DUTCH LADY MILK INDUSTRIES BHD
KLSE (MYR): DLADY (3026)
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Last Price
31.00
Today's Change
-0.20 (0.64%)
Day's Change
30.60 - 31.36
Trading Volume
27,400
Financial
Market Cap
1,984 Million
NOSH
64 Million
Latest Quarter
30-Jun-2024 [#2]
Announcement Date
21-Aug-2024
Next Quarter
30-Sep-2024
Est. Ann. Date
22-Nov-2024
Est. Ann. Due Date
29-Nov-2024
QoQ | YoY
-17.33% | -9.13%
Revenue | NP to SH
1,460,961.000 | 88,317.000
RPS | P/RPS
2,282.75 Cent | 1.36
EPS | P/E | EY
138.00 Cent | 22.46 | 4.45%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
7.34 | 4.22
QoQ | YoY
-2.45% | 139.06%
NP Margin | ROE
6.05% | 18.80%
F.Y. | Ann. Date
30-Jun-2024 | 21-Aug-2024
Latest Audited Result
31-Dec-2023
Announcement Date
25-Apr-2024
Next Audited Result
31-Dec-2024
Est. Ann. Date
25-Apr-2025
Est. Ann. Due Date
29-Jun-2025
Revenue | NP to SH
1,442,823.000 | 72,394.000
RPS | P/RPS
2,254.41 Cent | 1.38
EPS | P/E | EY
113.10 Cent | 27.41 | 3.65%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
6.83 | 4.54
YoY
56.46%
NP Margin | ROE
5.02% | 16.56%
F.Y. | Ann. Date
31-Dec-2023 | 20-Feb-2024
Revenue | NP to SH
1,447,290.000 | 97,394.000
RPS | P/RPS
2,261.39 Cent | 1.37
EPS | P/E | EY
152.20 Cent | 20.37 | 4.91%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
-8.66% | 48.6%
NP Margin | ROE
6.73% | 20.73%
F.Y. | Ann. Date
30-Jun-2024 | 21-Aug-2024
Show?
| Last 10 FY Result | ||||||||||||||
| AQR | T4Q | 31/12/23 | 31/12/22 | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 31/12/17 | 31/12/16 | 31/12/15 | 31/12/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,447,290 | 1,460,961 | 1,442,823 | 1,339,410 | 1,133,733 | 1,100,659 | 1,066,662 | 1,048,568 | 1,064,536 | 1,047,725 | 1,001,663 | 1,000,244 | 4.15% | |
| PBT | 128,574 | 115,815 | 96,493 | 54,559 | 284,525 | 97,511 | 137,600 | 171,292 | 157,519 | 197,982 | 188,737 | 148,423 | -4.66% | |
| Tax | -31,180 | -27,498 | -24,099 | -8,288 | -36,525 | -24,148 | -34,642 | -41,843 | -39,802 | -48,908 | -47,757 | -38,582 | -5.09% | |
| NP | 97,394 | 88,317 | 72,394 | 46,271 | 248,000 | 73,363 | 102,958 | 129,449 | 117,717 | 149,074 | 140,980 | 109,841 | -4.52% | |
| - | ||||||||||||||
| NP to SH | 97,394 | 88,317 | 72,394 | 46,271 | 248,000 | 73,363 | 102,958 | 129,449 | 117,717 | 149,074 | 140,980 | 109,841 | -4.52% | |
| - | ||||||||||||||
| Tax Rate | 24.25% | 23.74% | 24.97% | 15.19% | 12.84% | 24.76% | 25.18% | 24.43% | 25.27% | 24.70% | 25.30% | 25.99% | - | |
| Total Cost | 1,349,896 | 1,372,644 | 1,370,429 | 1,293,139 | 885,733 | 1,027,296 | 963,704 | 919,119 | 946,819 | 898,651 | 860,683 | 890,403 | 4.90% | |
| - | ||||||||||||||
| Net Worth | 469,760 | 469,760 | 437,119 | 396,799 | 382,720 | 166,399 | 144,639 | 105,599 | 104,319 | 165,759 | 157,440 | 156,800 | 12.05% | |
| Equity | ||||||||||||||
| AQR | T4Q | 31/12/23 | 31/12/22 | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 31/12/17 | 31/12/16 | 31/12/15 | 31/12/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Worth | 469,760 | 469,760 | 437,119 | 396,799 | 382,720 | 166,399 | 144,639 | 105,599 | 104,319 | 165,759 | 157,440 | 156,800 | 12.05% | |
| NOSH | 64,000 | 64,000 | 64,000 | 64,000 | 64,000 | 64,000 | 64,000 | 64,000 | 64,000 | 64,000 | 64,000 | 64,000 | 0.00% | |
| Ratio Analysis | ||||||||||||||
| AQR | T4Q | 31/12/23 | 31/12/22 | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 31/12/17 | 31/12/16 | 31/12/15 | 31/12/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NP Margin | 6.73% | 6.05% | 5.02% | 3.45% | 21.87% | 6.67% | 9.65% | 12.35% | 11.06% | 14.23% | 14.07% | 10.98% | - | |
| ROE | 20.73% | 18.80% | 16.56% | 11.66% | 64.80% | 44.09% | 71.18% | 122.58% | 112.84% | 89.93% | 89.55% | 70.05% | - | |
| Per Share | ||||||||||||||
| AQR | T4Q | 31/12/23 | 31/12/22 | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 31/12/17 | 31/12/16 | 31/12/15 | 31/12/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RPS | 2,261.39 | 2,282.75 | 2,254.41 | 2,092.83 | 1,771.46 | 1,719.78 | 1,666.66 | 1,638.39 | 1,663.34 | 1,637.07 | 1,565.10 | 1,562.88 | 4.15% | |
| EPS | 152.20 | 138.00 | 113.10 | 72.30 | 387.50 | 114.60 | 160.90 | 202.30 | 183.90 | 232.90 | 220.30 | 171.60 | -4.52% | |
| DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 220.00 | 220.00 | - | |
| NAPS | 7.34 | 7.34 | 6.83 | 6.20 | 5.98 | 2.60 | 2.26 | 1.65 | 1.63 | 2.59 | 2.46 | 2.45 | 12.05% | |
| Adjusted Per Share Value based on latest NOSH - 64,000 | ||||||||||||||
| AQR | T4Q | 31/12/23 | 31/12/22 | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 31/12/17 | 31/12/16 | 31/12/15 | 31/12/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RPS | 2,261.39 | 2,282.75 | 2,254.41 | 2,092.83 | 1,771.46 | 1,719.78 | 1,666.66 | 1,638.39 | 1,663.34 | 1,637.07 | 1,565.10 | 1,562.88 | 4.15% | |
| EPS | 152.20 | 138.00 | 113.10 | 72.30 | 387.50 | 114.60 | 160.90 | 202.30 | 183.90 | 232.90 | 220.30 | 171.60 | -4.52% | |
| DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 220.00 | 220.00 | - | |
| NAPS | 7.34 | 7.34 | 6.83 | 6.20 | 5.98 | 2.60 | 2.26 | 1.65 | 1.63 | 2.59 | 2.46 | 2.45 | 12.05% | |
| Price Multiplier on Financial Quarter End Date | ||||||||||||||
| AQR | T4Q | 31/12/23 | 31/12/22 | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 31/12/17 | 31/12/16 | 31/12/15 | 31/12/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Date | 28/06/24 | 28/06/24 | 29/12/23 | 30/12/22 | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 29/12/17 | 30/12/16 | 31/12/15 | 31/12/14 | - | |
| Price | 36.18 | 36.18 | 23.16 | 30.24 | 33.52 | 37.50 | 49.10 | 62.00 | 62.00 | 55.56 | 47.76 | 42.40 | - | |
| P/RPS | 1.60 | 1.58 | 1.03 | 1.44 | 1.89 | 2.18 | 2.95 | 3.78 | 3.73 | 3.39 | 3.05 | 2.71 | -10.18% | |
| P/EPS | 23.77 | 26.22 | 20.47 | 41.83 | 8.65 | 32.71 | 30.52 | 30.65 | 33.71 | 23.85 | 21.68 | 24.70 | -2.06% | |
| EY | 4.21 | 3.81 | 4.88 | 2.39 | 11.56 | 3.06 | 3.28 | 3.26 | 2.97 | 4.19 | 4.61 | 4.05 | 2.09% | |
| DY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.61 | 5.19 | - | |
| P/NAPS | 4.93 | 4.93 | 3.39 | 4.88 | 5.61 | 14.42 | 21.73 | 37.58 | 38.04 | 21.45 | 19.41 | 17.31 | -16.56% | |
| Price Multiplier on Announcement Date | ||||||||||||||
| AQR | T4Q | 31/12/23 | 31/12/22 | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 31/12/17 | 31/12/16 | 31/12/15 | 31/12/14 | CAGR | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Date | 21/08/24 | 21/08/24 | 20/02/24 | 24/02/23 | 23/02/22 | 25/02/21 | 25/02/20 | 27/02/19 | 27/02/18 | 28/02/17 | 23/02/16 | 24/02/15 | - | |
| Price | 32.02 | 32.02 | 23.70 | 30.10 | 32.22 | 34.98 | 44.50 | 63.42 | 69.90 | 54.58 | 52.00 | 46.06 | - | |
| P/RPS | 1.42 | 1.40 | 1.05 | 1.44 | 1.82 | 2.03 | 2.67 | 3.87 | 4.20 | 3.33 | 3.32 | 2.95 | -10.83% | |
| P/EPS | 21.04 | 23.20 | 20.95 | 41.63 | 8.31 | 30.52 | 27.66 | 31.36 | 38.00 | 23.43 | 23.61 | 26.84 | -2.71% | |
| EY | 4.75 | 4.31 | 4.77 | 2.40 | 12.03 | 3.28 | 3.62 | 3.19 | 2.63 | 4.27 | 4.24 | 3.73 | 2.76% | |
| DY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.23 | 4.78 | - | |
| P/NAPS | 4.36 | 4.36 | 3.47 | 4.85 | 5.39 | 13.45 | 19.69 | 38.44 | 42.88 | 21.07 | 21.14 | 18.80 | -17.10% | |
PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.
NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.
Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.
All figures in '000 unless specified.
Discussions
10 people like this. Showing 50 of 1,648 comments
Why act rich act poor..
Buy stock for investment earning money...
Watang people a lot, invest people very less
2 months ago
I hv sold my DLady at 37.40 mark my 2999 trades win..
Japanese old lady dompeilee, you can come back to kutuk the stock you like..
I don't haunt you here :)
2 months ago
@CharlieM not unreasonable time line.. Probably a RM70 by year end is possible.
Puts is squarely on a 40x PE at a RM110m profit , annualised PAT for Q1 of RM27m which I can only expect to improve in the coming quarters.
2 months ago
Dlady next QR estimated to be on 22 Aug. Expect another rally if result is good.
1 month ago
Farm fresh has been innovating and expanding it's product line like crazy. Don't see the same level of creativity from Dutch lady.is this a good thing or bad thing , I don't know. A wider line of products means higher wastage and may not scale., but then again it opens up the opportunity of higher margin.
I don't know to be happy or sad with FFB. Hopefully it doesn't impact Dutch lady that much since it doesn't have butter or ice cream
1 month ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
I don't think this is a zero sum gain.
The competitors in this segment are Nestle, F&N and DLady. FFB is a newcomer, yet to be proven but cannot be dismissed lightly too.
1 month ago
FFB Rev is already RM800m whilst DLSB is RM1.4b. The difference is FFB took only a few years whilst DLSB has been here for decades. Hope it doesnt turn into a Nokia story , failing to innovate.
1 month ago
alternatively, they should sell more beyond just the Malaysian market. Their new facility has the capacity. Just need to further market it to other countries. Receiving foreign currency would be good as well.
1 month ago
dun worry act rich investor Dlady,, this stock will keep going up downturn is limit, everyone is taking at least 1 of their product daily. so sleep well, no worries , just keep comment only and earn dream div.
1 month ago
34.40.. time to buy. Soon will be go back to 38.. before new high 40.. by end of August.
1 month ago
wake up act rich investors . Dlady N Nestle is moving north. enjoy yr dream profit and dividend
1 month ago
Cover Story: A fruitful 1H, with most counters in The Edge’s portfolio charting positive returns
The Edge Malaysia
11 Jul 2024
Dutch Lady has been added to the list this time around as the dairy company ramps up production following the completion of its halal IR4.0 manufacturing facility DLMI@Enstek in Bandar Enstek, Negeri Sembilan. The added capacity should translate into higher revenue.
Dutch Lady’s RM540 million investment in the manufacturing facility with export capacity was funded internally, and the completion of the new plant could lead to a higher dividend payout for its shareholders in the near future. In the last three financial years, the company has paid out RM32 million in net dividends, translating into dividend payout ratios of 12.9%, 69.11% and 44.2% for FY2021 to FY2023 respectively.
In 1QFY2024, it reported a net profit of RM26.66 million. Annualised, this amounts to RM107 million. However, downside risks include higher accelerated depreciation from its Petaling Jaya plant and one-off costs related to the move to Bandar Enstek, fluctuating foreign exchange rates, variable commodity prices and potential shifts in regulatory frameworks.
https://theedgemalaysia.com/node/717447
1 month ago
ASB is still selling, wait for opportunity like when EPF was selling last time.
3 weeks ago
Dlady will be impacted by 52% diesel rise eat into profit
Do not catch 🔪
After breaking Rm30 it will fall to Rm25
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-01-16-story-h-210439465-WHEN_BUBBLE_BURSTED_DON_T_CATCH_FALLING_KNIFE_STAY_SAFEST_IN_PALM_OIL_C
2 weeks ago
Wow! Japanese nikkei crashing 12%...
The old Japanese lady didn't show off her 1000 winning trade in Nikkie today?
Hahaha....!
2 weeks ago
will Q2 results be bad as they have been writing down all their plant as they have moved to new plant... or will the Festival Sales is high to push sales and profit up?
2 weeks ago
anyone can share abt tax rate they will pay as they will a huge capital allowance and pay zero tax?
2 weeks ago
Dlady is a good buy long term but currently ASB is selling. Ideally you want to buy when ASB has stop selling..
2 weeks ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Be greedy when everyone is fearful.
2 weeks ago
USD against RM dropped to 4.38 today. Expect gross margin would be much better in 4th Quarter QR.
6 days ago
Be careful of 3iii or iinvestbodoh
.he told all to chase Dlady over Rm73
Now dlady rebounded little yet still lost 50%
So do not listen to iinvestbodoh..
Better sell dlady as Govt increased diesel tax by 52%
The milk truck that transport milk by Dlady will now see higher cost
So it will eat into Dlady profits
Sell now and buy stocks in East Malaysia where there is no 52% diesel price hike
4 days ago
3iii caused investlah people to lost all their money till investlah closed shop
See
Iinvestbodoh = www.investlah.com
4 days ago
dlady results out
year on year profit dropped
now this result reports April to June qtr
and results can only get worst as June 2024 implement diesel
price rise
sell dlady faster as results will get from bad to worst
https://www.bangkokpost.com/world/2807834/malaysia-begins-diesel-subsidy-reforms-prices-to-rise-50-monday
4 days ago
just bought yesterday... now so much of negativity by #Calvin... I see the results as very positive. even after booking a 15M accelerated depreciation, its EPS is 30 sen or else could have been 50+ sen. Did I read it wrongly? Next year no more accelerated depreciation as new factory is ready.
4 days ago
“On a like-for-like basis, operating profit excluding accelerated depreciation and one-off costs stands at RM45.2 million, reflecting a substantial 19.7% increase compared to the same quarter in 2023.”
4 days ago
One off costs for relocation and dismentling of old factory is expected to incur for 3rd Qtr 24 Qtr and 4th Qtr 24. Better earnings due to RM strengthing against US will be reflected in 4th Qtr 24 for offseting final one off costs.
3 days ago
In average, 40% (Intercompany purchases/Revenue) of the materials is purchased from overseas (monther company) in Holand.
3 days ago
Next year they going to build Dedicated Centralised Distribution Center. This company going to be big in 2026.
3 days ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
>>>
CharlieM
“On a like-for-like basis, operating profit excluding accelerated depreciation and one-off costs stands at RM45.2 million, reflecting a substantial 19.7% increase compared to the same quarter in 2023.”
17 hours ago
>>>
This statement in the latest quarterly report shows its business operation is improving.
Read Common Stocks and Uncommon Profits by Philip Fisher. In the book, he described why he loved a company that had to spend a lot of money to build up its manufacturing facilities and in the interim reported challenging earnings. Going forward, there will still be more expenses to put the whole factory in efficient operation. After that, DLady will be firing on all 4 cyclinders (hopefully ;-) )
3 days ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Many institutions sold DLady when it cut its dividends. These institutions were probably mandated to look at income in their portfolio.
The reason for the cut in dividends was obvious. DLady redirected this to fund its new factory in Negri Sembilan. Remarkably, it continues to pay dividends (though diminished) and has not borrowed heavily to fund the factory.
Once the factory is up and running, we can expect the dividends to increase again. But I should not be sharing this too openly as I wish for the stock price to be down since I like to buy grocery cheap. :-)
3 days ago
please do think very carefully
see two macro picture
1. In Peninsular (West Malaysia )
there is a 52% diesel price rise
as such all industries will be impacted by a corresponding rise of 5% to as high as 30%
these will see higher cost
1. property
2. construction
3. construction material
4.logistic that send goods by lorry or ships
5. consumer food and drink which are bulky
6. Toll road owners
as lorries now see higher operation cost by 52% they will make less trip so less collections from till
others
2. By Nov 2024 if Trump gets elected he will impose 10% tariff (tax) for all and for China it will be 60% tariff
so all industries related to export to USA will be hit
two things will hit all
a universal price rise caused by rise of diesel 52%
a universal tariff by USA from 10% to 60%
that is why it is of utmost safety to go invest in East Malaysia stocks which got no 52% diesel rise there
and palm oil export is more to India and China (not USA)
2 days ago
Net profit margin would be gradually recovered to the industry norm 10% from 6% existing level. It won't drag for long time since LHDN is keeping an eye on the transfer pricing policies. Haha
2 days ago
Number one rule, invest in good companies. Diesel cost affected the whole industry with physical products. So it’s a level playing field.
Increased in cost is mostly transferred to consumers. For consumer staples like milk, changes in demand would be minimum.
USD to MYR is down almost 10% from 4.77 to 4.37. That will translated into cost saving in the future. Dlady hedges forex 6 monthly.
2 days ago
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
CharlieM
Welcome to the club.. hope your acting is good too..
2 months ago