Express Catering Ltd (JSE:ECL)

Company

ECL is a Public company on the Jamaica Stock Exchange (JSE Junior Market).

Last closed on 2017-09-21 at
JSE - J$4.47 0.22% +0.01
Opened at : 4.46.

Trading History & Performance

Period% MovementHistorical Prices
(m/y)*
Total Volume TradedDays Traded
(U/D/F/NT/T)
WTD+0.90%4.43 Sep/17164,5502 / 2 / 0 / 0 / 4
MTD+3.00%4.34 Aug/17785,5795 / 9 / 1 / 0 / 15
YTD+198.00% Dec/16207,602,16617 / 24 / 1 / 1 / 42
YTD 2016Pro1Pro1Pro1Pro1

KEY: U / D / F / NT / T represents Up / Down / Firm / Not Traded / Traded respectively

Key Ratios & Margins

Growth &
Valuation

2017 2016
Market Cap: Pro1 Pro1
Book value:
Price/Book:
Price/Sales:
Price/Earnings:

Key Profitability
Ratios

2017 2016
EPS: Pro1
Dividends
per share:
ROE:
ROA:
Dividend
Yield:

Margins

2017 2016
Operating Margin:
Profit Margin:

Analyst Ratings

Rating - Date
Barita:
JMMB:
Mayberry:
VM Wealth:

Ratios and key financials based on the audited financials for the dates stated above.

Business Profile

Express Catering Limited is a Jamaican company that was formed in 2001 to carry on food and beverage operations at the Sangster International Airport in Montego Bay (“Sangster Airport”). Over the years, the Company has grown to be the exclusive provider of food and beverage operations at the Sangster Airport inclusive of the following branded restaurants and concessions:

  • Quiznos Subs and Salads, Dairy Queen, Nathans Famous Hot Dogs, Domino’s Pizza, Auntie Anne’s Pretzels, Wendy’s, Cinnabon, Moe’s South Western Grill, Island Deli, Viva Fresh Market Grab & Go, Cricket Sports Bar, Connections Bar, Air Margaritaville Arrivals Bar, Jamaican Bobsled Café, Groovy Grouper, and The Bar

The Company is completely focused on maintaining a high standard in its food and beverage facilities and also, to ensuring that its food and beverage offerings remain relevant to consumer demands in the marketplace. The Company currently employs over 270 persons on a continuing basis with additional persons brought on during peak seasons.

The Company is a 100% owned subsidiary of the Group, owners and operators of the Jimmy Buffett’s Margaritaville franchise throughout the Caribbean. The Group, through its various subsidiaries and partnerships, owns and operates a diverse portfolio of restaurant and nightclub concepts in Jamaica, the Cayman Islands, the Turks and Caicos Islands and most recently, St. Thomas in the US Virgin Islands.

Margaritaville Caribbean, the holding company of the Group, owns and operates a diverse portfolio of companies and its strategic plan involves the development of the Group’s restaurants and attractions in these and other locations in the Caribbean utilizing innovative and efficient approaches, and product consistency.

The Group’s growth strategy has been predominantly focused on developing the Jimmy Buffett’s Margaritaville brand in its various locations. Over the last 5 years however, the Group has broadened its strategy and is currently aiming to provide multi-branded food, beverage and entertainment requirements for major transportation hubs.

Both its recognizable brands and their strategic placement throughout the airport have assisted the Company to increase average customer spend from approximately US$5.95 in 2012 to over US$7.30 per passenger currently.

Read about the initial public offer here

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