As expected, an excellent set of full-year results with profit improving by 25.0% despite the pandemic. A dividend of 0.84 cents was declared. Full-year dividend is 1.12 cents.
1. current p/e is 13.4 times on price of 28.5 cents
2. full-year dividend is 1.12 cents which give a yield of around 4.0%
3. company is net cash w cash of $68.3 mil n debt of $25.5 mil
4. company make many acquisitions last year n late 2019. Impact
of these acquisitions will be felt in the current financial year 2020/2021.
An extract of Kimly Limited press release on 26 Nov 2020:
Kimly demonstrates resilience in FY2020 results
Despite pandemic related headwinds, full-year revenue improved from S$208.3 million to S$210.8 million, mainly due to the higher contributions from the Food Retail Division and contributions from new coffeeshops and food stalls
Assisted by the Singapore Government&rsquo s multiple COVID-19 assistance schemes, gross profit margin increased to 26.8 % in FY2020 from 19.5% in FY2019, and cushioned part of the negative impacts from the pandemic
Declare a final dividend of 0.84 Singapore cents per share, taking total dividend to 1.12 cents per share, representing a 52.6% payout of net profit
The Group remains committed to expand via both organic and inorganic growth
Latest financials of selected listed food companies
company …..... revenue net profit dividend div yield price period
Kimly Limited. 210,773 25225 1.12 3.86 29.0 fy - oct'19 to sept'20
RE& S …........110,649 -5,217 nil nil 9.2 fy - july'19 to june'20
Jumbo …......... 97,573 -8,169 nil nil 33.0 fy - oct'19 to sept'20
Japan Food ….. 18,530 0.300 0.75 2.3 32.0 hy - apr to sept'20
Koufu ….......... 88,966 2,535 0.5 0.75 66.0 hy - jan to june'20
Soup Rest …....16,179 0.129 nil nil 9.2 hy - jan to june'20
Comments:
From above it seems that Kimly is leading in terms of revenue, profits and dividend yield.
