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Q01

QAFSGX:Q01 Stock Report

Market Cap

S$506.2m

7D

0.6%

1Y

-1.1%

Updated

24 Oct, 2021

Data

Company Financials
Q01 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends2/6

Q01 Overview

QAF Limited, an investment holding company, manufactures and distributes bread, bakery, and confectionery products in Australia, the Philippines, Singapore, Malaysia, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for QAF
Historical stock prices
Current Share PriceS$0.88
52 Week HighS$0.86
52 Week LowS$1.04
Beta0.60
1 Month Change1.15%
3 Month Change-11.56%
1 Year Change-1.12%
3 Year Change19.73%
5 Year Change-29.60%
Change since IPO47.90%

Recent News & Updates

Aug 20
QAF (SGX:Q01) Has Re-Affirmed Its Dividend Of S$0.01

QAF (SGX:Q01) Has Re-Affirmed Its Dividend Of S$0.01

The board of QAF Limited ( SGX:Q01 ) has announced that it will pay a dividend of S$0.01 per share on the 27th of...

Shareholder Returns

Q01SG FoodSG Market
7D0.6%0.4%0.8%
1Y-1.1%15.8%22.7%

Return vs Industry: Q01 underperformed the SG Food industry which returned 15.8% over the past year.

Return vs Market: Q01 underperformed the SG Market which returned 22.7% over the past year.

Price Volatility

Is Q01's price volatile compared to industry and market?
Q01 volatility
Q01 Beta0.60
Industry Beta0.72
Market Beta1

Stable Share Price: Q01 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: Q01's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
195810,000Lin Kejianhttps://www.qaf.com.sg

QAF Limited, an investment holding company, manufactures and distributes bread, bakery, and confectionery products in Australia, the Philippines, Singapore, Malaysia, and internationally. It operates through four segments: Bakery, Distribution and Warehousing, Investments and Others, and Primary Production. The company is also involved in the production, processing, and marketing of meat; feedmilling and sale of animal feeds and related ingredients; trading and distribution of food and beverage products; operation of cold storage warehouse; and provision for warehousing logistics services of food items.

QAF Fundamentals Summary

How do QAF's earnings and revenue compare to its market cap?
Q01 fundamental statistics
Market CapS$506.24m
Earnings (TTM)S$28.31m
Revenue (TTM)S$546.13m

17.9x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
Q01 income statement (TTM)
RevenueS$546.13m
Cost of RevenueS$309.84m
Gross ProfitS$236.29m
ExpensesS$207.99m
EarningsS$28.31m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.049
Gross Margin43.27%
Net Profit Margin5.18%
Debt/Equity Ratio7.5%

How did Q01 perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

102%

Payout Ratio

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: Q01 (SGD0.88) is trading below our estimate of fair value (SGD3.57)

Significantly Below Fair Value: Q01 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: Q01 is poor value based on its PE Ratio (17.9x) compared to the SG Food industry average (11x).

PE vs Market: Q01 is poor value based on its PE Ratio (17.9x) compared to the SG market (13.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate Q01's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: Q01's PB Ratio (1x) is in line with the SG Food industry average.


Future Growth

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

4.4%

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 QAF 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.


Past Performance

How has QAF performed over the past 5 years?

-35.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: Q01 has high quality earnings.

Growing Profit Margin: Q01's current net profit margins (5.2%) are lower than last year (10.5%).


Past Earnings Growth Analysis

Earnings Trend: Q01's earnings have declined by 35.4% per year over the past 5 years.

Accelerating Growth: Q01's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: Q01 had negative earnings growth (-25.1%) over the past year, making it difficult to compare to the Food industry average (11.2%).


Return on Equity

High ROE: Q01's Return on Equity (5.5%) is considered low.


Financial Health

How is QAF's financial position?


Financial Position Analysis

Short Term Liabilities: Q01's short term assets (SGD497.3M) exceed its short term liabilities (SGD248.7M).

Long Term Liabilities: Q01's short term assets (SGD497.3M) exceed its long term liabilities (SGD69.0M).


Debt to Equity History and Analysis

Debt Level: Q01's debt to equity ratio (7.5%) is considered satisfactory.

Reducing Debt: Q01's debt to equity ratio has reduced from 18.1% to 7.5% over the past 5 years.

Debt Coverage: Q01's debt is well covered by operating cash flow (246.8%).

Interest Coverage: Q01's interest payments on its debt are well covered by EBIT (16.3x coverage).


Balance Sheet


Dividend

What is QAF current dividend yield, its reliability and sustainability?

5.68%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: Q01's dividend (5.68%) is higher than the bottom 25% of dividend payers in the SG market (1.94%).

High Dividend: Q01's dividend (5.68%) is in the top 25% of dividend payers in the SG market (5.21%)


Stability and Growth of Payments

Stable Dividend: Q01's dividend payments have been volatile in the past 10 years.

Growing Dividend: Q01's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (101.6%), Q01's dividend payments are not 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?

6.3yrs

Average management tenure


CEO

Lin Kejian (42 yo)

4.75yrs

Tenure

Mr. Lin Kejian (Previously known as Daniel Halim) has been Joint Group Managing Director of QAF Limited since January 1, 2017. Mr. Kejian served as Deputy Group Managing Director of QAF Limited from Septem...


Leadership Team

Experienced Management: Q01's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: Q01's board of directors are considered experienced (4.8 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.


Ownership Breakdown

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


Top Shareholders

Company Information

QAF Limited's employee growth, exchange listings and data sources


Key Information

  • Name: QAF Limited
  • Ticker: Q01
  • Exchange: SGX
  • Founded: 1958
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: S$506.236m
  • Shares outstanding: 575.27m
  • Website: https://www.qaf.com.sg

Number of Employees


Location

  • QAF Limited
  • No. 09-03 Fook Hai Building
  • 150 South Bridge Road
  • Singapore
  • 58727
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 11:03
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.