DELFI LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.875 SGD | +0.57% |
|
+0.57% | -21.88% |
| Jun. 05 | CGS International Adjusts Delfi’s Price Target to SG$1.10 From SG$1.47, Keeps at Add | MT |
| May. 30 | City Developments Unit Reportedly Wins Bid for Remaining Singapore Delfi Orchard Units | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 454.1 | 323.9 | 346.6 | 353.5 | 518.9 | 394.2 | - | - |
| Enterprise Value (EV) 1 | 454.9 | 307.1 | 270.4 | 295.4 | 518.9 | 328.2 | 319.2 | 394.2 |
| P/E ratio | 16.1 x | 18.5 x | 11.8 x | 8.06 x | 11.2 x | 8.78 x | 8.57 x | 7.68 x |
| Yield | 3.16% | 4.43% | 4.14% | 6.19% | 2.05% | 6.1% | 6.25% | 6.36% |
| Capitalization / Revenue | 0.96 x | 0.84 x | 0.86 x | 0.73 x | 0.96 x | 0.71 x | 0.66 x | 0.61 x |
| EV / Revenue | 0.96 x | 0.8 x | 0.67 x | 0.61 x | 0.96 x | 0.59 x | 0.54 x | 0.61 x |
| EV / EBITDA | 7.59 x | 7 x | 4.65 x | 3.99 x | 6.97 x | 4.31 x | 3.99 x | 4.49 x |
| EV / FCF | - | - | 3.65 x | 74.4 x | 1,612 x | 2.43 x | 2.8 x | 3.29 x |
| FCF Yield | - | - | 27.4% | 1.34% | 0.06% | 41.2% | 35.7% | 30.4% |
| Price to Book | 2 x | 1.44 x | 1.45 x | 1.44 x | 1.95 x | 1.38 x | 1.28 x | 1.15 x |
| Nbr of stocks (in thousands) | 611,157 | 611,157 | 611,157 | 611,157 | 611,157 | 611,157 | - | - |
| Reference price 2 | 0.7431 | 0.5300 | 0.5671 | 0.5784 | 0.8491 | 0.6451 | 0.6451 | 0.6451 |
| Announcement Date | 2/25/20 | 2/24/21 | 2/22/22 | 2/27/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 471.6 | 385.1 | 405.1 | 483 | 538.2 | 558.2 | 592.9 | 651.5 |
| EBITDA 1 | 59.9 | 43.89 | 58.13 | 73.97 | 74.46 | 76.15 | 80 | 87.73 |
| EBIT 1 | 46.48 | 30.12 | 44.54 | 62.18 | 63.48 | 63.72 | 66.5 | 72.47 |
| Operating Margin | 9.85% | 7.82% | 10.99% | 12.87% | 11.8% | 11.42% | 11.22% | 11.12% |
| Earnings before Tax (EBT) 1 | 43.58 | 27.65 | 44.06 | 63.04 | 65.39 | 64.5 | 67.25 | 73.03 |
| Net income 1 | 28.22 | 17.48 | 29.28 | 43.9 | 46.26 | 44.6 | 46.46 | 50.9 |
| Net margin | 5.98% | 4.54% | 7.23% | 9.09% | 8.6% | 7.99% | 7.84% | 7.81% |
| EPS 2 | 0.0462 | 0.0286 | 0.0479 | 0.0718 | 0.0757 | 0.0735 | 0.0752 | 0.0840 |
| Free Cash Flow 1 | - | - | 74.04 | 3.968 | 0.322 | 135.4 | 113.9 | 119.8 |
| FCF margin | - | - | 18.28% | 0.82% | 0.06% | 24.25% | 19.2% | 18.39% |
| FCF Conversion (EBITDA) | - | - | 127.37% | 5.36% | 0.43% | 177.74% | 142.32% | 136.56% |
| FCF Conversion (Net income) | - | - | 252.91% | 9.04% | 0.7% | 303.44% | 245.07% | 235.38% |
| Dividend per Share 2 | 0.0235 | 0.0235 | 0.0235 | 0.0358 | 0.0174 | 0.0393 | 0.0403 | 0.0410 |
| Announcement Date | 2/25/20 | 2/24/21 | 2/22/22 | 2/27/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q3 | 2023 S1 |
|---|---|---|---|
| Net sales 1 | - | 87 | 286.2 |
| EBITDA 1 | - | 6.4 | - |
| EBIT | - | - | - |
| Operating Margin | - | - | - |
| Earnings before Tax (EBT) | - | - | - |
| Net income | 12.3 | - | 25.2 |
| Net margin | - | - | 8.81% |
| EPS | 0.0201 | - | - |
| Dividend per Share | - | - | - |
| Announcement Date | 8/11/21 | 11/16/21 | 8/7/23 |
1USD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 0.76 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 16.8 | 76.2 | 58.1 | - | 66 | 75 | - |
| Leverage (Debt/EBITDA) | 0.0126 x | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 74 | 3.97 | 0.32 | 135 | 114 | 120 |
| ROE (net income / shareholders' equity) | 13% | 7.7% | 12.6% | 18.1% | 18.1% | 16.1% | 15.5% | 15.7% |
| ROA (Net income/ Total Assets) | 7.39% | 4.45% | 7.84% | 11.6% | 11.3% | 10.3% | 10% | 10.5% |
| Assets 1 | 381.7 | 392.4 | 373.2 | 379.5 | 408 | 433.1 | 463.1 | 484.8 |
| Book Value Per Share 2 | 0.3700 | 0.3700 | 0.3900 | 0.4000 | 0.4400 | 0.4700 | 0.5000 | 0.5600 |
| Cash Flow per Share 2 | 0.0500 | 0.0700 | 0.1300 | - | - | 0.1100 | 0.0900 | - |
| Capex 1 | 10.2 | 4.48 | 3.18 | 3.78 | 23.6 | 18.3 | 16.7 | 17.8 |
| Capex / Sales | 2.16% | 1.16% | 0.78% | 0.78% | 4.38% | 3.29% | 2.82% | 2.73% |
| Announcement Date | 2/25/20 | 2/24/21 | 2/22/22 | 2/27/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
0.6451
USD
Average target price
0.8265
USD
Spread / Average Target
+28.13%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -21.88% | 394M | |
| +8.60% | 9.43B | |
| -9.86% | 2.11B | |
| -0.64% | 1.45B | |
| -4.72% | 1.14B | |
| +117.49% | 995M | |
| +9.83% | 551M | |
| -6.93% | 228M | |
| -2.70% | 222M | |
| +17.24% | 197M |
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- Financials Delfi Limited
