ValueMax Group Ltd. (T6I) AI Stock Analysis

• Market Cap: S$678.02M
• Dividend Yield: 3.7%
• Average Volume (3M): 208.70K
• Price to Earnings (P/E): 7.4
• Beta (1Y): 0.20
• Revenue Growth: 37.80%
• EPS Growth: 38.89%
• Country: SG
• Employees: N/A
• Sector: Consumer Cyclical
• Sector Strength: 66
• Industry: Luxury Goods
• EPS (TTM): 0.10
• Shares Outstanding: 935,298,950
• 10 Day Avg. Volume: 381,850
• 30 Day Avg. Volume: 208,696
• PEG Ratio: 3.11
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 49.38
• 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: S$0.50
• Price Target Upside: -30.56% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 84 Outperform
• Price Target: S$1.00 ▲(38.89%Upside)

ValueMax Group Ltd. receives a strong overall score driven primarily by exceptional technical analysis showing strong bullish momentum and an attractive valuation with a low P/E ratio and good dividend yield. Financial performance, while strong in revenue and profit growth, is moderated by high leverage and cash flow challenges.

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 it offers short-term secured loans to individuals using personal valuables such as gold, jewelry, and luxury items as collateral. The company earns interest on these loans, which constitutes a significant portion of its revenue. Additionally, ValueMax engages in the retail and trading of pre-owned jewelry and gold, providing an alternative shopping experience for customers seeking value-for-money purchases. The company also extends its financial services through moneylending activities, offering unsecured personal loans with competitive interest rates. ValueMax's strategic partnerships with financial institutions and its extensive retail network further bolster its revenue streams, ensuring a steady flow of income from various financial and retail operations.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	456.18M	331.04M	287.06M	275.51M	276.11M
Gross Profit	129.81M	100.22M	76.79M	70.03M	55.70M
EBITDA	107.72M	65.89M	59.27M	54.84M	44.96M
Net Income	82.83M	52.85M	44.42M	41.51M	33.87M
Balance Sheet
Total Assets	1.25B	1.08B	1.01B	799.12M	591.10M
Cash, Cash Equivalents and Short-Term Investments	16.80M	16.03M	10.99M	14.60M	11.82M
Total Debt	698.34M	624.66M	618.93M	450.50M	319.41M
Total Liabilities	729.31M	647.67M	641.37M	471.72M	336.11M
Stockholders Equity	512.06M	423.44M	363.89M	322.32M	249.74M
Cash Flow
Free Cash Flow	-67.27M	-1.69M	-163.83M	-156.09M	12.65M
Operating Cash Flow	-55.86M	3.53M	-163.36M	-153.73M	13.22M
Investing Cash Flow	-11.28M	-5.07M	-471.00K	-2.62M	-2.27M
Financing Cash Flow	64.42M	5.99M	155.63M	159.77M	-5.10M

ValueMax Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.72
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• 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 0.72 is above the 20-day moving average (MA) of 0.66, above the 50-day MA of 0.61, and above the 200-day MA of 0.49, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 77.11 is Negative, neither overbought nor oversold. The STOCH value of 71.37 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
T6I	84 Outperform	S$678.02M	7.41	17.71%	3.70%	37.80%	38.89%
Sector *	64 Neutral	£1.73B	10.31	6.12%	3.19%	0.57%	-34.61%
5MX	―	€168.21M	5.06	16.74%	6.83%	―	―
42L	71 Outperform	S$66.57M	5.78	8.85%	1.50%	10.00%	42.07%
5WJ	―	S$278.62M	7.29	23.13%	2.19%	―	―
AGS	76 Outperform	S$1.35B	9.60	15.30%	3.98%	2.94%	-12.31%
C41	―	S$620.92M	9.76	15.37%	4.27%	―	―

ValueMax Group Ltd. Corporate Events

ValueMax Group Increases Share Issuance Following Warrant Exercise

ValueMax Group Ltd. announced an increase in its issued ordinary shares from 935,098,935 to 935,198,935 through the allotment and issuance of 100,000 new shares following the exercise of warrants priced at S$0.36 each. These new shares will be listed on the Singapore Exchange on July 14, 2025. The exercise leaves 12,606,374 outstanding warrants, each with the same exercise price, set to expire on September 14, 2026.

ValueMax Group Ltd. Increases Share Issuance Following Warrant Exercise

ValueMax Group Ltd. has announced an increase in its issued ordinary shares from 935,096,733 to 935,098,935 following the allotment and issuance of 2,202 new shares due to the exercise of warrants at a price of S$0.36 each. These new shares will be listed on the Singapore Exchange on July 8, 2025, and there remain 12,706,374 outstanding warrants with the same exercise price, set to expire on September 14, 2026.

ValueMax Group Raises S$48.12 Million in Digital Securities Issuance

ValueMax Group Ltd. has successfully closed its Series 009 of 3-month digital securities commercial paper on the SDAX platform, raising S$48.12 million. The issuance received strong demand from investors, including a significant subscription by Ms. Yeah Lee Ching, an Executive Director of the company. This development highlights the company’s ability to attract investor interest and secure substantial funding, which may enhance its financial flexibility and market positioning.

ValueMax Group Raises S$22.24 Million in Successful Digital Securities Issuance

ValueMax Group Ltd. has successfully closed its 3-month Series 015 digital securities commercial paper issuance, raising S$22.24 million. The issuance, which saw significant investor interest, will be listed on the ADDX digital platform. Key company figures, including an Independent Director and the Chief Credit and Risk Officer, participated in the subscription, highlighting internal confidence in the offering.

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.