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Sheng Siong Group

OV8.SI
66
Grocery Stores · Consumer Defensive
Price
$3.27
+0.02 (+0.62%)
Market Cap
$4.92B
Exchange
SES
Winston Score
66
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Sep 4, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Good
Growth
Strong
Cash Flow
Strong
Stability
Good
Valuation
Mixed
Dividends
Exceptional

Winston Score History

The full picture

Sheng Siong Group Ltd. operates primarily as an investment holding entity, though its core business revolves around an extensive network of supermarket retail outlets situated throughout Singapore. These stores are renowned for their diverse selection of consumer goods, offering everything from perishable items like fresh seafood, various meats, fruits, and vegetables, to fundamental pantry staples suchles as rice, noodles, cooking oils, and an array of spices. Their inventory also encompasses a broad range of packaged, processed, frozen, and preserved food products, alongside baby and personal hygiene essentials, a variety of beverages including alcoholic options, and general household necessities and toiletries. Beyond its retail operations, the company is involved in broader general trading activities and manages wholesale import and export ventures. Furthermore, Sheng Siong extends its market reach through its dedicated online grocery platform, allforyou.sg. The group boasts a substantial retail presence with 64 branded supermarkets across Singapore, complemented by four additional outlets in Kunming, China. Sheng Siong Group Ltd. was established in 1985 and maintains its corporate headquarters in Singapore.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+11.3% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+11.1% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

S$0/ year

0.0% of revenue

Research and development spending

Cash Position

Cash flow positive

S$402M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Sheng Siong Group is a rare growth stock that's already generating positive cash flow while growing at 11%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 1.50B (2021) → 1.50B (2025)

Score breakdown

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Quality

Profit per sale
Gross Margin
32.8%
Modest — 32.8% gross margin
Profit after running costs
Operating Margin
10.8%
Modest — 10.8% operating margin
Return on the money invested
ROCE
27.4%
Exceptional — 27.4% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+12.3%
Fast-growing sales (+12.3% YoY)
Profit growth
EPS YoY
+12.6%
Earnings growing (+12.6% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
137%
Turns 137% of profit into real cash
Spare cash per sale
FCF Margin
11.7%
Modest free cash flow (11.7%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
30.21x
Comfortably covers interest (30.2x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
31.2x
Pricey — P/E 31.2

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+1.7
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend
Dividend Yield
4.59%
Healthy income — 4.59% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record
Dividend Growth
+11.4%
Dividend growing fast (11.4% YoY)

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