FJ Benjamin Holdings Ltd. (F10) AI Stock Analysis

• Market Cap: S$11.87M
• Dividend Yield: N/A
• Average Volume (3M): 1.02M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: -22.91%
• EPS Growth: -169.23%
• Country: SG
• Employees: 1,763
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Retail
• EPS (TTM): -0.01
• Shares Outstanding: 1,187,313,800
• 10 Day Avg. Volume: 201,570
• 30 Day Avg. Volume: 1,018,173
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.56
• Price to Sales (P/S): 0.18
• P/FCF Ratio: 1.30
• 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

• Rating: 48 Neutral
• Price Target: S$0.00 ▼(-100.00% Downside)

FJ Benjamin Holdings Ltd. faces significant financial challenges, with declining revenues and high leverage posing risks. The technical analysis shows no clear trend, and the valuation is unattractive due to a negative P/E ratio and lack of dividends. The absence of earnings call data and corporate events limits additional insights.

FJ Benjamin Holdings Ltd. Business Overview & Revenue Model

Company Description

F J Benjamin Holdings Ltd, an investment holding company, engages in the brand building and management, and development of retail and distribution networks for international luxury and lifestyle brands in Southeast Asia. The company operates through three segments: Ongoing Retail, Distribution, and Export. It is also involved in the import, export, distribution, and retail of consumer fashion wear, accessories, timepieces, beauty, health and wellness products, chocolates, cafe, and home furnishing. The company offers its luxury and lifestyle products under the ABC Design, Be Safe, Cole Haan, EZPZ, Fauré Le Page, Guess, La Senza, Lancel, LilleBaby, Marc Jacobs, Moby, Morphee, Petunia Pickle Bottom, Pretty Ballerinas, Rebecca Minkoff, Sheridan and Superdry brand names, as well as operates a multi-label luxury shoe and lifestyle concept store under the Avenue On 3 brand name. It also distributes timepieces under the Casio, Gc, Guess, Nautica, and Victorinox Swiss Army brands; and air purifier under the Airfree brand, as well as beauty, health, and wellness products under the MZ Skin and Dr. Barbara Strum brands. The company was founded in 1959 and is headquartered in Singapore.

How the Company Makes Money

FJ Benjamin generates revenue primarily through its retail operations, which encompass both physical stores and e-commerce platforms. The company earns money by selling luxury and premium goods sourced from global brands under licensing agreements. Key revenue streams include direct sales from its own retail outlets, wholesale distribution to third-party retailers, and online sales through its digital platforms. Additionally, FJ Benjamin benefits from strategic partnerships with various high-profile brands, which enhance its market presence and allow for shared marketing initiatives, further driving sales. The company's ability to adapt to changing consumer trends and its focus on brand management and marketing contribute significantly to its earnings.

FJ Benjamin Holdings Ltd. Financial Statement Overview

Summary

FJ Benjamin Holdings Ltd. is experiencing significant financial challenges, with declining revenues and profitability issues. The company is highly leveraged, which increases financial risk. However, there are some positive signs in cash flow generation, which could provide a foundation for future recovery.

Income Statement

FJ Benjamin Holdings Ltd. has faced declining revenues with a negative revenue growth rate of -7.46% in the latest year. The company is struggling with profitability, as indicated by a negative net profit margin of -27.33% and negative EBIT and EBITDA margins. The gross profit margin remains relatively stable at 49.46%, but overall, the income statement reflects significant challenges in achieving profitability.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 1.06, indicating significant leverage, which poses a risk. The return on equity is negative at -86.60%, reflecting poor profitability relative to shareholder equity. The equity ratio is not provided, but the overall financial health is concerning due to high leverage and negative returns.

Cash Flow

Cash flow analysis reveals a positive free cash flow growth rate of 14.95%, indicating some improvement in cash generation. The operating cash flow to net income ratio is 0.25, suggesting that operating cash flow is not fully covering net income losses. The free cash flow to net income ratio is relatively high at 0.88, showing that the company is generating cash despite net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	60.71M	60.71M	78.43M	86.45M	80.90M	66.84M
Gross Profit	30.03M	30.03M	37.67M	45.16M	39.95M	33.78M
EBITDA	-5.83M	-5.83M	4.29M	16.10M	17.15M	5.73M
Net Income	-16.59M	-16.59M	-6.13M	3.53M	2.98M	-10.87M
Balance Sheet
Total Assets	60.30M	60.30M	77.93M	83.59M	79.82M	92.64M
Cash, Cash Equivalents and Short-Term Investments	4.56M	4.56M	3.55M	6.19M	12.51M	12.15M
Total Debt	20.30M	20.30M	24.33M	26.61M	25.42M	38.63M
Total Liabilities	41.14M	41.14M	43.23M	43.09M	41.31M	59.37M
Stockholders Equity	19.16M	19.16M	34.74M	40.53M	38.53M	33.27M
Cash Flow
Free Cash Flow	8.20M	8.20M	5.64M	7.36M	15.50M	9.97M
Operating Cash Flow	9.27M	9.27M	7.75M	8.76M	15.56M	10.48M
Investing Cash Flow	-1.06M	-1.06M	-2.11M	-1.40M	5.00K	-398.00K
Financing Cash Flow	-8.85M	-8.85M	-8.28M	-12.47M	-13.65M	-9.42M

FJ Benjamin Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

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 below the 200-day MA of 0.01, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.00 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BHU	―	S$76.26M	9.29	12.06%	―	-1.49%	2.89%
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
F10	―	S$11.87M	―	-61.57%	―	-22.91%	-169.23%

FJ Benjamin Holdings Ltd. Corporate Events

F J Benjamin to End Guess Distribution in Malaysia and Indonesia

F J Benjamin Holdings Ltd has announced that its subsidiary, F J Benjamin (Singapore) Pte Ltd, will end its retail and distribution relationship with Guess Europe Sagl for Guess products in Malaysia and Indonesia by the end of 2025. This decision is expected to have a material financial impact on the company due to Guess being a significant brand in its portfolio. The company is working to ensure a smooth transition with the new distributor in these regions.

F J Benjamin Renews La Senza Retail Agreement in Southeast Asia

F J Benjamin Holdings Ltd has renewed its exclusive retail agreement with La Senza Franchise, LLC to operate the La Senza brand in Malaysia, Singapore, and Indonesia for two years, with an option to extend for three more years. This renewal strengthens F J Benjamin’s market presence in Southeast Asia, continuing a partnership that has been in place for over two decades, and is expected to enhance the company’s operations and brand influence in the region.

F J Benjamin Secures Exclusive Rights for La Vie en Rose in Malaysia and Singapore

F J Benjamin Holdings Ltd has secured exclusive retail rights for the La Vie en Rose brand in Malaysia and Singapore through its subsidiary, F J Benjamin (M) Sdn. Bhd. This agreement, effective from October 15, 2025, is initially set for five years with options for renewal. The partnership is expected to leverage F J Benjamin’s operational strength and market knowledge to establish a strong presence for La Vie en Rose in these markets, enhancing the company’s industry positioning and offering stakeholders potential growth opportunities.