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Bahrain Duty Free Shop Complex BSC

BAX:DUTYF
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DUTYF
BAX
BHD107M
Market Cap
  1. Home
  2. BH
  3. Retail
Company description

Bahrain Duty Free Shop Complex BSC operates duty free shops in the Kingdom of Bahrain. The last earnings update was 58 days ago. More info.


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DUTYF Share Price and Events
7 Day Returns
0%
BAX:DUTYF
7.3%
Asia Specialty Retail
-2.6%
BH Market
1 Year Returns
-4.5%
BAX:DUTYF
-16.9%
Asia Specialty Retail
-7.9%
BH Market
DUTYF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bahrain Duty Free Shop Complex BSC (DUTYF) 0% 0% - -4.5% -2% 4.3%
Asia Specialty Retail 7.3% -5.1% -21% -16.9% -3.1% -14.1%
BH Market -2.6% -11.1% -19.1% -7.9% 3.1% -8.5%
1 Year Return vs Industry and Market
  • DUTYF outperformed the Specialty Retail industry which returned -16.9% over the past year.
  • DUTYF outperformed the Market in Bahrain which returned -7.9% over the past year.
Price Volatility
DUTYF
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Bahrain Duty Free Shop Complex BSC's competitors could be found in our database.

Value

 Is Bahrain Duty Free Shop Complex BSC undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bahrain Duty Free Shop Complex BSC to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bahrain Duty Free Shop Complex BSC.

BAX:DUTYF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 19.9%
Perpetual Growth Rate 10-Year BH Government Bond Rate 8.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BAX:DUTYF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year BH Govt Bond Rate 8.6%
Equity Risk Premium S&P Global 12.4%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.866 (1 + (1- 21%) (0%))
0.91
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (0.91 * 12.41%)
19.9%

Discounted Cash Flow Calculation for BAX:DUTYF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bahrain Duty Free Shop Complex BSC is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BAX:DUTYF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (BHD, Millions) Source Present Value
Discounted (@ 19.9%)
2020 7.83 Est @ 7.13% 6.53
2021 8.42 Est @ 7.57% 5.86
2022 9.08 Est @ 7.88% 5.27
2023 9.82 Est @ 8.09% 4.75
2024 10.63 Est @ 8.25% 4.29
2025 11.51 Est @ 8.35% 3.88
2026 12.48 Est @ 8.43% 3.50
2027 13.54 Est @ 8.48% 3.17
2028 14.70 Est @ 8.52% 2.87
2029 15.95 Est @ 8.54% 2.60
Present value of next 10 years cash flows BHD42.00
BAX:DUTYF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= BHD15.95 × (1 + 8.6%) ÷ (19.9% – 8.6%)
BHD153.30
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= BHD153.30 ÷ (1 + 19.9%)10
BHD24.97
BAX:DUTYF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= BHD42.00 + BHD24.97
BHD66.97
Equity Value per Share
(BHD)
= Total value / Shares Outstanding
= BHD66.97 / 142.27
BHD0.47
BAX:DUTYF Discount to Share Price
Calculation Result
Value per share (BHD) From above. BHD0.47
Current discount Discount to share price of BHD0.75
= -1 x (BHD0.75 - BHD0.47) / BHD0.47
-59.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Bahrain Duty Free Shop Complex BSC is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bahrain Duty Free Shop Complex BSC's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bahrain Duty Free Shop Complex BSC's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BAX:DUTYF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in BHD BHD0.05
BAX:DUTYF Share Price ** BAX (2020-03-08) in BHD BHD0.75
Asia Specialty Retail Industry PE Ratio Median Figure of 248 Publicly-Listed Specialty Retail Companies 11.11x
Bahrain Market PE Ratio Median Figure of 30 Publicly-Listed Companies 10.06x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bahrain Duty Free Shop Complex BSC.

BAX:DUTYF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BAX:DUTYF Share Price ÷ EPS (both in BHD)

= 0.75 ÷ 0.05

14.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bahrain Duty Free Shop Complex BSC is overvalued based on earnings compared to the Asia Specialty Retail industry average.
  • Bahrain Duty Free Shop Complex BSC is overvalued based on earnings compared to the Bahrain market.
Price based on expected Growth
Does Bahrain Duty Free Shop Complex BSC's expected growth come at a high price?
Raw Data
BAX:DUTYF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Specialty Retail Industry PEG Ratio Median Figure of 84 Publicly-Listed Specialty Retail Companies 0.99x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bahrain Duty Free Shop Complex BSC, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bahrain Duty Free Shop Complex BSC's assets?
Raw Data
BAX:DUTYF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in BHD BHD0.37
BAX:DUTYF Share Price * BAX (2020-03-08) in BHD BHD0.75
Asia Specialty Retail Industry PB Ratio Median Figure of 335 Publicly-Listed Specialty Retail Companies 0.87x
Bahrain Market PB Ratio Median Figure of 34 Publicly-Listed Companies 0.79x
BAX:DUTYF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BAX:DUTYF Share Price ÷ Book Value per Share (both in BHD)

= 0.75 ÷ 0.37

2.02x

* Primary Listing of Bahrain Duty Free Shop Complex BSC.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bahrain Duty Free Shop Complex BSC is overvalued based on assets compared to the Asia Specialty Retail industry average.
X
Value checks
We assess Bahrain Duty Free Shop Complex BSC's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Bahrain Duty Free Shop Complex BSC has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bahrain Duty Free Shop Complex BSC expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bahrain Duty Free Shop Complex BSC has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.3%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bahrain Duty Free Shop Complex BSC expected to grow at an attractive rate?
  • Unable to compare Bahrain Duty Free Shop Complex BSC's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Bahrain Duty Free Shop Complex BSC's earnings growth to the market average as no estimate data is available.
  • Unable to compare Bahrain Duty Free Shop Complex BSC's revenue growth to the Bahrain market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BAX:DUTYF Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 8.3%
Asia Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
Bahrain Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BAX:DUTYF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in BHD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BAX:DUTYF Past Financials Data
Date (Data in BHD Millions) Revenue Cash Flow Net Income *
2019-12-31 38 8 7
2019-09-30 37 6 7
2019-06-30 37 6 7
2019-03-31 37 8 7
2018-12-31 36 7 7
2018-09-30 36 6 8
2018-06-30 34 7 8
2018-03-31 33 6 8
2017-12-31 32 5 7
2017-09-30 31 5 9
2017-06-30 30 5 9
2017-03-31 29 7 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Bahrain Duty Free Shop Complex BSC is high growth as no earnings estimate data is available.
  • Unable to determine if Bahrain Duty Free Shop Complex BSC is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BAX:DUTYF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bahrain Duty Free Shop Complex BSC Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BAX:DUTYF Past Financials Data
Date (Data in BHD Millions) EPS *
2019-12-31 0.05
2019-09-30 0.05
2019-06-30 0.05
2019-03-31 0.05
2018-12-31 0.05
2018-09-30 0.06
2018-06-30 0.06
2018-03-31 0.05
2017-12-31 0.05
2017-09-30 0.06
2017-06-30 0.06
2017-03-31 0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bahrain Duty Free Shop Complex BSC will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Bahrain Duty Free Shop Complex BSC's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Bahrain Duty Free Shop Complex BSC's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Retail companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Bahrain Duty Free Shop Complex BSC's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bahrain Duty Free Shop Complex BSC has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bahrain Duty Free Shop Complex BSC performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bahrain Duty Free Shop Complex BSC's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bahrain Duty Free Shop Complex BSC's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Bahrain Duty Free Shop Complex BSC's 1-year earnings growth exceeds its 5-year average (0.4% vs -5.1%)
  • Bahrain Duty Free Shop Complex BSC's earnings growth has not exceeded the Asia Specialty Retail industry average in the past year (0.4% vs 2.8%).
Earnings and Revenue History
Bahrain Duty Free Shop Complex BSC's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bahrain Duty Free Shop Complex BSC Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BAX:DUTYF Past Revenue, Cash Flow and Net Income Data
Date (Data in BHD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 37.61 7.50 13.90
2019-09-30 37.03 7.10 13.76
2019-06-30 37.24 7.13 13.77
2019-03-31 37.14 7.29 13.66
2018-12-31 36.40 7.47 13.46
2018-09-30 35.61 7.92 13.17
2018-06-30 34.33 8.11 12.67
2018-03-31 33.12 7.65 12.25
2017-12-31 31.98 7.09 11.85
2017-09-30 30.80 8.82 11.42
2017-06-30 30.12 8.58 10.76
2017-03-31 29.33 8.73 10.36
2016-12-31 28.86 8.33 10.04
2016-09-30 28.69 7.20 12.63
2016-06-30 28.38 7.10 11.85
2016-03-31 28.67 8.42 10.88
2015-12-31 28.12 8.95 9.84
2015-09-30 28.33 9.95 6.13
2015-06-30 27.86 10.27 5.82
2015-03-31 28.12 9.09 5.64
2014-12-31 28.08 8.55 5.50
2014-09-30 27.68 7.08 5.37
2014-06-30 27.37 6.38 5.42
2014-03-31 26.57 6.59 5.33
2013-12-31 26.04 6.41 5.22
2013-09-30 26.40 6.33 5.15
2013-06-30 26.66 6.62 5.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bahrain Duty Free Shop Complex BSC has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bahrain Duty Free Shop Complex BSC used its assets more efficiently than the Asia Specialty Retail industry average last year based on Return on Assets.
  • Bahrain Duty Free Shop Complex BSC has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bahrain Duty Free Shop Complex BSC's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bahrain Duty Free Shop Complex BSC has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bahrain Duty Free Shop Complex BSC's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bahrain Duty Free Shop Complex BSC's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bahrain Duty Free Shop Complex BSC is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bahrain Duty Free Shop Complex BSC has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bahrain Duty Free Shop Complex BSC's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Bahrain Duty Free Shop Complex BSC has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bahrain Duty Free Shop Complex BSC Company Filings, last reported 3 months ago.

BAX:DUTYF Past Debt and Equity Data
Date (Data in BHD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 52.92 0.00 7.24
2019-09-30 51.37 0.00 4.18
2019-06-30 52.20 0.00 3.16
2019-03-31 50.09 0.00 9.76
2018-12-31 51.25 0.00 7.60
2018-09-30 50.44 0.00 9.85
2018-06-30 51.10 0.00 9.33
2018-03-31 49.27 0.00 13.37
2017-12-31 49.95 0.00 11.19
2017-09-30 49.69 0.00 10.24
2017-06-30 50.72 0.00 9.53
2017-03-31 48.95 0.00 14.89
2016-12-31 50.77 0.00 12.82
2016-09-30 47.52 0.00 11.02
2016-06-30 48.35 0.00 10.88
2016-03-31 46.65 0.00 8.98
2015-12-31 48.85 0.00 15.15
2015-09-30 46.16 0.00 11.75
2015-06-30 47.03 0.00 12.64
2015-03-31 44.04 0.00 8.36
2014-12-31 44.74 0.00 11.95
2014-09-30 42.20 0.00 8.46
2014-06-30 41.53 0.00 7.62
2014-03-31 40.11 0.00 8.69
2013-12-31 41.62 0.00 15.83
2013-09-30 39.71 0.00 14.43
2013-06-30 39.76 0.00 14.34
  • Bahrain Duty Free Shop Complex BSC has no debt.
  • Bahrain Duty Free Shop Complex BSC has not taken on any debt in the past 5 years.
  • Bahrain Duty Free Shop Complex BSC has no debt, it does not need to be covered by operating cash flow.
  • Bahrain Duty Free Shop Complex BSC has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Bahrain Duty Free Shop Complex BSC's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bahrain Duty Free Shop Complex BSC has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Bahrain Duty Free Shop Complex BSC's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.67%
Current annual income from Bahrain Duty Free Shop Complex BSC dividends.
If you bought BHD2,000 of Bahrain Duty Free Shop Complex BSC shares you are expected to receive BHD133 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bahrain Duty Free Shop Complex BSC's pays a higher dividend yield than the bottom 25% of dividend payers in Bahrain (4.88%).
  • Bahrain Duty Free Shop Complex BSC's dividend is below the markets top 25% of dividend payers in Bahrain (7.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BAX:DUTYF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Asia Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 235 Stocks 2.7%
Bahrain Market Average Dividend Yield Market Cap Weighted Average of 26 Stocks 6.3%
Bahrain Minimum Threshold Dividend Yield 10th Percentile 3.3%
Bahrain Bottom 25% Dividend Yield 25th Percentile 4.9%
Bahrain Top 25% Dividend Yield 75th Percentile 7.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BAX:DUTYF Past Annualized Dividends Data
Date (Data in BHD) Dividend per share (annual) Avg. Yield (%)
2020-02-11 0.050 6.396
2019-02-18 0.050 6.450
2018-08-08 0.050 6.861
2018-02-21 0.050 6.857
2017-02-21 0.046 5.956
2016-03-29 0.041 5.784
2016-02-18 0.041 5.779
2015-08-26 0.041 5.820
2015-03-09 0.038 5.413
2014-09-01 0.041 6.366
2014-02-26 0.041 6.937
2013-03-25 0.034 6.134
2012-04-25 0.034 7.142
2011-02-17 0.024 5.597
2010-03-18 0.018 5.005

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Bahrain Duty Free Shop Complex BSC's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bahrain Duty Free Shop Complex BSC's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 3.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bahrain Duty Free Shop Complex BSC afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bahrain Duty Free Shop Complex BSC has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bahrain Duty Free Shop Complex BSC's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bassam Alwardi
CEO Bio

Mr. Bassam Alwardi serves as General Manager at Bahrain Duty Free Shop Complex BSC (Alternate Name: Bahrain Duty Free Co.). Mr. Alwardi served as Head of Human Resources & Marketing at Bahrain Duty Free Shop Complex BSC since December 2012 and served as its Head of Resources. He earned his MBA in Business Administration from The University of Hull - UK in 2008.

CEO Compensation
  • Insufficient data for Bassam to compare compensation growth.
  • Insufficient data for Bassam to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the Bahrain Duty Free Shop Complex BSC management team in years:

4.3
Average Tenure
  • The tenure for the Bahrain Duty Free Shop Complex BSC management team is about average.
Management Team

Bassam Alwardi

TITLE
General Manager

Abdulla Buhindi

TITLE
MD & Non-Independent Executive Director

Dominic Carroll

TITLE
Head of Finance

Sadeq Abdulaziz

TITLE
Senior Category Manager

Fatima Bucheeri

TITLE
Marketing Manager
TENURE
29.5 yrs

Shibu Abraham

TITLE
Head of IT & Logistics
TENURE
4.3 yrs

Sujat Ameen

TITLE
Head of Business Support
TENURE
3.4 yrs

Richard Wilkinson

TITLE
Head of Purchasing
Board of Directors

Farouk Yousuf Almoayyed

TITLE
Non-Independent Non-Executive Chairman

Abdulla Buhindi

TITLE
MD & Non-Independent Executive Director

Mohammed A. Al Khan

TITLE
Non-Independent Non-Executive Director

Jawad Al Hawaj

TITLE
Non-Independent Non-Executive Director

Ghassan Al Sabbagh

TITLE
Independent Non-Executive Director

Jassim Al Shaikh

TITLE
Independent Non-Executive Director

Jalal Mohamed Jalal

TITLE
Non-Independent Non-Executive Director
AGE
71

Nabeel Al Zain

TITLE
Non-Independent Non-Executive Director

Shaikh Mohammed Bin Ali Bin Al Khalifa

TITLE
Independent Non-Executive Director

Jehad Yusuf Amin

TITLE
Non-Independent Non-Executive Director
AGE
61
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (BHD) Value (BHD)
X
Management checks
We assess Bahrain Duty Free Shop Complex BSC's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bahrain Duty Free Shop Complex BSC has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Bahrain Duty Free Shop Complex BSC operates duty free shops in the Kingdom of Bahrain. Its shops offer products in various categories, such as perfumers, cosmetics, jewelers, fashions and accessories, liquors, confectioneries, and tobacco products. The company operates shops within Bahrain International Airport, Khalifa Bin Salman Port Port, and Gulf Air Inflight. Bahrain Duty Free Shop Complex BSC was incorporated in 1990 and is headquartered in Muharraq, the Kingdom of Bahrain.

Details
Name: Bahrain Duty Free Shop Complex BSC
DUTYF
Exchange: BAX
Founded: 1990
BHD106,703,953
142,271,938
Website: http://www.bdutyfree.com
Address: Bahrain Duty Free Shop Complex BSC
Al Barsh'aa Building,
Building No 145,
Muharraq,
224,
Bahrain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BAX DUTYF Ordinary Shares Bahrain Stock Exchange BH BHD 08. Oct 1997
Number of employees
Current staff
Staff numbers
0
Bahrain Duty Free Shop Complex BSC employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 20:21
End of day share price update: 2020/03/08 00:00
Last earnings filing: 2020/02/11
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.