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First Sponsor Group Ltd
(SGX:ADN)
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Rating:49Neutral
Price Target:
S$0.99
▼(-5.71% Downside)
Action:Reiterated
Date:07/01/26
The score is primarily constrained by weak financial performance, driven by a major swing into losses, higher leverage, and inconsistent cash conversion. Technicals are broadly neutral with price hovering around longer-term averages but slightly below shorter-term averages. Valuation is moderately supportive due to the ~4.81% dividend yield, but a ~20.95 P/E tempers the benefit.
Positive Factors
Profitability
A strong net profit margin suggests efficient cost management and pricing power, supporting long-term financial health and shareholder returns.
Negative Factors
Revenue Decline
Declining revenue indicates challenges in market demand or competitive positioning, potentially impacting long-term growth and profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability
A strong net profit margin suggests efficient cost management and pricing power, supporting long-term financial health and shareholder returns.
Read all positive factors
First Sponsor Group Ltd (ADN) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.15B
Dividend Yield4.51%
Average Volume (3M)816.00
Price to Earnings (P/E)―
Beta (1Y)0.13
Revenue Growth-8.14%
EPS Growth-200.50%
CountrySG
Employees1,370
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.07
Shares Outstanding1,129,574,600
10 Day Avg. Volume320
30 Day Avg. Volume816
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.60
Price to Sales (P/S)3.99
P/FCF Ratio-463.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
First Sponsor Group Ltd Business Overview & Revenue Model
Company Description
First Sponsor Group Limited, an investment holding entity headquartered in Singapore and established in 2007, primarily engages in real estate development, investment, and sales. The company's operations are divided into four main segments: Proper...
First Sponsor Group Ltd Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
58
Neutral
Cash Flow
41
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 291.71M | 317.56M | 282.93M | 427.49M | 589.17M |
| Gross Profit | 103.34M | 135.85M | 131.87M | 206.09M | 241.32M |
| EBITDA | 23.48M | 221.09M | 124.50M | 259.51M | 244.45M |
| Net Income | -78.76M | 93.02M | 12.52M | 131.26M | 121.47M |
Balance Sheet | |||||
| Total Assets | 4.93B | 4.91B | 4.64B | 4.34B | 4.30B |
| Cash, Cash Equivalents and Short-Term Investments | 160.37M | 187.77M | 217.76M | 270.26M | 343.93M |
| Total Debt | 1.78B | 1.39B | 1.35B | 1.10B | 1.20B |
| Total Liabilities | 2.87B | 2.54B | 2.55B | 2.41B | 2.32B |
| Stockholders Equity | 1.95B | 2.27B | 1.97B | 1.81B | 1.86B |
Cash Flow | |||||
| Free Cash Flow | -2.51M | 13.90M | -431.58M | 273.23M | -160.78M |
| Operating Cash Flow | 17.86M | 24.40M | -397.50M | 285.42M | -152.91M |
| Investing Cash Flow | -107.39M | -105.62M | -105.21M | -487.57M | -189.37M |
| Financing Cash Flow | 60.56M | 92.54M | 415.13M | 150.13M | 221.45M |
First Sponsor Group Ltd Technical Analysis
Positive
1.05
Price Trends
1.02
Positive
1.00
Positive
0.99
Positive
Market Momentum
<0.01
Negative
57.83
Neutral
71.43
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 1.05 is above the 20-day moving average (MA) of 1.01, above the 50-day MA of 1.02, and above the 200-day MA of 0.99, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.83 is Neutral, neither overbought nor oversold. The STOCH value of 71.43 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | S$1.29B | 9.80 | 6.39% | 4.18% | -37.17% | 12.57% | |
59 Neutral | S$576.28M | -47.84 | -2.34% | 2.05% | -39.12% | -326.51% | |
56 Neutral | S$1.36B | 13.59 | 2.70% | 1.83% | -14.90% | -8.55% | |
51 Neutral | S$1.21B | -39.16 | -2.26% | 2.08% | 110.54% | 66.72% | |
49 Neutral | S$1.15B | -12.72 | 2.65% | 4.51% | -8.14% | -200.50% | |
41 Neutral | S$321.99M | -46.88 | -0.79% | ― | 23.57% | 92.66% |
* Real Estate Sector Average
SG:ADN
First Sponsor Group Ltd
1.02
0.05
4.83%
SG:B61
Bukit Sembawang Estates Limited
5.00
0.93
22.85%
SG:5UX
Oxley Holdings Ltd.
0.08
-0.02
-16.67%
SG:F1E
Low Keng Huat Singapore Ltd
0.78
0.35
81.40%
SG:H13
Ho Bee Land Limited
2.05
0.11
5.51%
SG:W05
Wing Tai Holdings Limited
1.59
0.32
25.20%
First Sponsor Group Ltd Corporate Events
First Sponsor revamps board roles after independent director’s retirement
Apr 27, 2026
First Sponsor Group Limited has reshaped its boardroom leadership following the retirement of independent director and former lead independent director, Mr Wee Guan Oei Desmond, at the close of its 27 April 2026 annual general meeting. His exit al...
First Sponsor leans on European growth as China property sales stay slow
Apr 27, 2026
First Sponsor Group reported that sales at its largely completed property development projects in the PRC remained sluggish in the first quarter of 2026, reflecting weak market sentiment, but said its strong financial position allows it to take a ...
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.