Sing Holdings Ltd. (5IC) AI Stock Analysis

• Market Cap: S$254.63M
• Dividend Yield: 2.2%
• Average Volume (3M): 179.04K
• Price to Earnings (P/E): 21.8
• Beta (1Y): 0.25
• Revenue Growth: 118.91%
• EPS Growth: 50.78%
• Country: SG
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.01
• Shares Outstanding: 400,994,660
• 10 Day Avg. Volume: 118,520
• 30 Day Avg. Volume: 179,043
• PEG Ratio: 0.60
• Price to Book (P/B): 0.42
• Price to Sales (P/S): 8.84
• P/FCF Ratio: 2.72
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: S$0.68 ▲(40.83% Upside)

The score is driven primarily by solid financial performance—strong profitability and cash flow—supported by an uptrend in price versus key moving averages. The main offsets are very overbought technical readings (RSI/Stoch) and only modest support from valuation (P/E 19.4; 1.61% yield).

Positive Factors

High net profit margin

A 64% net margin signals substantial profitability after costs and taxes, supporting sustainable cash generation and reinvestment capacity. Over 2–6 months this margin provides a durable buffer versus cyclical revenue swings, enabling funding for development projects and steady earnings retention.

Strong free cash flow growth

Robust FCF growth near 33% indicates the business converts profits to cash efficiently, underpinning capacity for capex, dividends, JV funding or debt reduction. This cash strength supports long-term operational flexibility and financial resilience across real estate cycles.

Balanced leverage

A debt/equity around 0.63 reflects moderate leverage appropriate for property development, allowing growth financing while limiting solvency risk. This balanced capital structure supports steady project funding and preserves borrowing capacity through multi-quarter cycles.

Negative Factors

Declining gross margin

A falling gross margin signals rising input costs or pricing pressure on new developments, which can erode long-run profitability if sustained. For a developer, persistent margin compression reduces funds available for reinvestment and weakens resilience to rising interest or construction costs.

Low return on equity

ROE near 3.7% suggests limited efficiency converting shareholder equity into profits, implying capital may be underutilized or projects yield modest returns. Over months this constrains shareholder value creation and may indicate the need for stronger capital allocation or operational improvements.

Weaker balance-sheet efficiency signal

Despite strong margins and cash generation, the firm shows weaker balance-sheet efficiency, indicating potential capital intensity or low asset turnover. Structurally, this can limit scalable returns and require management action to improve asset utilization or project selection over the medium term.

Sing Holdings Ltd. Business Overview & Revenue Model

Company Description

Sing Holdings Limited, an investment holding company, engages in the property development and investment activities in Singapore and Australia. It operates through two segments, Property Development and Property Investment. The company develops and sells residential, commercial, and industrial properties; and owns and leases investment properties. Its property portfolio includes landed houses, condominiums, and commercial and industrial buildings. The company also owns Travelodge Docklands, a limited service hotel that consists of 291 rooms located in Melbourne; and 35 strata units in BizTech Centre, a light industrial building. Sing Holdings Limited was incorporated in 1964 and is based in Singapore.

How the Company Makes Money

Sing Holdings Ltd. generates revenue primarily through the sale of residential properties developed by the company, which includes both completed projects and those in various stages of development. The company also earns income from leasing its commercial properties, providing a steady stream of rental income. Additionally, Sing Holdings may engage in joint ventures and partnerships with other real estate developers or investors, allowing for shared resources and risks in larger projects, which can enhance profitability. The company's strategic focus on high-demand areas within Singapore contributes to its ability to command premium pricing for its properties, further bolstering its revenue generation.

Sing Holdings Ltd. Financial Statement Overview

Summary

Strong profitability (net margin 64.11%) and robust cash generation (free cash flow growth 33.12%, good cash conversion) support a solid score. This is partly offset by a weaker balance-sheet efficiency signal (ROE 3.67%) and a noted decline in gross margin.

Income Statement

Sing Holdings Ltd. has shown a strong revenue growth rate of 9.66% in the TTM period, indicating a positive trajectory. The company maintains a high net profit margin of 64.11%, showcasing strong profitability. However, the gross profit margin has decreased compared to previous periods, which could indicate rising costs or pricing pressures.

Balance Sheet

The company has a moderate debt-to-equity ratio of 0.63 in the TTM period, suggesting a balanced approach to leveraging. Return on equity is relatively low at 3.67%, indicating limited efficiency in generating returns from equity. The equity ratio is stable, reflecting a solid capital structure.

Cash Flow

Sing Holdings Ltd. exhibits a strong free cash flow growth rate of 33.12% in the TTM period, indicating robust cash generation. The operating cash flow to net income ratio is healthy, reflecting efficient cash conversion. The free cash flow to net income ratio is nearly 1, suggesting effective cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	18.17M	14.97M	5.83M	62.01M	121.73M	173.10M
Gross Profit	12.18M	10.68M	-1.27M	21.16M	28.79M	49.85M
EBITDA	6.69M	12.28M	13.73M	16.02M	22.17M	44.92M
Net Income	11.65M	9.78M	7.97M	10.84M	9.83M	16.56M
Balance Sheet
Total Assets	869.18M	875.16M	770.20M	737.56M	894.62M	553.62M
Cash, Cash Equivalents and Short-Term Investments	78.20M	72.42M	83.15M	102.43M	16.76M	34.72M
Total Debt	199.11M	254.22M	294.57M	294.77M	478.28M	159.59M
Total Liabilities	545.08M	550.17M	445.85M	411.55M	535.11M	202.86M
Stockholders Equity	317.20M	318.11M	317.53M	314.98M	314.25M	311.40M
Cash Flow
Free Cash Flow	97.58M	48.62M	-3.68M	310.62M	-332.35M	-53.20M
Operating Cash Flow	98.02M	49.04M	-3.02M	314.72M	-332.34M	-53.19M
Investing Cash Flow	-70.00K	-168.00K	-272.00K	-3.79M	223.00K	-395.00K
Financing Cash Flow	-99.37M	-44.37M	-15.95M	-225.25M	314.40M	33.65M

Sing Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:5IC, the sentiment is Positive. The current price of 0.48 is below the 20-day moving average (MA) of 0.57, below the 50-day MA of 0.51, and above the 200-day MA of 0.43, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 97.33 is Negative, neither overbought nor oversold. The STOCH value of 95.55 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:5IC.

Sing Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
O10	71 Outperform	S$638.22M	10.53	4.51%	3.17%	-2.21%	-20.80%
5IC	68 Neutral	S$254.63M	21.82	3.68%	2.20%	118.91%	50.78%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
5JK	58 Neutral	S$291.75M	26.61	1.53%	0.46%	21.91%	82.03%
A30	56 Neutral	S$288.09M	14.00	7.26%	―	26.74%	―

Sing Holdings Ltd. Corporate Events

Sing Holdings Winds Up Dormant Subsidiary Fernvale Green

Sing Holdings Limited has placed Fernvale Green Pte. Ltd., a 70%-owned indirect dormant subsidiary, under members’ voluntary liquidation as part of its corporate streamlining. The company stated that the winding up of this non-operational unit is not expected to materially affect the group’s net tangible assets per share or earnings per share for the financial year ending 31 December 2025, and that none of its directors or controlling shareholders has any interest in the transaction beyond their shareholdings in Sing Holdings.

The most recent analyst rating on (SG:5IC) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on Sing Holdings Ltd. stock, see the SG:5IC Stock Forecast page.