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SOUP HOLDINGS LIMITED (5KI) Fair Value & Analysis

Consumer Cyclical · SG · Market cap 11.7M SGD

SH SOUP HOLDINGS LIMITED 5KI · SG
Price0.0460 SGD
Fair Value0.0496 SGD
Upside+7.8%
Quality65/100
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Mixed Growth
Loss-making · -3.3% net margin
generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 2/100
Evidence: Medium Range 0.0466 SGD – 0.0601 SGD Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from 0.0490 SGD to 0.0496 SGD (+1.2%) since Aug 8, 2026. Share price +21.1% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 0.0466 SGD (bear) to 0.0601 SGD (bull), base 0.0496 SGD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 65/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

0.1011 SGD 0.0320 SGD Fair Value 0.0496 SGD May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.0320 SGD – 0.1011 SGD · fair‑value band 0.0466 SGD – 0.0601 SGD · the 0.0460 SGD price screens below the 0.0496 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

SOUP HOLDINGS LIMITED (5KI) currently trades at 0.0460 SGD, while our model-based Fair Value estimate is 0.0496 SGD, implying the stock looks roughly 7.8% fairly valued today. The Quality Score stands at 65/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, SOUP HOLDINGS LIMITED generated revenue of 37.6M SGD at a net margin of -3.3%. Revenue grew 2.3% year over year. It earns a return on equity of -16.4%. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.0466 SGD (bear case) to 0.0601 SGD (bull case); at 0.0460 SGD, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 51% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -51% fair-value upside, at 8%, 5KI screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 0.1600 SGD 0.1900 SGD 0.2400 SGD 72
Rev-Margin DCF 0.1400 SGD 0.1900 SGD 0.2500 SGD 67
ROIC Compounder 0.2100 SGD 0.2300 SGD 0.2500 SGD 67
All 14 models by family
DCF Models
FCF DCF 0.1600 SGD 0.1900 SGD 0.2500 SGD 38
Owner Earnings 0.1600 SGD 0.2000 SGD 0.2600 SGD 31
5Y Revenue Exit 0.1400 SGD 0.1900 SGD 0.2500 SGD 39
5Y EBITDA Exit 0.3200 SGD 0.4900 SGD 0.7100 SGD 41
10Y Revenue Exit 0.1500 SGD 0.1800 SGD 0.2100 SGD 36
10Y EBITDA Exit 0.2400 SGD 0.3400 SGD 0.4400 SGD 37
Earnings-Based
EPV 0.2100 SGD 0.2300 SGD 0.2500 SGD 59
Multiples
EV/EBIT 0.4100 SGD 0.5400 SGD 0.6700 SGD 53
EV/EBITDA 0.5300 SGD 0.7000 SGD 0.8700 SGD 54
EV/Revenue 0.1400 SGD 0.1900 SGD 0.2300 SGD 43
Asset-Based
NCAV (Graham) 0.0100 SGD 0.0200 SGD 0.0200 SGD 50
Growth DCF
Growth DCF 0.1600 SGD 0.1900 SGD 0.2400 SGD 72
Rev-Margin DCF 0.1400 SGD 0.1900 SGD 0.2500 SGD 67
Economic Profit
ROIC Compounder 0.2100 SGD 0.2300 SGD 0.2500 SGD 67

Widest divergence: Multiples (0.5400 SGD) versus Asset-Based (0.0200 SGD). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) 37.6M SGD
Revenue growth (YoY) +2.3%
Net margin -3.3%
Return on equity -16.4%
Free cash flow 5.2M SGD FY2025
Operating margin -4.5%
More key figures
EPS growth (YoY) +33.3%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 67 · Market factors (momentum, volatility) 20

Profitability 40
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Soup Holdings Limited, an investment holding company, operates restaurants. It operates in two segments, Operation of Restaurants; and Food Processing, Distribution and Procurement Services.

Full company description

Soup Holdings Limited, an investment holding company, operates restaurants. It operates in two segments, Operation of Restaurants; and Food Processing, Distribution and Procurement Services. The company processes, distributes and procures raw materials, and food and beverage products; and provides procurement, and job training and vocational rehabilitation services. It operates restaurant outlets in Singapore and Malaysia under the Soup Restaurant, TEAHOUSE by Soup Restaurant, LITTLE TEAHOUSE, and CAFE O brand names, as well as franchised outlets in Indonesia. The company was formerly known as Soup Restaurant Group Limited and changed its name to Soup Holdings Limited in May 2022. Soup Holdings Limited was incorporated in 1991 and is headquartered in Singapore.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SOUP HOLDINGS LIMITED reported revenue of 37.5M SGD in FY2025 versus 29.6M SGD in FY2021, a compound +6.1%/yr. Reported net income was −1.2M SGD in FY2025.

Growth Quality 37/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
37.5M SGD
Latest YoY
−2.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−0.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.8%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−0.1%
Revenue +6.1%/yr
FY21 29.6M SGD
FY22 37.6M SGD
FY23 41.1M SGD
FY24 38.4M SGD
FY25 37.5M SGD
Net income
FY21 773K SGD
FY22 1.5M SGD
FY23 1.6M SGD
FY24 −2.9M SGD
FY25 −1.2M SGD

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Cite: Fair Value Calculator (2026). "SOUP HOLDINGS LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/5KI

Peer Group

Restaurants · 228 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 65 · Top 25%
Fair Value upside +9% · Above median
Return on assets -2% · Bottom 25%
Net margin (TTM) -3% · Below median
Operating margin (TTM) -4% · Bottom 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 1.2% · Bottom 25%

Valuation Multiples vs Restaurants median · lower = cheaper

P/B 1.35× · Cheaper than median
P/S (TTM) 0.24× · Cheaper than median
P/FCF 1.8× · Cheaper than median
EV/EBITDA 10.5× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 45 · sector 20
FUTURE 12 · sector 19
PAST 0 · sector 14
HEALTH 0 · sector 97
DIVIDEND 24 · sector 71

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Restaurants stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
McDonald's Corporation MCDS C$24.01 C$10.84 -55%
Starbucks Corporation SBUX $108.49 $35.83 -67%
Chipotle Mexican Grill, Inc CMG $32.00 $17.92 -44%
Yum! Brands, Inc YUM $150.34 $58.17 -61%
Restaurant Brands International Inc QSR C$104.50 C$36.37 -65%
Darden Restaurants, Inc DRI $218.90 $173.68 -21%
Yum China Holdings YUMC $47.90 $54.27 +13%
Texas Roadhouse, Inc TXRH $214.28 $104.89 -51%
Dutch Bros Inc BROS $51.02 $12.80 -75%
Domino's Pizza, Inc DPZ $353.72 $227.31 -36%

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Frequently asked questions

Is SOUP HOLDINGS LIMITED (5KI) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.0496 SGD versus a price of 0.0460 SGD, about +8% (fairly valued).
What is the fair value of 5KI?
Our model-based fair value for SOUP HOLDINGS LIMITED is 0.0496 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.0460 SGD.
What is the quality score of 5KI?
SOUP HOLDINGS LIMITED has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of SOUP HOLDINGS LIMITED (5KI)?
SOUP HOLDINGS LIMITED reported trailing-twelve-month revenue of about 37.6M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 5KI?
The net profit margin of SOUP HOLDINGS LIMITED is about -3.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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