Bukit Sembawang Estates Limited (SG:B61)
SGX:B61
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Bukit Sembawang Estates Limited
(SGX:B61)
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Rating:61Neutral
Price Target:
S$5.00
▲(3.95% Upside)
Action:Downgraded
Date:05/22/26
The score is primarily held back by weak FY2026 cash generation (operating/free cash flow ~-S$319m) and increased leverage, despite continued profitability and a strong equity base. Technicals are neutral-to-slightly positive, and the ~4.12% dividend yield provides additional support.
Positive Factors
Equity-heavy balance sheet
A rising equity base (~S$1.67b in FY2026) provides a durable capital buffer that supports land acquisition, development funding and absorption of project lumpy earnings. This strengthens resilience through property cycles and improves long-term financing flexibility.
Negative Factors
Weak cash generation
A ~-S$319m operating/FCF outflow in FY2026 highlights material cash absorption from development working capital and completions timing. Persistently volatile cash generation raises refinancing and execution risk, increasing sensitivity to delays or cost overruns.
Read all positive and negative factors
Positive Factors
Negative Factors
Equity-heavy balance sheet
A rising equity base (~S$1.67b in FY2026) provides a durable capital buffer that supports land acquisition, development funding and absorption of project lumpy earnings. This strengthens resilience through property cycles and improves long-term financing flexibility.
Read all positive factors
Bukit Sembawang Estates Limited (B61) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.22B
Dividend Yield4.18%
Average Volume (3M)47.28K
Price to Earnings (P/E)24.0
Beta (1Y)0.78
Revenue Growth-37.17%
EPS Growth12.57%
CountrySG
Employees31
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.44
Shares Outstanding258,911,320
10 Day Avg. Volume45,090
30 Day Avg. Volume47,280
Financial Highlights & Ratios
PEG Ratio0.67
Price to Book (P/B)0.71
Price to Sales (P/S)3.41
P/FCF Ratio-3.69
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)0.37
Revenue Forecast (FY)S$463.00M
Bukit Sembawang Estates Limited Business Overview & Revenue Model
Company Description
Established in Singapore in 1911, Bukit Sembawang Estates Limited functions as an investment holding company with a primary involvement in property development across the city-state. Its business operations are structured into three distinct segme...
How the Company Makes Money
Bukit Sembawang Estates primarily makes money through (1) property development and sales and (2) rental and property-related income from investment properties.
1) Property development and sales (primary revenue driver)
- The company acquires or h...
Bukit Sembawang Estates Limited Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
74
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 549.96M | 345.55M | 549.96M | 561.96M | 197.13M | 288.23M |
| Gross Profit | 131.95M | 164.62M | 131.95M | 76.78M | 34.11M | 100.30M |
| EBITDA | 127.61M | 164.39M | 142.29M | 89.97M | 45.70M | 106.02M |
| Net Income | 114.29M | 128.64M | 114.29M | 70.85M | 34.40M | 82.92M |
Balance Sheet | ||||||
| Total Assets | 1.70B | 2.07B | 1.70B | 1.60B | 1.58B | 1.67B |
| Cash, Cash Equivalents and Short-Term Investments | 582.42M | 439.28M | 582.42M | 452.24M | 179.28M | 522.18M |
| Total Debt | 1.01M | 231.41M | 1.01M | 650.00K | 25.93M | 132.11M |
| Total Liabilities | 103.31M | 401.69M | 103.31M | 78.73M | 103.62M | 191.38M |
| Stockholders Equity | 1.59B | 1.67B | 1.59B | 1.52B | 1.47B | 1.48B |
Cash Flow | ||||||
| Free Cash Flow | 173.60M | -319.20M | 173.60M | 209.89M | -85.59M | 99.73M |
| Operating Cash Flow | 173.78M | -319.02M | 173.78M | 210.00M | -85.12M | 100.00M |
| Investing Cash Flow | -184.00K | -175.00K | -184.00K | -111.00K | -461.00K | -270.00K |
| Financing Cash Flow | -43.42M | 176.06M | -43.42M | -51.65M | -150.52M | -298.59M |
Bukit Sembawang Estates Limited Technical Analysis
Neutral
4.81
Price Trends
4.78
Negative
4.83
Negative
4.61
Positive
Market Momentum
-0.02
Positive
47.16
Neutral
23.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:B61, the sentiment is Neutral. The current price of 4.81 is above the 20-day moving average (MA) of 4.80, above the 50-day MA of 4.78, and above the 200-day MA of 4.61, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 47.16 is Neutral, neither overbought nor oversold. The STOCH value of 23.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:B61.
Bukit Sembawang Estates Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | S$765.82M | 39.18 | 0.67% | 1.20% | -5.87% | 20.27% | |
66 Neutral | S$1.39B | 14.18 | 2.70% | 1.83% | -14.90% | -8.55% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | S$1.22B | 24.00 | 6.39% | 4.18% | -37.17% | 12.57% | |
58 Neutral | S$393.78M | 21.01 | 1.99% | 2.15% | -24.16% | 1257.89% | |
51 Neutral | S$1.17B | -17.75 | -2.26% | 2.08% | 110.54% | 66.72% | |
41 Neutral | S$334.87M | -50.34 | -0.79% | ― | 23.57% | 92.66% |
* Real Estate Sector Average
SG:B61
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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.