QAF Ltd. (Q01) AI Stock Analysis

• Market Cap: S$581.02M
• Dividend Yield: 5.62%
• Average Volume (3M): 70.18K
• Price to Earnings (P/E): 12.9
• Beta (1Y): 0.20
• Revenue Growth: -0.51%
• EPS Growth: -25.57%
• Country: SG
• Employees: 9,955
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 0.06
• Shares Outstanding: 575,268,430
• 10 Day Avg. Volume: 57,930
• 30 Day Avg. Volume: 70,176
• PEG Ratio: 0.87
• Price to Book (P/B): 1.01
• Price to Sales (P/S): 0.81
• P/FCF Ratio: 12.39
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: S$1.00 ▲(11.11% Upside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 02/25/26

The score is driven primarily by a strong, low-debt balance sheet and generally stable operations, tempered by margin and free-cash-flow volatility. Technicals are supportive with an established uptrend and positive momentum indicators. Valuation is reasonable with a solid dividend yield, adding to the overall attractiveness.

Positive Factors

Conservative balance sheet / low leverage

A very low debt burden and a large equity base improve resilience to demand shocks, reduce interest cost risk, and preserve financial flexibility. This durable strength supports consistent dividend policy, capacity for opportunistic M&A or investment, and lower refinancing risk over months.

Negative Factors

Margin and gross profit volatility

Material swings in gross profit and margins reduce visibility into sustainable profitability and make earnings forecasting difficult. Over several months this heightens risk to dividend consistency and capital allocation, requiring management to stabilize cost or pricing structures.

QAF Ltd. Business Overview & Revenue Model

Company Description

QAF Limited, an investment holding company, engages in the manufacture and distribution of bread, bakery, and confectionery products in Singapore, Australia, the Philippines, Malaysia, and internationally. It operates through Bakery, Distribution ...

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QAF Limited, an investment holding company, engages in the manufacture and distribution of bread, bakery, and confectionery products in Singapore, Australia, the Philippines, Malaysia, and internationally. It operates through Bakery, Distribution ...

How the Company Makes Money

QAF Ltd. generates revenue through multiple streams, primarily from the sale of its food products across various segments. The company profits from its bakery division, which includes bread and pastry products, as well as its dairy segment, which ...

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QAF Ltd. generates revenue through multiple streams, primarily from the sale of its food products across various segments. The company profits from its bakery division, which includes bread and pastry products, as well as its dairy segment, which ...

QAF Ltd. Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	632.93M	633.60M	636.11M	628.59M	577.52M	557.72M
Gross Profit	264.61M	141.72M	302.02M	148.70M	262.65M	264.65M
EBITDA	51.60M	62.48M	73.30M	67.93M	64.66M	60.86M
Net Income	26.14M	39.84M	34.70M	27.48M	19.41M	52.08M
Balance Sheet
Total Assets	612.59M	668.63M	664.28M	669.16M	664.76M	878.16M
Cash, Cash Equivalents and Short-Term Investments	188.61M	214.06M	209.40M	215.68M	216.79M	88.70M
Total Debt	26.15M	23.16M	31.97M	48.92M	41.75M	56.95M
Total Liabilities	134.78M	156.32M	163.24M	180.68M	165.30M	345.83M
Stockholders Equity	475.78M	510.29M	499.68M	486.85M	497.71M	530.55M
Cash Flow
Free Cash Flow	47.64M	41.57M	45.92M	17.87M	25.87M	79.07M
Operating Cash Flow	65.71M	59.36M	65.25M	57.57M	52.45M	109.19M
Investing Cash Flow	-12.04M	-17.02M	-13.15M	-33.42M	94.37M	-23.41M
Financing Cash Flow	-46.05M	-39.26M	-50.70M	-22.96M	-52.95M	-72.68M

QAF Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:Q01, the sentiment is Positive. The current price of 0.9 is below the 20-day moving average (MA) of 1.00, below the 50-day MA of 0.99, and below the 200-day MA of 0.92, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.53 is Neutral, neither overbought nor oversold. The STOCH value of 50.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:Q01.

QAF Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
P34	77 Outperform	S$678.38M	11.33	7.15%	3.56%	-4.54%	-35.71%
Q01	73 Outperform	S$581.02M	12.92	5.33%	5.62%	-0.51%	-25.57%
5JS	70 Outperform	S$579.30M	5.12	8.01%	2.67%	13.03%	35.10%
F03	67 Neutral	S$1.70B	27.90	13.05%	4.60%	13.97%	-49.60%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
MV4	59 Neutral	S$480.21M	6.21	7.17%	2.72%	47.72%	16.14%

QAF Ltd. Corporate Events