Guan Chong versus Dutch Lady (A Comparative Study)
| 8.3.2012 | | 5.3.2012 |
| Guan Chong | Dutch Lady |
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| Income Statement | | | |
| 31/12/2011 | 31/12/2011 |
| RM (m) | | RM (m) |
| Revenue | 1,382.80 | | 810.65 |
| Gross Profit | | | 304.47 |
| Operating Profit | 156.667 | | 139.372 |
| Financing costs | -6.598 | | -0.919 |
| PBT | 150.069 | | 141.553 |
| PAT | 124.641 | | 108.082 |
| | | |
| EPS (basic) sen | 38.68 | | 168.88 |
| EPS (diluted) sen | 37.27 | | |
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| Balance Sheet | | | |
| NCA | 250.665 | | 74.048 |
| CA | 650.093 | | 324.465 |
| Total Assets | 900.758 | | 398.513 |
| | | |
| Total Equity | 268.494 | | 259.154 |
| NCL | 23.118 | | 4.051 |
| CL | 609.146 | | 135.308 |
| Total Liabilities | 632.264 | | 139.359 |
| Total Eq + Liab | 900.758 | | 398.513 |
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| Net assets per share | 82.550 | | 4.05 |
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| Cash & Eq | 13.16 | | 193.143 |
| LT Borrowings | 8.917 | | 0 |
| ST Borrowings | 427.672 | | 0 |
| Net Cash | -423.429 | | 193.143 |
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| | | |
| Inventories | 466.392 | | 93.448 |
| Trade receivables | 170.337 | | 36.713 |
| Trade payables | 161.907 | | 121.831 |
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| Quick Ratio | 0.30 | | 1.71 |
| Current Ratio | 1.07 | | 2.40 |
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| Cash flow statement | | | |
| PBT | 150.069 | | 141.553 |
| OPBCWC | 182.743 | | |
| Cash from Operations | -54.949 | | 188.290 |
| Net CFO | -72.380 | | 161.940 |
| CFI | -106.673 | | -7.135 |
| CFF | 180.136 | | -47.319 |
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| | | |
| Capex | -107.002 | | -10.882 |
| FCF | -179.382 | | 151.058 |
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| Dividends paid | -38.932 | | -46.400 |
| DPS (sen) | 14.00 | | 72.5 |
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| No of ord shares (m) | | | |
| basic | 317.957 | | 64 |
| diluted | 330.026 | | |
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| Financial Ratios | | | |
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| Gross Profit Margin | - | | 37.56% |
| Net Profit Margin | 9.01% | | 13.33% |
| Asset Turnover | 1.54 | | 2.03 |
| Financial Leverage | 3.35 | | 1.54 |
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| ROA | 13.84% | | 27.12% |
| ROC | 18.01% | | 163.73% |
| ROE | 46.42% | | 41.71% |
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| Valuation | 8.3.2012 | | 5.3.2012 |
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| Price | 2.6 | | 29.5 |
| Market cap (m) | 858.07 | | 1888.00 |
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| P/E | 6.88 | | 17.47 |
| P/BV | 3.20 | | 7.29 |
| P/FCF | -4.78 | | 12.50 |
| P/Div | 22.04 | | 40.69 |
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| DPO ratio | 0.31 | | 0.43 |
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| EY | 14.53% | | 5.72% |
| FCF/P | -20.91% | | 8.00% |
| DY | 4.54% | | 2.46% |
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