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Thakral

DB:THK1
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
THK1
DB
SGD55M
Market Cap
  1. Home
  2. DE
  3. Retail
Company description

Thakral Corporation Ltd, an investment holding company, markets and distributes beauty, wellness, and lifestyle products. The last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
  • Thakral has significant price volatility in the past 3 months.
THK1 Share Price and Events
7 Day Returns
-6.2%
DB:THK1
-1%
Europe Retail Distributors
-2.7%
DE Market
1 Year Returns
-18.7%
DB:THK1
-16.6%
Europe Retail Distributors
-20.4%
DE Market
THK1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Thakral (THK1) -6.2% -9% -24.2% -18.7% 86.3% 10.9%
Europe Retail Distributors -1% -23.4% -33.3% -16.6% -32.4% -21.3%
DE Market -2.7% -18.4% -26.7% -20.4% -25.9% -30.4%
1 Year Return vs Industry and Market
  • THK1 underperformed the Retail Distributors industry which returned -16.6% over the past year.
  • THK1 outperformed the Market in Germany which returned -20.4% over the past year.
Price Volatility
THK1
Industry
5yr Volatility vs Market

THK1 Value

 Is Thakral 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 Thakral 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 Thakral.

DB:THK1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in SGD SGD .040000
Payout Ratio Company Filings (2019-12-31) 5491%
Discount Rate (Cost of Equity) See below 5.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:THK1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Retail Distributors Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 17%) (83.76%))
1.153
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.153 * 5.44%)
5.88%

Discounted Cash Flow Calculation for DB:THK1 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Thakral is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:THK1 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= SGD0.04 / (5.88% - -0.39%)
SGD0.22
DB:THK1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:THK1 represents 0.58095x of SGX:AWI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.58095x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SGD) x Listing Adjustment Factor
= SGD 0.64 x 0.58095
€0.37
Value per share (EUR) From above. €0.37
Current discount Discount to share price of €0.24
= -1 x (€0.24 - €0.37) / €0.37
34.1%

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

Current Discount
Amount off the current price Thakral is available for.
Intrinsic value
34%
Share price is €0.244 vs Future cash flow value of €0.37053
Current Discount Checks
For Thakral to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Thakral's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Thakral's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Thakral's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Thakral's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:THK1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SGD SGD0.07
SGX:AWI Share Price ** SGX (2020-04-02) in SGD SGD0.42
Europe Retail Distributors Industry PE Ratio Median Figure of 18 Publicly-Listed Retail Distributors Companies 9.21x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.15x

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

** Primary Listing of Thakral.

DB:THK1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:AWI Share Price ÷ EPS (both in SGD)

= 0.42 ÷ 0.07

6.05x

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

  • Thakral is good value based on earnings compared to the Europe Retail Distributors industry average.
  • Thakral is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Thakral's expected growth come at a high price?
Raw Data
DB:THK1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Retail Distributors Industry PEG Ratio Median Figure of 5 Publicly-Listed Retail Distributors Companies 0.78x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*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 Thakral, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Thakral's assets?
Raw Data
DB:THK1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SGD SGD1.03
SGX:AWI Share Price * SGX (2020-04-02) in SGD SGD0.42
Europe Retail Distributors Industry PB Ratio Median Figure of 23 Publicly-Listed Retail Distributors Companies 1.04x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:THK1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:AWI Share Price ÷ Book Value per Share (both in SGD)

= 0.42 ÷ 1.03

0.41x

* Primary Listing of Thakral.

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

  • Thakral is good value based on assets compared to the Europe Retail Distributors industry average.
X
Value checks
We assess Thakral'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 Retail Distributors 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 Retail Distributors industry average (and greater than 0)? (1 check)
  5. Thakral has a total score of 4/6, 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.

THK1 Future Performance

 How is Thakral 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 Thakral 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
-4.9%
Expected Retail Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Thakral expected to grow at an attractive rate?
  • Unable to compare Thakral's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Thakral's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Thakral's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:THK1 Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Retail Distributors Industry Earnings Growth Rate Market Cap Weighted Average -4.9%
Europe Retail Distributors Industry Revenue Growth Rate Market Cap Weighted Average -0.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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
DB:THK1 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 SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:THK1 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-12-31 108 -10 9
2019-09-30 113 -15 10
2019-06-30 123 -2 8
2019-03-31 143 -7 8
2018-12-31 157 -9 9
2018-09-30 165 -13 6
2018-06-30 166 -23 39
2018-03-31 157 -14 39
2017-12-31 153 -10 38
2017-09-30 155 -6 37
2017-06-30 152 0 3
2017-03-31 172 3 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Thakral is high growth as no earnings estimate data is available.
  • Unable to determine if Thakral 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
DB:THK1 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 Thakral Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:THK1 Past Financials Data
Date (Data in SGD Millions) EPS *
2019-12-31 0.07
2019-09-30 0.07
2019-06-30 0.06
2019-03-31 0.06
2018-12-31 0.07
2018-09-30 0.04
2018-06-30 0.30
2018-03-31 0.29
2017-12-31 0.29
2017-09-30 0.28
2017-06-30 0.02
2017-03-31 0.01

*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 Thakral will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Thakral is trading at Thakral'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Thakral'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. Thakral's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Thakral'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Thakral 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.

THK1 Past Performance

  How has Thakral 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 Thakral's growth in the last year to its industry (Retail Distributors).
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.
  • Thakral has delivered over 20% year on year earnings growth in the past 5 years.
  • Thakral's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Thakral's 1-year earnings growth is negative, it can't be compared to the Europe Retail Distributors industry average.
Earnings and Revenue History
Thakral'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 Thakral Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:THK1 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 107.87 9.08 27.03
2019-09-30 112.89 9.53 24.87
2019-06-30 123.49 8.04 26.80
2019-03-31 142.67 7.93 26.62
2018-12-31 157.12 9.30 25.99
2018-09-30 164.62 5.78 26.26
2018-06-30 165.93 39.10 28.66
2018-03-31 156.68 38.57 27.51
2017-12-31 153.23 37.75 27.51
2017-09-30 155.42 37.04 28.95
2017-06-30 151.89 2.91 26.51
2017-03-31 171.53 1.31 27.61
2016-12-31 214.89 0.42 27.71
2016-09-30 251.15 -0.08 29.39
2016-06-30 307.00 -0.22 29.95
2016-03-31 331.77 7.07 29.74
2015-12-31 331.33 6.09 29.61
2015-09-30 367.29 8.10 24.83
2015-06-30 366.65 7.97 23.62
2015-03-31 400.15 -0.64 23.36
2014-12-31 499.86 -0.11 22.87
2014-09-30 507.91 -1.02 24.35
2014-06-30 524.30 -1.24 23.93
2014-03-31 503.74 0.28 23.61
2013-12-31 413.14 -0.10 23.66
2013-09-30 371.94 2.37 22.12
2013-06-30 339.01 16.21 23.34

*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.
  • Thakral has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Thakral used its assets less efficiently than the Europe Retail Distributors industry average last year based on Return on Assets.
  • Thakral's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Thakral'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 Retail Distributors 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.
Thakral has a total score of 1/6, 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.

THK1 Health

 How is Thakral'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 Thakral's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Thakral is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Thakral's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Thakral'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.
  • Debt is covered by short term assets, assets are 1.6x debt.
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 Thakral Company Filings, last reported 3 months ago.

DB:THK1 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 198.19 44.17 46.02
2019-09-30 189.65 44.77 28.69
2019-06-30 189.21 58.18 51.81
2019-03-31 182.59 59.60 30.75
2018-12-31 181.75 55.32 30.05
2018-09-30 171.62 56.48 43.85
2018-06-30 165.52 49.71 57.91
2018-03-31 164.16 52.02 78.70
2017-12-31 162.71 58.04 46.18
2017-09-30 155.01 83.81 25.50
2017-06-30 123.40 81.69 21.51
2017-03-31 123.03 81.20 31.34
2016-12-31 120.41 90.20 30.39
2016-09-30 122.25 85.86 28.78
2016-06-30 117.46 88.26 23.68
2016-03-31 117.38 88.23 23.97
2015-12-31 117.43 92.73 10.61
2015-09-30 112.65 95.27 9.58
2015-06-30 111.75 101.89 15.50
2015-03-31 105.94 103.17 21.72
2014-12-31 105.76 100.42 19.21
2014-09-30 96.91 103.61 24.23
2014-06-30 102.67 105.44 49.06
2014-03-31 107.17 109.38 40.64
2013-12-31 106.83 113.50 45.94
2013-09-30 107.50 105.64 50.63
2013-06-30 108.02 99.82 46.69
  • Thakral's level of debt (22.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (95% vs 22.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 4.6x coverage).
X
Financial health checks
We assess Thakral'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. Thakral has a total score of 5/6, 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.

THK1 Dividends

 What is Thakral'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
9.52%
Current annual income from Thakral dividends.
If you bought €2,000 of Thakral shares you are expected to receive €190 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?
  • Thakral's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Thakral's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
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
DB:THK1 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
Europe Retail Distributors Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 4.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:THK1 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2020-02-27 0.040 9.406
2019-11-07 0.040 8.378
2019-08-07 0.040 8.796
2019-04-12 0.040 8.432
2019-02-28 0.040 8.437
2018-11-08 0.040 9.302
2018-08-02 0.020 4.525
2018-04-26 0.020 4.329
2018-04-11 0.020 4.522
2018-02-27 0.020 4.395
2017-11-09 0.020 3.774
2017-08-03 0.020 3.804
2017-04-07 0.020 5.956
2016-11-03 0.020 8.422
2016-08-04 0.020 9.666
2015-11-04 0.000 0.000
2015-08-05 0.000 0.000
2015-05-12 0.000 0.000
2015-04-13 0.000 0.000
2015-02-25 0.000 0.000
2014-02-26 0.020 3.806
2013-11-07 0.000 0.000
2013-02-25 0.040 6.502
2012-11-05 0.040 6.458
2012-08-03 0.000 0.000
2012-04-12 0.040 6.901
2012-02-29 0.040 6.902
2011-11-03 0.040 7.368
2011-08-12 0.040 7.616
2011-05-13 0.080 14.310

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

  • Thakral has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Thakral has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Thakral's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x 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 Thakral's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Thakral afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Thakral 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.

THK1 Management

 What is the CEO of Thakral'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
Bethal Thakral
COMPENSATION SGD803,000
AGE 59
TENURE AS CEO 4.3 years
CEO Bio

Mr. Inderbethal Singh Thakral, also known as Bethal, has been Group Chief Executive Officer of Thakral Corporation Limited since February 02, 2016. Mr. Thakral served as Managing Director of Lifestyle Business of Thakral Corporation Limited., since December 2008. He is Director of Thakral Capital Holdings Pte. Ltd. Mr. Thakral served as the Managing Director of Group Distribution Business at Thakral Corp. Ltd., since December 1, 2008. Mr. Thakral served as Group Managing Director and Chief Executive Officer of Thakral Corporation Limited until October 7, 2006. He served as the Chief Executive Officer of Thakral Corporation (HK) Ltd., a subsidiary of Thakral Corporation Limited until October 7, 2006. Mr. Thakral focused on expanding the Thakral Corporation's business in the PRC and developing trade relations in the PRC and Hong Kong and enlarged the range of brands as well as product lines carried by the Thakral Corporation thereby increasing its share of the consumer electronics market. Mr. Thakral joined the family business, Thakral Brothers (Private) Limited in Singapore in 1975. Mr. Thakral has over 27 years of exposure in trading and is experienced in conducting business on the Chinese mainland. Mr. Thakral serves as Non-Executive Director - Sovereign Funds Management Limited - Responsible Entity at Thakral Holdings Trust. He served as an Executive Director of Thakral Corp. Ltd., since December 2008. He served as a Non-Executive Director of Thakral Holdings Group Ltd. from February 1, 2004 to April 26, 2012. Mr. Thakral served as a Non-executive Director of Thakral Corp. Ltd. from August 12, 1994 to December 2008. He is Director at THAKRAL CAPITAL HOLDINGS PTE LTD.

CEO Compensation
  • Bethal's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Bethal's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Thakral management team in years:

4.4
Average Tenure
60
Average Age
  • The tenure for the Thakral management team is about average.
Management Team

Bethal Thakral

TITLE
Group CEO & Executive Director
COMPENSATION
SGD803K
AGE
59
TENURE
4.3 yrs

Kartar Thakral

TITLE
Executive Director
COMPENSATION
SGD315K
AGE
85

Anil Moolchand Daryanani

TITLE
Chief Financial Officer
AGE
55
TENURE
6.7 yrs

Torsten Stocker

TITLE
Chief Operating Officer of Lifestyle Division
TENURE
4.3 yrs

Vivian But

TITLE
Financial Controller

Lai Yin Chan

TITLE
Company Secretary
TENURE
4.4 yrs

Wan Chan

TITLE
Company Secretary
TENURE
6.4 yrs

Indergopal Thakral

TITLE
Managing Director of Thakral China Ltd.

Kanwaljeet Dhillon

TITLE
Managing Director of Thakral Corporation (HK) Limited

Patrick Lau

TITLE
Assistant Financial Controller
AGE
61
Board of Directors Tenure

Average tenure and age of the Thakral board of directors in years:

16.3
Average Tenure
72.5
Average Age
  • The average tenure for the Thakral board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Natarajan Subramaniam

TITLE
Independent Non-Executive Chairman & Lead Independent Director
COMPENSATION
SGD320K
AGE
80
TENURE
8.3 yrs

Bethal Thakral

TITLE
Group CEO & Executive Director
COMPENSATION
SGD803K
AGE
59
TENURE
25.7 yrs

Kartar Thakral

TITLE
Executive Director
COMPENSATION
SGD315K
AGE
85
TENURE
26.5 yrs

Ying Cheun Lee

TITLE
Independent Non-Executive Director
COMPENSATION
SGD131K
AGE
77
TENURE
24.4 yrs

Bikram Thakral

TITLE
Non-Independent & Non-Executive Director
AGE
43
TENURE
0.3 yrs

Dileep Nair

TITLE
Independent Non-Executive Director
COMPENSATION
SGD127K
AGE
68
TENURE
5.3 yrs
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 (€) Value (€)
07. May 19 Sell China Yuchai International Limited Company 30. Apr 19 30. Apr 19 -4,782,764 €0.33 €-1,567,393
30. Apr 19 Buy Prime Trade Enterprises Limited Company 30. Apr 19 30. Apr 19 26,510,000 €0.33 €8,687,803
X
Management checks
We assess Thakral'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. Thakral 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.

THK1 News

Simply Wall St News

THK1 Company Info

Description

Thakral Corporation Ltd, an investment holding company, markets and distributes beauty, wellness, and lifestyle products. The company’s Lifestyle division distributes beauty, wellness, and lifestyle products in India, Japan, the People’s Republic of China, and Singapore, as well as in various export markets. It distributes products of at-home beauty and wellness device brands comprising MTG Refa, ikoo, Panasonic, PMD, DermaWand, Philips, TriPollar, T3, MTG SIXPAD, Style Seat, and Slendertone; skin and hair care brands, such as John Masters Organics, Codage, and Institut Karite Paris; and lifestyle brands that include Apple and DJI. The company’s Investments division is involved in real estate and property investments in Australia, the People’s Republic of China, Japan, and Singapore. It invests in real estate and other investment opportunities, which include property-backed financial instruments. This division also engages in the origination, execution, and management of investment opportunities; and development and management of retirement living resorts in under the GemLife brand. It is also involved in the property development activities. The company was incorporated in 1993 and is based in Singapore. Thakral Corporation Ltd is a subsidiary of Prime Trade Enterprises Limited.

Details
Name: Thakral Corporation Ltd
THK1
Exchange: DB
Founded: 1993
SGD35,302,796
130,860,616
Website: http://www.thakralcorp.com
Address: Thakral Corporation Ltd
No 03-06 The Riverwalk,
20 Upper Circular Road,
Singapore,
058416,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX AWI Ordinary Shares Singapore Exchange SG SGD 02. Jan 1996
DB THK1 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1996
Number of employees
Current staff
Staff numbers
0
Thakral employees.
Industry
Distributors
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 22:09
End of day share price update: 2020/04/02 00:00
Last earnings filing: 2020/02/26
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.