Raffles Education (NR7) AI Stock Analysis

• Market Cap: S$127.31M
• Dividend Yield: N/A
• Average Volume (3M): 3.22M
• Price to Earnings (P/E): 17.5
• Beta (1Y): 0.44
• Revenue Growth: -0.68%
• EPS Growth: N/A
• Country: SG
• Employees: 2,500
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Education & Training Services
• EPS (TTM): 0.00
• Shares Outstanding: 1,463,646,700
• 10 Day Avg. Volume: 6,392,610
• 30 Day Avg. Volume: 3,222,796
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: S$0.00 ▼(-100.00% Downside)

Raffles Education's overall stock score is primarily influenced by its financial performance challenges, including declining revenue and cash flow constraints. The technical analysis shows strong momentum, but overbought conditions could lead to a pullback. Valuation is reasonable, but the lack of a dividend yield may deter some investors.

Raffles Education Business Overview & Revenue Model

Company Description

Raffles Education (NR7) is a leading private education provider headquartered in Singapore, specializing in design, arts, and management education. The company operates a network of institutions across Asia, offering a diverse range of programs including diplomas, undergraduate, and postgraduate degrees. Raffles Education is committed to delivering high-quality education and fostering creativity among its students, preparing them for successful careers in various industries.

How the Company Makes Money

Raffles Education generates revenue primarily through tuition fees paid by students enrolled in its various programs. The company has multiple revenue streams, including course fees for diploma and degree programs, short-term courses, and workshops. Additionally, Raffles Education may benefit from partnerships with industry players and educational institutions, enhancing its program offerings and attracting more students. The institution's strategic focus on expanding its presence in high-demand markets across Asia also contributes to its financial performance.

Raffles Education Financial Statement Overview

Summary

Raffles Education's financial statements present a mixed picture. The income statement shows some recovery in profitability, but revenue decline is a concern. The balance sheet is stable with moderate leverage, but profitability remains low. Cash flow challenges highlight the need for better cash management. Overall, the company needs to focus on revenue growth and operational efficiency to enhance financial performance.

Income Statement

Raffles Education's income statement shows mixed performance. The company achieved a gross profit margin of 100% in the latest year, indicating efficient cost management. However, the revenue growth rate is negative at -50.4%, suggesting a significant decline in sales. The net profit margin improved to 6.89% from a negative margin in the previous year, showing a recovery in profitability. Despite these improvements, the EBIT and EBITDA margins are relatively moderate, indicating room for operational efficiency improvements.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.39, indicating moderate leverage. The return on equity is low at 1.38%, suggesting limited profitability relative to shareholder equity. The equity ratio stands at 54.55%, indicating a solid equity base compared to total assets. Overall, the balance sheet shows stability but highlights the need for improved profitability.

Cash Flow

Cash flow analysis reveals challenges with a free cash flow growth rate of -108.03%, indicating a significant decline in free cash flow. The operating cash flow to net income ratio is low at 0.02, suggesting limited cash generation from operations. The free cash flow to net income ratio is also low at 0.03, highlighting potential liquidity concerns. Overall, the cash flow statement suggests a need for improved cash management and operational efficiency.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	112.28M	111.71M	112.47M	110.89M	105.37M	97.73M
Gross Profit	67.67M	111.71M	70.14M	10.02M	-4.40M	4.85M
EBITDA	30.23M	43.60M	15.75M	38.12M	62.02M	66.00M
Net Income	-13.64M	7.70M	-19.26M	-5.30M	9.61M	16.39M
Balance Sheet
Total Assets	1.08B	1.02B	1.10B	1.15B	1.28B	1.38B
Cash, Cash Equivalents and Short-Term Investments	35.44M	16.86M	33.07M	24.21M	37.42M	29.53M
Total Debt	223.45M	218.89M	237.99M	288.69M	303.54M	396.01M
Total Liabilities	400.03M	378.19M	418.23M	454.21M	495.64M	598.81M
Stockholders Equity	590.66M	555.83M	589.98M	599.96M	675.17M	671.38M
Cash Flow
Free Cash Flow	-1.81M	145.00K	5.70M	-12.12M	-15.83M	-13.06M
Operating Cash Flow	5.69M	4.35M	19.40M	4.26M	16.77M	14.20M
Investing Cash Flow	23.20M	3.10M	11.02M	2.41M	59.88M	-29.15M
Financing Cash Flow	-31.17M	-19.97M	-25.26M	-19.89M	-68.76M	36.27M

Raffles Education Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.07
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:NR7, the sentiment is Positive. The current price of 0.07 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.06, and above the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 86.73 is Negative, neither overbought nor oversold. The STOCH value of 81.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:NR7.

Raffles Education Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BNE	70 Outperform	S$77.49M	2.81	54.02%	―	41.78%	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
NR7	58 Neutral	S$127.31M	17.45	1.33%	―	-0.68%	―

Raffles Education Corporate Events

Raffles Education Completes Third Tranche Bond Issuance

Raffles Education Limited has announced the completion of the issuance of S$1,000,000 in bonds to a third tranche subscriber, Ng San Tiong, as part of its proposed bond issue. This brings the total issued bonds to S$3,000,000. The company plans to keep shareholders informed of any further developments regarding the bond issue, advising them to exercise caution when dealing with company shares.

Raffles Education Announces Third Tranche Bond Subscription

Raffles Education Limited has announced the issuance of unlisted, non-convertible bonds totaling up to S$10,000,000, with a recent agreement for a third tranche of S$1,000,000 with subscriber Ng San Tiong. The subscriber has confirmed the investment is for personal benefit without intentions to influence company management, adhering to regulations under the SFA.

Raffles Education Announces Board Committee Restructuring

Raffles Education Limited, a company incorporated in Singapore, has announced changes in the compositions of its Board Committees, including the Audit, Independent, Nomination, and Risk Management Committees. These changes are effective from August 25, 2025, and involve the appointment of new chairpersons and members across the committees. Shareholders are advised to exercise caution when dealing with the company’s shares and to seek professional advice if necessary.

Raffles Education Faces Tax Dispute with Chinese Entity

Raffles Education Limited has received a Letter of Demand from Oriental University City Development Co., Ltd, alleging liability for enterprise income tax and penalties amounting to approximately S$6.2 million. The company, after consulting with legal advisors, believes the claim is unfounded and plans to contest it vigorously. Shareholders are advised to exercise caution and seek professional advice regarding their investments.

Raffles Education Completes Second Tranche Bond Issuance

Raffles Education Limited has announced the completion of its bond issuance to the second tranche subscriber, Miao Lijie, amounting to S$1,000,000. This brings the total issued bonds to S$2,000,000 as part of their proposed bond issue plan. The company plans to keep shareholders informed of any significant developments related to the bond issue and advises caution in dealing with its shares.

Raffles Education Secures S$1 Million in Bond Subscription

Raffles Education Limited has announced the issuance of unlisted, non-convertible bonds amounting to S$1,000,000 as part of a subscription agreement with investor Miao, Lijie. This move is part of a larger bond issue strategy aimed at raising up to S$10,000,000. The subscriber has committed to investing for personal benefit without seeking control over the company, adhering to regulatory exemptions and restrictions.

Raffles Education Wins Arbitration Award, Boosting Financial Standing

Raffles Education Limited has announced a favorable final arbitral award from the Singapore International Arbitration Centre concerning a dispute involving misrepresentation and breach of warranties. The award grants the company and its subsidiary, Path Education Corporation, damages and costs totaling over S$6 million, including interest, while dismissing the counterclaims of the respondents. This decision is expected to positively impact the company’s financial position and reinforce its market credibility.