DUTCH LADY at a glance

 

Dutch Lady at a Glance

 

Dutch Lady: Investment returns

Dutch Lady Year DPS (sen) EPS (sen) MR Pr (RM) LPr (RM) HPr (RM) 2002 5.8 23.7 6.10 3.85 8.35 2003 12.8 24.2 4.13 3.76 4.50 2004 56 26.6 4.84 3.98 5.70 2005 63.2 42.4 5.56 4.56 6.55 2006 63.2 67.3 10.05 6.10 14.00 2007 63.2 73.8 11.65 10.00 13.30 2008 42.1 66.6 10.55 8.10 13.00 2009 65.5 94.38 10.93 8.85 13.00 2010 72.5 119.05 15.70 11.30 20.10 2011 72.5 172 23.14 15.28 31.00 2012 260 192.78 37.10 23.40 50.80 2013 260 216.04 45.44 41.40 49.50 2014 220 171.63 44.67 40.36 48.98 2015 220 220.28 45.45 41.80 49.10 2016 220 232.93 56.33 46.68 65.98 2017 280 188.08 58.00 54.00 62.00 2018 200 198.07 67.18 57.38 76.98 2019 100 159.41 55.20 45.62 64.78 2020 80 113.99 41.95 34.00 49.90 2021 50 146.25 34.71 31.92 37.50 2022 50 159.64 32.30 30.00 34.60 2023 50 110 25.26 20.22 30.30 Investing period from starting year to now (RM) Year Total DPS Pr 4/1/24 MR Pr Pr change Total returns 2002 25.07 25.00 6.10 18.90 19.15 2007 23.06 25.00 11.65 13.35 13.58 2012 19.90 25.00 37.10 -12.10 -11.90 2017 8.10 25.00 58.00 -33.00 -32.92 2022 1.00 25.00 32.30 -7.30 -7.29

Comparing Farm Fresh with Dutch Lady

Market cap of Farm Fresh (RM'000) 2,283,742

Market cap of Dutch Lady (RM'000) 1,433,600

Farm Fresh 

Adj PER – Latest 45.35
Dutch Lady 

Adj PER – Latest 14.03

Performance Info
Farm Fresh 

ROE - 5 Yr Avg10.56 

ROE - Latest FY 7.94
Dutch Lady 

ROE - 5 Yr Avg 62.91 

ROE - Latest FY 11.66


Farm Fresh 

Latest YR D/E 0.55 

NAB/Share (RM) 0.34 Latest PX / NAB 3.59
EV/EBITDA 25.43
Dutch Lady 

Latest YR D/E 0.02 

NAB/Share (RM) 6.20 Latest PX / NAB 3.61
EV/EBITDA 14.72

Dutch Lady

 

Dutch Lady

 Fiscal year is January-December. 

2021 2020 2019 2018 2017 5-year trend 

INCOME STATEMENT

All values MYR Millions.

Sales/Revenue 1,134 1,101 1,067 1,049 1,065 

Gross Income 400 357 405 416 401 

SG&A Expense 189 184 195 194 174

Depreciation & Amortization Expense 37 20 20 14 12

 Interest Expense 3 3 4 3 - 

Sale of Fixed Assets & Businesses 194  0.137  0.073 - - 

Pretax Income 285 98 138 171 158 

Net Income 248 73 103 129 118 

CASH FLOW STATEMENT

 All values MYR Thousands. 

Net Operating Cash Flow (16,259.0) 142,038.0 114,602.0 117,876.0 43,200.0 

Capital Expenditures (61,692.0) (93,228.0) (20,038.0) (34,278.0) (16,280.0) 

Free Cash Flow (70,181.0) 49,403.0 94,756.0 83,613.0 27,517.0 

 Cash Dividends Paid - Total (32,000.0) (51,200.0) (64,000.0) (128,000.0) (179,200.0) 

Sale of Fixed Assets & Businesses 194,001.0 137.0 73.0 - - 

BALANCE SHEET

 All values MYR Thousands. 

 Cash & Short Term Investments 118,300.0 55,605.0 61,532.0 32,109.0 61,339.0 

ST Debt & Current Portion LT Debt 8,487.0 19,598.0 17,358.0 15,172.0 - 

Long-Term Debt 6,652.0 3,590.0 340.0 - - 

Total Current Assets 482,151.0 288,435.0 314,460.0 279,549.0 286,781.0 

Total Current Liabilities 306,032.0 324,181.0 292,043.0 292,804.0 281,640.0

 Current Ratio 1.58 0.89 1.08 0.95 1.02

 Quick Ratio 1.05 0.42 0.61 0.51 0.61

 Cash Ratio 0.39 0.17 0.21 0.11 0.22

 Total Shareholders' Equity 382,580.0 166,580.0 144,417.0 105,459.0 104,010.0

 Retained Earnings 318,580.0 102,580.0 80,417.0 41,459.0 40,010.0

 Total Shareholders' Equity / Total Assets 54.56% 33.39% 32.56% 25.92% 26.40%

 Liabilities & Shareholders' Equity 701,232.0 498,845.0 443,594.0 406,899.0 394,006.0

Total Assets 701,232.0 498,845.0 443,594.0 406,899.0 394,006.0 

Return On Average Assets 41.33%

Average Growth Rates 

Dutch Lady Milk Industries Bhd 

Past Five Years Ending 12/31/2021 (Fiscal Year) 

Revenue +1.30%

 Net Income +22.13%

 Earnings Per Share +22.13% 

Capital Spending +55.79%

 Gross Margin +38.50%

 Cash Flow -71.01% 

 KEY STOCK DATA 

P/E Ratio (TTM) 7.74(12/28/22) 

EPS (TTM) RM3.91 

Market Cap RM1.93 B 

Shares Outstanding N/A 

Public Float 56.93 M 

Yield 1.65%(12/28/22) 

Latest Dividend RM0.25(12/13/22)

Dutch Lady

Price 62.30 (10/12/2018)
Market Cap 4.05 Billion
ttm-EPS 1.88
P/E ttm 33.17



FY 2017

Income Statement

Revenue 1065m
Gross Income 401m
EBIT 228m
PBT 158m
PAT 118m

EPS 1.84


Balance Sheet

Cash 61.3m
ST Debt 0
LT Debt 0


AR 103.8m
AP 206.9m

Inventories 115.8m


Total CA 286.8m
Total CL 281.6

CR 1.02
Quick Ratio 0.61


Total Liabilities 290m
Total Equity 104m
Total Assets 394m


Cash Flow Statement

Funds from operations  43.2m
Net Operating Cash Flow  43.2m

Capex (16.3m)

Cash Dividends (179.2m)

FCF 27.5m
FCF Yield 0.68%.




ttm 30-9-2018

ttm-Revenue  1046.5m
ttm-PAT 120.1m
ttm-EPS 1.88

Are you interested in investing into Dutch Lady?

Dutch Lady (22.8.2017)

Revenue in current quarter increased by 7% compared to preceding year's corresponding quarter.

Lower profit before tax by 16% compared to last year, was due to higher material prices.

Revenue for first half of 2016 grew by 3.5% compared to corresponding period in 2016.

Lower profit before tax of 12.5% driven by higher material prices.

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2017	30 Jun 2016	30 Jun 2017	30 Jun 2016
		$$'000	$$'000	$$'000	$$'000
1	Revenue	263,540	246,685	513,640	496,470
2	Profit/(loss) before tax	42,686	51,099	84,790	96,885
3	Profit/(loss) for the period	32,233	36,709	64,155	70,596
4	Profit/(loss) attributable to ordinary equity holders of the parent	32,233	36,709	64,155	70,596
5	Basic earnings/(loss) per share (Subunit)	50.35	57.35	100.20	110.30
6	Proposed/Declared dividend per share (Subunit)	0.00		0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.8900		2.590

	Dlady
Quarterly Report History
Qtr	Financial	Revenue	…	PBT	…	PAT	…	PBT
No	Quarter	(RM,000)	…	(RM,000)	…	(RM,000)	…	Margin
2	30-Jun-17	263,540	…	42,686		32,233	…	16.2%
1	31-Mar-17	250,100	…	42,103		31,921	…	16.8%
4	31-Dec-16	271,664	…	48,303		37,815	…	17.8%
3	30-Sep-16	279,592	…	52,789		40,657	…	18.9%
2	30-Jun-16	246,685	…	51,099		36,709	…	20.7%
1	31-Mar-16	249,786	…	45,787		33,888	…	18.3%
4	31-Dec-15	270,900	…	34,352		25,222	…	12.7%
3	30-Sep-15	255,581	…	65,727		49,954	…	25.7%
2	30-Jun-15	278,288	…	65,642		48,776	…	23.6%
1	31-Mar-15	196,894	…	23,016		17,028	…	11.7%
4	31-Dec-14	263,842	…	45,871		33,952	…	17.4%
3	30-Sep-14	240,491	…	38,580		28,549	…	16.0%
No.	Financial	ttm-Rev	…	ttm-PBT	…	ttm-PAT	…	ttm-PBT
Qtr.	Quarter	(RM,000)	…	(RM,000)	…	(RM,000)	…	Margin
2	31-Dec-17	1,064,896	…	185,881	…	142,626	…	17.5%
1	31-Dec-17	1,048,041	…	194,294	…	147,102	…	18.5%
4	31-Dec-16	1,047,727	…	197,978	…	149,069	…	18.9%
3	31-Dec-16	1,046,963	…	184,027	…	136,476	…	17.6%
2	31-Dec-16	1,022,952	…	196,965	…	145,773	…	19.3%
1	31-Dec-16	1,054,555	…	211,508	…	157,840	…	20.1%
4	31-Dec-15	1,001,663	…	188,737	…	140,980	…	18.8%
3	31-Dec-15	994,605	…	200,256	…	149,710	…	20.1%
2	31-Dec-15	979,515	…	173,109	…	128,305	…	17.7%
1	31-Dec-15		…		…		…
4	31-Dec-14		…		…		…
3	31-Dec-14		…		…		…
Qtr	Financial	EPS	…	DPS	…	NTA	…	ttm-EPS	…	ttm-DPS
No	Quarter	(Cent)	…	(Cent)	…	(RM)	…	(Cent)	…	(Cent)
2	30-Jun-17	50.35	…	60	…	1.89	…	222.85	…	170
1	31-Mar-17	49.9	…	110	…	3.08	…	229.85	…	220
4	31-Dec-16	59.1	…	0	…	2.59	…	232.9	…	220
3	30-Sep-16	63.5	…	0	…	3.09	…	213.2	…	330
2	30-Jun-16	57.35	…	110	…	2.46	…	227.8	…	330
1	31-Mar-16	52.95	…	110	…	2.99	…	246.65	…	330
4	31-Dec-15	39.4	…	110	…	2.46	…	220.3	…	220
3	30-Sep-15	78.1	…	0	…	3.16	…	233.95	…	220
2	30-Jun-15	76.2	…	110	…	2.38	…	200.45	…	220
1	31-Mar-15	26.6	…	0	…	2.72	…	#REF!	…
4	31-Dec-14	53.05	…	110	…	2.45	…	#REF!	…
3	30-Sep-14	44.6	…	0	…	3.02	…	#REF!	…