Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Society Pass Incorporated specializes in acquiring and operating various digital commerce platforms designed to connect consumers and businesses throughout Southeast Asia. The company's activities are categorized into two main divisions: E-Commerce and Merchant Point-of-Sale (POS) services. Its extensive range of online interfaces features lifestyle applications like the Leflair App and its corresponding website, food and beverage (F&B) delivery services such as the Pushkart and Handycart apps and websites, and dedicated merchant software solutions including the #HOTTAB Biz App, #HOTTAB POS App, and Hottab.net. Furthermore, Society Pass offers loyalty-focused platforms, exemplified by the Society Pass App and SoPa.asia website. The core of its business model involves utilizing a data-driven, loyalty-centric e-commerce marketing approach to seamlessly link consumers with merchants, particularly within the F&B and lifestyle industries. Established in 2018, the company was initially known as Food Society, Inc. before officially rebranding to Society Pass Incorporated in October of that year. Society Pass Incorporated maintains its primary corporate offices in Singapore.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITD