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FJ Benjamin Holdings Ltd. (F10) AI Stock Analysis

SG:F10

FJ Benjamin Holdings Ltd.

(SGX:F10)

Select Model
Rating:41Neutral
Price Target:SGD 0.01â–²(10.00% Upside)
Action:upgraded
Date:01/29/26

The overall score of 41 reflects significant financial challenges, including revenue declines and losses, partially offset by positive cash flow. Technical indicators are mixed, with price above moving averages but overbought RSI suggesting near-term risk. Valuation remains poor due to negative earnings and lack of dividends.

Positive Factors
High gross marginA 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 declineSustained 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.

FJ Benjamin Holdings Ltd. (F10) vs. iShares MSCI Singapore ETF (EWS)

-5%0%5%10%15%20%25%30%SG:F100.00%EWS+12.23%Dec '25Jan '26Feb '26Mar '26
Market Cap
SGD 7.38M
Dividend Yield
―
Average Volume (3M)
―
Price to Earnings (P/E)
-0.5
Beta (1Y)
0.89
Revenue Growth
-40.56%
EPS Growth
-161.43%
Country
Singapore
Employees
1,763
Sector
Consumer Cyclical
Sector Strength
61
Industry
Apparel - Retail

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 channe...

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 drive...

FJ Benjamin Holdings Ltd. Financial Statement Overview

Summary

Revenue declined 7.5% with deepening losses and high leverage, though operating cash flow remains positive. Overall financial health is weak.

Income Statement

18Very Negative

Balance Sheet

22Negative

Cash Flow

48Neutral
Financial statement breakdown
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue51.36M60.71M78.43M86.45M80.90M66.84M
Gross Profit25.37M30.03M37.67M45.16M39.95M33.78M
EBITDA-730.50K853.00K4.29M16.10M17.15M5.73M
Net Income-19.17M-16.59M-6.13M3.53M2.98M-10.87M
Balance Sheet
Total Assets53.09M60.30M77.93M83.59M79.82M92.64M
Cash, Cash Equivalents and Short-Term Investments3.28M4.56M3.55M6.19M12.51M12.15M
Total Debt20.10M20.30M24.33M26.61M25.42M38.63M
Total Liabilities42.48M41.14M43.23M43.09M41.31M59.37M
Stockholders Equity10.62M19.16M34.74M40.53M38.53M33.27M
Cash Flow
Free Cash Flow7.54M8.20M5.64M7.36M15.50M9.97M
Operating Cash Flow9.17M9.27M7.75M8.76M15.56M10.48M
Investing Cash Flow-1.55M-1.06M-2.11M-1.40M5,000-398.00K
Financing Cash Flow-7.75M-8.85M-8.28M-12.47M-13.65M-9.42M

FJ Benjamin Holdings Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price0.01

Price Trends

50DMA0.01Negative
100DMA0.01Negative

Market Momentum

MACD-0.00Neutral
RSI100.00Negative
STOCH100.00Negative

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 compared to the 200-day MA of , indicating a neutral trend. The MACD of -0.00 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

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

SG:F10 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SG:42LSG:42L68NeutralSGD 106.85M4.7214.92%1.40%59.15%80.80%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
SG:F10SG:F1041NeutralSGD 8.05M-0.52-116.13%―-40.56%-161.43%

* Consumer Cyclical Sector Average

Performance Comparison

-25%0%25%50%SG:F10SG:42LSG:5SOSG:5SRSG:C04SG:O9EDec '25Jan '26Feb '26Mar '26
SG:F10 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SG:F10FJ Benjamin Holdings Ltd.0.010.000.00%
SG:42LTaka Jewellery Holdings Ltd.0.190.0534.51%
SG:5SODuty Free International Limited0.06-0.03-37.08%
SG:5SRZhongmin Baihui Retail Group Ltd.0.27-0.19-41.30%
SG:C04Casa Holdings Limited0.09-0.02-20.51%
SG:O9EParkson Retail Asia Limited0.09-0.04-30.40%

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 has...

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 wo...

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: Aug 04, 2026