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QuestionsCategory: Financials QuadrantBreadtalk – (1) DPR (Exclude Extra Ord Item) & (2) Previous Years Share Price
James Tay asked 2 years ago

I have just completed Breadtalk 2018 financial quadrant excel spreadsheet and like to check the following: 
(1) For Dividend Payout Ratio (Exclude Extraordinary Item), the figure I gotten is 206.3%. Is this correct? 
(2) For the past years share price to be key in the excel, for eg 2017, 2016 and so forth, which share price do I use? And where I can get the figure? 

Jieren Zheng replied 2 years ago

For (2), I would use the last day of the annual report closing as well as the closing price for that day via Yahoo Finance etc.

Breadtalk I think use Cashflows would be better due to high depreciation (if my memory serves).

Hope it helps.

Victor Chng replied 2 years ago

Thank you Jieren

1 Answers
Victor Chng answered 2 years ago

Hi James,

Breadtalk’s profit attributed to shareholder is around $15.2m

 

Extraordinary item is other income of $31.2m – $19.6m (management fee income) – $3m (rental income) = $8.6m – Do note that management fee income and rental income is their main business too.

 

Hence, the profit excluding extraordinary item should be around $6.6m which work to a EPS of roughly $0.012

 

Dividend per share is around $0.015 hence the payout ratio work out to be 125%.
Do note that Breadtalk is more of a growth company hence dividend is a secondary thing to look at.

As for question number 2 is as what Jieren had explained.