SGX:5SO

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Duty Free International

Executive Summary

Duty Free International Limited, an investment holding company, trades in duty free merchandise under the Zon brand in Malaysia.


Snowflake Analysis

Excellent balance sheet and slightly overvalued.

Share Price & News

How has Duty Free International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 5SO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

5SO

2.9%

SG Specialty Retail

0.5%

SG Market


1 Year Return

-45.1%

5SO

-11.0%

SG Specialty Retail

-19.5%

SG Market

Return vs Industry: 5SO underperformed the SG Specialty Retail industry which returned -11% over the past year.

Return vs Market: 5SO underperformed the SG Market which returned -19.5% over the past year.


Shareholder returns

5SOIndustryMarket
7 Day0%2.9%0.5%
30 Day-11.8%0.1%-3.0%
90 Day-13.5%3.6%-0.2%
1 Year-23.9%-45.1%-6.6%-11.0%-15.3%-19.5%
3 Year-50.3%-69.0%-13.5%-22.4%-14.8%-24.9%
5 Year-50.6%-71.9%-32.2%-40.7%-3.3%-20.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Duty Free International 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: 5SO (SGD0.09) is trading below our estimate of fair value (SGD0.29)

Significantly Below Fair Value: 5SO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 5SO is unprofitable, so we can't compare its PE Ratio to the SG Specialty Retail industry average.

PE vs Market: 5SO is unprofitable, so we can't compare its PE Ratio to the SG market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 5SO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 5SO's PB Ratio (0.8x) is in line with the SG Specialty Retail industry average.


Next Steps

Future Growth

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

25.6%

Forecasted Retail 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 Duty Free International 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.


Next Steps

Past Performance

How has Duty Free International performed over the past 5 years?

-21.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 5SO is currently unprofitable.

Growing Profit Margin: 5SO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 5SO is unprofitable, and losses have increased over the past 5 years at a rate of 21.1% per year.

Accelerating Growth: Unable to compare 5SO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 5SO is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (8%).


Return on Equity

High ROE: 5SO has a negative Return on Equity (-0.92%), as it is currently unprofitable.


Next Steps

Financial Health

How is Duty Free International's financial position?


Financial Position Analysis

Short Term Liabilities: 5SO's short term assets (MYR420.7M) exceed its short term liabilities (MYR117.5M).

Long Term Liabilities: 5SO's short term assets (MYR420.7M) exceed its long term liabilities (MYR92.3M).


Debt to Equity History and Analysis

Debt Level: 5SO's debt to equity ratio (5.7%) is considered satisfactory.

Reducing Debt: 5SO's debt to equity ratio has reduced from 15.3% to 5.7% over the past 5 years.

Debt Coverage: 5SO's debt is well covered by operating cash flow (279.8%).

Interest Coverage: 5SO is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Duty Free International current dividend yield, its reliability and sustainability?

44.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 5SO's dividend (44.3%) is higher than the bottom 25% of dividend payers in the SG market (2.67%).

High Dividend: 5SO's dividend (44.3%) is in the top 25% of dividend payers in the SG market (5.97%)


Stability and Growth of Payments

Stable Dividend: 5SO has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 5SO's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: 5SO is paying a dividend but the company is unprofitable.


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?

8.6yrs

Average management tenure


CEO

Bok Ong (61 yo)

7.17yrs

Tenure

Mr. Bok Siong Ong has been the Managing Director of Duty Free International Limited since joining on June 27, 2013 and serves as its Chief Executive Officer. Mr. Ong is tasked with executing strategic busi ...


Leadership Team

NamePositionTenureCompensationOwnership
Bok Ong
CEO, MD & Director7.17yrsno datano data
Sze Lee
Executive Director of Finance & Corporate Services and Executive Director10yrsno datano data
Im Cheah
Financial Controller14.58yrsno datano data
Sook Fun Thum
Company Secretary1.33yrsno datano data

8.6yrs

Average Tenure

Experienced Management: 5SO's management team is seasoned and experienced (8.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bok Ong
CEO, MD & Director7.17yrsno datano data
Sze Lee
Executive Director of Finance & Corporate Services and Executive Director10yrsno datano data
Adam Bin Abdullah
Non-Executive Chairmanno datano datano data
Megat bin Megat Mahmud
Independent Non-Executive Director7.08yrsno datano data
Soo Lin Chew
Independent Director9yrsno data0.23%
MYR 252.2k
Panglima Mohamed Bin Mohamed
Lead Independent Director6.25yrsno datano data

7.2yrs

Average Tenure

63.5yo

Average Age

Experienced Board: 5SO's board of directors are considered experienced (7.2 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Duty Free International Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Duty Free International Limited
  • Ticker: 5SO
  • Exchange: SGX
  • Founded: 1978
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: S$107.838m
  • Shares outstanding: 1.20b
  • Website: https://www.dfi.com.sg

Location

  • Duty Free International Limited
  • 138 Cecil Street
  • No. 12-01A Cecil Court
  • Singapore
  • 69538
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
5SOSGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 2011

Biography

Duty Free International Limited, an investment holding company, trades in duty free merchandise under the Zon brand in Malaysia. The company wholesales, distributes, and retails duty free and non-dutiable ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 12:48
End of Day Share Price2020/08/07 00:00
Earnings2020/05/31
Annual Earnings2020/02/29


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.