Frasers Logistics & Commercial Trust (BUOU) AI Stock Analysis

• Market Cap: $3.65B
• Dividend Yield: 7.44%
• Average Volume (3M): 10.33M
• Price to Earnings (P/E): 27.0
• Beta (1Y): 0.90
• Revenue Growth: 11.98%
• EPS Growth: N/A
• Country: SG
• Employees: 22
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Industrial
• EPS (TTM): 0.02
• Shares Outstanding: 3,778,192,600
• 10 Day Avg. Volume: 7,560,240
• 30 Day Avg. Volume: 10,333,340
• PEG Ratio: -0.12
• Price to Book (P/B): 1.01
• Price to Sales (P/S): 9.66
• P/FCF Ratio: 19.34
• Enterprise Value/Market Cap: 1.65
• Enterprise Value/Revenue: 12.45
• Enterprise Value/Gross Profit: 37.65
• Enterprise Value/Ebitda: 18.82
• 1Y Price Target: $1.05
• Price Target Upside: 7.37% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 71 Outperform
• Price Target: S$1.00 ▲(2.04% Upside)

Frasers Logistics & Commercial Trust demonstrates strong financial recovery and robust cash flow generation, which are significant strengths. The technical indicators show a positive trend, supporting the stock's momentum. While the valuation is moderate, the high dividend yield enhances its attractiveness. The absence of earnings call data and corporate events does not impact the overall score.

Positive Factors

Revenue Growth

The company's strong revenue growth indicates a successful expansion strategy and effective asset management, enhancing long-term profitability.

Cash Flow Generation

Robust cash flow growth supports operational efficiency and provides financial flexibility for future investments and debt management.

Profit Margin Improvement

Improved profit margins reflect effective cost management and revenue optimization, strengthening the company's financial position.

Negative Factors

Moderate Leverage

Moderate leverage could limit financial flexibility and increase risk, potentially impacting the company's ability to invest in growth opportunities.

Past Negative Profitability

Past negative profitability highlights potential vulnerabilities in financial performance, necessitating continued focus on maintaining operational efficiency.

Leverage Impact on Equity

While equity levels are strong, ongoing leverage could strain resources, impacting the company's ability to sustain long-term growth and stability.

Frasers Logistics & Commercial Trust Business Overview & Revenue Model

Company Description

Frasers Logistics & Commercial Trust (FLCT) is a Singapore-listed real estate investment trust with a portfolio comprising 100 industrial and commercial properties, worth approximately S$6.2 billion, diversified across five major developed markets – Australia, Germany, Singapore, the United Kingdom and the Netherlands. FLCT was listed on the Mainboard of Singapore Exchange Securities Trading Limited (SGX-ST) on 20 June 2016 as Frasers Logistics & Industrial Trust and was subsequently renamed Frasers Logistics & Commercial Trust on 29 April 2020 following the completion of a merger with Frasers Commercial Trust. FLCT's investment strategy is to invest globally in a diversified portfolio of income-producing properties used predominantly for logistics or industrial purposes located globally, or commercial purposes (comprising primarily CBD office space) or business park purposes (comprising primarily non-CBD office space and/or research and development space) located in the Asia-Pacific region or in Europe (including the United Kingdom). FLCT is sponsored by Frasers Property Limited.

How the Company Makes Money

Frasers Logistics & Commercial Trust generates revenue primarily through rental income from its portfolio of properties. The trust leases its logistics and commercial spaces to a variety of tenants, which include large corporations and SMEs, under long-term lease agreements that provide stable and predictable cash flows. Additionally, the trust may benefit from rental escalations built into lease contracts, contributing to revenue growth over time. The company also engages in strategic acquisitions of quality properties to enhance its portfolio and drive further income. Factors such as strong demand for logistics space due to the growth of e-commerce and effective asset management strategies play a significant role in optimizing occupancy rates and rental yields, thereby bolstering its earnings.

Frasers Logistics & Commercial Trust Financial Statement Overview

Summary

Frasers Logistics & Commercial Trust has shown a strong recovery in financial performance, with significant revenue and net income growth. The balance sheet is stable with a healthy equity ratio, though leverage is moderate. Cash flow generation is robust, indicating efficient financial management.

Income Statement

Frasers Logistics & Commercial Trust has demonstrated solid revenue growth over the past year, with a notable increase from 2023 to 2024. The gross profit margin remains robust at approximately 74.5% for 2024. However, the company experienced a negative EBIT and EBITDA in 2023, which has since recovered significantly in 2024. Net profit margin has improved to 29.9% after a negative result in 2023, indicating a strong turnaround.

Balance Sheet

The balance sheet shows a healthy equity ratio of 59.8% in 2024, indicating a strong asset base relative to liabilities. However, the debt-to-equity ratio stands at 56.5%, reflecting moderate leverage. The return on equity has improved from negative in 2023 to 3.5% in 2024, signaling a positive trend in profitability.

Cash Flow

The company has shown impressive growth in free cash flow, with a significant increase of 58.3% from 2023 to 2024. The operating cash flow to net income ratio is strong at 2.11, indicating efficient cash generation relative to net income. The free cash flow to net income ratio is also favorable at 1.51, highlighting effective cash utilization.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	482.35M	446.67M	420.78M	450.19M	469.33M	332.03M
Gross Profit	159.49M	321.13M	314.13M	347.92M	365.82M	269.18M
EBITDA	319.02M	281.62M	-24.95M	902.74M	922.08M	567.62M
Net Income	134.28M	147.53M	-103.03M	728.64M	731.11M	454.72M
Balance Sheet
Total Assets	7.16B	7.14B	6.94B	7.41B	7.68B	6.73B
Cash, Cash Equivalents and Short-Term Investments	131.91M	133.57M	152.74M	220.73M	140.37M	168.65M
Total Debt	2.61B	2.41B	2.16B	2.10B	2.84B	2.62B
Total Liabilities	2.99B	2.81B	2.51B	2.52B	3.06B	2.93B
Stockholders Equity	4.08B	4.27B	4.38B	4.84B	4.57B	3.77B
Cash Flow
Free Cash Flow	221.57M	223.16M	140.99M	141.51M	231.37M	182.11M
Operating Cash Flow	309.78M	311.37M	302.25M	269.13M	260.26M	182.16M
Investing Cash Flow	-208.39M	-263.66M	-128.31M	523.51M	-325.41M	-453.50M
Financing Cash Flow	-65.82M	-67.38M	-243.09M	-737.69M	-4.79M	323.22M

Frasers Logistics & Commercial Trust Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.98
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BUOU, the sentiment is Positive. The current price of 0.98 is above the 20-day moving average (MA) of 0.96, above the 50-day MA of 0.94, and above the 200-day MA of 0.86, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 64.00 is Neutral, neither overbought nor oversold. The STOCH value of 71.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:BUOU.

Frasers Logistics & Commercial Trust Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DHLU	73 Outperform	S$405.93M	13.52	5.87%	7.90%	-5.80%	-27.16%
BUOU	71 Outperform	$3.65B	27.03	3.21%	7.44%	11.98%	―
ME8U	70 Outperform	$6.13B	18.05	6.88%	6.15%	0.24%	193.35%
O5RU	68 Neutral	S$1.10B	33.50	3.17%	7.12%	5.21%	-25.46%
M44U	66 Neutral	$6.42B	35.20	2.72%	6.04%	-1.47%	-39.12%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
9A4U	56 Neutral	S$2.27B	―	-4.88%	6.60%	10.51%	-40.93%

Frasers Logistics & Commercial Trust Corporate Events

Frasers Logistics & Commercial Trust Secures USD 50 Million Loan Facility

Frasers Logistics & Commercial Trust has entered into a USD 50 million loan facility agreement with The HongKong and Shanghai Banking Corporation Limited, Singapore Branch. The agreement includes a condition that mandates prepayment if there is a change in the management of FLCT without the lender’s consent, potentially impacting the company’s financial operations and stakeholder interests.

The most recent analyst rating on (SG:BUOU) stock is a Hold with a S$0.90 price target. To see the full list of analyst forecasts on Frasers Logistics & Commercial Trust stock, see the SG:BUOU Stock Forecast page.

Frasers Logistics & Commercial Trust Issues New Units for Management Fees

Frasers Logistics & Commercial Trust announced the issuance of 8,247,948 new units to pay management fees for the period from April to June 2025. This move reflects the company’s strategy to manage its financial obligations through equity, potentially impacting its unit holders and market position by altering the unit distribution and financial structure.

The most recent analyst rating on (SG:BUOU) stock is a Buy with a S$1.11 price target. To see the full list of analyst forecasts on Frasers Logistics & Commercial Trust stock, see the SG:BUOU Stock Forecast page.

Frasers Logistics & Commercial Trust Prices S$100 Million Notes for Strategic Financing

Frasers Logistics & Commercial Trust has announced the pricing of S$100 million in notes due 2034, under its S$1 billion Multicurrency Debt Issuance Programme. The proceeds from these notes, which are rated ‘BBB+’ by Fitch Ratings, will be used for refinancing existing borrowings, financing acquisitions, and general corporate purposes, potentially impacting the company’s financial flexibility and growth strategy.

The most recent analyst rating on (SG:BUOU) stock is a Buy with a S$1.11 price target. To see the full list of analyst forecasts on Frasers Logistics & Commercial Trust stock, see the SG:BUOU Stock Forecast page.

Frasers Logistics & Commercial Trust Secures S$200 Million Loan with Management Stability Clause

Frasers Logistics & Commercial Trust has announced a significant loan facility agreement involving a S$200 million sustainability-linked loan with DBS Bank Ltd. The agreement includes a condition that mandates prepayment if there is a change in the manager of FLCT without the lender’s consent, or if Frasers Property Limited’s control over the manager falls below 50%. This condition underscores the importance of stability in management for maintaining financial arrangements and could impact the trust’s operational flexibility.

The most recent analyst rating on (SG:BUOU) stock is a Buy with a S$1.11 price target. To see the full list of analyst forecasts on Frasers Logistics & Commercial Trust stock, see the SG:BUOU Stock Forecast page.