(OV8) SHENG SIONG - SG
Sector: Consumer Defensive | Industry: Grocery Stores | Exchange: SG (Singapore) | Market Cap: 4.902m SGD | Total Return: 75.2% in 12m
Avg Turnover: 10.3M
EPS Trend: -73.8%
Rev. Trend: 97.5%
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Sheng Siong Group Ltd is a Singapore-based investment holding company that operates a major supermarket retail chain. The company distributes a diverse range of consumer goods, including live and fresh produce, pantry staples, personal care items, and household merchandise. Beyond its physical retail footprint, the firm maintains an e-commerce platform and engages in general trading and wholesale import-export operations.
The company operates under a value-driven business model, primarily targeting heartland residential areas to capture consistent domestic demand. As a player in the Consumer Staples sector, the firm benefits from the defensive nature of food retail, where demand remains relatively inelastic during economic cycles. Detailed valuation metrics and historical performance data are available on ValueRay for further analysis.
Headquartered in Singapore, Sheng Siong has expanded its geographic reach with store locations in Kunming, China. Since its founding in 1985, the group has scaled into a mid-cap enterprise by integrating supply chain logistics with high-volume retail distribution.
- HDB shopfront bidding success drives Singapore store network expansion
- Gross margins expand through improved sourcing and favorable product mix
- Household grocery demand stabilizes amid moderating inflation and cost-of-living pressures
- China segment profitability scales via Kunming store network growth and logistics efficiency
| Net Income: 134.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.18 > 0.02 and ΔFCF/TA -1.68 > 1.0 |
| NWC/Revenue: 14.24% < 20% (prev 11.93%; Δ 2.31% < -1%) |
| CFO/TA 0.20 > 3% & CFO 214.5m > Net Income 134.2m |
| Net Debt (-261.1m) to EBITDA (210.4m): -1.24 < 3 |
| Current Ratio: 1.62 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.50b) vs 12m ago 0.0% < -2% |
| Gross Margin: 31.03% > 18% (prev 30.47%; Δ 0.56% > 0.5%) |
| Asset Turnover: 150.1% > 50% (prev 150.7%; Δ -0.60% > 0%) |
| Interest Coverage Ratio: 30.36 > 6 (EBIT TTM 144.2m / Interest Expense TTM 4.75m) |
| A: 0.20 (Total Current Assets 557.7m - Total Current Liabilities 343.3m) / Total Assets 1.07b |
| B: 0.39 (Retained Earnings 421.2m / Total Assets 1.07b) |
| C: 0.14 (EBIT TTM 144.2m / Avg Total Assets 1.00b) |
| D: 1.22 (Book Value of Equity 588.0m / Total Liabilities 480.6m) |
| Altman-Z'' = 4.84 = AA |
| DSRI: 0.97 (Receivables 11.4m/10.9m, Revenue 1.51b/1.41b) |
| GMI: 0.98 (GM 30.47% / 31.03%) |
| AQI: 0.88 (AQ_t 0.03 / AQ_t-1 0.03) |
| SGI: 1.07 (Revenue 1.51b / 1.41b) |
| TATA: -0.07 (NI 134.2m - CFO 214.5m) / TA 1.07b) |
| Beneish M = -3.09 (Cap -4..+1) = AA |
As of June 25, 2026, the stock is trading at SGD 3.22 with a total of 1,256,300 shares traded. Over the past week, the price has changed by -0.31%, over one month by +3.87%, over three months by +21.24% and over the past year by +75.20%.
Current recommended Stop Loss: 3.10 (which is 3.7% or 2 ATR below the current price).
SHENG SIONG has no consensus analysts rating.
P/E Trailing = 32.6
P/E Forward = 29.4985
P/S = 3.026
P/B = 8.3356
P/EG = 3.278
Revenue TTM = 1.51b SGD
EBIT TTM = 144.2m SGD
EBITDA TTM = 210.4m SGD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 174.4m SGD (Leases only: 174.4m)
Net Debt = -261.1m SGD (calculated: Debt 174.4m - CCE 435.5m)
Enterprise Value = 4.64b SGD (4.90b + Debt 174.4m - CCE 435.5m)
Interest Coverage Ratio = 30.36 (Ebit TTM 144.2m / Interest Expense TTM 4.75m)
EV/FCF = 24.20x (Enterprise Value 4.64b / FCF TTM 191.8m)
FCF Yield = 4.13% (FCF TTM 191.8m / Enterprise Value 4.64b)
FCF Margin = 12.74% (FCF TTM 191.8m / Revenue TTM 1.51b)
Net Margin = 8.91% (Net Income TTM 134.2m / Revenue TTM 1.51b)
Gross Margin = 31.03% ((Revenue TTM 1.51b - Cost of Revenue TTM 1.04b) / Revenue TTM)
Gross Margin QoQ = 32.07% (prev 31.41%)
Tobins Q-Ratio = 4.33 (Enterprise Value 4.64b / Total Assets 1.07b)
Interest Expense / Debt = 2.72% (Interest Expense 4.75m / Debt 174.4m)
Taxrate = 17.64% (28.7m / 162.6m)
NOPAT = 118.7m (EBIT 144.2m * (1 - 17.64%))
Current Ratio = 1.62 (Total Current Assets 557.7m / Total Current Liabilities 343.3m)
Debt / Equity = 0.30 (Debt 174.4m / totalStockholderEquity, last quarter 588.0m)
Debt / EBITDA = -1.24 (Net Debt -261.1m / EBITDA 210.4m)
Debt / FCF = -1.36 (Net Debt -261.1m / FCF TTM 191.8m)
Total Stockholder Equity = 563.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 13.38% (Net Income 134.2m / Total Assets 1.07b)
RoE = 23.81% (Net Income TTM 134.2m / Total Stockholder Equity 563.8m)
RoCE = 19.79% (EBIT 144.2m / Capital Employed (Total Assets 1.07b - Current Liab 343.3m))
RoIC = 18.18% (NOPAT 118.7m / Invested Capital 653.2m)
WACC = 6.23% (E(4.90b)/V(5.08b) * Re(6.37%) + D(174.4m)/V(5.08b) * Rd(2.72%) * (1-Tc(0.18)))
Discount Rate = 6.37% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: 0.0%
[DCF] Terminal Value 76.05% ; FCFF base≈188.3m ; Y1≈196.5m ; Y5≈224.9m
[DCF] Fair Price = 2.48 (EV 3.47b - Net Debt -261.1m = Equity 3.73b / Shares 1.50b; r=8.35% [WACC [floored]]; 5y FCF grow 4.75% → 2.50% )
EPS Correlation: -73.79 | EPS CAGR: -69.20% | SUE: N/A | # QB: 0
Revenue Correlation: 97.55 | Revenue CAGR: 4.31% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.11 | Chg30d=-0.18% | Revisions=+25% | GrowthEPS=+10.6% | GrowthRev=+8.8%
EPS next Year (2027-12-31): EPS=0.12 | Chg30d=-0.69% | Revisions=+56% | GrowthEPS=+5.2% | GrowthRev=+4.9%
[Analyst] Revisions Ratio: +56%