SGX:F03

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Executive Summary

Food Empire Holdings Limited, an investment holding company, operates as a branding and manufacturing company specializing in the food and beverage industry. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

How has Food Empire Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: F03 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.8%

F03

-0.5%

SG Food

-1.9%

SG Market


1 Year Return

19.2%

F03

3.5%

SG Food

-22.2%

SG Market

Return vs Industry: F03 exceeded the SG Food industry which returned 4.7% over the past year.

Return vs Market: F03 exceeded the SG Market which returned -21.4% over the past year.


Shareholder returns

F03IndustryMarket
7 Day-0.8%-0.5%-1.9%
30 Day-3.3%-0.4%-3.8%
90 Day11.3%1.9%-5.1%
1 Year24.0%19.2%7.0%3.5%-18.0%-22.2%
3 Year5.4%-0.8%6.3%-2.7%-18.7%-28.6%
5 Year175.6%156.5%28.5%12.6%-1.3%-19.4%

Price Volatility Vs. Market

How volatile is Food Empire Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Food Empire Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: F03 (SGD0.59) is trading below our estimate of fair value (SGD3.57)

Significantly Below Fair Value: F03 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: F03 is good value based on its PE Ratio (8.8x) compared to the SG Food industry average (10.5x).

PE vs Market: F03 is good value based on its PE Ratio (8.8x) compared to the SG market (12.9x).


Price to Earnings Growth Ratio

PEG Ratio: F03 is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: F03 is overvalued based on its PB Ratio (1.1x) compared to the SG Food industry average (0.9x).


Next Steps

Future Growth

How is Food Empire Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

9.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: F03's forecast earnings growth (9% per year) is above the savings rate (2.2%).

Earnings vs Market: F03's earnings (9% per year) are forecast to grow slower than the SG market (20.8% per year).

High Growth Earnings: F03's earnings are forecast to grow, but not significantly.

Revenue vs Market: F03's revenue (6.3% per year) is forecast to grow slower than the SG market (6.4% per year).

High Growth Revenue: F03's revenue (6.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: F03's Return on Equity is forecast to be low in 3 years time (11.7%).


Next Steps

Past Performance

How has Food Empire Holdings performed over the past 5 years?

38.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: F03 has high quality earnings.

Growing Profit Margin: F03's current net profit margins (9.3%) are higher than last year (7.8%).


Past Earnings Growth Analysis

Earnings Trend: F03 has become profitable over the past 5 years, growing earnings by 38.1% per year.

Accelerating Growth: F03's earnings growth over the past year (20.1%) is below its 5-year average (38.1% per year).

Earnings vs Industry: F03 earnings growth over the past year (20.1%) exceeded the Food industry 10.4%.


Return on Equity

High ROE: F03's Return on Equity (12.7%) is considered low.


Next Steps

Financial Health

How is Food Empire Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: F03's short term assets ($142.3M) exceed its short term liabilities ($52.1M).

Long Term Liabilities: F03's short term assets ($142.3M) exceed its long term liabilities ($38.7M).


Debt to Equity History and Analysis

Debt Level: F03's debt to equity ratio (22.6%) is considered satisfactory.

Reducing Debt: F03's debt to equity ratio has reduced from 30.8% to 22.6% over the past 5 years.

Debt Coverage: F03's debt is well covered by operating cash flow (83.3%).

Interest Coverage: F03's interest payments on its debt are well covered by EBIT (26.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Food Empire Holdings's current dividend yield, its reliability and sustainability?

1.62%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: F03's dividend (1.62%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (2.55%).

High Dividend: F03's dividend (1.62%) is low compared to the top 25% of dividend payers in the SG market (5.67%).


Stability and Growth of Payments

Stable Dividend: F03's dividend payments have been volatile in the past 10 years.

Growing Dividend: F03's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.2%), F03's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: F03's dividends in 3 years are forecast to be well covered by earnings (18.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.9yrs

Average management tenure


CEO

Sudeep Nair (50 yo)

7.92yrs

Tenure

Mr. Sudeep Nair has been the Group Chief Executive Officer of Food Empire Holdings Ltd since October 2012 and its Executive Director since July 1, 2005. Mr. Nair is primarily responsible for Strategic Mana ...


Leadership Team

NamePositionTenureCompensationOwnership
Sudeep Nair
Group CEO & Executive Director7.92yrsno data11.67%
$ 37.0m
Wang Cheow Tan
Executive Chairman 20.42yrsno data9.75%
$ 30.9m
Joon Hong Tan
Chief Operating Officer13.25yrsno datano data
Form Po Cho
Company Secretary1.5yrsno datano data

7.9yrs

Average Tenure

Experienced Management: F03's management team is seasoned and experienced (7.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sudeep Nair
Group CEO & Executive Director7.92yrsno data11.67%
$ 37.0m
Wang Cheow Tan
Executive Chairman 20.42yrsno data9.75%
$ 30.9m
Guek Ming Tan
Non-Executive Director20.42yrsno data12.71%
$ 40.3m
Kian Min Ong
Lead Independent Non-Executive Director3.5yrsno data0.13%
$ 424.8k
Yew Hiap Koh
Non-Independent Non-Executive Director13.5yrsno datano data
Meng Tee Saw
Non-Executive Independent Director1.42yrsno datano data
Cher Liang Tan
Independent Director0.42yrno datano data

13.5yrs

Average Tenure

59.5yo

Average Age

Experienced Board: F03's board of directors are seasoned and experienced ( 13.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Food Empire Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Food Empire Holdings Limited
  • Ticker: F03
  • Exchange: SGX
  • Founded: 1992
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: S$317.421m
  • Shares outstanding: 538.00m
  • Website: https://www.foodempire.com

Location

  • Food Empire Holdings Limited
  • No. 08-01, Food Empire Building
  • 31 Harrison Road
  • Singapore
  • 369649
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
F03SGX (Singapore Exchange)YesOrdinary SharesSGSGDApr 2000

Biography

Food Empire Holdings Limited, an investment holding company, operates as a branding and manufacturing company specializing in the food and beverage industry. Its products include instant beverage products, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/24 19:45
End of Day Share Price2020/09/24 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.