Frasers Property (TQ5) AI Stock Analysis

• Market Cap: S$4.44B
• Dividend Yield: 3.98%
• Average Volume (3M): 280.24K
• Price to Earnings (P/E): 19.3
• Beta (1Y): 0.74
• Revenue Growth: -18.13%
• 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$1.33
• Price Target Upside: 17.78% 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 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 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: Negative
• RSI: Negative
• STOCH: Negative

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 1.07, above the 50-day MA of 1.06, and above the 200-day MA of 0.93, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 71.18 is Negative, neither overbought nor oversold. The STOCH value of 90.61 is Negative, 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
U14	70 Outperform	S$7.20B	16.59	3.80%	2.13%	18.74%	-38.36%
J69U	69 Neutral	S$4.64B	21.84	4.49%	5.31%	10.82%	-5.02%
TQ5	67 Neutral	S$4.44B	19.28	2.37%	3.98%	-18.13%	40.87%
T82U	67 Neutral	$4.06B	-210.61	-0.32%	4.68%	0.01%	-110.22%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ME8U	64 Neutral	S$5.79B	17.45	6.70%	6.51%	-1.96%	175.59%
C09	62 Neutral	$6.66B	33.67	2.25%	1.35%	-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.