Delfi (SGX:P34) - Stock Price, News & Analysis

P34 Stock Overview

P34 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	2/6
Past Performance	4/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 20.6% below our estimate of its fair value

Earnings are forecast to grow 3.97% per year

Earnings grew by 36.8% over the past year

Analysts in good agreement that stock price will rise by 43.8%

Risk Analysis

High level of non-cash earnings

Dividend of 5.55% is not well covered by cash flows

Delfi Limited Competitors

Food Empire Holdings

SGX:F03

S$575.1m

QAF

SGX:Q01

S$466.0m

Indofood Agri Resources

SGX:5JS

S$418.8m

Mewah International

SGX:MV4

S$405.2m

Price History & Performance

Summary of all time highs, changes and price drops for Delfi
Historical stock prices
Current Share Price	S$1.12
52 Week High	S$1.45
52 Week Low	S$0.77
Beta	0.45
1 Month Change	-8.94%
3 Month Change	-10.40%
1 Year Change	43.59%
3 Year Change	68.42%
5 Year Change	-13.85%
Change since IPO	29.48%

An Intrinsic Calculation For Delfi Limited (SGX:P34) Suggests It's 20% Undervalued

Nov 20

Delfi (SGX:P34) Has Announced That It Will Be Increasing Its Dividend To $0.0273

Aug 09

Recent updates

An Intrinsic Calculation For Delfi Limited (SGX:P34) Suggests It's 20% Undervalued

Nov 20

Delfi (SGX:P34) Has Announced That It Will Be Increasing Its Dividend To $0.0273

Aug 09

Delfi Limited's (SGX:P34) Stock Is Going Strong: Is the Market Following Fundamentals?

Dec 11

What Do The Returns On Capital At Delfi (SGX:P34) Tell Us?

Nov 24

Shareholder Returns

	P34	SG Food	SG Market
7D	-5.1%	-0.9%	-0.8%
1Y	43.6%	-11.3%	-7.7%

Return vs Industry: P34 exceeded the SG Food industry which returned -11.3% over the past year.

Return vs Market: P34 exceeded the SG Market which returned -7.7% over the past year.

Price Volatility

Is P34's price volatile compared to industry and market?
P34 volatility
P34 Average Weekly Movement	4.3%
Food Industry Average Movement	4.2%
Market Average Movement	4.7%
10% most volatile stocks in SG Market	13.4%
10% least volatile stocks in SG Market	2.4%

Stable Share Price: P34 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: P34's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1984	n/a	John Chuang	https://www.delfilimited.com

Delfi Limited, an investment holding company, manufactures, markets, distributes, and sells chocolate, chocolate confectionery, and consumer products in Indonesia, the Philippines, Malaysia, Singapore, and internationally. Its products include chocolate bars, chocolate breakfast products, moulded chocolates, dragées, baking ingredients, enrobed wafers, and chocolate biscuits and beverages. The company also distributes a range of food and beverage, healthcare, snacking, and breakfast food sectors, including agency brands; and provides management consulting and administrative services.

Delfi Limited Fundamentals Summary

How do Delfi's earnings and revenue compare to its market cap?
P34 fundamental statistics
Market Cap	S$684.50m
Earnings (TTM)	S$66.23m
Revenue (TTM)	S$696.48m

10.3x

P/E Ratio

1.0x

P/S Ratio

Is P34 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
P34 income statement (TTM)
Revenue	US$522.88m
Cost of Revenue	US$361.16m
Gross Profit	US$161.72m
Other Expenses	US$112.00m
Earnings	US$49.72m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.081
Gross Margin	30.93%
Net Profit Margin	9.51%
Debt/Equity Ratio	9.2%

How did P34 perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

50%

Payout Ratio

P34 Stock Overview

Rewards

Risk Analysis

Delfi Limited Competitors

SGX:F03

S$575.1m

SGX:Q01

S$466.0m

SGX:5JS

S$418.8m

SGX:MV4

S$405.2m

Price History & Performance

Recent News & Updates

An Intrinsic Calculation For Delfi Limited (SGX:P34) Suggests It's 20% Undervalued

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Upcoming dividend of S$0.027 per share at 4.4% yield

Delfi (SGX:P34) Has Announced That It Will Be Increasing Its Dividend To $0.0273

First half 2023 earnings released: EPS: US$0.041 (vs US$0.032 in 1H 2022)

Recent updates

An Intrinsic Calculation For Delfi Limited (SGX:P34) Suggests It's 20% Undervalued

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Upcoming dividend of S$0.027 per share at 4.4% yield

Delfi (SGX:P34) Has Announced That It Will Be Increasing Its Dividend To $0.0273

First half 2023 earnings released: EPS: US$0.041 (vs US$0.032 in 1H 2022)

The Trend Of High Returns At Delfi (SGX:P34) Has Us Very Interested

Delfi Limited to Report First Half, 2023 Results on Aug 07, 2023

Delfi Limited Announces Appointment of Lee Meng Tat as Independent Director

Delfi Limited Declares Final Dividend for the Financial Year Ended 31 December 2022

Delfi Limited to Report Q1, 2023 Results on May 16, 2023

Should You Be Adding Delfi (SGX:P34) To Your Watchlist Today?

Upcoming dividend of S$0.036 per share at 5.0% yield

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Delfi's (SGX:P34) Shareholders Will Receive A Bigger Dividend Than Last Year

Investor sentiment improves as stock rises 15%

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Delfi Limited to Report Fiscal Year 2022 Results on Feb 27, 2023

Delfi Limited Appoints Graham Nicholas Lee as Independent Director and Member of the Audit Committee, Effective from January 1, 2023

Insufficient new directors

Delfi Limited Announces Key Management Change

Consensus EPS estimates increase by 47%

Upcoming dividend of S$0.022 per share

First half 2022 earnings released: EPS: US$0.032 (vs US$0.02 in 1H 2021)

Delfi (SGX:P34) Will Pay A Larger Dividend Than Last Year At $0.0218

Delfi Limited Declares Cash Interim (Final) Ordinary Dividend for 2022, Payable on September 7, 2022

Insufficient new directors

Delfi (SGX:P34) Is Increasing Its Dividend To S$0.021

Full year 2021 earnings: EPS exceeds analyst expectations

Delfi Limited Declares Special Dividend for the Financial Year Ended December 31, 2021, Payable on 13 May 2022

Delfi's (SGX:P34) Dividend Will Be Increased To S$0.021

Delfi Limited Appoints Tan Chay Kee as Chief Operating Officer

Delfi (SGX:P34) Will Pay A Larger Dividend Than Last Year At S$0.021

Full year 2021 earnings: EPS exceeds analyst expectations

Delfi Limited, Annual General Meeting, Apr 26, 2022

Delfi Limited to Report Fiscal Year 2021 Results on Feb 22, 2022

Upcoming dividend of S$0.017 per share

Delfi's (SGX:P34) Shareholders Will Receive A Smaller Dividend Than Last Year

First half 2021 earnings released: EPS US$0.02 (vs US$0.018 in 1H 2020)

Chief of Quality Assurance, Food Safety, R&D and Technology Seok Bee Lim has left the company

Is Delfi (SGX:P34) A Risky Investment?

Delfi Limited Approves Final Dividend for the Financial Year Ended 31 December 2020

How Does Delfi Limited (SGX:P34) Fare As A Dividend Stock?

Upcoming dividend of S$0.014 per share

We Think You Can Look Beyond Delfi's (SGX:P34) Lackluster Earnings

What Do The Returns On Capital At Delfi (SGX:P34) Tell Us?

Does Delfi (SGX:P34) Have A Healthy Balance Sheet?

Delfi Limited, Annual General Meeting, Apr 27, 2021

Full year 2020 earnings released: EPS US$0.029 (vs US$0.046 in FY 2019)

Revenue and earnings miss expectations

Delfi Limited to Report Fiscal Year 2020 Results on Feb 24, 2021

Have Insiders Been Buying Delfi Limited (SGX:P34) Shares?

New 90-day high: S$0.77

Could The Delfi Limited (SGX:P34) Ownership Structure Tell Us Something Useful?

Here's What You Should Know About Delfi Limited's (SGX:P34) 4.3% Dividend Yield

New 90-day high: S$0.70

Delfi Limited's (SGX:P34) Stock Is Going Strong: Is the Market Following Fundamentals?

What Do The Returns On Capital At Delfi (SGX:P34) Tell Us?

New 90-day low: S$0.60