National Flour Q1 profit is Buy Rated

National Flour closed at a 52 weeks high on Tuesday at $1.70.

National Flour closed at a 52 weeks’ high of $1.70 Tuesday.

National Flour Mills reported profit of TT$21.8 million in 2014 for the full year but just reported a big jump in profit for the March quarter of $9 million, just under 50 percent of the full year’s results, the company’s latest results battered the $1.9 million made in 2014 first quarter.
Earnings per share ended at 7 cents for the quarter, if the trend continues the company should generate around 30 cents per share in profits for 2015.
The 2015 results flowed from a 21 percent increase in revenues to reach $121.5 million. Improved efficiency resulted in gross profit margin jumping to 24.5 percent from 18 percent in 2014. Administrative expenses jumped sharply in the quarter over that of 2014 by 77 percent to $11.9 million, while selling and distribution cost rose by 20.5 percent to $7.9 million.
National Flour generated $14.9 million in cash flows in the quarter but used it to fund increased working capital needs. In Addition it used up some of the cash funds it had on hand at the end of 2014 totalling $43 million to pay down the loans, reducing loans from $122 million to $94 million, leaving $19 million in cash at the end of March.
The stock which is listed on the Trinidad and Tobago Stock exchange closed on Tuesday at $1.70 but is selling at a low PE of just 5.6 times this year’s earnings, making it extremely cheap based on Trinidad’s usually high multiples that tends to be in the high teens.
Based on the 2015 results reported and our projection for the full year, IC Insider has elevated the National Flour status, to Buy Rated.

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  1. […] National Flour Mills reported a 200 percent jump in profit for the six months to June to $20.57 million versus only $6.79 […]

  2. […] to 1,961.59 and the Cross Listed Index gained 0.07 points to close at 45.47. Gains| In trading, National Flour closed with 29,416 shares trading for 4 cents higher at $2.10. Declines| First Citizens lost 45 […]

  3. […] Index advanced by 0.06 points to 1,970.61 and the Cross Listed Index remained at 46.37. Gains| National Flour Mills had 41,051 shares changing hands, climbed 5 cents to end at $2.05 and Prestige Holdings traded at […]

  4. […] trading. Firm Trades| Stocks closing with prices unchanged at the end of trading are contributing National Flour had 3,728 shares to end at $2.05, Massy Holdings traded 100 shares to close at $64.34, National […]

  5. […] Cross Listed Index remained at 46.45. Gains| The only stocks increasing in price at the close is National Flour trading 1,000 shares to close with a gain of 5 cents at new 52 weeks’ high of $2.05. Declines| […]

  6. […] close at 1,968.86 and the Cross Listed Index fell by a mere 0.02 points to end at 46.06. Gains| National Flour Mills was the only stock increasing in price at the close, with 2,770 shares changing hands, to gain of 8 […]

  7. […] Caribbean Cement and Carreras to name a few. Over in Trinidad, Guardian Holdings is undervalued but National Flour is severely undervalued, Trinidad Cement is a huge buy with much upside potential especially with […]

  8. […] by a mere 0.13 points to end at 45.84. Gains| Stocks increasing in price at the close are, National Flour traded 9,352 shares to close with a gain of 3 cents to close at a 52 weeks’ high of $1.73. Point […]

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