Frasers Centrepoint (J69U) AI Stock Analysis

• Market Cap: $4.46B
• Dividend Yield: 5.52%
• Average Volume (3M): 5.70M
• Price to Earnings (P/E): 19.4
• Beta (1Y): 0.24
• Revenue Growth: 1.49%
• EPS Growth: 5.99%
• Country: SG
• Employees: 27
• Sector: Real Estate
• Sector Strength: 64
• Industry: REIT - Retail
• EPS (TTM): 0.05
• Shares Outstanding: 2,027,810,400
• 10 Day Avg. Volume: 5,963,760
• 30 Day Avg. Volume: 5,695,357
• PEG Ratio: -0.90
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 18.52
• 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: $2.61
• Price Target Upside: 18.81% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 68 Neutral
• Price Target: S$2.50 ▲(13.64%Upside)

Frasers Centrepoint's overall stock score reflects its strong financial performance and attractive valuation. However, the lack of significant technical momentum and recent revenue and cash flow challenges temper the outlook. With no earnings call or corporate events data, the score primarily draws from the company's stable financial foundation and decent income potential.

Positive Factors

Asset Expansion

Future stakes in NEX mall, WWP, and ROFR asset NPC south wing extend the growth runway by S$2.9bn, showcasing a strong potential for asset expansion.

Financial Performance

Frasers Centrepoint Trust's portfolio outperforms peers with tenant sales 15-20% above pre-COVID levels, unaffected by the return-to-office trend.

Market Position

The acquisition of NEX mall places Frasers Centrepoint Trust as the 'King of suburban retail malls' with a dominant position in the market.

Negative Factors

Consumer Spending

Downside risks include a potential slowdown in consumer spending, which could affect tenant sentiment and leasing, impacting the ability to achieve positive rental reversions.

Funding Costs

There is a higher than expected increase in funding cost, which could impact financial performance.

Frasers Centrepoint Business Overview & Revenue Model

Company Description

Frasers Centrepoint Limited (J69U) is a leading Singapore-based multi-national real estate company with a diverse portfolio spanning residential, commercial, retail, and hospitality sectors. The company is known for its integrated capabilities in property development, asset management, and real estate investment trust (REIT) management. Frasers Centrepoint's core operations include the development and management of residential properties, commercial offices, shopping malls, and a network of hotels and serviced residences.

How the Company Makes Money

Frasers Centrepoint primarily generates revenue through several key streams: property development, investment properties, and hospitality operations. In property development, the company earns by selling residential and commercial properties. The investment property segment provides stable income through leasing and managing retail malls, commercial offices, and business parks. Additionally, Frasers Centrepoint operates a number of REITs, which generate management fees and dividends. The hospitality segment contributes through the operation of hotels and serviced apartments, earning income from room bookings, food and beverage sales, and other guest services. Strategic partnerships and joint ventures also play a significant role in expanding its portfolio and enhancing revenue.

Frasers Centrepoint Financial Statement Overview

Summary

Frasers Centrepoint demonstrates solid financial performance with strong profitability and a healthy balance sheet. While the revenue dip and decreased free cash flow growth pose challenges, operational efficiencies and a stable equity base provide resilience. The company's financial health is sound, but strategic adjustments may be required to address revenue and cash flow growth.

Income Statement

Frasers Centrepoint has shown strong profitability with a gross profit margin of 61.24% and a net profit margin of 56.10% for the latest fiscal year. Revenue has slightly decreased by 4.77% compared to the previous year, indicating a need to address market challenges. The EBIT margin of 60.63% and EBITDA margin of 78.77% further highlight robust operational efficiency. However, the revenue decline suggests potential market pressure or operational adjustments are needed.

Balance Sheet

The company's balance sheet is healthy with a reasonable debt-to-equity ratio of 0.49, suggesting moderate leverage. The return on equity is strong at 4.75%, though showing a slight decline from previous years. The equity ratio stands at 65.25%, indicating solid capitalization and lower risk of insolvency. Despite these strengths, the increase in net debt over the years warrants attention.

Cash Flow

Frasers Centrepoint has a positive free cash flow of $179.90 million, albeit showing a decrease of 23.37% compared to last year, which could affect future investment capabilities. The operating cash flow to net income ratio of 0.91 indicates efficient cash conversion, while the free cash flow to net income ratio is slightly lower at 0.91, highlighting the need for improved cash flow management.

Breakdown	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	352.11M	369.72M	356.93M	341.15M	164.38M
Gross Profit	215.67M	229.10M	225.04M	246.57M	110.89M
EBITDA	262.21M	294.31M	246.24M	220.74M	182.95M
Net Income	197.55M	211.95M	207.28M	168.63M	151.68M
Balance Sheet
Total Assets	6.38B	6.38B	5.94B	5.90B	3.88B
Cash, Cash Equivalents and Short-Term Investments	26.81M	32.21M	38.16M	42.23M	28.58M
Total Debt	2.03B	2.20B	1.81B	1.81B	1.25B
Total Liabilities	2.22B	2.40B	1.98B	1.98B	1.35B
Stockholders Equity	4.16B	3.97B	3.96B	3.92B	2.54B
Cash Flow
Free Cash Flow	174.02M	234.80M	227.68M	192.62M	67.02M
Operating Cash Flow	215.67M	243.13M	233.58M	198.44M	78.13M
Investing Cash Flow	45.19M	-356.93M	16.03M	-470.55M	-163.80M
Financing Cash Flow	-266.25M	107.84M	-253.68M	285.75M	101.15M

Frasers Centrepoint Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.20
• 50DMA: Negative
• 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:J69U, the sentiment is Neutral. The current price of 2.2 is below the 20-day moving average (MA) of 2.21, below the 50-day MA of 2.21, and above the 200-day MA of 2.12, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.41 is Neutral, neither overbought nor oversold. The STOCH value of 43.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:J69U.

Frasers Centrepoint Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
C38U	73 Outperform	$16.17B	16.25	6.32%	7.39%	1.54%	4.48%
AJBU	70 Outperform	$5.14B	14.18	10.81%	4.07%	23.81%	89.13%
U14	69 Neutral	S$5.91B	16.51	3.19%	2.57%	4.22%	-49.39%
TQ5	68 Neutral	$3.73B	14.18	2.80%	4.74%	19.82%	―
J69U	68 Neutral	$4.46B	19.42	5.08%	5.52%	1.49%	5.99%
C09	59 Neutral	$5.79B	29.98	2.21%	1.57%	-33.84%	-36.71%
Sector *	54 Neutral	$1.23B	3.77	0.67%	6.13%	-2.39%	-129.28%

Frasers Centrepoint Corporate Events

Frasers Centrepoint Trust Renews Management Agreement for Northpoint City South Wing

Frasers Centrepoint Trust has announced the automatic renewal of the property management agreement for Northpoint City South Wing for an additional 12 months starting from July 2025. This renewal ensures continuity in management and resource deployment, aligning with the management agreements across all retail malls owned by the trust. The decision leverages the Property Manager’s track record and familiarity with the property, while also benefiting from economies of scale by having the same manager for both Northpoint City South Wing and the adjoining Northpoint City North Wing.

The most recent analyst rating on (SG:J69U) stock is a Buy with a S$2.68 price target. To see the full list of analyst forecasts on Frasers Centrepoint stock, see the SG:J69U Stock Forecast page.

Frasers Centrepoint Trust Prices S$200 Million in Perpetual Securities

Frasers Centrepoint Trust, managed by Frasers Centrepoint Asset Management Ltd., has announced the pricing of S$200 million in subordinated perpetual securities under its S$3 billion Multicurrency Debt Issuance Programme. Oversea-Chinese Banking Corporation Limited is the sole lead manager for this issuance, which will be issued in denominations of S$250,000 each. This move is part of FCT’s strategy to leverage its debt issuance program for financial flexibility and potential growth opportunities.

The most recent analyst rating on (SG:J69U) stock is a Buy with a S$2.55 price target. To see the full list of analyst forecasts on Frasers Centrepoint stock, see the SG:J69U Stock Forecast page.

Frasers Centrepoint Trust’s Strategic Acquisition Discussions at EGM

Frasers Centrepoint Trust held an Extraordinary General Meeting on 23 May 2025, attended by unitholders, directors, executive officers, and representatives from various advisory firms. The meeting was significant for stakeholders as it involved discussions on an acquisition, indicating potential strategic growth and operational expansion for the trust.

The most recent analyst rating on (SG:J69U) stock is a Buy with a S$2.68 price target. To see the full list of analyst forecasts on Frasers Centrepoint stock, see the SG:J69U Stock Forecast page.

Frasers Centrepoint Trust Issues Units for Acquisition Fee Payment

Frasers Centrepoint Trust has issued 5,421,052 units as payment for an acquisition fee related to its purchase of North Gem Trust and its Trustee-Manager, totaling approximately S$11.3 million. This transaction, classified as an ‘interested party transaction,’ stipulates that these units cannot be sold within a year, impacting the trust’s unit distribution and potentially influencing investor perceptions.

The most recent analyst rating on (SG:J69U) stock is a Buy with a S$2.68 price target. To see the full list of analyst forecasts on Frasers Centrepoint stock, see the SG:J69U Stock Forecast page.

Frasers Centrepoint Trust Secures S$480 Million Loan Facility

Frasers Centrepoint Trust has entered into a significant S$480 million loan facility agreement with HSBC Institutional Trust Services and other financial institutions. The agreement includes conditions related to the management and shareholding structure of the company, with mandatory prepayment required if certain changes occur. This move underscores the company’s strategic financial management and its implications for maintaining control and stability in its operations.

The most recent analyst rating on (SG:J69U) stock is a Buy with a S$2.68 price target. To see the full list of analyst forecasts on Frasers Centrepoint stock, see the SG:J69U Stock Forecast page.

Frasers Centrepoint Trust Issues Units for Management Fee

Frasers Centrepoint Asset Management Ltd. announced the receipt of 686,457 units in Frasers Centrepoint Trust as part of the management fee for the first quarter of 2025. This payment in units reflects the company’s strategy to align management interests with those of the trust’s stakeholders, potentially impacting its market positioning by increasing its unit holdings to 104,530,210 out of a total of 2,022,389,350 units issued.

Frasers Centrepoint Trust Allocates S$421.3 Million from Equity Fund Raising

Frasers Centrepoint Trust announced the utilization of approximately S$421.3 million raised through an equity fund raising initiative. The funds are earmarked for repaying existing debts and covering professional fees, with a portion allocated for future acquisitions, reflecting the company’s strategic financial management and growth ambitions.