Bukit Sembawang Estates Limited (B61) AI Stock Analysis

• Market Cap: S$1.25B
• Dividend Yield: 4.18%
• Average Volume (3M): 47.28K
• Price to Earnings (P/E): 12.7
• Beta (1Y): 0.69
• Revenue Growth: -42.76%
• EPS Growth: -9.23%
• Country: SG
• Employees: 31
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 0.18
• Shares Outstanding: 258,911,320
• 10 Day Avg. Volume: 45,090
• 30 Day Avg. Volume: 47,280
• PEG Ratio: 0.13
• Price to Book (P/B): 0.59
• Price to Sales (P/S): 1.69
• P/FCF Ratio: 5.37
• 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: 73 Outperform
• Price Target: S$5.50 ▲(14.35% Upside)

Bukit Sembawang Estates Limited is financially robust with strong profitability and a solid balance sheet. The valuation is attractive with a low P/E ratio and high dividend yield. However, technical indicators show weak momentum, and recent declines in revenue and free cash flow growth are concerns. The absence of earnings call data and corporate events limits further insights.

Positive Factors

Strong balance sheet

Very low leverage and a high equity ratio provide durable financial resilience for a developer. This structural strength lowers refinancing risk, supports project funding and land acquisitions from internal resources, and provides a buffer during real estate downturns.

High and consistent profitability

Sustained margins above 20% indicate efficient project execution and cost control in development operations. Durable profitability supports reinvestment in the pipeline, funds operating needs through cycles, and signals competitive execution capabilities among peers.

Established development expertise

Long-standing expertise in land sourcing, design and project delivery is a structural competitive advantage. Strong contractor and agency partnerships improve cost and schedule outcomes, enabling repeatable project execution and the ability to capture land value over multiple cycles.

Negative Factors

Sharp recent revenue decline

A large drop in revenue reduces cash available for development and signals softer sales or project completions. If sustained, such declines impair the company's ability to maintain project cadence, invest in new sites, and preserve margins tied to scale and absorption rates.

Negative free cash flow growth

Negative FCF growth constrains the firm's self-funding capacity for land buys and new developments. Over time this raises reliance on external financing or asset disposals, increasing execution risk and potentially slowing the pace of new projects when market access tightens.

Revenue model exposed to property cycles

Heavy reliance on cyclical property sales makes earnings and cash flow sensitive to housing demand and policy shifts. Structural weakness in demand or prolonged market downturns can delay pre-sales, compress margins on new projects, and increase capital strain for ongoing developments.

Bukit Sembawang Estates Limited Business Overview & Revenue Model

Company Description

Bukit Sembawang Estates Limited, an investment holding company, engages in the property development in Singapore. It operates through Property Development, Investment Holding, and Hospitality segments. The company develops and sells residential properties; and holds and manages office buildings and investments. It also operates serviced apartments. Bukit Sembawang Estates Limited was founded in 1911 and is based in Singapore.

How the Company Makes Money

Bukit Sembawang Estates Limited generates revenue primarily through the sale and leasing of residential properties. The company's revenue model is driven by its development projects, where it acquires land, develops residential units, and subsequently sells them to homebuyers or investors. Key revenue streams include the sale of completed properties, pre-sales of units during the construction phase, and ongoing rental income from commercial and residential properties in its portfolio. Significant partnerships with contractors, architects, and real estate agencies enhance its operational efficiency and market reach, while strategic land acquisitions allow the company to expand its development pipeline and capitalize on favorable market conditions.

Bukit Sembawang Estates Limited Financial Statement Overview

Summary

Bukit Sembawang Estates Limited shows strong financial health with robust profitability and a solid balance sheet. The low leverage and high equity ratio provide stability, while the consistent profitability margins reflect operational efficiency. However, the recent decline in revenue and free cash flow growth could pose challenges if not addressed.

Income Statement

The company has demonstrated strong profitability with a consistent net profit margin above 20% in recent years, indicating efficient cost management. However, revenue growth has been inconsistent, with a notable decline in the most recent year. The EBIT and EBITDA margins are healthy, reflecting robust operational performance.

Balance Sheet

The balance sheet is strong with a very low debt-to-equity ratio, suggesting minimal leverage and financial risk. The return on equity has improved over the years, indicating effective use of equity capital. The equity ratio is high, underscoring a solid financial position with a significant portion of assets financed by equity.

Cash Flow

The company has maintained a positive operating cash flow, which is a good indicator of financial health. However, free cash flow growth has been negative recently, which could be a concern if it persists. The operating cash flow to net income ratio is strong, indicating good cash conversion from earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	549.96M	549.96M	561.96M	197.13M	288.23M	580.96M
Gross Profit	131.95M	131.95M	76.78M	34.11M	100.30M	243.36M
EBITDA	127.61M	142.29M	89.97M	45.70M	106.02M	239.68M
Net Income	114.29M	114.29M	70.85M	34.40M	82.92M	189.44M
Balance Sheet
Total Assets	1.70B	1.70B	1.60B	1.58B	1.67B	1.95B
Cash, Cash Equivalents and Short-Term Investments	582.42M	582.42M	452.24M	179.28M	522.18M	717.21M
Total Debt	1.01M	1.01M	650.00K	25.93M	132.11M	338.63M
Total Liabilities	103.31M	103.31M	78.73M	103.62M	191.38M	466.89M
Stockholders Equity	1.59B	1.59B	1.52B	1.47B	1.48B	1.48B
Cash Flow
Free Cash Flow	173.60M	173.60M	209.89M	-85.59M	99.73M	463.99M
Operating Cash Flow	173.78M	173.78M	210.00M	-85.12M	100.00M	464.59M
Investing Cash Flow	-184.00K	-184.00K	-111.00K	-461.00K	-270.00K	-606.00K
Financing Cash Flow	-43.42M	-43.42M	-51.65M	-150.52M	-298.59M	-34.92M

Bukit Sembawang Estates Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.81
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:B61, the sentiment is Positive. The current price of 4.81 is above the 20-day moving average (MA) of 4.79, above the 50-day MA of 4.52, and above the 200-day MA of 4.06, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 72.21 is Negative, neither overbought nor oversold. The STOCH value of 67.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:B61.

Bukit Sembawang Estates Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
B61	73 Outperform	S$1.25B	12.75	6.39%	4.18%	-42.76%	-9.23%
O10	71 Outperform	S$613.67M	10.13	4.51%	3.17%	-2.21%	-20.80%
U14	70 Outperform	S$8.00B	18.78	3.80%	2.06%	18.74%	-38.36%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
F1E	63 Neutral	S$535.64M	-39.10	-2.34%	2.05%	-39.12%	-326.51%
C09	62 Neutral	$8.05B	40.96	2.25%	1.23%	-10.52%	-39.75%