PropNex Ltd. (SG:OYY)
SGX:OYY
Top Page
PropNex Ltd.
(SGX:OYY)
Select Model
Select Model
Rating:68Neutral
Price Target:
S$2.00
▲(14.29% Upside)
Action:DowngradedDate:03/05/26
The score is primarily supported by strong financial performance (low leverage and strong free cash flow alongside a 2025 earnings recovery). This is partially offset by clearly bearish technical conditions (price below key moving averages with negative MACD). Valuation is mixed: a high dividend yield helps, but the P/E is only moderate.
Positive Factors
Conservative balance sheet
Very low leverage (debt-to-equity ~0.06) gives PropNex durable financial flexibility to support its agent network, fund discretionary payouts, or tolerate cyclical revenue dips. Low debt reduces refinancing risk and preserves capacity for strategic spending over months.
Negative Factors
Margins stagnant vs prior peaks
Margins remaining below earlier peaks suggest limited operating leverage in the business model and potential structural pressure on pricing or cost bases. That constrains long-term EPS upside even if revenues recover, limiting sustainable margin expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage (debt-to-equity ~0.06) gives PropNex durable financial flexibility to support its agent network, fund discretionary payouts, or tolerate cyclical revenue dips. Low debt reduces refinancing risk and preserves capacity for strategic spending over months.
Read all positive factors
PropNex Ltd. (OYY) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.29B
Dividend Yield5.59%
Average Volume (3M)1.35M
Price to Earnings (P/E)19.8
Beta (1Y)0.83
Revenue Growth26.47%
EPS Growth43.31%
CountrySG
Employees165
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.04
Shares Outstanding740,000,000
10 Day Avg. Volume1,708,960
30 Day Avg. Volume1,352,966
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)11.98
Price to Sales (P/S)1.25
P/FCF Ratio14.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$2.18Price Target Upside24.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.1
Revenue Forecast (FY)S$1.12B
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 ...
How the Company Makes Money
PropNex generates revenue primarily through commission fees earned from property transactions, including sales and rentals. The company's agents receive a percentage of the commission from each transaction, which is a significant part of the reven...
PropNex Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.12B | 782.95M | 838.10M | 1.03B | 957.49M |
| Gross Profit | 90.33M | 70.98M | 59.77M | 104.68M | 101.79M |
| EBITDA | 76.47M | 52.78M | 63.01M | 82.73M | 82.30M |
| Net Income | 70.38M | 40.92M | 47.81M | 62.36M | 60.03M |
Balance Sheet | |||||
| Total Assets | 333.43M | 285.70M | 343.06M | 375.35M | 294.57M |
| Cash, Cash Equivalents and Short-Term Investments | 163.98M | 142.84M | 138.35M | 144.13M | 145.65M |
| Total Debt | 7.46M | 2.83M | 2.97M | 5.01M | 2.91M |
| Total Liabilities | 214.74M | 160.95M | 216.84M | 248.86M | 181.99M |
| Stockholders Equity | 116.09M | 123.41M | 125.15M | 125.55M | 109.43M |
Cash Flow | |||||
| Free Cash Flow | 94.41M | 37.74M | 61.41M | 51.04M | 82.54M |
| Operating Cash Flow | 94.82M | 38.04M | 62.14M | 51.41M | 83.08M |
| Investing Cash Flow | 25.30M | -14.26M | -15.52M | -4.37M | -565.10K |
| Financing Cash Flow | -82.88M | -45.29M | -52.09M | -53.80M | -42.67M |
PropNex Ltd. Technical Analysis
Neutral
1.75
Price Trends
1.95
Negative
1.99
Negative
1.96
Negative
Market Momentum
-0.07
Negative
47.19
Neutral
80.19
Negative
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 1.75 is above the 20-day moving average (MA) of 1.69, below the 50-day MA of 1.95, and below the 200-day MA of 1.96, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 47.19 is Neutral, neither overbought nor oversold. The STOCH value of 80.19 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:OYY.
PropNex Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | S$1.29B | 19.77 | 58.39% | 5.59% | 26.47% | 43.31% | |
68 Neutral | S$728.56M | 18.56 | 1.11% | 1.20% | 1.94% | -69.89% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $641.98M | ― | 19.81% | 7.22% | 36.48% | ― | |
47 Neutral | S$782.57M | -3.23 | -4.89% | 1.69% | -1.32% | -211.26% | |
41 Neutral | S$356.33M | 53.23 | -0.79% | ― | 8.71% | 93.81% |
* Real Estate Sector Average
SG:OYY
PropNex Ltd.
1.75
0.82
88.17%
SG:LJ3
OUE Ltd.
1.13
0.25
28.12%
SG:H30
Hong Fok Corporation Limited
0.88
0.22
33.33%
SG:5UX
Oxley Holdings Ltd.
0.08
0.02
23.88%
SG:CLN
APAC Realty Ltd.
0.58
0.29
100.00%
SG:DCRU
Digital Core REIT
0.50
0.07
15.38%
PropNex Ltd. Corporate Events
PropNex Unit Sued Over Alleged Negligent Misrepresentation in Property Deal
Feb 2, 2026
PropNex Limited has disclosed that its wholly owned subsidiary, PropNex Realty Pte. Ltd., has been named as one of three co-defendants in a High Court lawsuit in Singapore, where claimants are seeking S$367,405 in damages over an alleged breach of...
PropNex Says Lawsuit Against Subsidiary Withdrawn With No Financial Impact
Jan 2, 2026
PropNex Limited has announced that a legal suit previously filed against its wholly-owned subsidiary, PropNex Realty Pte. Ltd., as a co-defendant has been discontinued and withdrawn by the claimant. The company stated that this development will ha...
PropNex Ltd. Announces Board Restructuring
Dec 8, 2025
PropNex Ltd. announced changes to its Board and Board Committees effective January 4, 2026. Mr. Low Wee Siong resigned as an Independent Non-Executive Director, relinquishing his roles in various committees, while Ms. Pebble Sia Huei-Chieh was app...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.