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SOPA
Upturn stock ratingUpturn stock rating

Society Pass Inc (SOPA)

Upturn stock ratingUpturn stock rating
$1.01
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

03/27/2025: SOPA (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

ratingratingratingratingrating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit -59.01%
Avg. Invested days 15
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 03/27/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 3.72M USD
Price to earnings Ratio -
1Y Target Price 16
Price to earnings Ratio -
1Y Target Price 16
Volume (30-day avg) 496223
Beta 1.33
52 Weeks Range 0.73 - 6.75
Updated Date 03/27/2025
52 Weeks Range 0.73 - 6.75
Updated Date 03/27/2025
Dividends yield (FY) -
Basic EPS (TTM) -5

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -171.12%
Operating Margin (TTM) -70.09%

Management Effectiveness

Return on Assets (TTM) -37.03%
Return on Equity (TTM) -221.77%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 840348
Price to Sales(TTM) 0.54
Enterprise Value 840348
Price to Sales(TTM) 0.54
Enterprise Value to Revenue 0.12
Enterprise Value to EBITDA -0.09
Shares Outstanding 3645690
Shares Floating 3014433
Shares Outstanding 3645690
Shares Floating 3014433
Percent Insiders 13.58
Percent Institutions 2.5

Analyst Ratings

Rating 5
Target Price 16
Buy -
Strong Buy 2
Buy -
Strong Buy 2
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Society Pass Inc

stock logo

Company Overview

History and Background

Society Pass Inc (SOPA) was founded in 2018. It's a Southeast Asian e-commerce ecosystem focused on acquiring and operating e-commerce and lifestyle businesses. Initially focused on Vietnam, it has expanded throughout Southeast Asia.

Core Business Areas

  • Lifestyle & Entertainment: Operates online platforms for user rewards, mobile ordering and delivery, travel, and lifestyle services.
  • Food & Beverage: Operates online F&B e-commerce businesses.
  • Digital Advertising: Provides digital advertising and marketing solutions for businesses.

Leadership and Structure

Dennis Nguyen is the Founder, Chairman, and CEO. The company operates with a functional structure with various department heads reporting to the CEO.

Top Products and Market Share

Key Offerings

  • Handycart: Handycart is Society Passu2019s online grocery platform. Market share information is not readily available. Key competitors include GrabMart, GoMart, and other regional online grocery services.Revenue is not public
  • Pushkart.ph: Pushkart.ph is an online grocery platform in the Philippines acquired by Society Pass. Market share data is unavailable. Competitors are similar to Handycart, including local Philippine grocery apps. Revenue is not public.
  • DAT Lifestyle: DAT Lifestyle is a premium lifestyle and travel service provider in Vietnam. Market Share is unavailable. Competitors in the region include Luxury Escapes and other luxury travel platforms. Revenue is not public.

Market Dynamics

Industry Overview

The Southeast Asian e-commerce market is experiencing rapid growth, driven by increasing internet penetration, smartphone adoption, and a growing middle class. The industry is highly competitive, with many players vying for market share.

Positioning

Society Pass is positioned as a diversified e-commerce ecosystem targeting Southeast Asian consumers. Its competitive advantage lies in its focus on lifestyle and loyalty rewards and its acquisitions of businesses with existing user bases.

Total Addressable Market (TAM)

The Southeast Asian e-commerce TAM is estimated to reach hundreds of billions of dollars. Society Pass is positioning itself to capture a portion of this market through its acquisitions and expansion efforts.

Upturn SWOT Analysis

Strengths

  • Diversified e-commerce ecosystem
  • Focus on Southeast Asia
  • Acquisition strategy
  • Loyalty rewards program

Weaknesses

  • Limited brand recognition
  • Reliance on acquisitions for growth
  • High competition
  • Negative earnings history and financial instability

Opportunities

  • Expansion into new Southeast Asian markets
  • Partnerships with local businesses
  • Growing e-commerce adoption in the region
  • Integration of acquired businesses

Threats

  • Intense competition from established players
  • Economic slowdown in Southeast Asia
  • Regulatory changes
  • Currency fluctuations

Competitors and Market Share

Key Competitors

  • GOGL
  • PDD
  • JD
  • BABA
  • MELI
  • AMZN
  • SHOP

Competitive Landscape

Society Pass faces intense competition from larger, well-established e-commerce players. Its smaller size and limited resources make it difficult to compete effectively.

Major Acquisitions

Handycart

  • Year: 2021
  • Acquisition Price (USD millions): 2.8
  • Strategic Rationale: Expand e-commerce offerings in Vietnam.

Pushkart.ph

  • Year: 2021
  • Acquisition Price (USD millions): 2.3
  • Strategic Rationale: Expand e-commerce offerings in the Philippines.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been driven primarily by acquisitions. Organic growth has been limited.

Future Projections: Future projections are highly uncertain given the company's financial struggles and competitive landscape. Analyst estimates are not widely available.

Recent Initiatives: Recent initiatives include focusing on improving profitability and integrating acquired businesses.

Summary

Society Pass Inc. is a small player in a highly competitive Southeast Asian e-commerce market, focusing on acquisitions for growth. Its financial stability is questionable with consistent losses and low cash levels. While expansion opportunities exist, it faces intense competition. The company needs to improve its financial health and organic growth to become a viable competitor.

Similar Companies

  • GOGL
  • PDD
  • JD
  • BABA
  • MELI
  • AMZN
  • SHOP

Sources and Disclaimers

Data Sources:

  • Company filings
  • Press releases
  • Industry reports
  • Third Party Analyst reports

Disclaimers:

This analysis is based on publicly available information and should not be considered financial advice. Market share data are estimates.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Society Pass Inc

Exchange NASDAQ
Headquaters -
IPO Launch date 2021-11-09
Group CEO & Singapore Country General Manager Mr. Wee Leong Liang
Sector Technology
Industry Software - Application
Full time employees -
Full time employees -

Society Pass Incorporated acquires and operates fintech and e-commerce platforms and mobile applications for consumers and merchants in Indonesia, Vietnam, Philippines, Singapore, the United States, Thailand, Malaysia, and Hong Kong. It operates through Online Grocery and Food and Groceries Deliveries, Digital Marketing, Online Ticketing and Reservation, Telecommunications Reseller, e-Commerce, and Merchant Point of Sale segments. The company operates Leflair, an online lifestyle platform that offers services and products, such as fashion and accessories, beauty and personal care, and home and lifestyle; an online food delivery service under the Handycart and Mangan brand name; and Pushkart, an online grocery delivery service. It also sells hardware and software for a point of sales application to merchants; local mobile phone and global internet data plans; and domestic and overseas air ticket, and global hotel reservations, as well as offers digital marketing services. In addition, the company provides IP licensing, computer sciences consultancy and data analytics, software production, and event organizing services. The company was formerly known as Food Society, Inc. and changed its name to Society Pass Incorporated in October 2018. Society Pass Incorporated was incorporated in 2018 and is headquartered in Singapore.

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