ABR Holdings Limited (533) AI Stock Analysis

• Market Cap: S$85.42M
• Dividend Yield: 3.75%
• Average Volume (3M): 2.19K
• Price to Earnings (P/E): 22.4
• Beta (1Y): -0.03
• Revenue Growth: 13.16%
• EPS Growth: -0.52%
• Country: SG
• Employees: 1,671
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): <0.01
• Shares Outstanding: 200,995,730
• 10 Day Avg. Volume: 2,050
• 30 Day Avg. Volume: 2,186
• PEG Ratio: 7.78
• Price to Book (P/B): 0.81
• Price to Sales (P/S): 0.59
• P/FCF Ratio: 4.02
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: S$0.46 ▲(11.46% Upside)

Overall score is driven primarily by stable financial performance (growth and balance sheet resilience, but weak net/EBIT profitability and softer free cash flow growth). Technicals add only modest support due to mixed momentum despite trading above key moving averages. Valuation is middling, with the dividend yield helping offset a non-cheap P/E.

Positive Factors

Revenue Growth & Stable Gross Margins

Sustained revenue growth with generally stable gross margins indicates the company can expand sales while largely maintaining unit economics. This supports long‑term scalability and underwriting of fixed costs, providing a durable base for improved operating leverage over time.

Strong Operating Cash Generation

Robust operating cash conversion versus accounting earnings shows the business reliably converts sales into cash. That strengthens liquidity for reinvestment, supports dividends and working capital needs, and reduces reliance on external funding across economic cycles.

Diversified F&B Portfolio & Flagship Brand

A multi‑brand, multi‑format restaurant portfolio and a recognizable flagship brand create diversified revenue channels and customer touchpoints. This structural diversification lowers single‑channel risk, enables cross‑selling, and supports gradual geographic or franchise expansion strategies.

Negative Factors

Low Net & EBIT Margins

Persistently low net and EBIT margins signal limited operational profitability and sensitivity to cost pressures. Over time, weak core margins constrain the company’s ability to fund growth, absorb input cost inflation, and deliver meaningful earnings improvement without structural efficiency gains.

Negative Free Cash Flow Growth (TTM)

A recent decline in free cash flow growth is a structural red flag for capital allocation flexibility. If sustained, it can limit capital expenditures, franchise support, and dividend sustainability, forcing either cost cuts or external financing that raises leverage or dilutes shareholders.

Moderate Leverage & Modest ROE

Moderate leverage paired with modest ROE suggests capital is not generating high returns and balance sheet flexibility is constrained. In adverse conditions, interest burdens or the need for incremental financing could pressure returns and limit the pace of strategic investments.

ABR Holdings Limited Business Overview & Revenue Model

Company Description

ABR Holdings Limited (533) is a Singapore-based investment holding company primarily involved in the food and beverage sector. The company operates a diverse portfolio of brands, including restaurants, cafés, and food kiosks, catering to various consumer tastes and preferences. ABR Holdings is notably recognized for its flagship brand, 'Swensen's,' among others, and focuses on delivering quality dining experiences and innovative menu offerings in both casual and fine dining environments.

How the Company Makes Money

ABR Holdings generates revenue through multiple streams within the food and beverage industry. The primary source of income comes from the operation of its restaurants and cafes, where it earns revenue from food and beverage sales to customers. Additionally, the company may also engage in catering services, franchise fees from its franchise operations, and sales of proprietary food products. Key partnerships with suppliers and local distributors further enhance its operational efficiency and product offerings, contributing to consistent revenue generation. Seasonal promotions and marketing campaigns also play a significant role in driving customer traffic and sales, thereby impacting the overall financial performance.

ABR Holdings Limited Financial Statement Overview

Summary

ABR Holdings Limited demonstrates solid revenue growth and stable gross margins, though profitability at the net level remains a challenge. The balance sheet reflects a prudent financial structure with moderate leverage. Cash flow generation is robust, but recent declines in free cash flow growth warrant attention. Overall, the company is on a stable financial footing, with opportunities to enhance profitability and cash flow management.

Income Statement

ABR Holdings Limited shows a consistent revenue growth trend, with a notable increase in the TTM period. Gross profit margins are stable, though slightly declining, indicating efficient cost management. However, the net profit margin is relatively low, suggesting potential challenges in controlling non-operating expenses. The EBIT margin is minimal, reflecting limited operational profitability, but EBITDA margin is healthier, indicating strong cash earnings.

Balance Sheet

The company's debt-to-equity ratio is moderate, indicating a balanced approach to leveraging. Return on equity is modest, reflecting average profitability relative to shareholder investments. The equity ratio suggests a stable financial structure, with a significant portion of assets financed by equity, reducing financial risk.

Cash Flow

Operating cash flow is strong relative to net income, indicating good cash generation from operations. However, free cash flow growth is negative in the TTM period, which could signal potential cash flow management issues. The free cash flow to net income ratio remains healthy, suggesting effective conversion of profits into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	140.67M	135.57M	116.85M	101.73M	74.63M	85.97M
Gross Profit	58.05M	57.76M	48.41M	45.48M	30.92M	35.95M
EBITDA	5.47M	24.94M	25.08M	21.99M	19.45M	27.86M
Net Income	3.82M	3.64M	3.54M	2.43M	2.49M	5.98M
Balance Sheet
Total Assets	177.37M	178.36M	171.38M	165.69M	148.94M	156.00M
Cash, Cash Equivalents and Short-Term Investments	25.88M	26.54M	26.50M	32.86M	41.95M	52.92M
Total Debt	57.41M	55.29M	55.90M	50.17M	30.15M	31.81M
Total Liabilities	80.24M	78.29M	74.38M	68.43M	50.94M	54.13M
Stockholders Equity	96.61M	99.49M	96.57M	96.83M	95.73M	97.50M
Cash Flow
Free Cash Flow	19.37M	19.98M	15.74M	19.65M	15.53M	25.28M
Operating Cash Flow	26.70M	27.80M	19.61M	21.58M	19.01M	26.34M
Investing Cash Flow	-7.25M	-6.13M	-4.02M	-28.22M	-10.48M	-5.46M
Financing Cash Flow	-19.50M	-22.05M	-21.68M	-2.51M	-19.57M	-13.82M

ABR Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.41
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:533, the sentiment is Positive. The current price of 0.41 is above the 20-day moving average (MA) of 0.40, above the 50-day MA of 0.40, and above the 200-day MA of 0.40, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 62.74 is Neutral, neither overbought nor oversold. The STOCH value of 35.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:533.

ABR Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1D0	71 Outperform	S$491.44M	14.74	17.71%	5.06%	0.86%	0.37%
5ML	71 Outperform	S$138.37M	13.64	17.76%	1.79%	-0.47%	-11.81%
533	65 Neutral	S$85.42M	22.37	3.98%	3.75%	13.16%	-0.52%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%