Tuan Sing Holdings Limited (T24) AI Stock Analysis

• Market Cap: €323.52M
• Dividend Yield: 2.69%
• Average Volume (3M): 403.22K
• Price to Earnings (P/E): 134.2
• Beta (1Y): 1.02
• Revenue Growth: -36.61%
• EPS Growth: -52.50%
• Country: SG
• Employees: 777
• Sector: Real Estate
• Sector Strength: 67
• Industry: Real Estate - Diversified
• EPS (TTM): <0.01
• Shares Outstanding: 1,257,084,200
• 10 Day Avg. Volume: 601,310
• 30 Day Avg. Volume: 403,220
• PEG Ratio: -0.85
• Price to Book (P/B): 0.30
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.58
• 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

• Rating: 54 Neutral
• Price Target: S$0.00 ▼(-100.00%Downside)

The overall stock score of 54 reflects significant challenges in financial performance, characterized by declining revenues and margins, and a high P/E ratio suggesting overvaluation. Technical indicators point to weak momentum, further weighing down the score. The dividend yield offers a slight positive aspect, but it is overshadowed by the company's other financial and market challenges.

Tuan Sing Holdings Limited Business Overview & Revenue Model

Company Description

Tuan Sing Holdings Limited (T24) is a diversified investment holding company listed on the Singapore Exchange. With a focus on property and hospitality, the company engages in property development, property investment, and hotel ownership. Tuan Sing Holdings operates mainly in Singapore, China, and Australia, leveraging its expertise in creating value through strategic acquisitions and developments in real estate and hospitality sectors.

How the Company Makes Money

Tuan Sing Holdings Limited generates revenue primarily through its property development and investment activities. The company develops residential, commercial, and industrial properties, selling completed developments and earning rental income from its investment properties. Additionally, Tuan Sing owns and manages a portfolio of hotels, contributing to its revenue through room rentals, food and beverage services, and other hospitality offerings. Strategic partnerships and joint ventures in prime locations further bolster its revenue streams. The company's financial performance is also influenced by factors such as property market conditions, occupancy rates, and the economic environment in its operating regions.

Tuan Sing Holdings Limited Financial Statement Overview

Summary

Tuan Sing Holdings Limited shows a challenging financial landscape with declining revenues and margins, coupled with increased leverage. While the company maintains a stable equity structure, profitability and cash flow generation are areas of concern, needing strategic focus to enhance operational efficiency and financial stability.

Income Statement

The company has experienced a decline in total revenue from 2023 to 2024, resulting in a negative revenue growth rate of -36.60%. Gross profit margin improved slightly to 39.60% in 2024, indicating good cost management. However, the net profit margin decreased to 1.22%, suggesting challenges in maintaining profitability. EBIT and EBITDA margins also decreased, indicating pressure on operational efficiency.

Balance Sheet

The debt-to-equity ratio increased slightly to 1.09, reflecting moderate leverage. Return on equity stands at 0.19%, indicating low profitability relative to shareholders' equity. The equity ratio is stable at 45.15%, suggesting a balanced capital structure with a good proportion of equity financing.

Cash Flow

Free cash flow turned negative in 2024, reflecting a significant decline in free cash flow growth rate. Operating cash flow remains positive, but the free cash flow to net income ratio is negative due to high capital expenditures. The operating cash flow to net income ratio of 33.84 indicates that the company can cover its net income with operating cash flow, though at a reduced level compared to prior years.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
192.52M	303.72M	225.30M	245.34M	196.82M
	Gross Profit
76.23M	89.97M	86.86M	56.80M	48.58M
	EBIT
17.05M	27.33M	53.98M	120.28M	102.78M
	EBITDA
41.65M	71.77M	28.28M	109.22M	91.33M
	Net Income Common Stockholders
2.34M	4.84M	4.59M	83.66M	59.01M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
164.62M	211.53M	243.12M	376.60M	245.19M
	Total Assets
2.70B	2.62B	2.66B	2.76B	3.14B
	Total Debt
1.32B	1.23B	1.28B	1.35B	1.47B
	Net Debt
1.17B	1.02B	1.04B	976.25M	1.22B
	Total Liabilities
1.48B	1.39B	1.43B	1.50B	1.97B
	Stockholders Equity
1.22B	1.23B	1.22B	1.25B	1.16B
Cash Flow		Free Cash Flow
-45.63M	136.43M	43.04M	73.05M	63.57M
	Operating Cash Flow
79.31M	143.41M	54.91M	79.59M	69.13M
	Investing Cash Flow
-180.06M	-53.30M	-78.24M	485.69M	67.05M
	Financing Cash Flow
28.16M	-122.55M	-111.93M	-366.55M	-30.19M

Tuan Sing Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.26
• 50DMA: Positive
• 100DMA: Negative
• 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:T24, the sentiment is Positive. The current price of 0.26 is above the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.24, and above the 200-day MA of 0.25, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.25 is Neutral, neither overbought nor oversold. The STOCH value of 61.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:T24.

Tuan Sing Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BTE	71 Outperform	S$280.74M	20.39	3.72%	3.84%	0.62%	22.60%
O10	67 Neutral	€493.99M	8.37	4.28%	0.99%	4.49%	-10.72%
5IC	64 Neutral	S$138.34M	14.14	3.08%	2.90%	102.45%	22.61%
Sector *	61 Neutral	$2.85B	10.72	0.40%	6.07%	5.80%	-21.26%
LJ3	57 Neutral	€692.54M	―	-8.35%	2.16%	3.76%	-480.94%
T24	54 Neutral	€323.52M	134.21	0.20%	2.69%	-36.61%	-52.50%
5UX	51 Neutral	€399.27M	―	-10.73%	―	-34.68%	-10.10%

Tuan Sing Holdings Limited Corporate Events

Tuan Sing Holdings Limited Conducts 55th Annual General Meeting

Tuan Sing Holdings Limited held its 55th Annual General Meeting on April 25, 2025, in Singapore. The meeting, chaired by Non-Executive Chairman and Independent Director Mr. Eu Yee Ming Richard, included the presence of the Board of Directors and key company executives. The AGM was conducted with a quorum present, and the company’s leadership, including Executive Director and CEO Mr. William Nursalim alias William Liem, was introduced to the attendees.