Duty Free International (SGX:5SO) Goodwill: S$1.88 Mil (As of Feb. 2026)

What is Duty Free International Goodwill?

Duty Free International SGX:5SO Goodwill is S$1.88 Mil as of Feb. 2026. The stock has 5 warning signs investors should review.

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Duty Free International's goodwill for the quarter that ended in Feb. 2026 was S$1.88 Mil.

Duty Free International (SGX:5SO) Goodwill Explanation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Duty Free International's Goodwill-to-Asset Ratio for the fiscal year that ended in Feb. 2026 is calculated as

Goodwill-to-Asset (A: Feb. 2026 )	=	Goodwill	/	Total Assets
	=	1.884	/	128.313
	=	0.01

Duty Free International's Goodwill-to-Asset Ratio for the quarter that ended in Feb. 2026 is calculated as

Goodwill-to-Asset (Q: Feb. 2026 )	=	Goodwill	/	Total Assets
	=	1.884	/	128.313
	=	0.01

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.

Duty Free International Goodwill Related Terms

Duty Free International Goodwill Historical Data

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The historical data trend for Duty Free International's Goodwill can be seen below:

Duty Free International Goodwill Chart

Duty Free International Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Feb26

Goodwill

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1.87

1.78

1.64

1.76

1.88

Duty Free International Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26
Goodwill	Get a 7-Day Free Trial															1.76	1.77	1.77	1.82	1.88

Duty Free International Goodwill Calculation

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.

Frequently Asked Questions Learn more about Goodwill →

What does a Goodwill of S$1.88 Mil mean?

Duty Free International (SGX:5SO) has a Goodwill of S$1.88 Mil as of Feb. 2026. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on Duty Free International and its competitors.

Is Duty Free International's Goodwill too high?

Duty Free International's current Goodwill is S$1.88 Mil.

How does Duty Free International's Goodwill compare to CASY and WSM?

Duty Free International's Goodwill of S$1.88 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Goodwill for a Retail - Cyclical company?

A good Goodwill depends on the Retail - Cyclical industry context. However, Goodwill should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Goodwill mean?

A high Goodwill can signal that a stock is expensive relative to its fundamentals. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on Duty Free International and its competitors. Duty Free International's current Goodwill is S$1.88 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Duty Free International stock overvalued right now?

Based on GuruFocus' analysis, Duty Free International (SGX:5SO) is currently considered Significantly Undervalued. The stock's GF Value™ is S$0.13, compared to a current price of S$0.07 — trading 50% below its estimated fair value. The current Goodwill is S$1.88 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Goodwill calculated?

Goodwill is calculated from a company's financial statements. For Duty Free International (SGX:5SO), the current Goodwill is S$1.88 Mil as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Duty Free International Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies SGX:1F2 SGX:543 SGX:5BI SGX:AWI TSX:ATD CASY WSM DKS ULTA BBY TSCO SHSE:601888 ADX:ADNOCDIST TPE:3045 FIVE GME MUSA XSWX:AVOL TSE:8136 TSX:CTC.A

Address 138 Cecil Street, No. 12-01A, Cecil Court, Singapore, SGP, 069538

Website https://www.dfi.com.sg

Duty Free International Ltd is a diversified group engaged in the operations of duty-free retail businesses and the manufacture of automotive component parts. Its segments include Trading of duty free goods and non-dutiable merchandise includes revenues from sale of goods, Manufacturing and supplying of automotive component parts includes revenues from sale of goods, and Investment holding and others includes revenues from sale of oil palm fresh fruit bunches. The majority of revenue is derived from Trading of duty free goods and non-dutiable merchandise segment. Beyond its core businesses, DFI also owns the Black Forest Golf and Country Club and oil palm plantation assets. The activities of the company are carried out mainly in Malaysia.