Frasers Property (TQ5) AI Stock Analysis

• Market Cap: $4.20B
• Dividend Yield: 4.29%
• Average Volume (3M): 280.24K
• Price to Earnings (P/E): 16.0
• Beta (1Y): 0.76
• Revenue Growth: 19.82%
• EPS Growth: N/A
• Country: SG
• Employees: 5,032
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): 0.04
• Shares Outstanding: 3,926,041,500
• 10 Day Avg. Volume: 250,650
• 30 Day Avg. Volume: 280,243
• PEG Ratio: 6.46
• Price to Book (P/B): 0.56
• Price to Sales (P/S): 1.31
• P/FCF Ratio: 4.68
• Enterprise Value/Market Cap: 6.39
• Enterprise Value/Revenue: 6.31
• Enterprise Value/Gross Profit: 17.51
• Enterprise Value/Ebitda: 22.83
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 71 Outperform
• Price Target: S$1.00 ▼(-4.76% Downside)

Frasers Property's overall stock score is driven by its strong technical indicators and fair valuation, which are offset by financial performance challenges, particularly in revenue growth and leverage. The stock's positive momentum and attractive dividend yield are significant strengths, while the high debt levels and declining revenue growth pose risks.

Positive Factors

Operational Efficiency

Strong operational efficiency with high gross and EBIT margins indicates effective cost management and competitive positioning, supporting long-term profitability.

Cash Generation

Efficient cash generation provides financial flexibility for investments and debt management, enhancing the company's ability to sustain operations and growth.

Leadership Change

Strategic leadership transition in Thailand aligns with growth strategy, potentially unlocking new opportunities and synergies across key markets.

Negative Factors

High Leverage

High leverage can strain financial resources, limiting flexibility and increasing risk, especially in volatile market conditions, impacting long-term stability.

Declining Revenue Growth

Declining revenue growth poses challenges to maintaining profitability and market share, necessitating strategic adjustments to reverse the trend.

Low Net Profit Margin

A low net profit margin indicates limited profitability, which could affect the company's ability to reinvest in growth and withstand economic downturns.

Frasers Property Business Overview & Revenue Model

Company Description

Frasers Property Limited, an investment holding company, develops, invests in, and manages a portfolio of real estate properties. The company's asset portfolio includes integrated, residential, hospitality, commercial and business parks, retail, and logistics and industrial properties in Singapore, Australia, Europe, China, Thailand, Southeast Asia, and internationally. It owns and/or operates serviced apartments and hotels in approximately 70 cities across Asia, Australia, Europe, the Middle East, and Africa. The company also acts as a sponsor of two real estate investment trusts (REITs) listed on the SGX-ST that comprises Frasers Centrepoint Trust, and Frasers Logistics & Commercial Trust focused on retail, commercial, and industrial properties; and one stapled trust listed on the SGX-ST that include Frasers Hospitality Trust focused on hospitality properties; and two REITs listed on the Stock Exchange of Thailand, which include Frasers Property (Thailand) Public Company Limited, a sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT that focuses on industrial and logistics properties in Thailand, as well as Golden Ventures Leasehold Real Estate Investment Trust, which focuses on commercial properties. The company was formerly known as Frasers Centrepoint Limited and changed its name to Frasers Property Limited in February 2018. The company was incorporated in 1963 and is headquartered in Singapore.

How the Company Makes Money

Frasers Property generates revenue primarily through the development and sale of residential properties, leasing commercial spaces, and managing industrial assets. Key revenue streams include property sales from residential developments, rental income from commercial and industrial properties, and management fees from real estate investments. The company also benefits from strategic partnerships with local and international developers, which enhance its market reach and operational capabilities. Additionally, Frasers Property invests in high-quality real estate assets, generating returns from property appreciation and stable cash flows through long-term leases.

Frasers Property Financial Statement Overview

Summary

Frasers Property demonstrates operational efficiency and strong cash flow generation, but faces challenges with declining revenue growth and high leverage. The company needs to address its revenue trajectory and manage its debt levels to enhance financial stability and profitability.

Income Statement

Frasers Property shows a mixed performance in its income statement. The company has maintained a decent gross profit margin of 35.43% and an EBIT margin of 30.37%, indicating operational efficiency. However, the net profit margin is relatively low at 4.90%, and there is a notable decline in revenue growth by 13.75% in the latest period, which could be a concern for future profitability.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio of 1.85, suggesting significant leverage, which could pose financial risks. The return on equity is modest at 2.08%, indicating limited profitability from shareholders' investments. The equity ratio stands at 25.06%, showing a moderate level of equity financing relative to total assets.

Cash Flow

Frasers Property's cash flow statement is relatively strong, with a positive free cash flow growth rate of 3.75% and a high free cash flow to net income ratio of 94.84%, indicating efficient cash generation. The operating cash flow to net income ratio is 20.34%, suggesting good cash flow relative to net income, although there is room for improvement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.26B	4.21B	3.95B	3.88B	3.76B	3.60B
Gross Profit	1.53B	1.49B	1.54B	1.51B	1.57B	1.46B
EBITDA	1.18B	1.36B	1.22B	1.21B	1.29B	1.07B
Net Income	291.10M	206.33M	173.14M	928.27M	833.09M	188.13M
Balance Sheet
Total Assets	38.91B	39.64B	39.78B	40.17B	40.26B	38.75B
Cash, Cash Equivalents and Short-Term Investments	2.22B	2.64B	2.66B	3.32B	3.78B	3.31B
Total Debt	18.13B	18.37B	17.49B	17.02B	18.59B	20.40B
Total Liabilities	21.87B	22.17B	21.58B	20.79B	21.93B	23.63B
Stockholders Equity	9.64B	9.93B	10.79B	11.59B	10.79B	8.90B
Cash Flow
Free Cash Flow	1.12B	1.18B	1.43B	190.40M	316.29M	-352.65M
Operating Cash Flow	1.18B	1.24B	1.56B	1.18B	1.36B	611.00K
Investing Cash Flow	-92.05M	-339.01M	-1.47B	49.80M	-146.61M	-1.68B
Financing Cash Flow	-1.49B	-846.82M	-688.99M	-1.57B	-557.32M	1.60B

Frasers Property Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:TQ5, the sentiment is Neutral. The current price of 1.05 is below the 20-day moving average (MA) of 1.06, above the 50-day MA of 1.04, and above the 200-day MA of 0.90, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.67 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:TQ5.

Frasers Property Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TQ5	―	$4.20B	15.97	2.80%	4.29%	19.82%	―
U14	―	$6.98B	16.10	3.80%	2.26%	18.74%	-38.36%
J69U	―	$4.91B	21.36	4.49%	5.18%	10.82%	-5.02%
ME8U	―	S$6.33B	18.56	6.70%	6.30%	-1.96%	175.59%
T82U	―	$3.85B	―	-0.32%	4.85%	0.01%	-110.22%
Sector *	―	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
C09	―	$6.68B	33.81	2.25%	1.38%	-10.52%	-39.75%

Frasers Property Corporate Events

Frasers Hospitality Trust Announces Privatization and Delisting

Frasers Property Hospitality Trust has announced a proposed privatization through a trust scheme of arrangement, which involves the acquisition of all stapled securities by the Offeror, excluding those held by TCC Group Investments Limited and Frasers Property Limited. This move, which has been sanctioned by the court, will lead to the delisting of Frasers Hospitality Trust, potentially impacting its stakeholders and altering its market positioning.

Frasers Property Hospitality Trust Announces Privatization Scheme

Frasers Property Hospitality Trust has announced a proposed privatization through a trust scheme of arrangement. This move involves the acquisition of all stapled securities by Frasers Property Hospitality Trust Holdings Pte. Ltd., excluding those held by TCC Group Investments Limited and Frasers Property Limited. The scheme has received court sanction, indicating a significant restructuring aimed at consolidating control and potentially optimizing operational efficiencies within the hospitality sector.

Frasers Property Liquidates Inactive German Subsidiary

Frasers Property Limited has announced the voluntary liquidation of its indirect wholly-owned subsidiary, FPE Beratungs GmbH, based in Germany. The liquidation is due to the subsidiary no longer being active in business, and it is not expected to significantly impact the company’s financial metrics for the current fiscal year.

Frasers Property Announces Leadership Change in Thailand

Frasers Property Limited has announced a strategic leadership transition in its Thailand operations, appointing Mr. Lim Hua Tiong as the new CEO of Frasers Property (Thailand) Public Company Limited, effective 1 October 2025. This change aligns with the Group’s OneFrasers strategy, aiming to enhance value creation and unlock synergies across key markets. The outgoing CEO, Mr. Thanapol Sirithanachai, will remain on the FPT Board, ensuring continuity. This transition highlights the company’s growth and commitment to a unified, future-ready organization, potentially unlocking new growth opportunities under the new leadership.