United Food Holdings Ltd. (AZR) AI Stock Analysis

United Food Holdings Ltd.

(SGX:AZR)

Select Model

Rating:46Neutral

Action:upgraded

Date:10/01/26

The overall score is driven primarily by a highly stressed financial profile, with revenues falling to zero, large recurring losses, rapidly shrinking equity, and sustained negative operating and free cash flows, indicating elevated financial risk and questionable sustainability. Valuation metrics offer only limited support, as negative earnings and the lack of dividend yield reduce the investment appeal despite the remaining asset base and absence of financial debt.

Positive Factors

Low reported leverageThe absence of reported debt reduces scheduled repayment and interest obligations, providing some financial stability despite weak earnings. If operations recover, low leverage could preserve borrowing capacity and allow management greater flexibility in funding restructuring or renewed growth.

Negative Factors

Recurring losses and weak profitabilityPersistent net losses and negative operating profit indicate that the current business model is not generating sustainable earnings. Continued losses can consume remaining resources, limit reinvestment, and make a durable turnaround dependent on material improvements in operations or revenue.

United Food Holdings Ltd. Business Overview & Revenue Model

Company Description

United Food Holdings Limited is a Singapore-listed investment holding company operating in three main segments: trading of food products in Hong Kong and mainland China; the manufacture and sale of L-Ascorbyl Palmitate (L-AP), an antioxidant used in...

United Food Holdings Ltd. Financial Statement Overview

Summary

Financial performance is very weak: revenues have collapsed to zero, net losses have surged and remained deeply negative, equity has eroded sharply, and cash flows show persistent operating and free cash outflows, partly offset by the absence of financial debt and still-positive shareholders’ equity.

Income Statement

5Very Negative

Balance Sheet

35Negative

Cash Flow

10Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Jun 2022	Mar 2021
Income Statement
Total Revenue	0	0	0	0	1.31M	59.27M
Gross Profit	-623.28K	-1.27M	0	0	545.04K	5.32M
EBITDA	-82.29M	-677.18K	-89.90M	-7.80M	-10.80M	2.88M
Net Income	-85.90M	-3.86M	-94.03M	-12.07M	-10.12M	-476.00K
Balance Sheet
Total Assets	70.25M	69.32M	71.38M	168.37M	166.50M	182.52M
Cash, Cash Equivalents and Short-Term Investments	279.17K	248.56K	363.00K	733.88K	1.33M	4.84M
Total Debt	0	0	0	9.97M	10.00M	9.99M
Total Liabilities	72.94M	73.11M	70.88M	70.17M	55.73M	62.29M
Stockholders Equity	4.66M	3.46M	7.74M	103.22M	114.89M	123.08M
Cash Flow
Free Cash Flow	-1.60M	-1.21M	-6.95M	0	0	3.50M
Operating Cash Flow	-1.60M	-1.21M	-6.93M	-1.74M	-2.43M	3.52M
Investing Cash Flow	-3,778	0	5.98M	0	0	-15.01M
Financing Cash Flow	1.57M	1.10M	600.00K	1.15M	-1.07M	-4.14M

United Food Holdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SG:AZR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SG:D01	68Neutral	$4.72B	12.13	162.06%	4.78%	-2.61%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SG:AZR	46Neutral	SGD 8.08M	-13.61	-77.34%	―	―	95.80%
SG:5VJ	41Neutral	SGD 653.95M	-5.24	-24.46%	―	-37.91%	-48.95%

* General Sector Average

Performance Comparison

SG:AZR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SG:D01	DFI Retail Group Holdings Ltd	3.49	0.16	4.90%
SG:AZT	NutryFarm International	0.09	0.00	0.00%
SG:5VJ	Halcyon Agri Corp. Ltd.	0.41	0.00	0.00%
SG:TPFD	Charoen Pokphand Foods Public Co Ltd Shs UnSp Singapore Depositary Receipt Repr 2/1 Sh	1.52	-0.14	-8.54%

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.

Date of analysis: Oct 01, 2026

United Food Holdings Ltd. AI Stock Analysis