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Sri Lanka Equity Forum » Stock Market Talk » Bairaha Farms PLC

Bairaha Farms PLC

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1 Bairaha Farms PLC on Tue May 10, 2016 9:39 am

EquityChamp

avatar
Moderator
Principle Business Activities
Production of broiler day old chicks, chicken processing and manufacture of pre-cooked meats.

Industry Outlook
The future of poultry industry is very positive with growing demand for poultry products on the back of expensive alternate meats as well as fish in Sri Lanka. The players are preparing to expand the current capacity to cater for the increased demand.

Financial Analysis
The company has recorded a compounded quarterly revenue growth of 7% over the past four quarters and increased the PAT margin to 16% in Q4 15 from a low of 2% in Q4 14. This improvement was mainly attributable the decline in key raw material prices.
Rs mnQ4 14Q1 15Q2 15Q3 15Q4 15Q1 16 F
Revenue       808        927        933        942   1,059    1,133
Revenue growth 14.7%0.6%1.0%12.4%7.0%
PAT1395144143166178
PAT margin1.6%10.2%15.4%15.2%15.7%15.7%
I expect BFL to post a PAT of Rs 178mn for Q1 16 and to record a PAT of 631 mn which will be a growth of 294% YoY. The company has generated a healthy ROE of 28% in Q4 15 while the 4Q trailing EPS stood @ Rs34.2.

Share Valuation
The stock is currently trading at a trailing PE of 5.3x @ CMP of 182. Considering the market PE and the future growth of the profitability BFL carries a high intrinsic value compared to current price levels hence investors are advised to collect the stock and hold for at least in the medium term.

Thanks

2 Re: Bairaha Farms PLC on Thu May 12, 2016 2:22 pm

kassachandi


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
For me this is another GEM. Has to past atl least 200 levels now. Keep in mind this will produce a great performance this quarter with a EPS of more than 35 and also the dividend is coming in this month.

3 Re: Bairaha Farms PLC on Thu May 12, 2016 4:51 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Fourth quarter earnings are the determinant. BFL should fly high if EC's forecast for the 4th quarter is accomplished.
Another strong indicator to measure the financial strength & the sustainability of BFL is the ratio of net cash flow generated from operations per share. Some analyst believe cash flow measure is more difficult to alter than vulnerable earnings per share.

4 Re: Bairaha Farms PLC on Thu May 12, 2016 5:11 pm

EquityChamp

avatar
Moderator
Yes, agree with Worthi, I didn't mention the OCF per share here is BFL has strong cashflow and I believe on their accounting so I had no doubts that their earnings are genuine. I always keep a track of cashflow in analysing any of the companies.

5 Re: Bairaha Farms PLC on Thu May 12, 2016 6:04 pm

kassachandi


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
BFL was trading @200+ in January. Where as TAFL was 125 those days.Investors has still chance to collect this poultry giant BFL to make a healthy capital gain and also a dividend

6 Re: Bairaha Farms PLC on Thu May 12, 2016 6:29 pm

kcrRanz


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@kassachandi wrote:BFL was trading @200+ in January. Where as TAFL was 125 those days.Investors has still chance to collect this poultry giant BFL to make a healthy capital gain and also a dividend

Then What about GRAN? BFL trading @ 185/=   to reach 200/= its only 15 rs.  When we apply this theory to GRAN its 2 times better than the BFL gain.

7 Re: Bairaha Farms PLC on Thu May 12, 2016 6:58 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@kcrRanz wrote:
@kassachandi wrote:BFL was trading @200+ in January. Where as TAFL was 125 those days.Investors has still chance to collect this poultry giant BFL to make a healthy capital gain and also a dividend

Then What about GRAN? BFL trading @ 185/=   to reach 200/= its only 15 rs.  When we apply this theory to GRAN its 2 times better than the BFL gain.


Yes. But Gran has some selling pressure. but BFL does not have that much

just 100K trade then BFL will be over 190

8 Re: Bairaha Farms PLC on Thu May 12, 2016 8:17 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
guys careful with Crape promoters. some share 100 yanawa kiya kiyanawa ewa patta craps

always try to buy Fundamental share.

Price you Paid Value you get

9 Re: Bairaha Farms PLC on Thu May 12, 2016 8:37 pm

karuna


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Chicken family can up but just in case market drop experience selling order will increase.  After your ptofit reduce unexpectedly but if you can hold 5 years u can get good profit

10 Re: Bairaha Farms PLC on Thu May 12, 2016 9:32 pm

SLBOY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
If market crash sceptical should have been crash definitely. so there is no logical point and trying to justify the scepticals again in other ways.

11 Re: Bairaha Farms PLC on Thu May 12, 2016 9:57 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
BFL 10 days and 50 Days Moving AVG


BFL dividend and Financial report on the way.  

12 Re: Bairaha Farms PLC on Fri May 13, 2016 2:06 am

Teller

avatar
Moderator
3 major Indian poultry producers are going to enter Sri Lankan markets. There will be a big competition . we can get some benifits as customers.

13 Re: Bairaha Farms PLC on Fri May 13, 2016 2:29 am

kassachandi


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Teller starts again Very Happy

14 Re: Bairaha Farms PLC on Fri May 13, 2016 2:37 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Teller wrote:3 major Indian  poultry producers  are going to enter Sri Lankan markets. There will be a big competition .  we can get some benifits as customers.


maybe they will buy stocks  Very Happy Very Happy

please give me a link about this matter

15 Re: Bairaha Farms PLC on Fri May 13, 2016 2:40 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Last few Months EquityChamp Promotions are perfect. will see about BFL

Hexp ela kri stock ekak
BFL jarawak Very Happy Very Happy

BFL thawa aurudak dekak mama thiyagannam. ethakota honda ganakata dunnaki. aulak naha

Aiyai Malli dan ekata wada wage.

16 Re: Bairaha Farms PLC on Fri May 13, 2016 9:19 am

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
New comers to poultry industry from overseas have to face tight competition with established industrial brands in the country. Moreover, no immediate effect on ongoing poultry market as the market entrance & placement takes considerable time. New comers may be looking for export oriented products as our local consumer population is not large.

17 Re: Bairaha Farms PLC on Fri May 13, 2016 12:31 pm

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics
This should move vey soon

18 Re: Bairaha Farms PLC on Tue May 17, 2016 12:58 pm

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics
BFL a good buy @180. A value stock to me with great quarter report and the dividend is due this month

19 Re: Bairaha Farms PLC on Fri May 20, 2016 6:12 pm

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics
BFL has to touch at least 200 levels in the coming days with this super consistent performance and also with the dividend

20 Re: Bairaha Farms PLC on Fri May 20, 2016 7:41 pm

EquityChamp

avatar
Moderator
BFL has fall short of my expectation coz they didn't report any satisfactory revenue growth QoQ but the other two did. Also their cost has increased in this quarter. Need to study about this latest development before coming into conclusions of the future price.

21 Re: Bairaha Farms PLC on Sat Apr 15, 2017 4:49 pm

dow

avatar
Manager - Equity Analytics
Manager - Equity Analytics
BFL has started next journey.

its a good time to buy it. 
whats ur opinion EC come on.

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