OV8 Stock Analysis: SHENG SIONG | SG
Grocery Stores | SG, Singapore | Market Cap: 4.811m SGD | 12M Return: 58.7% | SG2D54973185 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 9.18M
EPS Trend: -62.1%
Rev. Trend: 94.9%
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.6 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.
Sheng Siong Group Ltd is a Singapore-based investment holding company that operates a chain of supermarket retail stores under the Sheng Siong brand, with locations in Singapore and Kunming, China. Founded in 1985, the company sells a wide assortment of products including live, fresh, and chilled produce (seafood, meat, fruits, vegetables), dairy, pantry staples, packaged and frozen foods, baby and personal care items, beverages, and household merchandise. Beyond its retail operations, Sheng Siong is also involved in general trading and wholesale import and export businesses, and runs Sheng Siong Online, a grocery e-commerce platform.
As a mid-cap stock in the Consumer Staples sector (GICS Food Retail sub-industry), Sheng Siong operates in Singapores supermarket industry, which is generally considered a defensive market characterized by stable demand for essential goods. The business model combines brick-and-mortar retail with online grocery sales and wholesale trading, providing multiple revenue streams across both B2C and B2B channels.
- Singapore same-store sales drive core grocery revenue
- Kunming China store expansion opens second growth market
- Labor and import cost inflation pressures supermarket margins
| Net Income: 148.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.15 > 0.02 and ΔFCF/TA -5.10 > 1.0 |
| NWC/Revenue: 15.00% < 20% (prev 13.23%; Δ 1.78% < -1%) |
| CFO/TA 0.17 > 3% & CFO 174.6m > Net Income 148.0m |
| Net Debt (-243.1m) to EBITDA (233.6m): -1.04 < 3 |
| Current Ratio: 1.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.50b) vs 12m ago 0.0% < -2% |
| Gross Margin: 31.80% > 18% (prev 30.70%; Δ 1.11% > 0.5%) |
| Asset Turnover: 165.9% > 50% (prev 157.5%; Δ 8.41% > 0%) |
| Interest Coverage Ratio: 29.83 > 6 (EBIT TTM 166.5m / Interest Expense TTM 5.58m) |
| A: 0.24 (Total Current Assets 516.6m - Total Current Liabilities 275.5m) / Total Assets 1.01b |
| B: 0.44 (Retained Earnings 444.9m / Total Assets 1.01b) |
| C: 0.17 (EBIT TTM 166.5m / Avg Total Assets 968.6m) |
| D: 1.54 (Book Value of Equity 611.9m / Total Liabilities 397.8m) |
| Altman-Z'' = 5.76 = AAA |
| DSRI: 0.76 (Receivables 18.2m/21.8m, Revenue 1.61b/1.46b) |
| GMI: 0.97 (GM 30.70% / 31.80%) |
| AQI: 0.92 (AQ_t 0.03 / AQ_t-1 0.03) |
| SGI: 1.10 (Revenue 1.61b / 1.46b) |
| TATA: -0.03 (NI 148.0m - CFO 174.6m) / TA 1.01b) |
| Beneish M = -3.24 (Cap -4..+1) = AA |
As of August 28, 2026, the stock is trading at SGD 3.18 with a total of 1,667,200 shares traded. Over the past week, the price has changed by -0.62%, over one month by -1.55%, over three months by +3.58% and over the past year by +58.67%.
Current recommended Stop Loss: 3.00 (which is 5.7% or 3.6 ATR below the current price).
SHENG SIONG has no consensus analysts rating.
P/E Trailing = 32.2
P/E Forward = 28.9855
P/S = 2.8972
P/B = 7.8629
P/EG = 3.2908
Revenue TTM = 1.61b SGD
EBIT TTM = 166.5m SGD
EBITDA TTM = 233.6m SGD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 159.2m SGD (Leases only: 159.2m)
Net Debt = -243.1m SGD (calculated: Debt 159.2m - CCE 402.3m)
Enterprise Value = 4.57b SGD (4.81b + Debt 159.2m - CCE 402.3m)
Interest Coverage Ratio = 29.83 (Ebit TTM 166.5m / Interest Expense TTM 5.58m)
EV/FCF = 29.33x (Enterprise Value 4.57b / FCF TTM 155.8m)
FCF Yield = 3.41% (FCF TTM 155.8m / Enterprise Value 4.57b)
FCF Margin = 9.69% (FCF TTM 155.8m / Revenue TTM 1.61b)
Net Margin = 9.21% (Net Income TTM 148.0m / Revenue TTM 1.61b)
Gross Margin = 31.80% ((Revenue TTM 1.61b - Cost of Revenue TTM 1.10b) / Revenue TTM)
Gross Margin QoQ = 32.81% (prev 30.99%)
Tobins Q-Ratio = 4.51 (Enterprise Value 4.57b / Total Assets 1.01b)
Interest Expense / Debt = 3.51% (Interest Expense 5.58m / Debt 159.2m)
Taxrate = 17.21% (30.7m / 178.6m)
NOPAT = 137.8m (EBIT 166.5m * (1 - 17.21%))
Current Ratio = 1.88 (Total Current Assets 516.6m / Total Current Liabilities 275.5m)
Debt / Equity = 0.26 (Debt 159.2m / totalStockholderEquity, last quarter 611.9m)
Debt / EBITDA = -1.04 (Net Debt -243.1m / EBITDA 233.6m)
Debt / FCF = -1.56 (Net Debt -243.1m / FCF TTM 155.8m)
Total Stockholder Equity = 597.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 15.28% (Net Income 148.0m / Total Assets 1.01b)
RoE = 24.76% (Net Income TTM 148.0m / Total Stockholder Equity 597.5m)
RoCE = 22.58% (EBIT 166.5m / Capital Employed (Total Assets 1.01b - Current Liab 275.5m))
RoIC = 20.98% (NOPAT 137.8m / Invested Capital 657.2m)
WACC = 6.15% (E(4.81b)/V(4.97b) * Re(6.26%) + D(159.2m)/V(4.97b) * Rd(3.51%) * (1-Tc(0.17)))
Discount Rate = 6.26% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: 0.0%
[DCF] Terminal Value 73.10% ; FCFF base≈169.2m ; Y1≈148.3m ; Y5≈119.9m
[DCF] Fair Price = 1.44 (EV 1.92b - Net Debt -243.1m = Equity 2.17b / Shares 1.50b; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -62.08 | EPS CAGR: -57.27% | SUE: N/A | # QB: 0
Revenue Correlation: 94.93 | Revenue CAGR: 6.50% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.11 | Chg30d=+0.91% | Revisions=+50% | GrowthEPS=+11.7% | GrowthRev=+9.2%
EPS next Year (2027-12-31): EPS=0.12 | Chg30d=+1.47% | Revisions=+50% | GrowthEPS=+5.7% | GrowthRev=+5.4%
[Analyst] Revisions Ratio: +67% (up=6, down=0)