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F J BENJAMIN HOLDINGS LTD (F10) Fair Value & Analysis

Consumer Cyclical · SG · Market cap 9.5M SGD

FJ F J BENJAMIN HOLDINGS LTD F10 · SG
Price0.0070 SGD
Fair Value0.0080 SGD
Upside+14.3%
Quality46/100
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Weak Growth
Loss-making · -39.8% net margin
Low debt · generates free cash flow
Trails peers (4/11)
Narrow moat 0/100
Evidence: Medium Range 0.0074 SGD – 0.0092 SGD Share as image

Fair value as of: Aug 13, 2026

From 11 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from 0.0093 SGD to 0.0080 SGD (−14.1%) since Aug 9, 2026.

Below-average quality, screening 14% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.0074 SGD). The market is more pessimistic than our downside scenario.
  • Our model range runs from 0.0074 SGD (bear) to 0.0092 SGD (bull), base 0.0080 SGD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 46/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

0.0380 SGD 0.0060 SGD Fair Value 0.0080 SGD May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.0060 SGD – 0.0380 SGD · fair‑value band 0.0074 SGD – 0.0092 SGD · the 0.0070 SGD price screens below the 0.0080 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

F J BENJAMIN HOLDINGS LTD (F10) currently trades at 0.0070 SGD, while our model-based Fair Value estimate is 0.0080 SGD, implying the stock looks roughly 14.3% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, F J BENJAMIN HOLDINGS LTD generated revenue of 54.6M SGD at a net margin of -39.8%. Revenue declined 32.3% year over year. It earns a return on equity of -92.3%. Net debt stands at 10.5M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.0074 SGD (bear case) to 0.0092 SGD (bull case); at 0.0070 SGD, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 53% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -50% fair-value upside, at 14%, F10 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 0.0400 SGD 0.0500 SGD 0.0600 SGD 80
Rev-Margin DCF 0.0400 SGD 0.0600 SGD 0.0800 SGD 74
EV/EBITDA 0.0400 SGD 0.0600 SGD 0.0700 SGD 54
All 11 models by family
DCF Models
FCF DCF 0.0400 SGD 0.0500 SGD 0.0600 SGD 38
Owner Earnings 0.0100 SGD 31
5Y Revenue Exit 0.0400 SGD 0.0600 SGD 0.0800 SGD 39
5Y EBITDA Exit 0.0400 SGD 0.0500 SGD 0.0700 SGD 41
10Y Revenue Exit 0.0400 SGD 0.0500 SGD 0.0600 SGD 36
10Y EBITDA Exit 0.0400 SGD 0.0400 SGD 0.0500 SGD 37
Multiples
EV/EBITDA 0.0400 SGD 0.0600 SGD 0.0700 SGD 54
EV/Revenue 0.0500 SGD 0.0600 SGD 0.0800 SGD 43
Asset-Based
NCAV (Graham) 0.0100 SGD 0.0200 SGD 0.0300 SGD 50
Growth DCF
Growth DCF 0.0400 SGD 0.0500 SGD 0.0600 SGD 80
Rev-Margin DCF 0.0400 SGD 0.0600 SGD 0.0800 SGD 74

Widest divergence: Multiples (0.0600 SGD) versus Asset-Based (0.0200 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 54.6M SGD
Revenue growth (YoY) -32.3%
Net margin -39.8%
Return on equity -92.3%
Free cash flow 5.6M SGD FY2024
Operating margin -37.9%
More key figures
EPS (TTM) -0.0200 SGD
EPS growth (YoY) -59.4%
Net debt 10.5M SGD FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 48 · Market factors (momentum, volatility) 20

Profitability 33
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 63
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

F J BENJAMIN HOLDINGS LTD reported revenue of 78.4M SGD in FY2024 versus 92.9M SGD in FY2020, a compound −4.1%/yr. Reported net income was −6.1M SGD in FY2024.

Growth Quality 10/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2024)
78.4M SGD
Latest YoY
−9.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−9.8%
Avg. growth/yr (10Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−14.5%
Revenue −4.1%/yr
FY20 92.9M SGD
FY21 66.8M SGD
FY22 80.9M SGD
FY23 86.5M SGD
FY24 78.4M SGD
Net income
FY20 −15.0M SGD
FY21 −10.9M SGD
FY22 3.0M SGD
FY23 3.5M SGD
FY24 −6.1M SGD

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Cite: Fair Value Calculator (2026). "F J BENJAMIN HOLDINGS LTD Fair Value". https://www.fairvalue-calculator.com/stock/F10

Peer Group

Apparel Retail · 108 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 46 · Bottom 25%
Fair Value upside +15% · Above median
Return on assets -9% · Bottom 25%
Net margin (TTM) -40% · Bottom 25%
Operating margin (TTM) -38% · Bottom 25%
Revenue growth -32% · Bottom 25%
Debt / equity 0.04× · Higher than median

Valuation Multiples vs Apparel Retail median · lower = cheaper

P/B 0.21× · Cheaper than 75% of peers
P/S (TTM) 0.14× · Cheaper than 75% of peers
P/FCF 1.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 53 · sector 37
FUTURE 0 · sector 18
PAST 0 · sector 36
HEALTH 98 · sector 100
DIVIDEND 0 · sector 57

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Apparel Retail stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Industria de Diseño Textil, S.A ITX 246.10 PLN 189.40 PLN -23%
The TJX Companies, Inc TJX $152.61 $84.95 -44%
Fast Retailing Co 6288 HK$37.80 HK$15.21 -60%
Ross Stores, Inc ROST $248.25 $118.41 -52%
Burlington Stores, Inc BURL $353.63 $143.65 -59%
Trent Limited TRENT ₹2,990 ₹709.49 -76%
lululemon athletica inc., LULU $120.87 $299.63 +148%
Aritzia Inc ATZ C$140.07 C$70.30 -50%
The Gap, Inc GAP $20.60 $36.44 +77%
Metro Brands Limited METROBRAND ₹943.80 ₹311.41 -67%

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Frequently asked questions

Is F J BENJAMIN HOLDINGS LTD (F10) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.0080 SGD versus a price of 0.0070 SGD, about +14% (undervalued).
What is the fair value of F10?
Our model-based fair value for F J BENJAMIN HOLDINGS LTD is 0.0080 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.0070 SGD.
What is the quality score of F10?
F J BENJAMIN HOLDINGS LTD has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of F J BENJAMIN HOLDINGS LTD (F10)?
F J BENJAMIN HOLDINGS LTD reported trailing-twelve-month revenue of about 54.6M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of F10?
The net profit margin of F J BENJAMIN HOLDINGS LTD is about -39.8%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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