SGX:UD2

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Executive Summary

Japfa Ltd., an agri-food company, produces and sells dairy products, protein staples, and packaged food products in Singapore, Indonesia, Vietnam, China, India, and Myanmar. More Details


Snowflake Analysis

Solid track record with excellent balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: UD2 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: UD2's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-1.1%

UD2

5.8%

SG Food

5.0%

SG Market


1 Year Return

54.2%

UD2

33.6%

SG Food

23.7%

SG Market

Return vs Industry: UD2 exceeded the SG Food industry which returned 33.6% over the past year.

Return vs Market: UD2 exceeded the SG Market which returned 23.7% over the past year.


Shareholder returns

UD2IndustryMarket
7 Day-1.1%5.8%5.0%
30 Day-2.1%23.7%20.5%
90 Day39.1%29.0%27.0%
1 Year56.4%54.2%38.0%33.6%28.4%23.7%
3 Year82.1%69.7%85.9%69.5%57.9%42.3%
5 Year116.0%96.8%125.2%96.3%100.9%72.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Japfa 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: UD2 (SGD0.93) is trading below our estimate of fair value (SGD3.18)

Significantly Below Fair Value: UD2 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: UD2 is good value based on its PE Ratio (6.1x) compared to the SG Food industry average (11.7x).

PE vs Market: UD2 is good value based on its PE Ratio (6.1x) compared to the SG market (15.7x).


Price to Earnings Growth Ratio

PEG Ratio: UD2's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: UD2 is overvalued based on its PB Ratio (1.2x) compared to the SG Food industry average (0.9x).


Next Steps

Future Growth

How is Japfa forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-5.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UD2's earnings are forecast to decline over the next 3 years (-5.2% per year).

Earnings vs Market: UD2's earnings are forecast to decline over the next 3 years (-5.2% per year).

High Growth Earnings: UD2's earnings are forecast to decline over the next 3 years.

Revenue vs Market: UD2's revenue (6.6% per year) is forecast to grow faster than the SG market (6.6% per year).

High Growth Revenue: UD2's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: UD2's Return on Equity is forecast to be low in 3 years time (12.9%).


Next Steps

Past Performance

How has Japfa performed over the past 5 years?

19.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UD2 has high quality earnings.

Growing Profit Margin: UD2's current net profit margins (6%) are higher than last year (1.7%).


Past Earnings Growth Analysis

Earnings Trend: UD2's earnings have grown by 19.3% per year over the past 5 years.

Accelerating Growth: UD2's earnings growth over the past year (261.4%) exceeds its 5-year average (19.3% per year).

Earnings vs Industry: UD2 earnings growth over the past year (261.4%) exceeded the Food industry 23%.


Return on Equity

High ROE: UD2's Return on Equity (16.1%) is considered low.


Next Steps

Financial Health

How is Japfa's financial position?


Financial Position Analysis

Short Term Liabilities: UD2's short term assets ($1.5B) exceed its short term liabilities ($1.0B).

Long Term Liabilities: UD2's short term assets ($1.5B) exceed its long term liabilities ($819.1M).


Debt to Equity History and Analysis

Debt Level: UD2's debt to equity ratio (71.5%) is considered high.

Reducing Debt: UD2's debt to equity ratio has reduced from 94.6% to 71.5% over the past 5 years.

Debt Coverage: UD2's debt is well covered by operating cash flow (38.8%).

Interest Coverage: UD2's interest payments on its debt are well covered by EBIT (3.8x coverage).


Balance Sheet


Next Steps

Dividend

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

1.03%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: UD2's dividend (1.03%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (2.13%).

High Dividend: UD2's dividend (1.03%) is low compared to the top 25% of dividend payers in the SG market (4.94%).


Stability and Growth of Payments

Stable Dividend: UD2 is not paying a notable dividend for the SG market, therefore no need to check if payments are stable.

Growing Dividend: UD2 is not paying a notable dividend for the SG market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: UD2 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of UD2's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Yong Nang Tan (59 yo)

7yrs

Tenure

US$5,152,455

Compensation

Mr. Yong Nang Tan has been the Chief Executive Officer of Japfa Ltd. and has been its Executive Director since June 2009. Mr. Tan has held posts as the Chief Executive Officer, Managing Director and Projec...


CEO Compensation Analysis

Compensation vs Market: Yong Nang's total compensation ($USD5.15M) is above average for companies of similar size in the SG market ($USD1.06M).

Compensation vs Earnings: Insufficient data to compare Yong Nang's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Handojo Santosa
Executive Chairman of the Board1.75yrsUS$11.84m52.42%
$ 987.6m
Yong Nang Tan
CEO & Executive Director7yrsUS$5.15m4.17%
$ 78.6m
Kevin John Monteiro
CFO & Executive Director6.75yrsUS$724.17k0.17%
$ 3.1m
Hendrick Kolonas
Executive Director7.92yrsUS$1.02mno data
Sook Ping Chua
Head of Legal & Compliance and Joint Company Secretaryno datano datano data
Bambang Hendarto
Chief Operating Officer of Operation 1 - Poultry Indonesiano datano datano data
Edgar Collins
Head of Dairyno datano datano data
Chi Kee Chin
Head of Consumer Foodno datano datano data
Renaldo Santosa
Head of Business Development & Strategy3.83yrsno data0.080%
$ 1.5m
Sai Hong Cheng
Joint Company Secretaryno datano datano data
Antonius Harwanto
Deputy Chief Operating Officer of Operational 13yrsno datano data
Arif Widjaja
Co-Country Head of Japfa Comfeed Vietnam Limited Companyno datano datano data

3.8yrs

Average Tenure

59yo

Average Age

Experienced Management: UD2's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Handojo Santosa
Executive Chairman of the Board1.75yrsUS$11.84m52.42%
$ 987.6m
Yong Nang Tan
CEO & Executive Director7yrsUS$5.15m4.17%
$ 78.6m
Kevin John Monteiro
CFO & Executive Director6.75yrsUS$724.17k0.17%
$ 3.1m
Hendrick Kolonas
Executive Director7.92yrsUS$1.02mno data
Manu Bhaskaran
Independent Director1.75yrsUS$63.94kno data
Siaou-Sze Lien
Independent Director6.5yrsUS$99.63k0.034%
$ 639.3k
Quek Peng Ng
Lead Independent Director1.75yrsUS$107.81k0.027%
$ 511.5k
Tan Kian Chew
Independent Director1.75yrsUS$63.94k0.0016%
$ 30.7k
Wee Boon Chia
Independent Directorno datano datano data

4.1yrs

Average Tenure

64yo

Average Age

Experienced Board: UD2's board of directors are considered experienced (4.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: UD2 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.7%.


Top Shareholders

Company Information

Japfa Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Japfa Ltd.
  • Ticker: UD2
  • Exchange: SGX
  • Founded: 2008
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: S$1.884b
  • Shares outstanding: 2.03b
  • Website: https://www.japfa.com

Number of Employees


Location

  • Japfa Ltd.
  • Tower B
  • No. 18-08, Ngee Ann City
  • Singapore
  • 238874
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UD2SGX (Singapore Exchange)YesOrdinay SharesSGSGDAug 2014
1O4DB (Deutsche Boerse AG)YesOrdinay SharesDEEURAug 2014

Biography

Japfa Ltd., an agri-food company, produces and sells dairy products, protein staples, and packaged food products in Singapore, Indonesia, Vietnam, China, India, and Myanmar. The company operates through si...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 11:14
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
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.