First Sponsor Group Ltd (ADN) AI Stock Analysis

• Market Cap: S$1.17B
• Dividend Yield: N/A
• Average Volume (3M): 1.31K
• Price to Earnings (P/E): 12.1
• Beta (1Y): 0.10
• Revenue Growth: -6.67%
• EPS Growth: 581.75%
• Country: SG
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): N/A
• Shares Outstanding: 1,129,574,600
• 10 Day Avg. Volume: 320
• 30 Day Avg. Volume: 1,313
• PEG Ratio: 0.02
• Price to Book (P/B): 0.54
• Price to Sales (P/S): 3.88
• P/FCF Ratio: 88.73
• 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: 61 Neutral
• Price Target: S$1.00 ▼(-1.96% Downside)

The overall stock score of 61 reflects a mixed financial performance with strong profitability but significant revenue and cash flow challenges. Technical analysis indicates a neutral to slightly bearish trend, while the valuation is attractive due to a reasonable P/E ratio and high dividend yield.

First Sponsor Group Ltd Business Overview & Revenue Model

Company Description

First Sponsor Group Limited, an investment holding company, invests in, develops, and sells residential and commercial properties in the People's Republic of China, Europe, and internationally. The company operates through Property Development, Property Investment, Property Financing, and Hotel Operations segments. It provides interest-bearing loans to associates, joint ventures, and third parties. In addition, the company engages in the subscription of debt securities and vendor financing arrangements, as well as manufacturing, trading, and distribution business. Further, it is involved in the hotel lease business; development and purchase of investment properties, including hotels; and ownership and operation of hotels and hot springs, as well as provides properties for lease primarily in the PRC, the Netherlands, Germany, and Italy. The company was incorporated in 2007 and is headquartered in Singapore.

How the Company Makes Money

First Sponsor Group Ltd generates revenue primarily through the sale and leasing of residential and commercial properties. The company develops properties, which are then sold to end-users or investors, providing a significant source of income. Additionally, First Sponsor earns recurring revenue from leasing its properties, including office spaces and retail units. The firm also benefits from property management services, which enhance its service offerings to clients. Strategic partnerships with local developers and financial institutions further bolster its market presence and facilitate financing for its projects, contributing to its overall revenue growth.

First Sponsor Group Ltd Financial Statement Overview

Summary

First Sponsor Group Ltd exhibits a mixed financial performance. Strong profitability metrics are offset by revenue decline and significant cash flow challenges. The balance sheet is stable, but low return on equity indicates room for improvement in generating shareholder value.

Income Statement

The income statement shows a mixed performance. The TTM (Trailing-Twelve-Months) gross profit margin is healthy at 40.96%, but there is a concerning revenue decline of 3.08%. Net profit margin is strong at 33.52%, indicating good profitability. However, the EBIT margin has decreased compared to the previous year, suggesting potential operational challenges.

Balance Sheet

The balance sheet reflects a stable financial position with a moderate debt-to-equity ratio of 0.65. The equity ratio is solid, indicating a strong capital base. However, the return on equity is relatively low at 4.45%, suggesting limited profitability from shareholders' investments.

Cash Flow

Cash flow analysis reveals challenges, with a significant decline in free cash flow growth at -92.5% TTM. The operating cash flow to net income ratio is low at 0.017, indicating potential cash generation issues. However, the free cash flow to net income ratio is reasonable at 51.78%, showing some ability to convert profits into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	298.57M	317.56M	282.93M	427.49M	589.17M	203.94M
Gross Profit	122.30M	135.85M	131.87M	206.09M	241.32M	171.91M
EBITDA	117.64M	221.09M	124.50M	259.51M	244.45M	150.72M
Net Income	100.07M	93.02M	12.52M	131.26M	121.47M	103.17M
Balance Sheet
Total Assets	4.88B	4.91B	4.64B	4.34B	4.30B	3.42B
Cash, Cash Equivalents and Short-Term Investments	153.03M	187.77M	217.76M	270.26M	343.93M	515.80M
Total Debt	1.44B	1.39B	1.35B	1.10B	1.20B	861.22M
Total Liabilities	2.54B	2.54B	2.55B	2.41B	2.32B	1.68B
Stockholders Equity	2.23B	2.27B	1.97B	1.81B	1.86B	1.67B
Cash Flow
Free Cash Flow	13.65M	13.90M	-431.58M	273.23M	-160.78M	153.35M
Operating Cash Flow	26.36M	24.40M	-397.50M	285.42M	-152.91M	169.84M
Investing Cash Flow	-60.76M	-105.62M	-105.21M	-487.57M	-189.37M	-240.10M
Financing Cash Flow	-17.17M	92.54M	415.13M	150.13M	221.45M	219.03M

First Sponsor Group Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:ADN, the sentiment is Positive. The current price of 1.02 is below the 20-day moving average (MA) of 1.03, below the 50-day MA of 1.03, and above the 200-day MA of 1.02, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.43 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:ADN.

First Sponsor Group Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JYEU	70 Neutral	S$1.58B	29.26	2.88%	7.70%	-6.64%	-12.15%
H13	69 Neutral	S$1.41B	9.39	4.10%	―	-8.06%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
AU8U	65 Neutral	S$1.37B	1,316.67	0.04%	6.49%	-8.59%	-93.48%
Q5T	65 Neutral	S$1.24B	34.38	1.92%	7.16%	-3.65%	-69.86%
ADN	61 Neutral	S$1.17B	12.11	4.89%	―	-6.67%	581.75%
TS0U	56 Neutral	S$1.90B	-24.82	-2.15%	6.03%	-11.65%	-137.98%

First Sponsor Group Ltd Corporate Events

First Sponsor Group Allocates Rights Issue Proceeds to Strategic Projects

First Sponsor Group Ltd has provided an update on the use of approximately S$243.2 million net proceeds from a recent rights issue. The funds have been allocated to various projects, including property development in Amsterdam, property financing in Europe and Australia, and property holding activities such as hotel renovations and acquisitions. This strategic allocation supports the company’s growth in its key markets and aligns with its stated objectives.