Financials DFI Retail Group Holdings Limited OTC Markets

Equities

DFIHY

US2338594045

Food Retail & Distribution

Market Closed - OTC Markets Other stock markets 01:00:27 24/05/2024 am IST			5-day change	1st Jan Change
9.08 ^USD	-1.94%		-.--%	-14.34%

23/05	Jardine Matheson expects underlying profit to slightly fall	AN
22/05	ALL PEOPLE THAT HAVE BEEN TESTED FOR AVIAN FLU HAVE BEEN CONNECT…	RE

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,724	5,641	3,869	3,965	3,249	2,558	-	-
Enterprise Value (EV) ¹	8,545	6,458	4,713	7,706	6,717	5,786	5,565	5,423
P/E ratio	23.9 x	20.8 x	37.6 x	-34.4 x	101 x	12.5 x	10.2 x	9.32 x
Yield	3.68%	3.96%	3.32%	1.02%	3.33%	5.02%	6.04%	6.61%
Capitalization / Revenue	0.69 x	0.55 x	0.43 x	0.43 x	0.35 x	0.28 x	0.27 x	0.26 x
EV / Revenue	0.76 x	0.63 x	0.52 x	0.84 x	0.73 x	0.62 x	0.58 x	0.55 x
EV / EBITDA	5.94 x	4.63 x	3.93 x	6.97 x	5.99 x	5.02 x	4.54 x	4.3 x
EV / FCF	8.1 x	7.69 x	6.22 x	10.8 x	7.72 x	6.5 x	5.52 x	8.59 x
FCF Yield	12.3%	13%	16.1%	9.29%	13%	15.4%	18.1%	11.6%
Price to Book	6.39 x	4.27 x	3.05 x	4.19 x	3.31 x	2.42 x	2.06 x	1.81 x
Nbr of stocks (in thousands)	13,52,703	13,52,703	13,52,902	13,53,280	13,53,651	13,53,651	-	-
Reference price ²	5.710	4.170	2.860	2.930	2.400	1.890	1.890	1.890
Announcement Date	05/03/20	11/03/21	03/03/22	02/03/23	07/03/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	11,192	10,268	9,015	9,174	9,170	9,297	9,555	9,839
EBITDA ¹	1,439	1,395	1,200	1,105	1,121	1,153	1,225	1,260
EBIT ¹	436.5	411.6	313.8	244.3	293.8	315.5	351.4	369.8
Operating Margin	3.9%	4.01%	3.48%	2.66%	3.2%	3.39%	3.68%	3.76%
Earnings before Tax (EBT) ¹	393.7	330.3	150.2	-89.3	71.3	261.5	318	353.7
Net income ¹	323.8	271	102.9	-114.6	32.2	202.9	245	268.9
Net margin	2.89%	2.64%	1.14%	-1.25%	0.35%	2.18%	2.56%	2.73%
EPS ²	0.2392	0.2003	0.0761	-0.0851	0.0238	0.1513	0.1854	0.2029
Free Cash Flow ¹	1,055	840	757.2	715.9	870.2	890.6	1,009	631.5
FCF margin	9.42%	8.18%	8.4%	7.8%	9.49%	9.58%	10.56%	6.42%
FCF Conversion (EBITDA)	73.32%	60.22%	63.13%	64.77%	77.63%	77.23%	82.35%	50.12%
FCF Conversion (Net income)	325.76%	309.96%	735.86%	-	2,702.48%	438.94%	411.71%	234.87%
Dividend per Share ²	0.2100	0.1650	0.0950	0.0300	0.0800	0.0949	0.1142	0.1249
Announcement Date	05/03/20	11/03/21	03/03/22	02/03/23	07/03/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2020 S1	2022 S1	2022 S2
Net sales	5,240	-	-
EBITDA	-	-	-
EBIT	145.4	-	-
Operating Margin	2.77%	-	-
Earnings before Tax (EBT)	-	-	-
Net income ¹	-	-57.6	-57
Net margin	-	-	-
EPS	-	-0.0425	-
Dividend per Share	-	-	-
Announcement Date	29/07/21	28/07/22	02/03/23

¹USD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	821	817	844	3,741	3,469	3,228	3,006	2,865
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.5707 x	0.5857 x	0.7036 x	3.385 x	3.094 x	2.799 x	2.454 x	2.273 x
Free Cash Flow ¹	1,055	840	757	716	870	891	1,009	632
ROE (net income / shareholders' equity)	27.5%	21.4%	7.95%	-10.4%	16.1%	20.1%	23%	26%
ROA (Net income/ Total Assets)	3.8%	3.33%	1.33%	-1.54%	0.45%	3.46%	4.03%	4.41%
Assets ¹	8,528	8,135	7,753	7,465	7,218	5,873	6,083	6,097
Book Value Per Share ²	0.8900	0.9800	0.9400	0.7000	0.7200	0.7800	0.9200	1.040
Cash Flow per Share ²	0.9500	0.7900	0.7000	0.7000	0.7700	0.5900	0.8500	0.5900
Capex ¹	233	227	185	224	173	213	215	211
Capex / Sales	2.08%	2.21%	2.05%	2.44%	1.89%	2.29%	2.25%	2.15%
Announcement Date	05/03/20	11/03/21	03/03/22	02/03/23	07/03/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for DFI Retail Group Holdings Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.89 USD

Average target price

2.635 USD

Spread / Average Target

+39.42%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Supermarkets & Convenience Stores

	1st Jan change	Capi.
AVENUE SUPERMARTS LIMITED	+17.16%	37.69B
FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.	-12.13%	34.34B
SEVEN & I HOLDINGS CO., LTD.	+5.34%	31.52B
SM INVESTMENTS CORPORATION	-3.84%	17.44B
COLES GROUP LIMITED	+6.70%	15.19B
CASEY'S GENERAL STORES, INC.	+38.67%	14.1B
JERÓNIMO MARTINS, SGPS, S.A.	-16.88%	13.11B
ICA GRUPPEN	-.--%	11.82B
DINO POLSKA S.A.	-9.68%	10.14B

Supermarkets & Convenience Stores