F

Food Empire Holdings Ltd
SGX:F03

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Food Empire Holdings Ltd
SGX:F03
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Price: 1.77 SGD
Market Cap: 973.7m SGD

Relative Value

The Relative Value of one F03 stock under the Base Case scenario is 1.1 SGD. Compared to the current market price of 1.77 SGD, Food Empire Holdings Ltd is Overvalued by 38%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

F03 Relative Value
Base Case
1.1 SGD
Overvaluation 38%
Relative Value
Price
F
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
0
vs Industry
39
Median 3Y
0.9
Median 5Y
0.9
Industry
0.9
Forward
1.4
vs History
1
vs Industry
51
Median 3Y
7.3
Median 5Y
7.7
Industry
16.2
Forward
12.4
vs History
0
vs Industry
16
Median 3Y
12.2
Median 5Y
10.4
Industry
9.5
vs History
28
vs Industry
35
Median 3Y
15.8
Median 5Y
14.1
Industry
17.1
vs History
0
vs Industry
35
Median 3Y
1.4
Median 5Y
1.4
Industry
1.5
vs History
0
vs Industry
48
Median 3Y
0.7
Median 5Y
0.8
Industry
1.1
Forward
1.3
vs History
0
vs Industry
57
Median 3Y
2.4
Median 5Y
2.4
Industry
4.7
vs History
0
vs Industry
53
Median 3Y
4.5
Median 5Y
4.6
Industry
9.9
Forward
8.1
vs History
0
vs Industry
55
Median 3Y
5.3
Median 5Y
5.6
Industry
12.8
Forward
9.2
vs History
0
vs Industry
20
Median 3Y
10.4
Median 5Y
9
Industry
10.6
vs History
0
vs Industry
1
Median 3Y
18.4
Median 5Y
13.4
Industry
14.8
vs History
0
vs Industry
27
Median 3Y
1.3
Median 5Y
1.2
Industry
1.1

Multiples Across Competitors

F03 Competitors Multiples
Food Empire Holdings Ltd Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
SG
Food Empire Holdings Ltd
SGX:F03
931.3m SGD 1.5 13.8 8.6 10.2
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 23 895.9 540 752.8 186 542.5 318 284.3
CH
Nestle SA
SIX:NESN
228.2B CHF 2.5 21 14.2 17.4
US
Mondelez International Inc
NASDAQ:MDLZ
86.6B USD 2.4 24.1 17.4 22.3
FR
Danone SA
PAR:BN
48.7B EUR 1.8 24.1 11.5 15.3
ZA
Tiger Brands Ltd
JSE:TBS
50.4B Zac 0 0 0 0
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
29.3B CHF 5.4 43.6 24.8 33
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
249.8B CNY 9.1 37.7 31.1 31.1
US
Hershey Co
NYSE:HSY
32.1B USD 3 19.5 12.9 15.5
US
Kraft Heinz Co
NASDAQ:KHC
32B USD 1.3 12 8 9.5
ZA
Avi Ltd
JSE:AVI
30.2B Zac 0 0 0 0
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SG
F
Food Empire Holdings Ltd
SGX:F03
Average EV/EBITDA: 20 741.2
8.6
7%
1.2
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
186 542.5
N/A N/A
CH
Nestle SA
SIX:NESN
14.2
3%
4.7
US
Mondelez International Inc
NASDAQ:MDLZ
17.4
-1%
N/A
FR
Danone SA
PAR:BN
11.5
5%
2.3
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
23%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
24.8
8%
3.1
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
31.1
17%
1.8
US
Hershey Co
NYSE:HSY
12.9
-8%
N/A
US
Kraft Heinz Co
NASDAQ:KHC
8
-1%
N/A
ZA
A
Avi Ltd
JSE:AVI
Not Available
6%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
SG
F
Food Empire Holdings Ltd
SGX:F03
Average EV/EBIT: 35 382.1
10.2
9%
1.1
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
318 284.3
N/A N/A
CH
Nestle SA
SIX:NESN
17.4
2%
8.7
US
Mondelez International Inc
NASDAQ:MDLZ
22.3
-2%
N/A
FR
Danone SA
PAR:BN
15.3
6%
2.5
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
15%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
33
9%
3.7
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
31.1
13%
2.4
US
Hershey Co
NYSE:HSY
15.5
-10%
N/A
US
Kraft Heinz Co
NASDAQ:KHC
9.5
-1%
N/A
ZA
A
Avi Ltd
JSE:AVI
Not Available
6%
N/A