D01 Stock Analysis: DFI RETAIL HOLDINGS | SG
Grocery Stores | SG, Singapore | Market Cap: 4.888m USD | 12M Return: 26.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.90M
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
DFI Retail Group Holdings Limited (D01) is a major pan-Asian multi-format retailer operating across 13 markets in Greater China and Southeast Asia, including Mainland China, Hong Kong, Macau, Taiwan, Singapore, Malaysia, Indonesia, the Philippines, Thailand, Vietnam, Cambodia, Laos, and Brunei. The company runs six business segments-Health and Beauty, Convenience, Food, Home Furnishings, Restaurants, and Other Retailing-spanning a portfolio of owned, licensed, and franchised brands such as Mannings, Guardian, 7-Eleven, Wellcome, Cold Storage, IKEA, Starbucks, Shake Shack, and Maxims.
The group, formerly known as Dairy Farm International Holdings Limited until its May 2022 rename, traces its origins to 1886 and is headquartered in Quarry Bay, Hong Kong. It operates as a subsidiary of Jardine Strategic Limited.
As a Consumer Staples issuer classified under Food Retail, DFI combines direct store operations with a brand-licensing and franchise model that brings international retail concepts into Asian markets. It also operates the yuu customer loyalty programme as well as ancillary property and food-processing activities under the Meadows, Giant, and Yu Pin King brands.
- Hong Kong consumer weakness pressures Mannings and Wellcome comparable sales
- 7-Eleven expansion across Southeast Asia drives convenience segment growth
- Restaurant and IKEA margins pressured by elevated operating costs
| Net Income: 270.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.20 > 0.02 and ΔFCF/TA 9.43 > 1.0 |
| NWC/Revenue: -16.37% < 20% (prev -13.77%; Δ -2.59% < -1%) |
| CFO/TA 0.24 > 3% & CFO 1.10b > Net Income 270.3m |
| Net Debt (2.10b) to EBITDA (1.11b): 1.90 < 3 |
| Current Ratio: 0.41 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.35b) vs 12m ago 0.0% < -2% |
| Gross Margin: 36.70% > 18% (prev 36.41%; Δ 0.29% > 0.5%) |
| Asset Turnover: 148.8% > 50% (prev 122.0%; Δ 26.80% > 0%) |
| Interest Coverage Ratio: 2.03 > 6 (EBIT TTM 266.4m / Interest Expense TTM 131.4m) |
| DSRI: 0.74 (Receivables 61.8m/83.4m, Revenue 8.87b/8.87b) |
| GMI: 0.99 (GM 36.41% / 36.70%) |
| AQI: 1.25 (AQ_t 0.21 / AQ_t-1 0.17) |
| SGI: 1.0 (Revenue 8.87b / 8.87b) |
| TATA: -0.18 (NI 270.3m - CFO 1.10b) / TA 4.65b) |
| Beneish M = -3.12 (Cap -4..+1) = AA |
As of July 14, 2026, the stock is trading at USD 3.66 with a total of 1,003,300 shares traded. Over the past week, the price has changed by +0.27%, over one month by -3.68%, over three months by -14.29% and over the past year by +26.88%.
Current recommended Stop Loss: 3.50 (which is 4.4% or 1.3 ATR below the current price).
DFI RETAIL HOLDINGS has no consensus analysts rating.
P/E Trailing = 21.2353
P/E Forward = 16.8067
P/S = 0.5512
P/B = 18.0097
P/EG = 1.7338
Revenue TTM = 8.87b USD
EBIT TTM = 266.4m USD
EBITDA TTM = 1.11b USD
Long Term Debt = unknown (none)
Short Term Debt = 99.2m USD (from shortLongTermDebt, last quarter)
Debt = 2.27b USD (Leases only: 2.27b)
Net Debt = 2.10b USD (calculated: Debt 2.27b - CCE 168.7m)
Enterprise Value = 6.99b USD (4.89b + Debt 2.27b - CCE 168.7m)
Interest Coverage Ratio = 2.03 (Ebit TTM 266.4m / Interest Expense TTM 131.4m)
EV/FCF = 7.36x (Enterprise Value 6.99b / FCF TTM 950.4m)
FCF Yield = 13.59% (FCF TTM 950.4m / Enterprise Value 6.99b)
FCF Margin = 10.72% (FCF TTM 950.4m / Revenue TTM 8.87b)
Net Margin = 3.05% (Net Income TTM 270.3m / Revenue TTM 8.87b)
Gross Margin = 36.70% ((Revenue TTM 8.87b - Cost of Revenue TTM 5.61b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 1.50 (Enterprise Value 6.99b / Total Assets 4.65b)
Interest Expense / Debt = 5.78% (Interest Expense 131.4m / Debt 2.27b)
Taxrate = 17.46% (57.9m / 331.6m)
NOPAT = 219.9m (EBIT 266.4m * (1 - 17.46%))
Current Ratio = 0.41 (Total Current Assets 1.01b / Total Current Liabilities 2.46b)
Debt / Equity = 8.17 (Debt 2.27b / totalStockholderEquity, last quarter 278.1m)
Debt / EBITDA = 1.90 (Net Debt 2.10b / EBITDA 1.11b)
Debt / FCF = 2.21 (Net Debt 2.10b / FCF TTM 950.4m)
Total Stockholder Equity = 608.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.53% (Net Income 270.3m / Total Assets 4.65b)
RoE = 44.44% (Net Income TTM 270.3m / Total Stockholder Equity 608.3m)
RoCE = 12.17% (EBIT 266.4m / Capital Employed (Total Assets 4.65b - Current Liab 2.46b))
RoIC = 10.88% (NOPAT 219.9m / Invested Capital 2.02b)
WACC = 5.97% (E(4.89b)/V(7.16b) * Re(6.53%) + D(2.27b)/V(7.16b) * Rd(5.78%) * (1-Tc(0.17)))
Discount Rate = 6.53% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 82.50 | Cagr: 0.04%
[DCF] Terminal Value 77.97% ; FCFF base≈890.2m ; Y1≈1.02b ; Y5≈1.50b
[DCF] Fair Price = 15.14 (EV 22.6b - Net Debt 2.10b = Equity 20.5b / Shares 1.35b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
Revenue Correlation: -86.60 | Revenue CAGR: -1.65% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.21 | Chg30d=+0.28% | Revisions=+25% | GrowthEPS=+7.1% | GrowthRev=-5.3%
EPS next Year (2027-12-31): EPS=0.24 | Chg30d=+0.21% | Revisions=+25% | GrowthEPS=+10.2% | GrowthRev=+3.2%
[Analyst] Revisions Ratio: +40% (up=2, down=0)