Yanlord Land Group (Z25) AI Stock Analysis

• Market Cap: S$1.33B
• Dividend Yield: N/A
• Average Volume (3M): 1.98M
• Price to Earnings (P/E): 27.8
• Beta (1Y): 1.10
• Revenue Growth: -47.59%
• EPS Growth: -0.86%
• Country: SG
• Employees: 6,100
• Sector: Financial
• Sector Strength: 70
• Industry: Real Estate - Development
• EPS (TTM): -0.01
• Shares Outstanding: 1,948,736,500
• 10 Day Avg. Volume: 1,627,480
• 30 Day Avg. Volume: 1,981,663
• PEG Ratio: -0.26
• Price to Book (P/B): 0.22
• Price to Sales (P/S): 0.51
• P/FCF Ratio: 8.10
• 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
• EPS Forecast (FY): -0.11
• Revenue Forecast (FY): S$17.73B

• Rating: 51 Neutral
• Price Target: S$0.72 ▲(0.56% Upside)
• Action: Reiterated Date: 03/03/26
• Date: Action: Reiterated 03/03/26

The score is primarily driven by a mixed financial profile: profits recovered and cash flow remained positive, but revenue contraction, recent loss years, and weaker 2025 free cash flow reduce confidence. Technicals are broadly neutral with limited momentum, while valuation is a headwind given the relatively high P/E and no provided dividend yield.

Positive Factors

Cash generation resilience

Consistent positive operating and free cash flow, including 2025, indicates the business can convert project activity into cash despite earnings volatility. Durable cash generation lowers short-term liquidity risk, supports working capital and project funding, and improves resilience through cycles.

Improved leverage position

A materially improved debt-to-equity ratio versus prior years signals reduced leverage and better balance sheet flexibility. Lower leverage decreases refinancing pressure, increases capacity for new land or project investment, and provides a more stable foundation through sector downturns.

Profitability rebound

Net income returning to positive in 2025 with improving margins suggests operational adjustments or better pricing mix. If sustained, this improves cash generation, supports debt servicing and provides scope for reinvestment, marking a structural improvement versus recent loss years.

Negative Factors

Sharp revenue contraction

A ~44% YoY revenue decline erodes scale economics and limits margin leverage from fixed costs. Persistently weak top-line reduces future earnings potential, constrains project funding from internal cash flows, and heightens sensitivity to further demand or execution shocks.

Recent multi-year losses

Two consecutive loss-making years before the 2025 rebound indicate pronounced earnings cyclicality and execution risk. This history raises the probability of recurrence in weaker markets and complicates long-term planning, investor confidence, and sustained return generation.

Material drop in free cash flow

A ~51% fall in free cash flow in 2025 shows cash conversion is volatile and declining when compared year-over-year. Reduced FCF limits internal funding for new projects, increases reliance on external financing, and raises refinancing and liquidity risk in tighter credit environments.

Yanlord Land Group Business Overview & Revenue Model

Company Description

Yanlord Land Group Limited, an investment holding company, operates as a real estate developer in the People's Republic of China, Singapore, and Hong Kong. The company operates through Property Development, Property Investment and Hotel Operations, Property Management, and Others segments. It develops residential properties, including apartment complexes and villas; and commercial and integrated properties, such as offices, retail shopping centers, serviced apartments, hotels, recreation facilities, and business parks, as well as offers property management services for residential and commercial properties. In addition, the company is involved in the leasing of properties and operation of hotels; hotels and serviced apartment management; trading of building materials and hardware; installation, maintenance, sale, and repair of elevators; project and business management; agribusiness exhibition and trade emporium center; manufacture of electronic components and connectors; die casting and precision engineering; mineral sand mining; transplant technology; and production of seedlings and bio-electronic products. Further, the company provides landscaping and gardening, investment management, city redevelopment, food and beverage, leisure and fitness, tourism investment, asset management, information technology, education and training, cultural and art performance, construction engineering, tourism and travel, and financial services. Additionally, it is involved in the civil, electrical, and mechanical engineering and contract businesses; supply, delivery, testing, and commissioning of telecommunication equipment and after-sales service; and supply and installation of building materials, industrial laundry, and automotive parts and equipment. Yanlord Land Group Limited was founded in 1993 and is based in Singapore.

How the Company Makes Money

Yanlord Land Group generates revenue primarily through the sale of residential and commercial properties. The company profits from selling completed developments and pre-sold units in its projects, which are often marketed to both domestic and international buyers. Additionally, Yanlord earns income from property management services and leasing activities related to its commercial properties. Strategic partnerships with local governments and financial institutions also contribute to its revenue streams by facilitating land acquisitions and project financing. Furthermore, the company may engage in joint ventures for large-scale developments, sharing risks and benefits with partners while expanding its market reach.

Yanlord Land Group Financial Statement Overview

Summary

Overall financials are mixed: profitability rebounded with net income turning positive in 2025 and margins improving, leverage has moderated, and operating/free cash flow remained positive. Offsetting this, revenue fell sharply (~44% YoY) and the prior two years were loss-making, while free cash flow declined materially in 2025—highlighting cyclical and volatile performance.

Income Statement

Profitability has rebounded in the latest annual period (net income turned positive in 2025 after losses in 2023–2024), and 2025 operating profitability looks healthier than the prior year with stronger gross and operating margins. However, the top line has been highly volatile and is down sharply in 2025 (revenue declined ~44% year over year), and the last three years include two loss-making years—highlighting earnings cyclicality and execution/market risk typical of property development.

Balance Sheet

Leverage appears manageable for the sector, with debt-to-equity improving versus 2020–2022 (roughly ~0.86 in 2025 vs. >1.2 earlier), and equity remaining substantial relative to assets. The key weakness is weak returns on equity in recent years (near breakeven in 2025 and negative in 2023–2024), implying the balance sheet is not currently generating strong shareholder returns despite the scale of assets and leverage employed.

Cash Flow

Cash generation is a relative bright spot: operating cash flow and free cash flow were positive across the periods shown, including 2025, indicating the business has continued to generate cash despite earnings volatility. That said, free cash flow fell materially in 2025 (down ~51% year over year), suggesting reduced cash conversion/collection or higher cash needs, and overall cash flow remains meaningfully variable year to year.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	14.47B	36.40B	43.40B	28.71B	34.83B
Gross Profit	3.75B	3.43B	8.29B	7.75B	8.93B
EBITDA	2.84B	583.56M	4.64B	6.89B	9.11B
Net Income	264.75M	-3.42B	-933.61M	1.53B	2.66B
Balance Sheet
Total Assets	98.08B	116.68B	154.73B	189.07B	154.45B
Cash, Cash Equivalents and Short-Term Investments	7.32B	10.19B	13.01B	20.70B	21.55B
Total Debt	28.40B	23.77B	30.05B	43.01B	42.91B
Total Liabilities	59.78B	77.48B	111.00B	143.71B	110.59B
Stockholders Equity	32.97B	30.76B	34.32B	34.97B	34.28B
Cash Flow
Free Cash Flow	907.33M	2.44B	4.39B	8.25B	1.98B
Operating Cash Flow	960.92M	2.54B	4.48B	8.43B	2.09B
Investing Cash Flow	664.34M	657.04M	1.34B	854.40M	2.22B
Financing Cash Flow	-4.51B	-5.99B	-13.44B	-10.33B	200.38M

Yanlord Land Group Technical Analysis

• Last Price: 0.72

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:Z25, the sentiment is undefined. The current price of 0.72 is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for SG:Z25.

Yanlord Land Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
HKB	58 Neutral	S$1.44B	22.13	―	―	―	―
Z25	51 Neutral	S$1.33B	27.77	-7.95%	―	-47.59%	-0.86%

Yanlord Land Group Corporate Events

Yanlord Land Continues Buyback of 2026 Green Notes, Cutting Outstanding Debt

Yanlord Land Group’s wholly owned subsidiary Yanlord Land (HK) Co., Limited has completed an additional repurchase and cancellation of US$25,009,000 in principal amount of its 5.125% Green Senior Notes due 2026, equal to 5.0018% of the original issue size. This transaction follows a series of earlier buybacks conducted throughout 2025, and after the latest cancellation the outstanding principal of the 2026 Notes stands at US$256,931,000, indicating continued efforts to reduce debt and manage the company’s capital structure ahead of the notes’ maturity.

The progressive repurchases of Yanlord’s 2026 Green Senior Notes signal an active liability management strategy that may lower future interest expenses and strengthen the firm’s balance sheet. For bondholders and other stakeholders, the shrinking float of the notes and the company’s commitment to retiring them could affect trading liquidity and reflect management’s confidence in available cash resources and overall financial resilience.

The most recent analyst rating on (SG:Z25) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on Yanlord Land Group stock, see the SG:Z25 Stock Forecast page.

Yanlord Land Group Reduces Debt with Latest Note Repurchase

Yanlord Land Group Limited has announced the completion of a further repurchase and cancellation of US$31 million of its 5.125% Green Senior Notes due 2026, representing 6.2% of the total principal amount initially listed. This move is part of a series of repurchases aimed at reducing the outstanding debt, which now stands at US$281.94 million, potentially strengthening the company’s financial position and signaling a commitment to debt management.

The most recent analyst rating on (SG:Z25) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on Yanlord Land Group stock, see the SG:Z25 Stock Forecast page.