Old Chang Kee 会不会变成第二个BreadTalk?

一直觉得Old Chang Kee和BreadTalk的Business Model很像,都是可以在短时间内复制连锁开遍地的。 虽然Old Chang Kee没有BreadTalk规模大,但是它的Profit Margin却相当于BreadTalk的两倍。但不确定它是不是局限于当地文化,首推咖喱饺,旗下的小吃店也以当地特色为主。不像BreadTalk打着面包中的高大上旗号走红亚洲。而且油炸食品总觉得不益健康。但是Old Chang Kee却有它的忠实粉丝。晚上经常看到所剩食物寥寥无几。股票走势一直很健康,属于稳扎稳打型。由于BreadTalk最近琦火箭往上窜,已经不敢碰了。此时买进Old Chang Kee会是一个好选择么?看那些Financial ratio感觉好像价格已经很高了,不适合进吧。请牛人指点迷津!
从Shareinvestor复制的OldChangKeep资料共大家参考。
Historical Financials Profit & Loss (SGD '000)Hide Profit & Loss chartCreated with Highstock 1.3.9SGD '000Margin (%)Profit & LossRevenueExceptional ItemsProfit Before TaxProfit Attributable To ShareholdersNet Profit(Earnings) Margin [% Cash Flow (SGD '000)Hide Cash Flow chartCreated with Highstock 1.3.9Cash Generated (SGD '000)Cash & Cash Equivalent (SGD '000)Cash FlowNet Cash Generated From / (Used In) Operating ActivitiesNet Cash Generated From / (Used In) Investing ActivitiesNet Cash Generated From / (Used In) Financing ActivitiesCash And Cash Equivalents At EndFull Year Dec 2008Full Year Dec 2009Full Year Dec 2010Full Year Mar 2012Full Year Mar 2013-10k-5k0k5k10k15k0k5k10k15k20k25kFull Year Mar 2012Net Cash Generated From / (Used In) Investing Activities: -4,221   Per Share Data (Adjusted) [+] Earnings Per Share (EPS) - Adjusted [S$]
(Earnings/Latest Number Of Shares)0.04834 0.04265 0.04120 0.04005 0.03943 0.02762 Period-on-Period % Growth - Adjusted   +13.33% +3.52% +2.89% +1.57% +42.75% n.a. [+] Net Asset Value (NAV) Per Share - Adjusted [S$]
((Shareholders' Equity - Other Share Capital)/Latest Number Of Shares)
0.3340 0.2934 0.2771 0.2437 0.2156 0.1866 Period-on-Period % Growth - Adjusted   +13.81% +5.87% +13.72% +13.02% +15.52% n.a. [+] Net Tangible Asset (NTA) Per Share - Adjusted [S$]
((Shareholders' Equity - Other Share Capital - Intangible Assets)/Latest Number Of Shares)
0.3063 0.2631 0.2444 0.2112 0.1833 0.1539 Period-on-Period % Growth - Adjusted   +16.43% +7.65% +15.71% +15.23% +19.07% n.a. Valuation Ratios (Adjusted) [+] Price Earnings Ratio (PER) - Adjusted
(Price/Adjusted EPS)
30.62 34.70 35.92 36.96 37.54 53.59 Period-on-Period % Growth - Adjusted   -11.76% -3.40% -2.81% -1.54% -29.95% n.a. [+] Price/NAV - Adjusted
(Price/Adjusted NAV)
4.4317 5.0438 5.3401 6.0729 6.8637 7.9293 Period-on-Period % Growth - Adjusted   -12.14% -5.55% -12.07% -11.52% -13.44% n.a. [+] Price/NTA - Adjusted
(Price/Adjusted NTA)
4.8313 5.6251 6.0557 7.0072 8.0746 9.6148 Period-on-Period % Growth - Adjusted   -14.11% -7.11% -13.58% -13.22% -16.02% n.a. [+] Price/Revenue - Adjusted
(Price x Latest Number Of Shares/Revenue)
0.776 0.931 1.138 1.375 1.689 1.962 Period-on-Period % Growth - Adjusted   -16.62% -18.20% -17.22% -18.62% -13.89% n.a. [+] Price/Operating Cash Flow - Adjusted
(Price x Latest Number Of Shares/Operating Cash Flow)
5.743 7.841 8.489 10.497 9.768 12.716 Period-on-Period % Growth - Adjusted   -26.76% -7.64% -19.12% +7.46% -23.19% n.a. [+] Price/Free Cash Flow - Adjusted
(Price x Latest Number Of Shares/Free Cash Flow)
n.m. n.m. n.a. n.a. n.a. n.a. Period-on-Period % Growth - Adjusted   n.a. n.a. n.a. n.a. n.a. n.a. [+] Dividend Yield - Adjusted [%]
(Gross Dividend Per Share/Price)
1.217 0.878 0.674 0.676 0.562 0.564 Period-on-Period % Growth - Adjusted   +38.68% +30.19% -0.23% +20.25% -0.41% n.a. [+] Dividend Yield incl Special Dividend - Adjusted [%]
(Total Dividend Per Share/Price)
1.217 0.878 1.011 0.676 0.562 0.564 Period-on-Period % Growth incl Special Dividend - Adjusted   +38.68% -13.21% +49.65% +20.25% -0.41% n.a. Per Share Data (Historical) [+] Earnings Per Share (EPS) - Historical [S$]
(Based on weighted average number of shares over the period)
0.04830 0.04270 0.04120 0.04010 0.04740 0.03310 Period-on-Period % Growth - Historical   +13.11% +3.64% +2.74% -15.40% +43.20% n.a. [+] Net Asset Value (NAV) Per Share - Historical [S$]
(Based on number of shares at end of period)
0.3340 0.2940 0.2780 0.2440 0.2590 0.2230 Period-on-Period % Growth - Historical   +13.61% +5.76% +13.93% -5.79% +16.14% n.a. [+] Net Tangible Asset (NTA) Per Share - Historical [S$]
(Based on number of shares at end of period)
0.3061 0.2634 0.2450 0.2112 0.2204 0.1843 Period-on-Period % Growth - Historical   +16.25% +7.50% +15.98% -4.17% +19.57% n.a. Valuation Ratios (Historical)
 
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8 个回答

叶翠德

复制粘贴出来的东东太吓人了!发帖的时候明明是这样的!






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蒋洁雅

没研究过这两个,不过听说面包无语不靠面包赚钱。鼎泰丰什么的
才是摇钱树。。。

还有他的拉面,吐司什么的。

老曾记没法比吧。老曾记有什么呢?

真的没看过这两个股票,瞎说而已

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叶翠德

Breadtalk有
鼎泰丰,toast box,拉面玩家,大时代。接下来他们还会往房地产发展。老曾记有Curry Times, Mushroom Café, Take 5 and the Pie Kia shops只是更地方话,规模小,咱们不经常见。

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容艺

应该都是政府扶持的吧
听人讲起本地的政府扶持这种企业走国际化路线。以后应该会转移项目做其他的。

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云博

说到国际化
想起了老曾记在成都的悲惨下场……

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屈宝

面包无语在中国的店面总是排着队伍,粗且长。
几年前大概是2008年我看他报表,称中国业务占了一半。
你仔细看,会发现,凡是大购物中心,有面包无语的,一定有他家旗下的很多牌子,凑在一起,形成一个生态群落,吸引任何口味的人去吃。
例如面包无语+土司作坊+大时代+鼎泰丰+拉面玩家+Wendy's。。。。

老曾家,不知道有没有这个路数。

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容艺

成都我觉得选址不对
一线城市更好些。

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叶翠德

老曾家走的地方特色路线
走不了高大上的国际路线。实力也不比Breadtalk.但他们的价格在Breadtalk 坐火箭前很接近.而且老曾记一直很稳

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  • 叶翠德 提出于 2019-07-18 03:34