ValueMax Group Ltd. (T6I) AI Stock Analysis

• Market Cap: S$542.36M
• Dividend Yield: 4.62%
• Average Volume (3M): 142.76K
• Price to Earnings (P/E): 5.9
• Beta (1Y): 0.12
• Revenue Growth: 37.80%
• EPS Growth: 38.89%
• Country: SG
• Employees: N/A
• Sector: Consumer Cyclical
• Sector Strength: 58
• Industry: Luxury Goods
• EPS (TTM): 0.10
• Shares Outstanding: 935,196,700
• 10 Day Avg. Volume: 82,770
• 30 Day Avg. Volume: 142,763
• PEG Ratio: -2.09
• Price to Book (P/B): 0.68
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.51
• 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: 77 Outperform
• Price Target: S$0.50 ▼(-13.79%Downside)

ValueMax Group Ltd.'s strong revenue and profit growth, coupled with attractive valuation metrics, support a high stock score. However, financial risks from high leverage and cash flow challenges, along with overbought technical indicators, slightly temper the overall positive outlook.

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 primarily through its pawnbroking services, where customers pledge their valuables as collateral for short-term loans. The company earns interest on these loans, which is a significant portion of its income. Additionally, ValueMax profits from the sale of unredeemed pledged items, which are typically auctioned or sold through their retail outlets. The trading and retail of pre-owned jewelry, watches, and gold also contribute to its revenue streams. Furthermore, the company has expanded into moneylending services, providing personal loans that offer another source of interest income. Strategic partnerships and a strong retail presence contribute to its market position and earnings.

ValueMax Group Ltd. Financial Statement Overview

Summary

ValueMax Group Ltd. exhibits strong revenue and profit growth with efficient operational performance, reflected in high income statement scores. However, high leverage and significant cash flow issues present financial risks that need to be addressed to maintain financial health.

Income Statement

ValueMax Group Ltd. demonstrates strong revenue growth with a 37.8% increase in 2024 compared to 2023. The gross profit margin is healthy at 27.2%, and net profit margin stands at 18.2%, reflecting efficient cost management. EBITDA and EBIT margins are robust at 23.6% and 18.6% respectively, indicating operational efficiency. However, the company needs to maintain its growth trajectory to sustain these margins.

Balance Sheet

The debt-to-equity ratio is relatively high at 1.36, suggesting a significant reliance on debt financing. Return on Equity (ROE) is strong at 16.2%, indicating effective use of equity to generate profits. The equity ratio is moderate at 41.1%, which reflects a balanced approach in financing assets through equity. The company should aim to reduce leverage to mitigate financial risk.

Cash Flow

ValueMax faces challenges in cash flow management with a negative free cash flow of -67.1 million in 2024, down from -1.69 million in 2023. The operating cash flow to net income ratio is negative, indicating cash flow issues despite profitability. The free cash flow to net income ratio also highlights this concern. Improvement in cash conversion and capital efficiency is needed.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
409.00M	456.18M	331.04M	287.06M	275.51M	276.11M
	Gross Profit
118.06M	129.81M	100.22M	76.79M	70.03M	55.70M
	EBIT
76.03M	90.11M	60.54M	45.24M	40.93M	31.31M
	EBITDA
78.75M	107.72M	65.89M	59.27M	54.84M	44.96M
	Net Income Common Stockholders
63.21M	82.83M	52.85M	44.42M	41.51M	33.87M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
19.96M	16.80M	16.03M	10.99M	14.60M	11.82M
	Total Assets
1.15B	1.25B	1.08B	1.01B	799.12M	591.10M
	Total Debt
646.82M	698.34M	624.66M	618.93M	450.50M	319.41M
	Net Debt
626.87M	681.53M	609.19M	607.94M	435.89M	307.59M
	Total Liabilities
677.46M	729.31M	647.67M	641.37M	471.72M	336.11M
	Stockholders Equity
462.93M	512.06M	423.44M	363.89M	322.32M	249.74M
Cash Flow		Free Cash Flow
41.43M	-67.27M	-1.69M	-163.83M	-156.09M	12.65M
	Operating Cash Flow
42.09M	-55.86M	3.53M	-163.36M	-153.73M	13.22M
	Investing Cash Flow
146.00K	-11.28M	-5.07M	-471.00K	-2.62M	-2.27M
	Financing Cash Flow
-24.36M	64.42M	5.99M	155.63M	159.77M	-5.10M

ValueMax Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: 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 0.58 is above the 20-day moving average (MA) of 0.55, above the 50-day MA of 0.52, and above the 200-day MA of 0.46, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 77.68 is Negative, neither overbought nor oversold. The STOCH value of 100.00 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
T6I	77 Outperform	S$542.36M	5.93	17.71%	4.62%	37.80%	38.89%
Sector *	62 Neutral	$6.86B	11.07	2.77%	4.27%	2.66%	-24.95%
5MX		€150.81M	4.26	16.74%	8.11%	―	―
42L	71 Outperform	S$58.18M	5.05	8.85%	1.72%	10.00%	42.07%
5WJ		S$212.28M	5.56	23.13%	2.92%	―	―
AGS	75 Outperform	S$1.15B	8.17	15.30%	4.68%	-1.26%	-13.62%
C41		S$539.79M	8.49	15.37%	4.91%	―	―

ValueMax Group Ltd. Corporate Events

ValueMax Group Ltd. Conducts Annual General Meeting with Key Resolutions

ValueMax Group Ltd. held its Annual General Meeting (AGM) on April 22, 2025, at YWCA Fort Canning in Singapore, with key company directors and executives in attendance. The meeting, which had a quorum, was conducted by Executive Chairman Mr. Yeah Hiang Nam and CEO Mr. Yeah Chia Kai, where it was decided that all resolutions would be voted on by way of a poll, in accordance with the company’s constitution.

ValueMax Raises S$16.42 Million in Successful Digital Securities Issuance

ValueMax Group Ltd. has successfully closed its 6-month Series 008 digital securities commercial paper issuance, raising S$16.42 million. The issuance, which received strong investor demand, will be listed on the ADDX digital platform on 9 May 2025. Among the subscribers, Mr. Yeah Chia Wei, Chief Credit and Risk Officer of the company and son of the Executive Chairman, subscribed for S$0.20 million.

ValueMax Group Raises S$14.95 Million Through SDAX Platform

ValueMax Group Ltd. successfully closed its Series 003 of 6-month digital securities commercial paper on the SDAX platform, raising S$14.95 million. The strong investor demand for this issuance underscores the company’s robust market positioning and enhances its financial capabilities, potentially impacting its future operations and stakeholder interests.

ValueMax Group Ltd. AGM Resolutions Unanimously Approved

ValueMax Group Ltd. announced that all resolutions proposed at its Annual General Meeting on April 22, 2025, were approved by shareholders. Key resolutions included the approval of audited financial statements, a final dividend, directors’ fees, and the re-election of board members. The re-appointment of auditors and the authority to issue shares were also passed, with a notable approval for the renewal of a mandate for interested person transactions, indicating strong shareholder support for the company’s governance and strategic plans.

ValueMax Group Ltd. Increases Share Capital Through Warrant Exercise

ValueMax Group Ltd. has announced an increase in its issued ordinary shares from 871,220,429 to 871,230,429 following the allotment and issuance of 10,000 new shares due to the exercise of warrants at S$0.36 each. These new shares will be listed on the Singapore Exchange on April 10, 2025, and there are still 76,574,880 outstanding warrants set to expire on September 14, 2026.

ValueMax Group Ltd. Raises S$14.3 Million in Successful Digital Securities Issuance

ValueMax Group Ltd. has successfully closed its 6-month Series 007 digital securities commercial paper issuance, raising S$14.3 million. The issuance received strong investor demand and will be listed on the ADDX digital platform. Notable subscribers include Mr. Tan Soon Liang and Ms. Yeah Lee Ching, who collectively subscribed for 5.17% of the issuance. This development highlights ValueMax’s strategic positioning in digital securities, potentially enhancing its market presence and offering new opportunities for stakeholders.

ValueMax Group Ltd. Increases Share Capital Through Warrant Exercise

ValueMax Group Ltd. has announced an increase in its issued ordinary shares from 871,218,093 to 871,220,429 due to the allotment and issuance of 2,336 new ordinary shares following the exercise of warrants at S$0.36 each. These new shares will be listed on the Singapore Exchange on April 1, 2025, and there are still 76,584,880 outstanding warrants set to expire on September 14, 2026.

ValueMax Group Raises S$48.29 Million Through Digital Securities

ValueMax Group Ltd. has successfully closed its 3-month Series 008 digital securities issuance on the SDAX Platform, raising S$48.29 million. The issuance received strong investor demand, with notable participation from Ms. Yeah Lee Ching, an Executive Director of the company. This successful fundraising effort highlights the company’s strategic use of digital platforms to enhance its market positioning and attract investment.

ValueMax Group Secures S$23.40 Million in Successful Digital Securities Issuance

ValueMax Group Ltd. successfully closed its 3-month Series 014 digital securities commercial paper issuance, raising S$23.40 million. The issuance, which saw strong investor demand, will be listed on the ADDX digital platform. Notably, significant subscriptions came from key company figures and stakeholders, indicating strong internal confidence and support. This development enhances ValueMax’s market presence and showcases its commitment to digital financial solutions.