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Raffles Education
(SGX:NR7)
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Rating:44Neutral
Price Target:
S$0.11
âĵ(-2.73% Downside)
Action:Reiterated
Date:07/31/26
The score is primarily weighed down by weak financial performance, led by steep revenue decline and poor cash flow conversion. Technicals also detract as the stock trades below all key moving averages. Valuation provides little support due to a high P/E and no dividend yield data.
Positive Factors
Tuition-based recurring revenue
The core business of charging tuition and student fees creates a recurring revenue base tied to enrollment cycles. This durable cash stream supports predictability in revenues over multi-quarter horizons and underpins long-term program and campus investments despite short-term shocks.
Negative Factors
Steep revenue decline
A greater-than-50% revenue fall materially weakens scale economics for an education operator. Lower tuition volumes reduce fixed-cost absorption, hurt program funding and brand presence, and may require multiple enrollment cycles to rebuild, threatening medium-term growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Tuition-based recurring revenue
The core business of charging tuition and student fees creates a recurring revenue base tied to enrollment cycles. This durable cash stream supports predictability in revenues over multi-quarter horizons and underpins long-term program and campus investments despite short-term shocks.
Read all positive factors
Raffles Education (NR7) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$173.69M
Dividend YieldN/A
Average Volume (3M)3.05M
Price to Earnings (P/E)39.6
Beta (1Y)0.73
Revenue Growth-4.37%
EPS Growth-165.45%
CountrySG
Employees2,500
SectorConsumer Defensive
Sector Strength42
IndustryEducation & Training Services
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,819,522,100
10 Day Avg. Volume2,827,185
30 Day Avg. Volume3,045,248
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)0.29
Price to Sales (P/S)1.71
P/FCF Ratio48.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)<0.01
Revenue Forecast (FY)S$134.72M
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 A...
How the Company Makes Money
Raffles Education primarily makes money by charging tuition and other student-related fees for programs delivered through its education institutions (e.g., enrolment/registration fees, course fees, and other ancillary fees tied to student services...
Raffles Education Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 114.36M | 106.82M | 111.71M | 112.47M | 110.89M | 105.37M |
| Gross Profit | 65.88M | 6.17M | 111.71M | 70.14M | 10.02M | -4.40M |
| EBITDA | 23.45M | 23.88M | 43.60M | 15.75M | 38.12M | 62.02M |
| Net Income | 3.31M | -5.37M | 7.70M | -19.26M | -5.30M | 9.61M |
Balance Sheet | ||||||
| Total Assets | 1.06B | 969.88M | 1.02B | 1.10B | 1.15B | 1.28B |
| Cash, Cash Equivalents and Short-Term Investments | 35.20M | 39.16M | 16.86M | 33.07M | 24.21M | 37.42M |
| Total Debt | 215.49M | 93.42M | 218.89M | 237.99M | 288.69M | 303.54M |
| Total Liabilities | 388.11M | 252.35M | 378.19M | 418.23M | 454.21M | 495.64M |
| Stockholders Equity | 582.71M | 631.26M | 555.83M | 589.98M | 599.96M | 675.17M |
Cash Flow | ||||||
| Free Cash Flow | 897.00K | 3.77M | 145.00K | 5.70M | -12.12M | -15.83M |
| Operating Cash Flow | 9.86M | 12.58M | 4.35M | 19.40M | 4.26M | 16.77M |
| Investing Cash Flow | -1.11M | 26.00M | 3.10M | 11.02M | 2.41M | 59.88M |
| Financing Cash Flow | -5.70M | -16.39M | -19.97M | -25.26M | -19.89M | -68.76M |
Raffles Education Technical Analysis
Negative
0.11
Price Trends
0.12
Negative
0.12
Negative
0.13
Negative
Market Momentum
>-0.01
Positive
23.88
Positive
12.38
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:NR7, the sentiment is Negative. The current price of 0.11 is above the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.12, and below the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 23.88 is Positive, neither overbought nor oversold. The STOCH value of 12.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:NR7.
Raffles Education Peers Comparison
UnderperformOutperform
Sector (62)
SG:NR7
Raffles Education
0.10
0.04
69.64%
SG:BQD
Envictus International Holdings Limited
0.37
0.03
8.82%
SG:CNE
MindChamps PreSchool Ltd.
0.11
-0.02
-15.08%
SG:RQ1
Overseas Education Ltd.
0.16
-0.02
-11.17%
Raffles Education Corporate Events
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 ...
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...
Raffles Education Converts More Bonds to Equity, Boosting Share Capital
Jul 8, 2026
Raffles Education has converted part of its outstanding convertible bonds into equity, issuing 1,556,461 new ordinary shares at S$0.065 per share to bondholders on 6 July 2026. This move modestly increases the company’s share capital while s...
Raffles Education Converts Portion of Convertible Bonds Into New Shares
Jun 24, 2026
Raffles Education has converted part of its outstanding convertible bonds into equity, issuing 190,800 new shares at S$0.065 each to bondholders. This has marginally increased the company’s share capital to 1.8177 billion shares, with the ne...
Raffles Education Converts More Bonds to Shares, Slightly Boosting Equity Base
Jun 17, 2026
Raffles Education has converted a portion of its outstanding convertible bonds into equity, issuing 43,676 new ordinary shares at S$0.065 each on 15 June 2026. Following the conversion, the company’s issued share capital rose to 1,817,488,67...
Raffles Education Faces Appeal in High Court Lease Dispute Ruling
Jun 16, 2026
Raffles Education has disclosed an update on litigation involving its subsidiary Raffles Assets (Singapore) Pte. Ltd. and NPS International School Pte. Ltd. in the Singapore High Court. An earlier judgment in May 2026 dismissed NPS’s claim a...
Raffles Education Issues New Shares on Convertible Bond Conversion
May 28, 2026
Raffles Education has issued 15,384 new ordinary shares following the conversion of S$1,000 in principal amount of its convertible bonds at a conversion price of S$0.065 per share. The move marginally increases the company’s share capital wh...
Raffles Education Subsidiary Wins Liability Phase in S$29 Million Dispute With NPS International
May 21, 2026
Raffles Education has announced that its subsidiary, Raffles Assets (Singapore) Pte. Ltd., has prevailed in the first tranche of a High Court suit brought by NPS International School over a disputed S$500,000 deposit tied to a proposed lease at 51...
Raffles Education Unveils Related-Party Bond Refinancing and Special Dividend Plan
May 11, 2026
Raffles Education plans a refinancing exercise involving the purchase and cancellation of S$35 million in existing listed convertible bonds held by its chairman and controlling shareholder, Chew Hua Seng, and his spouse, Doris Chung. In exchange, ...
Raffles Education Strengthens Balance Sheet as It Targets ASEAN Kâ12 Expansion
May 7, 2026
Raffles Education posted resilient results for the nine months to 31 March 2026, with core earnings of S$22.71 million on relatively stable revenue despite the disposal of its Raffles Hefei asset and currency headwinds. The Group’s net asset...
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.