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Employees: 10,236
Size QAF (Q01.SI) is a Singapore Consumer Staples company (Food: Specialty/Candy) with a market value of $408M, the 118th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.91 on 6 Nov 2026.
Performance Over six months the shares fell 10.4%, against -7.1% for the median peer and -1.2% for the Singapore market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 0.2% over the last twelve months (peer median +7.8%); the operating margin is 5.8% (peer median 5.6%).
Valuation It trades at 0.5× enterprise value to sales against a peer median of 1.1× (4th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.7 points above its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$634M | S$634M | S$636M | S$629M | S$578M |
| Revenue growth | — | 0% | +1% | +9% | — |
| Gross profit | S$144M | S$143M | S$153M | S$149M | S$127M |
| EBITDA | S$64.7M | S$62.5M | S$72.3M | S$65.0M | S$55.6M |
| Net income | S$37.8M | S$39.8M | S$34.7M | S$27.5M | S$25.7M |
| Free cash flow | S$38.5M | S$41.6M | S$51.8M | S$23.7M | S$35.1M |
| Capital expenditure | S$14.9M | S$17.8M | S$19.3M | S$39.7M | S$26.6M |
| Total debt | n/a | S$23.2M | S$32.0M | S$48.9M | S$41.8M |
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 | Q01.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.2% | -3.5% | 10th highest of 21 |
| 6-month return | -10.4% | -7.1% | 10th lowest of 21 |
| Distance from 52-week high | -16.2% | -29.7% | 8th highest of 21 |
| Revenue growth (TTM) | +0.2% | +7.8% | 3rd lowest of 21 |
| Operating margin | 5.8% | 5.6% | 10th highest of 21 |
| EV / Sales | 0.5× | 1.1× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -10.6% | 5.3% | 3rd least demanding of 15 |
| Growth delivered (Del g) | +2.4% | +6.6% | 6th lowest of 15 |
| Hurdle (Req g minus delivered) | -13.0 pp | -1.4 pp | 2nd least demanding of 15 |
| ROIC minus cost of capital | +4.7 pp | -0.4 pp | 5th highest of 21 |
| EV / EBITDA | 5.3× | 10.2× | 4th cheapest of 13 |
| Net debt / EBITDA | -2.8× | 0.4× | 2nd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| QAF Q01.SI | Singapore | $408M | -10% | 0% | 6% | 0.5× | -10.6% | +2.4% |
| Qingdao Richen Food 603755.SS | China | $407M | -5% | +11% | 17% | 6.3× | 20.1% | +12.3% |
| Tianshui Zhongxing Bio-Technology 002772.SZ | China | $410M | -54% | +12% | 14% | 1.9× | n/a | n/a |
| Kunshan Asia Aroma 301220.SZ | China | $413M | -35% | +13% | 6% | 2.6× | 10.8% | +12.4% |
| Chalkis Health Industry 000972.SZ | China | $397M | -9% | +17% | -52% | 6.9× | -6.8% | +89.3% |
| Fujiya 2211.T | Japan | $393M | -1% | +6% | 1% | 0.6× | n/a | n/a |
| Once Upon a Farm, PBC OFRM | United States | $389M | -43% | +43% | -6% | 1.0× | n/a | n/a |
| Gourmet Master 2723.TW | Taiwan | $431M | +19% | -11% | 5% | 0.8× | 0.9% | -1.7% |
| Shoei Foods 8079.T | Japan | $435M | +1% | +8% | 4% | 0.6× | n/a | n/a |
| Yasho Industries YASHO.NS | India | $441M | +122% | +35% | 14% | 4.4× | 33.4% | +17.7% |
| Petpal Pet Nutrition Technology 300673.SZ | China | $444M | -26% | +2% | 6% | 2.1× | 7.5% | +1.6% |
| Zhengzhou Qianweiyangchu Food 001215.SZ | China | $451M | -34% | +13% | 5% | 1.3× | 13.9% | +15.0% |
| Bourbon 2208.T | Japan | $451M | +3% | +7% | 6% | 0.5× | -12.1% | +0.3% |
| Daesang 001680.KS | South Korea | $459M | -16% | +2% | 4% | 0.4× | -5.6% | +7.2% |
| Ganso 603886.SS | China | $464M | +1% | +5% | 6% | 0.8× | -11.0% | -1.9% |
| Nitto Fuji Flour Milling 2003.T | Japan | $472M | +14% | 0% | 6% | 1.0× | 3.0% | +5.2% |
| Meito 2207.T | Japan | $342M | +3% | +3% | 3% | 2.3× | n/a | n/a |
| Chen Ke Ming Food Manufacturing 002661.SZ | China | $342M | -22% | 0% | -2% | 1.1× | -3.0% | +1.9% |
| Baolingbao Biology 002286.SZ | China | $500M | -15% | +9% | 6% | 1.2× | 10.0% | +6.0% |
| Advanced Enzyme Technologies ADVENZYMES.NS | India | $333M | -22% | +10% | 25% | 3.3× | 19.1% | +8.3% |
| Lam Soon (Hong Kong) 0411.HK | Hong Kong | $330M | -4% | +5% | 6% | 0.1× | n/a | n/a |