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Metro Holdings Ltd (M01) AI Stock Analysis

6 Followers
SG:M01

Metro Holdings Ltd

(SGX:M01)

Select Model
Rating:42Neutral
Price Target:SGD 0.32â–¼(-5.29% Downside)
Action:upgraded
Date:10/01/26

The overall score of 42 reflects a company under significant financial stress, with declining revenues, severe margin compression, and large net losses. The primary positive factor is the generation of positive operating cash flow, which provides some liquidity. However, the technical trend is bearish, and the valuation is unsupported by earnings. The high dividend yield is likely a value trap given the company's deteriorating fundamentals. The most significant risks are the continued erosion of profitability and equity, which could further weaken the balance sheet.

Positive Factors
Diversified business modelOperating across property development, investment and management, plus hospitality, gives Metro multiple ways to earn revenue. This mix can diversify exposure across recurring rent, fee income, development profits and hotel operations, supporting resilience when one activity is temporarily weaker.
Negative Factors
Severe profitability deteriorationThe shift from positive net income to very large losses materially weakens earnings quality and reduces the company’s ability to reinvest from internal profits. Deeply negative operating and net margins also suggest that restoring sustainable profitability will be essential over the next several quarters.

Metro Holdings Ltd (M01) vs. iShares MSCI Singapore ETF (EWS)

-40%-30%-20%-10%0%10%20%30%SG:M01-30.89%EWS+11.10%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
SGD 277.39M
Dividend Yield
5.97%
Average Volume (3M)
69.58K
Price to Earnings (P/E)
-1.4
Beta (1Y)
0.60
Revenue Growth
-6.56%
EPS Growth
9.61%
Country
Singapore
Employees
450
Sector
Consumer Cyclical
Sector Strength
61
Industry
Department Stores

Metro Holdings Ltd Business Overview & Revenue Model

Company Description

Metro Holdings Limited is a diversified enterprise with significant interests in retail, as well as extensive property development and investment, spanning operations across Singapore, China, Indonesia, the United Kingdom, and Australia. Its business...

How the Company Makes Money

Metro Holdings Ltd makes money through multiple business lines tied to real estate and hospitality. Key revenue streams include: (1) Property development: income from the sale of residential and/or commercial units in development projects, typically...

Metro Holdings Ltd Financial Statement Overview

Summary

Financial performance is weak, driven by a 6.6% revenue decline, gross margin compression to 4.0%, and a substantial net loss of SGD 203.2 million. The Income Statement Score of 18 reflects severe profitability issues. The Balance Sheet Score of 42 indicates moderate leverage but significant equity erosion. A Cash Flow Score of 38 shows positive but low and volatile cash generation. Overall, the core business is unprofitable and deteriorating, though positive operating cash flow provides a minimal buffer.

Income Statement

18Very Negative

Balance Sheet

42Neutral

Cash Flow

38Negative
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue97.79M97.65M104.50M115.91M117.24M100.50M
Gross Profit4.91M3.94M7.02M12.34M20.37M15.30M
EBITDA-11.73M-170.75M-179.98M60.34M67.54M58.81M
Net Income-223.69M-203.22M-224.84M14.55M25.15M23.70M
Balance Sheet
Total Assets1.80B1.80B2.06B2.31B2.35B2.50B
Cash, Cash Equivalents and Short-Term Investments438.25M435.86M313.54M287.34M343.88M347.85M
Total Debt700.36M568.90M633.45M651.07M644.76M666.55M
Total Liabilities855.99M855.99M872.35M860.01M864.54M897.42M
Stockholders Equity924.66M924.66M1.16B1.43B1.46B1.58B
Cash Flow
Free Cash Flow27.03M21.55M43.41M1.45M27.49M45.88M
Operating Cash Flow28.92M24.41M44.87M1.93M28.54M46.37M
Investing Cash Flow83.42M174.00M-3.25M-20.19M-4.90M-195.65M
Financing Cash Flow-68.70M-86.96M-14.71M-35.43M-19.66M53.07M

Metro Holdings Ltd Technical Analysis

Technical Analysis SentimentNegative
Last Price0.34

Price Trends

50DMA0.37Negative
100DMA0.40Negative
200DMA0.44Negative

Market Momentum

MACD-0.01Negative
RSI43.11Neutral
STOCH66.67Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:M01, the sentiment is Negative. The current price of 0.34 is below the 20-day moving average (MA) of 0.34, below the 50-day MA of 0.37, and below the 200-day MA of 0.44, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 43.11 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:M01.

Metro Holdings Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

SG:M01 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SG:H07SG:H0767NeutralSGD 677.05M22.503.27%1.14%0.28%-10.91%
SG:5JKSG:5JK65NeutralSGD 242.34M5.755.59%2.43%7.49%283.69%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
SG:A30SG:A3059NeutralSGD 348.18M11.097.71%3.92%22.58%54.44%
SG:B28SG:B2859NeutralSGD 361.37M16.712.58%1.33%5.22%297.06%
SG:M01SG:M0142NeutralSGD 289.81M-1.36-20.02%5.97%-6.56%9.61%

* Consumer Cyclical Sector Average

Performance Comparison

-20%0%20%40%SG:M01SG:5JKSG:A30SG:B28SG:C41SG:H07Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
SG:M01 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SG:M01Metro Holdings Ltd0.34-0.17-32.94%
SG:5JKHiap Hoe Ltd.0.52-0.01-2.65%
SG:A30Aspial Corporation Limited0.150.0551.96%
SG:B28Bonvests Holdings Limited0.89-0.05-5.62%
SG:C41Cortina Holdings Limited4.050.6920.68%
SG:H07Stamford Land Corporation Ltd0.45-0.03-7.10%

Metro Holdings Ltd Corporate Events

Metro Holdings AGM Highlights Strategic Pivot From Department Stores to Property-Led Growth

Aug 21, 2026

Metro Holdings’ latest annual general meeting in Singapore offered shareholders a window into the group’s strategic shift, framed by detailed procedural explanations and a streamlined, poll-based voting process. The meeting underscored the board’s em...

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 01, 2026