JBFCF - Jollibee Foods: Overseas Losses Overshadow Domestic Growth Potential
Elevator Pitch
Philippines-listed quick service restaurant chain operator Jollibee Foods Corporation (JBFCF) (JBFCY) [JFC:PM] currently trades at 28.9 times consensus forward FY2020 P/E which represents a discount to its historical 10-year average forward P/E of approximately 32 times. The stock also offers a consensus forward FY2020 dividend yields of 1.1%.
I assign a "Neutral" rating to Jollibee Foods. While I like Jollibee Foods Corporation for its dominance of the limited-service restaurant market in the Philippines and the market's future growth potential, I don't think the stock's forward P/E close to 30