Food Empire HoldingsSGX:F03 +3.69%84 ROE % is 22.12% as of Dec. 2025, which is 91% above its 10-year median of 11.58. GuruFocus rates SGX:F03 with a GF Score™ of 84/100 and a GF Value™ of S$1.17 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 110 Beverages - Non-Alcoholic companies, Food Empire Holdings ranks worse than 50.91% on this metric.
The historical rank and industry rank for Food Empire Holdings's ROE % or its related term are showing as below:
SGX:F03'
s ROE % Range Over the Past 10 Years
Min: 8.52 Med: 11.58 Max: 23.74
Current: 10.97
During the past 13 years, Food Empire Holdings's highest ROE % was 23.74%. The lowest was 8.52%. And the median was 11.58%.
SGX:F03's ROE % is ranked worse than 50.91% of 110
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 11.06
vs SGX:F03: 10.97
Food Empire Holdings (SGX:F03) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
* 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.
For the Beverages - Non-Alcoholic subindustry, Food Empire Holdings's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Food Empire Holdings ROE % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Food Empire Holdings's ROE % distribution charts can be found below:
* The bar in red indicates where Food Empire Holdings's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Food Empire Holdings (SGX:F03) has a ROE % of 22.12% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Food Empire Holdings and its competitors. This is 91% above median its historical median of 11.58. Over the past decade, Food Empire Holdings' ROE % has ranged from 8.52 to 23.74. According to the industry distribution chart, Food Empire Holdings ranks #56 out of 110 companies in the Beverages - Non-Alcoholic industry, placing it in the top 50.9%.
Is Food Empire Holdings' ROE % too high?
Food Empire Holdings' current ROE % of 22.12% is 91% above median its 10-year median of 11.58. Over the past 10 years, this metric has ranged from a low of 8.52 to a high of 23.74. The Beverages - Non-Alcoholic industry median ROE % is 11.06. Food Empire Holdings' value of 22.12% is 100% above this industry median. Based on the distribution chart, Food Empire Holdings ranks #56 out of 110 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, Food Empire Holdings has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Food Empire Holdings' ROE % compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Food Empire Holdings ranks #56 out of 110 companies for ROE %. This places Food Empire Holdings in the lower half of its industry. The industry median ROE % is 11.06. Food Empire Holdings' value of 22.12% is 100% above this benchmark. Historically, Food Empire Holdings' own ROE % has ranged from 8.52 to 23.74 over the past decade. While the company's 10-year median is 11.58 vs. the industry median of 11.06, Food Empire Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Beverages - Non-Alcoholic company?
The median ROE % among Beverages - Non-Alcoholic companies is 11.06, based on 110 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Food Empire Holdings's current ROE % of 22.12% is 100% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Food Empire Holdings and its competitors. For the Beverages - Non-Alcoholic industry, the median ROE % is 11.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Food Empire Holdings's current ROE % is 22.12%, which is 91% above median its own 10-year median of 11.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Food Empire Holdings stock overvalued right now?
Based on GuruFocus' analysis, Food Empire Holdings (SGX:F03) is currently considered Significantly Overvalued. The stock's GF Value™ is S$1.17, compared to a current price of S$2.53 — trading 116.2% above its estimated fair value. The current ROE % is 22.12%, which is 91% above median its 10-year median of 11.58 and 100% above the Beverages - Non-Alcoholic industry median of 11.06. Food Empire Holdings' overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Food Empire Holdings (SGX:F03), the current ROE % is 22.12% as of Dec. 2025. 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.
Is Food Empire Holdings (SGX:F03) Overvalued in 2026?
Based on GuruFocus' analysis, Food Empire Holdings stock appears to be overvalued.
The current stock price of S$2.53 is trading 116.2% above its estimated GF Value™ of S$1.17.
GuruFocus considers Food Empire Holdings to be Significantly Overvalued.
Key valuation signals for SGX:F03:
ROE %: 22.12% (91% above median its 10-year median of 11.58)
GF Value™: S$1.17 vs. price of S$2.53 (116.2% above fair value)
Industry Position: 100% above the Beverages - Non-Alcoholic median (#56 of 110)
No single metric tells the full story. See the SGX:F03 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Food Empire Holdings Ltd is principally an investment holding company. Along with its subsidiaries, it operates as a multinational food and beverage manufacturing and distribution group. The company's primary business is instant coffee beverages, which are retailed under its flagship MacCoffee and CafePHO brands. It offers a range of other beverages such as tea and hot chocolate under its family of proprietary brands including Petrovskaya Sloboda, Klassno and Hillway. The Group is also involved in the snack manufacturing and distribution business under its Kracks brand. The company is organised into six reportable segments based on geographical locations, namely Russia, South-East Asia, Central Asia, South Asia, Europe, and Others. The majority of revenue is derived from Russia.
84GF Score
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