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.


Snowflake Analysis

Excellent balance sheet with acceptable track record.

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.4%

AWI

-2.3%

SG Retail Distributors

0.3%

SG Market


1 Year Return

-11.8%

AWI

-44.0%

SG Retail Distributors

-21.6%

SG Market

Return vs Industry: AWI exceeded the SG Retail Distributors industry which returned -44.6% over the past year.

Return vs Market: AWI exceeded the SG Market which returned -21.6% over the past year.


Shareholder returns

AWIIndustryMarket
7 Day-2.4%-2.3%0.3%
30 Day-2.4%-8.9%-4.3%
90 Day-1.2%0.5%4.5%
1 Year-4.0%-11.8%-41.2%-44.0%-17.3%-21.6%
3 Year63.2%24.2%-46.5%-52.5%-12.3%-22.9%
5 Year62.9%13.9%-23.4%-35.4%-6.8%-23.8%

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?

5.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AWI's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AWI's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AWI is good value based on its PE Ratio (5.9x) compared to the SG Retail Distributors industry average (6.2x).

PE vs Market: AWI is good value based on its PE Ratio (5.9x) compared to the SG market (12.4x).


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's PB Ratio (0.4x) is in line with the SG Retail Distributors industry average.


Next Steps

Future Growth

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

2.9%

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?

26.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AWI has high quality earnings.

Growing Profit Margin: AWI's current net profit margins (8.4%) are higher than last year (5.9%).


Past Earnings Growth Analysis

Earnings Trend: AWI has become profitable over the past 5 years, growing earnings by 26.7% per year.

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 (-2.4%) over the past year, making it difficult to compare to the Retail Distributors industry average (-2.4%).


Return on Equity

High ROE: AWI's Return on Equity (10.1%) is considered low.


Next Steps

Financial Health

How is Thakral's financial position?


Financial Position Analysis

Short Term Liabilities: AWI's short term assets (SGD70.2M) exceed its short term liabilities (SGD54.0M).

Long Term Liabilities: AWI's short term assets (SGD70.2M) exceed its long term liabilities (SGD26.5M).


Debt to Equity History and Analysis

Debt Level: AWI's debt to equity ratio (22.3%) is considered satisfactory.

Reducing Debt: AWI's debt to equity ratio has reduced from 95% to 22.3% 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 well covered by EBIT (4.6x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AWI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AWI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AWI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AWI's dividend payments have been increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AWI'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?

4.7yrs

Average management tenure


CEO

Bethal Thakral (60yo)

4.5yrs

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 ($USD0.00) is below average for companies of similar size in the SG market ($USD361.65K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Kartar Thakral
Executive Director26.75yrsS$315.40kno data
Indergopal Thakral
Managing Director of Thakral China Ltd.no dataS$1.04mno data
Inderbethal Thakral
Group CEO & Executive Director4.5yrsS$803.00kno data
Anil Moolchand Daryanani
Chief Financial Officer6.92yrsno datano data
Torsten Stocker
Chief Operating Officer of Lifestyle Division4.5yrsno datano data
Kanwaljeet Dhillon
Managing Director of Thakral Corporation (HK) Limitedno datano data1.63% SGD872.3k
Vivian But
Financial Controllerno datano datano data
Lai Yin Chan
Company Secretary4.67yrsno datano data
Wan Chan
Company Secretary6.67yrsno datano data
Kevin Barry
Joint Managing Director of Thakral Capital Australia Pty Ltdno datano datano data

4.7yrs

Average Tenure

60yo

Average Age

Experienced Management: AWI's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kartar Thakral
Executive Director26.75yrsS$315.40kno data
Inderbethal Thakral
Group CEO & Executive Director4.5yrsS$803.00kno data
Ying Cheun Lee
Independent Non-Executive Director24.67yrsS$131.00kno data
Natarajan Subramaniam
Independent Non-Executive Chairman & Lead Independent Director8.5yrsS$345.40kno data
Bikramjit Singh Thakral
Non-Independent & Non-Executive Director0.50yrno datano data
Dileep Nair
Independent Non-Executive Director5.5yrsS$127.00kno data

16.6yrs

Average Tenure

73.5yo

Average Age

Experienced Board: AWI's board of directors are seasoned and experienced ( 16.6 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
THK1DB (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’s Lifestyle division distributes beauty, wellness, and lifestyle products in Hong Kong, India, Indonesia, the Philippines, Singapore, and Thailand. It distributes products of at-home beauty and wellness device brands comprising Panasonic, DermaWand, Philips, T3, and Slendertone; skin and hair care products under the John Masters Organics brand; fragrance under the Maison Margiela, Ralph Lauren, Diesel, and Cacharel brands; and lifestyle brands, such as DJI. The company’s Investments division is involved in real estate and property investments in Australia, Japan, and Singapore. It invests in real estate and other investment opportunities, which include property-backed financial instruments. This division also engages in the origination, packaging, and managing investment projects; and development and management of retirement living resorts under the GemLife brand. It is also involved in the property development activities. The company was incorporated in 1993 and is based in Singapore. Thakral Corporation Ltd is a subsidiary of Prime Trade Enterprises Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/10 12:48
End of Day Share Price2020/07/08 00:00
Earnings2019/12/31
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.