Nestle versus Dutch Lady (A Comparative Study)
| 3.4.2012 | | 3.4.2012 |
| Nestle | | Dutch Lady |
| | | |
| | | |
| Income Statement | | | |
| 31/12/2011 | 31/12/2011 |
| RM (m) | | RM (m) |
| Revenue | 4,700.99 | | 810.65 |
| Gross Profit | 1,542.12 | | 304.47 |
| Operating Profit | 579.428 | | 139.372 |
| Financing costs | -21.398 | | -0.919 |
| PBT | 558.809 | | 141.553 |
| PAT | 456.301 | | 108.082 |
| | | |
| EPS (basic) sen | 194.58 | | 168.88 |
| EPS (diluted) sen | | | |
| | | |
| | | |
| | | |
| Balance Sheet | | | |
| NCA | 987.259 | | 74.048 |
| CA | 1015.064 | | 324.465 |
| Total Assets | 2002.323 | | 398.513 |
| | | |
| Total Equity | 640.86 | | 259.154 |
| NCL | 446.723 | | 4.051 |
| CL | 914.74 | | 135.308 |
| Total Liabilities | 1361.463 | | 139.359 |
| Total Eq + Liab | 2002.323 | | 398.513 |
| | | |
| Net assets per share | 2.730 | | 4.05 |
| | | |
| | | |
| Cash & Eq | 52.461 | | 193.143 |
| LT Borrowings | 337.711 | | 0 |
| ST Borrowings | 4.223 | | 0 |
| Net Cash | -289.473 | | 193.143 |
| | | |
| | | |
| Inventories | 517.573 | | 93.448 |
| Trade receivables | 444.854 | | 36.713 |
| Trade payables | 878.321 | | 121.831 |
| | | |
| | | |
| Quick Ratio | 0.54 | | 1.71 |
| Current Ratio | 1.11 | | 2.40 |
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| | | |
| | | |
| Cash flow statement | | | |
| PBT | 558.809 | | 141.553 |
| OPBCWC | 681.492 | | |
| Cash from Operations | 640.247 | | 188.290 |
| Net CFO | 581.844 | | 161.940 |
| CFI | -90.683 | | -7.135 |
| CFF | -461.013 | | -47.319 |
| | | |
| | | |
| Capex | -93.015 | | -10.882 |
| FCF | 488.829 | | 151.058 |
| | | |
| Dividends paid | -398.650 | | -46.400 |
| DPS (sen) | 180.00 | | 72.5 |
| | | |
| No of ord shares (m) | | | |
| basic | 234.5 | | 64 |
| diluted | | | |
| | | |
| | | |
| Financial Ratios | | | |
| | | |
| Gross Profit Margin | 32.80% | | 37.56% |
| Net Profit Margin | 9.71% | | 13.33% |
| Asset Turnover | 2.35 | | 2.03 |
| Financial Leverage | 3.12 | | 1.54 |
| | | |
| | | |
| ROA | 22.79% | | 27.12% |
| ROC | 49.05% | | 163.73% |
| ROE | 71.20% | | 41.71% |
| | | |
| | | |
| Valuation | 3.4.2012 | | 3.4.2012 |
| | | |
| Price | 55.9 | | 36 |
| Market cap (m) | 13108.55 | | 2304.00 |
| | | |
| P/E | 28.73 | | 21.32 |
| P/BV | 20.45 | | 8.89 |
| P/FCF | 26.82 | | 15.25 |
| P/Div | 32.88 | | 49.66 |
| | | |
| DPO ratio | 0.87 | | 0.43 |
| | | |
| EY | 3.48% | | 4.69% |
| FCF/P | 3.73% | | 6.56% |
| DY | 3.04% | | 2.01% |
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