ABR Holdings Limited (533) AI Stock Analysis

• Market Cap: S$79.39M
• Dividend Yield: 3.75%
• Average Volume (3M): 2.19K
• Price to Earnings (P/E): 23.7
• Beta (1Y): -0.02
• 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: -3.10
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 0.56
• P/FCF Ratio: 3.57
• 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: 59 Neutral
• Price Target: S$0.41 ▲(0.73% Upside)
• Action: Reiterated Date: 03/01/26
• Date: Action: Reiterated 03/01/26

The score is primarily supported by strong cash generation and solid revenue growth, but is held back by thin/volatile profitability and higher leverage. Technical indicators are notably weak, and valuation is only moderate with a good dividend yield but an unexceptional P/E.

Positive Factors

Cash generation

Consistent and strong operating and free cash flow provides durable internal funding for capex, working capital and dividends, reducing reliance on external financing. Over 2-6 months this supports resilience versus cyclical sales dips and funds strategic investments or franchise support.

Revenue growth trend

Sustained top-line growth indicates recovering/expanding demand and effective execution of restaurant openings or franchise expansion. This trend supports scale economies, potential margin improvement over time, and a larger recurring revenue base that underpins medium-term cash generation.

Business model mix

A dual model of company-owned outlets plus franchising/royalties provides scalable, lower-capital growth through franchising while retaining higher-margin company-operated sales. This mix supports durable revenue diversification and reduces incremental capex intensity as the franchise base grows.

Negative Factors

Thin and volatile profitability

Persistently low net margins and episodic negative operating profit signal constrained pricing power, high fixed costs or margin pressure from food/labor. Over months this limits retained earnings, reduces capacity to absorb shocks, and makes durable margin expansion uncertain without structural changes.

Rising leverage

Higher debt levels shrink financial flexibility and increase fixed obligations, raising refinancing and interest-rate sensitivity. With thin margins, elevated leverage amplifies downside risk during revenue slowdowns and constrains the company's ability to fund expansion or absorb shocks over the medium term.

Modest returns on equity

Low ROE indicates limited effectiveness in converting invested capital into profits; this hinders long-term shareholder value creation and limits self-funding for growth. Structural improvement in operations or pricing is needed to sustainably lift returns over the 2-6 month horizon and beyond.

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

Strong and consistent operating/free cash flow supports business resilience, and revenue has grown solidly. However, profitability remains thin and somewhat volatile (including negative EBIT in 2025), and rising debt reduces financial flexibility.

Income Statement

Revenue has expanded strongly over the last several years (2024 up ~16% and 2025 up materially), indicating solid demand and recovery. Gross profit is steady and healthy, but profitability is mixed: net margins remain thin (around ~2–3% in recent annual periods) and operating profit is inconsistent, with EBIT turning negative again in 2025. Overall, the company shows improving scale but still limited and somewhat volatile operating profitability.

Balance Sheet

The balance sheet is generally stable, with equity around ~100M and assets roughly flat near ~178M in the last two annual periods. Leverage has trended higher over time, with total debt rising notably in 2025 and debt-to-equity sitting around the mid-0.5x range in 2023–2024, which reduces financial flexibility. Returns on equity are positive but modest (~3–4%), suggesting the capital base is not yet being converted into strong profitability.

Cash Flow

Cash generation is a clear strength: operating cash flow is consistently positive and robust (roughly ~19–28M annually), and free cash flow is also strong with a meaningful uplift in 2025. Free cash flow has covered net income well in most years, supporting earnings quality. The main watch-out is variability in free cash flow growth (including a decline in 2023), but the overall cash profile remains solid.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	140.67M	143.04M	135.57M	116.85M	101.73M	74.63M
Gross Profit	58.05M	57.73M	57.76M	48.41M	45.48M	30.92M
EBITDA	5.47M	20.79M	24.94M	25.08M	21.99M	19.45M
Net Income	3.82M	3.35M	3.64M	3.54M	2.43M	2.49M
Balance Sheet
Total Assets	177.37M	178.12M	178.36M	171.38M	165.69M	148.94M
Cash, Cash Equivalents and Short-Term Investments	25.88M	34.68M	26.54M	26.50M	32.86M	41.95M
Total Debt	57.41M	71.81M	55.29M	55.90M	50.17M	30.15M
Total Liabilities	80.24M	77.53M	78.29M	74.38M	68.43M	50.94M
Stockholders Equity	96.61M	100.05M	99.49M	96.57M	96.83M	95.73M
Cash Flow
Free Cash Flow	19.37M	22.45M	19.98M	15.74M	19.65M	15.53M
Operating Cash Flow	26.70M	27.13M	27.80M	19.61M	21.58M	19.01M
Investing Cash Flow	-7.25M	2.64M	-6.13M	-4.02M	-28.22M	-10.48M
Financing Cash Flow	-19.50M	-21.18M	-22.05M	-21.68M	-2.51M	-19.57M

ABR Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.41
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 Negative. The current price of 0.41 is equal to the 20-day moving average (MA) of 0.41, above the 50-day MA of 0.41, and above the 200-day MA of 0.41, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.45 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	14.93	17.71%	5.06%	0.86%	0.37%
5ML	71 Outperform	S$139.58M	13.76	17.76%	1.79%	-0.47%	-11.81%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
533	59 Neutral	S$79.39M	23.65	3.98%	3.75%	13.16%	-0.52%