ValueMax Group Ltd. (T6I) AI Stock Analysis

• Market Cap: S$935.77M
• Dividend Yield: 3.92%
• Average Volume (3M): 546.69K
• Price to Earnings (P/E): 9.2
• Beta (1Y): 0.55
• Revenue Growth: 20.97%
• EPS Growth: 37.69%
• Country: SG
• Employees: N/A
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Luxury Goods
• EPS (TTM): 0.05
• Shares Outstanding: 940,568,540
• 10 Day Avg. Volume: 402,390
• 30 Day Avg. Volume: 546,690
• PEG Ratio: 0.11
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 0.82
• P/FCF Ratio: -5.54
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: S$1.00 ▲(6.38% Upside)

ValueMax Group Ltd. scores well due to its strong financial performance and attractive valuation. The company's robust revenue growth and profitability are significant strengths. However, high leverage and negative cash flows are risks that need addressing. Technical analysis shows a balanced outlook, with no strong momentum in either direction.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for ValueMax's offerings, enhancing its market position and supporting long-term expansion.

Profitability

High profitability margins reflect efficient operations and pricing power, contributing to sustainable financial health and competitive advantage.

Digital Securities Expansion

Expanding digital securities offerings can drive financial flexibility and attract institutional investors, supporting strategic growth initiatives.

Negative Factors

High Leverage

High leverage can increase financial risk, limiting flexibility and potentially impacting the company's ability to invest in growth opportunities.

Negative Cash Flows

Negative cash flows suggest liquidity challenges, which could constrain operations and strategic investments if not addressed.

Warrant Dilution Risk

Ongoing warrant exercises could dilute existing shareholders, impacting share value and potentially altering investor perceptions.

ValueMax Group Ltd. Business Overview & Revenue Model

Company Description

ValueMax Group Limited, an investment holding company, engages in the pawnbroking, moneylending, jewelry and watches retailing, and gold trading businesses primarily in Singapore. It offers pawn broking services through pledging jewelry in yellow or white gold, diamond jewelry, and branded timepieces, as well as gold, platinum, or silver bars and coins. The company also provides secured and unsecured term loans for businessmen and corporates; and hire purchase and floor stock financing services for automotive industry. In addition, it sells new and pre-owned jewelry, such as gold and diamond jewelry, gold bars and coins, branded watches, and Hermès bags in its outlets; purchases scrap gold from other pawnbrokers and jewelry traders; and sells fine gold bars to jewelry factories, wholesalers, and retailers. The company operates pawn and retail outlets in Singapore and Malaysia. Further, it is involved in the provision of management and IT, and business management and consultancy services, as well as in the property holding activities. The company was founded in 1988 and is based in Singapore. ValueMax Group Limited is a subsidiary of Yeah Holdings Pte. Ltd.

How the Company Makes Money

ValueMax Group Ltd. generates revenue through multiple streams, primarily from its retail operations and financial services. The retail segment earns income from the sale of pre-owned items, including electronics, jewelry, and other goods, which are sourced through customer consignments and purchases. The financial services division contributes significantly to the company's earnings by offering secured loans and pawn services, where customers can obtain cash by pledging personal items as collateral. Additionally, the company may engage in partnerships with financial institutions to expand its service offerings, enhance customer acquisition, and drive revenue growth. The combination of retail sales and financial services allows ValueMax to create a robust revenue model that capitalizes on consumer demand for both products and financial solutions.

ValueMax Group Ltd. Financial Statement Overview

Summary

ValueMax Group Ltd. demonstrates strong revenue growth and profitability, supported by efficient operations and a solid return on equity. However, high leverage and negative cash flows present potential risks. The company should focus on improving cash flow management and reducing debt levels to enhance financial stability.

Income Statement

ValueMax Group Ltd. shows strong revenue growth with a TTM increase of 4.06%, and consistent improvement in gross and net profit margins over the years. The TTM gross profit margin stands at 29.79% and net profit margin at 19.29%, indicating robust profitability. EBIT and EBITDA margins are also healthy, reflecting efficient operations. The company has demonstrated a positive revenue trajectory, which is a strong indicator of its market position and operational efficiency.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.38 TTM, indicating significant leverage, which could pose risks if not managed properly. However, the return on equity is strong at 17.84% TTM, suggesting effective use of equity to generate profits. The equity ratio is moderate, reflecting a balanced approach to asset financing. While the company is leveraging debt for growth, the high leverage could be a potential risk if market conditions change.

Cash Flow

The cash flow statement indicates challenges, with negative operating and free cash flows in the TTM period. The free cash flow to net income ratio is positive at 1.29, suggesting that despite negative cash flows, the company is generating sufficient net income. However, the negative operating cash flow to net income ratio highlights potential liquidity issues. The company needs to improve its cash flow management to ensure long-term sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	494.76M	456.18M	331.04M	287.06M	275.51M	276.11M
Gross Profit	147.41M	129.81M	100.22M	76.79M	70.03M	55.70M
EBITDA	106.26M	107.72M	65.89M	59.27M	54.84M	44.96M
Net Income	95.43M	82.83M	52.85M	44.42M	41.51M	33.87M
Balance Sheet
Total Assets	1.37B	1.25B	1.08B	1.01B	799.12M	591.10M
Cash, Cash Equivalents and Short-Term Investments	46.53M	16.80M	16.03M	10.99M	14.60M	11.82M
Total Debt	767.56M	698.34M	624.66M	618.93M	453.60M	319.41M
Total Liabilities	803.03M	729.31M	647.67M	641.37M	471.72M	336.11M
Stockholders Equity	557.61M	512.06M	423.44M	363.89M	322.32M	249.74M
Cash Flow
Free Cash Flow	-63.86M	-67.27M	-1.69M	-163.83M	-156.09M	12.65M
Operating Cash Flow	-49.35M	-55.86M	3.53M	-163.36M	-153.73M	13.22M
Investing Cash Flow	-19.05M	-11.28M	-5.07M	246.00K	-2.62M	-2.09M
Financing Cash Flow	91.55M	64.42M	5.99M	155.63M	159.77M	-5.10M

ValueMax Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.94
• 50DMA: Positive
• 100DMA: Positive
• 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:T6I, the sentiment is Positive. The current price of 0.94 is below the 20-day moving average (MA) of 0.98, below the 50-day MA of 0.96, and above the 200-day MA of 0.77, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.27 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:T6I.

ValueMax Group Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AGS	75 Outperform	S$1.50B	9.66	16.22%	2.60%	11.37%	7.17%
5UF	73 Outperform	S$417.64M	8.61	22.53%	5.76%	42.42%	53.37%
T6I	72 Outperform	S$935.77M	9.17	18.70%	3.92%	20.97%	37.69%
42L	66 Neutral	S$72.72M	5.94	9.26%	1.99%	21.59%	21.74%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

ValueMax Group Ltd. Corporate Events

ValueMax Expands Share Capital After Warrant Exercise

ValueMax Group Limited has increased its issued ordinary share capital from 940,103,259 to 940,468,539 shares following the allotment and issuance of 365,280 new shares arising from the exercise of an equal number of warrants at an exercise price of S$0.36 per share on 6 January 2026. The newly issued shares, which will rank pari passu with existing shares, are scheduled to be listed and quoted on the Singapore Exchange on 8 January 2026, while 7,336,770 warrants remain outstanding at the same exercise price and are set to expire on 14 September 2026, reflecting ongoing potential for further equity dilution and additional capital inflows for the company.

The most recent analyst rating on (SG:T6I) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on ValueMax Group Ltd. stock, see the SG:T6I Stock Forecast page.

ValueMax Raises S$26.64 Million in Strongly Subscribed Digital Commercial Paper Issue

ValueMax Group Limited has successfully closed its 3‑month Series 017 digital securities commercial paper issuance, launched on 16 December 2025, raising S$26.64 million following strong investor demand. The digital securities from this tranche will be listed on the ADDX digital platform on 31 December 2025, underscoring the group’s continued use of digital capital-market channels to diversify funding and support its lending activities; insiders including an independent director, a key executive and a controlling shareholder collectively subscribed to about 13.5% of the issue, signalling management confidence and aligning interests with external investors, while the company indicated it will provide further updates on developments under its broader commercial paper facility.

The most recent analyst rating on (SG:T6I) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on ValueMax Group Ltd. stock, see the SG:T6I Stock Forecast page.

ValueMax Raises S$46.76 Million in Latest SDAX Digital Commercial Paper

ValueMax Group Limited has successfully closed its three-month Series 011 digital securities commercial paper issuance on the SDAX platform, raising gross proceeds of S$46.76 million after strong investor demand. The issuance, which closes out on 30 December 2025 when the digital securities are delivered to subscribers, included a S$0.8 million subscription from executive director Ms Yeah Lee Ching, underscoring insider confidence as the group continues to tap the SDAX commercial paper facility for short-term funding and to diversify its capital sources.

The most recent analyst rating on (SG:T6I) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on ValueMax Group Ltd. stock, see the SG:T6I Stock Forecast page.

ValueMax Issues New Shares Following Warrant Exercise

ValueMax Group Limited has expanded its share capital through the allotment and issuance of 40,000 new ordinary shares following the exercise of an equivalent number of warrants at an exercise price of S$0.36 per share on 19 December 2025, increasing its issued share base from 940,063,259 to 940,103,259 shares, excluding treasury shares. The new shares, which are fully fungible with existing stock, will commence trading on the Singapore Exchange on 23 December 2025, while 7,702,050 warrants remain outstanding until their expiry in September 2026, a development that modestly increases the company’s equity base and leaves further potential for future dilution should remaining warrants be exercised.

The most recent analyst rating on (SG:T6I) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on ValueMax Group Ltd. stock, see the SG:T6I Stock Forecast page.

ValueMax Faces Louis Vuitton Trademark Suit, Expects No Material Business Impact

ValueMax Group has disclosed that its wholly owned subsidiary, ValueMax Retail Pte Ltd, is being sued in the Singapore High Court by Louis Vuitton Malletier for alleged trademark infringement and passing off, relating to a gold charm and a pair of gold earrings said to have been sold or offered for sale at one of its stores. The company maintains that the items in question were unredeemed pawned goods obtained through separate sources, says it will vigorously defend the claims at every legal stage, regrets that the dispute could not be resolved amicably, and asserts that, based on current facts, the case is not expected to have a material impact on the group’s business or its financial statements for the year ending 31 December 2025, while committing to provide further updates on any material developments.

The most recent analyst rating on (SG:T6I) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on ValueMax Group Ltd. stock, see the SG:T6I Stock Forecast page.

ValueMax Group Ltd. Increases Share Capital Through Warrant Exercise

ValueMax Group Ltd. has announced an increase in its issued ordinary shares from 940,023,259 to 940,063,259 through the allotment and issuance of 40,000 new shares following the exercise of warrants priced at S$0.36 each. These new shares will be listed on the Singapore Exchange on December 15, 2025, and there remain 7,742,050 outstanding warrants set to expire on September 14, 2026.

The most recent analyst rating on (SG:T6I) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on ValueMax Group Ltd. stock, see the SG:T6I Stock Forecast page.

ValueMax Launches New Series of Commercial Paper on SDAX

ValueMax Group Ltd. has launched the eleventh series of its 3-month commercial paper on the SDAX platform, priced at 3.5% per annum. The company aims to raise between S$10 million and S$60 million from accredited and institutional investors, with the final amount to be determined by investor demand.

The most recent analyst rating on (SG:T6I) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on ValueMax Group Ltd. stock, see the SG:T6I Stock Forecast page.

ValueMax Group Expands Share Capital Through Warrant Exercise

ValueMax Group Ltd. has increased its issued ordinary shares from 940,003,259 to 940,023,259 following the allotment and issuance of 20,000 new shares due to the exercise of warrants at a price of S$0.36 each. These shares will be listed on the Singapore Exchange on December 8, 2025, and there remain 7,782,050 outstanding warrants with the same exercise price, expiring on September 14, 2026.

The most recent analyst rating on (SG:T6I) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on ValueMax Group Ltd. stock, see the SG:T6I Stock Forecast page.

ValueMax Group Ltd. Increases Share Issuance Following Warrant Exercise

ValueMax Group Ltd. has announced an increase in its issued ordinary shares from 940,002,699 to 940,003,259 due to the exercise of 560 warrants at an exercise price of S$0.36 each. These new shares will be listed on the Singapore Exchange on December 1, 2025, and there are still 7,802,050 outstanding warrants available for exercise, expiring on September 14, 2026.

The most recent analyst rating on (SG:T6I) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on ValueMax Group Ltd. stock, see the SG:T6I Stock Forecast page.

ValueMax Expands Share Capital Through Warrant Exercise

ValueMax Group Ltd. has increased its issued ordinary shares from 939,702,699 to 940,002,699 through the allotment and issuance of 300,000 new shares following the exercise of warrants at S$0.36 each. These new shares will be listed on the Singapore Exchange on November 13, 2025, and there remain 7,802,610 outstanding warrants with the same exercise price, set to expire on September 14, 2026.

The most recent analyst rating on (SG:T6I) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on ValueMax Group Ltd. stock, see the SG:T6I Stock Forecast page.

ValueMax Group Raises S$14.4 Million in Digital Securities Issuance

ValueMax Group Ltd. has successfully closed its 6-month Series 010 digital securities issuance, raising S$14.4 million. The issuance received strong investor demand and will be listed on the ADDX digital platform, indicating a positive reception and potential growth in the company’s digital securities offerings.

The most recent analyst rating on (SG:T6I) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on ValueMax Group Ltd. stock, see the SG:T6I Stock Forecast page.

ValueMax Group Raises S$21.63 Million in Successful Digital Securities Issuance

ValueMax Group Ltd. has successfully closed its 6-month Series 004 digital securities commercial paper issuance on the SDAX platform, raising S$21.63 million. This issuance, which received strong investor demand, is part of the company’s ongoing SDAX CP Facility Programme and reflects a significant step in its financial operations, potentially enhancing its market position and offering new opportunities for stakeholders.

The most recent analyst rating on (SG:T6I) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on ValueMax Group Ltd. stock, see the SG:T6I Stock Forecast page.

ValueMax Launches New Digital Securities on ADDX

ValueMax Group Ltd. has launched its tenth series of 6-month digital securities commercial paper on the ADDX Exchange, priced at 3.55% per annum. The issuance aims to raise between S$5 million and S$25 million, targeting accredited and institutional investors, which could enhance the company’s market presence and financial flexibility.

The most recent analyst rating on (SG:T6I) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on ValueMax Group Ltd. stock, see the SG:T6I Stock Forecast page.

ValueMax Expands Share Capital Through Warrant Exercise

ValueMax Group Ltd. has increased its issued ordinary shares to 936,701,699 following the allotment and issuance of 2,748,400 new shares due to the exercise of warrants at S$0.36 each. These shares will be listed on the Singapore Exchange on October 22, 2025, with 8,103,610 warrants still outstanding, expiring on September 14, 2026.

The most recent analyst rating on (SG:T6I) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on ValueMax Group Ltd. stock, see the SG:T6I Stock Forecast page.