Frasers Logistics & Commercial Trust (BUOU) AI Stock Analysis

• Market Cap: $3.55B
• Dividend Yield: 7.72%
• Average Volume (3M): 10.33M
• Price to Earnings (P/E): 26.3
• Beta (1Y): 0.87
• Revenue Growth: 11.98%
• EPS Growth: N/A
• Country: SG
• Employees: 22
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Industrial
• EPS (TTM): 0.02
• Shares Outstanding: 3,778,192,600
• 10 Day Avg. Volume: 7,560,240
• 30 Day Avg. Volume: 10,333,340
• PEG Ratio: -0.12
• Price to Book (P/B): 1.01
• Price to Sales (P/S): 9.66
• P/FCF Ratio: 19.34
• Enterprise Value/Market Cap: 1.69
• Enterprise Value/Revenue: 12.45
• Enterprise Value/Gross Profit: 37.65
• Enterprise Value/Ebitda: 18.82
• 1Y Price Target: $0.90
• Price Target Upside: -4.45% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: S$1.00 ▲(6.38% Upside)

Frasers Logistics & Commercial Trust scores well due to strong technical indicators and a stable financial position with healthy profit margins. However, the high P/E ratio and challenges in profitability and cash flow growth slightly dampen the overall score. The high dividend yield is a significant positive factor for income-focused investors.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a positive trend and reflects the trust's ability to capitalize on demand in the logistics sector, supporting long-term stability.

Strong Profit Margins

High profit margins demonstrate operational efficiency and effective cost management, contributing to sustainable profitability and competitive advantage.

Strategic Financing

Strategic financing through long-term notes enhances financial flexibility, supporting growth initiatives and refinancing needs, which is crucial for long-term expansion.

Negative Factors

Decline in Free Cash Flow Growth

A decline in free cash flow growth may affect the trust's ability to fund operations and investments, potentially limiting financial flexibility and growth prospects.

Low Return on Equity

Low ROE indicates inefficiency in generating profits from equity, which could deter investors seeking higher returns and affect long-term shareholder value.

Management Stability Clause

Management stability clauses in loan agreements could restrict operational flexibility and impose constraints on leadership changes, affecting strategic decisions.

Frasers Logistics & Commercial Trust Business Overview & Revenue Model

Company Description

Frasers Logistics & Commercial Trust (BUOU) is a leading real estate investment trust (REIT) that focuses on the logistics and commercial sectors across Asia-Pacific. The trust primarily invests in a diversified portfolio of high-quality logistics and industrial properties, as well as commercial assets, aiming to provide sustainable returns through rental income and capital appreciation. With a strategic emphasis on prime locations and long-term lease agreements, Frasers Logistics & Commercial Trust seeks to capitalize on the growing demand for logistics facilities driven by e-commerce and supply chain optimization.

How the Company Makes Money

Frasers Logistics & Commercial Trust generates revenue primarily through rental income from its portfolio of properties, which includes logistics and commercial assets. The trust leases these properties to a diverse range of tenants, including logistics operators, e-commerce companies, and traditional retail businesses, often under long-term leases that provide stability and predictability in cash flows. Additionally, the trust may benefit from capital appreciation of its properties over time. Significant partnerships with established brands and tenants enhance the trust's occupancy rates and rental income, while a disciplined acquisition strategy allows it to expand its portfolio and leverage growth opportunities in the logistics sector.

Frasers Logistics & Commercial Trust Financial Statement Overview

Summary

Frasers Logistics & Commercial Trust has shown a strong recovery in financial performance, with significant revenue and net income growth. The balance sheet is stable with a healthy equity ratio, though leverage is moderate. Cash flow generation is robust, indicating efficient financial management.

Income Statement

Frasers Logistics & Commercial Trust has demonstrated solid revenue growth over the past year, with a notable increase from 2023 to 2024. The gross profit margin remains robust at approximately 74.5% for 2024. However, the company experienced a negative EBIT and EBITDA in 2023, which has since recovered significantly in 2024. Net profit margin has improved to 29.9% after a negative result in 2023, indicating a strong turnaround.

Balance Sheet

The balance sheet shows a healthy equity ratio of 59.8% in 2024, indicating a strong asset base relative to liabilities. However, the debt-to-equity ratio stands at 56.5%, reflecting moderate leverage. The return on equity has improved from negative in 2023 to 3.5% in 2024, signaling a positive trend in profitability.

Cash Flow

The company has shown impressive growth in free cash flow, with a significant increase of 58.3% from 2023 to 2024. The operating cash flow to net income ratio is strong at 2.11, indicating efficient cash generation relative to net income. The free cash flow to net income ratio is also favorable at 1.51, highlighting effective cash utilization.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	482.35M	446.67M	420.78M	450.19M	469.33M	332.03M
Gross Profit	159.49M	321.13M	314.13M	347.92M	365.82M	269.18M
EBITDA	319.02M	281.62M	-24.95M	902.74M	922.08M	567.62M
Net Income	134.28M	147.53M	-103.03M	728.64M	731.11M	454.72M
Balance Sheet
Total Assets	7.16B	7.14B	6.94B	7.41B	7.68B	6.73B
Cash, Cash Equivalents and Short-Term Investments	131.91M	133.57M	152.74M	220.73M	140.37M	168.65M
Total Debt	2.61B	2.41B	2.16B	2.10B	2.84B	2.62B
Total Liabilities	2.99B	2.81B	2.51B	2.52B	3.06B	2.93B
Stockholders Equity	4.08B	4.27B	4.38B	4.84B	4.57B	3.77B
Cash Flow
Free Cash Flow	221.57M	223.16M	140.99M	141.51M	231.37M	182.11M
Operating Cash Flow	309.78M	311.37M	302.25M	269.13M	260.26M	182.16M
Investing Cash Flow	-208.39M	-263.66M	-128.31M	523.51M	-325.41M	-453.50M
Financing Cash Flow	-65.82M	-67.38M	-243.09M	-737.69M	-4.79M	323.22M

Frasers Logistics & Commercial Trust Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.94
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BUOU, the sentiment is Neutral. The current price of 0.94 is below the 20-day moving average (MA) of 0.96, below the 50-day MA of 0.95, and above the 200-day MA of 0.87, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 39.25 is Neutral, neither overbought nor oversold. The STOCH value of 16.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:BUOU.

Frasers Logistics & Commercial Trust Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DHLU	73 Outperform	S$402.43M	13.40	5.87%	8.04%	-5.80%	-27.16%
BUOU	72 Outperform	$3.55B	26.33	3.21%	7.72%	11.98%	―
O5RU	70 Outperform	S$1.13B	34.24	3.38%	6.96%	1.72%	-21.69%
ME8U	69 Neutral	S$5.99B	18.06	6.70%	6.21%	-1.96%	175.59%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
M44U	64 Neutral	$6.72B	31.73	3.18%	5.70%	-1.81%	-18.43%
9A4U	56 Neutral	S$2.24B	-19.62	-4.88%	6.64%	10.51%	-40.93%

Frasers Logistics & Commercial Trust Corporate Events

Frasers Logistics & Commercial Trust Secures USD 50 Million Loan Facility

Frasers Logistics & Commercial Trust has entered into a USD 50 million loan facility agreement with The HongKong and Shanghai Banking Corporation Limited, Singapore Branch. The agreement includes a condition that mandates prepayment if there is a change in the management of FLCT without the lender’s consent, potentially impacting the company’s financial operations and stakeholder interests.

Frasers Logistics & Commercial Trust Issues New Units for Management Fees

Frasers Logistics & Commercial Trust announced the issuance of 8,247,948 new units to pay management fees for the period from April to June 2025. This move reflects the company’s strategy to manage its financial obligations through equity, potentially impacting its unit holders and market position by altering the unit distribution and financial structure.

Frasers Logistics & Commercial Trust Prices S$100 Million Notes for Strategic Financing

Frasers Logistics & Commercial Trust has announced the pricing of S$100 million in notes due 2034, under its S$1 billion Multicurrency Debt Issuance Programme. The proceeds from these notes, which are rated ‘BBB+’ by Fitch Ratings, will be used for refinancing existing borrowings, financing acquisitions, and general corporate purposes, potentially impacting the company’s financial flexibility and growth strategy.

Frasers Logistics & Commercial Trust Secures S$200 Million Loan with Management Stability Clause

Frasers Logistics & Commercial Trust has announced a significant loan facility agreement involving a S$200 million sustainability-linked loan with DBS Bank Ltd. The agreement includes a condition that mandates prepayment if there is a change in the manager of FLCT without the lender’s consent, or if Frasers Property Limited’s control over the manager falls below 50%. This condition underscores the importance of stability in management for maintaining financial arrangements and could impact the trust’s operational flexibility.