BFL vs TAFL

dmjesua · 1 GRAN and TAFL Results- pre annoucement Mon Feb 28, 2011 4:05 pm

dmjesua

Senior Equity Analytic

Posts : 83
Equity Stars : 4970
Reputation : 1
Join date : 2011-01-21

http://www.cse.lk/cmt/upload_report_file/491_1298883846432.pdf
http://www.cse.lk/cmt/upload_report_file/491_1298883846432.pdf

GRAN 4th= 3.42
3rd=2.42
2nd=1.59
1st=0.96

TAFL
EPS 4st =5.29
EPS 3rd =3.37
EPS 2nd =1.04
EPS 1st =0.02

Last edited by dmjesua on Mon Feb 28, 2011 4:25 pm; edited 2 times in total (Reason for editing : Add new data)

Slstock · 2 GRAN and TAFL Results- pre annoucement Mon Feb 28, 2011 4:05 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13362
Reputation : 1158
Join date : 2011-01-22

Courtesy Slstock.. as part of community service Laughing

Not announced yet

GRAN
3month EPS: 3.42
12Month EPs : 8.39

TAFL
3 Month : 5.29
12 Month : 9.73

Last edited by Quibit on Mon Feb 28, 2011 4:22 pm; edited 1 time in total (Reason for editing : format condensed)

Slstock · 3 Re: BFL vs TAFL Mon Feb 28, 2011 4:07 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13362
Reputation : 1158
Join date : 2011-01-22

http://www.cse.lk/cmt/upload_report_file/671_1298883753234.pdf

http://www.cse.lk/cmt/upload_report_file/491_1298883846432.pdf

Last edited by Quibit on Mon Feb 28, 2011 4:23 pm; edited 1 time in total (Reason for editing : format condensed)

dmjesua · 4 Wow... what a growth Mon Feb 28, 2011 4:11 pm

dmjesua

Senior Equity Analytic

Posts : 83
Equity Stars : 4970
Reputation : 1
Join date : 2011-01-21

EPS 4st =5.29
EPS 3rd =3.37
EPS 2nd =1.04
EPS 1st =0.02

Quibit · 5 Re: BFL vs TAFL Mon Feb 28, 2011 4:23 pm

Quibit

Senior Vice President - Equity Analytics

Posts : 2661
Equity Stars : 11266
Reputation : 380
Join date : 2010-05-08

Thanks... slstock

Quibi

Monster · 6 BFL vs TAFL Mon Feb 28, 2011 4:29 pm

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 8170
Reputation : 279
Join date : 2011-01-22

I have just analyzed both BFL and TAFL.

BFL
03/2010 --> 4.45
06/2010 --> 6.51
09/2010 --> 7.15
12/2010 --> 10.24

Annual EPS --> 28.35
Current Market Price --> 407.00
Current PER --> 407/28.35 = 14.36

NVPS --> 70.41
PBV --> 407/70.41 = 5.78

TAFL
03/2010 --> 0.02
06/2010 --> 1.07
09/2010 --> 4.43
12/2010 --> 5.29

Annual EPS --> 10.81
Current Market Price --> 185.00
Current PER --> 185/10.81 = 17.11

NVPS --> 17.67
PBV --> 185/17.67 = 10.47

BFL is still attractive than TAFL at the current market price.

wiser · 7 Re: BFL vs TAFL Mon Feb 28, 2011 4:41 pm

wiser

Senior Manager - Equity Analytics

Posts : 391
Equity Stars : 5324
Reputation : 22
Join date : 2011-02-03

seems TAFL & GRAN both are over valued. Correct me if I'm wrong

Monster · 8 Re: BFL vs TAFL Mon Feb 28, 2011 4:43 pm

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 8170
Reputation : 279
Join date : 2011-01-22

ETF is missing from the TOP 20 list in TAFL. They have made a bad decision. Razz

Perpetual Capital and Perpetual Asset Management are entered to the list.

dmjesua · 9 Re: BFL vs TAFL Mon Feb 28, 2011 4:49 pm

dmjesua

Senior Equity Analytic

Posts : 83
Equity Stars : 4970
Reputation : 1
Join date : 2011-01-21

Hi,

wiser wrote:seems TAFL & GRAN both are over valued. Correct me if I'm wrong

Both are growing companies. See, quarter to quarter they are growing. We have to use PEG ratio to analyze these type of stocks.

mono · 10 Re: BFL vs TAFL Mon Feb 28, 2011 4:59 pm

mono

Vice President - Equity Analytics

Posts : 1167
Equity Stars : 6280
Reputation : 93
Join date : 2011-01-21
Age : 102

at the end of the day both of these look attractive at these prices considering the future of these industries.

hotstock · 11 Re: BFL vs TAFL Mon Feb 28, 2011 5:03 pm

hotstock

Manager - Equity Analytics

Posts : 265
Equity Stars : 5207
Reputation : 3
Join date : 2011-01-27

if we apply 20 PE

TAFL 216
BFL 567

Can we consider PE 20 for food sector?

Also PEG for both should be below 1 considering the growth potential...

nonstop · 12 Re: BFL vs TAFL Mon Feb 28, 2011 5:13 pm

nonstop

Equity Analytic

Posts : 21
Equity Stars : 4855
Reputation : 0
Join date : 2011-02-08

TAFL is a turn around company and on forward earnings looks very attractive.

If you look at BFL, it is at about 10 times forward earning and TAFL is at about 8.5 times. Both look very good to me.

I am looking at forward earnings because I am expecting more growth from bothe these companies. Therefore, (5.29 x 4)/185 is approx 8.5
BFL - (10 x 4) / 405 = approx. 10

Both look solid in a growing industry and a growing economy.

wiser · 13 Re: BFL vs TAFL Mon Feb 28, 2011 5:14 pm

wiser

Senior Manager - Equity Analytics

Posts : 391
Equity Stars : 5324
Reputation : 22
Join date : 2011-02-03

yes BFL still Undervalue.

nonstop · 14 Re: BFL vs TAFL Mon Feb 28, 2011 5:14 pm

nonstop

Equity Analytic

Posts : 21
Equity Stars : 4855
Reputation : 0
Join date : 2011-02-08

Doesn't look overvalued. I am expecting a run on TAFL.

Monster · 15 Re: BFL vs TAFL Mon Feb 28, 2011 5:18 pm

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 8170
Reputation : 279
Join date : 2011-01-22

mono wrote:at the end of the day both of these look attractive at these prices considering the future of these industries.

No two words. Both are undervalued when we consider PEG. But they do they increase their production according to the market need? We have seen BFL started a new project.

http://www.cse.lk/cmt/uploadAnnounceFiles/1851292483169_452.pdf

So, I expect more growth from BFL than TAFL in the future.

smallville · 16 Re: BFL vs TAFL Mon Feb 28, 2011 5:39 pm

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10094
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

Monster wrote:

mono wrote:at the end of the day both of these look attractive at these prices considering the future of these industries.

No two words. Both are undervalued when we consider PEG. But they do they increase their production according to the market need? We have seen BFL started a new project.

http://www.cse.lk/cmt/uploadAnnounceFiles/1851292483169_452.pdf

So, I expect more growth from BFL than TAFL in the future.

Positive thinking. I like it Cool

Now u may consider the expected earnings from their new project, tax free farm.. No tax means its just the profit they have to mark.. and mind u.. for how long.. a whooping 10yrs it is? Even the normal production falls, this will add an added benefit to the bottom line.. Now we're certain that for 10yrs the production is gonna benefit from the new farm..
That itself is an attractive factor for an investment consideration.. Counter looks promising as a long term investment, aint it?

Look at TAFL, we can only think they're gonna produce more good results next qtrs.. but its not a guaranteed thing.. We yet to hear their new projects, developments, etc.. So for the moment.. Yes.. both are attractive.. but we have a certain revenue generator in the list ;-)

smallville · 17 Re: BFL vs TAFL Mon Feb 28, 2011 5:46 pm

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10094
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

Given the facts to what extent the poultry industry can boom benefiting from tourists arrival, etc.. its not a good idea to say these 2 are overvalued.. Last time when I checked BFL was in a greater extent to have more profits than these 2 with the tax free farm production..
But it doesn't mean GRAN & TAFL are not good.. In fact the whole poultry sector is gonna enjoy more benefits in future with their developments.. We're in the worldcup season now so this may bring additional revenue for both hotel industry and poultry due to increase in consumption.. Not only these, the entire F&B sector is gonna benefit thru this..

I wish if GRAN & TAFL can announce their new projects soon.. so we can think of these two as well..

Monster · 18 Re: BFL vs TAFL Mon Feb 28, 2011 6:09 pm

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 8170
Reputation : 279
Join date : 2011-01-22

These two shares have great potential in the future. We should hold these for next five years. Basketball

hotstock · 19 Re: BFL vs TAFL Mon Feb 28, 2011 6:24 pm

hotstock

Manager - Equity Analytics

Posts : 265
Equity Stars : 5207
Reputation : 3
Join date : 2011-01-27

Time to go for some split boys..

Stockmate · 20 Re: BFL vs TAFL Mon Feb 28, 2011 6:26 pm

Stockmate

Manager - Equity Analytics

Posts : 193
Equity Stars : 5099
Reputation : 8
Join date : 2011-02-02
Location : Gampaha

BFL
03/2010 --> 4.45
06/2010 --> 6.51
09/2010 --> 7.15
12/2010 --> 10.24
According to above data we can expect above 10 Rs quarterly EPS in 2011. Most possibly BFL will come up with above 40 annual EPS in 2011.
As the best performance is to come in future with the new BOI approved venture in Anamaduwa above 700Rs price is very possible.
( 40EPS* 20=800Rs)

dmjesua · 21 Re: BFL vs TAFL Mon Feb 28, 2011 6:53 pm

dmjesua

Senior Equity Analytic

Posts : 83
Equity Stars : 4970
Reputation : 1
Join date : 2011-01-21

BFL
03/2010 --> 4.45
06/2010 --> 6.51
09/2010 --> 7.15
12/2010 --> 10.24
Annual--~ 28.35

NEST
03/2010 --> 8.98
06/2010 --> 7.73
09/2010 --> 10.63
12/2010 --> 7.85
Annual--~35.19

If we consider same P/E for NEST and BFL
BFL price should be 680 / 35.19 * 28.35 = 548.00
But, if you compare the earning pattern BFL is MORE WORTH THAN NEST. So, it should trade above NEST. That means more than 680/=. If we add the new farm project earning... Price should be more than......????

econ · 22 Re: BFL vs TAFL Mon Feb 28, 2011 7:02 pm

econ

Global Moderator

Posts : 1479
Equity Stars : 8413
Reputation : 94
Join date : 2011-01-27

Results are as expected. TAFL archived over 5 EPS. and gran near 3.5 EPS.
So all poultry sector companies are very attractive. we can expect more more growth from all 3 companies.

$$$ · 23 Re: BFL vs TAFL Mon Feb 28, 2011 8:23 pm

$$$

Senior Manager - Equity Analytics

Posts : 304
Equity Stars : 5203
Reputation : 24
Join date : 2011-01-27

Results as expected we now need to look at the next few months and factor in the best possible scenario of the poultry sector which looks extremely promising. One thing I can say is this is not the last of the chickens expect more runs , periodical contractions but over all growth coupled with some splits this is still a good sector to be in .

salt · 24 Re: BFL vs TAFL Mon Feb 28, 2011 8:55 pm

salt

Vice President - Equity Analytics

Posts : 1345
Equity Stars : 7803
Reputation : 90
Join date : 2011-01-31

I saw couple of comments on new projects. This is typical mantalaty of people who have been brainwashed by some people( no need to mantion the name).

Looks ta the finance reports... these kind of projects on going in nature, once ther capacity reached full utilisation , they go for new one. so, this time it happned to BFL and they went. At GRANor TAFL, still there capacity of newly done project there to be ustlised.Tax holidays are not new things for BOI projects... Do you really think other competitors are STUPID?

It is how the industry works... you should be mindfull of whether BFL is acquirng the market share from TAFL. It's not happning....Is it heppening?

Those comments brings out the immaturity of investors and they don't know how this industry works. Moreover, you should not be thinking that single sector in the value chain will share a dispropotionate portion of the value.

mono · 25 Re: BFL vs TAFL Mon Feb 28, 2011 9:18 pm

mono

Vice President - Equity Analytics

Posts : 1167
Equity Stars : 6280
Reputation : 93
Join date : 2011-01-21
Age : 102

The thing with stuff like chicken is that the market as a whole is expanding. More and more people are eating chicken for a variety of reasons that i'm not going to go to here.

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

BFL vs TAFL

1 GRAN and TAFL Results- pre annoucement Mon Feb 28, 2011 4:05 pm

dmjesua

2 GRAN and TAFL Results- pre annoucement Mon Feb 28, 2011 4:05 pm

Slstock

3 Re: BFL vs TAFL Mon Feb 28, 2011 4:07 pm

Slstock

4 Wow... what a growth Mon Feb 28, 2011 4:11 pm

dmjesua

5 Re: BFL vs TAFL Mon Feb 28, 2011 4:23 pm

Quibit

6 BFL vs TAFL Mon Feb 28, 2011 4:29 pm

Monster

7 Re: BFL vs TAFL Mon Feb 28, 2011 4:41 pm

wiser

8 Re: BFL vs TAFL Mon Feb 28, 2011 4:43 pm

Monster

9 Re: BFL vs TAFL Mon Feb 28, 2011 4:49 pm

dmjesua

10 Re: BFL vs TAFL Mon Feb 28, 2011 4:59 pm

mono

11 Re: BFL vs TAFL Mon Feb 28, 2011 5:03 pm

hotstock

12 Re: BFL vs TAFL Mon Feb 28, 2011 5:13 pm

nonstop

13 Re: BFL vs TAFL Mon Feb 28, 2011 5:14 pm

wiser

14 Re: BFL vs TAFL Mon Feb 28, 2011 5:14 pm

nonstop

15 Re: BFL vs TAFL Mon Feb 28, 2011 5:18 pm

Monster

16 Re: BFL vs TAFL Mon Feb 28, 2011 5:39 pm

smallville

17 Re: BFL vs TAFL Mon Feb 28, 2011 5:46 pm

smallville

18 Re: BFL vs TAFL Mon Feb 28, 2011 6:09 pm

Monster

19 Re: BFL vs TAFL Mon Feb 28, 2011 6:24 pm

hotstock

20 Re: BFL vs TAFL Mon Feb 28, 2011 6:26 pm

Stockmate

21 Re: BFL vs TAFL Mon Feb 28, 2011 6:53 pm

dmjesua

22 Re: BFL vs TAFL Mon Feb 28, 2011 7:02 pm

econ

23 Re: BFL vs TAFL Mon Feb 28, 2011 8:23 pm

$$$

24 Re: BFL vs TAFL Mon Feb 28, 2011 8:55 pm

salt

25 Re: BFL vs TAFL Mon Feb 28, 2011 9:18 pm

mono

26 Re: BFL vs TAFL

Sponsored content

New topics