F03 Stock Analysis: FOOD EMPIRE HOLDINGS | SG
Beverages - Non-Alcoholic | SG, Singapore | Market Cap: 1.492m SGD | 12M Return: 21.2% | SG1I44882534 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.13M
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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.
Food Empire Holdings Limited is a Singapore-headquartered food and beverage manufacturer and distributor founded in 1992, operating as a small-cap company within the GICS Consumer Staples sector, specifically the Soft Drinks & Non-alcoholic Beverages sub-industry. Its portfolio spans instant coffee, tea, hot chocolate, dairy products, confectionery, and snack foods sold under a wide range of owned brands including MacCoffee, CaféPH, Petrovskaya Sloboda, Klassno, Hillway, Kracks, MacTea, and MacChocolate, among others. The business model is vertically integrated, covering manufacturing, packaging, marketing, distribution, and trading of instant food and beverages, along with procurement of raw materials and ownership or leasing of real estate. Geographically, the company has a notable concentration in Russia and the CIS, alongside operations across Southeast Asia, Central Asia, South Asia, Europe, and other international markets, making it a multi-regional consumer staples player with an export-driven, multi-brand approach.
- Russia ruble depreciation and sanctions threaten CIS segment revenue
- Coffee and dairy raw material cost inflation pressures product margins
- Southeast Asia and instant coffee volume growth offsets Russia headwinds
| Net Income: 58.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 10.55 > 1.0 |
| NWC/Revenue: 56.11% < 20% (prev 43.32%; Δ 12.79% < -1%) |
| CFO/TA 0.15 > 3% & CFO 87.1m > Net Income 58.7m |
| Net Debt (-170.1m) to EBITDA (83.8m): -2.03 < 3 |
| Current Ratio: 3.27 > 1.5 & < 3 |
| Outstanding Shares: last quarter (655.9m) vs 12m ago 24.68% < -2% |
| Gross Margin: 31.07% > 18% (prev 30.31%; Δ 0.76% > 0.5%) |
| Asset Turnover: 93.26% > 50% (prev 103.5%; Δ -10.28% > 0%) |
| Interest Coverage Ratio: 16.71 > 6 (EBIT TTM 71.5m / Interest Expense TTM 4.28m) |
| A: 0.47 (Total Current Assets 386.8m - Total Current Liabilities 118.3m) / Total Assets 566.3m |
| B: 0.51 (Retained Earnings 289.3m / Total Assets 566.3m) |
| C: 0.14 (EBIT TTM 71.5m / Avg Total Assets 513.2m) |
| D: 1.88 (Book Value of Equity 368.0m / Total Liabilities 196.0m) |
| Altman-Z'' = 7.68 = AAA |
| DSRI: 1.12 (Receivables 56.0m/49.9m, Revenue 478.6m/476.3m) |
| GMI: 0.98 (GM 30.31% / 31.07%) |
| AQI: 0.96 (AQ_t 0.05 / AQ_t-1 0.05) |
| SGI: 1.00 (Revenue 478.6m / 476.3m) |
| TATA: -0.05 (NI 58.7m - CFO 87.1m) / TA 566.3m) |
| Beneish M = -2.98 (Cap -4..+1) = A |
As of September 02, 2026, the stock is trading at SGD 2.21 with a total of 2,347,500 shares traded. Over the past week, the price has changed by -0.05%, over one month by -8.58%, over three months by -12.94% and over the past year by +21.20%.
Current recommended Stop Loss: 2.10 (which is 5% or 1.4 ATR below the current price).
FOOD EMPIRE HOLDINGS has no consensus analysts rating.
Market Cap USD = 1.17b (1.49b SGD * 0.7852 SGD.USD)
P/E Trailing = 17.3846
P/E Forward = 16.1812
P/S = 2.4152
P/B = 3.1494
P/EG = 0.4545
Revenue TTM = 478.6m USD
EBIT TTM = 71.5m USD
EBITDA TTM = 83.8m USD
Long Term Debt = 58.5m USD (from longTermDebt, last quarter)
Short Term Debt = 24.3m USD (from shortLongTermDebt, last quarter)
Debt = 11.4m USD (Leases only: 11.4m)
Net Debt = -170.1m USD (calculated: Debt 11.4m - CCE 181.5m)
Enterprise Value = 1.00b USD (1.17b + Debt 11.4m - CCE 181.5m)
Interest Coverage Ratio = 16.71 (Ebit TTM 71.5m / Interest Expense TTM 4.28m)
EV/FCF = 16.40x (Enterprise Value 1.00b / FCF TTM 61.1m)
FCF Yield = 6.10% (FCF TTM 61.1m / Enterprise Value 1.00b)
FCF Margin = 12.76% (FCF TTM 61.1m / Revenue TTM 478.6m)
Net Margin = 12.27% (Net Income TTM 58.7m / Revenue TTM 478.6m)
Gross Margin = 31.07% ((Revenue TTM 478.6m - Cost of Revenue TTM 329.9m) / Revenue TTM)
Gross Margin QoQ = 30.57% (prev 31.63%)
Tobins Q-Ratio = 1.77 (Enterprise Value 1.00b / Total Assets 566.3m)
Interest Expense / Debt = 37.37% (Interest Expense 4.28m / Debt 11.4m)
Taxrate = 20.32% (15.2m / 74.6m)
NOPAT = 57.0m (EBIT 71.5m * (1 - 20.32%))
Current Ratio = 3.27 (Total Current Assets 386.8m / Total Current Liabilities 118.3m)
Debt / Equity = 0.03 (Debt 11.4m / totalStockholderEquity, last quarter 368.0m)
Debt / EBITDA = -2.03 (Net Debt -170.1m / EBITDA 83.8m)
Debt / FCF = -2.78 (Net Debt -170.1m / FCF TTM 61.1m)
Total Stockholder Equity = 312.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 11.44% (Net Income 58.7m / Total Assets 566.3m)
RoE = 18.79% (Net Income TTM 58.7m / Total Stockholder Equity 312.6m)
RoCE = 19.27% (EBIT 71.5m / Capital Employed (Equity 312.6m + L.T.Debt 58.5m))
RoIC = 13.44% (NOPAT 57.0m / Invested Capital 424.1m)
WACC = 7.99% (E(1.17b)/V(1.18b) * Re(7.78%) + D(11.4m)/V(1.18b) * Rd(37.37%) * (1-Tc(0.20)))
Discount Rate = 7.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 67.93 | Cagr: 14.11%
[DCF] Terminal Value 77.97% ; FCFF base≈37.1m ; Y1≈42.5m ; Y5≈62.6m
[DCF] Fair Price = 1.68 (EV 941.5m - Net Debt -170.1m = Equity 1.11b / Shares 660.4m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
Revenue Correlation: 98.89 | Revenue CAGR: 16.41% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.15 | Chg30d=+0.20% | Revisions=+17% | GrowthEPS=+22.7% | GrowthRev=+12.4%
EPS next Year (2027-12-31): EPS=0.17 | Chg30d=+0.12% | Revisions=+50% | GrowthEPS=+11.9% | GrowthRev=+9.4%
[Analyst] Revisions Ratio: +44% (up=5, down=1)