Padini

Business Summary
Padini Holdings Berhad, an investment holding company, engages in the distribution and retail of fashion wears and accessories in Malaysia and Hong Kong. It offers ladies shoes and accessories, ancillary products, children's garments, maternity wear, and accessories. The company distributes its products through approximately 170 freestanding stores and in-house outlets. It offers its products under the Padini, Padini Authentics, PDI, P&Co, Seed, and Miki brand names. The company was founded in 1971 as Hwayo Garments Manufacturers Company and changed its name to Home Stores Sdn Bhd in 1991. Further, it changed its name to Padini Holdings Sdn Bhd in 1992; and to Padini Holdings Berhad in 1995. The company is based in Shah Alam, Malaysia.


Company Basics
Exchange Bursa Malaysia
Company Name Padini Holdings Bhd
Stock Code 7052
Sectors Consumer Discretionary
Paid Up Capital * MYR 65.59
Par Value - (as at 2008-06-30)
Market Cap * MYR 327.64 (based on value of 2.4900 per share)

Performance (as at 2008-06-30) *
Total Assets: MYR 264.31
Intangible Assets: MYR 0.12
Revenue: MYR 383.31
Earnings Before Interest and Taxes: MYR 58.43
EPS (Basic) Inc. Extraordinary Items: MYR 0.32
PE Inc. Extraordinary Items: 7.85
EPS (Basic) Exc. Extraordinary Items: MYR 0.32
PE Exc. Extraordinary Items: 7.85
Net Income: MYR 41.72
Dividends - Common/Ordinary: -
Dividends - Total: -
Goodwill: -
Minority Interest: -
Reserves: -
Return On Assets: 15.78%
Return On Equity: 24.61%
Shareholder's Equity: MYR 169.48

----

Historical 5 Yr PE 6.2 to 10.5

Historical 10 Yr PE 8.0 to 14.8

Present PE based on 2.49 = 7.85

Earnings Yield = 12.7%

DY = (0.134/2.49)= 5.4%

ROTC
= 41.72/ (OE 206.737 + STL 37.607 + LTL 2.525)
= 16.9%

Between the end of 1999 and the end of 2008:

total earnings were $1.28 a share,
total dividends were $0.463 a share and
retained earnings were $ 0.817 per share to add to its equity base.
the company's per share earnings increased from $0.025 a share to $0.317, the difference was $0.292 a share.
return on retained capital/earnings RORC was 0.292/0.817 = 35.7%