1. Singapore Stocks

  2. •

    Consumer Defensive

  3. •

    Beverages - Non-Alcoholic
Food Empire Holdings Limited

Food Empire Holdings Limited

F03.SI
Food Empire Holdings LimitedSG flagStock Exchange of Singapore
2.58
SGD
+0.05
- -
1.41BMarket Cap
Food Empire Holdings Limited
F03.SI
(Stock Exchange of Singapore)

Recent

price

2.58

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.28
0.36
0.37
0.41
0.39
0.36
0.38
0.42
0.44
0.45
0.43
0.5
0.62
0.67
0.75
1.06
0.45
Revenue per Share
0.02
0.02
0.03
0.02
-0.02
- -
0.02
0.02
0.03
0.04
0.04
0.03
0.09
0.09
0.08
0.07
0.04
Basic EPS, GAAP
-0.01
-0.01
0.03
-0.05
-0.02
0.02
0.02
0.04
0.01
- -
0.03
0.01
0.09
0.06
- -
0.11
- -
Free Cash Flow per Basic Share
0.01
0.01
0.01
0.01
- -
- -
- -
- -
- -
- -
0.01
0.01
0.01
0.03
0.06
0.08
- -
Dividend per Share
0.21
0.22
0.25
0.2
0.17
0.17
0.26
0.28
0.28
0.32
0.07
0.07
0.46
0.53
0.08
0.62
0.32
Book Value per Share
0.19
0.21
0.23
0.24
0.2
0.2
0.22
0.25
0.26
0.3
0.32
0.34
0.42
0.45
0.45
0.66
0.3
Tangible Book Value per Share
635
635
635
639
639
639
639
640
641
641
642
642
639
631
631
547
641
Basic Weighted Avg Shares
176
226
238
263
250
232
242
269
284
289
273
320
398
426
476
577
289
Sales/Revenue/Turnover
7.22
7.32
8.02
5.45
5.53
6.59
6.04
10.9
8.13
10.96
12.91
8.14
13.23
16.77
13.36
16.46
10.96
Operating Margin (%)
2
2
3
3
4
4
5
5
6
8
8
11
11
11
12
12
8
Depreciation Expense
14
15
20
12
-13
- -
15
14
18
26
27
20
60
57
53
36
26
Net Income, GAAP
- -
8.36
5.93
10.64
- -
- -
20.86
25.94
10.9
18.52
17.93
26.5
15.05
22.12
18.9
39.72
18.52
Effective Tax Rate (%)
7.77
6.63
8.62
4.45
-5.31
0.09
5.99
5.25
6.36
9.05
9.81
6.09
15.09
13.27
11.03
6.24
9.05
Profit Margin (%)
91
97
99
92
66
61
64
79
81
96
104
109
171
181
206
269
96
Working Capital
5
12
12
28
33
26
17
16
14
40
38
29
29
24
53
67
40
LT Debt
134
145
161
166
138
137
154
167
175
206
217
227
276
294
296
370
206
Total Equity
- -
10.16
10.81
6.89
- -
- -
6.28
10.92
10.01
11.08
10.82
6.91
14.91
16.84
14.26
13.4
11.08
Return on Invested Capital (%)
- -
10.3
12.8
7.42
- -
- -
9.12
7.61
9.15
11.68
15.39
20.94
28.61
16.75
22.02
13.98
11.68
Return on Capital (%)
15.88
10.87
13.55
8.21
-11.25
0.19
10.54
8.25
10.07
13.46
21.47
43.98
35.62
18.1
27.64
18.73
13.46
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'19
Sep'19
Dec'19
ST Debt
16
16
17
LT Borrowings
35
37
35
LT Finance Leases
2
1
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
641
643
644
Market Capitalization
202
195
258

Working Capital

FRC

•

in mil. unless spec.
Jun'19
Sep'19
Dec'19
Total Current Assets
143
149
157
Cash, Cash Equivalents & STI
38
45
55
Accounts Receivable, Net
38
42
36
Inventories
55
52
56
Total Current Liabilities
55
56
60
Payables & Accruals
- -
- -
- -
ST Debt
16
16
17
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.68%
11.7%
25.04%
Free Cash Flow
758.02%
1,183.65%
5,483.09%
Net Income, GAAP
702.3%
27.3%
-31.48%
Sales/Revenue/Turnover
9.87%
16.32%
21.11%
Total Cash Common Dividend
- -
51.2%
15.15%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
227
- -
- -
426
2024
- -
251
- -
- -
476
2025
- -
- -
- -
- -
577

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
0.06
- -
- -
0.09
2024
- -
0.05
- -
- -
0.08
2025
- -
- -
- -
- -
0.07

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.03
2024
- -
- -
- -
- -
0.06
2025
- -
- -
- -
- -
0.08
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Business
Food Empire Holdings Limited manufactures and distributes a diversified range of food and beverage products, including instant beverages such as classic and flavored coffee mixes, cappuccinos, coffee capsules, chocolate drinks, flavored fruit teas, bubble teas, and instant cereal blends; snack foods including potato chips and frozen finger foods; and food ingredients like spray-dried and freeze-dried soluble coffee and non-dairy creamer. The company markets its products under various brand names including MacCoffee, NutriRite, CafeRite, Cafe PHO, Hillway, Klassno, Petrovskaya Slobad, MacTea, MELOSA, Indira, Kracks, and Chizzpa across key global markets primarily in Asia, South Asia, Southeast Asia, Eastern Europe, and Russia. Founded in 1978 and headquartered in Singapore, Food Empire has developed vertical integrations in coffee manufacturing with full-cycle soluble coffee units in India. Recent major company changes include significant capacity expansions and strategic partnerships aimed at growth in Asia. In 2024, Food Empire completed the expansion of its non-dairy creamer manufacturing facility in Malaysia, doubling its production capacity. The snack manufacturing facility also underwent expansion, with commercial production commencing in the second quarter of 2025, boosting the snack business anticipated to deliver higher revenue growth. Food Empire secured a strategic partnership with Ikhlas Capital in 2024, which provided a US$40 million capital injection to support its growth focus in Southeast Asia and South Asia. Additionally, the company signed a memorandum of understanding with Santan Food Services, a subsidiary of Capital A Berhad, to co-develop new ready-to-drink beverage products, including a Vietnamese iced coffee launched for sales on AirAsia flights and selected retail outlets, broadening market access and brand visibility in the region. The group reported record revenue growth through 2024 and 2025, maintaining strong topline expansion driven by its diversified product portfolio and regional investments. Food Empire operates principally in the instant food and beverage industry serving a broad customer base in multiple countries, supported by manufacturing facilities and commercial operations in Singapore, Malaysia, India, and beyond. The company continually invests in enhancing its product range and manufacturing capabilities to sustain its leadership and capitalize on rising demand in key Asian markets. Its product portfolio and geographic footprint reflect a strategy focused on vertical integration and regional market penetration to drive quality growth for the foreseeable future.