Old Chang Kee Ltd. (5ML) AI Stock Analysis

• Market Cap: S$152.93M
• Dividend Yield: 1.79%
• Average Volume (3M): 17.44K
• Price to Earnings (P/E): 15.1
• Beta (1Y): 0.40
• Revenue Growth: -0.47%
• EPS Growth: -11.81%
• Country: SG
• Employees: 673
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): 0.04
• Shares Outstanding: 121,374,700
• 10 Day Avg. Volume: 10,290
• 30 Day Avg. Volume: 17,436
• PEG Ratio: 0.53
• Price to Book (P/B): 1.80
• Price to Sales (P/S): 1.01
• P/FCF Ratio: 4.44
• 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: 71 Outperform
• Price Target: S$1.50 ▲(31.58% Upside)
• Action: Reiterated Date: 10/29/25
• Date: Action: Reiterated 10/29/25

Old Chang Kee Ltd. has a solid financial foundation with strong profitability and efficient cash management. The stock's valuation is attractive, and technical indicators show bullish momentum, though overbought signals suggest caution. The main risk lies in declining revenue growth and free cash flow, which could affect future performance.

Positive Factors

High gross profit margin

Sustained gross margins above 64% indicate durable unit economics in core snack products. With centralised production and standardised preparation, the company can maintain pricing power and absorb input cost swings, supporting long-term margin sustainability and cash generation.

Negative Factors

Sharp revenue decline

A near-50% revenue decline is a material structural concern that reduces scale benefits and strains coverage of fixed costs. Persistent top-line contraction can erode bargaining power, slow store rollouts, and impair the ability to reinvest in brand or channel diversification over the next several quarters.

Old Chang Kee Ltd. Business Overview & Revenue Model

Company Description

Old Chang Kee Ltd., an investment holding company, engages in the manufacture and distribution of food products under the Old Chang Kee brand in Singapore, Australia, and Malaysia. The company offers traditional, seafood, and chicken products; and...

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Old Chang Kee Ltd., an investment holding company, engages in the manufacture and distribution of food products under the Old Chang Kee brand in Singapore, Australia, and Malaysia. The company offers traditional, seafood, and chicken products; and...

How the Company Makes Money

Old Chang Kee primarily makes money by selling food and beverage items directly to consumers through its own retail outlets/kiosks. Revenue is generated on a per-item basis from its core snack products (including curry puffs) and other prepared fo...

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Old Chang Kee primarily makes money by selling food and beverage items directly to consumers through its own retail outlets/kiosks. Revenue is generated on a per-item basis from its core snack products (including curry puffs) and other prepared fo...

Old Chang Kee Ltd. Financial Statement Overview

Breakdown	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	101.95M	100.95M	89.78M	77.49M	75.32M
Gross Profit	70.59M	68.23M	58.27M	49.80M	49.43M
EBITDA	28.64M	27.25M	21.90M	21.28M	5.19M
Net Income	11.35M	9.67M	6.15M	5.68M	8.74M
Balance Sheet
Total Assets	96.11M	92.06M	79.37M	74.53M	75.87M
Cash, Cash Equivalents and Short-Term Investments	52.44M	44.10M	33.93M	27.58M	26.25M
Total Debt	23.08M	27.26M	25.34M	26.38M	27.83M
Total Liabilities	38.86M	43.85M	38.41M	37.55M	42.16M
Stockholders Equity	57.25M	48.21M	40.96M	36.98M	33.71M
Cash Flow
Free Cash Flow	23.23M	25.17M	21.10M	17.34M	27.01M
Operating Cash Flow	25.06M	26.79M	22.43M	18.64M	28.29M
Investing Cash Flow	-693.00K	-826.00K	-1.12M	-1.10M	-754.00K
Financing Cash Flow	-16.14M	-15.71M	-14.97M	-15.15M	-14.09M

Old Chang Kee Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:5ML, the sentiment is Positive. The current price of 1.14 is below the 20-day moving average (MA) of 1.17, below the 50-day MA of 1.16, and above the 200-day MA of 1.12, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 66.78 is Neutral, neither overbought nor oversold. The STOCH value of 88.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:5ML.

Old Chang Kee Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5ML	71 Outperform	S$152.93M	15.07	8.96%	1.79%	-0.47%	-11.81%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%