SGX:BEW

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Executive Summary

JB Foods Limited, an investment holding company, produces and sells cocoa ingredient products. More Details


Snowflake Analysis

Adequate balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has JB Foods's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.9%

BEW

-4.2%

SG Food

-0.09%

SG Market


1 Year Return

-15.2%

BEW

3.1%

SG Food

-21.9%

SG Market

Return vs Industry: BEW underperformed the SG Food industry which returned 3.1% over the past year.

Return vs Market: BEW exceeded the SG Market which returned -21.9% over the past year.


Shareholder returns

BEWIndustryMarket
7 Day-0.9%-4.2%-0.09%
30 Day1.8%-1.9%2.4%
90 Day-1.8%-2.6%-2.0%
1 Year-11.6%-15.2%6.5%3.1%-17.6%-21.9%
3 Year111.7%57.7%0.7%-7.9%-20.1%-29.8%
5 Year167.4%96.5%10.8%-2.8%-5.0%-22.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is JB Foods undervalued compared to its fair value and its price relative to the market?

5.38x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BEW (SGD0.56) is trading above our estimate of fair value (SGD0.4)

Significantly Below Fair Value: BEW is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BEW is good value based on its PE Ratio (5.4x) compared to the SG Food industry average (9.5x).

PE vs Market: BEW is good value based on its PE Ratio (5.4x) compared to the SG market (13.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BEW's PB Ratio (0.8x) is in line with the SG Food industry average.


Next Steps

Future Growth

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

9.2%

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 JB Foods 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 JB Foods performed over the past 5 years?

48.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BEW has high quality earnings.

Growing Profit Margin: BEW's current net profit margins (5.8%) are lower than last year (7.9%).


Past Earnings Growth Analysis

Earnings Trend: BEW has become profitable over the past 5 years, growing earnings by 48% per year.

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

Earnings vs Industry: BEW had negative earnings growth (-13.6%) over the past year, making it difficult to compare to the Food industry average (10.4%).


Return on Equity

High ROE: BEW's Return on Equity (15.7%) is considered low.


Next Steps

Financial Health

How is JB Foods's financial position?


Financial Position Analysis

Short Term Liabilities: BEW's short term assets ($233.2M) exceed its short term liabilities ($170.4M).

Long Term Liabilities: BEW's short term assets ($233.2M) exceed its long term liabilities ($12.3M).


Debt to Equity History and Analysis

Debt Level: BEW's debt to equity ratio (98.4%) is considered high.

Reducing Debt: BEW's debt to equity ratio has reduced from 128.9% to 98.4% over the past 5 years.

Debt Coverage: BEW's debt is not well covered by operating cash flow (3%).

Interest Coverage: BEW's interest payments on its debt are well covered by EBIT (5.8x coverage).


Balance Sheet


Next Steps

Dividend

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

4.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BEW's dividend (4.75%) is higher than the bottom 25% of dividend payers in the SG market (2.54%).

High Dividend: BEW's dividend (4.75%) is low compared to the top 25% of dividend payers in the SG market (5.36%).


Stability and Growth of Payments

Stable Dividend: BEW has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BEW has only been paying a dividend for 8 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.2%), BEW's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

7.9yrs

Average management tenure


CEO

How Tey (54 yo)

8.75yrs

Tenure

US$2,124,000

Compensation

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 ...


CEO Compensation Analysis

Compensation vs Market: How's total compensation ($USD1.16M) is above average for companies of similar size in the SG market ($USD375.87K).

Compensation vs Earnings: How's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
How Tey
CEO & Executive Director8.75yrsUS$2.12m0.95%
$ 1.6m
Lee Goh
Executive Director8.42yrsUS$1.05m1.45%
$ 2.5m
Wing Wong
CFO & Company Secretary4.5yrsno datano data
Poh Saw
Group Sales & Marketing Manager10.08yrsno datano data
Beng Ong
Joint Company Secretary7yrsno datano data

7.9yrs

Average Tenure

49yo

Average Age

Experienced Management: BEW's management team is seasoned and experienced (7.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
How Tey
CEO & Executive Director8.75yrsUS$2.12m0.95%
$ 1.6m
Lee Goh
Executive Director8.42yrsUS$1.05m1.45%
$ 2.5m
Koon Chin
Independent & Non-Executive Director6.67yrsUS$54.00k0.21%
$ 353.9k
Wen Lieh Loo
Alternate Director7.42yrsno datano data
Seng Hui Goi
Non-Executive & Non-Independent Vice-Chairman7.58yrsUS$42.00k0.18%
$ 313.7k
Cheow Chua
Independent Non-Executive Chairman & Lead Independent Non-Executive Director7.75yrsUS$66.00kno data

7.7yrs

Average Tenure

59yo

Average Age

Experienced Board: BEW's board of directors are considered experienced (7.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: BEW insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

JB Foods Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: JB Foods Limited
  • Ticker: BEW
  • Exchange: SGX
  • Founded: 2012
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: S$169.792m
  • Shares outstanding: 303.20m
  • Website: https://www.jbcocoa.com

Number of Employees


Location

  • JB Foods Limited
  • Lot CP1, Jalan Tanjung A/6
  • Pelabuhan Tanjung Pelepas
  • Gelang Patah
  • Johor
  • 81560
  • Malaysia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BEWSGX (Singapore Exchange)YesOrdinary SharesSGSGDJul 2012

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 12:35
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.