has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Phoenix International performed over the past 5 years?

30.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 526481 has a large one-off loss of ₹23.2M impacting its March 31 2019 financial results.

Growing Profit Margin: 526481's current net profit margins (7.2%) are higher than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: 526481's earnings have grown significantly by 30.3% per year over the past 5 years.

Accelerating Growth: 526481's earnings growth over the past year (70%) exceeds its 5-year average (30.3% per year).

Earnings vs Industry: 526481 earnings growth over the past year (70%) exceeded the Luxury industry 2.7%.


Return on Equity

High ROE: 526481's Return on Equity (0.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Phoenix International's financial position?


Financial Position Analysis

Short Term Liabilities: 526481's short term assets (₹1.1B) exceed its short term liabilities (₹328.4M).

Long Term Liabilities: 526481's short term assets (₹1.1B) exceed its long term liabilities (₹906.0M).


Debt to Equity History and Analysis

Debt Level: 526481's debt to equity ratio (26.9%) is considered satisfactory.

Reducing Debt: 526481's debt to equity ratio has reduced from 110.5% to 26.9% over the past 5 years.

Debt Coverage: 526481's debt is well covered by operating cash flow (23.5%).

Interest Coverage: 526481's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet

Inventory Level: 526481 has a high level of physical assets or inventory.

Debt Coverage by Assets: 526481's debt is covered by short term assets (assets are 1.2x debt).


Next Steps

Dividend

What is Phoenix International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 526481's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 526481's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 526481's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 526481's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 526481's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.2yrs

Average board tenure


CEO

Tushar Korde 0

0.8yrs

Tenure

0

Mr. Tushar Korde has been Chief Executive Officer at Phoenix International Limited since May 30, 2019. 


Board Members

NamePositionTenureCompensationOwnership
Narender Makkar
Company Secretary20.5yrsno datano data
Narendra Aggarwal
Non Executive & Independent Director15.1yrsno datano data
Paruvatharayil Alexander
Independent Chairman0yrsno datano data
Jitender Pancharia
Non Executive & Independent Director3.3yrs₹40.00kno data
Pushpa Joshi
Non Executive Independent Woman Director0.3yrsno datano data

9.2yrs

Average Tenure

57yo

Average Age

Experienced Board: 526481's board of directors are considered experienced (9.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Phoenix International Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Phoenix International Limited
  • Ticker: 526481
  • Exchange: BSE
  • Founded: 1987
  • Industry: Footwear
  • Sector: Consumer Durables
  • Market Cap: ₹204.665m
  • Shares outstanding: 16.79m
  • Website: https://www.phoenixindia.com

Location

  • Phoenix International Limited
  • Gopala Tower
  • 3rd Floor
  • New Delhi
  • Delhi
  • 110008
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
526481BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 1996

Biography

Phoenix International Limited, together with its subsidiaries, manufactures and supplies shoes and shoe uppers in India. The company operates through Shoe Manufacturing and Rental Services of Immovable Properties segments. It also leases buildings. Phoenix International Limited was incorporated in 1987 and is based in New Delhi, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 12:45
End of Day Share Price2020/02/13 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.