Food Empire Holdings Future Growth

Future criteria checks 2/6

Food Empire Holdings is forecast to grow earnings and revenue by 6.6% and 6.9% per annum respectively. EPS is expected to grow by 5% per annum. Return on equity is forecast to be 16.7% in 3 years.

Key information

6.6%

Earnings growth rate

5.0%

EPS growth rate

Food earnings growth	6.9%
Revenue growth rate	6.9%
Future return on equity	16.7%
Analyst coverage	Low
Last updated	23 Aug 2024

Recent future growth updates

Recent updates

Food Empire Holdings Limited's (SGX:F03) Low P/E No Reason For Excitement

Jan 24

Is There An Opportunity With Food Empire Holdings Limited's (SGX:F03) 47% Undervaluation?

Jun 21

Here's Why Food Empire Holdings (SGX:F03) Has Caught The Eye Of Investors

Feb 16

New Forecasts: Here's What Analysts Think The Future Holds For Food Empire Holdings Limited (SGX:F03)

Aug 16

Calculating The Intrinsic Value Of Food Empire Holdings Limited (SGX:F03)

May 09

We Like These Underlying Return On Capital Trends At Food Empire Holdings (SGX:F03)

Jun 01

Is Food Empire Holdings Limited's (SGX:F03) Latest Stock Performance A Reflection Of Its Financial Health?

Mar 11

Will the Promising Trends At Food Empire Holdings (SGX:F03) Continue?

Feb 24

Food Empire Holdings (SGX:F03) Has Rewarded Shareholders With An Exceptional 350% Total Return On Their Investment

Feb 03

Could The Food Empire Holdings Limited (SGX:F03) Ownership Structure Tell Us Something Useful?

Jan 19

Do Food Empire Holdings's (SGX:F03) Earnings Warrant Your Attention?

Jan 04

Is There Now An Opportunity In Food Empire Holdings Limited (SGX:F03)?

Dec 17

Here’s What’s Happening With Returns At Food Empire Holdings (SGX:F03)

Nov 23

Earnings and Revenue Growth Forecasts

SGX:F03 - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	538	62	51	63	5
12/31/2025	504	57	47	74	5
12/31/2024	472	52	50	69	5
6/30/2024	453	53	19	32	N/A
3/31/2024	439	55	28	41	N/A
12/31/2023	426	57	38	51	N/A
9/30/2023	422	58	50	64	N/A
6/30/2023	419	60	61	77	N/A
3/31/2023	409	60	60	75	N/A
12/31/2022	398	60	59	73	N/A
9/30/2022	373	48	31	42	N/A
6/30/2022	348	35	3	10	N/A
3/31/2022	334	27	5	13	N/A
12/31/2021	320	20	8	15	N/A
9/30/2021	305	22	15	22	N/A
6/30/2021	290	25	23	30	N/A
3/31/2021	281	26	23	32	N/A
12/31/2020	273	27	24	33	N/A
9/30/2020	276	25	28	38	N/A
6/30/2020	283	26	26	38	N/A
3/31/2020	284	25	16	38	N/A
12/31/2019	289	26	1	39	N/A
9/30/2019	285	24	-5	34	N/A
6/30/2019	281	22	-15	22	N/A
3/31/2019	283	19	-8	18	N/A
12/31/2018	284	18	5	15	N/A
9/30/2018	288	13	7	17	N/A
6/30/2018	286	14	17	25	N/A
3/31/2018	279	15	N/A	29	N/A
12/31/2017	269	14	N/A	30	N/A
9/30/2017	265	20	N/A	30	N/A
6/30/2017	264	18	N/A	30	N/A
3/31/2017	254	17	N/A	23	N/A
12/31/2016	242	15	N/A	18	N/A
9/30/2016	235	8	N/A	17	N/A
6/30/2016	228	3	N/A	9	N/A
3/31/2016	232	9	N/A	20	N/A
12/31/2015	232	0	N/A	15	N/A
9/30/2015	227	-9	N/A	11	N/A
6/30/2015	238	-10	N/A	16	N/A
3/31/2015	241	-15	N/A	3	N/A
12/31/2014	250	-13	N/A	5	N/A
9/30/2014	266	-1	N/A	8	N/A
6/30/2014	260	2	N/A	-10	N/A
3/31/2014	265	3	N/A	-7	N/A
12/31/2013	263	12	N/A	-4	N/A
9/30/2013	257	16	N/A	-7	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: F03's forecast earnings growth (6.6% per year) is above the savings rate (2.2%).

Earnings vs Market: F03's earnings (6.6% per year) are forecast to grow slower than the SG market (10% per year).

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

Revenue vs Market: F03's revenue (6.9% per year) is forecast to grow faster than the SG market (3.7% per year).

High Growth Revenue: F03's revenue (6.9% 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 (16.7%).

Food Empire Holdings Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target decreased by 8.9% to S$1.57

Price target increased by 7.9% to S$1.72

Price target increased by 8.5% to S$1.45

Consensus EPS estimates increase by 10%

Consensus EPS estimates increase by 10%

Price target increased by 20% to S$1.17

Recent updates

First half 2024 earnings released: EPS: US$0.045 (vs US$0.05 in 1H 2023)

Price target decreased by 8.9% to S$1.57

Investor sentiment deteriorates as stock falls 16%

Food Empire Holdings Limited Approves One-Tier Tax Exempt First and Final Dividend for the Financial Year Ended 31 December 2023

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Lead Independent Director exercised options to buy S$162k worth of stock.

Group CEO & Executive Director exercised options to buy S$4.2m worth of stock.

Price target increased by 7.9% to S$1.72

Food Empire Holdings Limited to Report Fiscal Year 2023 Results on Feb 27, 2024

Food Empire Holdings Limited, Annual General Meeting, Apr 19, 2024

Full year 2023 earnings: Revenues exceed analyst expectations

Food Empire Holdings Limited's (SGX:F03) Low P/E No Reason For Excitement

Investor sentiment improves as stock rises 18%

Price target increased by 8.5% to S$1.45

Consensus EPS estimates increase by 10%

Consensus EPS estimates increase by 10%

New major risk - Revenue and earnings growth

First half 2023 earnings released: EPS: US$0.05 (vs US$0.05 in 1H 2022)

Is There An Opportunity With Food Empire Holdings Limited's (SGX:F03) 47% Undervaluation?

Insufficient new directors

Upcoming dividend of S$0.044 per share at 4.3% yield

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Non-Executive Non-Independent Director exercised options to buy S$89k worth of stock.

Price target increased by 20% to S$1.17

Full year 2022 earnings: Revenues exceed analyst expectations

Here's Why Food Empire Holdings (SGX:F03) Has Caught The Eye Of Investors

Price target decreased to S$0.86

Group CEO & Executive Director exercised options to buy S$825k worth of stock.

Consensus revenue estimates increase by 14%

New Forecasts: Here's What Analysts Think The Future Holds For Food Empire Holdings Limited (SGX:F03)

Food Empire Holdings Limited to Report First Half, 2022 Results on Aug 13, 2022

First half 2022 earnings released

Food Empire Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2022

Price target decreased to S$0.95

Price target decreased to S$0.95

Food Empire Holdings Limited Approves One-Tier Tax Exempt Special Dividend for the Financial Year Ended 31 December 2021

Calculating The Intrinsic Value Of Food Empire Holdings Limited (SGX:F03)

Upcoming dividend of S$0.022 per share

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Price target decreased to S$1.12

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Food Empire Holdings Limited Proposes Special Dividend, to Be Paid on 20 May 2022

CEO & Executive Director exercised options to buy S$1.1m worth of stock.

We Like These Underlying Return On Capital Trends At Food Empire Holdings (SGX:F03)

Food Empire Holdings Limited Approves First and Final Dividend for the Financial Year Ended 31 December 2020

Upcoming dividend of S$0.022 per share

Food Empire Holdings' (SGX:F03) Profits Appear To Have Quality Issues

Should You Think About Buying Food Empire Holdings Limited (SGX:F03) Now?

Full year 2020 earnings released: EPS US$0.05 (vs US$0.049 in FY 2019)

Food Empire Holdings (SGX:F03) Has A Pretty Healthy Balance Sheet

Is Food Empire Holdings Limited's (SGX:F03) Latest Stock Performance A Reflection Of Its Financial Health?

Food Empire Holdings Limited, Annual General Meeting, Apr 26, 2021

Full year 2020 earnings released

Revenue and earnings miss expectations

Will the Promising Trends At Food Empire Holdings (SGX:F03) Continue?

Price target raised to S$1.11

New 90-day high: S$0.88

Food Empire Holdings (SGX:F03) Has Rewarded Shareholders With An Exceptional 350% Total Return On Their Investment

Could The Food Empire Holdings Limited (SGX:F03) Ownership Structure Tell Us Something Useful?

Price target raised to S$0.88

New 90-day high: S$0.79

Do Food Empire Holdings's (SGX:F03) Earnings Warrant Your Attention?

New 90-day high: S$0.64

Is There Now An Opportunity In Food Empire Holdings Limited (SGX:F03)?

Here’s What’s Happening With Returns At Food Empire Holdings (SGX:F03)

Analysts update estimates

Food Empire Holdings Limited to Report First Half, 2020 Results on Aug 11, 2020

Earnings released

New 90-day high - S$0.57