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Delfi Ltd
SGX:P34

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Delfi Ltd
SGX:P34
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Price: 1.15 SGD 0.88% Market Closed
Market Cap: S$702.8m

EV/OCF

5.7
Current
40%
Cheaper
vs 3-y average of 9.4

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
5.7
=
Enterprise Value
S$587.1m
/
Operating Cash Flow
$78.1m

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
5.7
=
Enterprise Value
S$587.1m
/
Operating Cash Flow
$78.1m

Valuation Scenarios

Delfi Ltd is trading below its 3-year average

If EV/OCF returns to its 3-Year Average (9.4), the stock would be worth S$1.9 (66% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+101%
Average Upside
56%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 5.7 S$1.15
0%
3-Year Average 9.4 S$1.9
+66%
5-Year Average 5.7 S$1.16
+1%
Industry Average 8.8 S$1.78
+55%
Country Average 11.4 S$2.31
+101%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close
Market Cap EV/OCF P/E
SG
Delfi Ltd
SGX:P34
702.8m SGD 5.7 16.6
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 324 870.4 540 752.8
CH
Nestle SA
SIX:NESN
205.8B CHF 15.7 23.2
US
Mondelez International Inc
NASDAQ:MDLZ
73.8B USD 20.3 30.1
FR
Danone SA
PAR:BN
43.3B EUR 13 23.8
ZA
Tiger Brands Ltd
JSE:TBS
48.7B ZAR 19.4 12.8
US
Hershey Co
NYSE:HSY
38.8B USD 18.8 44
CN
Muyuan Foods Co Ltd
SZSE:002714
237.6B CNY 13.3 24.3
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
231.2B CNY 25.4 32.8
ZA
Avi Ltd
JSE:AVI
32.7B ZAR 10.7 12.7
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.8B CHF 47.2 32.4

Market Distribution

Lower than 75% of companies in Singapore
Percentile
25th
Based on 497 companies
25th percentile
5.7
Low
0 — 7.6
Typical Range
7.6 — 20.2
High
20.2 —
Distribution Statistics
Singapore
Min 0
30th Percentile 7.6
Median 11.4
70th Percentile 20.2
Max 6 440.7

Delfi Ltd
Glance View

Market Cap
702.8m SGD
Industry
Food Products

Delfi Ltd. operates as an investment holding company, which engages in the manufacture, market, and distribution of chocolate, chocolate confectionery and consumer products. The firm is engaged in the manufacture and marketing of chocolate confectionery products under a range of brands and distribution of a range of food and other consumer products, including agency brands. Its segments are Indonesia and Regional Markets, which comprise the Philippines, Malaysia and Singapore. The firm has a portfolio of chocolate confectionery brand names, including SilverQueen, Ceres, Selamat and Delfi. In the Philippines, its brands are Goya and Knick Knacks. Its geographical areas include Indonesia, Singapore, Philippines, Thailand and Malaysia. The Company’s wholly owned subsidiaries include McKeeson Consultants Private Limited, Cocoa Specialities, Inc., Delfi Chocolate Manufacturing S.A., Delfi Cocoa Investments SA, Delfi Marketing Sdn Bhd, Delfi Foods, Inc., Delfi Marketing, Inc. and Nutritional Goodness S.A.

P34 Intrinsic Value
0.99 SGD
Overvaluation 14%
Intrinsic Value
Price S$1.15
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