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JB Foods

SGX:BEW
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BEW
SGX
SGD174M
Market Cap
  1. Home
  2. SG
  3. Food, Beverage & Tobacco
Company description

JB Foods Limited, an investment holding company, produces and sells cocoa ingredient products. The last earnings update was 109 days ago. More info.


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BEW Share Price and Events
Price Volatility
BEW
Industry
5yr Volatility vs Market
Related Companies

BEW Value

 Is JB Foods undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of JB Foods to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for JB Foods.

SGX:BEW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:BEW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.6%
Equity Risk Premium S&P Global 7.4%
Food Unlevered Beta Simply Wall St/ S&P Global 0.39
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.387 (1 + (1- 24%) (74.16%))
0.605
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.56% + (0.8 * 7.44%)
8.51%

Discounted Cash Flow Calculation for SGX:BEW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for JB Foods is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:BEW DCF 1st Stage: Next 5 year cash flow forecast
2018 2019 2020 2021 2022
Levered FCF (USD, Millions) 19.10 21.39 23.95 26.82 30.03
Source Extrapolated @ (11.98%) Extrapolated @ (11.98%) Extrapolated @ (11.98%) Extrapolated @ (11.98%) Extrapolated @ (11.98%)
Present Value
Discounted (@ 8.51%)
17.61 18.17 18.75 19.35 19.96
Present value of next 5 years cash flows $94
SGX:BEW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2022 × (1 + g) ÷ (Discount Rate – g)
= $30 × (1 + 2.56%) ÷ (8.51% – 2.56%)
$518
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $518 ÷ (1 + 8.51%)5
$344
SGX:BEW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $94 + $344
$438
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $438 / 303
$1.44
SGX:BEW Discount to Share Price
Calculation Result
Exchange Rate USD/SGD
(Reporting currency to currency of SGX:BEW)
1.363
Value per Share
(SGD)
= Value per Share in USD x Exchange Rate (USD/SGD)
= $1.44 x 1.363
SGD1.97
Value per share (SGD) From above. SGD1.97
Current discount Discount to share price of SGD0.57
= -1 x (SGD0.57 - SGD1.97) / SGD1.97
71.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price JB Foods is available for.
Intrinsic value
>50%
Share price is SGD0.57 vs Future cash flow value of SGD1.97
Current Discount Checks
For JB Foods to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • JB Foods's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • JB Foods's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for JB Foods's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are JB Foods's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:BEW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings () in USD $0.08
SGX:BEW Share Price ** SGX (2018-07-18) in SGD SGD0.57
SGX:BEW Share Price converted to USD reporting currency Exchange rate (SGD/ USD) 0.734 $0.41
Singapore Food Industry PE Ratio Median Figure of 17 Publicly-Listed Food Companies 12.89x
Singapore Market PE Ratio Median Figure of 332 Publicly-Listed Companies 12.91x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of JB Foods.

SGX:BEW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:BEW Share Price ÷ EPS (both in USD)

= 0.41 ÷ 0.08

5.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JB Foods is good value based on earnings compared to the SG Food industry average.
  • JB Foods is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does JB Foods's expected growth come at a high price?
Raw Data
SGX:BEW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-14.4%per year
Singapore Food Industry PEG Ratio Median Figure of 9 Publicly-Listed Food Companies 0.97x
Singapore Market PEG Ratio Median Figure of 128 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for JB Foods, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on JB Foods's assets?
Raw Data
SGX:BEW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings () in USD $0.39
SGX:BEW Share Price * SGX (2018-07-18) in SGD SGD0.57
SGX:BEW Share Price converted to USD reporting currency Exchange rate (SGD/ USD) 0.734 $0.41
Singapore Food Industry PB Ratio Median Figure of 22 Publicly-Listed Food Companies 0.9x
Singapore Market PB Ratio Median Figure of 450 Publicly-Listed Companies 0.72x
SGX:BEW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:BEW Share Price ÷ Book Value per Share (both in USD)

= 0.41 ÷ 0.39

1.06x

* Primary Listing of JB Foods.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JB Foods is overvalued based on assets compared to the SG Food industry average.
X
Value checks
We assess JB Foods's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. JB Foods has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BEW Future Performance

 How is JB Foods expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover JB Foods, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-14.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is JB Foods expected to grow at an attractive rate?
  • JB Foods's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.6%.
Growth vs Market Checks
  • JB Foods's earnings are expected to decrease over the next 1-3 years, this is below the Singapore market average.
  • Unable to compare JB Foods's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:BEW Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:BEW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -14.4%
Singapore Food Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
Singapore Food Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 6%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 6.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:BEW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:BEW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-03-31 298 22 18
2017-12-31 296 43 14
2017-09-30 301 39 9
2017-06-30 295 14 5
2017-03-31 297 6 4
2016-12-31 301 -7 4
2016-09-30 299 -24 5
2016-06-30 292 11 5
2016-03-31 259 -4 4
2015-12-31 227 9 2
2015-09-30 201 16 -5
2015-06-30 195 -11 -9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • JB Foods's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if JB Foods is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:BEW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from JB Foods Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:BEW Past Financials Data
Date (Data in USD Millions) EPS *
2018-03-31 0.08
2017-12-31 0.06
2017-09-30 0.04
2017-06-30 0.02
2017-03-31 0.02
2016-12-31 0.02
2016-09-30 0.02
2016-06-30 0.02
2016-03-31 0.02
2015-12-31 0.01
2015-09-30 -0.02
2015-06-30 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if JB Foods will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess JB Foods's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
JB Foods has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BEW Past Performance

  How has JB Foods performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare JB Foods's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • JB Foods's year on year earnings growth rate has been positive over the past 5 years.
  • JB Foods's 1-year earnings growth exceeds its 5-year average (328.1% vs 0.8%)
  • JB Foods's earnings growth has exceeded the SG Food industry average in the past year (328.1% vs -5.2%).
Earnings and Revenue History
JB Foods's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from JB Foods Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:BEW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 298.46 17.75 11.37
2017-12-31 295.63 14.21 10.89
2017-09-30 301.10 8.93 10.87
2017-06-30 295.18 5.27 10.64
2017-03-31 296.90 4.15 10.27
2016-12-31 300.56 3.77 10.16
2016-09-30 299.49 5.01 9.61
2016-06-30 291.56 4.72 9.32
2016-03-31 259.38 3.56 8.79
2015-12-31 226.54 2.13 8.74
2015-09-30 200.86 -4.88 7.80
2015-06-30 194.83 -8.82 7.46
2015-03-31 207.49 -11.01 7.96
2014-12-31 218.69 -13.09 7.37
2014-09-30 213.15 -15.56 7.34
2014-06-30 203.31 -14.64 6.81
2014-03-31 190.71 -18.55 5.59
2013-12-31 186.60 -16.25 5.55
2013-09-30 198.35 -7.04 5.69
2013-06-30 195.62 -2.04 5.72
2013-03-31 194.68 8.31 5.85
2012-12-31 190.65 12.80 5.38
2012-09-30 183.12 15.68 4.90
2012-06-30 194.43 15.16 4.76
2012-03-31 215.72 16.41 4.89
2011-12-31 217.76 16.09 4.88

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • JB Foods has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • JB Foods used its assets more efficiently than the SG Food industry average last year based on Return on Assets.
  • JB Foods's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess JB Foods's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
JB Foods has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BEW Health

 How is JB Foods's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up JB Foods's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • JB Foods is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • JB Foods's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of JB Foods's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from JB Foods Company Filings, last reported 3 months ago.

SGX:BEW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 88.75 94.89 28.45
2017-12-31 84.12 78.46 16.57
2017-09-30 80.94 84.33 15.78
2017-06-30 76.23 79.61 9.86
2017-03-31 75.11 91.61 8.58
2016-12-31 73.93 101.70 8.18
2016-09-30 72.79 103.43 3.77
2016-06-30 71.81 84.32 9.11
2016-03-31 71.03 91.30 7.97
2015-12-31 70.23 89.68 7.86
2015-09-30 67.81 83.70 13.84
2015-06-30 68.25 88.26 7.28
2015-03-31 59.57 79.85 18.96
2014-12-31 66.99 108.85 32.81
2014-09-30 45.84 97.15 8.82
2014-06-30 50.29 85.39 13.45
2014-03-31 52.12 84.23 12.50
2013-12-31 54.66 85.43 20.34
2013-09-30 62.01 54.80 8.60
2013-06-30 66.16 57.08 8.97
2013-03-31 78.36 68.43 28.92
2012-12-31 62.08 56.17 16.76
2012-09-30 59.58 36.14 9.54
2012-06-30 38.51 46.59 11.40
2012-03-31 32.54 46.39 15.93
2011-12-31 31.46 44.84 15.39
  • JB Foods's level of debt (106.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (87.3% vs 106.9% today).
  • Debt is well covered by operating cash flow (23.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.7x coverage).
X
Financial health checks
We assess JB Foods's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. JB Foods has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BEW Dividends

 What is JB Foods's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.54%
Current annual income from JB Foods dividends.
If you bought SGD2,000 of JB Foods shares you are expected to receive SGD71 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • JB Foods's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.46%).
  • JB Foods's dividend is below the markets top 25% of dividend payers in Singapore (5.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:BEW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Singapore Food Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 286 Stocks 4.1%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.3%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:BEW Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-04-12 0.020 3.568
2018-02-28 0.020 3.449
2017-12-20 0.020 3.378
2017-04-10 0.005 1.343
2017-02-28 0.005 1.376
2014-11-14 0.000 0.000
2014-08-14 0.000 0.000
2014-05-14 0.000 0.000
2014-04-21 0.000 0.000
2014-02-28 0.000 0.000
2013-11-13 0.000 0.000
2013-08-13 0.000 0.000
2013-04-10 0.067 5.096
2012-11-12 0.067 5.869
2012-08-21 0.067 7.054

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JB Foods has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • JB Foods has only been paying a dividend for 6 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of JB Foods's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by net profit (5.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess JB Foods's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can JB Foods afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. JB Foods has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BEW Management

 What is the CEO of JB Foods's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
How Tey, image provided by Google.
How Tey
COMPENSATION $327,000
AGE 52
TENURE AS CEO 6.5 years
CEO Bio

Mr. How Keong Tey has been the Chief Executive Officer of JB Foods Limited since January 3, 2012. Mr. Tey is responsible for the overall strategic, management and business development of Group. Mr. Tey has over 23 years of experience in cocoa business. He established JB Cocoa in 2000. Mr. Tey serves as Managing Director at Kan Sam Foods Berhad. He started his career in the cocoa business in 1988 as sales manager of JBC Group. He has been an Executive Director of JB Foods Limited since January 3, 2013. Mr. Tey has been Director at Kan Sam Foods Berhad since May 31, 2011. From 1989 to October 2003, he served as Director of GCCM. He graduated with a degree in Bachelor of Business Administration, majoring in Finance from the University of Toledo, College of Business Administration, USA in 1988.

CEO Compensation
  • How's compensation has increased by more than 20% in the past year.
  • How's compensation appears reasonable for a company of this size and profit level.
Management Team Tenure

Average tenure and age of the JB Foods management team in years:

5.6
Average Tenure
47
Average Age
  • The average tenure for the JB Foods management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

How Tey

TITLE
Chief Executive Officer and Executive Director
COMPENSATION
$327K
AGE
52
TENURE
6.5 yrs

Lee Beng Goh

TITLE
Executive Director
COMPENSATION
$187K
AGE
52

Wing Wong

TITLE
Chief Financial Officer
AGE
37
TENURE
2.3 yrs

Poh Chin Saw

TITLE
Group Sales and Marketing Manager
AGE
42
TENURE
7.8 yrs

Beng Hong Ong

TITLE
Joint Company Secretary
TENURE
4.8 yrs

Kim Teck Ong

TITLE
Group Engineering Manager
AGE
43
TENURE
2.5 yrs

Teo Guan

TITLE
Tax, Costing and Purchasing Manager
AGE
51
TENURE
7 yrs
Board of Directors Tenure

Average tenure and age of the JB Foods board of directors in years:

5.4
Average Tenure
57
Average Age
  • The tenure for the JB Foods board of directors is about average.
Board of Directors

Michael Chua

TITLE
Independent Non-Executive Chairman and Lead Independent Non-Executive Director
COMPENSATION
$54K
AGE
67
TENURE
5.5 yrs

How Tey

TITLE
Chief Executive Officer and Executive Director
COMPENSATION
$327K
AGE
52
TENURE
6.5 yrs

Seng Hui Goi

TITLE
Non-Executive & Non-Independent Vice-Chairman
COMPENSATION
$30K
AGE
71
TENURE
5.3 yrs

Lee Beng Goh

TITLE
Executive Director
COMPENSATION
$187K
AGE
52
TENURE
6.2 yrs

Koon Yew Chin

TITLE
Independent and Non-Executive Director
COMPENSATION
$42K
AGE
62
TENURE
4.4 yrs

Wen Loo

TITLE
Alternate Director
AGE
43
TENURE
5.2 yrs
Recent Insider Trading
  • More shares have been bought than sold by JB Foods insiders in the past 3 months, but not in substantial volumes.
Who owns this company?
X
Management checks
We assess JB Foods's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of market cap)? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. JB Foods has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BEW News

External News
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Simply Wall St News

Is JB Foods Limited (SGX:BEW) An Attractive Dividend Stock?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Over the past 6 years, JB Foods Limited (SGX:BEW) has returned an average of 2.00% per year to shareholders in terms of dividend yield. … Let's dig deeper into whether JB Foods should have a place in your portfolio.

Simply Wall St -

You Should Buy JB Foods Limited (SGX:BEW) Because Of These Reasons

Attractive stocks have exceptional fundamentals. … In the case of JB Foods Limited (SGX:BEW), there's … trading at a great value.

Simply Wall St -

Cheap Tech Stocks This Week

Consumer staple stocks recently deemed undervalued include JB Foods and Indofood Agri Resources, as they trade at a market price below their true valuations. … Furthermore, BEW’s PE ratio is trading at around 5.36x against its its Food peer level of, 15.21x meaning that relative to other stocks in the industry, BEW can be bought at a cheaper price right now. … In terms of relative valuation, CGN’s PE ratio is around 13.09x compared to its Personal Products peer level of, 21.84x meaning that relative to other stocks in the industry, CGN can be bought at a cheaper price right now.

Simply Wall St -

Is It Time To Buy JB Foods Limited (SGX:BEW) Based Off Its PE Ratio?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for BEW Price per share = $0.39 Earnings per share = $0.078 ∴ Price-Earnings Ratio = $0.39 ÷ $0.078 = 5x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you are inadvertently comparing lower risk firms with BEW, then BEW’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

Simply Wall St -

May Best Undervalued Tech Stocks

In addition to this, 5JS’s PE ratio is currently around 13.42x compared to its index peer level of, 13.53x implying that relative to its comparable company group, we can buy 5JS’s stock at a cheaper price today. … SGX:5JS PE PEG Gauge May 16th 18 Best World International Limited (SGX:CGN) Best World International Limited develops, manufactures, and distributes skincare, personal care, nutritional, and wellness products. … Best World International was founded in 1990 and with the company's market cap sitting at SGD SGD709.91M, it falls under the small-cap group.

Simply Wall St -

Best Discounted Cylical Stocks in April

Consumer staple stocks recently deemed undervalued include JB Foods and Indofood Agri Resources, as they trade at a market price below their true valuations. … It currently has a market cap of SGD SGD178.89M placing it in the small-cap stocks category BEW's shares are currently hovering at around -82% less than its intrinsic value of $3.25, at a price tag of S$0.59, according to my discounted cash flow model. … SGX:BEW PE PEG Gauge Apr 14th 18 Indofood Agri Resources Ltd.

Simply Wall St -

Best SGX Undervalued Stocks

Companies with shares trading at a market price below what they are actually worth, such as JB Foods and Pan Hong Holdings Group, are deemed undervalued. … In addition to this, BEW’s PE ratio is trading at 7.01x while its Food peer level trades at, 11.01x implying that relative to its comparable company group, you can purchase BEW’s stock for a lower price right now. … SGX:BEW PE PEG Gauge Apr 4th 18 Pan Hong Holdings Group Limited (SGX:P36) Pan Hong Holdings Group Limited, an investment holding company, engages in the investment and development of residential and commercial properties in the People’s Republic of China.

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What Investors Should Know About JB Foods Limited's (SGX:BEW) Financial Strength

How does BEW’s operating cash flow stack up against its debt? … Additionally, BEW has generated US$42.46M in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 54.11%, indicating that BEW’s operating cash is sufficient to cover its debt. … For BEW, the ratio of 8.83x suggests that interest is appropriately covered, which means that debtors may be willing to loan the company more money, giving BEW ample headroom to grow its debt facilities.Next Steps: BEW’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Highly Undervalued Tech Stocks To Profit From

JB Foods and Indofood Agri Resources are consumer staple companies that are currently trading below what they’re actually worth. … (SGX:5JS) Indofood Agri Resources Ltd., a vertically integrated agribusiness company, engages in the research and development, oil palm seed breeding, cultivation of oil palm plantations, production and refining of crude palm oil, cultivation of rubber, and sugar cane and industrial timber plantations activities. … (SGX:P8Z) Bumitama Agri Ltd., an investment holding company, produces and trades in crude palm oil (CPO), palm kernel (PK), and related products for refineries in Indonesia.

Simply Wall St -

Can JB Foods Limited (SGX:BEW) Continue To Outperform Its Industry?

See our latest analysis for JB Foods Breaking down ROE — the mother of all ratios Return on Equity (ROE) is a measure of JB Foods’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of JB Foods’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity SGX:BEW Last Perf Mar 8th 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

Simply Wall St -

BEW Company Info

Map
Description

JB Foods Limited, an investment holding company, produces and sells cocoa ingredient products. The company offers cocoa butter, powder, liquor, and cake products. It also procures, markets, and sells cocoa beans and ingredients, and related products; and trades in waste products, as well as leases properties. JB Foods Limited sells its products to international trade houses; and end users, such as food and beverage, and confectionery manufacturers under the JB COCOA brand name in North and South America, Asia, Europe, and other countries. The company was incorporated in 2012 and is based in Gelang Patah, Malaysia. JB Foods Limited is a subsidiary of JB Cocoa Group Sdn Bhd.

Details
Name: JB Foods Limited
BEW
Exchange: SGX
Founded: 2012
SGD174,339,980
303,199,966
Website: http://www.jbcocoa.com
Address: JB Foods Limited
Lot CP1, Jalan Tanjung A/6,
Pelabuhan Tanjung Pelepas,
Gelang Patah,
Johor, 81560,
Malaysia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX BEW Ordinary Shares Singapore Exchange SG SGD 23. Jul 2012
Number of employees
Current staff
Staff numbers
526
JB Foods employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/07/18 12:02
End of day share price update: 2018/07/18 00:00
Last earnings update: 2018/03/31
Last annual earnings update: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.