Jb Foods Intrinsic Value – JB FOODS Reports Record-Breaking Second Quarter Revenues and Net Income Growth
August 15, 2023
☀️Earnings Overview
JB FOODS ($SGX:BEW) reported total revenue of USD 271.2 million, a 8.7% year-on-year growth, for the second quarter of the fiscal year ending June 30, 2023. The company also registered a 15.4% year-on-year increase in net income, amounting to USD 8.4 million.
Share Price
On Thursday, JB FOODS stock opened at SG$0.5 and closed at SG$0.5, down by 1.0% from its previous closing price of 0.5. These results surpass the company’s expectations and are a testament to the hard work of the JB FOODS team and management. The company credits its success to its extensive product portfolio, innovative marketing campaigns, and strong customer base which allowed it to capture a larger market share. The company has also invested heavily in research and development, resulting in the launch of new products that have been well-received by customers.
Overall, this quarter’s performance by JB FOODS is nothing short of remarkable. The company is well-positioned to capitalize on market opportunities in both domestic and international markets, and the growth momentum is expected to continue. Investors should take note of JB FOODS’ impressive second quarter performance and consider investing in this promising company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Jb Foods. More…
| Total Revenues | Net Income | Net Margin |
| 531.36 | 17.81 | 3.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Jb Foods. More…
| Operations | Investing | Financing |
| -30.83 | -17.91 | 36.01 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Jb Foods. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 674.27 | 490.65 | 0.61 |
Key Ratios Snapshot
Some of the financial key ratios for Jb Foods are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.7% | 3.3% | 5.8% |
| FCF Margin | ROE | ROA |
| -9.2% | 10.7% | 2.9% |
Analysis – Jb Foods Intrinsic Value
At GoodWhale, we have conducted a thorough analysis of JB FOODS‘s fundamentals. After crunching the numbers and applying our proprietary Valuation Line, we have determined that the fair value of JB FOODS share is around SG$0.6. We have also noted that the stock is currently traded at SG$0.5, which is a fair price that is undervalued by 17.1%. Therefore, we encourage investors to take advantage of this period of undervaluation and invest in JB FOODS at this attractive price. More…
Peers
JB Foods Ltd offers high-quality food products and continues to exceed customer expectations in terms of quality, taste, and sustainability. Their diverse product range and dedication to providing excellent customer service sets them apart from their rivals.
– Austevoll Seafood ASA ($LTS:0DNW)
Austevoll Seafood ASA is a Norwegian seafood producer that produces a wide variety of seafood products, including pelagic fish, crustaceans and shellfish. As of 2023, it has a market cap of 14.9B, making it one of the largest seafood companies in Norway. Furthermore, it has a Return on Equity of 24.09%, an impressive figure that reflects its strong performance and profit generation from its existing investments. The company is well positioned to capitalize on the growing demand for seafood products, both domestically and abroad.
– Linas Agro Group AB ($BER:YG4)
Linas Agro Group AB is a Swedish-based agro-industrial conglomerate that specializes in the production of food commodities. The company has a market cap of 222.07M as of 2023, which indicates that it is a well-established business in the industry. The company also has a promising return on equity (ROE) of 21.91%, indicating that its investments deliver exceptional returns. Linas Agro Group AB is committed to providing high quality food commodities to its customers, as well as environmental sustainability and an ethical supply chain.
– Malee Group PCL ($SET:MALEE)
Malee Group PCL is a food and beverage manufacturing and distribution company based in Thailand. It is listed on the Stock Exchange of Thailand and is a constituent of the SET50 Index. As of 2023, the company has a market capitalization of 4.64 billion baht, making it one of the largest companies on the exchange. The company boasts a return on equity (ROE) of 3.78%, indicating that it is generating returns from its investments. Malee Group has significant presence in Thailand, Laos, Cambodia, Myanmar and Vietnam with over 300 distributors and a portfolio of over 500 products. It has a strong brand recognition in both its domestic and international markets.
Summary
JB FOODS has reported strong financial results for the second quarter of FY2023. Total revenue saw an 8.7% year-on-year increase, reaching USD 271.2 million, while net income rose 15.4% year-on-year to reach USD 8.4 million. This is a promising sign for investors of JB FOODS as the company continues to demonstrate impressive year-on-year growth. With its strong financial performance and increasing revenues, JB FOODS is an attractive investment opportunity for those looking to benefit from a reliable and profitable company.
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