Loading...

PropNex

SGX:OYY
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OYY
SGX
SGD228M
Market Cap
  1. Home
  2. SG
  3. Real Estate
Company description

PropNex Limited provides an integrated real estate services in Singapore. The last earnings update was 12 days ago. More info.


Add to Portfolio Compare Print
OYY Share Price and Events
7 Day Returns
0%
SGX:OYY
0.5%
SG Real Estate
0.3%
SG Market
1 Year Returns
-
SGX:OYY
-7%
SG Real Estate
-6.2%
SG Market
OYY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PropNex (OYY) 0% 4.2% 19.4% - - -
SG Real Estate 0.5% 2.5% 6.4% -7% 6% -4.9%
SG Market 0.3% 3.1% 3.7% -6.2% 8.5% -3%
1 Year Return vs Industry and Market
  • No trading data on OYY.
  • No trading data on OYY.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is PropNex undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PropNex to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PropNex.

SGX:OYY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:OYY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.099 (1 + (1- 17%) (0%))
1.066
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (1.066 * 5.96%)
8.66%

Discounted Cash Flow Calculation for SGX:OYY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PropNex is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:OYY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 8.66%)
2019 21.27 Est @ -1.91% 19.57
2020 21.13 Est @ -0.64% 17.90
2021 21.18 Est @ 0.24% 16.51
2022 21.36 Est @ 0.86% 15.33
2023 21.64 Est @ 1.29% 14.29
2024 21.98 Est @ 1.6% 13.36
2025 22.38 Est @ 1.81% 12.52
2026 22.82 Est @ 1.96% 11.74
2027 23.29 Est @ 2.06% 11.03
2028 23.79 Est @ 2.13% 10.37
Present value of next 10 years cash flows SGD142.61
SGX:OYY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD23.79 × (1 + 2.3%) ÷ (8.66% – 2.3%)
SGD382.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD382.92 ÷ (1 + 8.66%)10
SGD166.91
SGX:OYY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD142.61 + SGD166.91
SGD309.52
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD309.52 / 370.00
SGD0.84
SGX:OYY Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD0.84
Current discount Discount to share price of SGD0.62
= -1 x (SGD0.62 - SGD0.84) / SGD0.84
26.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price PropNex is available for.
Intrinsic value
26%
Share price is SGD0.615 vs Future cash flow value of SGD0.83654
Current Discount Checks
For PropNex to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PropNex's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PropNex's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PropNex's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PropNex's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:OYY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.06
SGX:OYY Share Price ** SGX (2019-04-18) in SGD SGD0.62
Singapore Real Estate Industry PE Ratio Median Figure of 38 Publicly-Listed Real Estate Companies 9.52x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PropNex.

SGX:OYY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:OYY Share Price ÷ EPS (both in SGD)

= 0.62 ÷ 0.06

10.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PropNex is overvalued based on earnings compared to the SG Real Estate industry average.
  • PropNex is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does PropNex's expected growth come at a high price?
Raw Data
SGX:OYY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
8.3%per year
Singapore Real Estate Industry PEG Ratio Median Figure of 14 Publicly-Listed Real Estate Companies -0.16x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.63x

*Line of best fit is calculated by linear regression .

SGX:OYY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.74x ÷ 8.3%

1.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PropNex is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on PropNex's assets?
Raw Data
SGX:OYY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD0.18
SGX:OYY Share Price * SGX (2019-04-18) in SGD SGD0.62
Singapore Real Estate Industry PB Ratio Median Figure of 46 Publicly-Listed Real Estate Companies 0.59x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:OYY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:OYY Share Price ÷ Book Value per Share (both in SGD)

= 0.62 ÷ 0.18

3.4x

* Primary Listing of PropNex.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PropNex is overvalued based on assets compared to the SG Real Estate industry average.
X
Value checks
We assess PropNex's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. PropNex has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PropNex expected to grow at an attractive rate?
  • PropNex's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • PropNex's earnings growth is expected to exceed the Singapore market average.
  • PropNex's revenue growth is positive but not above the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:OYY Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:OYY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 8.3%
SGX:OYY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.6%
Singapore Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -10.1%
Singapore Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.8%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:OYY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:OYY Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 459 31 25 1
2020-12-31 443 29 23 1
2019-12-31 410 26 21 1
SGX:OYY Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 432 23 19
2018-09-30 477 28 22
2018-06-30 452 28 20
2018-03-31 406 26 18
2017-12-31 332 24 16
2016-12-31 245 10 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PropNex's earnings are expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).
  • PropNex's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:OYY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from PropNex Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:OYY Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.07 0.07 0.07 1.00
2020-12-31 0.06 0.06 0.06 1.00
2019-12-31 0.06 0.06 0.06 1.00
SGX:OYY Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.06
2018-09-30 0.07
2018-06-30 0.06
2018-03-31 0.06
2017-12-31 0.05
2016-12-31 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • PropNex is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess PropNex's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PropNex has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has PropNex performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PropNex's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if PropNex's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare PropNex's 1-year earnings growth to the 5-year average due to insufficient past data.
  • PropNex's earnings growth has exceeded the SG Real Estate industry average in the past year (19.3% vs 5.7%).
Earnings and Revenue History
PropNex's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PropNex Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:OYY Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 431.54 19.41 12.07
2018-09-30 477.25 21.91 10.89
2018-06-30 451.62 19.79 9.79
2018-03-31 406.44 18.03 9.32
2017-12-31 331.85 16.27 8.28
2016-12-31 245.03 7.62 8.55
2015-12-31 204.77 6.54 8.36

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • PropNex has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • PropNex used its assets more efficiently than the SG Real Estate industry average last year based on Return on Assets.
  • PropNex's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PropNex's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PropNex has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is PropNex's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up PropNex's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PropNex is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PropNex's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PropNex's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • PropNex has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PropNex Company Filings, last reported 3 months ago.

SGX:OYY Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 70.40 0.00 76.19
2018-09-30 68.52 0.00 76.20
2018-06-30 60.19 0.00 28.07
2018-03-31 21.16 0.00 28.05
2017-12-31 21.16 0.00 28.05
2016-12-31 13.03 0.00 16.37
2015-12-31 10.84 0.00 13.21
  • PropNex has no debt.
  • PropNex has not taken on any debt in the past 5 years.
  • PropNex has no debt, it does not need to be covered by operating cash flow.
  • PropNex has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess PropNex's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PropNex has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.44%
Current annual income from PropNex dividends.
If you bought SGD2,000 of PropNex shares you are expected to receive SGD49 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • PropNex's pays a lower dividend yield than the bottom 25% of dividend payers in Singapore (2.5%).
  • PropNex's dividend is below the markets top 25% of dividend payers in Singapore (5.46%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:OYY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Singapore Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:OYY Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
SGX:OYY Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-04-09 0.015 2.457
2019-02-25 0.015 2.562

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether PropNex has stable dividend payments.
  • PropNex only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of PropNex's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess PropNex's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PropNex afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PropNex has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mohamed Ismail
AGE 54
CEO Bio

Mr. Mohamed Ismail is Co-founder, Executive Chairman and CEO of PropNex Limited. Mr. Ismail has more than 20 years of experience in the real estate industry, has an intimate understanding of the industry and PropNex business. He is responsible for PropNex Group’s strategic direction and oversees business operations of the Group as a whole including functions such as compliance, finance, human resources, legal, marketing, operations, sales and information technology. Prior to joining the real estate industry and subsequently founding Nooris Consultants Pte. Ltd. in 1996, Ismail served as an officer in the Singapore Armed Forces and has continued service to the nation as part of the military reserve force. Ismail currently holds the rank of Colonel (NS) in the Singapore Armed Forces. Please refer to the section in this Prospectus entitled “Our Business – History and Development” for details on how Ismail co-founded PropNex Group. Ismail holds a bachelor’s degree in Land Economics and an IBMEC higher diploma in Real Estate & Property Management from the University of Technology, Sydney. He is presently a member of the Lifelong Learning Council, a 15-member community led council set up by the Workforce Development Agency of Singapore. From 2010 to 2012, Ismail served as the President of the Institute of Estate Agents. Over the years, Ismail received numerous awards including SMCCI Entrepreneur of the Year Award (2004), Spirit of Enterprise Award (2004), Association of Small and Medium Enterprises’ Top Entrepreneur of the Year (2008), Overall Entrepreneur for eCommerce Awards of the Year (2008) and the Singapore Indian Chamber of Commerce and Industry’s Overall Indian Entrepreneur of the Year Award (Large Enterprise) (2008) and Nexia-TS Entrepreneur of the Year (2015). Most recently in 2017, he received the Berita Harian Business Achiever Award in recognition of his years in the real estate industry and for being an exemplary role model to the Malay/Muslim community in Singapore.

CEO Compensation
  • Insufficient data for Mohamed to compare compensation growth.
  • Insufficient data for Mohamed to establish whether their remuneration is reasonable compared to companies of similar size in Singapore.
Management Team

Mohamed Ismail

TITLE
Executive Chairman & CEO
AGE
54

Yew Meng Cheong

TITLE
Chief Financial Officer
TENURE
0.2 yrs

Josephine Chow

TITLE
Chief Operating Officer
AGE
36

Alan Lim

TITLE
Executive Director
AGE
52

Kelvin Fong

TITLE
Executive Director
AGE
43

Johnsonwill Hon

TITLE
Financial Controller
AGE
44

Yong Hock Lim

TITLE
Key Executive Officer
AGE
45
Board of Directors

Mohamed Ismail

TITLE
Executive Chairman & CEO
AGE
54

Alan Lim

TITLE
Executive Director
AGE
52

Kelvin Fong

TITLE
Executive Director
AGE
43

Ahmad Bin Mohamed Magad

TITLE
Non-Executive Lead Independent Director
AGE
66

Benjamin Kan

TITLE
Non-Executive Independent Director
AGE
62

Wee Siong Low

TITLE
Non-Executive Independent Director
AGE
40
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by PropNex insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
27. Mar 19 Buy Mohamed Ismail Gafoore Individual 26. Mar 19 26. Mar 19 200,000 SGD0.59 SGD117,000
26. Mar 19 Buy Mohamed Ismail Gafoore Individual 25. Mar 19 25. Mar 19 300,000 SGD0.59 SGD177,000
27. Feb 19 Buy Mohamed Ismail Gafoore Individual 26. Feb 19 26. Feb 19 100,000 SGD0.56 SGD56,000
12. Dec 18 Buy Tow Huat Lim Individual 12. Dec 18 12. Dec 18 100,000 SGD0.52 SGD52,000
12. Oct 18 Buy Tow Huat Lim Individual 11. Oct 18 11. Oct 18 65,000 SGD0.09 SGD5,982
11. Oct 18 Buy Tow Huat Lim Individual 10. Oct 18 10. Oct 18 100,000 SGD0.54 SGD54,000
11. Sep 18 Buy Tow Huat Lim Individual 10. Sep 18 10. Sep 18 20,000 SGD0.54 SGD10,850
29. Aug 18 Buy Tow Huat Lim Individual 28. Aug 18 28. Aug 18 35,000 SGD0.56 SGD19,751
28. Aug 18 Buy Tow Huat Lim Individual 24. Aug 18 24. Aug 18 50,000 SGD0.56 SGD27,750
18. Jul 18 Buy Tow Huat Lim Individual 17. Jul 18 17. Jul 18 128,000 SGD0.60 SGD76,160
17. Jul 18 Buy Tow Huat Lim Individual 16. Jul 18 16. Jul 18 141,900 SGD0.59 SGD83,012
16. Jul 18 Buy Tow Huat Lim Individual 13. Jul 18 13. Jul 18 210,000 SGD0.58 SGD122,703
13. Jul 18 Buy Tow Huat Lim Individual 12. Jul 18 12. Jul 18 30,000 SGD0.58 SGD17,400
12. Jul 18 Buy Tow Huat Lim Individual 11. Jul 18 11. Jul 18 517,100 SGD0.58 SGD299,815
12. Jul 18 Buy Tow Huat Lim Individual 10. Jul 18 10. Jul 18 200,000 SGD0.59 SGD117,500
07. Jan 19 Buy Mohamed Ismail Gafoore Individual 04. Jan 19 04. Jan 19 150,000 SGD0.46 SGD69,330
02. Jan 19 Buy Mohamed Ismail Gafoore Individual 31. Dec 18 31. Dec 18 100,000 SGD0.48 SGD48,170
28. Dec 18 Buy Mohamed Ismail Gafoore Individual 27. Dec 18 27. Dec 18 100,000 SGD0.49 SGD48,850
27. Dec 18 Buy Keng-Seong Fong Individual 26. Dec 18 26. Dec 18 5,800 SGD0.49 SGD2,813
27. Dec 18 Buy Mohamed Ismail Gafoore Individual 26. Dec 18 26. Dec 18 100,000 SGD0.49 SGD49,000
19. Dec 18 Buy Mohamed Ismail Gafoore Individual 18. Dec 18 18. Dec 18 100,000 SGD0.51 SGD50,500
18. Dec 18 Buy Mohamed Ismail Gafoore Individual 17. Dec 18 17. Dec 18 150,000 SGD0.51 SGD76,605
14. Dec 18 Buy Keng-Seong Fong Individual 13. Dec 18 13. Dec 18 93,000 SGD0.51 SGD47,895
13. Dec 18 Buy Mohamed Ismail Gafoore Individual 12. Dec 18 12. Dec 18 50,000 SGD0.52 SGD26,000
13. Dec 18 Buy Ahmad Bin Mohamed Magad Individual 10. Dec 18 11. Dec 18 30,000 SGD0.52 SGD15,602
12. Dec 18 Buy Mohamed Ismail Gafoore Individual 11. Dec 18 11. Dec 18 100,000 SGD0.52 SGD52,000
10. Dec 18 Buy Keng-Seong Fong Individual 07. Dec 18 07. Dec 18 40,000 SGD0.53 SGD21,000
07. Dec 18 Buy Keng-Seong Fong Individual 06. Dec 18 06. Dec 18 40,000 SGD0.53 SGD21,000
06. Dec 18 Buy Mohamed Ismail Gafoore Individual 05. Dec 18 05. Dec 18 100,000 SGD0.53 SGD52,500
28. Nov 18 Buy Mohamed Ismail Gafoore Individual 27. Nov 18 27. Nov 18 100,000 SGD0.54 SGD53,600
15. Oct 18 Buy Mohamed Ismail Gafoore Individual 11. Oct 18 11. Oct 18 400,000 SGD0.53 SGD211,240
26. Sep 18 Buy Mohamed Ismail Gafoore Individual 25. Sep 18 25. Sep 18 276,400 SGD0.54 SGD150,085
20. Sep 18 Buy Mohamed Ismail Gafoore Individual 18. Sep 18 19. Sep 18 200,000 SGD0.54 SGD108,323
20. Sep 18 Buy Mohamed Ismail Gafoore Individual 21. Jul 18 21. Jul 18 420,700 SGD0.58 SGD245,773
20. Sep 18 Buy Mohamed Ismail Gafoore Individual 16. Jul 18 16. Jul 18 150,000 SGD0.59 SGD87,750
20. Sep 18 Buy Mohamed Ismail Gafoore Individual 15. Aug 18 15. Aug 18 100,000 SGD0.57 SGD57,380
20. Sep 18 Buy Mohamed Ismail Gafoore Individual 11. Jul 18 11. Jul 18 1,300,900 SGD0.58 SGD758,684
13. Sep 18 Buy Mohamed Ismail Gafoore Individual 12. Sep 18 12. Sep 18 35,000 SGD0.54 SGD18,725
17. Sep 18 Buy Mohamed Ismail Gafoore Individual 14. Sep 18 14. Sep 18 100,000 SGD0.10 SGD9,755
14. Sep 18 Buy Mohamed Ismail Gafoore Individual 13. Sep 18 13. Sep 18 100,000 SGD0.55 SGD54,710
12. Sep 18 Buy Mohamed Ismail Gafoore Individual 11. Sep 18 11. Sep 18 100,000 SGD0.54 SGD53,500
11. Sep 18 Buy Mohamed Ismail Gafoore Individual 10. Sep 18 10. Sep 18 100,000 SGD0.54 SGD54,250
10. Sep 18 Buy Mohamed Ismail Gafoore Individual 07. Sep 18 07. Sep 18 100,000 SGD0.10 SGD9,650
04. Sep 18 Buy Mohamed Ismail Gafoore Individual 03. Sep 18 03. Sep 18 50,000 SGD0.56 SGD27,950
03. Sep 18 Buy Mohamed Ismail Gafoore Individual 31. Aug 18 31. Aug 18 10,000 SGD0.57 SGD5,650
27. Aug 18 Buy Mohamed Ismail Gafoore Individual 24. Aug 18 24. Aug 18 150,000 SGD0.56 SGD83,895
27. Aug 18 Buy Keng-Seong Fong Individual 24. Aug 18 24. Aug 18 8,200 SGD0.56 SGD4,551
23. Aug 18 Buy Mohamed Ismail Gafoore Individual 21. Aug 18 21. Aug 18 100,000 SGD0.57 SGD56,740
20. Aug 18 Buy Mohamed Ismail Gafoore Individual 17. Aug 18 17. Aug 18 100,000 SGD0.57 SGD57,350
17. Aug 18 Buy Mohamed Ismail Gafoore Individual 16. Aug 18 16. Aug 18 150,000 SGD0.58 SGD86,940
16. Aug 18 Buy Keng-Seong Fong Individual 15. Aug 18 15. Aug 18 63,900 SGD0.57 SGD36,564
15. Aug 18 Buy Keng-Seong Fong Individual 14. Aug 18 14. Aug 18 36,100 SGD0.58 SGD20,938
14. Aug 18 Buy Keng-Seong Fong Individual 13. Aug 18 13. Aug 18 49,900 SGD0.59 SGD29,191
19. Jul 18 Buy Keng-Seong Fong Individual 18. Jul 18 18. Jul 18 50,000 SGD0.60 SGD29,750
17. Jul 18 Buy Keng-Seong Fong Individual 16. Jul 18 16. Jul 18 50,000 SGD0.59 SGD29,250
16. Jul 18 Buy Mohamed Ismail Gafoore Individual 13. Jul 18 13. Jul 18 380,000 SGD0.58 SGD221,920
13. Jul 18 Buy Mohamed Ismail Gafoore Individual 12. Jul 18 12. Jul 18 420,700 SGD0.58 SGD245,773
13. Jul 18 Buy Ahmad Bin Mohamed Magad Individual 13. Jul 18 13. Jul 18 30,000 SGD0.59 SGD17,550
12. Jul 18 Buy Keng-Seong Fong Individual 11. Jul 18 11. Jul 18 50,000 SGD0.58 SGD28,750
12. Jul 18 Buy Mohamed Ismail Gafoore Individual 10. Jul 18 10. Jul 18 799,100 SGD0.58 SGD466,195
X
Management checks
We assess PropNex's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PropNex has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Why PropNex Limited (SGX:OYY) Looks Like A Quality Company

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows PropNex has a return on equity of 31% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should Investors Know About PropNex Limited's (SGX:OYY) Earnings Outlook?

PropNex Limited's (SGX:OYY) released its most recent earnings update in December 2018, whicha … confirmed

Simply Wall St -

Is PropNex Limited's (SGX:OYY) P/E Ratio Really That Good?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … That corresponds to an earnings yield of approximately 13%. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Brief Commentary On PropNex Limited's (SGX:OYY) Fundamentals

Today I've chosen to put the spotlight on PropNex Limited (SGX:OYY) due to its excellent fundamentals in more than one area. … is a company that has been able to sustain great financial health, trading at an attractive share price. … Below, I've touched on some key aspects you should know on a high level.

Simply Wall St -

Read This Before Selling PropNex Limited (SGX:OYY) Shares

So before you buy or sell PropNex Limited (SGX:OYY), you may well want to know whether insiders have been buying or selling. … In the last twelve months, the biggest single purchase by an insider was when Mohamed Ismail Gafoore bought S$759k worth of shares at a price of S$0.58 per share. … In the last twelve months there was more buying than selling by PropNex insiders

Simply Wall St -

Are PropNex Limited's (SGX:OYY) Interest Costs Too High?

PropNex Limited (SGX:OYY), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Is financial flexibility worth the lower cost of capital. … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital

Simply Wall St -

Should You Be Impressed By PropNex Limited's (SGX:OYY) ROE?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows PropNex has a return on equity of 38% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is PropNex Limited's (SGX:OYY) PE Ratio A Signal To Buy For Investors?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to learn about the link between company’s fundamentals and stock market performance. … While OYY might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.

Simply Wall St -

What Makes PropNex Limited (SGX:OYY) An Attractive Investment?

PropNex Limited (SGX:OYY) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … is a company that has been able to sustain great financial health, trading at an attractive share price.

Simply Wall St -

Company Info

Description

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 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. The Real Estate Project Marketing Services is involved in the sale of new private residential development projects for third-party property developers in Singapore and internationally. The Administrative Support Services provides other ancillary services. The Property Management segment offers property management, building diagnostics, and facility management solutions, including property and facility maintenance, communal and lifestyle services, security management, defects resolution, project management, contractors' accreditation, and facility management system. The Training Services segment offers real estate related courses and training programs to salespersons. The company was founded in 1996 and is based in Singapore.

Details
Name: PropNex Limited
OYY
Exchange: SGX
Founded: 1996
SGD227,550,000
370,000,000
Website: http://www.propnex.com
Address: PropNex Limited
480 Lorong 6 Toa Payoh,
HDB HUB East Wing No 10-01,
Singapore,
310480,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX OYY Ordinary Shares Singapore Exchange SG SGD 02. Jul 2018
Number of employees
Current staff
Staff numbers
163
PropNex employees.
Industry
Real Estate Services
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 13:07
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/02/27
Last earnings filing: 2019/04/09
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.