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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » BFL - DIFFERENT VIEW OF PERFORMANCE

BFL - DIFFERENT VIEW OF PERFORMANCE

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1BFL - DIFFERENT VIEW OF PERFORMANCE Empty BFL - DIFFERENT VIEW OF PERFORMANCE Wed Oct 21, 2015 12:15 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Look at BFL net cash flow generated from operations for six months ended for group & company comparing with 2014 year. There is a huge leap from negative to positive level recording cash flow generated per share of Rs.19.83 & Rs.15.8 respectively. This highlights the net cash generated per share that BFL had produced on per share basis. Even much debated unrealized negative goodwill has taken into account by the system of cash flow.

Analysts prefer & more weight given on net cash flow generated per share over earnings per share (EPS) in valuing the strength of any company. The reason is EPS could be manipulated by accounting gimmicks (window dressing) whereas cash is more difficult alter.


It is the strength shown in liquidity level where BFL is capable of meeting short term obligation, operational expenses & future expansions as well. This is a good sign of future growth of BFL provided management could continue good performance in next half of financial year, share value would be much appreciated by mid of year 2016. 

Good luck for poultry enthusiasts.

2BFL - DIFFERENT VIEW OF PERFORMANCE Empty Re: BFL - DIFFERENT VIEW OF PERFORMANCE Wed Oct 21, 2015 12:30 pm

raider


Manager - Equity Analytics
Manager - Equity Analytics
You are absolutely right Sir!

BFL can now settle debt, consider more working capital investment etc. which will further enhance their operating profits in the times to come.

3BFL - DIFFERENT VIEW OF PERFORMANCE Empty Re: BFL - DIFFERENT VIEW OF PERFORMANCE Wed Oct 21, 2015 1:04 pm

SLBOY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Dear Mr Worthiness .

Agreed. Though the group and company revenue increased by .97% and 9.19% their gross margin have increased 13.2% and 22.16% and NP by 22.16% and 216%.

4BFL - DIFFERENT VIEW OF PERFORMANCE Empty Re: BFL - DIFFERENT VIEW OF PERFORMANCE Wed Oct 21, 2015 2:10 pm

VALUEPICK

VALUEPICK
Expert
Expert
@worthiness wrote:Look at BFL net cash flow generated from operations for six months ended for group & company comparing with 2014 year. There is a huge leap from negative to positive level recording cash flow generated per share of Rs.19.83 & Rs.15.8 respectively. This highlights the net cash generated per share that BFL had produced on per share basis. Even much debated unrealized negative goodwill has taken into account by the system of cash flow.

Analysts prefer & more weight given on net cash flow generated per share over earnings per share (EPS) in valuing the strength of any company. The reason is EPS could be manipulated by accounting gimmicks (window dressing) whereas cash is more difficult alter.


It is the strength shown in liquidity level where BFL is capable of meeting short term obligation, operational expenses & future expansions as well. This is a good sign of future growth of BFL provided management could continue good performance in next half of financial year, share value would be much appreciated by mid of year 2016. 

Good luck for poultry enthusiasts.
Poultry group has long way to go. It is better to have slow and steady run. Poultry companies such as BFL, TAFL and GRAN will have some of the highest ROE (over 20) in the market. Many expected to break Rs.240 today. It is not going to pass today. It should pass at the correct time.
 
What we are seeing in them(BFL, TAFL & GRAN now?
 
Great value
some of the highest ROEs
Lower forward P/E ratios
Generating more cash
More demand for their products
Lower cost
 
It is time to refocus on this group now. 

5BFL - DIFFERENT VIEW OF PERFORMANCE Empty Re: BFL - DIFFERENT VIEW OF PERFORMANCE Wed Oct 21, 2015 2:39 pm

raider


Manager - Equity Analytics
Manager - Equity Analytics
I'm more than happy to collect BFL at slightly lower levels than CMP.

Sold half my holding in the morning expecting something like this but not a price dip this deep.

6BFL - DIFFERENT VIEW OF PERFORMANCE Empty Re: BFL - DIFFERENT VIEW OF PERFORMANCE Wed Oct 21, 2015 3:40 pm

EPS

EPS
Expert
Expert
It's true.
Now BFL is having very strong Balance Sheet.
Also, they mentioned, their new investment is under progress & constructions are going on. So, comming from next quarters, they will report its return. all signs are good for BFL.

also, NEXT TWO quarters are very important for BFL.
expecting more from Q3 and Q4. 
TOURIST arrival + X'MAS SEASON + FESTIVAL SEASON will hit the Q3 results.
Then Year ending biggest 4TH Quarter with Sinhala New year sales will hit with Q4 results.
So, I guess BFL is now position to produce more than 40 EPS for current financial year. I strongly belive BFL will trade above the Rs.400/- during early 2016.
-Goood Luck.

7BFL - DIFFERENT VIEW OF PERFORMANCE Empty Re: BFL - DIFFERENT VIEW OF PERFORMANCE Wed Oct 21, 2015 3:53 pm

EquityChamp

EquityChamp
Moderator
Moderator
I have posted about likely BFL profits for the full year in one of my posts. Ps go through it. I expect they are to report an EPS of 32. A higher than that will be an issue for them because they can't get a 10-15 percent growth in volumes at the moment.

8BFL - DIFFERENT VIEW OF PERFORMANCE Empty Re: BFL - DIFFERENT VIEW OF PERFORMANCE Wed Oct 21, 2015 4:24 pm

EPS

EPS
Expert
Expert
Can they get any benefit from New Investment ?

9BFL - DIFFERENT VIEW OF PERFORMANCE Empty Re: BFL - DIFFERENT VIEW OF PERFORMANCE Wed Oct 21, 2015 10:55 pm

VALUEPICK

VALUEPICK
Expert
Expert
Investment will bring long term growth. We saw some sort for pause in poultry stocks during last two to three weeks and it was very healthy for heated poultry stocks at that time. Time to time we can see profit taking from stocks as there are different types of traders in the market. Still major uptrend will be there for some strong stocks in the market. For example, we saw profit taking in counters such as REXP and TAFL etc before Rs.90, before Rs.100 before Rs.150 etc. Even there was heavy selling in Gran around Rs.80. However we have to have idea about its major uptrend. As long as we see strong earnings, strong industry outlook short term stock prices are not that important.  Investors will watch earnings growth in TAFL and GRAN next. Any surprise earnings could create another strong demand for poultry stocks. In short they have very attractive value and one of the lowest P/E ratios in the market now. We don't need to hurry to buy and sell stocks. More we do home work more we will benefit. Future strong earnings will drive stock prices further. We can get better decisions by studying crowd behaviour as well.

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