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Size Delfi (P34.SI) is a Singapore Consumer Staples company (Food: Specialty/Candy) with a market value of $328M, the 133rd largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.69 on 6 Nov 2026.
Performance Over six months the shares fell 33.5%, against -9.3% for the median peer and -1.2% for the Singapore market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 2.0% over the last twelve months (peer median +9.0%); the operating margin is 6.5% (peer median 5.8%).
Valuation It trades at 10.5× forward earnings against a peer median of 18.9× (2nd cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -13% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.5 points above its cost of capital (5.0% WACC).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$651M | S$653M | S$672M | S$723M | S$658M |
| Revenue growth | — | -3% | -7% | +10% | — |
| Gross profit | S$167M | S$173M | S$184M | S$205M | S$199M |
| EBITDA | S$59.8M | S$69.2M | S$79.4M | S$99.8M | S$101M |
| Net income | S$43.6M | S$43.4M | S$45.4M | S$62.1M | S$60.5M |
| Free cash flow | S$31.4M | S$88.6M | S$30.1M | S$652,770 | S$4.60M |
| Capital expenditure | S$9.88M | S$12.2M | S$38.7M | S$31.9M | S$5.44M |
| Total debt | n/a | S$22.3M | S$41.8M | S$54.0M | S$28.4M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | P34.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.7% | -6.0% | 7th highest of 21 |
| 6-month return | -33.5% | -9.3% | 4th lowest of 21 |
| Distance from 52-week high | -45.2% | -30.8% | 5th lowest of 21 |
| Revenue growth (TTM) | -2.0% | +9.0% | 2nd lowest of 21 |
| Operating margin | 6.5% | 5.8% | 7th highest of 21 |
| Forward P/E | 10.5× | 18.9× | 2nd cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -12.8% | 4.2% | least demanding of 11 |
| Growth delivered (Del g) | +4.2% | +5.4% | 6th highest of 11 |
| Hurdle (Req g minus delivered) | -17.0 pp | +0.4 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +8.5 pp | -0.7 pp | 2nd highest of 21 |
| EV / EBITDA | 5.6× | 10.2× | 5th cheapest of 15 |
| Net debt / EBITDA | -1.4× | 0.9× | 4th least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Delfi P34.SI | Singapore | $328M | -34% | -2% | 7% | 10.5× | -12.8% | +4.2% |
| Lam Soon (Hong Kong) 0411.HK | Hong Kong | $330M | -4% | +5% | 6% | n/a | n/a | n/a |
| Gopal Snacks GOPAL.NS | India | $324M | -26% | +20% | 5% | 40.9× | n/a | n/a |
| Advanced Enzyme Technologies ADVENZYMES.NS | India | $333M | -22% | +10% | 25% | 18.9× | 19.1% | +8.3% |
| KOIKE-YA 2226.T | Japan | $321M | +2% | +3% | 7% | n/a | n/a | n/a |
| Chen Ke Ming Food Manufacturing 002661.SZ | China | $342M | -22% | 0% | -2% | n/a | -3.0% | +1.9% |
| Meito 2207.T | Japan | $342M | +3% | +3% | 3% | 12.0× | n/a | n/a |
| Bonduelle SCA BON.PA | France | $294M | 0% | -1% | 4% | 6.8× | -3.4% | +0.2% |
| YEST 122640.KS | South Korea | $283M | -32% | +10% | 6% | 18.5× | n/a | n/a |
| ADF Foods ADFFOODS.NS | India | $280M | -10% | +19% | 16% | 19.2× | n/a | n/a |
| Once Upon a Farm, PBC OFRM | United States | $389M | -43% | +43% | -6% | n/a | n/a | n/a |
| Fujiya 2211.T | Japan | $393M | -1% | +6% | 1% | n/a | n/a | n/a |
| Chalkis Health Industry 000972.SZ | China | $397M | -9% | +17% | -52% | n/a | -6.8% | +89.3% |
| Qingdao Richen Food 603755.SS | China | $407M | -5% | +11% | 17% | 33.2× | 20.1% | +12.3% |
| QAF Q01.SI | Singapore | $408M | -10% | 0% | 6% | n/a | -10.6% | +2.4% |
| Tianshui Zhongxing Bio-Technology 002772.SZ | China | $410M | -54% | +12% | 14% | n/a | n/a | n/a |
| Kunshan Asia Aroma 301220.SZ | China | $413M | -35% | +13% | 6% | 24.8× | 10.8% | +12.4% |
| Gourmet Master 2723.TW | Taiwan | $431M | +19% | -11% | 5% | 14.8× | 0.9% | -1.7% |
| Shoei Foods 8079.T | Japan | $435M | +1% | +8% | 4% | 17.6× | n/a | n/a |
| Yasho Industries YASHO.NS | India | $441M | +122% | +35% | 14% | n/a | 33.4% | +17.7% |
| Petpal Pet Nutrition Technology 300673.SZ | China | $444M | -26% | +2% | 6% | 45.6× | 7.5% | +1.6% |