Loading...

We've got a brand new version of Simply Wall St! Try it out

Koufu Group

SGX:VL6
Snowflake Description

Solid track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VL6
SGX
SGD422M
Market Cap
  1. Home
  2. SG
  3. Consumer Services
Company description

Koufu Group Limited, an investment holding company, manages and operates food courts and coffee shops in Singapore and Macau. The last earnings update was 31 days ago. More info.


Add to Portfolio Compare Print
VL6 Share Price and Events
7 Day Returns
-0.7%
SGX:VL6
-1.3%
SG Hospitality
-1.1%
SG Market
1 Year Returns
22.6%
SGX:VL6
-8.2%
SG Hospitality
0.7%
SG Market
VL6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Koufu Group (VL6) -0.7% -1.3% 3.4% 22.6% - -
SG Hospitality -1.3% -1.3% 4.3% -8.2% -4.7% -14.8%
SG Market -1.1% -1.2% 0.8% 0.7% 3.2% -7.1%
1 Year Return vs Industry and Market
  • VL6 outperformed the Hospitality industry which returned -8.2% over the past year.
  • VL6 outperformed the Market in Singapore which returned 0.7% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Koufu Group 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 Koufu Group 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 Koufu Group.

SGX:VL6 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year SG Government Bond Rate 1.8%

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 SGX:VL6
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 17%) (45.01%))
1.169
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.75% + (1.169 * 5.44%)
8.11%

Discounted Cash Flow Calculation for SGX:VL6 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Koufu Group 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.

SGX:VL6 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 8.11%)
2020 94.64 Est @ 32.29% 87.54
2021 116.52 Est @ 23.13% 99.70
2022 136.00 Est @ 16.72% 107.63
2023 152.63 Est @ 12.23% 111.73
2024 166.49 Est @ 9.08% 112.74
2025 177.95 Est @ 6.88% 111.46
2026 187.46 Est @ 5.34% 108.61
2027 195.46 Est @ 4.27% 104.74
2028 202.32 Est @ 3.51% 100.29
2029 208.35 Est @ 2.98% 95.53
Present value of next 10 years cash flows SGD1,039.00
SGX:VL6 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SGD208.35 × (1 + 1.75%) ÷ (8.11% – 1.75%)
SGD3,333.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD3,333.43 ÷ (1 + 8.11%)10
SGD1,528.42
SGX:VL6 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD1,039.00 + SGD1,528.42
SGD2,567.42
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD2,567.42 / 554.81
SGD4.63
SGX:VL6 Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD4.63
Current discount Discount to share price of SGD0.76
= -1 x (SGD0.76 - SGD4.63) / SGD4.63
83.6%

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

Current Discount
Amount off the current price Koufu Group is available for.
Intrinsic value
>50%
Share price is SGD0.76 vs Future cash flow value of SGD4.63
Current Discount Checks
For Koufu Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Koufu Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Koufu Group's share price is below the future cash flow value, and 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 Koufu Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Koufu Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:VL6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SGD SGD0.05
SGX:VL6 Share Price ** SGX (2019-12-05) in SGD SGD0.76
Singapore Hospitality Industry PE Ratio Median Figure of 20 Publicly-Listed Hospitality Companies 22.92x
Singapore Market PE Ratio Median Figure of 381 Publicly-Listed Companies 13.19x

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

** Primary Listing of Koufu Group.

SGX:VL6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:VL6 Share Price ÷ EPS (both in SGD)

= 0.76 ÷ 0.05

14.7x

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

  • Koufu Group is good value based on earnings compared to the SG Hospitality industry average.
  • Koufu Group is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does Koufu Group's expected growth come at a high price?
Raw Data
SGX:VL6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
4.2%per year
Singapore Hospitality Industry PEG Ratio Median Figure of 6 Publicly-Listed Hospitality Companies 2.99x
Singapore Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

SGX:VL6 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.7x ÷ 4.2%

3.53x

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

  • Koufu Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Koufu Group's assets?
Raw Data
SGX:VL6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SGD SGD0.17
SGX:VL6 Share Price * SGX (2019-12-05) in SGD SGD0.76
Singapore Hospitality Industry PB Ratio Median Figure of 31 Publicly-Listed Hospitality Companies 0.9x
Singapore Market PB Ratio Median Figure of 604 Publicly-Listed Companies 0.73x
SGX:VL6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:VL6 Share Price ÷ Book Value per Share (both in SGD)

= 0.76 ÷ 0.17

4.39x

* Primary Listing of Koufu Group.

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

  • Koufu Group is overvalued based on assets compared to the SG Hospitality industry average.
X
Value checks
We assess Koufu Group'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. Koufu Group has a total score of 3/6, 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 Koufu Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
4.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Koufu Group expected to grow at an attractive rate?
  • Koufu Group's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Koufu Group's earnings growth is positive but not above the Singapore market average.
  • Koufu Group's revenue growth is expected to exceed the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:VL6 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:VL6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 4.2%
SGX:VL6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 7.8%
Singapore Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Singapore Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 6.4%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 5.5%

*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
SGX:VL6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:VL6 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 282 48 31 2
2020-12-31 266 44 30 2
2019-12-31 243 39 29 2
2019-12-05
SGX:VL6 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-09-30 235 88 29
2019-06-30 231 71 26
2019-03-31 227 49 25
2018-12-31 225 33 25
2018-09-30 222 46 24
2018-06-30 220 47 27
2018-03-31 219 52 27
2017-12-31 218 51 27
2016-12-31 220 33 26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Koufu Group's earnings are expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
  • Koufu Group's revenue is expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).
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
SGX:VL6 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Koufu Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:VL6 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.06 0.06 0.05 2.00
2020-12-31 0.05 0.06 0.05 2.00
2019-12-31 0.05 0.05 0.05 2.00
2019-12-05
SGX:VL6 Past Financials Data
Date (Data in SGD Millions) EPS *
2019-09-30 0.05
2019-06-30 0.05
2019-03-31 0.05
2018-12-31 0.05
2018-09-30 0.05
2018-06-30 0.06
2018-03-31 0.06
2017-12-31 0.06
2016-12-31 0.05

*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.
  • Koufu Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Koufu Group'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 Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore 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.
Koufu Group has a total score of 3/6, 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 Koufu Group 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 Koufu Group's growth in the last year to its industry (Hospitality).
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.
  • Koufu Group's year on year earnings growth rate has been positive over the past 5 years.
  • Koufu Group's 1-year earnings growth exceeds its 5-year average (18.4% vs 4.7%)
  • Koufu Group's earnings growth has exceeded the SG Hospitality industry average in the past year (18.4% vs -19.5%).
Earnings and Revenue History
Koufu Group'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 Koufu Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:VL6 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 235.19 28.70 6.05
2019-06-30 231.41 26.27 7.67
2019-03-31 227.47 25.27 8.23
2018-12-31 224.78 24.51 8.30
2018-09-30 221.85 24.24 8.38
2018-06-30 219.86 26.69 7.42
2018-03-31 219.18 26.80 7.15
2017-12-31 217.57 26.87 6.95
2016-12-31 219.82 25.88 6.62
2015-12-31 202.59 20.61 6.34

*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.
  • Koufu Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Koufu Group used its assets more efficiently than the SG Hospitality industry average last year based on Return on Assets.
  • Koufu Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Koufu Group'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 Hospitality 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.
Koufu Group has a total score of 5/6, 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 Koufu Group'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 Koufu Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Koufu Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Koufu Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Koufu Group'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 22x 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 Koufu Group Company Filings, last reported 2 months ago.

SGX:VL6 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 96.76 4.87 96.46
2019-06-30 94.63 4.49 96.10
2019-03-31 94.12 4.63 98.73
2018-12-31 91.53 10.59 95.98
2018-09-30 89.74 4.78 90.84
2018-06-30 42.05 2.96 42.48
2018-03-31 43.12 1.76 53.04
2017-12-31 43.12 1.76 53.04
2016-12-31 102.89 16.75 62.42
2015-12-31 83.02 27.92 38.32
  • Koufu Group's level of debt (5%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Koufu Group's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (1809%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.6x coverage).
X
Financial health checks
We assess Koufu Group'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. Koufu Group has a total score of 3/6, 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 Koufu Group'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
3.16%
Current annual income from Koufu Group dividends. Estimated to be 3.35% next year.
If you bought SGD2,000 of Koufu Group shares you are expected to receive SGD63 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?
  • Koufu Group's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.55%).
  • Koufu Group's dividend is below the markets top 25% of dividend payers in Singapore (5.46%).
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
SGX:VL6 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 2 Analyst Estimates (S&P Global) See Below
Singapore Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 3.2%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 312 Stocks 4.1%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

SGX:VL6 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.03 1.00
2020-12-31 0.03 1.00
2019-12-31 0.03 1.00
2019-12-05
SGX:VL6 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-02-26 0.024 3.280
2018-11-09 0.020 3.212

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

  • It is too early to tell whether Koufu Group has stable dividend payments.
  • Koufu Group only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Koufu Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Koufu Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 Koufu Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Koufu Group 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 Koufu Group'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
Lim Pang
AGE 63
CEO Bio

Mr. Lim Pang serves as Executive Chairman and Chief Executive Officer of Koufu Group Limited and has been its Director since November 15, 2017. Mr. Pang is responsible for the overall management and operations of Group, setting and executing the strategic directions and expansion plans for the growth and development of Group, including sourcing for investment opportunities to promote the growth of Group’s business. Mr. Pang is one of the founding shareholders of Koufu Group. He has more than 27 years of experience in the F&B and food service management industry, and has been and continues to be instrumental to Group’s continued success and growth. Mr. Pang was awarded the Entrepreneur of the Year Award by the Rotary Club of Singapore and the Association of Small & Medium Enterprises in 2004. He was awarded the Public Service Medal by the Prime Minister’s Office of Singapore for his commendable public service in 2010 and 2014 respectively, and recognised by the Ministry of Education for his contribution and support in the education field in 2012 and 2016. Mr. Pang is currently the President of the Hainan Business Club (Singapore), President of the Qionghai Association (Singapore), Vice-President of the Singapore Hainan Hwee Kuan, Vice-President of the World Qionghai Countrymen’s Association and the Honorary President of The Federation of Merchants’ Association, Singapore. He serves as Director of 1983 F&B Pte. Ltd., Abundance Holdings Pte. Ltd., Koufu Gourmet Pte. Ltd., Delijoy Pte. Ltd., Elemen F&B Pte. Ltd., Hawker Management Pte. Ltd., Koufu F&B Investment Pte. Ltd., Super Tea (S) Pte. Ltd., Hock Kee F&B Pte. Ltd., Woodlands 548 Foodcourt Pte. Ltd., Koufu Macau Limited and R&B (Macau) Ltd. He serves as Director of Jun Yuan Holdings Pte Ltd, Abundance Realty Pte. Ltd., Abundance Development Pte. Ltd., Abundance Property (Hainan) Pte. Ltd., Abundance Australia Investment Pty Ltd, S M C Food 21 Pte. Ltd., Fong Yu Investments Pte. Ltd., United Alliance Commerce Sdn Bhd, Ruby Premium Sdn Bhd, The Kongzi Culture Fund Ltd. and Yuying Secondary School Limited. He served as Director of Happy Hawkers Limited, Zheng Wei F&B Pte. Ltd. and Koufu WTS Pte. Ltd. He is also currently the Vice Chairman of the General Affairs Committee of the Singapore Chinese Chamber of Commerce & Industry and a Council Member of the Singapore Federation of Chinese Clan Associations. Mr. Pang is also the Vice-Chairman of the Yuying Secondary School Management Committee and a member of the Pei Chun Public School Management Committee.

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

Average tenure and age of the Koufu Group management team in years:

1.5
Average Tenure
52
Average Age
  • The average tenure for the Koufu Group management team is less than 2 years, this suggests a new team.
Management Team

Lim Pang

TITLE
Executive Chairman & CEO
AGE
63

Sher Lin Chua

TITLE
Chief Financial Officer
AGE
39
TENURE
4.3 yrs

Teck Chuan Choo

TITLE
Chief Operating Officer
AGE
52
TENURE
1.7 yrs

Hoon-Tien Ng

TITLE
Executive Director
AGE
52

Poh-Cheong Tham

TITLE
Chief Strategy Officer
AGE
56
TENURE
1.3 yrs

Lian Ng

TITLE
Head of Procurement

Hai Seah

TITLE
Company Secretary
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Koufu Group board of directors in years:

1.7
Average Tenure
62
Average Age
  • The average tenure for the Koufu Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Lim Pang

TITLE
Executive Chairman & CEO
AGE
63

Hoon-Tien Ng

TITLE
Executive Director
AGE
52
TENURE
2.1 yrs

Laiboon Yu

TITLE
Lead Independent Director
AGE
55
TENURE
1.9 yrs

Huay Lim Tan

TITLE
Independent Non-Executive Director
AGE
62
TENURE
1.5 yrs

Yun Daming Hoon

TITLE
Independent Non-Executive Director
AGE
67
TENURE
1.5 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 (SGD) Value (SGD)
22. Jan 19 Sell Jun Yuan Holdings Pte Ltd Company 22. Jan 19 22. Jan 19 -7,000,000 SGD0.63 SGD-4,409,997
20. Dec 18 Buy Jun Yuan Holdings Pte Ltd Company 19. Dec 18 19. Dec 18 58,700 SGD0.61 SGD36,011
18. Dec 18 Buy Jun Yuan Holdings Pte Ltd Company 17. Dec 18 17. Dec 18 161,300 SGD0.60 SGD97,235
12. Dec 18 Buy Jun Yuan Holdings Pte Ltd Company 11. Dec 18 11. Dec 18 150,000 SGD0.11 SGD16,357
X
Management checks
We assess Koufu Group'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. Koufu Group 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

Is It Smart To Buy Koufu Group Limited (SGX:VL6) Before It Goes Ex-Dividend?

Koufu Group's next dividend payment will be S$0.01 per share. … Earnings per share growth has been growing somewhat, and Koufu Group is paying out less than half its earnings and cash flow as dividends. … We would prefer to see earnings growing faster, but the best dividend stocks over the long term typically combine significant earnings per share growth with a low payout ratio, and Koufu Group is halfway there.

Simply Wall St -

Do You Like Koufu Group Limited (SGX:VL6) At This P/E Ratio?

We'll apply a basic P/E ratio analysis to Koufu Group Limited's (SGX:VL6), to help you decide if the stock is worth further research. … Koufu Group has a price to earnings ratio of 15.01, based on the last twelve months. … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Koufu Group: P/E of 15.01 = SGD0.71 ÷ SGD0.047 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good?

Simply Wall St -

Koufu Group (SGX:VL6) Has A Pretty Healthy Balance Sheet

We can see that Koufu Group Limited (SGX:VL6) does use debt in its business. … SGX:VL6 Historical Debt, July 18th 2019 How Strong Is Koufu Group's Balance Sheet? … While Koufu Group has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance.

Simply Wall St -

Is Koufu Group Limited's (SGX:VL6) 27% ROE Better Than Average?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Koufu Group: 27% = S$25m ÷ S$94m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Combining Koufu Group's Debt And Its 27% Return On Equity While Koufu Group does have a tiny amount of debt, with debt to equity of just 0.049, we think the use of debt is very modest. … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Is Koufu Group Limited (SGX:VL6) A Great Dividend Stock?

Could Koufu Group Limited (SGX:VL6) be an attractive dividend share to own for the long haul? … Conclusion To summarise, shareholders should always check that Koufu Group's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend. … Overall we think Koufu Group is an interesting dividend stock, although it could be better.

Simply Wall St -

A Close Look At Koufu Group Limited’s (SGX:VL6) 14% ROCE

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Koufu Group: 0.14 = S$32m ÷ (S$333m - S$109m) (Based on the trailing twelve months to March 2019.) So, Koufu Group has an ROCE of 14%. … Do Koufu Group's Current Liabilities Skew Its ROCE? … The Bottom Line On Koufu Group's ROCE Koufu Group's ROCE does look good, but the level of current liabilities also contribute to that.

Simply Wall St -

Is Koufu Group Limited's (SGX:VL6) Stock Available For A Good Price After Accounting For Growth?

Looking at Koufu Group Limited’s (SGX:VL6) fundamentals some investors are wondering if its last closing price of SGD0.79 represents a good value for money for this high growth stock. … See our latest analysis for Koufu Group? … According to the analysts covering the company, the following few years should bring about good growth prospects for Koufu Group

Simply Wall St -

What Should Investors Know About Koufu Group Limited's (SGX:VL6) Earnings Trend?

The most recent earnings release Koufu Group Limited's (SGX:VL6) announced in December 2018a

Simply Wall St -

Is Koufu Group Limited’s (SGX:VL6) 29% ROCE Any Good?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Here's What Koufu Group Limited's (SGX:VL6) P/E Ratio Is Telling Us

We'll show how you can use Koufu Group Limited's (SGX:VL6) P/E ratio to inform your assessment of the investment opportunity. … Koufu Group has a P/E ratio of 12.53, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

Koufu Group Limited, an investment holding company, manages and operates food courts and coffee shops in Singapore and Macau. The company operates through two segments, Outlet & Mall Management and F&B Retail. The Outlet & Mall Management segment operates 46 food courts, 15 coffee shops, 1 hawker center, and 1 commercial mall in Singapore, as well as 1 food court in Macau. The F&B Retail segment operates 69 food and beverage stalls, 9 food and beverage kiosks, 8 quick service restaurants, and 3 full-service restaurants in Singapore, as well as 2 food and beverage stalls, and 1 food and beverage kiosk in Macau. The company operates food courts under the Koufu, Rasapura Masters, Cookhouse, Fork & Spoon, and Gourmet Paradise brands; coffee shops under the Happy Hawkers, R&B Tea, and 1983-A Taste Of Nanyang brands; full service restaurants under the Elemen brand; quick service restaurants under the Grove, 1983-Coffee & Toast, and Supertea brands; and commercial mall under the Punggol Plaza brand. It also franchises or licenses its brands. The company was founded in 2002 and is based in Singapore. Koufu Group Limited is a subsidiary of Jun Yuan Holdings Pte Ltd.

Details
Name: Koufu Group Limited
VL6
Exchange: SGX
Founded: 2002
SGD421,658,412
554,813,700
Website: http://www.koufu.com.sg
Address: Koufu Group Limited
18 Woodlands Terrace,
Singapore,
738443,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX VL6 Ordinary Shares Singapore Exchange SG SGD 18. Jul 2018
Number of employees
Current staff
Staff numbers
1,259
Koufu Group employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 13:03
End of day share price update: 2019/12/05 00:00
Last estimates confirmation: 2019/11/06
Last earnings filing: 2019/11/04
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.