This post is inspired from a conversation I had with Jeremy Ow and Sysy on InvestingNote regarding consumer staples stocks. Nongshim is one among many instant noodles brands you can find on the shelves of supermarkets in Singapore. I have tried their instant noodles, but was unaware that they were a listed company until I stumbled upon the very same name being reflected on a list of Asian consumer staples stocks.

Let us take a look at their financials.


Revenue is in Korean Won in billions. From the above chart, it could be observed that revenue is flattish over the last 5 years.

If we look at revenue growth in percentage terms, the numbers fluctuate quite a fair bit. Over the 5-year period, the highest percentage growth in revenue over the previous year occurred in 2015. In two other years, there was negative growth in revenue.

Revenue by Product Category

The above screenshot shows the …