SGX:533

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet and slightly overvalued.

Share Price & News

How has ABR Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 533's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

533

3.2%

SG Hospitality

1.2%

SG Market


1 Year Return

n/a

533

-17.0%

SG Hospitality

-19.9%

SG Market

Return vs Industry: Insufficient data to determine how 533 performed against the SG Hospitality industry.

Return vs Market: Insufficient data to determine how 533 performed against the SG Market.


Shareholder returns

533IndustryMarket
7 Day0%3.2%1.2%
30 Day-10.8%0.9%-2.6%
90 Day-17.1%-9.0%-15.7%
1 Yearn/a-15.9%-17.0%-16.7%-19.9%
3 Year-14.6%-20.5%-25.6%-31.0%-16.3%-25.4%
5 Year-12.8%-24.2%-10.6%-21.2%-12.3%-27.2%

Price Volatility Vs. Market

How volatile is ABR Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ABR Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 533 (SGD0.58) is trading below our estimate of fair value (SGD5.63)

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


Price To Earnings Ratio

PE vs Industry: 533 is poor value based on its PE Ratio (59.1x) compared to the Hospitality industry average (23.6x).

PE vs Market: 533 is poor value based on its PE Ratio (59.1x) compared to the SG market (11.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: 533 is overvalued based on its PB Ratio (1.2x) compared to the SG Hospitality industry average (0.6x).


Next Steps

Future Growth

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

6.2%

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.


Next Steps

Past Performance

How has ABR Holdings performed over the past 5 years?

-25.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 533 has a large one-off gain of SGD615.0K impacting its December 31 2019 financial results.

Growing Profit Margin: 533's current net profit margins (1.6%) are lower than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: 533's earnings have declined by -25.5% 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 (-26%) over the past year, making it difficult to compare to the Hospitality industry average (-35%).


Return on Equity

High ROE: 533's Return on Equity (2.4%) is considered low.


Next Steps

Financial Health

How is ABR Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 533's short term assets (SGD57.7M) exceed its short term liabilities (SGD32.2M).

Long Term Liabilities: 533's short term assets (SGD57.7M) exceed its long term liabilities (SGD27.0M).


Debt to Equity History and Analysis

Debt Level: 533's debt to equity ratio (0.3%) is considered satisfactory.

Reducing Debt: 533's debt to equity ratio has increased from 0.1% to 0.3% over the past 5 years.

Debt Coverage: 533's debt is well covered by operating cash flow (8778.6%).

Interest Coverage: 533's interest payments on its debt are well covered by EBIT (8.8x coverage).


Balance Sheet


Next Steps

Dividend

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

2.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 533's dividend (2.59%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (2.71%).

High Dividend: 533's dividend (2.59%) is low compared to the top 25% of dividend payers in the SG market (6.52%).


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.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (152.8%), 533's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

15.8yrs

Average management tenure


CEO

Yee Lim Ang (67yo)

15.83yrs

Tenure

Mr. Ang Yee Lim has been Managing Director of ABR Holdings Limited. since July 1, 2004. Mr. Ang has over 20 years’ experience in property development and business management. He holds directorships in seve ...


Leadership Team

NamePositionTenureCompensationOwnership
Tiang Choon Chua
Executive Chairman18.17yrsno data0.15% SGD174.0k
Yee Lim Ang
MD & Executive Director15.83yrsno data50.41% SGD58.8m
Lian Seng Ang
Executive Director19yrsno data1.14% SGD1.3m
Kim Seng Leck
Executive Director18.17yrsno data0.15% SGD174.0k
Soo Noi Ng
Group Chief Financial Officer4.33yrsno datano data
Siang Choo Lee
CEO & Executive Director - Chilli Padi Groupno datano datano data
Bee Fong Lee
Joint Company Secretary1.75yrsno datano data

15.8yrs

Average Tenure

65.5yo

Average Age

Experienced Management: 533's management team is seasoned and experienced (15.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Tiang Choon Chua
Executive Chairman18.17yrsno data0.15% SGD174.0k
Yee Lim Ang
MD & Executive Director15.83yrsno data50.41% SGD58.8m
Lian Seng Ang
Executive Director19yrsno data1.14% SGD1.3m
Kim Seng Leck
Executive Director18.17yrsno data0.15% SGD174.0k
Siang Choo Lee
CEO & Executive Director - Chilli Padi Groupno datano datano data
Tiang Kwang Chua
Non-Executive Director18.17yrsno data0.15% SGD174.0k
Jen Howe Lim
Independent & Non-Executive Director16.75yrsno data0.15% SGD174.0k
Mong Hua Quek
Independent & Non-Executive Director16.75yrsno data0.17% SGD197.2k

18.2yrs

Average Tenure

65yo

Average Age

Experienced Board: 533's board of directors are seasoned and experienced ( 18.2 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.


Top Shareholders

Company Information

ABR Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ABR Holdings Limited
  • Ticker: 533
  • Exchange: SGX
  • Founded: 1978
  • Industry: Restaurants
  • Sector: Consumer Services
  • Market Cap: S$116.578m
  • Shares outstanding: 201.00m
  • Website: https://www.abr.com.sg

Location

  • ABR Holdings Limited
  • No. 03-00, ABR Building
  • 41 Tampines Street 92
  • Singapore
  • 528881
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
533SGX (Singapore Exchange)YesOrdinary SharesSGSGDFeb 1993

Biography

ABR Holdings Limited, an investment holding company, manufactures and sells ice creams in Singapore, Malaysia, and rest of Asia. The company operates through Food and Beverage, Property Investments, and Others. It also manages, operates, franchises, and licenses ice cream parlors cum restaurants, and other specialty restaurants, as well as cafés, snack bars, cafeterias, and food and beverage outlets. The company serves its customers under the Swensen's, Earle Swensen's, Season Confectionary & Bakery, Season Café, Tip Top, Chilli Padi, Chilli Api, Yogen Fruz, Sticky Wings, and Hello Kitty Orchid Garden brands. In addition, it provides services for the manufacture of ice cream and related products; and manages, obtains, and exploits industrial and intellectual rights with respect to the ice cream, fast food, and restaurant businesses. Further, the company is involved in the provision of processing, supply, warehousing, and distribution services; manufacture and retail of food products, including bread, cakes, and confectionery products; and commission agent activities. Additionally, it offers catering services. ABR Holdings Limited was founded in 1978 and is based in Singapore. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 12:52
End of Day Share Price2020/05/21 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.