ABR Holdings (SGX:533) - Share price, News & Analysis

533 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	2/6

533 Stock Overview

ABR Holdings Limited, an investment holding company, manufactures and sells ice creams primarily in Singapore and Malaysia.

Rewards

Trading at 67% below our estimate of its fair value

Risk Analysis

Earnings have declined by 5% per year over past 5 years

Shares are highly illiquid

Large one-off items impacting financial results

Profit margins (3.3%) are lower than last year (7%)

+ 1 more risk

ABR Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ABR Holdings
Historical stock prices
Current Share Price	S$0.45
52 Week High	S$0.50
52 Week Low	S$0.44
Beta	0.081
1 Month Change	-7.22%
3 Month Change	-4.26%
1 Year Change	-2.17%
3 Year Change	-38.36%
5 Year Change	-33.82%
Change since IPO	-55.45%

Shareholder Returns

	533	SG Hospitality	SG Market
7D	0%	-2.3%	-0.4%
1Y	-2.2%	-12.2%	-4.2%

Return vs Industry: 533 exceeded the SG Hospitality industry which returned -12.2% over the past year.

Return vs Market: 533 exceeded the SG Market which returned -4.2% over the past year.

Price Volatility

Is 533's price volatile compared to industry and market?
533 volatility
533 Average Weekly Movement	n/a
Hospitality Industry Average Movement	4.0%
Market Average Movement	4.8%
10% most volatile stocks in SG Market	11.5%
10% least volatile stocks in SG Market	2.2%

Stable Share Price: Insufficient data to determine 533's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine 533's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1979	n/a	Yee Lim Ang	https://www.abr.com.sg

ABR Holdings Limited, an investment holding company, manufactures and sells ice creams primarily in Singapore and Malaysia. The company operates through Food and Beverage, Property Investments, and Others segments. It operates ice cream parlors cum restaurants, and other specialty restaurants.

ABR Holdings Fundamentals Summary

How do ABR Holdings's earnings and revenue compare to its market cap?
533 fundamental statistics
Market Cap	S$90.45m
Earnings (TTM)	S$2.49m
Revenue (TTM)	S$74.63m

36.4x

P/E Ratio

1.2x

P/S Ratio

Is 533 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
533 income statement (TTM)
Revenue	S$74.63m
Cost of Revenue	S$43.71m
Gross Profit	S$30.92m
Other Expenses	S$28.43m
Earnings	S$2.49m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.012
Gross Margin	41.43%
Net Profit Margin	3.33%
Debt/Equity Ratio	5.2%

How did 533 perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

81%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is 533 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 533?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 533. This is calculated by dividing 533's market cap by their current preferred multiple.
What is 533's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	S$90.45m

533 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.1x
Enterprise Value/EBITDA	-15.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 533's PE Ratio compare to its peers?

533 PE Ratio vs Peers

The above table shows the PE ratio for 533 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	22.2x

Forward PE

Price-To-Earnings vs Peers: 533 is expensive based on its Price-To-Earnings Ratio (36.4x) compared to the peer average (22.2x).

Price to Earnings Ratio vs Industry

How does 533's PE Ratio compare vs other companies in the Hospitality Industry?

Price-To-Earnings vs Industry: 533 is expensive based on its Price-To-Earnings Ratio (36.4x) compared to the SG Hospitality industry average (22.7x)

Price to Earnings Ratio vs Fair Ratio

What is 533's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

533 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	36.4x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 533's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 533 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 533 (SGD0.45) is trading below our estimate of fair value (SGD1.37)

Significantly Below Fair Value: 533 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 533's PEG Ratio to determine if it is good value.

Discover undervalued companies

Future Growth

How is ABR Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

46.2%

Forecasted Consumer Services industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ABR Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Discover growth companies

Examine ABR Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
ABR Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has ABR Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-5.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 533 has a large one-off gain of SGD10.3M impacting its December 31 2021 financial results.

Growing Profit Margin: 533's current net profit margins (3.3%) are lower than last year (7%).

Past Earnings Growth Analysis

Earnings Trend: 533's earnings have declined by 5% per year over the past 5 years.

Accelerating Growth: 533's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 533 had negative earnings growth (-58.4%) over the past year, making it difficult to compare to the Hospitality industry average (-10.2%).

Return on Equity

High ROE: 533's Return on Equity (2%) is considered low.

Discover strong past performing companies

Financial Health

How is ABR Holdings's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 533's short term assets (SGD52.2M) exceed its short term liabilities (SGD31.5M).

Long Term Liabilities: 533's short term assets (SGD52.2M) exceed its long term liabilities (SGD19.5M).

Debt to Equity History and Analysis

Debt Level: 533 has more cash than its total debt.

Reducing Debt: 533's debt to equity ratio has increased from 0.2% to 5.2% over the past 5 years.

Debt Coverage: 533's debt is well covered by operating cash flow (374.5%).

Interest Coverage: Insufficient data to determine if 533's interest payments on its debt are well covered by EBIT.

Balance Sheet

Discover healthy companies

Dividend

What is ABR Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

2.22%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 533's dividend (2.22%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (2.3%).

High Dividend: 533's dividend (2.22%) is low compared to the top 25% of dividend payers in the SG market (6.22%).

Stability and Growth of Payments

Stable Dividend: 533's dividend payments have been volatile in the past 10 years.

Growing Dividend: 533's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (80.8%), 533's payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (12.9%), 533's dividend payments are thoroughly covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.4yrs

Average management tenure

CEO

Yee Lim Ang (69 yo)

17.92yrs

Tenure

Mr. Ang Yee Lim has been Managing Director of ABR Holdings Limited since July 1, 2004 and its Executive Director since May 25, 2004. Mr. Ang has experience in property development and business management....

Leadership Team

Experienced Management: 533's management team is seasoned and experienced (6.4 years average tenure).

Board Members

Experienced Board: 533's board of directors are seasoned and experienced ( 19.6 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: 533 insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/24 00:00
End of Day Share Price	2022/06/20 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31