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Mapletree Commercial (SG:N2IU)
SGX:N2IU
Singapore Market
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Mapletree Commercial (N2IU) Ratios

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Mapletree Commercial Ratios

SG:N2IU's free cash flow for Q1 2026 was S$0.68. For the 2026 fiscal year, SG:N2IU's free cash flow was decreased by S$ and operating cash flow was S$0.77. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
0.56 0.16 0.30 0.23 1.11
Quick Ratio
0.56 0.16 0.30 0.25 1.17
Cash Ratio
0.33 0.13 0.22 0.22 1.03
Solvency Ratio
0.09 0.08 0.10 0.16 0.07
Operating Cash Flow Ratio
1.35 0.58 0.61 0.64 1.91
Short-Term Operating Cash Flow Coverage
2.62 0.70 0.80 0.79 5.08
Net Current Asset Value
S$ -6.16BS$ -6.99BS$ -7.05BS$ -3.06BS$ -3.04B
Leverage Ratios
Debt-to-Assets Ratio
0.37 0.40 0.40 0.33 0.34
Debt-to-Equity Ratio
0.63 0.70 0.72 0.52 0.53
Debt-to-Capital Ratio
0.39 0.41 0.42 0.34 0.35
Long-Term Debt-to-Capital Ratio
0.38 0.37 0.39 0.31 0.34
Financial Leverage Ratio
1.68 1.76 1.78 1.55 1.57
Debt Service Coverage Ratio
2.05 0.50 0.66 0.68 2.58
Interest Coverage Ratio
2.95 2.32 3.29 6.45 5.70
Debt to Market Cap
0.85 0.97 0.82 0.48 0.43
Interest Debt Per Share
1.16 1.32 1.51 0.92 0.93
Net Debt to EBITDA
6.37 9.55 10.60 8.26 8.52
Profitability Margins
Gross Profit Margin
68.39%71.47%68.50%68.54%69.62%
EBIT Margin
107.05%86.11%86.70%84.35%27.61%
EBITDA Margin
107.13%70.48%79.78%73.32%71.96%
Operating Profit Margin
73.61%70.87%79.68%73.29%72.90%
Pretax Profit Margin
68.53%62.48%62.48%72.98%14.83%
Net Profit Margin
69.03%59.92%62.16%72.98%14.83%
Continuous Operations Profit Margin
69.40%60.46%62.70%72.98%14.83%
Net Income Per EBT
100.73%95.92%99.50%100.00%100.00%
EBT Per EBIT
93.09%88.15%78.41%99.58%20.34%
Return on Assets (ROA)
3.68%3.47%2.87%3.86%0.77%
Return on Equity (ROE)
6.20%6.11%5.10%5.99%1.20%
Return on Capital Employed (ROCE)
4.04%4.44%3.90%4.14%3.85%
Return on Invested Capital (ROIC)
4.03%4.02%3.74%3.93%3.82%
Return on Tangible Assets
3.68%3.47%1.43%1.93%0.38%
Earnings Yield
8.38%8.41%5.81%5.53%0.98%
Efficiency Ratios
Receivables Turnover
32.43 71.58 47.02 185.38 61.57
Payables Turnover
1.30 14.63 16.74 82.38 110.95
Inventory Turnover
2.04K 2.50K 596.41 -22.34 -12.05
Fixed Asset Turnover
528.26 686.45 353.68 2.94K 1.74K
Asset Turnover
0.05 0.06 0.05 0.05 0.05
Working Capital Turnover Ratio
-2.48 -1.11 -1.38 -2.29 -5.40
Cash Conversion Cycle
-268.29 -19.71 -13.43 -18.80 -27.66
Days of Sales Outstanding
11.26 5.10 7.76 1.97 5.93
Days of Inventory Outstanding
0.18 0.15 0.61 -16.34 -30.30
Days of Payables Outstanding
279.73 24.95 21.80 4.43 3.29
Operating Cycle
11.44 5.25 8.37 -14.37 -24.37
Cash Flow Ratios
Operating Cash Flow Per Share
0.12 0.14 0.13 0.11 0.11
Free Cash Flow Per Share
0.12 0.14 0.13 0.11 0.11
CapEx Per Share
<0.01 <0.01 <0.01 <0.01 <0.01
Free Cash Flow to Operating Cash Flow
1.00 1.00 1.00 1.00 1.00
Dividend Paid and CapEx Coverage Ratio
1.43 1.54 1.07 1.13 2.11
Capital Expenditure Coverage Ratio
551.18 2.28K 1.32K 8.26K 4.18K
Operating Cash Flow Coverage Ratio
0.10 0.11 0.09 0.12 0.12
Operating Cash Flow to Sales Ratio
0.72 0.75 0.78 0.76 0.77
Free Cash Flow Yield
8.78%10.54%7.28%5.79%5.06%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
11.93 11.89 17.22 18.09 102.40
Price-to-Sales (P/S) Ratio
8.24 7.13 10.70 13.20 15.18
Price-to-Book (P/B) Ratio
0.74 0.73 0.88 1.08 1.23
Price-to-Free Cash Flow (P/FCF) Ratio
11.39 9.48 13.74 17.26 19.77
Price-to-Operating Cash Flow Ratio
11.37 9.48 13.73 17.26 19.76
Price-to-Earnings Growth (PEG) Ratio
0.00 1.19 0.00 0.05 -1.16
Price-to-Fair Value
0.74 0.73 0.88 1.08 1.23
Enterprise Value Multiple
14.06 19.66 24.02 26.27 29.62
Enterprise Value
12.72B 13.37B 14.88B 9.16B 9.86B
EV to EBITDA
14.06 19.66 24.02 26.27 29.62
EV to Sales
15.06 13.86 19.16 19.26 21.32
EV to Free Cash Flow
20.83 18.44 24.60 25.19 27.75
EV to Operating Cash Flow
20.79 18.43 24.58 25.18 27.75
Tangible Book Value Per Share
1.79 1.81 2.05 1.74 1.72
Shareholders’ Equity Per Share
1.79 1.80 2.05 1.74 1.72
Tax and Other Ratios
Effective Tax Rate
-0.01 0.03 >-0.01 <0.01 <0.01
Revenue Per Share
0.16 0.18 0.17 0.14 0.14
Net Income Per Share
0.11 0.11 0.10 0.10 0.02
Tax Burden
1.01 0.96 0.99 1.00 1.00
Interest Burden
0.64 0.73 0.72 0.87 0.54
Research & Development to Revenue
0.00 0.00 <0.01 <0.01 <0.01
SG&A to Revenue
<0.01 <0.01 <0.01 <0.01 <0.01
Stock-Based Compensation to Revenue
0.00 0.00 0.00 0.00 0.00
Income Quality
1.04 1.25 1.24 1.05 5.18
Currency in SGD
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