SGX:OYY

Stock Analysis Report

Executive Summary

PropNex Limited provides an integrated real estate services in Singapore.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.

Share Price & News

How has PropNex's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.0%

OYY

1.3%

SG Real Estate

1.1%

SG Market


1 Year Return

-2.9%

OYY

2.8%

SG Real Estate

2.6%

SG Market

Return vs Industry: OYY underperformed the SG Real Estate industry which returned 2.8% over the past year.

Return vs Market: OYY underperformed the SG Market which returned 2.6% over the past year.


Shareholder returns

OYYIndustryMarket
7 Day1.0%1.3%1.1%
30 Day1.0%-0.1%-0.3%
90 Day-5.6%-6.0%-5.9%
1 Year5.6%-2.9%6.0%2.8%6.7%2.6%
3 Yearn/a4.0%-4.4%15.5%3.2%
5 Yearn/a2.9%-10.6%12.0%-6.6%

Price Volatility Vs. Market

How volatile is PropNex's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is PropNex undervalued compared to its fair value and its price relative to the market?

39.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OYY (SGD0.51) is trading below our estimate of fair value (SGD0.84)

Significantly Below Fair Value: OYY is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: OYY is poor value based on its PE Ratio (12.7x) compared to the Real Estate industry average (10.8x).

PE vs Market: OYY is good value based on its PE Ratio (12.7x) compared to the SG market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: OYY is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: OYY is overvalued based on its PB Ratio (3.1x) compared to the SG Real Estate industry average (0.5x).


Next Steps

Future Growth

How is PropNex forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

3.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OYY's forecast earnings growth (3.9% per year) is above the savings rate (2.3%).

Earnings vs Market: OYY's earnings (3.9% per year) are forecast to grow slower than the SG market (5.7% per year).

High Growth Earnings: OYY's earnings are forecast to grow, but not significantly.

Revenue vs Market: OYY's revenue (2.9% per year) is forecast to grow slower than the SG market (5.5% per year).

High Growth Revenue: OYY's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OYY's Return on Equity is forecast to be high in 3 years time (21.6%)


Next Steps

Past Performance

How has PropNex performed over the past 5 years?

22.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: OYY's earnings have grown significantly by 22.7% per year over the past 5 years.

Accelerating Growth: OYY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: OYY had negative earnings growth (-25.5%) over the past year, making it difficult to compare to the Real Estate industry average (-22.8%).


Return on Equity

High ROE: OYY's Return on Equity (26%) is considered high.


Return on Assets

ROA vs Industry: OYY has a higher Return on Assets than the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: OYY's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is PropNex's financial position?


Financial Position Analysis

Short Term Liabilities: OYY's short term assets (SGD120.9M) exceeds its short term liabilities (SGD62.0M)

Long Term Liabilities: OYY's short term assets (120.9M) exceeds its long term liabilities (1.3M)


Debt to Equity History and Analysis

Debt Level: OYY is debt free.

Reducing Debt: OYY has not had any debt for past 5 years.

Debt Coverage: OYY has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: OYY has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: OYY has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if OYY's debt is covered by short term assets.


Next Steps

Dividend

What is PropNex's current dividend yield, its reliability and sustainability?

4.95%

Current Dividend Yield


Dividend Yield vs Market

company5.0%marketbottom25%2.5%markettop25%5.7%industryaverage3.3%forecastin3Years7.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: OYY's dividend (4.95%) is higher than the bottom 25% of dividend payers in the SG market (2.54%).

High Dividend: OYY's dividend (4.95%) is low compared to the top 25% of dividend payers in the SG market (5.69%).

Stable Dividend: Too early to tell whether OYY's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if OYY's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69.1%), OYY's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: OYY's dividends in 3 years are forecast to be well covered by earnings (33.8% payout ratio).


Next Steps

Management

What is the CEO of PropNex's salary, the management and board of directors tenure and is there insider trading?


CEO

Mohamed Ismail Gafoore (55yo)

0yrs

Tenure

0

Mr. Mohamed Ismail Gafoore is Co-founder of PropNex Limited and serves as its Executive Chairman and CEO. Mr. Gafoore serves as Chairman at P&N Holdings Pte. Ltd and has been its Chief Executive Officer si ...


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyS$48,00005 Jun 19
Tow Huat Lim
EntityIndividual
Role
Member of the Board of Directors
Co-Founder & Executive Director
Shares100,000
Max PriceS$0.48
BuyS$94,88504 Jun 19
Mohamed Ismail Gafoore
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares194,000
Max PriceS$0.49
BuyS$211,85429 May 19
Mohamed Ismail Gafoore
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares415,400
Max PriceS$0.51
BuyS$171,37916 May 19
Mohamed Ismail Gafoore
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares339,500
Max PriceS$0.50
BuyS$117,00027 Mar 19
Mohamed Ismail Gafoore
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares200,000
Max PriceS$0.58
BuyS$177,00026 Mar 19
Mohamed Ismail Gafoore
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares300,000
Max PriceS$0.59
BuyS$56,00027 Feb 19
Mohamed Ismail Gafoore
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares100,000
Max PriceS$0.56
BuyS$69,33007 Jan 19
Mohamed Ismail Gafoore
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares150,000
Max PriceS$0.46
BuyS$48,17002 Jan 19
Mohamed Ismail Gafoore
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares100,000
Max PriceS$0.48
BuyS$48,85028 Dec 18
Mohamed Ismail Gafoore
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares100,000
Max PriceS$0.49
BuyS$2,81327 Dec 18
Keng-Seong Fong
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares5,800
Max PriceS$0.49
BuyS$49,00027 Dec 18
Mohamed Ismail Gafoore
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares100,000
Max PriceS$0.49
BuyS$50,50019 Dec 18
Mohamed Ismail Gafoore
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares100,000
Max PriceS$0.51
BuyS$76,60518 Dec 18
Mohamed Ismail Gafoore
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares150,000
Max PriceS$0.51
BuyS$47,89514 Dec 18
Keng-Seong Fong
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares93,000
Max PriceS$0.51
BuyS$26,00013 Dec 18
Mohamed Ismail Gafoore
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares50,000
Max PriceS$0.52
BuyS$15,60213 Dec 18
Ahmad Bin Mohamed Magad
EntityIndividual
Shares30,000
Max PriceS$0.52
BuyS$52,00012 Dec 18
Tow Huat Lim
EntityIndividual
Role
Member of the Board of Directors
Co-Founder & Executive Director
Shares100,000
Max PriceS$0.52
BuyS$52,00012 Dec 18
Mohamed Ismail Gafoore
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares100,000
Max PriceS$0.52
BuyS$21,00010 Dec 18
Keng-Seong Fong
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares40,000
Max PriceS$0.53
BuyS$21,00007 Dec 18
Keng-Seong Fong
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares40,000
Max PriceS$0.53
BuyS$52,50006 Dec 18
Mohamed Ismail Gafoore
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares100,000
Max PriceS$0.53
BuyS$53,60028 Nov 18
Mohamed Ismail Gafoore
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares100,000
Max PriceS$0.54

Ownership Breakdown


Management Team

  • Alan Lim (53yo)

    Co-Founder & Executive Director

    • Tenure: 0yrs
  • Yew Meng Cheong

    Chief Financial Officer

    • Tenure: 0.7yrs
  • Kelvin Fong (43yo)

    Executive Director

    • Tenure: 0yrs
  • Mohamed Ismail Gafoore (55yo)

    Co-Founder

    • Tenure: 0yrs
  • Yong Hock Lim (46yo)

    Key Executive Officer

    • Tenure: 0yrs
  • Johnsonwill Hon (45yo)

    Financial Controller

    • Tenure: 0yrs
  • Josephine Chow (37yo)

    Chief Operating Officer

    • Tenure: 0yrs
  • Carolyn Goh

    Director of Corporate Communications & Marketing

    • Tenure: 0yrs

Board Members

  • Alan Lim (53yo)

    Co-Founder & Executive Director

    • Tenure: 0yrs
  • Benjamin Kan (63yo)

    Non-Executive Independent Director

    • Tenure: 0yrs
  • Kelvin Fong (43yo)

    Executive Director

    • Tenure: 0yrs
  • Mohamed Ismail Gafoore (55yo)

    Co-Founder

    • Tenure: 0yrs
  • Ahmad Bin Mohamed Magad (67yo)

    Non-Executive Lead Independent Director

    • Tenure: 0yrs
  • Wee Siong Low (41yo)

    Non-Executive Independent Director

    • Tenure: 0yrs

Company Information

PropNex Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PropNex Limited
  • Ticker: OYY
  • Exchange: SGX
  • Founded: 1996
  • Industry: Real Estate Services
  • Sector: Real Estate
  • Market Cap: S$188.700m
  • Shares outstanding: 370.00m
  • Website: https://www.propnex.com

Number of Employees


Location

  • PropNex Limited
  • 480 Lorong 6 Toa Payoh
  • HDB HUB East Wing No 10-01
  • Singapore
  • 310480
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OYYSGX (Singapore Exchange)YesOrdinary SharesSGSGDJul 2018

Biography

PropNex Limited provides an integrated real estate services in Singapore. It operates through five segments: Real Estate Agency Services, Real Estate Project Marketing Services, Administrative Support Serv ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 13:02
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.