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MarketScreener Homepage  >  Equities  >  DUBAI INTERNATIONAL FINANCIAL EXCHANGE LTD.  >  DP World PLC    DPW   AEDFXA0M6V00

DP WORLD PLC

(DPW)
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DP World : Buys 77% Stake in Feedertech Group

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12/03/2019 | 02:37am EST

By Ian Walker

DP World (DPW.NDB) said Tuesday that it has bought a 77% stake in Feedertech Group through its subsidiary Unifeeder.

The Dubai-based port operator hasn't disclosed the price but said it is less than 1% of DP World's net asset value, which was $12.13 billion as of June 30.

Feedertech Group--a Singapore-based company that was founded in 2003--includes two business units: Feedertech, a feedering service, and Perma, a regional shortsea network. It generates annual revenues of over $100 million.

The remaining shareholding in Feedertech will be owned by its founder Ali Maghami, who will remain involved in the business, DP World said.

Write to Ian Walker at ian.walker@wsj.com

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Financials (USD)
Sales 2019 7 502 M
EBIT 2019 1 983 M
Net income 2019 1 172 M
Debt 2019 12 155 M
Yield 2019 3,50%
P/E ratio 2019 8,98x
P/E ratio 2020 8,67x
EV / Sales2019 3,00x
EV / Sales2020 2,53x
Capitalization 10 325 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Average target price 21,78  $
Last Close Price 12,44  $
Spread / Highest target 123%
Spread / Average Target 75,0%
Spread / Lowest Target 36,7%
EPS Revisions
Managers
NameTitle
Sultan Ahmed Sultan bin Sulayem Group Chairman & Chief Executive Officer
Yuvraj Narayan Group Chief Financial Officer & Executive Director
Chin Seng Teo Senior Vice President-Information Technology
Deepak Shantilal Parekh Senior Independent Non-Executive Director
Robert Barclay Woods Independent Non-Executive Director