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Debao Property Development Ltd.
(SGX:BTF)
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Rating:43Neutral
Price Target:―
Action:Reiterated
Date:10/03/26
The score is held down primarily by weak financial performance: persistent deep net losses, declining revenue, and an extremely leveraged balance sheet with thin equity. Positive operating/free cash flow and strong gross margins provide some support, but technical and valuation inputs are limited and do not offset the balance-sheet and profitability risks.
Positive Factors
Strong Gross Margin
TTM gross margin near 62.5% indicates project-level economics retain substantial value capture before below-the-line costs. If sustained, this margin provides room to fund operations and absorb some cost pressure, even though it has not yet produced net profit.
Negative Factors
Persistent Deep Net Losses
Net margin near -97%, with similarly large losses in prior periods, shows that operating profitability is being overwhelmed by below-the-line costs, impairments or other charges. Persistent losses erode equity and make durable earnings conversion a central business risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Gross Margin
TTM gross margin near 62.5% indicates project-level economics retain substantial value capture before below-the-line costs. If sustained, this margin provides room to fund operations and absorb some cost pressure, even though it has not yet produced net profit.
Read all positive factors
Debao Property Development Ltd. (BTF) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$9.60M
Dividend Yield0%
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)N/A
Revenue Growth-53.89%
EPS Growth-28.48%
CountrySG
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.81
Shares Outstanding74,999,690
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.35
Price to Sales (P/S)0.64
P/FCF Ratio1.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
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
Debao Property Development Ltd. Business Overview & Revenue Model
Company Description
Debao Property Development Limited operates as an investment holding company, primarily engaged in the development and construction of various real estate assets. The company structures its operations into several distinct business segments: Prope...
Debao Property Development Ltd. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
12
Very Negative
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 76.88M | 81.36M | 129.40M |
| Gross Profit | 48.07M | 48.35M | 60.04M |
| EBITDA | 8.84M | -7.68M | 45.09M |
| Net Income | -74.51M | -74.83M | -69.39M |
Balance Sheet | |||
| Total Assets | 3.59B | 3.64B | 3.65B |
| Cash, Cash Equivalents and Short-Term Investments | 2.00M | 2.50M | 13.20M |
| Total Debt | 1.87B | 1.88B | 1.92B |
| Total Liabilities | 3.54B | 3.56B | 3.53B |
| Stockholders Equity | 130.61M | 150.30M | 182.50M |
Cash Flow | |||
| Free Cash Flow | 53.24M | 28.41M | 76.00K |
| Operating Cash Flow | 53.47M | 28.46M | 266.00K |
| Investing Cash Flow | -1.73M | -2.12M | -1.28M |
| Financing Cash Flow | -60.39M | -36.91M | 7.42M |
Debao Property Development Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
SG:BTF
Debao Property Development Ltd.
―
―
―
SG:1C0
Emerging Towns & Cities Singapore Ltd
0.01
-0.02
-70.59%
SG:1F3
Aspen (Group) Holdings Ltd.
0.02
-0.02
-51.16%
SG:1H2
Olive Tree Estates Limited
0.10
-0.02
-20.83%
SG:5PC
Goodland Group Ltd.
0.11
>-0.01
-3.64%
SG:BCD
China Yuanbang Property Holdings Ltd.
0.15
0.00
0.00%
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.