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Japfa Ltd. (UD2.SI)
Key financial summary
Financials in USD| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 3,890 | 3,868 | 4,636 | 4,364 | 4,429 | 4,619 | 4,551 |
| Operating profit | $m | 410 | 310 | |||||
| Net profit | $m | 120 | 322 | 119 | 8 | -31 | 114 | 79 |
| EPS reported | $ | 0.06 | 0.05 | |||||
| Operating cashflow per share | $ | 0.24 | 0.24 | |||||
| Capex per share | $ | 0.07 | 0.07 | |||||
| FCF per share | $ | 0.17 | 0.17 | |||||
| Free cash flow | $m | 339 | 138 | |||||
| Net debt | $m | 827 | 959 | |||||
| Book value equity | $m | 802 | 874 | |||||
| Book value per share | $ | 0.39 | 0.43 | |||||
| Number of shares | m | 2,037.03 | 2,037.03 | |||||
| DPS (TTM paid) | $ | 0.02 | 0.00 |
Financial summary
Financials in USD| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | 6.17 | - | |||||
| P/B LTM | x | 0.87 | 1.04 | |||||
| P/S LTM | x | 0.15 | 0.20 | |||||
| P/FCF LTM | x | 2.07 | 6.62 | |||||
| EV/EBITDA LTM | x | 3.31 | 6.20 | |||||
| EV/Sales LTM | x | 0.37 | 0.41 | |||||
| Earnings Yield LTM | % | 16.21% | 11.59% | |||||
| FCF Yield | % | 48.39% | 15.12% | |||||
| Quality | ||||||||
| ROE | % | 14.16% | 14.44% | |||||
| ROIC | % | 11.41% | 11.41% | |||||
| Operating margin | % | 8.88% | 8.88% | |||||
| Gross margin | % | 18.79% | 18.79% | |||||
| FCF/Sales | % | 7.34% | 7.34% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | - | - | |||||
| Sales Growth YoY | % | +4.29% | +16.13% | |||||
| Net Income Growth YoY | % | - | - | |||||
| FCF Growth | % | - | -51.63% | |||||
| Operating Profit Growth | % | +249.52% | +766.60% | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 2.04% | 0.00% | |||||
| Dividend Growth | % | - | -100.00% | |||||
| Payout Ratio | % | 12.58% | 12.58% | |||||
| FCF/Debt | x | 0.29 | 0.10 | |||||
| Net Debt/EBITDA | x | 1.94 | 1.94 | |||||
| EBIT/Net interest | x | 4.24 | 4.24 | |||||
| Net debt/market cap | % | 117.96% | 105.12% | |||||
| Net debt/Equity | x | 1.03 | 1.10 | |||||
| Gross debt/equity | x | 1.47 | 1.52 | |||||
Company overview
Japfa Ltd., a multifaceted agri-food enterprise established in Singapore in 1971 and a subsidiary of Rangi Management Limited, specializes in the production and distribution of dairy goods, critical protein sources, and a variety of packaged food items. The company maintains a significant international presence, operating in markets such as Singapore, Indonesia, Vietnam, China, India, Bangladesh, and Myanmar, among others. Its extensive operations are structured across Animal Protein, Animal Protein – Other, and Dairy segments. In its Animal Protein division, Japfa manufactures poultry feed under brands like Comfeed and Benefeed, in addition to supplying broiler and layer day-old chicks. The company also brings ready-to-eat and ready-to-cook processed food products to market via its well-known So Good and So Nice brands. Expanding into aquaculture, it produces feed tailored for marine and freshwater species, managing a comprehensive network that includes cold storage and processing plants, fish and shrimp farms, and hatcheries. Furthermore, Japfa engages in integrated cattle farming activities, spanning beef cattle breeding, feedlot management, fattening, and abattoir services, with meat products sold under the Tokusen Wagyu Beef brand, alongside its swine breeding farm operations. The Dairy segment is responsible for the Greenfields fresh milk brand and supplies various foodservice channels, including cafés, bubble tea shops, and bakeries, under its AustAsia brand. Beyond these primary business areas, Japfa's diverse portfolio encompasses the import and export of raw materials, commercial farm operations, chicken slaughterhouse management, general trading, deer breeding, the international trade of beef cattle and associated products, and the provision of business and management consultancy services.
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Japfa Ltd. (UD2.SI)
Japfa Ltd., a multifaceted agri-food enterprise established in Singapore in 1971 and a subsidiary of Rangi Management Limited, specializes in the production and distribution of dairy goods, critical protein sources, and a variety of packaged food items. The company maintains a significant international presence, operating in markets such as Singapore, Indonesia, Vietnam, China, India, Bangladesh, and Myanmar, among others. Its extensive operations are structured across Animal Protein, Animal Protein – Other, and Dairy segments. In its Animal Protein division, Japfa manufactures poultry feed under brands like Comfeed and Benefeed, in addition to supplying broiler and layer day-old chicks. The company also brings ready-to-eat and ready-to-cook processed food products to market via its well-known So Good and So Nice brands. Expanding into aquaculture, it produces feed tailored for marine and freshwater species, managing a comprehensive network that includes cold storage and processing plants, fish and shrimp farms, and hatcheries. Furthermore, Japfa engages in integrated cattle farming activities, spanning beef cattle breeding, feedlot management, fattening, and abattoir services, with meat products sold under the Tokusen Wagyu Beef brand, alongside its swine breeding farm operations. The Dairy segment is responsible for the Greenfields fresh milk brand and supplies various foodservice channels, including cafés, bubble tea shops, and bakeries, under its AustAsia brand. Beyond these primary business areas, Japfa's diverse portfolio encompasses the import and export of raw materials, commercial farm operations, chicken slaughterhouse management, general trading, deer breeding, the international trade of beef cattle and associated products, and the provision of business and management consultancy services.
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