Jumbo 42R FY18 Report

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Jumbo group posted profit of $11 mil. Lower profit of $3,450,000 in FY18. (Down 23.8% from FY17)


Jumbo had sent their shareholders a package consist of Annual report, Calendar with discount coupons and Chinese New Year ang bao packet.

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Jumbo Shareholders Report

Jumbo Restaurants

Jumbo has 12 outlets, 6 in Singapore with the latest addition in Ion Orchard, 4 in Shanghai, 1 in Beijing and 1 in Xi an. There are another 5 franchise outlets, 1 in Ho Chi Minh, 2 in Taipei, 1 in Fuzhou and lastly 1 in Bangkok.

jumbo outlet
Jumbo Outlets

Jumbo also own Singaporean culinary heritage dishes Ng Ah Sio Bak Kut Teh. There are 4 outlets in Singapore and 1 in Taipei.

ngahsio
https://www.ngahsio.com

Financial Highlight

Jumbo net revenue have climbed up steadily year after year. $97.6 mil in FY13 to $153 mil in FY18 around 67% increase. Fun fact, Jumbo sells more than 1.8 tonnes of crab each day. Assuming one crab is 1.5kg, Jumbo sold more than 1200 crabs per day.

revenue
YoY Revenue

Jumbo net profit $95 mil in FY18 an increase of 5.5% from FY17 $145 mil. The employee benefits have seen a significant increase of 13.7% to $47 mil. Averaging per employee receive a yearly salary of $39,586. This makes me wonder if Jumbo overpaying their staffs.

Profit for the year also drop 29.4% to $10 mil compared to FY17 $15 mil.

pnl
P&L FY18 and FY17

Conclusion

Jumbo is currently trading at high valuation price. P/E Ratio 22.8% and P/B 3.90. Jumbo IPO at $0.25 and i think a fair value to enter is around $0.35 or below. One good point is that they are debtless.

Author: The Financial Guy

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