New Risk • Jun 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.72m (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 50% per year over the past 5 years. Market cap is less than US$10m (€8.72m market cap, or US$9.90m). Minor Risk Significant insider selling over the past 3 months (€1.6m sold). Duyuru • Apr 14
Soup Holdings Limited, Annual General Meeting, Apr 29, 2026 Soup Holdings Limited, Annual General Meeting, Apr 29, 2026, at 09:00 Singapore Standard Time. Location: 150 kampong ampat, 04-01 ka centre, singapore 368324, Singapore Duyuru • Feb 17
Soup Holdings Limited Provides Earnings Guidance for the Financial Year Ending 31 December 2025 Soup Holdings Limited provided earnings guidance for the financial year ending 31 December 2025. For the year, the Company expects to report a loss, lower than the loss recorded in the previous financial year. The expected loss is primarily due to the following factors: The underperformance of one outlet and a central kitchen, which incurred losses during their initial years of operation as part of the Company's expansion. The Company has implemented cost-cutting initiatives to mitigate further losses; Impairment losses of plant and equipment and right-of-use assets, which are non-cash items, related to three underperforming business units; A decline in revenue from the food processing, distribution, and procurement services segment due to the expiration of contracts for the supply of ready meals, amid market saturation and challenging macroeconomic conditions. Duyuru • Apr 30
Soup Holdings Limited Approves to Declare A Final (Tax Exempt One- Tier) Dividend for the Financial Year Ended 31 December 2024 Soup Holdings Limited at its AGM held on 29 April 2025, approved To declare a final (tax exempt one- tier) dividend of 0.05 cent per ordinary share for the financial year ended 31 December 2024. Buy Or Sell Opportunity • Sep 10
Now 32% overvalued Over the last 90 days, the stock has fallen 7.9% to €0.035. The fair value is estimated to be €0.027, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 6.6%. New Risk • Sep 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (120% payout ratio). Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (€13.6m market cap, or US$15.0m). New Risk • Aug 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.1% Last year net profit margin: 4.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (120% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (€13.5m market cap, or US$14.8m). Declared Dividend • Apr 29
Dividend of S$0.003 announced Shareholders will receive a dividend of S$0.003. Ex-date: 10th May 2024 Payment date: 27th May 2024 Dividend yield will be 7.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 62% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.5% EPS decline seen over the last 5 years. Duyuru • Apr 26
Soup Holdings Limited Announces Changes to its Board and Change in Composition of the Board of Directors and Board Committees Soup Holdings Limited announced that Mr. Toh Quok Hua (‘Mr Toh’) will be appointed as an Independent Director of the Company with effect from 27 April 2024. In conjunction with the appointment, Mr. Toh will be appointed as Chairman of the Audit Committee, and a member of the Nominating Committee and Remuneration Committee. Upon Professor Cham's retirement, Mr. Tan Choon Seng (‘Mr Tan’) will be re-designated from Independent Director to Non-Executive Chairman and Independent Director of the Company. Subsequent to the above changes, the composition of the Board and the Board Committees of the Company will be as follows:- Board of Directors Tan Choon Seng (Non-Executive Chairman and Independent Director), Teh Bee Gek (Independent Director), Toh Quok Hua (Independent Director), Wong Wei Teck (Joint Managing Director and Executive Director), Wong Chi Keong (Joint Managing Director and Executive Director), Then Khek Khoon (Executive Director), Audit Committee: Toh Quok Hua (Chairman), Tan Choon Seng (Member), Teh Bee Gek (Member), Nominating Committee: Teh Bee Gek (Chairman), Tan Choon Seng (Member), Toh Quok Hua (Member), Wong Wei Teck (Member), Remuneration Committee: Tan Choon Seng (Chairman), Toh Quok Hua (Member), Teh Bee Gek (Member). Reported Earnings • Apr 15
Full year 2023 earnings released: EPS: S$0.006 (vs S$0.005 in FY 2022) Full year 2023 results: EPS: S$0.006 (up from S$0.005 in FY 2022). Revenue: S$41.2m (up 9.4% from FY 2022). Net income: S$1.65m (up 13% from FY 2022). Profit margin: 4.0% (up from 3.9% in FY 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Duyuru • Apr 11
Soup Holdings Limited, Annual General Meeting, Apr 26, 2024 Soup Holdings Limited, Annual General Meeting, Apr 26, 2024. Duyuru • Mar 22
Soup Holdings Limited Announces the Appointment of Teh Bee Gek as an Independent Director Soup Holdings Limited announced the appointment of Ms. Teh Bee Gek as an Independent Director of the Company. Role And Responsibilities: Non-Executive. Job Title: Independent Director Member of Nominating Committee Member of Audit Committee Member of Remuneration Committee. Working Experience: 2021 to Present Chief Executive Officer and Founder - Holocene Pte. Ltd. 2014 to Present Chief Executive Officer and Founder - STBG Pte. Ltd. 2013 to 2018 Corporate Advisor - National Gallery Singapore. Other DirectorShips Present: Holocene Pte. Ltd. STBG Pte. Ltd. Director Experience Details: The Company will arrange for Ms. Teh to receive training in the roles and responsibilities of a listed company in Singapore as prescribed by the SGX-ST. Professional Qualifications: Nanyang Technological University Singapore Master of Science, Technopreneurship and Innovation Berne University of Applied Sciences EMBA International Marketing Chartered Institute of Marketing UK Postgraduate Diploma of Marketing. Appointment Date: March 22, 2024. Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: S$0.006 (vs S$0.005 in FY 2022) Full year 2023 results: EPS: S$0.006 (up from S$0.005 in FY 2022). Revenue: S$42.6m (up 13% from FY 2022). Net income: S$1.65m (up 13% from FY 2022). Profit margin: 3.9% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Feb 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 8.5% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (€17.2m market cap, or US$18.7m). New Risk • Nov 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.5% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€14.3m market cap, or US$15.7m). Reported Earnings • Aug 17
First half 2023 earnings released: EPS: S$0.005 (vs S$0.004 in 1H 2022) First half 2023 results: EPS: S$0.005 (up from S$0.004 in 1H 2022). Revenue: S$20.8m (up 9.6% from 1H 2022). Net income: S$1.38m (up 25% from 1H 2022). Profit margin: 6.6% (up from 5.8% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Aug 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€14.4m market cap, or US$15.9m). Reported Earnings • Apr 14
Full year 2022 earnings released: EPS: S$0.005 (vs S$0.003 in FY 2021) Full year 2022 results: EPS: S$0.005 (up from S$0.003 in FY 2021). Revenue: S$37.6m (up 27% from FY 2021). Net income: S$1.46m (up 89% from FY 2021). Profit margin: 3.9% (up from 2.6% in FY 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: S$0.005 (vs S$0.003 in FY 2021) Full year 2022 results: EPS: S$0.005 (up from S$0.003 in FY 2021). Revenue: S$39.5m (up 34% from FY 2021). Net income: S$1.46m (up 89% from FY 2021). Profit margin: 3.7% (up from 2.6% in FY 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director Choon Seng Tan was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 05
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$172.0k from profit in 1H 2021). Profit margin: (down from 1.1% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Chairman Tao Soon Cham was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 09
Full year 2021 earnings released: EPS: S$0.003 (vs S$0.003 in FY 2020) Full year 2021 results: EPS: S$0.003 (vs S$0.003 in FY 2020). Revenue: S$29.6m (down 5.0% from FY 2020). Net income: S$773.4k (down 11% from FY 2020). Profit margin: 2.6% (down from 2.8% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: S$34.2m (up 9.7% from FY 2020). Net income: S$774.0k (down 11% from FY 2020). Profit margin: 2.3% (down from 2.8% in FY 2020). Revenue was in line with analyst estimates. Reported Earnings • Aug 09
First half 2021 earnings released: EPS S$0.001 (vs S$0.001 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: S$15.0m (down 7.0% from 1H 2020). Net income: S$172.0k (up 32% from 1H 2020). Profit margin: 1.1% (up from 0.8% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Duyuru • Apr 30
Soup Restaurant Group Limited Approves Final Dividend for the Financial Year Ended 31 December 2020, Payable on 28 May 2021 Soup Restaurant Group Limited approved final (tax exempt one-tier) dividend of 0.20 cent per ordinary share for the financial year ended 31 December 2020, at the Annual General Meeting held on 29 April, 2021. Shareholders (being depositors) whose securities accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company as on 14 May 2021 will be entitled to the Dividend. Payment of the Dividend will be made on 28 May 2021. Reported Earnings • Feb 28
Full year 2020 earnings released The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: S$37.3m (down 14% from FY 2019). Net income: S$737.0k (down 3.1% from FY 2019). Profit margin: 2.0% (up from 1.8% in FY 2019).