SGX:AWI

Stock Analysis Report

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Executive Summary

Thakral Corporation Ltd, an investment holding company, markets and distributes beauty, wellness, and lifestyle products. More Details


Snowflake Analysis

Good value with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: AWI is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: AWI's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-2.4%

AWI

6.2%

SG Retail Distributors

1.9%

SG Market


1 Year Return

-7.8%

AWI

-4.8%

SG Retail Distributors

5.8%

SG Market

Return vs Industry: AWI exceeded the SG Retail Distributors industry which returned -15.1% over the past year.

Return vs Market: AWI underperformed the SG Market which returned -1.6% over the past year.


Shareholder returns

AWIIndustryMarket
7 Day-2.4%6.2%1.9%
30 Day-8.8%4.7%3.5%
90 Day2.5%13.6%7.8%
1 Year-5.6%-7.8%-0.2%-4.8%11.4%5.8%
3 Year5.3%-13.5%-28.7%-36.7%-6.8%-18.3%
5 Year153.1%72.9%-31.9%-42.4%18.4%-3.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

12.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AWI (SGD0.42) is trading below our estimate of fair value (SGD0.47)

Significantly Below Fair Value: AWI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: AWI is good value based on its PE Ratio (8.3x) compared to the SG Retail Distributors industry average (8.7x).

PE vs Market: AWI is good value based on its PE Ratio (8.3x) compared to the SG market (15.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AWI is good value based on its PB Ratio (0.4x) compared to the SG Retail Distributors industry average (0.5x).


Next Steps

Future Growth

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

14.2%

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 Thakral 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 Thakral performed over the past 5 years?

2.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AWI has high quality earnings.

Growing Profit Margin: AWI's current net profit margins (7.3%) are lower than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: AWI's earnings have grown by 2.7% per year over the past 5 years.

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

Earnings vs Industry: AWI had negative earnings growth (-28%) over the past year, making it difficult to compare to the Retail Distributors industry average (-33.3%).


Return on Equity

High ROE: AWI's Return on Equity (7.3%) is considered low.


Next Steps

Financial Health

How is Thakral's financial position?


Financial Position Analysis

Short Term Liabilities: AWI's short term assets (SGD62.2M) exceed its short term liabilities (SGD57.5M).

Long Term Liabilities: AWI's short term assets (SGD62.2M) exceed its long term liabilities (SGD30.8M).


Debt to Equity History and Analysis

Debt Level: AWI's debt to equity ratio (23.5%) is considered satisfactory.

Reducing Debt: AWI's debt to equity ratio has reduced from 78.9% to 23.5% over the past 5 years.

Debt Coverage: AWI's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: AWI's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


Next Steps

Dividend

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

7.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AWI's dividend (7.23%) is higher than the bottom 25% of dividend payers in the SG market (1.88%).

High Dividend: AWI's dividend (7.23%) is in the top 25% of dividend payers in the SG market (4.82%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60.1%), AWI's dividend payments are 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?

5.3yrs

Average management tenure


CEO

Bethal Thakral (60 yo)

5.17yrs

Tenure

S$803,000

Compensation

Mr. Inderbethal Singh Thakral, also known as Bethal, has been Group Chief Executive Officer of Thakral Corporation Limited since February 02, 2016. Mr. Thakral served as Managing Director of Lifestyle Busi...


CEO Compensation Analysis

Compensation vs Market: Bethal's total compensation ($USD0.00) is below average for companies of similar size in the SG market ($USD385.97K).

Compensation vs Earnings: Bethal's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kartar Thakral
Executive Director27.42yrsS$315.40kno data
Indergopal Thakral
Managing Director of Thakral China Ltd.no dataS$1.04mno data
Inderbethal Thakral
Group CEO & Executive Director5.17yrsS$803.00kno data
Anil Moolchand Daryanani
Chief Financial Officer7.58yrsno datano data
Torsten Stocker
Chief Operating Officer of Lifestyle Division5.17yrsno datano data
Kanwaljeet Dhillon
Managing Director of Thakral Corporation (HK) Limitedno datano data1.63%
SGD 872.3k
Vivian But
Financial Controllerno datano datano data
Lai Yin Chan
Company Secretary5.33yrsno datano data
Wan Chan
Company Secretary7.33yrsno datano data
Kevin Barry
Joint Managing Director of Thakral Capital Australia Pty Ltdno datano datano data
Greggory Piercy
Joint Managing Director of Thakral Capital Australia Pty Ltdno datano datano data
Keng Lau
Assistant Financial Controllerno datano datano data

5.3yrs

Average Tenure

61yo

Average Age

Experienced Management: AWI's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kartar Thakral
Executive Director27.42yrsS$315.40kno data
Inderbethal Thakral
Group CEO & Executive Director5.17yrsS$803.00kno data
Ying Cheun Lee
Independent Non-Executive Director25.33yrsS$131.00kno data
Natarajan Subramaniam
Independent Non-Executive Chairman & Lead Independent Director9.17yrsS$345.40kno data
Bikramjit Singh Thakral
Non-Independent & Non-Executive Director1.17yrsno datano data
Dileep Nair
Independent Non-Executive Director6.17yrsS$127.00kno data

17.3yrs

Average Tenure

73.5yo

Average Age

Experienced Board: AWI's board of directors are seasoned and experienced ( 17.3 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

Thakral Corporation Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Thakral Corporation Ltd
  • Ticker: AWI
  • Exchange: SGX
  • Founded: 1993
  • Industry: Distributors
  • Sector: Retail
  • Market Cap: S$53.653m
  • Shares outstanding: 130.86m
  • Website: https://www.thakralcorp.com

Location

  • Thakral Corporation Ltd
  • No 03-06 The Riverwalk
  • 20 Upper Circular Road
  • Singapore
  • 58416
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AWISGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 1996
THKDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1996

Biography

Thakral Corporation Ltd, an investment holding company, markets and distributes beauty, wellness, and lifestyle products. It operates through two divisions, Lifestyle Division and Investment Division. The ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/08 11:04
End of Day Share Price2021/03/08 00:00
Earnings2020/12/31
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.