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OFI

Oriental Food Industries Holdings Berhad KLSE:OFI Stock Report

Last Price

RM0.91

Market Cap

RM217.2m

7D

-0.5%

1Y

1.7%

Updated

26 Jun, 2022

Data

Company Financials
OFI fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends4/6

OFI Stock Overview

Oriental Food Industries Holdings Berhad, an investment holding company, manufactures, markets, and sells snack food and confectionery products in Malaysia, rest of Asia, and internationally.

Rewards

Trading at 34.9% below our estimate of its fair value

Risk Analysis

Unstable dividend track record

Does not have a meaningful market cap (MYR217M)


Oriental Food Industries Holdings Berhad Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Oriental Food Industries Holdings Berhad
Historical stock prices
Current Share PriceRM0.91
52 Week HighRM1.24
52 Week LowRM0.83
Beta0.26
1 Month Change-6.22%
3 Month Change-12.98%
1 Year Change1.69%
3 Year Change19.08%
5 Year Change-43.79%
Change since IPO85.32%

Recent News & Updates

May 30
Oriental Food Industries Holdings Berhad (KLSE:OFI) Has Re-Affirmed Its Dividend Of RM0.012

Oriental Food Industries Holdings Berhad (KLSE:OFI) Has Re-Affirmed Its Dividend Of RM0.012

Oriental Food Industries Holdings Berhad ( KLSE:OFI ) has announced that it will pay a dividend of RM0.012 per share on...

Feb 27
Oriental Food Industries Holdings Berhad (KLSE:OFI) Is Increasing Its Dividend To RM0.01

Oriental Food Industries Holdings Berhad (KLSE:OFI) Is Increasing Its Dividend To RM0.01

Oriental Food Industries Holdings Berhad ( KLSE:OFI ) has announced that it will be increasing its dividend on the 7th...

Shareholder Returns

OFIMY FoodMY Market
7D-0.5%-2.4%-1.2%
1Y1.7%-1.8%-8.7%

Return vs Industry: OFI exceeded the MY Food industry which returned -1.8% over the past year.

Return vs Market: OFI exceeded the MY Market which returned -8.7% over the past year.

Price Volatility

Is OFI's price volatile compared to industry and market?
OFI volatility
OFI Average Weekly Movement5.0%
Food Industry Average Movement5.0%
Market Average Movement5.5%
10% most volatile stocks in MY Market11.5%
10% least volatile stocks in MY Market2.9%

Stable Share Price: OFI is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: OFI's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1978n/aTong Sonhttps://www.ofih.com.my

Oriental Food Industries Holdings Berhad, an investment holding company, manufactures, markets, and sells snack food and confectionery products in Malaysia, rest of Asia, and internationally. The company offers snack foods, wafers, biscuits, potato snacks, and bakery products under the Rota, Super Ring, Jacker, Oriental, Fudo, Delio, ZESS, and Funtos brand names. It is also involved in the property development activities.

Oriental Food Industries Holdings Berhad Fundamentals Summary

How do Oriental Food Industries Holdings Berhad's earnings and revenue compare to its market cap?
OFI fundamental statistics
Market CapRM217.20m
Earnings (TTM)RM18.16m
Revenue (TTM)RM288.12m

12.0x

P/E Ratio

0.8x

P/S Ratio

Is OFI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
OFI income statement (TTM)
RevenueRM288.12m
Cost of RevenueRM236.64m
Gross ProfitRM51.48m
Other ExpensesRM33.32m
EarningsRM18.16m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.076
Gross Margin17.87%
Net Profit Margin6.30%
Debt/Equity Ratio2.5%

How did OFI perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

37%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is OFI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OFI?

Other financial metrics that can be useful for relative valuation.

OFI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA4.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does OFI's PE Ratio compare to its peers?

OFI PE Ratio vs Peers
The above table shows the PE ratio for OFI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average25.5x

Price-To-Earnings vs Peers: OFI is good value based on its Price-To-Earnings Ratio (12x) compared to the peer average (25.5x).

Price to Earnings Ratio vs Industry

How does OFI's PE Ratio compare vs other companies in the Malaysian Food Industry?

Price-To-Earnings vs Industry: OFI is good value based on its Price-To-Earnings Ratio (12x) compared to the MY Food industry average (12.2x)

Price to Earnings Ratio vs Fair Ratio

What is OFI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OFI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate OFI's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of OFI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OFI (MYR0.91) is trading below our estimate of fair value (MYR1.39)

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

Price to Earnings Growth Ratio

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

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Future Growth

How is Oriental Food Industries Holdings Berhad forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

-7.0%

Forecasted Food, Beverage & Tobacco 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 Oriental Food Industries Holdings Berhad 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.

Discover growth companies

  • Examine whether Oriental Food Industries Holdings Berhad is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Oriental Food Industries Holdings Berhad performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE

3.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OFI has high quality earnings.

Growing Profit Margin: OFI's current net profit margins (6.3%) are higher than last year (6.3%).

Past Earnings Growth Analysis

Earnings Trend: OFI's earnings have grown by 3.6% per year over the past 5 years.

Accelerating Growth: OFI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: OFI had negative earnings growth (-1.8%) over the past year, making it difficult to compare to the Food industry average (35.1%).

Return on Equity

High ROE: OFI's Return on Equity (8.2%) is considered low.

Discover strong past performing companies

Financial Health

How is Oriental Food Industries Holdings Berhad's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: OFI's short term assets (MYR144.4M) exceed its short term liabilities (MYR41.4M).

Long Term Liabilities: OFI's short term assets (MYR144.4M) exceed its long term liabilities (MYR16.8M).

Debt to Equity History and Analysis

Debt Level: OFI has more cash than its total debt.

Reducing Debt: OFI's debt to equity ratio has reduced from 7.9% to 2.5% over the past 5 years.

Debt Coverage: OFI's debt is well covered by operating cash flow (436.7%).

Interest Coverage: OFI's interest payments on its debt are well covered by EBIT (91.6x coverage).

Balance Sheet

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Dividend

What is Oriental Food Industries Holdings Berhad current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

3.09%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: OFI's dividend (3.09%) is higher than the bottom 25% of dividend payers in the MY market (2.15%).

High Dividend: OFI's dividend (3.09%) is low compared to the top 25% of dividend payers in the MY market (4.94%).

Stability and Growth of Payments

Stable Dividend: OFI's dividend payments have been volatile in the past 10 years.

Growing Dividend: OFI's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (37%), OFI's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (32.8%), OFI's dividend payments are well covered by cash flows.

Discover strong dividend paying companies

Management

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

5.6yrs

Average management tenure

CEO

Tong Son (51 yo)

3.83yrs

Tenure

RM978,705

Compensation

Mr. Son Tong Leong has been an Executive Director of Oriental Food Industries Holdings Bhd since June 8, 2000 and its Group Chief Executive Officer since August 29, 2018. Mr. Son supervises the running of...

CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Tong's total compensation is reasonable compared to companies of similar size in the MY market.

Compensation vs Earnings: Insufficient data to compare Tong's compensation with company performance.

Leadership Team

Experienced Management: OFI's management team is seasoned and experienced (5.6 years average tenure).

Board Members

Experienced Board: OFI's board of directors are seasoned and experienced ( 22 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

Oriental Food Industries Holdings Berhad's employee growth, exchange listings and data sources

Key Information

  • Name: Oriental Food Industries Holdings Berhad
  • Ticker: OFI
  • Exchange: KLSE
  • Founded: 1978
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: RM217.200m
  • Shares outstanding: 240.00m
  • Website: https://www.ofih.com.my

Location

  • Oriental Food Industries Holdings Berhad
  • No. 65, Jalan Usaha 7
  • Air Keroh Industrial Estate
  • Malacca
  • Melaka
  • 75450
  • Malaysia

Listings

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/22 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.