Ohmyhome Limited (OMH) AI Stock Analysis

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Ohmyhome Limited

(NASDAQ:OMH)

46Neutral

Ohmyhome Limited shows significant revenue growth and business expansion, particularly in property management and renovation sectors. However, persistent losses, high operating expenses, and a weak technical outlook weigh heavily on the stock's performance. The company's valuation is low compared to industry peers, which could indicate potential upside if profitability improves. Overall, while there are growth prospects, financial instability and market sentiment pose risks.

Positive Factors

Competitive Advantage

Ohmyhome's use of AI accelerates business and improves customer experiences, enhancing its competitive advantage.

Financial Performance

Ohmyhome reported results surpassing estimates on revenue and adjusted EBITDA due to strong gross margin expansion.

Growth Momentum

Revenue increased by 126% year-over-year, indicating strong growth momentum for Ohmyhome.

Negative Factors

Capital Needs

The company is projected to need to raise capital by the end of 1H25.

Valuation

OMH trades at a lower EV/revenue multiple compared to a peer group average, indicating potential undervaluation.

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

Market Cap

$5.00M

Dividend YieldN/A

Average Volume (3M)3.22M

Price to Earnings (P/E)―

Beta (1Y)-0.25

Revenue GrowthN/A

EPS GrowthN/A

CountryUS

Employees108

SectorReal Estate

Sector Strength68

IndustryReal Estate - Services

Share Statistics

EPS (TTM)-0.51

Shares Outstanding2,394,495

10 Day Avg. Volume280,524

30 Day Avg. Volume3,219,654

Financial Highlights & Ratios

PEG Ratio-2.07

Price to Book (P/B)9.91

Price to Sales (P/S)0.00

P/FCF Ratio-18.11

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

$6.00

Price Target Upside187.08% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering1

Ohmyhome Limited Business Overview & Revenue Model

Company DescriptionOhmyhome Pte. Ltd. develops and operates an online property platform that offers real estate brokerage services in Singapore, Malaysia, and the Philippines. Its platform allows customers to purchase, sell, rent, or lease their properties. The company also offers other property-related services, including listing and research services comprising online property listings and information, tools, and research, including property transaction guides, automated electronic valuation of listed properties, and calculators; mortgage advice and financing guidance services; and legal services comprising conveyancing, legal advice, and documentation preparation services. In addition, it offers home renovation and furnishing services; home services, such as cleaning, painting, and related services for the upgrading and maintenance needs of homeowners; professional moving services; relocating services; and insurance referral services. The company was incorporated in 2015 and is based in Singapore. Ohmyhome Pte Ltd operates an online portal that allows to buy, sell, and rent properties. It offers HDB agent, condo agent, and mortgage advisory services.

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 Financial Statement Overview

Summary

Ohmyhome Limited is facing significant financial challenges, including negative revenue growth, negative gross and net profit margins, and poor cash flow generation. Despite some improvement in equity, the company's financial health is weak due to high leverage and substantial cash flow difficulties.

Income Statement

Negative

Ohmyhome Limited has experienced significant revenue decline with a negative revenue growth rate of -28.76% in 2023. The company has a negative gross profit margin of 34.37% and a worsening net profit margin of -109.28% due to increasing net losses. Both EBIT and EBITDA margins are negative, reflecting operational challenges and inefficiencies.

Balance Sheet

Neutral

The balance sheet shows signs of improvement with a positive stockholders' equity of $4.45M in 2023, recovering from a negative position in 2022. However, the company has a high debt-to-equity ratio of 0.23, indicating potential leverage risks. The equity ratio is 43.21%, showing a moderate reliance on equity for financing.

Cash Flow

Negative

Cash flow analysis reveals negative operating cash flow and free cash flow, indicating liquidity challenges. The operating cash flow to net income ratio is negative, further highlighting the company's struggle to generate cash from operations. The free cash flow growth rate is negative, suggesting deteriorating cash generation capabilities.

TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
Income Statement		Total Revenue
7.31M	5.00M	7.03M	4.38M	3.34M
	Gross Profit
2.59M	1.72M	2.32M	2.39M	1.37M
	EBIT
-5.67M	-5.34M	-3.23M	-2.34M	-2.64M
	EBITDA
-5.02M	-5.00M	-2.71M	-1.60M	-1.74M
	Net Income Common Stockholders
-5.27M	-5.47M	-3.05M	-1.82M	-1.94M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
166.59K	191.81K	301.43K	1.22M	166.59K
	Total Assets
0.00	10.30M	2.17M	2.49M	654.23K
	Total Debt
0.00	1.01M	3.84M	1.17M	2.11M
	Net Debt
166.59K	821.64K	3.53M	-51.63K	1.95M
	Total Liabilities
0.00	6.30M	4.35M	1.63M	2.61M
	Stockholders Equity
-1.96M	4.45M	-1.78M	1.25M	-1.65M
Cash Flow		Free Cash Flow
-4.41M	-5.64M	-3.12M	-1.85M	-1.62M
	Operating Cash Flow
-4.34M	-4.85M	-3.11M	-1.81M	-1.60M
	Investing Cash Flow
-4.89M	-4.53M	855.40K	-913.04K	-23.74K
	Financing Cash Flow
5.49M	9.35M	1.31M	3.77M	1.42M

Ohmyhome Limited Technical Analysis

Technical Analysis Sentiment

Negative

Last Price2.09

Price Trends

50DMA

2.43

Negative

100DMA

3.02

Negative

200DMA

3.66

Negative

Market Momentum

MACD

-0.10

Positive

RSI

44.49

Neutral

STOCH

12.33

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 2.09 is below the 20-day moving average (MA) of 2.60, below the 50-day MA of 2.43, and below the 200-day MA of 3.66, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 44.49 is Neutral, neither overbought nor oversold. The STOCH value of 12.33 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 (60)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EXPI	67 Neutral	$1.26B	―	-6.44%	2.50%	6.69%	-137.52%
DOUG	64 Neutral	$197.89M	―	-23.11%	―	11.24%	38.70%
RMAX	61 Neutral	$304.39M	17.62	2.01%	―	-4.61%	―
Sector *	60 Neutral	$2.82B	10.29	0.31%	8508.26%	5.91%	-17.42%
FTHM	56 Neutral	$34.72M	―	-44.60%	―	5.80%	30.19%
RDFN	52 Neutral	$1.30B	―	199.35%	―	5.11%	-29.67%
OMH	46 Neutral	$5.00M	―	-122.89%	―	―	―

* Real Estate Sector Average

Performance Comparison

OMH

Ohmyhome Limited

2.21

-3.23

-59.38%

RMAX

Re/Max Holdings

7.64

-1.68

-18.03%

EXPI

eXp World Holdings

8.04

-4.21

-34.37%

RDFN

Redfin

10.12

3.32

48.82%

FTHM

Fathom Holdings

1.25

-0.46

-26.90%

DOUG

Douglas Elliman Inc.

2.23

0.94

72.87%

Ohmyhome Limited Earnings Call Summary

Earnings Call Date:Apr 29, 2025

(Q3-2024)

% Change Since: 2.96%|

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.

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.