GuocoLand Limited (F17) AI Stock Analysis

• Market Cap: S$3.05B
• Dividend Yield: 3.2%
• Average Volume (3M): 296.79K
• Price to Earnings (P/E): 28.5
• Beta (1Y): 0.46
• Revenue Growth: 4.58%
• EPS Growth: -14.92%
• Country: SG
• Employees: 160
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): 0.07
• Shares Outstanding: 1,183,373,300
• 10 Day Avg. Volume: 305,960
• 30 Day Avg. Volume: 296,786
• PEG Ratio: -18.94
• Price to Book (P/B): 0.37
• Price to Sales (P/S): 0.87
• P/FCF Ratio: 8.51
• 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: S$3.30
• Price Target Upside: 20.10% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.13
• Revenue Forecast (FY): S$1.51B

• Rating: 63 Neutral
• Price Target: S$3.00 ▲(9.09% Upside)
• Action: Reiterated Date: 02/11/26
• Date: Action: Reiterated 02/11/26

The score is driven primarily by mixed financial performance: solid revenue growth is offset by declining margins, high leverage, and weakening free cash flow growth. Technicals are supportive with an established uptrend, but very overbought momentum increases near-term downside risk. Valuation is a headwind due to a high P/E with only a moderate dividend yield.

Positive Factors

Recurring investment property income

Recurring rental and property income provides a steady, less cyclical cash stream versus pure development flips. That stable income base supports operational cash flow, helps smooth earnings volatility from project timing, and underpins long-term funding for reinvestment or debt servicing.

Recent revenue growth

An 8.73% year-on-year revenue increase signals sustained demand and execution in the development pipeline. Durable top-line growth improves scale economics, supports future project funding capacity, and provides runway to absorb cyclical headwinds if the trend continues over subsequent quarters.

Strong FCF-to-net-income conversion

A 0.97 FCF-to-net-income ratio indicates the company converts reported profits into cash efficiently, an important trait in capital-intensive real estate. This supports dividend capacity, capex funding or gradual deleveraging without immediate reliance on external capital, aiding long-term resilience.

Negative Factors

High leverage

A debt-to-equity ratio of 1.21 signals materially elevated leverage for a property developer/investor. High debt raises interest expense sensitivity, limits financial flexibility for land acquisition or project funding, and increases refinancing and liquidity risk if credit markets or rates worsen.

Declining profit margins

Compression in gross and net margins reduces retained earnings and returns on invested capital. Sustained margin decline constrains the company's ability to self-fund projects, weakens ROE, and makes profitability more vulnerable to cost inflation or pricing pressure over medium term.

Weak operating cash conversion & FCF drop

A 79% drop in FCF growth combined with a 0.14 operating cash-to-net-income ratio signals earnings are not translating into operating cash. For a capital-intensive real estate firm, this raises risks around funding project completions, servicing debt, and increases reliance on external financing, affecting liquidity stability.

GuocoLand Limited Business Overview & Revenue Model

Company Description

GuocoLand Limited, an investment holding company, invests, develops, and manages various properties. It operates through GuocoLand Singapore, GuocoLand China, GuocoLand Malaysia, GuocoLand Vietnam, and Others segments. The company develops residential, hospitality, commercial, retail, mixed-use, and integrated properties; rents properties; and operates and manages hotels. It also offers management, marketing, and maintenance services. The company was formerly known as First Capital Corporation Ltd. and changed its name to GuocoLand Limited in November 2002. GuocoLand Limited was incorporated in 1976 and is headquartered in Singapore. GuocoLand Limited is a subsidiary of GuocoLand Assets Pte. Ltd.

How the Company Makes Money

GuocoLand generates revenue through several key streams, primarily from property sales and rental income. The company develops residential and commercial properties, selling units to homebuyers and investors, which constitutes a significant portion of its earnings. Additionally, GuocoLand earns recurring income from leasing its commercial properties, including office spaces and retail outlets, contributing to steady cash flow. The hospitality segment also plays a role in its revenue model, with income derived from operating hotels. The company's strategic partnerships with local governments and other stakeholders in real estate development further enhance its project pipeline and market reach, facilitating growth and profitability.

GuocoLand Limited Financial Statement Overview

Summary

Revenue grew 8.73%, but profitability weakened (gross margin down to 19.09% and net margin down to 5.59%). Balance sheet leverage is elevated (debt-to-equity 1.21) with low ROE (2.37%). Cash flow is a key concern with free cash flow growth down 79.18% and a low operating cash flow to net income ratio (0.14).

Income Statement

GuocoLand Limited has shown a consistent revenue growth trend with an 8.73% increase in the latest year, indicating strong sales performance. However, the gross profit margin has decreased from 21.64% to 19.09%, and net profit margin has also declined from 7.09% to 5.59%, suggesting increased costs or pricing pressures. EBIT and EBITDA margins remain relatively stable, reflecting operational efficiency.

Balance Sheet

The company maintains a high debt-to-equity ratio of 1.21, indicating significant leverage, which could pose financial risk if not managed properly. Return on equity has decreased to 2.37%, reflecting lower profitability on shareholder investments. The equity ratio is stable, suggesting a balanced asset structure.

Cash Flow

There is a significant decline in free cash flow growth, down by 79.18%, which raises concerns about cash generation capabilities. The operating cash flow to net income ratio is low at 0.14, indicating potential cash flow issues. However, the free cash flow to net income ratio remains strong at 0.97, suggesting efficient cash conversion from profits.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	1.92B	1.82B	1.55B	965.51M	853.73M
Gross Profit	365.84M	393.63M	379.83M	365.66M	268.44M
EBITDA	399.23M	421.92M	320.11M	634.83M	316.10M
Net Income	107.05M	128.99M	207.09M	392.73M	169.11M
Balance Sheet
Total Assets	12.38B	12.34B	12.01B	12.33B	11.32B
Cash, Cash Equivalents and Short-Term Investments	761.33M	984.15M	890.44M	1.08B	1.13B
Total Debt	5.48B	5.27B	6.00B	5.65B	5.12B
Total Liabilities	6.85B	6.75B	6.85B	7.02B	6.37B
Stockholders Equity	4.52B	4.33B	4.27B	4.69B	4.41B
Cash Flow
Free Cash Flow	196.13M	466.60M	440.03M	-29.68M	384.88M
Operating Cash Flow	202.81M	471.51M	442.67M	-28.76M	388.16M
Investing Cash Flow	-36.36M	-259.81M	-132.93M	-322.04M	213.38M
Financing Cash Flow	-390.40M	-116.71M	-452.06M	308.47M	-422.94M

GuocoLand Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.75
• 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:F17, the sentiment is Positive. The current price of 2.75 is above the 20-day moving average (MA) of 2.74, above the 50-day MA of 2.42, and above the 200-day MA of 1.93, indicating a neutral trend. The MACD of 0.11 indicates Positive momentum. The RSI at 57.49 is Neutral, neither overbought nor oversold. The STOCH value of 36.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:F17.

GuocoLand Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
U06	72 Outperform	S$5.29B	19.42	3.47%	1.42%	8.44%	41.63%
BUOU	71 Outperform	S$3.76B	18.20	4.77%	6.04%	2.01%	38.17%
TQ5	67 Neutral	S$4.16B	18.09	2.37%	4.02%	-18.20%	40.87%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
C2PU	64 Neutral	S$2.62B	17.16	5.49%	3.76%	2.55%	-23.99%
F17	63 Neutral	S$3.05B	28.50	2.22%	3.20%	4.58%	-14.92%
LJ3	53 Neutral	S$810.27M	-5.72	-4.81%	1.69%	-1.32%	-211.26%

GuocoLand Limited Corporate Events

GuocoLand Moves to Privatise Malaysian Subsidiary With Premium Cash Offer

GuocoLand Limited has proposed to privatise its 67.93%-owned subsidiary GuocoLand (Malaysia) Berhad via a selective capital reduction and repayment exercise under Malaysian company law, offering minority shareholders RM1.10 per share in cash, a premium to recent market prices. If approved by the GuocoLand (Malaysia) board, disinterested shareholders, the Malaysian High Court and other relevant parties, the transaction will see GuocoLand (Malaysia) delisted from Bursa Malaysia, with GuocoLand’s Malaysian unit becoming the sole shareholder. The move is positioned as giving minority investors a chance to exit an illiquid stock at an attractive cash premium while enabling the Malaysian operations to operate as a fully private entity with a more streamlined structure and greater flexibility in managing resources.

The most recent analyst rating on (SG:F17) stock is a Hold with a S$3.00 price target. To see the full list of analyst forecasts on GuocoLand Limited stock, see the SG:F17 Stock Forecast page.

GuocoLand Malaysia Wins High Court Bid to Set Aside Arbitration Award

GuocoLand (Malaysia) Berhad, through its subsidiary GLM Emerald Hills (Cheras) Sdn Bhd, has successfully challenged an arbitration award previously granted in favour of contractor Barisan Performa Sdn Bhd in a dispute linked to its property development activities. The Kuala Lumpur High Court has allowed GLM Emerald Hills’ application to set aside the 16 June 2025 arbitration award and dismissed Barisan Performa’s bid to enforce it, removing a potential financial and legal overhang for the group and reducing uncertainty around the project and its related obligations.

The most recent analyst rating on (SG:F17) stock is a Hold with a S$3.00 price target. To see the full list of analyst forecasts on GuocoLand Limited stock, see the SG:F17 Stock Forecast page.

GuocoLand Malaysia Lifts Revenue but Sees Profit Margin Pressure in Q2 FY2026

GuocoLand (Malaysia) Berhad reported a year-on-year revenue increase to MYR 150.8 million for the quarter ended 31 December 2025, up from MYR 144.2 million a year earlier, while cumulative revenue for the first half of its 2026 financial year rose to MYR 273.5 million from MYR 213.6 million. Despite higher revenue, quarterly profit before tax fell to MYR 10.8 million from MYR 14.1 million, with profit attributable to shareholders easing to MYR 6.7 million from MYR 7.4 million, and basic earnings per share declining to 1.00 sen from 1.10 sen, as the company kept dividends unchanged at zero and net assets per share remained broadly flat, indicating margin pressures and a cautious capital-return stance even as top-line performance improves.

The most recent analyst rating on (SG:F17) stock is a Hold with a S$2.50 price target. To see the full list of analyst forecasts on GuocoLand Limited stock, see the SG:F17 Stock Forecast page.

Tower REIT Posts Higher Q2 Earnings and Revenue but Withholds Dividend Payout

Tower REIT reported a modestly stronger second quarter for the financial period ended 31 December 2025, with revenue rising to MYR 10.48 million from MYR 10.03 million a year earlier and profit before tax increasing to MYR 2.53 million from MYR 2.34 million. Profit for the period matched profit before tax at MYR 2.53 million, while basic earnings per unit improved to 0.52 sen from 0.48 sen, and net assets per unit inched up to MYR 1.1669 from MYR 1.1601 at the previous financial year-end. For the year-to-date, revenue grew to MYR 20.87 million and profit to MYR 5.30 million, both higher than the previous corresponding period, but no dividend was declared for the quarter compared with 0.82 sen a year earlier, signaling a more conservative distribution stance despite the stronger financial performance.

The most recent analyst rating on (SG:F17) stock is a Hold with a S$2.50 price target. To see the full list of analyst forecasts on GuocoLand Limited stock, see the SG:F17 Stock Forecast page.

GuocoLand Reports Strong Q1 2026 Financial Performance

GuocoLand (Malaysia) Berhad reported significant financial growth in the first quarter ending September 30, 2025, with revenue increasing to MYR 122.7 million from MYR 69.4 million in the previous year. The company’s profit before tax rose to MYR 11.7 million, indicating a strong performance that underscores its competitive positioning in the real estate market, though no dividends were declared for this period.

The most recent analyst rating on (SG:F17) stock is a Hold with a S$2.50 price target. To see the full list of analyst forecasts on GuocoLand Limited stock, see the SG:F17 Stock Forecast page.