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FJ Benjamin Holdings Ltd.
(SGX:F10)
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Rating:50Neutral
Price Target:
S$0.01
▲(0.00% Upside)
Action:Reiterated
Date:08/04/26
The score is held down primarily by weak financial performance—declining revenue, significant losses, and high leverage—partly offset by improving free cash flow. Technical and valuation assessments are constrained by missing indicators and an uninformative negative P/E, resulting in a neutral-to-cautious overall rating.
Positive Factors
High gross margin
A near-50% gross margin indicates durable product-level pricing power and favorable supplier/brand economics. Structurally this provides a buffer to absorb operating costs and markdowns in retail cycles, improving the company’s ability to recover toward profitability over several quarters.
Negative Factors
Revenue decline
Sustained revenue decline undermines scale economics in retail and raises the fixed-cost burden per unit sold. Over 2–6 months this trend can erode store productivity, weaken bargaining power with brand principals, and make margin recovery harder absent clear demand or assortment improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margin
A near-50% gross margin indicates durable product-level pricing power and favorable supplier/brand economics. Structurally this provides a buffer to absorb operating costs and markdowns in retail cycles, improving the company’s ability to recover toward profitability over several quarters.
Read all positive factors
FJ Benjamin Holdings Ltd. (F10) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$7.38M
Dividend YieldN/A
Average Volume (3M)660.41K
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue Growth-40.56%
EPS Growth-161.43%
CountrySG
Employees1,763
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)-0.02
Shares Outstanding1,229,313,800
10 Day Avg. Volume191,130
30 Day Avg. Volume660,410
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.56
Price to Sales (P/S)0.18
P/FCF Ratio1.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FJ Benjamin Holdings Ltd. Business Overview & Revenue Model
Company Description
Established in Singapore in 1959, F J Benjamin Holdings Ltd functions as an investment holding company primarily dedicated to building and managing international luxury and lifestyle brands, as well as cultivating their retail and distribution cha...
How the Company Makes Money
The company makes money primarily by selling branded fashion and lifestyle products to consumers through its retail operations. Revenue is generated from (1) direct retail sales via company-operated stores and points of sale, where earnings are dr...
FJ Benjamin Holdings Ltd. Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 42.01M | 60.71M | 78.43M | 86.45M | 80.90M | 66.84M |
| Gross Profit | 20.71M | 30.03M | 37.67M | 45.16M | 39.95M | 33.78M |
| EBITDA | -8.13M | -5.83M | 4.29M | 16.10M | 17.15M | 5.73M |
| Net Income | -21.75M | -16.59M | -6.13M | 3.53M | 2.98M | -10.87M |
Balance Sheet | ||||||
| Total Assets | 53.09M | 60.30M | 77.93M | 83.59M | 79.82M | 92.64M |
| Cash, Cash Equivalents and Short-Term Investments | 3.28M | 4.56M | 3.55M | 6.19M | 12.51M | 12.15M |
| Total Debt | 20.10M | 20.30M | 24.33M | 26.61M | 25.42M | 38.63M |
| Total Liabilities | 42.48M | 41.14M | 43.23M | 43.09M | 41.31M | 59.37M |
| Stockholders Equity | 10.62M | 19.16M | 34.74M | 40.53M | 38.53M | 33.27M |
Cash Flow | ||||||
| Free Cash Flow | 6.89M | 8.20M | 5.64M | 7.36M | 15.50M | 9.97M |
| Operating Cash Flow | 9.08M | 9.27M | 7.75M | 8.76M | 15.56M | 10.48M |
| Investing Cash Flow | -2.04M | -1.06M | -2.11M | -1.40M | 5.00K | -398.00K |
| Financing Cash Flow | -6.66M | -8.85M | -8.28M | -12.47M | -13.65M | -9.42M |
FJ Benjamin Holdings Ltd. Technical Analysis
Negative
0.01
Price Trends
0.01
Negative
0.01
Negative
Market Momentum
>-0.01
Neutral
100.00
Negative
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:F10, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of >-0.01 indicates Neutral momentum. The RSI at 100.00 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:F10.
FJ Benjamin Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
SG:F10
FJ Benjamin Holdings Ltd.
0.01
0.00
0.00%
SG:42L
Taka Jewellery Holdings Ltd.
0.20
0.08
70.69%
SG:5SO
Duty Free International Limited
0.07
>-0.01
-9.33%
SG:5SR
Zhongmin Baihui Retail Group Ltd.
0.39
-0.10
-20.41%
SG:C04
Casa Holdings Limited
0.12
<0.01
1.77%
SG:O9E
Parkson Retail Asia Limited
0.12
-0.05
-28.05%
FJ Benjamin Holdings Ltd. Corporate Events
F J Benjamin Wins Appeal Ruling in Hong Kong Baby Products Dispute
Aug 4, 2026
F J Benjamin Holdings has updated shareholders on legal proceedings involving its subsidiary FJBS and a former supplier of baby products, following a dispute over the non-renewal of an exclusive distributorship agreement. The Hong Kong High Court ...
F J Benjamin Fully Utilises Share Placement Proceeds for Working Capital
Jul 21, 2026
F J Benjamin Holdings Ltd has completed a placement of 42 million new shares, raising gross proceeds of S$302,400 and net proceeds of approximately S$272,400 after expenses. The company has fully deployed these funds into the group’s general...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.