Frasers Centrepoint (J69U) AI Stock Analysis

• Market Cap: $4.64B
• Dividend Yield: 5.31%
• Average Volume (3M): 3.75M
• Price to Earnings (P/E): 21.8
• Beta (1Y): 0.20
• Revenue Growth: 10.82%
• EPS Growth: -5.02%
• Country: SG
• Employees: 27
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 0.05
• Shares Outstanding: 2,034,953,000
• 10 Day Avg. Volume: 3,364,750
• 30 Day Avg. Volume: 3,749,440
• PEG Ratio: -2.47
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 11.55
• P/FCF Ratio: 23.37
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $2.72
• Price Target Upside: 19.40% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: S$2.50 ▲(9.65% Upside)

Frasers Centrepoint Trust's overall score is driven by strong earnings call insights and technical analysis, reflecting positive operational performance and market momentum. However, financial performance concerns due to declining revenue and cash flow growth, along with a high P/E ratio, moderate the overall score.

Positive Factors

Strong Operational Performance

The company's ability to achieve positive rental reversion and increased shopper traffic indicates strong demand and effective property management, which supports long-term revenue stability and growth.

Improved Financial Metrics

Lower leverage and a strong interest coverage ratio enhance financial stability, providing flexibility for future investments and reducing risk.

Sustainability and ESG Achievements

Recognition in sustainability initiatives strengthens brand reputation and aligns with increasing investor focus on ESG factors, potentially attracting more investment.

Negative Factors

Decline in Revenue Growth

A decline in revenue growth can signal challenges in market demand or competitive pressures, potentially impacting long-term profitability and market position.

Decline in Free Cash Flow Growth

Reduced free cash flow growth limits the company's ability to reinvest in growth opportunities or return capital to shareholders, affecting future financial flexibility.

Increased Property Expenses

Rising property expenses can erode profit margins and reduce overall profitability, posing a risk to maintaining current financial performance levels.

Frasers Centrepoint Business Overview & Revenue Model

Company Description

Frasers Centrepoint Limited (FCL) is a leading integrated real estate company based in Singapore, operating across various sectors including residential, commercial, and industrial properties. The company develops, owns, and manages a diverse portfolio of properties which includes shopping malls, office buildings, and hotels, alongside residential developments. FCL is known for its commitment to sustainability and innovation in property development, providing high-quality living and working spaces.

How the Company Makes Money

Frasers Centrepoint generates revenue primarily through the leasing and sale of its properties. Key revenue streams include rental income from commercial and retail spaces, proceeds from property sales, and management fees from its real estate investment trusts (REITs). The company also benefits from strategic partnerships with local and international developers, which enhance its project pipeline and market reach. Additionally, FCL's focus on sustainable development and creating value-added services for tenants contributes to its competitive advantage and revenue stability.

Frasers Centrepoint Financial Statement Overview

Summary

Frasers Centrepoint demonstrates strong profitability and a stable balance sheet, but faces challenges with declining revenue and cash flow growth. The company's ability to maintain high profit margins despite revenue pressures is commendable, yet the decline in cash flow growth could pose risks to future financial flexibility.

Income Statement

Frasers Centrepoint's income statement shows a mixed performance. The company has experienced a significant decline in revenue growth rate (-23.25%) in the most recent year, which is concerning. However, the company maintains strong profitability metrics with a net profit margin of 56.10% and an EBIT margin of 56.73%. Despite the revenue decline, these margins indicate efficient cost management and profitability.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.49, indicating moderate leverage. The return on equity (ROE) is relatively low at 4.75%, suggesting limited returns on shareholder investments. However, the equity ratio is strong, showing that a significant portion of the company's assets is financed by equity.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth (-18.30%), which is a potential concern for future liquidity. The operating cash flow to net income ratio is 0.50, indicating that cash generation from operations is half of net income, which may impact the company's ability to reinvest or pay dividends. The free cash flow to net income ratio is relatively healthy at 0.81, showing that a substantial portion of net income is converted into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	284.59M	352.11M	369.72M	356.93M	341.15M	164.38M
Gross Profit	181.99M	215.67M	285.18M	225.04M	230.98M	110.89M
EBITDA	177.55M	199.78M	230.36M	221.82M	215.02M	178.07M
Net Income	152.63M	197.55M	211.95M	207.28M	168.63M	151.68M
Balance Sheet
Total Assets	6.38B	6.38B	6.38B	5.94B	5.90B	3.88B
Cash, Cash Equivalents and Short-Term Investments	32.87M	26.81M	32.21M	38.16M	42.23M	28.58M
Total Debt	2.03B	2.03B	2.20B	1.81B	1.81B	1.25B
Total Liabilities	2.23B	2.22B	2.40B	1.98B	1.98B	1.35B
Stockholders Equity	4.15B	4.16B	3.97B	3.96B	3.92B	2.54B
Cash Flow
Free Cash Flow	180.85M	174.02M	234.80M	227.68M	192.62M	67.02M
Operating Cash Flow	180.86M	215.67M	243.13M	233.58M	198.44M	78.13M
Investing Cash Flow	28.36M	45.19M	-356.93M	16.03M	-470.55M	-163.80M
Financing Cash Flow	-210.78M	-266.25M	107.84M	-253.68M	285.75M	101.15M

Frasers Centrepoint Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.28
• 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:J69U, the sentiment is Neutral. The current price of 2.28 is below the 20-day moving average (MA) of 2.33, below the 50-day MA of 2.31, and above the 200-day MA of 2.16, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.40 is Neutral, neither overbought nor oversold. The STOCH value of 12.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:J69U.

Frasers Centrepoint Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AJBU	76 Outperform	$5.83B	14.66	10.81%	4.15%	23.81%	89.10%
C38U	71 Outperform	$17.73B	17.18	6.41%	5.33%	0.17%	8.05%
TQ5	71 Outperform	$4.08B	15.52	2.80%	4.46%	19.82%	―
U14	70 Outperform	$6.79B	15.66	3.80%	2.21%	18.74%	-38.36%
J69U	69 Neutral	$4.64B	21.84	4.49%	5.31%	10.82%	-5.02%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
C09	62 Neutral	$6.42B	32.48	2.25%	1.40%	-10.52%	-39.75%

Frasers Centrepoint Corporate Events

Frasers Centrepoint Trust Issues Units for Management Fee Payment

Frasers Centrepoint Asset Management Ltd., the manager of Frasers Centrepoint Trust, announced the receipt of 5,562,764 units in FCT as payment for various components of its management fees for different periods between October 2024 and September 2025. This issuance of units is in accordance with the trust deed and reflects the company’s strategy to align management incentives with the trust’s performance, potentially impacting the trust’s unit holdings and market perception.

Frasers Centrepoint Trust Issues Units for Divestment Fee

Frasers Centrepoint Trust announced the issuance of 73,806 units to its manager, Frasers Centrepoint Asset Management Ltd., as payment for a divestment fee related to the sale of ten strata lots at Yishun 10. This transaction, classified as an ‘interested party transaction,’ adheres to the regulations set by the Monetary Authority of Singapore, with the issued units being non-transferable for one year. This move reflects the trust’s strategic financial management and compliance with investment regulations.

Frasers Centrepoint Trust Issues Units for Management Fee Payment

Frasers Centrepoint Asset Management Ltd. announced the receipt of 1,506,018 units in Frasers Centrepoint Trust as part of the management fee for the period from April 1 to June 30, 2025. This payment method, stipulated in the trust deed, reflects the company’s strategy to align management interests with those of the trust’s stakeholders, potentially impacting its market positioning and stakeholder relations.