Debao Property Development Ltd. (BTF) AI Stock Analysis

Debao Property Development Ltd.

(SGX:BTF)

Select Model

Rating:38Underperform

Action:reiterated

Date:10/03/26

Debao Property Development receives a deeply distressed overall score, heavily weighed down by severe financial and solvency risks. The most significant negative factors are an unmanageable $1.87 billion debt burden, a deteriorating equity base, and a deeply negative P/E ratio driven by massive net losses. While the company has demonstrated an impressive turnaround in operating cash flow, this liquidity improvement remains fundamentally insufficient to meaningfully reduce its crippling leverage or offset the broader lack of profitability.

Positive Factors

Strong Gross MarginTTM 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 LossesNet 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.

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: Property...

Debao Property Development Ltd. Financial Statement Overview

Summary

The company faces severe solvency risks with $1.87 billion in debt, a dangerously high leverage ratio, and shrinking revenues. Despite strong cash flow generation and improved gross margins, persistent net losses severely undermine its financial stability.

Income Statement

22Negative

Balance Sheet

12Very Negative

Cash Flow

68Positive

Financial statement breakdown
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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SG:BTF against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SG:BTF	38Underperform	SGD 9.60M	-0.82	-50.15%	―	-53.89%	-28.48%

* General Sector Average

Performance Comparison

SG:BTF and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SG:1C0	Emerging Towns & Cities Singapore Ltd	0.01	-0.02	-70.59%
SG:1F3	Aspen (Group) Holdings Ltd.	0.02	-0.02	-52.38%
SG:1H2	Olive Tree Estates Limited	0.10	-0.03	-21.49%
SG:5PC	Goodland Group Ltd.	0.11	-0.02	-14.52%
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.

Date of analysis: Oct 03, 2026

Debao Property Development Ltd. AI Stock Analysis