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Aseana Properties
(LSE:ASPL)
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Rating:54Neutral
Price Target:
$0.07
▲(1.43% Upside)
Action:N/A
Date:06/18/26
The score is held back mainly by financial quality concerns—especially weak 2025 cash flow despite a profit rebound and a history of volatile earnings—partly offset by improved leverage and an optically cheap P/E. Technicals are weak-to-neutral, providing limited near-term support.
Positive Factors
Improved Leverage
A materially lower debt-to-equity ratio increases financial flexibility and reduces solvency risk over the medium term. With leverage improving, the company has more headroom to fund development phasing, absorb timing mismatches in receipts, and negotiate project financing on better terms.
Negative Factors
Weak Cash Conversion
Negative free cash flow despite reported net profit signals poor cash conversion from earnings; this raises ongoing funding needs to complete projects and service obligations. If sustained, weak cash generation forces reliance on asset disposals or external capital, increasing long-term funding risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage
A materially lower debt-to-equity ratio increases financial flexibility and reduces solvency risk over the medium term. With leverage improving, the company has more headroom to fund development phasing, absorb timing mismatches in receipts, and negotiate project financing on better terms.
Read all positive factors
Aseana Properties (ASPL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
$20.28M
Dividend Yield2.67%
Average Volume (3M)0.00
Price to Earnings (P/E)2.4
Beta (1Y)-0.22
Revenue Growth-13.78%
EPS GrowthN/A
CountryUK
Employees316
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.03
Shares Outstanding289,652,500
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.31
Price to Sales (P/S)0.53
P/FCF Ratio-11.80
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Aseana Properties Business Overview & Revenue Model
Company Description
Aseana Properties Limited (ASPL.L) operates as a real estate development firm with its primary focus on Malaysia and Vietnam, additionally serving as an investment holding vehicle. The company's activities encompass the acquisition and constructio...
How the Company Makes Money
ASPL makes money primarily through (1) property development proceeds and land-related monetisation and (2) income and value realisation from investment properties/real estate holdings. In practice, this typically includes revenue and cash generati...
Aseana Properties Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
66
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.20M | 32.38M | 18.48M | 15.75M | 11.95M | 6.27M |
| Gross Profit | 18.95M | 19.77M | 14.36M | -7.14M | 11.31M | 277.00K |
| EBITDA | 12.13M | 15.29M | -1.72M | -7.62M | -17.15M | -4.26M |
| Net Income | 8.55M | 12.21M | -9.90M | -8.73M | -15.87M | -5.75M |
Balance Sheet | ||||||
| Total Assets | 126.54M | 128.51M | 129.82M | 137.36M | 157.17M | 189.11M |
| Cash, Cash Equivalents and Short-Term Investments | 2.70M | 6.19M | 5.32M | 4.27M | 7.26M | 7.11M |
| Total Debt | 20.95M | 19.38M | 28.11M | 30.73M | 32.86M | 44.01M |
| Total Liabilities | 71.38M | 72.59M | 88.13M | 80.91M | 89.37M | 98.13M |
| Stockholders Equity | 55.11M | 55.87M | 41.65M | 63.39M | 73.21M | 91.66M |
Cash Flow | ||||||
| Free Cash Flow | -9.29M | -1.45M | 4.95M | -5.63M | -4.56M | -9.87M |
| Operating Cash Flow | -4.14M | -4.00K | 5.10M | -5.48M | -4.52M | -9.83M |
| Investing Cash Flow | -5.15M | -1.45M | -32.00K | -24.00K | 10.51M | 668.00K |
| Financing Cash Flow | 3.36M | -649.00K | -3.27M | -693.00K | -8.77M | 12.04M |
Aseana Properties Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £27.15M | 20.99 | 4.34% | 1.09% | 3.71% | 29.79% | |
70 Outperform | £19.96M | 7.42 | 5.63% | 1.85% | 15.45% | 8.98% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
54 Neutral | $20.28M | 2.37 | 15.40% | 2.67% | -13.78% | ― | |
54 Neutral | £29.72M | -7.19 | -11.17% | 8.02% | -41.22% | ― | |
42 Neutral | £14.61M | -1.44 | -19.67% | 1.02% | 120.54% | 65.03% |
* Real Estate Sector Average
GB:ASPL
Aseana Properties
0.07
>-0.01
-12.50%
GB:CDFF
The Cardiff Property
2,750.00
178.64
6.95%
GB:CIC
The Conygar Investment
24.50
-4.50
-15.52%
GB:FPO
First Property
13.50
-1.47
-9.80%
GB:PCA
Palace Capital
187.00
-16.17
-7.96%
GB:ALSP
Ace Liberty & Stone Plc
40.00
11.50
40.35%
Aseana Properties Corporate Events
Business Operations and StrategyFinancial Disclosures
Aseana hands RuMa and Ormond Sandakan management to Ormond Group in related-party deal
Positive
Jul 13, 2026
Aseana Properties has signed hotel management agreements with Ormond Group for The RuMa Hotel and Residences in Kuala Lumpur and the Ormond Sandakan property in Malaysia. The deals align Aseana’s hospitality assets with Ormond’s design...
Financial DisclosuresShareholder Meetings
Aseana Properties Wins Shareholder Backing for All AGM Resolutions
Positive
May 29, 2026
Aseana Properties reported that all resolutions proposed at its 29 May 2026 Annual General Meeting were approved by shareholders. Investors backed the company’s annual audited financial statements, reappointed PKF Littlejohn LLP as auditor, ...
Regulatory Filings and ComplianceShareholder Meetings
Aseana Properties Posts 2025 Annual Report and Sets Date for AGM
Neutral
May 14, 2026
Aseana Properties has circulated its 2025 Annual Report and Notice of Annual General Meeting to shareholders, marking a key step in its regular corporate governance cycle. The documents are also available on the company’s website and via the...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.