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Sheng Siong Group Ltd.
(SGX:OV8)
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Rating:71Outperform
Price Target:
S$3.00
▼(-6.25% Downside)
Action:Upgraded
Date:07/30/26
The score is supported primarily by strong financial quality—solid margins, low leverage, and high ROE—partly offset by recent operating-margin compression and weaker TTM free-cash-flow performance. Technicals are mixed (minor short-term weakness but still above key longer-term averages), while valuation is a headwind due to a high P/E and only moderate dividend yield.
Positive Factors
Strong Profitability
Sheng Siong has maintained strong grocery-retailing profitability, with healthy gross and net margins and rising net income over several years. This supports internal funding capacity, reinforces the resilience of its everyday-needs model, and provides a foundation for continued operating investment.
Negative Factors
Operating Margin Pressure
Operating profitability has weakened despite continued business activity, suggesting costs are rising faster than sales. If this pressure persists, it could limit earnings growth, reduce the benefit of revenue expansion, and require tighter pricing, sourcing, or expense management to protect returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
Sheng Siong has maintained strong grocery-retailing profitability, with healthy gross and net margins and rising net income over several years. This supports internal funding capacity, reinforces the resilience of its everyday-needs model, and provides a foundation for continued operating investment.
Read all positive factors
Sheng Siong Group Ltd. (OV8) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$4.27B
Dividend Yield2.66%
Average Volume (3M)3.36M
Price to Earnings (P/E)27.1
Beta (1Y)0.54
Revenue Growth12.27%
EPS Growth12.78%
CountrySG
Employees2,500
SectorConsumer Defensive
Sector Strength42
IndustryGrocery Stores
Share Statistics
EPS (TTM)0.11
Shares Outstanding1,503,537,000
10 Day Avg. Volume3,729,000
30 Day Avg. Volume3,357,830
Financial Highlights & Ratios
PEG Ratio3.06
Price to Book (P/B)6.72
Price to Sales (P/S)2.52
P/FCF Ratio17.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$3.29Price Target Upside2.66% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)0.11
Revenue Forecast (FY)S$1.72B
Sheng Siong Group Ltd. Business Overview & Revenue Model
Company Description
Sheng Siong Group Ltd. operates primarily as an investment holding entity, though its core business revolves around an extensive network of supermarket retail outlets situated throughout Singapore. These stores are renowned for their diverse selec...
How the Company Makes Money
Sheng Siong makes money mainly by retailing consumer staples through its supermarket network. Its core revenue stream is sales of groceries and everyday household products to walk-in shoppers, spanning fresh items (e.g., vegetables, fruit, meat/se...
Sheng Siong Group Ltd. Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
87
Very Positive
Cash Flow
76
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.66B | 1.57B | 1.43B | 1.37B | 1.34B | 1.37B |
| Gross Profit | 528.44M | 491.63M | 435.47M | 410.53M | 393.50M | 393.29M |
| EBITDA | 233.39M | 248.93M | 230.87M | 219.65M | 218.41M | 214.96M |
| Net Income | 157.94M | 149.46M | 137.52M | 133.65M | 133.30M | 132.83M |
Balance Sheet | ||||||
| Total Assets | 1.01B | 1.07B | 935.14M | 830.19M | 785.12M | 739.02M |
| Cash, Cash Equivalents and Short-Term Investments | 402.32M | 435.50M | 353.36M | 324.40M | 275.50M | 246.64M |
| Total Debt | 159.18M | 174.45M | 125.62M | 101.33M | 95.65M | 81.69M |
| Total Liabilities | 397.80M | 480.61M | 396.80M | 333.21M | 329.94M | 322.69M |
| Stockholders Equity | 611.90M | 588.02M | 534.92M | 493.77M | 452.25M | 413.41M |
Cash Flow | ||||||
| Free Cash Flow | 194.12M | 224.93M | 200.80M | 178.14M | 158.01M | 141.01M |
| Operating Cash Flow | 215.84M | 245.79M | 218.99M | 188.29M | 166.81M | 172.70M |
| Investing Cash Flow | -26.46M | -21.51M | -54.35M | -10.05M | -4.97M | -30.32M |
| Financing Cash Flow | -154.89M | -142.09M | -136.90M | -129.46M | -133.48M | -149.88M |
Sheng Siong Group Ltd. Technical Analysis
Negative
3.20
Price Trends
3.11
Negative
3.17
Negative
2.99
Negative
Market Momentum
-0.09
Positive
25.92
Positive
31.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:OV8, the sentiment is Negative. The current price of 3.2 is above the 20-day moving average (MA) of 2.93, above the 50-day MA of 3.11, and above the 200-day MA of 2.99, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 25.92 is Positive, neither overbought nor oversold. The STOCH value of 31.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:OV8.
Sheng Siong Group Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | S$4.27B | 27.07 | 26.48% | 2.66% | 12.27% | 12.78% | |
68 Neutral | S$526.37M | 13.92 | 7.58% | 5.46% | 0.21% | 44.93% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | S$1.95B | 12.68 | 5.02% | 4.10% | -2.52% | -6.24% | |
52 Neutral | S$101.09M | 1.48 | -7.79% | 0.91% | -49.36% | ― | |
48 Neutral | S$20.41B | 11.13 | 6.47% | 4.59% | 6.32% | 16.58% |
* Consumer Defensive Sector Average
SG:OV8
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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.