PropNex Limited

SGX:OYY Stock Report

Market Cap: S$688.2m

PropNex Valuation

Is OYY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of OYY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OYY (SGD0.93) is trading below our estimate of fair value (SGD3.11)

Significantly Below Fair Value: OYY is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OYY?

Key metric: As OYY is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for OYY. This is calculated by dividing OYY's market cap by their current earnings.
What is OYY's PE Ratio?
PE Ratio15.4x
EarningsS$44.75m
Market CapS$688.20m

Price to Earnings Ratio vs Peers

How does OYY's PE Ratio compare to its peers?

The above table shows the PE ratio for OYY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.2x
CLN APAC Realty
12.9x15.9%S$140.1m
H30 Hong Fok
8xn/aS$675.9m
OU8 Centurion
3.4x-28.7%S$802.9m
B61 Bukit Sembawang Estates
8.5xn/aS$924.3m
OYY PropNex
15.4x6.0%S$688.2m

Price-To-Earnings vs Peers: OYY is expensive based on its Price-To-Earnings Ratio (15.4x) compared to the peer average (8.2x).

Price to Earnings Ratio vs Industry

How does OYY's PE Ratio compare vs other companies in the SG Real Estate Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
AZA IPC
1.9xn/aUS$6.19m
No more companies available in this PE range
OYY 15.4xIndustry Avg. 13.9xNo. of Companies6PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OYY is expensive based on its Price-To-Earnings Ratio (15.4x) compared to the SG Real Estate industry average (14.3x).

Price to Earnings Ratio vs Fair Ratio

What is OYY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OYY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.4x
Fair PE Ratio11.6x

Price-To-Earnings vs Fair Ratio: OYY is expensive based on its Price-To-Earnings Ratio (15.4x) compared to the estimated Fair Price-To-Earnings Ratio (11.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst OYY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentS$0.93
S$0.93
-0.4%
4.4%S$0.98S$0.87n/a5
Dec ’25S$0.89
S$0.93
+4.6%
4.4%S$0.98S$0.87n/a5
Nov ’25S$0.81
S$0.92
+13.8%
3.8%S$0.96S$0.87n/a5
Oct ’25S$0.79
S$0.92
+16.7%
3.8%S$0.96S$0.87n/a5
Sep ’25S$0.79
S$0.92
+17.5%
3.8%S$0.96S$0.87n/a5
Aug ’25S$0.81
S$0.99
+22.7%
4.4%S$1.04S$0.94n/a5
Jul ’25S$0.83
S$0.99
+19.0%
4.4%S$1.04S$0.94n/a5
Jun ’25S$0.89
S$0.99
+11.6%
4.4%S$1.04S$0.94n/a5
May ’25S$0.89
S$0.99
+11.6%
4.4%S$1.04S$0.94n/a5
Apr ’25S$0.93
S$0.99
+6.8%
4.4%S$1.04S$0.94n/a5
Mar ’25S$0.86
S$1.09
+26.2%
9.1%S$1.23S$0.94n/a5
Feb ’25S$0.92
S$1.15
+25.2%
4.0%S$1.23S$1.09n/a5
Jan ’25S$0.93
S$1.15
+23.9%
4.0%S$1.23S$1.09n/a5
Dec ’24S$0.85
S$1.15
+35.5%
4.0%S$1.23S$1.09S$0.895
Nov ’24S$0.80
S$1.15
+44.0%
4.0%S$1.23S$1.09S$0.815
Oct ’24S$0.88
S$1.15
+30.9%
4.0%S$1.23S$1.09S$0.795
Sep ’24S$0.91
S$1.15
+27.3%
4.0%S$1.23S$1.09S$0.795
Aug ’24S$1.05
S$1.11
+5.2%
9.5%S$1.20S$0.94S$0.815
Jul ’24S$1.01
S$1.11
+9.4%
9.5%S$1.20S$0.94S$0.835
Jun ’24S$1.02
S$1.11
+8.3%
9.5%S$1.20S$0.94S$0.895
May ’24S$1.25
S$1.07
-14.6%
8.0%S$1.20S$0.94S$0.895
Apr ’24S$0.96
S$1.07
+10.6%
8.0%S$1.20S$0.94S$0.935
Mar ’24S$0.94
S$1.00
+5.9%
8.5%S$1.10S$0.87S$0.865
Feb ’24S$0.83
S$0.92
+9.6%
7.3%S$0.97S$0.81S$0.925
Jan ’24S$0.77
S$0.92
+19.6%
7.3%S$0.97S$0.81S$0.935
Dec ’23S$0.81
S$0.92
+13.0%
7.3%S$0.97S$0.81S$0.855

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 04:09
End of Day Share Price 2024/12/18 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PropNex Limited is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Justin JenkinsCGS International
Derek TanDBS Bank Ltd
Lee Keng LingDBS Bank Ltd