Bund Center Investment Ltd (BTE) AI Stock Analysis

• Market Cap: S$314.89M
• Dividend Yield: 8.67%
• Average Volume (3M): 48.04K
• Price to Earnings (P/E): 23.2
• Beta (1Y): 0.48
• Revenue Growth: 0.62%
• EPS Growth: 22.60%
• Country: SG
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): N/A
• Shares Outstanding: 760,489,870
• 10 Day Avg. Volume: 8,660
• 30 Day Avg. Volume: 48,040
• PEG Ratio: 0.95
• Price to Book (P/B): 0.79
• Price to Sales (P/S): 3.46
• P/FCF Ratio: 9.83
• 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$0.45 ▲(9.02% Upside)

The score is driven primarily by strong financial stability (minimal leverage, high equity backing) and solid profitability/revenue growth, partially offset by weakening free cash flow growth. Technicals are neutral with slight weakness versus moving averages, while valuation is supported by a high dividend yield but tempered by a higher P/E.

Positive Factors

Balance Sheet Strength

Extremely low leverage and a high equity ratio provide durable financial resilience for real estate cycles. This balance sheet enables the company to fund developments, secure financing on favorable terms, and withstand downturns without forcing asset sales, supporting long-term stability.

Margin and Profitability

Sustained high gross and EBITDA margins indicate durable pricing power and project profitability in development and asset management. Healthy margins support reinvestment and dividends, and provide a cushion against cost inflation, sustaining earnings through multi-quarter cycles.

Diversified Revenue Model

Multiple income streams—sales, recurring leasing cash flow, and asset-management fees—reduce cyclicality inherent in property sales. Government and partner ties allow access to large projects, supporting steady cash generation and scale over the medium term.

Negative Factors

Declining Free Cash Flow Growth

An 11.3% drop in free cash flow growth is a durable concern: lower FCF constrains reinvestment in projects, limits the ability to raise dividends or buy back shares, and reduces buffer for debt service or opportunistic acquisitions over coming quarters.

Low Return on Equity

A modest ROE despite a strong equity base suggests suboptimal capital deployment. With high equity ratios, low ROE implies the firm may not be leveraging assets or capital efficiently to generate shareholder returns, limiting long-term EPS and total-return potential.

Modest Revenue Growth & Operational Efficiency

Revenue growth around 6.6% is moderate for a growth-oriented real estate developer and may not outpace inflation or sector peers. Coupled with noted operational efficiency gaps, this constrains scalable margin expansion and longer-term earnings acceleration without strategic improvements.

Bund Center Investment Ltd Business Overview & Revenue Model

Company Description

Bund Center Investment Ltd, an investment holding company, owns a hotel, and owns and manages commercial and retail properties in the People's Republic of China. It operates through Hotel and Property Leasing segments. The company owns The Westin Bund Center Shanghai, a five-star hotel in Shanghai comprising 570 rooms. It also owns and manages the Bund Center Office Tower in Shanghai; and the Golden Center, a six-storey retail complex in Ningbo. In addition, the company is involved in the trading of hotel supplies and related products; property development activities; and provision of consultancy and management services, as well as ownership and leasing of investment properties. Bund Center Investment Ltd was incorporated in 2009 and is based in Singapore. Bund Center Investment Ltd is a subsidiary of Flambo Bund Centre Ltd.

How the Company Makes Money

Bund Center Investment Ltd generates revenue through multiple key streams. Primarily, the company makes money by developing and selling residential and commercial properties, capitalizing on the growing demand for real estate in urban areas. Additionally, BTE earns revenue from leasing properties, which provides a steady income stream from rental agreements with tenants. The company also engages in asset management services, where it manages investment portfolios for clients, charging management fees based on asset values. Strategic partnerships with local governments and other businesses further enhance its capabilities and market presence, allowing BTE to undertake large-scale infrastructure projects that contribute significantly to its earnings. Overall, the combination of property sales, leasing, and asset management fees forms the core of BTE's revenue model.

Bund Center Investment Ltd Financial Statement Overview

Summary

Strong balance sheet (very low debt-to-equity of 0.0013 and high equity ratio of 89.1%) supports stability. Profitability is solid (gross margin 43.2%, net margin 16.1%) with steady revenue growth (6.6%). The main drag is declining free cash flow growth (-11.3%), which reduces financial flexibility.

Income Statement

Bund Center Investment Ltd shows a solid performance in its income statement with a consistent revenue growth rate of 6.6% in the latest year, indicating a positive trajectory. The gross profit margin of 43.2% and net profit margin of 16.1% reflect strong profitability. However, the EBIT margin of 26.9% and EBITDA margin of 51.1% suggest room for improvement in operational efficiency.

Balance Sheet

The company's balance sheet is robust with a very low debt-to-equity ratio of 0.0013, indicating minimal leverage and financial risk. The return on equity (ROE) of 3.7% is modest, suggesting potential for better utilization of equity. The equity ratio of 89.1% highlights a strong equity base relative to total assets, ensuring stability.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth by 11.3%, which is a concern. However, the operating cash flow to net income ratio of 1.52 and free cash flow to net income ratio of 0.91 indicate healthy cash generation relative to earnings. The company should focus on improving free cash flow growth to enhance financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	82.13M	84.41M	83.89M	67.61M	83.23M	68.80M
Gross Profit	58.09M	36.49M	35.90M	24.40M	32.15M	24.77M
EBITDA	21.57M	43.15M	32.11M	35.09M	42.58M	36.93M
Net Income	9.54M	13.56M	11.10M	2.58M	11.53M	9.59M
Balance Sheet
Total Assets	400.01M	412.89M	409.53M	435.46M	502.10M	488.16M
Cash, Cash Equivalents and Short-Term Investments	0.00	168.72M	151.49M	150.63M	174.48M	159.87M
Total Debt	0.00	490.00K	630.00K	277.00K	82.00K	23.00K
Total Liabilities	35.07M	34.75M	34.54M	34.81M	38.15M	36.51M
Stockholders Equity	356.99M	367.89M	362.04M	386.54M	447.55M	436.27M
Cash Flow
Free Cash Flow	33.74M	29.72M	31.47M	18.79M	29.78M	18.67M
Operating Cash Flow	35.98M	32.78M	32.96M	21.39M	33.94M	23.61M
Investing Cash Flow	39.41M	-3.06M	-4.29M	-2.60M	-4.16M	-3.54M
Financing Cash Flow	-10.76M	-13.94M	-22.36M	-27.70M	-22.79M	-23.97M

Bund Center Investment Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.41
• 50DMA: Positive
• 100DMA: Negative
• 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:BTE, the sentiment is Positive. The current price of 0.41 is below the 20-day moving average (MA) of 0.42, below the 50-day MA of 0.42, and above the 200-day MA of 0.39, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.85 is Neutral, neither overbought nor oversold. The STOCH value of 31.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:BTE.

Bund Center Investment 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%
BTE	68 Neutral	S$314.89M	23.18	―	8.67%	0.62%	22.60%
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%	―
T24	54 Neutral	S$431.28M	18.35	1.99%	2.15%	-41.12%	―