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Raffles Education (NR7) AI Stock Analysis

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SG:NR7

Raffles Education

(SGX:NR7)

Select Model
Rating:48Neutral
Price Target:SGD 0.09â–¼(-1.16% Downside)
Action:reiterated
Date:10/17/26

The score is held back primarily by weak and inconsistent operating performance (declining TTM revenue and a return to net losses) and bearish technical signals (below key moving averages with negative MACD). A stronger balance sheet with reduced leverage and improved TTM cash flow provides partial support, but the negative P/E and lack of dividend data limit valuation appeal.

Positive Factors
Lower LeverageMaterially lower leverage improves financial flexibility and reduces the balance sheet burden carried by the education business. This can support continued operations and selective investment while lowering exposure to financing pressure if enrolment or earnings remain uneven over the next several quarters.
Negative Factors
Declining RevenueA multi-year pattern of flat-to-declining revenue indicates limited current growth in the education platform. Continued contraction could reduce operating scale, weaken the ability to absorb fixed institutional costs, and make sustainable profit recovery more difficult over the next two to six months.

Raffles Education (NR7) vs. iShares MSCI Singapore ETF (EWS)

-20%0%20%40%60%80%100%SG:NR7-3.37%EWS+12.23%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
SGD 75.23M
Dividend Yield
―
Average Volume (3M)
2.22M
Price to Earnings (P/E)
-30.8
Beta (1Y)
0.84
Revenue Growth
-4.37%
EPS Growth
-145.45%
Country
Singapore
Employees
2,500
Sector
Consumer Defensive
Sector Strength
62
Industry
Education & Training Services

Raffles Education Business Overview & Revenue Model

Company Description

Raffles Education Corporation Limited, a Singaporean investment holding enterprise established in 1990, delivers educational offerings and associated services across a broad international footprint, encompassing Southeast Asia, North Asia, South Asia...

How the Company Makes Money

Raffles Education primarily makes money by charging tuition and education-related fees to students enrolled in its programmes. Key revenue streams generally include (i) tuition fees from diploma/degree and other academic programmes, (ii) enrolment, r...

Raffles Education Financial Statement Overview

Summary

Financials are mixed. Income statement strength is weak (revenue down in TTM and profitability reverted to a net loss), but the balance sheet is healthier with materially lower leverage, and cash flow improved in TTM with positive operating and free cash flow despite multi-year volatility.

Income Statement

42Neutral

Balance Sheet

68Positive

Cash Flow

54Neutral
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue108.34M106.82M111.71M112.47M110.89M105.37M
Gross Profit60.78M6.17M111.71M70.14M10.02M-4.40M
EBITDA25.75M23.88M43.60M15.75M38.12M62.02M
Net Income-5.37M-5.37M7.70M-19.26M-5.30M9.61M
Balance Sheet
Total Assets969.88M969.88M1.02B1.10B1.15B1.28B
Cash, Cash Equivalents and Short-Term Investments39.16M39.16M16.86M33.07M24.21M37.42M
Total Debt93.42M93.42M218.89M237.99M288.69M303.54M
Total Liabilities252.35M252.35M378.19M418.23M454.21M495.64M
Stockholders Equity631.26M631.26M555.83M589.98M599.96M675.17M
Cash Flow
Free Cash Flow3.15M3.77M145.00K5.70M-12.12M-15.83M
Operating Cash Flow12.58M12.58M4.35M19.40M4.26M16.77M
Investing Cash Flow26.00M26.00M3.10M11.02M2.41M59.88M
Financing Cash Flow-16.30M-16.39M-19.97M-25.26M-19.89M-68.76M

Raffles Education Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.09

Price Trends

50DMA0.09Negative
100DMA0.11Negative
200DMA0.12Negative

Market Momentum

MACD-0.00Negative
RSI48.24Neutral
STOCH63.33Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:NR7, the sentiment is Neutral. The current price of 0.09 is above the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.09, and below the 200-day MA of 0.12, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 48.24 is Neutral, neither overbought nor oversold. The STOCH value of 63.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:NR7.

Raffles Education Peers Comparison

Overall Rating

UnderperformOutperform
Sector (62)

Financial Indicators

SG:NR7 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *62Neutral$20.33B14.63-3.31%3.23%1.93%-12.26%
SG:NR7SG:NR748NeutralSGD 152.43M-30.78-0.88%―-4.37%-145.45%

* Consumer Defensive Sector Average

Performance Comparison

0%50%100%SG:NR7SG:BQDSG:CNESG:RQ1Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
SG:NR7 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SG:NR7Raffles Education Corporation 0.090.018.86%
SG:BQDEnvictus International Holdings Limited0.360.000.00%
SG:CNEMindChamps PreSchool Ltd.0.10-0.03-22.40%
SG:RQ1Overseas Education Ltd.0.13-0.05-27.17%

Raffles Education Corporate Events

Raffles Education Issues New Shares on Convertible Bond Conversion

Oct 14, 2026

Raffles Education has issued 156,676 new ordinary shares following the conversion of S$10,184 in principal amount of its outstanding convertible bonds at a conversion price of S$0.065 per share. As a result, the company’s issued share capital h...

Raffles Education Ties Special Dividend to Shareholder Approval of Bond Refinancing

Oct 14, 2026

Raffles Education has outlined a proposed refinancing that involves purchasing and cancelling its existing listed convertible bonds, and issuing new unlisted, non-convertible unsecured bonds with unlisted detachable warrants to a controlling sharehol...

Raffles Education Secures Conditional SGX Nod for Major Bond and Warrant Restructuring

Sep 25, 2026

Raffles Education has received approval in-principle from SGX-ST to list and quote up to 538,927,784 new shares on the Mainboard, to be issued upon exercise of warrants attached to new non-convertible unsecured bonds. This move is part of a broader r...

Raffles Education Unit Challenges Remaining Arbitration Awards in Malaysian Campus Dispute

Sep 16, 2026

Raffles K12, a wholly owned subsidiary of Raffles Education, has fully settled arbitral awards linked to four of six construction-related contracts with Pembinaan Mitrajaya, paying about RM 3.9 million. The resolved contracts reduce part of the legal...

RafflesEducation Boosts Cash, Cuts Debt as Core Education Earnings Rebound

Aug 28, 2026

RafflesEducation, a Singapore-headquartered private education provider with a network of 16 institutions across Asia and Europe, offers programmes from K–12 to degree level and also operates an education facilities leasing business via its Hong...

Raffles Education Issues New Shares on Convertible Bond Conversion

Aug 19, 2026

Raffles Education has issued 47,692 new ordinary shares following the conversion of S$3,100 in principal amount of its outstanding convertible bonds at a conversion price of S$0.065 per share. This small equity issuance marginally increases the compa...

RafflesEducation to Gain RMB270.68 Million Net Cash From PRC Land Acquisition

Aug 18, 2026

RafflesEducation has entered into a compensation agreement with authorities in China’s Langfang Development Zone for the compulsory acquisition of its 499-mu education-designated land in Hebei, which it originally bought in 2008 for about RMB19...

Raffles Education Accepts RMB 293m Payout in China Land Reclamation, Books Large Loss but Boosts Liquidity

Aug 18, 2026

Raffles Education’s indirect subsidiary in China, Langfang Hezhong Education Consulting, has agreed to a compulsory land reclamation compensation deal with the Langfang Economic and Technological Development Zone authorities for 13 parcels of e...

Raffles Education Faces RM54.4 Million Demand After Arbitration Ruling

Aug 6, 2026

Raffles Education’s Malaysian subsidiary Raffles K12 has received a demand letter from construction firm Pembinaan Mitrajaya seeking RM54.4 million, following final arbitral awards issued in late July 2026 over a dispute between the parties. Th...

Raffles Education Issues New Shares on Convertible Bond Conversion

Aug 5, 2026

Raffles Education has issued 30,769 new ordinary shares following the conversion of S$2,000 in principal amount of its Convertible Bonds at a price of S$0.065 per share. This modest issuance increases the company’s total share capital to 1,819,...

Raffles Education Faces RM40.5m Arbitration Award, Plans Legal Challenge

Jul 29, 2026

Raffles Education Limited has disclosed that an arbitral tribunal has issued final awards in a long-running dispute between its wholly owned Malaysian subsidiary Raffles K12 Sdn Bhd and contractor Pembinaan Mitrajaya Sdn Bhd. The tribunal ordered Raf...

Raffles Education Converts Additional Convertible Bonds Into Equity

Jul 22, 2026

Raffles Education has announced the conversion of a tranche of its previously issued Convertible Bonds into equity, issuing 207,692 new ordinary shares at S$0.065 per share to bondholders. This move marginally increases the company’s paid-up sh...

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 17, 2026