Frasers Property (TQ5) AI Stock Analysis

• Market Cap: S$4.44B
• Dividend Yield: 4.02%
• Average Volume (3M): 280.24K
• Price to Earnings (P/E): 19.3
• Beta (1Y): 0.76
• Revenue Growth: -18.20%
• EPS Growth: 40.87%
• Country: SG
• Employees: 5,032
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): 0.02
• Shares Outstanding: 3,926,041,500
• 10 Day Avg. Volume: 250,650
• 30 Day Avg. Volume: 280,243
• PEG Ratio: 0.21
• Price to Book (P/B): 0.41
• Price to Sales (P/S): 1.18
• P/FCF Ratio: 4.08
• 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$1.46
• Price Target Upside: 28.76% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: S$1.00 ▼(-11.50% Downside)

The overall stock score is primarily influenced by the company's financial performance challenges, including declining revenue and high leverage. However, the technical analysis shows strong bullish momentum, and the valuation is supported by a reasonable P/E ratio and an attractive dividend yield. These factors combine to give a balanced outlook for the stock.

Positive Factors

Business Model Strength

The company's diversified business model across multiple property sectors provides resilience against market fluctuations and supports long-term stability.

Cash Conversion Efficiency

Efficient cash conversion indicates strong operational management, ensuring liquidity and the ability to fund future investments and debt obligations.

Operational Efficiency

Strong EBIT and EBITDA margins reflect effective cost control and operational management, contributing to sustained profitability even amid revenue challenges.

Negative Factors

Revenue Decline

A significant decline in revenue growth indicates potential challenges in market demand or competitive pressures, impacting long-term growth prospects.

High Leverage

High leverage can strain financial flexibility and increase vulnerability to economic downturns, posing risks to long-term financial stability.

Decline in Free Cash Flow

Declining free cash flow growth may limit the company's ability to invest in growth opportunities and meet financial obligations, affecting future liquidity.

Frasers Property Business Overview & Revenue Model

Company Description

Frasers Property (TQ5) is a leading real estate and property development company headquartered in Singapore, engaging in a diverse range of sectors including residential, commercial, and industrial properties. The company is known for its integrated property solutions that encompass development, investment, and management of properties, offering a wide array of services from urban planning to asset management across multiple markets worldwide.

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 faces challenges in revenue growth and profitability, with a significant decline in sales and net profit margins. The high leverage on the balance sheet raises financial stability concerns, while cash flow metrics indicate potential liquidity issues despite strong cash conversion ratios. The company needs to address revenue decline and manage debt levels to improve its financial health.

Income Statement

Frasers Property's income statement shows a mixed performance. The gross profit margin is relatively stable at around 39%, indicating efficient cost management. However, the net profit margin has decreased to 7.14% in 2025 from higher levels in previous years, reflecting challenges in maintaining profitability. The revenue growth rate has turned negative at -20.05%, signaling a significant decline in sales, which is a concern. Despite this, the EBIT and EBITDA margins remain strong, suggesting operational efficiency.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.89, indicating significant leverage, which poses a risk in volatile markets. Return on equity is low at 2.48%, suggesting limited returns for shareholders. The equity ratio is not explicitly calculated, but the high debt levels imply a lower proportion of equity in the capital structure. Overall, the balance sheet reflects financial stability concerns due to high leverage.

Cash Flow

Cash flow analysis shows a decline in free cash flow growth at -12.64%, which could impact future investments. The operating cash flow to net income ratio is 0.19, indicating moderate cash generation relative to net income. The free cash flow to net income ratio is strong at 0.95, suggesting efficient conversion of profits into cash. However, the negative growth in free cash flow is a concern for liquidity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.26B	3.40B	4.21B	3.95B	3.88B	3.76B
Gross Profit	1.53B	1.34B	1.49B	1.54B	1.51B	1.57B
EBITDA	1.18B	1.32B	1.36B	1.22B	1.21B	1.29B
Net Income	291.10M	243.10M	206.33M	173.14M	928.27M	833.09M
Balance Sheet
Total Assets	38.91B	39.75B	39.64B	39.78B	40.17B	40.26B
Cash, Cash Equivalents and Short-Term Investments	2.22B	2.39B	2.64B	2.66B	3.32B	3.78B
Total Debt	18.13B	18.48B	18.37B	17.49B	17.02B	18.59B
Total Liabilities	21.87B	22.60B	22.17B	21.58B	20.79B	21.93B
Stockholders Equity	9.64B	9.79B	9.93B	10.79B	11.59B	10.79B
Cash Flow
Free Cash Flow	1.12B	981.79M	1.18B	1.43B	190.40M	316.29M
Operating Cash Flow	1.18B	1.03B	1.24B	1.56B	1.18B	1.36B
Investing Cash Flow	-92.05M	183.08M	-339.01M	-1.47B	49.80M	-146.61M
Financing Cash Flow	-1.49B	-1.58B	-846.82M	-688.99M	-1.57B	-557.32M

Frasers Property Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.13
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:TQ5, the sentiment is Positive. The current price of 1.13 is above the 20-day moving average (MA) of 1.12, above the 50-day MA of 1.08, and above the 200-day MA of 0.95, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 56.67 is Neutral, neither overbought nor oversold. The STOCH value of -20.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:TQ5.

Frasers Property Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
J69U	72 Outperform	S$4.56B	21.46	4.49%	5.29%	10.82%	-5.02%
ME8U	71 Outperform	S$6.02B	18.33	6.70%	6.51%	-1.96%	175.59%
TQ5	67 Neutral	S$4.44B	19.28	2.37%	4.02%	-18.20%	40.87%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
U14	65 Neutral	S$9.17B	21.13	3.80%	2.06%	18.74%	-38.36%
C09	62 Neutral	S$8.42B	42.57	2.25%	1.23%	-10.52%	-39.75%
T82U	62 Neutral	$4.26B	26.57	-0.32%	4.55%	0.01%	-110.22%

Frasers Property Corporate Events

Frasers Property Deepens Tech Push With Capital Injections Into BetterBe Marketplace

Frasers Property Limited has provided an update on its capital injections into BetterBe Marketplace Co., Ltd. through its Thai joint venture structure, reaffirming its strategy of investing in third-party technologies and digital businesses that complement its core property operations. The move, executed via Must Be Company Limited, the joint venture with subsidiaries of Thai Beverage Public Company Limited, reflects Frasers Property’s continued commitment to the BetterBe platform and to expanding its technology-driven offerings in Thailand, potentially strengthening its regional positioning and creating new growth avenues beyond traditional real estate activities.

The most recent analyst rating on (SG:TQ5) stock is a Hold with a S$1.00 price target. To see the full list of analyst forecasts on Frasers Property stock, see the SG:TQ5 Stock Forecast page.

Frasers Property to Redeem S$300 Million Perpetual Securities in 2026

Frasers Property Limited has announced the redemption of its S$300 million fixed rate subordinated perpetual securities, which were issued under its S$5 billion multicurrency debt issuance programme. The redemption is scheduled for January 17, 2026, with payment to be made on January 19, 2026, due to the original date not being a business day. This move is part of the company’s financial strategy to manage its debt obligations, potentially impacting its financial flexibility and stakeholder interests.

The most recent analyst rating on (SG:TQ5) stock is a Buy with a S$1.26 price target. To see the full list of analyst forecasts on Frasers Property stock, see the SG:TQ5 Stock Forecast page.

Frasers Property Announces Board and Committee Changes

Frasers Property Limited, a company incorporated in Singapore, has announced changes in its Board of Directors and various committees. The appointment of Mr. Prapakon Thongtheppairot as a Non-Executive and Non-Independent Director, effective from November 10, 2025, will impact the composition of the Board of Directors, Audit Committee, Board Executive Committee, and Sustainability and Risk Management Committee. This strategic addition is expected to influence the company’s governance and operational strategies, potentially affecting its industry positioning and stakeholder relations.

The most recent analyst rating on (SG:TQ5) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on Frasers Property stock, see the SG:TQ5 Stock Forecast page.