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Food Innovators Holdings Ltd (KYB) Fair Value & Analysis

Consumer Cyclical · SG · Market cap 20.5M SGD

FI Food Innovators Holdings Ltd KYB · SG
Price0.1150 SGD
Fair Value0.0400 SGD
Upside-65.2%
Quality59/100
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Healthy Growth
Thin margins · 0.4% net margin
High debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 21/100
Evidence: High Range 0.0300 SGD – 0.0500 SGD Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 5 days ago

Fair value updated Aug 13, 2026, revised from 0.0300 SGD to 0.0400 SGD (+33.3%) since Aug 9, 2026. Share price −36.5% over the past month.

A solid business, but screening 65% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (0.0500 SGD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (22 months)

0.2400 SGD 0.1030 SGD Fair Value 0.0400 SGD Oct 2024 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

22‑month range 0.1030 SGD – 0.2400 SGD · fair‑value band 0.0300 SGD – 0.0500 SGD · the 0.1150 SGD price screens above the 0.0400 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Food Innovators Holdings Ltd (KYB) currently trades at 0.1150 SGD, while our model-based Fair Value estimate is 0.0400 SGD, implying the stock looks roughly 65.2% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Food Innovators Holdings Ltd generated revenue of 46.3M SGD at a net margin of 0.4%. Revenue grew 4.1% year over year. It earns a return on equity of 7.5%. Net debt stands at 7.1M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.0300 SGD (bear case) to 0.0500 SGD (bull case); at 0.1150 SGD, the current price sits above 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 52% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -51% fair-value upside, at -65%, KYB screens richer 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 1.17 SGD 1.55 SGD 2.00 SGD 80
Rev-Margin DCF 0.5300 SGD 0.6600 SGD 0.8100 SGD 74
ROIC Compounder 0.0100 SGD 0.0100 SGD 0.0200 SGD 72
All 24 models by family
DCF Models
FCF DCF 1.17 SGD 1.61 SGD 2.14 SGD 38
Owner Earnings 1.03 SGD 1.42 SGD 1.90 SGD 31
5Y Revenue Exit 0.5300 SGD 0.6300 SGD 0.7200 SGD 39
5Y EBITDA Exit 1.20 SGD 1.85 SGD 2.59 SGD 41
5Y P/E Exit 0.5000 SGD 0.5700 SGD 0.6300 SGD 38
10Y Revenue Exit 0.8100 SGD 0.9500 SGD 1.10 SGD 36
10Y EBITDA Exit 1.17 SGD 1.67 SGD 2.30 SGD 37
10Y P/E Exit 0.7900 SGD 0.9100 SGD 1.04 SGD 35
Earnings-Based
Graham-Dodd 0.0100 SGD 0.0300 SGD 0.0400 SGD 54
Lynch FV 0.0100 SGD 0.0100 SGD 0.0100 SGD 50
PEG = 1.0 0.0100 SGD 0.0100 SGD 0.0100 SGD 46
EPV 0.0100 SGD 0.0100 SGD 0.0200 SGD 59
Multiples
P/E Multiple 0.0300 SGD 0.0400 SGD 0.0500 SGD 63
P/S Multiple 0.0200 SGD 0.0300 SGD 0.0400 SGD 58
P/B Multiple 0.0200 SGD 0.0300 SGD 0.0400 SGD 55
EV/EBIT 0.0800 SGD 0.1300 SGD 0.1700 SGD 53
EV/EBITDA 1.40 SGD 1.88 SGD 2.36 SGD 54
EV/Revenue 0.0400 SGD 0.0800 SGD 0.1200 SGD 43
Asset-Based
NCAV (Graham) 0.0100 SGD 0.0100 SGD 0.0200 SGD 50
Growth DCF
Growth DCF 1.17 SGD 1.55 SGD 2.00 SGD 80
Rev-Margin DCF 0.5300 SGD 0.6600 SGD 0.8100 SGD 74
Economic Profit
Residual Income 0.0200 SGD 0.0200 SGD 0.0200 SGD 61
ROIC Compounder 0.0100 SGD 0.0100 SGD 0.0200 SGD 72
Growth Earnings
Growth-Adj P/E 0.0200 SGD 0.0300 SGD 0.0400 SGD 68

Widest divergence: DCF Models (0.9500 SGD) versus Earnings-Based (0.0100 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 46.3M SGD
Revenue growth (YoY) +4.1%
Net margin 0.4%
Return on equity 7.5%
Free cash flow 16.8M SGD FY2026
Operating margin 0.4%
More key figures
Net debt 7.1M SGD FY2026

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 58 · Market factors (momentum, volatility) 4

Profitability 31
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 97
Earnings quality: real cash, not paper profit
Fin. Strength 4
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 82
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

Food Innovators Holdings Limited, an investment holding company, engages in the restaurant business in Japan, Singapore, and Malaysia. The company operates through two segments: Restaurant Leasing and Subleasing Business and Food Retail Business.

Full company description

Food Innovators Holdings Limited, an investment holding company, engages in the restaurant business in Japan, Singapore, and Malaysia. The company operates through two segments: Restaurant Leasing and Subleasing Business and Food Retail Business. It is involved in the restaurants operations; and provides restaurant management consultancy, business management and consultancy, and subleasing services. The company also engages in the sale, lease, and brokerage of real estate; restaurant leasing; and recruitment agency activities. Food Innovators Holdings Limited was incorporated in 2019 and is based in Toshima, Japan. Food Innovators Holdings Limited operates as a subsidiary of FIJ Investment Co., Ltd.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Food Innovators Holdings Ltd reported revenue of 46.3M SGD in FY2026 versus 37.8M SGD in FY2022, a compound +5.2%/yr. Reported net income was 190K SGD in FY2026, compounding −17.1%/yr from FY2022.

Growth Quality 70/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
46.3M SGD
Latest YoY
+7.4%
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.
+5.3%
Revenue +5.2%/yr
FY22 37.8M SGD
FY23 39.7M SGD
FY24 43.8M SGD
FY25 43.1M SGD
FY26 46.3M SGD
Net income −17.1%/yr
FY22 403K SGD
FY23 −3.4M SGD
FY24 1.4M SGD
FY25 −4.1M SGD
FY26 190K SGD

KYB screens 65% overvalued. Compare with McDonald's Corporation →

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Cite: Fair Value Calculator (2026). "Food Innovators Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/KYB

Peer Group

Restaurants · 228 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 59 · Above median
Fair Value upside −65% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 1% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth 4% · Above median
Debt / equity 2.89× · Higher than 75% of peers

Valuation Multiples vs Restaurants median · lower = cheaper

P/B 6.62× · Pricier than 75% of peers
P/S (TTM) 0.35× · Cheaper than median
P/FCF 1.0× · Cheaper than median
EV/EBITDA 12.4× · Pricier than 75% of peers

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 0 · sector 26
FUTURE 21 · sector 19
PAST 30 · sector 14
HEALTH 0 · sector 97
DIVIDEND 0 · sector 71

VALUE 0: the price sits above our fair-value range.

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 Restaurants stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
McDonald's Corporation MCDS C$24.01 C$10.84 -55%
Starbucks Corporation SBUX $108.49 $35.83 -67%
Chipotle Mexican Grill, Inc CMG $32.00 $17.92 -44%
Yum! Brands, Inc YUM $150.34 $58.17 -61%
Restaurant Brands International Inc QSR C$104.50 C$36.37 -65%
Darden Restaurants, Inc DRI $218.90 $173.68 -21%
Yum China Holdings YUMC $47.90 $54.27 +13%
Texas Roadhouse, Inc TXRH $214.28 $104.89 -51%
Dutch Bros Inc BROS $51.02 $12.80 -75%
Domino's Pizza, Inc DPZ $353.72 $227.31 -36%

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Frequently asked questions

Is Food Innovators Holdings Ltd (KYB) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.0400 SGD versus a price of 0.1150 SGD, about −65% (overvalued).
What is the fair value of KYB?
Our model-based fair value for Food Innovators Holdings Ltd is 0.0400 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.1150 SGD.
What is the quality score of KYB?
Food Innovators Holdings Ltd has a Quality Score of 59/100. 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 Food Innovators Holdings Ltd (KYB)?
Food Innovators Holdings Ltd reported trailing-twelve-month revenue of about 46.3M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of KYB?
The net profit margin of Food Innovators Holdings Ltd is about 0.4%, meaning it keeps roughly 0.4% of revenue as net income. 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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