SGX:OYY

Stock Analysis Report

Executive Summary

PropNex Limited provides an integrated real estate services in Singapore.

Snowflake

Fundamentals

Flawless balance sheet and fair value.

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

-1.1%

SG Real Estate

-1.3%

SG Market


1 Year Return

-9.1%

OYY

-5.1%

SG Real Estate

-2.5%

SG Market

OYY underperformed the Real Estate industry which returned -5.1% over the past year.

OYY underperformed the Market in Singapore which returned -2.5% over the past year.


Share holder returns

OYYIndustryMarket
7 Day-1.0%-1.1%-1.3%
30 Day-2.0%-0.5%0.5%
90 Day-6.5%-5.6%-4.6%
1 Year-1.2%-9.1%-2.1%-5.1%1.5%-2.5%
3 Yearn/a3.3%-5.0%16.0%3.6%
5 Yearn/a-0.8%-13.9%9.2%-9.0%

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

40%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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, and at a substantial discount (> 40%).


Price Based on Earnings

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

PropNex is poor value based on expected growth next year.


Price Based on Value of Assets

PropNex is overvalued based on assets compared to the SG Real Estate industry average.


Next Steps

Future Growth

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

5.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

PropNex's revenue is expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).

PropNex's earnings are expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).

PropNex's revenue growth is positive but not above the Singapore market average.

PropNex's earnings growth is positive but not above the Singapore market average.

PropNex's earnings growth is expected to exceed the low risk savings rate of 2.3%.


Earnings per Share Growth Estimates


Future Return on Equity

PropNex is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


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

PropNex has delivered over 20% year on year earnings growth in the past 5 years.

PropNex's 1-year earnings growth is negative, it can't be compared to the 5-year average.

PropNex's 1-year earnings growth is negative, it can't be compared to the SG Real Estate industry average.


Return on Equity

PropNex has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

PropNex used its assets more efficiently than the SG Real Estate industry average last year based on Return on Assets.


Return on Capital Employed

PropNex's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is PropNex's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

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.


Balance Sheet

Low level of unsold assets.

PropNex has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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

7.20%

Expected Dividend Yield


Dividend Yield and Payments Analysis

PropNex's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.52%).

PropNex's dividend is below the markets top 25% of dividend payers in Singapore (5.66%).

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

Dividends paid are covered by earnings (1.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.2x coverage).


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

No 3 month open market individual insider trading information.


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 Gafoore
EntityIndividual
Shares194,000
Max PriceS$0.49
BuyS$211,85429 May 19
Mohamed Gafoore
EntityIndividual
Shares415,400
Max PriceS$0.51
BuyS$171,37916 May 19
Mohamed Gafoore
EntityIndividual
Shares339,500
Max PriceS$0.50
BuyS$117,00027 Mar 19
Mohamed Gafoore
EntityIndividual
Shares200,000
Max PriceS$0.58
BuyS$177,00026 Mar 19
Mohamed Gafoore
EntityIndividual
Shares300,000
Max PriceS$0.59
BuyS$56,00027 Feb 19
Mohamed Gafoore
EntityIndividual
Shares100,000
Max PriceS$0.56
BuyS$69,33007 Jan 19
Mohamed Gafoore
EntityIndividual
Shares150,000
Max PriceS$0.46
BuyS$48,17002 Jan 19
Mohamed Gafoore
EntityIndividual
Shares100,000
Max PriceS$0.48
BuyS$48,85028 Dec 18
Mohamed Gafoore
EntityIndividual
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 Gafoore
EntityIndividual
Shares100,000
Max PriceS$0.49
BuyS$50,50019 Dec 18
Mohamed Gafoore
EntityIndividual
Shares100,000
Max PriceS$0.51
BuyS$76,60518 Dec 18
Mohamed Gafoore
EntityIndividual
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 Gafoore
EntityIndividual
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 Gafoore
EntityIndividual
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 Gafoore
EntityIndividual
Shares100,000
Max PriceS$0.53
BuyS$53,60028 Nov 18
Mohamed Gafoore
EntityIndividual
Shares100,000
Max PriceS$0.54
BuyS$211,24015 Oct 18
Mohamed Gafoore
EntityIndividual
Shares400,000
Max PriceS$0.53
BuyS$5,98212 Oct 18
Tow Huat Lim
EntityIndividual
Role
Member of the Board of Directors
Co-Founder & Executive Director
Shares65,000
Max PriceS$0.092
BuyS$54,00011 Oct 18
Tow Huat Lim
EntityIndividual
Role
Member of the Board of Directors
Co-Founder & Executive Director
Shares100,000
Max PriceS$0.54
BuyS$150,08526 Sep 18
Mohamed Gafoore
EntityIndividual
Shares276,400
Max PriceS$0.54

Ownership Breakdown


Management Team

  • Alan Lim (53yo)

    Co-Founder & Executive Director

    • Tenure: 0yrs
  • Yew Meng Cheong

    Chief Financial Officer

    • Tenure: 0.6yrs
  • 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$185.000m
  • 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 Analysis2019/09/21 13:00
End of Day Share Price2019/09/20 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.