Ho Bee Land Limited (H13) AI Stock Analysis

• Market Cap: S$1.43B
• Dividend Yield: 1.84%
• Average Volume (3M): 145.60K
• Price to Earnings (P/E): 9.5
• Beta (1Y): 0.48
• Revenue Growth: -8.06%
• EPS Growth: N/A
• Country: SG
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): 0.07
• Shares Outstanding: 703,338,000
• 10 Day Avg. Volume: 68,280
• 30 Day Avg. Volume: 145,603
• PEG Ratio: -0.08
• Price to Book (P/B): 0.33
• Price to Sales (P/S): 2.30
• P/FCF Ratio: 4.78
• 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): 0.43
• Revenue Forecast (FY): S$393.56M

• Rating: 69 Neutral
• Price Target: S$2.50 ▲(15.21% Upside)

Ho Bee Land Limited's overall stock score reflects a balanced view of its financial performance, technical indicators, and valuation. The company's strong profitability margins and stable financial position are positive factors, but declining revenue growth and cash flow challenges are concerns. The technical analysis indicates a bullish trend, while the valuation suggests the stock is reasonably priced. The absence of earnings call and corporate events data does not impact the score.

Positive Factors

Profitability Margins

Strong profitability margins, such as a gross profit margin of 54.57%, indicate efficient cost management and robust operational efficiency, which can sustain long-term financial health.

Financial Stability

An improved debt-to-equity ratio from 0.85 to 0.71 and a solid equity base enhance financial stability, providing a buffer against economic fluctuations and supporting future growth.

Net Profit Margin Recovery

The recovery in net profit margin from negative to 20.75% indicates a successful turnaround in profitability, which can boost investor confidence and support future investments.

Negative Factors

Declining Revenue Growth

Negative revenue growth suggests challenges in sales expansion, which could hinder long-term growth prospects and necessitate strategic adjustments to regain momentum.

Free Cash Flow Challenges

Declining free cash flow growth limits the company's ability to reinvest in business operations and pursue growth opportunities, potentially impacting future financial flexibility.

Low Return on Equity

A low return on equity indicates limited returns for shareholders, which may affect investor perception and the company's ability to attract new capital for expansion.

Ho Bee Land Limited Business Overview & Revenue Model

Company Description

Ho Bee Land Limited (H13) is a Singapore-based property development and investment company that specializes in residential, commercial, and industrial properties. Established in 1987, the company has expanded its portfolio to include high-end residential developments, office buildings, and integrated mixed-use projects primarily in Singapore and overseas markets, notably in Australia and the United Kingdom. Ho Bee Land is recognized for its commitment to quality and excellence in property development.

How the Company Makes Money

Ho Bee Land generates revenue primarily through the sale of residential and commercial properties, as well as leasing income from its investment properties. The company profits from property development projects by selling units upon completion, which contributes significantly to its earnings. Additionally, the rental income from its portfolio of commercial properties provides a stable revenue stream. The company's strategic partnerships with local and international developers also enhance its market presence and project execution. Furthermore, Ho Bee Land may benefit from capital appreciation of its assets over time, which contributes to its overall financial growth.

Ho Bee Land Limited Financial Statement Overview

Summary

Ho Bee Land Limited demonstrates a mixed financial performance. The income statement shows strong profitability margins, but declining revenue growth is a concern. The balance sheet reflects improved leverage and a strong equity position, enhancing financial stability. However, the cash flow statement indicates challenges with declining free cash flow growth. The company needs to focus on revenue growth and improving cash flow generation to enhance its financial health.

Income Statement

Ho Bee Land Limited shows a mixed performance in its income statement. The company has a strong gross profit margin of 54.57% for 2024, indicating efficient cost management. However, the revenue growth rate is negative at -1.84%, showing a decline in sales compared to the previous year. The net profit margin has improved to 20.75% from a negative margin in 2023, indicating a recovery in profitability. The EBIT and EBITDA margins are robust at 59.08% and 59.28%, respectively, reflecting strong operational efficiency.

Balance Sheet

The balance sheet of Ho Bee Land Limited reflects a stable financial position. The debt-to-equity ratio has improved to 0.71 in 2024 from 0.85 in 2023, indicating a reduction in leverage. The return on equity is low at 2.97%, suggesting limited returns for shareholders. The equity ratio stands at 56.12%, indicating a solid equity base relative to total assets, which enhances financial stability.

Cash Flow

The cash flow statement shows some challenges. Free cash flow growth is negative at -16.69%, indicating a decline in available cash for reinvestment. The operating cash flow to net income ratio is 0.76, suggesting that operating cash flows are not fully covering net income. However, the free cash flow to net income ratio is healthy at 0.91, showing that a significant portion of net income is converted into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	510.88M	528.04M	444.87M	435.62M	347.69M	218.36M
Gross Profit	510.88M	288.14M	284.51M	289.18M	225.03M	218.36M
EBITDA	178.75M	313.01M	-49.70M	270.41M	400.38M	174.97M
Net Income	150.58M	109.56M	-259.85M	165.88M	330.51M	137.06M
Balance Sheet
Total Assets	6.48B	6.58B	6.98B	7.60B	6.74B	6.33B
Cash, Cash Equivalents and Short-Term Investments	0.00	183.12M	175.20M	344.77M	123.42M	118.74M
Total Debt	228.08M	2.62B	3.06B	3.42B	2.55B	2.00B
Total Liabilities	2.75B	2.88B	3.37B	3.67B	2.79B	2.69B
Stockholders Equity	3.72B	3.69B	3.60B	3.92B	3.93B	3.62B
Cash Flow
Free Cash Flow	261.16M	254.24M	150.44M	46.95M	51.84M	100.77M
Operating Cash Flow	261.16M	278.86M	319.10M	57.09M	54.16M	109.85M
Investing Cash Flow	231.12M	116.96M	204.32M	-890.97M	-41.65M	-31.68M
Financing Cash Flow	-466.07M	-385.65M	-681.86M	1.05B	-8.06M	-152.80M

Ho Bee Land Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.17
• 50DMA: Negative
• 100DMA: Positive
• 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:H13, the sentiment is Positive. The current price of 2.17 is above the 20-day moving average (MA) of 2.16, below the 50-day MA of 2.20, and above the 200-day MA of 2.00, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 48.39 is Neutral, neither overbought nor oversold. The STOCH value of 47.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:H13.

Ho Bee Land Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
A26	74 Outperform	―	―	―	―	11.38%	-10.78%
JYEU	70 Neutral	S$1.58B	29.26	2.88%	8.08%	-6.64%	-12.15%
H13	69 Neutral	S$1.43B	9.52	4.10%	1.84%	-8.06%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
AU8U	65 Neutral	S$1.37B	1,316.67	0.04%	6.58%	-8.59%	-93.48%
ADN	61 Neutral	S$1.16B	11.99	4.89%	4.51%	-6.67%	581.75%

Ho Bee Land Limited Corporate Events

Ho Bee Land Expands Australian Portfolio with Major Site Acquisitions

Ho Bee Land Limited has announced the acquisition of five residential development sites in Australia through its subsidiaries, HB QLD Pty Ltd and HBL VIC Pty Ltd, for approximately A$96.6 million. These projects, located in Queensland and Victoria, are expected to yield around 1,079 residential lots, enhancing the company’s portfolio and positioning in the Australian real estate market. The acquisitions align with government initiatives for infrastructure development, potentially benefiting stakeholders through increased property value and improved community amenities.