P34 Stock Overview

An investment holding company, manufactures, markets, distributes, and sells chocolate, chocolate confectionery, and consumer products in Indonesia, Philippines, Malaysia, Singapore, and internationally. More details

P34 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	2/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 16.7% below our estimate of its fair value

Earnings are forecast to grow 4.03% per year

Risk Analysis

Unstable dividend track record

Community vs My Fair Value

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Delfi Limited Competitors

QAF

SGX:Q01

S$486.1m

Indofood Agri Resources

SGX:5JS

S$453.7m

Yeo Hiap Seng

SGX:Y03

S$340.3m

Mewah International

SGX:MV4

S$375.2m

Price History & Performance

Summary of share price highs, lows and changes for Delfi
Historical stock prices
Current Share Price	S$0.72
52 Week High	S$0.90
52 Week Low	S$0.65
Beta	0.098
1 Month Change	2.86%
3 Month Change	-4.00%
1 Year Change	-17.71%
3 Year Change	-3.36%
5 Year Change	-7.10%
Change since IPO	-16.76%

Delfi's (SGX:P34) Returns Have Hit A Wall

Apr 08

Delfi (SGX:P34) Will Pay A Smaller Dividend Than Last Year

Mar 02

Recent updates

Delfi Limited Just Missed EPS By 9.9%: Here's What Analysts Think Will Happen Next

Mar 03

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

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

Aug 01

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

May 04

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

Apr 04

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

Aug 12

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

Apr 17

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

Apr 03

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

Feb 24

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

Aug 12

Is Delfi (SGX:P34) A Risky Investment?

Jun 11

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

May 07

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

Apr 18

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

Mar 12

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

Feb 26

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

Feb 01

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

Jan 12

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

Dec 24

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	-0.7%	1.2%	0.9%
1Y	-17.7%	1.2%	14.5%

Return vs Industry: P34 underperformed the SG Food industry which returned 1.2% over the past year.

Return vs Market: P34 underperformed the SG Market which returned 14.5% over the past year.

Price Volatility

Is P34's price volatile compared to industry and market?
P34 volatility
P34 Average Weekly Movement	4.7%
Food Industry Average Movement	4.2%
Market Average Movement	5.6%
10% most volatile stocks in SG Market	13.6%
10% least volatile stocks in SG Market	3.1%

Stable Share Price: P34 has not had significant price volatility in the past 3 months compared to the SG market.

Volatility Over Time: P34's weekly volatility (5%) has been stable over the past year.

About the Company

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

Delfi Limited, an investment holding company, manufactures, markets, distributes, and sells chocolate, chocolate confectionery, and consumer products in Indonesia, Philippines, Malaysia, Singapore, and internationally. The company’s products include chocolate bars, chocolate rice, moulded chocolates, dragées, chocolate spreads, enrobed wafers, chocolate biscuits, sandwich biscuits, and beverages. It also offers snacks, confectionery, breakfast, beverage, grocery, and engages in providing healthcare services; administrative services; investment holding; and leasing of property.

Delfi Limited Fundamentals Summary

How do Delfi's earnings and revenue compare to its market cap?
P34 fundamental statistics
Market cap	S$440.03m
Earnings (TTM)	S$44.08m
Revenue (TTM)	S$652.65m

10.0x

P/E Ratio

0.7x

P/S Ratio

Is P34 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
P34 income statement (TTM)
Revenue	US$502.66m
Cost of Revenue	US$364.84m
Gross Profit	US$137.82m
Other Expenses	US$103.87m
Earnings	US$33.95m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.056
Gross Margin	27.42%
Net Profit Margin	6.75%
Debt/Equity Ratio	9.4%

How did P34 perform over the long term?

See historical performance and comparison

Dividends

5.8%

Current Dividend Yield

58%

Payout Ratio

Does P34 pay a reliable dividends?

See P34 dividend history and benchmarks

When do you need to buy P34 by to receive an upcoming dividend?
Delfi dividend dates
Ex Dividend Date	May 07 2025
Dividend Pay Date	May 16 2025
Days until Ex dividend	10 days
Days until Dividend pay date	1 day

Does P34 pay a reliable dividends?

See P34 dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/16 00:49
End of Day Share Price	2025/05/16 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Delfi Limited is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Mak	CGS International
Patrick Yau	Citigroup Inc
Andy Sim	DBS Bank Ltd

P34 Stock Overview

Rewards

Risk Analysis

Delfi Limited Competitors

SGX:Q01

S$486.1m

SGX:5JS

S$453.7m

SGX:Y03

S$340.3m

SGX:MV4

S$375.2m

Price History & Performance

Recent News & Updates

Upcoming dividend of S$0.016 per share

Full year 2024 earnings: EPS misses analyst expectations

Delfi's (SGX:P34) Returns Have Hit A Wall

Now 25% undervalued after recent price drop

Now 20% undervalued after recent price drop

Delfi (SGX:P34) Will Pay A Smaller Dividend Than Last Year

Recent updates

Upcoming dividend of S$0.016 per share

Full year 2024 earnings: EPS misses analyst expectations

Delfi's (SGX:P34) Returns Have Hit A Wall

Now 25% undervalued after recent price drop

Now 20% undervalued after recent price drop

Delfi (SGX:P34) Will Pay A Smaller Dividend Than Last Year

Delfi Limited, Annual General Meeting, Apr 29, 2025

Delfi Limited Appoints Chin Koon Yew as Independent Director, Chairman of the Risk Management Committee and Member of the Audit Committee and the Nominating Committee

First half 2024 earnings released: EPS: US$0.032 (vs US$0.041 in 1H 2023)

Delfi's (SGX:P34) Dividend Will Be Reduced To $0.0272

First half dividend of S$0.027 announced

Delfi Limited to Report First Half, 2024 Results on Aug 13, 2024

Delfi Limited to Report Q1, 2024 Results on May 28, 2024

Upcoming dividend of S$0.03 per share

Delfi's (SGX:P34) Dividend Will Be $0.0302

Full year 2023 earnings: EPS and revenues miss analyst expectations

Delfi (SGX:P34) Will Pay A Dividend Of $0.0302

Delfi Limited Announces Retirement of Davinder Singh S/O Amar Singh as A Non-Executive Non-Independent Director

Delfi Limited Just Missed EPS By 9.9%: Here's What Analysts Think Will Happen Next

Delfi Limited Proposes Final Dividend for the Financial Year Ended 31 December 2023, Payable on 15 May 2024

Delfi Limited, Annual General Meeting, Apr 23, 2024

Full year 2023 earnings released: EPS: US$0.076 (vs US$0.072 in FY 2022)

Delfi Limited to Report Fiscal Year 2023 Results on Feb 27, 2024

Now 22% undervalued after recent price drop

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