PropNex Ltd. (OYY) AI Stock Analysis

• Market Cap: S$1.68B
• Dividend Yield: 4.49%
• Average Volume (3M): 1.35M
• Price to Earnings (P/E): 26.2
• Beta (1Y): 0.71
• Revenue Growth: 26.47%
• EPS Growth: 43.31%
• Country: SG
• Employees: 165
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.06
• Shares Outstanding: 740,000,000
• 10 Day Avg. Volume: 1,708,960
• 30 Day Avg. Volume: 1,352,966
• PEG Ratio: -1.19
• Price to Book (P/B): 5.67
• Price to Sales (P/S): 0.89
• P/FCF Ratio: 18.53
• 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$1.92
• Price Target Upside: -16.88% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 74 Outperform
• Price Target: S$2.50 ▲(8.23% Upside)

PropNex Ltd. achieves a strong overall stock score driven by its robust financial performance and positive technical indicators. While the valuation is on the higher side, the company's financial health and market momentum support its growth prospects.

Positive Factors

Revenue Growth

Consistent revenue growth indicates robust business expansion and effective market penetration, supporting long-term financial stability.

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, enabling strategic investments and sustaining operations without excessive debt.

Low Leverage

Minimal leverage reduces financial risk and interest obligations, allowing more resources to be allocated towards growth initiatives.

Negative Factors

Profit Margin Pressure

Relatively modest profit margins may limit profitability growth, requiring efficient cost management to maintain competitive edge.

Dividend Yield

While the dividend yield is attractive, it may constrain cash available for reinvestment in growth opportunities, impacting long-term expansion.

Valuation Concerns

High valuation may limit upside potential and increase investor expectations, pressuring the company to deliver consistent performance.

PropNex Ltd. Business Overview & Revenue Model

Company Description

PropNex Limited provides real estate services in Singapore and internationally. It operates through, Agency Services, Project Marketing Services, Administrative Support Services, and Training Services segments. The Agency Services segment engages in the sale and lease of public and private residential and commercial/industrial properties, including housing and development board flats and executive condominiums, private condominiums, landed properties, retail shops, offices, and factories. The Project Marketing Services is involved in the sale of new private residential development projects for third-party property developers. The Administrative Support Services provides space and other ancillary services. The Training Services segment offers real estate related courses and training programs to salespersons. The company was incorporated in 1996 and is headquartered in Singapore. PropNex Limited is a subsidiary of Uob Kay Hian Pte Ltd.

How the Company Makes Money

PropNex generates revenue primarily through commissions earned on property transactions, which include residential and commercial sales as well as rental agreements. The company takes a percentage of the sales price or rental income as its fee, which constitutes a significant portion of its earnings. Additionally, PropNex offers training and support services to its agents, charging fees for these programs. The firm may also engage in partnerships with financial institutions and property developers, which can provide additional revenue streams through referral fees and collaborative marketing efforts. The company’s investment in technology platforms and digital marketing also helps in generating leads, thereby enhancing its overall revenue potential.

PropNex Ltd. Financial Statement Overview

Summary

PropNex Ltd. exhibits strong financial performance with robust revenue growth, healthy profit margins, low leverage, and impressive cash flow generation. The company is well-positioned for continued growth and financial stability.

Income Statement

PropNex Ltd. has demonstrated strong revenue growth with a 13.93% increase in the TTM period, indicating robust business expansion. The gross profit margin of 10.01% and net profit margin of 6.19% are healthy, reflecting efficient cost management and profitability. The EBIT and EBITDA margins are stable at 6.30% and 6.36%, respectively, showcasing operational efficiency. Despite a slight dip in revenue in previous years, the recent growth trajectory is promising.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.014, indicating minimal leverage and financial risk. A strong return on equity of 51.68% in the TTM period signifies effective use of shareholder funds to generate profits. The equity ratio of 32.21% suggests a solid equity base relative to total assets, enhancing financial stability. Overall, the balance sheet reflects a strong financial position with low leverage and high profitability.

Cash Flow

PropNex Ltd. has shown impressive free cash flow growth of 27.64% in the TTM period, highlighting strong cash generation capabilities. The operating cash flow to net income ratio of 0.26 and free cash flow to net income ratio of 0.99 indicate efficient cash conversion from earnings. The company has consistently maintained positive cash flow metrics, supporting its operational and financial health.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.04B	782.95M	838.10M	1.03B	957.49M	515.63M
Gross Profit	103.71M	70.98M	59.77M	104.68M	101.79M	55.58M
EBITDA	65.95M	52.78M	63.01M	82.73M	82.30M	40.51M
Net Income	64.18M	40.92M	47.81M	62.36M	60.03M	29.09M
Balance Sheet
Total Assets	387.95M	285.70M	343.06M	375.35M	294.57M	192.71M
Cash, Cash Equivalents and Short-Term Investments	156.43M	142.84M	138.35M	144.13M	145.65M	105.80M
Total Debt	1.78M	2.83M	2.97M	5.01M	2.91M	3.19M
Total Liabilities	259.81M	160.95M	216.84M	248.86M	181.99M	105.12M
Stockholders Equity	124.97M	123.41M	125.15M	125.55M	109.43M	84.56M
Cash Flow
Free Cash Flow	66.58M	37.74M	61.41M	51.04M	82.54M	41.46M
Operating Cash Flow	67.05M	38.04M	62.14M	51.41M	83.08M	41.95M
Investing Cash Flow	14.22M	-14.26M	-15.52M	-4.37M	-565.10K	231.36K
Financing Cash Flow	-60.92M	-45.29M	-52.09M	-53.80M	-42.67M	-17.99M

PropNex Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.31
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:OYY, the sentiment is Neutral. The current price of 2.31 is below the 20-day moving average (MA) of 2.39, below the 50-day MA of 2.34, and above the 200-day MA of 1.41, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 46.78 is Neutral, neither overbought nor oversold. The STOCH value of 19.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:OYY.

PropNex Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OYY	―	S$1.68B	26.18	52.77%	4.49%	26.47%	43.31%
DCRU	―	$619.40M	3.16	20.33%	6.87%	36.48%	―
H30	―	S$625.07M	18.97	1.11%	1.29%	1.94%	-69.89%
Sector *	―	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
LJ3	―	€865.67M	-6.11	-4.81%	1.60%	-1.32%	-211.26%
5UX	―	€442.20M	―	-0.76%	―	8.71%	93.81%

PropNex Ltd. Corporate Events

PropNex Ltd. Announces Board and Committee Changes

PropNex Ltd. announced changes to its Board of Directors and Board Committees, effective November 1, 2025. Ms. Pebble Sia Huei-Chieh has been appointed as an Independent Non-Executive Director and will join the Audit, Remuneration, and Nominating Committees. This appointment is expected to enhance the company’s governance structure and bring additional expertise to its board, potentially impacting its strategic direction and stakeholder relations.

The most recent analyst rating on (SG:OYY) stock is a Buy with a S$2.50 price target. To see the full list of analyst forecasts on PropNex Ltd. stock, see the SG:OYY Stock Forecast page.

PropNex Realty Lawsuit Withdrawn, No Financial Impact Expected

PropNex Ltd. has announced that a lawsuit filed against its subsidiary, PropNex Realty Pte. Ltd., has been discontinued and withdrawn by the claimants. This development is not expected to have any material impact on the financial position and performance of the company for the financial year ending December 31, 2025.

The most recent analyst rating on (SG:OYY) stock is a Buy with a S$2.50 price target. To see the full list of analyst forecasts on PropNex Ltd. stock, see the SG:OYY Stock Forecast page.