Tribhovandas Bhimji Zaveri Analysis

dividend

Pros

• Dividends paid are well covered by earnings (4x coverage).
• Tribhovandas Bhimji Zaveri's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).

Cons

• Tribhovandas Bhimji Zaveri has only been paying a dividend for 8 years, and since then there has been no growth.
• Tribhovandas Bhimji Zaveri has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
• Tribhovandas Bhimji Zaveri's dividend is below the markets top 25% of dividend payers in India (3.08%).

health

Pros

• Tribhovandas Bhimji Zaveri is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
• Tribhovandas Bhimji Zaveri is profitable, therefore cash runway is not a concern.
• Tribhovandas Bhimji Zaveri is profitable, therefore cash runway is not a concern.
• Debt is well covered by operating cash flow (29.1%, greater than 20% of total debt).
• Debt is covered by short term assets, assets are 2.3x debt.
• Tribhovandas Bhimji Zaveri's cash and other short term assets cover its long term commitments.
• The level of debt compared to net worth has been reduced over the past 5 years (126.9% vs 117.8% today).

Cons

• Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).
• Tribhovandas Bhimji Zaveri's level of debt (117.8%) compared to net worth is high (greater than 40%).
• High level of physical assets or inventory.

management

Pros

• The tenure for the Tribhovandas Bhimji Zaveri board of directors is about average.
• Shrikant's compensation has been consistent with company performance over the past year, both up more than 20%.
• The average tenure for the Tribhovandas Bhimji Zaveri management team is over 5 years, this suggests they are a seasoned and experienced team.

Cons

• Shrikant's remuneration is higher than average for companies of similar size in India.

misc

Pros

Cons

• Tribhovandas Bhimji Zaveri is not covered by any analysts.
• Tribhovandas Bhimji Zaveri has significant price volatility in the past 3 months.

past

Pros

• Tribhovandas Bhimji Zaveri's year on year earnings growth rate has been positive over the past 5 years.
• Tribhovandas Bhimji Zaveri has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
• Tribhovandas Bhimji Zaveri's earnings growth has exceeded the IN Specialty Retail industry average in the past year (17.1% vs 16.8%).

Cons

• Tribhovandas Bhimji Zaveri's 1-year earnings growth is less than its 5-year average (17.1% vs 17.4%)
• Tribhovandas Bhimji Zaveri used its assets less efficiently than the IN Specialty Retail industry average last year based on Return on Assets.
• Tribhovandas Bhimji Zaveri has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).

value

Pros

• Tribhovandas Bhimji Zaveri's share price is below the future cash flow value, and at a moderate discount (> 20%).
• Tribhovandas Bhimji Zaveri's share price is below the future cash flow value, and at a substantial discount (> 40%).
• Tribhovandas Bhimji Zaveri is good value based on assets compared to the IN Specialty Retail industry average.
• Tribhovandas Bhimji Zaveri is good value based on earnings compared to the IN Specialty Retail industry average.
• Tribhovandas Bhimji Zaveri is good value based on earnings compared to the India market.
• TBZ outperformed the Specialty Retail industry which returned -63.5% over the past year.
• NSEI:TBZ is up 40.1% outperforming the Specialty Retail industry which returned 12.6% over the past month.
• NSEI:TBZ is up 40.1% outperforming the market in India which returned 8% over the past month.

Cons

• TBZ underperformed the Market in India which returned -14.5% over the past year.