Market Cap
S$449.2m
Last Updated
2020/08/10 12:40 UTC
Data Sources
Company Financials +
Executive Summary
Delfi Limited, an investment holding company, manufactures and distributes chocolate confectionery products in Indonesia, the Philippines, Malaysia, Singapore, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet, good value and pays a dividend.
Similar Companies
Share Price & News
How has Delfi's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: P34 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.3%
P34
2.9%
SG Food
0.5%
SG Market
1 Year Return
-41.7%
P34
5.3%
SG Food
-19.5%
SG Market
Return vs Industry: P34 underperformed the SG Food industry which returned 5.3% over the past year.
Return vs Market: P34 underperformed the SG Market which returned -19.5% over the past year.
Shareholder returns
| P34 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | 2.9% | 0.5% |
| 30 Day | -2.0% | 9.2% | -3.0% |
| 90 Day | 3.5% | 26.1% | -0.2% |
| 1 Year | -39.5%-41.7% | 8.6%5.3% | -15.3%-19.5% |
| 3 Year | -62.4%-65.0% | 16.3%6.5% | -14.8%-24.9% |
| 5 Year | -73.6%-77.3% | 25.5%10.8% | -3.3%-20.6% |
Price Volatility Vs. Market
How volatile is Delfi's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
The Returns At Delfi (SGX:P34) Provide Us With Signs Of What's To Come3 weeks ago | Simply Wall St
Should Delfi Limited (SGX:P34) Be Part Of Your Income Portfolio?1 month ago | Simply Wall St
Who Has Been Buying Delfi Limited (SGX:P34) Shares?Valuation
Is Delfi undervalued compared to its fair value and its price relative to the market?
30.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: P34 (SGD0.74) is trading below our estimate of fair value (SGD1.06)
Significantly Below Fair Value: P34 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: P34 is good value based on its PE Ratio (11.6x) compared to the SG Food industry average (12.7x).
PE vs Market: P34 is good value based on its PE Ratio (11.6x) compared to the SG market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: P34 is poor value based on its PEG Ratio (58.2x)
Price to Book Ratio
PB vs Industry: P34 is overvalued based on its PB Ratio (1.4x) compared to the SG Food industry average (0.9x).
Next Steps
Future Growth
How is Delfi forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
0.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: P34's forecast earnings growth (0.2% per year) is below the savings rate (2.2%).
Earnings vs Market: P34's earnings (0.2% per year) are forecast to grow slower than the SG market (19.8% per year).
High Growth Earnings: P34's earnings are forecast to grow, but not significantly.
Revenue vs Market: P34's revenue (5.1% per year) is forecast to grow slower than the SG market (6% per year).
High Growth Revenue: P34's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: P34's Return on Equity is forecast to be low in 3 years time (9.5%).
Next Steps
Past Performance
How has Delfi performed over the past 5 years?
-0.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: P34 has high quality earnings.
Growing Profit Margin: P34's current net profit margins (6%) are higher than last year (4.9%).
Past Earnings Growth Analysis
Earnings Trend: P34's earnings have declined by 0.8% per year over the past 5 years.
Accelerating Growth: P34's earnings growth over the past year (35.3%) exceeds its 5-year average (-0.8% per year).
Earnings vs Industry: P34 earnings growth over the past year (35.3%) exceeded the Food industry -11.3%.
Return on Equity
High ROE: P34's Return on Equity (12.4%) is considered low.
Next Steps
Financial Health
How is Delfi's financial position?
Financial Position Analysis
Short Term Liabilities: P34's short term assets ($255.0M) exceed its short term liabilities ($158.8M).
Long Term Liabilities: P34's short term assets ($255.0M) exceed its long term liabilities ($15.9M).
Debt to Equity History and Analysis
Debt Level: P34's debt to equity ratio (25.6%) is considered satisfactory.
Reducing Debt: P34's debt to equity ratio has increased from 22.1% to 25.6% over the past 5 years.
Debt Coverage: P34's debt is well covered by operating cash flow (55%).
Interest Coverage: P34's interest payments on its debt are well covered by EBIT (19.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Delfi current dividend yield, its reliability and sustainability?
4.20%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: P34's dividend (4.2%) is higher than the bottom 25% of dividend payers in the SG market (2.67%).
High Dividend: P34's dividend (4.2%) is low compared to the top 25% of dividend payers in the SG market (5.97%).
Stability and Growth of Payments
Stable Dividend: P34's dividend payments have been volatile in the past 10 years.
Growing Dividend: P34's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.9%), P34's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: P34's dividends in 3 years are forecast to be covered by earnings (51.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
John Chuang (72 yo)
15.75yrs
Tenure
Mr. Tiong Choon Chuang, also known as John, has been Group Chief Executive Officer of Delfi Limited since November 5, 2004 and serves as its Managing Director. Mr. Chuang is responsible for the overall st ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO | 15.75yrs | no data | 0.56% $ 2.5m | |
| Group Chief Financial Officer | 1.92yrs | no data | no data | |
| Chief of Quality Assurance | 1.5yrs | no data | no data | |
| Group Chief Growth & Marketing Officer and Executive Director | 21.42yrs | no data | 0.093% $ 419.6k | |
| Business Development Director & Executive Director | 19.25yrs | no data | 0.10% $ 463.6k | |
| Chief of Manufacturing | 1.5yrs | no data | no data | |
| Head of Corporate Planning | no data | no data | no data | |
| President Director of PT Nirwana Lestari | no data | no data | no data | |
| President Director & Director of Finance - PT Perusahaan Industri Ceres | no data | no data | no data | |
| Company Secretary | 36.58yrs | no data | 0.15% $ 658.6k | |
| Joint Company Secretary | 0.92yr | no data | no data |
1.9yrs
Average Tenure
67yo
Average Age
Experienced Management: P34's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO | 15.75yrs | no data | 0.56% $ 2.5m | |
| Group Chief Growth & Marketing Officer and Executive Director | 21.42yrs | no data | 0.093% $ 419.6k | |
| Business Development Director & Executive Director | 19.25yrs | no data | 0.10% $ 463.6k | |
| President Director of PT Nirwana Lestari | no data | no data | no data | |
| President Director & Director of Finance - PT Perusahaan Industri Ceres | no data | no data | no data | |
| Non-Executive Non-Independent Director | 19.17yrs | US$72.88k | 0.016% $ 73.5k | |
| Independent Non-Executive Director | 8.67yrs | US$113.63k | no data | |
| Independent Chairman | 19.17yrs | US$193.30k | 0.029% $ 130.1k | |
| Independent Non-Executive Director | 15.25yrs | US$157.92k | 0.0082% $ 36.7k | |
| Independent Non-Executive Director | 3.58yrs | US$100.09k | 0.0036% $ 16.2k |
19.2yrs
Average Tenure
65.5yo
Average Age
Experienced Board: P34's board of directors are seasoned and experienced ( 19.2 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Delfi Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Delfi Limited
- Ticker: P34
- Exchange: SGX
- Founded: 1984
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: S$449.200m
- Shares outstanding: 611.16m
- Website: https://www.delfilimited.com
Location
- Delfi Limited
- TripleOne Somerset
- No. 16-12, 111 Somerset Road
- Singapore
- 238164
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| P34 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Nov 2004 |
| PEFD.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Nov 2004 |
Biography
Delfi Limited, an investment holding company, manufactures and distributes chocolate confectionery products in Indonesia, the Philippines, Malaysia, Singapore, and internationally. Its products include mol ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/10 12:40 |
| End of Day Share Price | 2020/08/07 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.