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OYY

PropNex SGX:OYY Stock Report

Last Price

S$1.70

Market Cap

S$629.0m

7D

0.6%

1Y

29.8%

Updated

25 May, 2022

Data

Company Financials +
OYY fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance6/6
Financial Health6/6
Dividends4/6

OYY Stock Overview

PropNex Limited provides real estate services in Singapore and internationally.

PropNex Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for PropNex
Historical stock prices
Current Share PriceS$1.70
52 Week HighS$2.21
52 Week LowS$1.33
Beta0.98
1 Month Change-6.59%
3 Month Change-0.59%
1 Year Change29.77%
3 Year Change236.63%
5 Year Changen/a
Change since IPO137.76%

Recent News & Updates

Apr 28
PropNex (SGX:OYY) Is Increasing Its Dividend To S$0.07

PropNex (SGX:OYY) Is Increasing Its Dividend To S$0.07

The board of PropNex Limited ( SGX:OYY ) has announced that it will be increasing its dividend on the 20th of May to...

Shareholder Returns

OYYSG Real EstateSG Market
7D0.6%0.1%-0.4%
1Y29.8%-3.4%-2.4%

Return vs Industry: OYY exceeded the SG Real Estate industry which returned -3.4% over the past year.

Return vs Market: OYY exceeded the SG Market which returned -2.4% over the past year.

Price Volatility

Is OYY's price volatile compared to industry and market?
OYY volatility
OYY Average Weekly Movement4.3%
Real Estate Industry Average Movement4.4%
Market Average Movement5.1%
10% most volatile stocks in SG Market11.9%
10% least volatile stocks in SG Market2.4%

Stable Share Price: OYY is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: OYY's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996n/aMohamed Ismail Gafoorehttps://www.propnex.com

PropNex Limited provides real estate services in Singapore and internationally. It operates through five segments: Real Estate Agency Services, Real Estate Project Marketing Services, Administrative Support Services, Property Management Services, and Training Services. The Real Estate Agency Services segment engages in the sale and lease of public and private residential and commercial/industrial properties, including housing and development board flats and executive condominiums, private condominiums, landed properties, retail shops, offices, and factories.

PropNex Fundamentals Summary

How do PropNex's earnings and revenue compare to its market cap?
OYY fundamental statistics
Market CapS$629.00m
Earnings (TTM)S$59.37m
Revenue (TTM)S$957.49m

10.6x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OYY income statement (TTM)
RevenueS$957.49m
Cost of RevenueS$855.70m
Gross ProfitS$101.79m
Other ExpensesS$42.41m
EarningsS$59.37m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.16
Gross Margin10.63%
Net Profit Margin6.20%
Debt/Equity Ratio0%

How did OYY perform over the long term?

See historical performance and comparison

Dividends

8.2%

Current Dividend Yield

78%

Payout Ratio

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: OYY (SGD1.7) is trading below our estimate of fair value (SGD13.57)

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


Price To Earnings Ratio

PE vs Industry: OYY is poor value based on its Price-To-Earnings Ratio (10.6x) compared to the SG Real Estate industry average (10.1x).

PE vs Market: OYY is good value based on its Price-To-Earnings Ratio (10.6x) compared to the SG market (11.9x).


Price to Earnings Growth Ratio

PEG Ratio: OYY's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: OYY is overvalued based on its Price-To-Book Ratio (5.7x) compared to the SG Real Estate industry average (0.5x).


Future Growth

How is PropNex forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-4.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OYY's earnings are forecast to decline over the next 3 years (-4.8% per year).

Earnings vs Market: OYY's earnings are forecast to decline over the next 3 years (-4.8% per year).

High Growth Earnings: OYY's earnings are forecast to decline over the next 3 years.

Revenue vs Market: OYY's revenue is expected to decline over the next 3 years (-8.5% per year).

High Growth Revenue: OYY's revenue is forecast to decline over the next 3 years (-8.5% 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 (38.2%)


Past Performance

How has PropNex performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


32.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OYY has high quality earnings.

Growing Profit Margin: OYY's current net profit margins (6.2%) are higher than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: OYY's earnings have grown significantly by 32.1% per year over the past 5 years.

Accelerating Growth: OYY's earnings growth over the past year (107.8%) exceeds its 5-year average (32.1% per year).

Earnings vs Industry: OYY earnings growth over the past year (107.8%) exceeded the Real Estate industry 45.9%.


Return on Equity

High ROE: OYY's Return on Equity (57.3%) is considered outstanding.


Financial Health

How is PropNex's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: OYY's short term assets (SGD288.4M) exceed its short term liabilities (SGD180.5M).

Long Term Liabilities: OYY's short term assets (SGD288.4M) exceed its long term liabilities (SGD1.5M).


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


Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


8.24%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: OYY's dividend (8.24%) is higher than the bottom 25% of dividend payers in the SG market (2.24%).

High Dividend: OYY's dividend (8.24%) is in the top 25% of dividend payers in the SG market (5.98%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, OYY has been paying a dividend for less than 10 years.

Growing Dividend: OYY's dividend payments have increased, but the company has only paid a dividend for 3 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (77.9%), OYY's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (62.8%), OYY's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.2yrs

Average board tenure


CEO

Mohamed Ismail Gafoore (56 yo)

no data

Tenure

Mr. Mohamed Ismail Gafoore is Co-founder of PropNex Limited and serves as its Executive Chairman since January 10, 2018 and Chief Executive Officer. Mr. Gafoore serves as Chairman at P&N Holdings Pte. Ltd...


Board Members

Experienced Board: OYY's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PropNex Limited's 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
  • Implied Market Cap: S$629.000m
  • Shares outstanding: 370.00m
  • Website: https://www.propnex.com

Number of Employees


Location

  • PropNex Limited
  • 480 Lorong 6 Toa Payoh
  • 10-01 HDB Hub
  • Singapore
  • 310480
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.