- With the recent flurry of companies restructuring and breaking up to create shareholder value, we conducted a theoretical study to identify the intrinsic value of individual business segments within the DFI Retail Group (SGX:D01) as standalone entities.
- - Read this at SGinvestors.io -
- health & beauty (H&B),
- home improvement,
- restaurants, and
- others (listed equity shareholdings).
- Sum-of-the-parts (SOTP) valuation suggests a price of US$4.10 to US$$6.41 per share, significantly above the current DFI Retail's share price, or a 30%-110% upside. Using a SOTP-based valuation, we determined the base case equity value to be US$7.0bn, which represents a value of US$5.16 per share.
- - Read this at SGinvestors.io -
- In the following section, we will discuss our outlook and how we value DFI's each individual business segment
1) Food – leading food retailer in Hong Kong & Singapore
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Andy SIM CFA DBS Group Research | Zheng Feng CHEE DBS Research | https://www.dbs.com/insightsdirect/ 2023-04-24
Read also DBS's most recent report:
2023-07-31 DFI Retail Group - Up, Up & Away; Health & Beauty Was The Star.
Price targets by 3 other brokers at DFI Retail Target Prices.
Listing of research reports at DFI Retail Analyst Reports.
Relevant links:
DFI Retail Share Price History,
DFI Retail Announcements,
DFI Retail Dividends & Corporate Actions,
DFI Retail News Articles
