ValueMax Group Ltd. (SG:T6I)
SGX:T6I
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ValueMax Group Ltd.
(SGX:T6I)
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Rating:62Neutral
Price Target:
S$1.00
â–²(6.38% Upside)
Action:ReiteratedDate:02/28/26
The score is held back primarily by weak cash-flow conversion and elevated leverage despite strong reported profitability. Technicals are modestly positive overall, and valuation (P/E ~11.5 with ~3.1% yield) is supportive, resulting in a mid-range overall score.
Positive Factors
High profitability and margins
ValueMax posts durable, high margins across the P&L in 2025, indicating strong unit economics in pawnbroking and secured-lending. Sustained gross and operating margins provide a structural earnings buffer versus peers and support reinvestment or distributions despite cyclical pressures.
Negative Factors
Persistent negative operating cash flow
Reported profits are not converting into cash, with large negative OCF and FCF in 2025. This structural cash shortfall increases dependence on external financing to fund operations, raises refinancing risk, and constrains capital allocation for growth, buybacks or cushions.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability and margins
ValueMax posts durable, high margins across the P&L in 2025, indicating strong unit economics in pawnbroking and secured-lending. Sustained gross and operating margins provide a structural earnings buffer versus peers and support reinvestment or distributions despite cyclical pressures.
Read all positive factors
ValueMax Group Ltd. (T6I) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.09B
Dividend Yield3.92%
Average Volume (3M)546.69K
Price to Earnings (P/E)8.9
Beta (1Y)0.67
Revenue Growth20.97%
EPS Growth37.69%
CountrySG
Employees141
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)0.63
Shares Outstanding944,487,600
10 Day Avg. Volume402,390
30 Day Avg. Volume546,690
Financial Highlights & Ratios
PEG Ratio0.71
Price to Book (P/B)1.50
Price to Sales (P/S)1.64
P/FCF Ratio-5.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.13
Revenue Forecast (FY)S$686.58M
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 ...
How the Company Makes Money
ValueMax primarily makes money by providing collateral-backed, short-tenor loans and charging fees/interest on those loans. Key revenue streams typically include: (1) Pawnbroking/secured lending income: service fees and/or interest earned on pawn ...
ValueMax Group Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
60
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 494.76M | 553.13M | 456.18M | 331.04M | 287.06M | 275.51M |
| Gross Profit | 147.41M | 167.58M | 129.81M | 100.22M | 76.79M | 70.03M |
| EBITDA | 106.26M | 122.58M | 107.72M | 65.89M | 59.27M | 54.84M |
| Net Income | 95.43M | 102.08M | 82.83M | 52.85M | 44.42M | 41.51M |
Balance Sheet | ||||||
| Total Assets | 1.37B | 1.56B | 1.25B | 1.08B | 1.01B | 799.12M |
| Cash, Cash Equivalents and Short-Term Investments | 46.53M | 22.42M | 16.80M | 16.03M | 10.99M | 14.60M |
| Total Debt | 767.56M | 897.16M | 698.34M | 624.66M | 618.93M | 453.60M |
| Total Liabilities | 803.03M | 948.36M | 729.31M | 647.67M | 641.37M | 471.72M |
| Stockholders Equity | 557.61M | 605.41M | 512.06M | 423.44M | 363.89M | 322.32M |
Cash Flow | ||||||
| Free Cash Flow | -63.86M | -169.28M | -67.27M | -1.69M | -163.83M | -156.09M |
| Operating Cash Flow | -49.35M | -165.46M | -55.86M | 3.53M | -163.36M | -153.73M |
| Investing Cash Flow | -19.05M | -8.54M | -11.28M | -5.07M | 246.00K | -2.62M |
| Financing Cash Flow | 91.55M | 184.02M | 64.42M | 5.99M | 155.63M | 159.77M |
ValueMax Group Ltd. Technical Analysis
Positive
0.94
Price Trends
1.11
Positive
1.04
Positive
0.94
Positive
Market Momentum
>-0.01
Negative
61.37
Neutral
81.30
Negative
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 1.04, below the 50-day MA of 1.11, and above the 200-day MA of 0.94, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 61.37 is Neutral, neither overbought nor oversold. The STOCH value of 81.30 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | S$109.08M | 5.08 | 9.26% | 1.99% | 21.59% | 21.74% | |
75 Outperform | S$1.54B | 4.36 | 15.81% | 2.60% | 11.37% | 7.17% | |
73 Outperform | S$612.55M | 4.27 | 22.53% | 5.76% | 42.42% | 53.37% | |
62 Neutral | S$1.09B | 8.87 | 17.10% | 3.92% | 20.97% | 37.69% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
SG:T6I
ValueMax Group Ltd.
1.15
0.69
150.00%
SG:5UF
Maxi-Cash Financial Services Corp. Ltd.
0.33
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217.31%
SG:42L
Taka Jewellery Holdings Ltd.
0.20
0.11
126.74%
SG:5WJ
MoneyMax Financial Services Ltd.
0.85
0.66
352.13%
SG:AGS
Hour Glass Ltd.
2.39
0.99
70.71%
SG:C41
Cortina Holdings Limited
3.58
1.00
38.76%
ValueMax Group Ltd. Corporate Events
ValueMax Expands Share Capital After Latest Warrant Exercise
Mar 12, 2026
ValueMax Group Limited has expanded its share capital through the issuance of 233,074 new ordinary shares, following the exercise of an equivalent number of warrants at an exercise price of S$0.36 each on 12 March 2026. The total number of issued ...
ValueMax Founders Sell Stake to Institutions to Boost Free Float
Feb 26, 2026
ValueMax Group’s executive chairman, Yeah Hiang Nam, and his spouse have sold 34.8 million shares via a block trade at S$1.16 per share, a 6.5% discount to the last close, to a pool of long-only institutional investors. Despite the sale, the...
ValueMax Subsidiary Settles Louis Vuitton IP Lawsuit Without Financial Hit
Feb 23, 2026
ValueMax Group Limited, a pawnbroking and retail value operator in Singapore, conducts its business through subsidiaries including ValueMax Retail Pte Ltd, which trades in jewellery and luxury goods. The group serves customers looking for asset-ba...
ValueMax Highlights 2025 Financial Results Release of Malaysian Associate Well Chip Group
Feb 21, 2026
ValueMax Group Limited has announced that its Malaysian associated company, Well Chip Group Berhad, has published its financial results for the year ended 31 December 2025. The disclosure of these results on Bursa Securities Malaysia Berhad’...
ValueMax Expands Share Capital Following Warrant Exercise
Feb 16, 2026
ValueMax Group Ltd. has increased its issued share capital to 943,476,139 ordinary shares following the allotment of 1,686,800 new shares arising from the exercise of an equivalent number of warrants at an exercise price of S$0.36 each on 13 Febru...
ValueMax Expands Share Base After Warrant Exercise
Feb 10, 2026
ValueMax Group Limited has expanded its share capital through the allotment and issuance of 584,000 new ordinary shares, following the exercise of an equal number of warrants at an exercise price of S$0.36 each on 10 February 2026. The enlarged sh...
ValueMax Expands Share Capital Following Exercise of Warrants
Jan 29, 2026
ValueMax Group Limited has increased its issued share capital from 940,883,339 to 941,205,339 ordinary shares following the allotment and issuance of 322,000 new ordinary shares arising from the exercise of warrants at an exercise price of S$0.36 ...
ValueMax Issues New Shares Following Warrant Exercise
Jan 22, 2026
ValueMax Group Limited has increased its issued share capital from 940,868,539 to 940,883,339 ordinary shares after the exercise of 14,800 warrants at an exercise price of S$0.36 per share on 22 January 2026. The newly issued shares, which rank pa...
ValueMax Issues 400,000 New Shares Following Warrant Exercise
Jan 13, 2026
ValueMax Group Limited has expanded its issued share capital from 940,468,539 to 940,868,539 ordinary shares following the allotment of 400,000 new shares arising from the exercise of an equivalent number of warrants at an exercise price of S$0.36...
ValueMax Expands Share Capital After Warrant Exercise
Jan 6, 2026
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 ...
ValueMax Raises S$26.64 Million in Strongly Subscribed Digital Commercial Paper Issue
Dec 30, 2025
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 tran...
ValueMax Raises S$46.76 Million in Latest SDAX Digital Commercial Paper
Dec 30, 2025
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 ...
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.