Ohmyhome Limited (OMH) AI Stock Analysis

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Ohmyhome Limited

(NASDAQ:OMH)

Rating:41Neutral

Price Target:

$1.00

▼(-23.08%Downside)

The overall stock score for Ohmyhome Limited is driven by concerns over persistent financial losses and negative cash flows, despite notable revenue and equity growth. Technically, the stock shows bearish trends, with prices below key moving averages and indicators suggesting continued downward pressure. The lack of valuation data contributes to uncertainty, leading to a low overall assessment.

Positive Factors

Financial Performance

Ohmyhome reported results that exceeded estimates for revenue and adjusted EBITDA, driven by strong gross margin expansion.

Growth Momentum

Revenue surged by 126% year-over-year, demonstrating strong growth momentum for the company.

Negative Factors

Acquisition Risks

Concerns exist over the acquisition in the Philippines, particularly about potential losses.

Dilution

Recent capital raises were significantly dilutive, negatively impacting existing shareholders.

Revenue Deceleration

The company anticipates a slowdown in revenue growth due to modest demand and the absence of benefits from a prior acquisition.

Ohmyhome Limited (OMH) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$30.03M

Dividend YieldN/A

Average Volume (3M)127.55K

Price to Earnings (P/E)―

Beta (1Y)-0.65

Revenue GrowthN/A

EPS GrowthN/A

CountryUS

Employees108

SectorReal Estate

Sector Strength64

IndustryReal Estate - Services

Share Statistics

EPS (TTM)-0.51

Shares Outstanding23,101,131

10 Day Avg. Volume71,582

30 Day Avg. Volume127,552

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)5.93

Price to Sales (P/S)0.00

P/FCF Ratio-9.64

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

$2.50

Price Target Upside92.31% Upside

Rating ConsensusHold

Number of Analyst Covering1

Ohmyhome Limited Business Overview & Revenue Model

Company DescriptionOhmyhome Limited (OMH) is a technology-driven property platform that simplifies the real estate transaction process. The company operates primarily in the PropTech sector, providing comprehensive real estate services, including property listings, agent services, and mortgage advisory. Its core offerings are aimed at enhancing the buying, selling, and renting experiences for property owners and seekers through a user-friendly digital platform.

How the Company Makes MoneyOhmyhome Limited generates revenue through a variety of channels centered around real estate transactions. Key revenue streams include service fees from property sellers and landlords for listing properties on its platform, and commissions from successful property sales and rentals facilitated by its agents. Additionally, the company earns from ancillary services such as mortgage advisory and legal services, which are integrated into its platform to offer a seamless experience to its customers. Ohmyhome also partners with various financial institutions to offer mortgage solutions, which further contributes to its earnings.

Ohmyhome Limited Earnings Call Summary

Earnings Call Date:Apr 29, 2025

(Q3-2024)

% Change Since: -35.96%|

Next Earnings Date:Oct 07, 2025

Earnings Call Sentiment Positive

OMH demonstrated robust growth in revenue, cash balance, and business expansion, particularly in the property management and renovation sectors. The company shows promise with its innovative technology and improved market presence. However, ongoing operating losses and high expenses present challenges, alongside a lower market valuation compared to peers.

Q3-2024 Updates

Positive Updates

Significant Revenue Growth

OMH reported a 106% revenue growth from SGD 2.17 million to SGD 4.47 million in the first half of 2023, with improved gross margins across all business segments.

Increase in Cash Balance

OMH's cash balance increased to $22.1 million as of September 30, 2024, from $1.8 million in June, attributed to increased deal closures and cost optimization initiatives.

Property Management Expansion

The number of units under management grew from 6,700 to 9,283, marking a 38% year-over-year increase, contributing to a steady revenue stream.

High Growth in Renovation Contracts

Renovation contracts reached $2.43 million for the first nine months of 2024, close to 300% of the previous year's figures.

Increased Gross Transaction Value

Total property transaction GTV for the first nine months of 2024 increased by 51% compared to last year.

Improved Brokerage Services

Brokerage services saw a 32% increase in transaction numbers and a 51% increase in GTV for the first nine months of 2024.

Innovative Use of Technology

The launch of HomerAI contributed significantly to market awareness and improved customer conversion rates.

Negative Updates

Continued Operating Losses

OMH is still incurring losses, although the loss is narrowing due to ongoing investments in technology.

High Operating Expenses

Operating expenses remain high, partly due to recent acquisition activities and increased amortization expenses.

Low Market Valuation

OMH is trading at a low valuation multiple of 1.3x revenue, which is significantly lower than industry peers.

Company Guidance

During the Q3 2024 earnings call for Ohmyhome (NASDAQ: OMH) on October 29, CEO Rhonda Wong and Director of Finance Leo Li discussed the company's financial health and growth strategies. Notably, Ohmyhome achieved a 51% increase in gross transaction value, amounting to $212 million for the first nine months of 2024. The company also reported a 106% revenue growth for the first half of 2023, with revenues rising from SGD 2.17 million to SGD 4.47 million, and gross profit margins improving across all business segments. They highlighted the company's cash balance increase to $22.1 million as of September 30, 2024. The call emphasized the successful integration of AI technology, particularly HomerAI, to enhance user engagement and conversion efficiencies, and detailed the expansion of their property management business, which now manages over 9,283 units—a 38% year-over-year increase. Despite ongoing losses due to technology investments, Ohmyhome continues to focus on scaling its profitable business model and expanding its market presence.

Ohmyhome Limited Financial Statement Overview

Summary

Ohmyhome Limited shows significant revenue growth and improved equity position. However, persistent net losses, negative cash flows, and reliance on external financing raise concerns about profitability and long-term stability.

Income Statement

Neutral

Ohmyhome Limited has shown significant revenue growth, with a 117.5% increase from 2023 to 2024. However, the company remains unprofitable, with negative net profit margins (-39.8% in 2024) and EBIT margins (-40.3% in 2024). The gross profit margin is moderate at 40.4% for 2024, indicating a decent markup over costs. Overall, while revenue is growing, persistent losses and negative margins are concerning.

Balance Sheet

Neutral

The balance sheet shows an improvement in equity, with stockholders' equity increasing to $6.8 million in 2024 from $4.5 million in 2023. The debt-to-equity ratio is relatively low at 0.11, suggesting low leverage. However, the company has a history of negative equity, raising concerns about historical financial stability. The equity ratio improved to 62.7% in 2024, indicating greater financial stability.

Cash Flow

Negative

Although free cash flow improved slightly, it remains negative at -$3.2 million in 2024. The operating cash flow to net income ratio is negative, indicating that the company is not generating sufficient cash flow to cover its net losses. The company has been reliant on financing activities, with significant cash inflows from financing in 2024, which may not be sustainable long-term.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.89M	5.00M	7.03M	4.38M	3.34M
Gross Profit	4.41M	1.72M	2.32M	2.39M	1.37M
EBITDA	-3.32M	-5.00M	-2.71M	-1.60M	-1.74M
Net Income	-4.34M	-5.47M	-3.05M	-1.82M	-1.94M
Balance Sheet
Total Assets	10.80M	10.30M	2.17M	2.49M	654.23K
Cash, Cash Equivalents and Short-Term Investments	1.15M	191.81K	301.43K	1.22M	166.59K
Total Debt	774.85K	1.01M	3.84M	1.17M	2.11M
Total Liabilities	4.50M	6.30M	4.35M	1.63M	2.61M
Stockholders Equity	6.77M	4.45M	-1.78M	1.25M	-1.65M
Cash Flow
Free Cash Flow	-3.24M	-5.64M	-3.12M	-1.85M	-1.62M
Operating Cash Flow	-3.02M	-4.85M	-3.11M	-1.81M	-1.60M
Investing Cash Flow	-1.28M	-4.53M	855.40K	-913.04K	-23.74K
Financing Cash Flow	5.12M	9.35M	1.31M	3.77M	1.42M

Ohmyhome Limited Technical Analysis

Technical Analysis Sentiment

Negative

Last Price1.30

Price Trends

50DMA

1.63

Negative

100DMA

2.06

Negative

200DMA

2.96

Negative

Market Momentum

MACD

-0.08

Negative

RSI

39.96

Neutral

STOCH

18.57

Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OMH, the sentiment is Negative. The current price of 1.3 is below the 20-day moving average (MA) of 1.43, below the 50-day MA of 1.63, and below the 200-day MA of 2.96, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 39.96 is Neutral, neither overbought nor oversold. The STOCH value of 18.57 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OMH.

Ohmyhome Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (64)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EXPI	67 Neutral	$1.74B	―	-6.44%	1.80%	6.69%	-137.52%
RMAX	67 Neutral	$334.27M	19.35	2.01%	―	-4.61%	―
Sector *	64 Neutral	$6.88B	15.40	-1.98%	6.96%	4.49%	-24.05%
DOUG	62 Neutral	$268.88M	―	-23.11%	―	11.24%	38.70%
FTHM	53 Neutral	$43.49M	―	-44.60%	―	5.80%	30.19%
OMH	41 Neutral	$30.03M	―	-122.89%	―	―	―

* Real Estate Sector Average

Performance Comparison

OMH

Ohmyhome Limited

1.30

-3.94

-75.19%

RMAX

Re/Max Holdings

8.39

-1.12

-11.78%

EXPI

eXp World Holdings

11.14

-2.89

-20.60%

FTHM

Fathom Holdings

1.54

-0.38

-19.79%

DOUG

Douglas Elliman Inc.

3.03

1.21

66.48%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 26, 2025