Tuan Sing Holdings Limited (T24) AI Stock Analysis

• Market Cap: €381.28M
• Dividend Yield: 2%
• Average Volume (3M): 1.58M
• Price to Earnings (P/E): 16.2
• Beta (1Y): 1.07
• Revenue Growth: -41.12%
• EPS Growth: N/A
• Country: SG
• Employees: 777
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): 0.01
• Shares Outstanding: 1,262,875,600
• 10 Day Avg. Volume: 1,597,980
• 30 Day Avg. Volume: 1,575,473
• PEG Ratio: -2.79
• Price to Book (P/B): 0.27
• Price to Sales (P/S): 1.74
• P/FCF Ratio: -7.34
• 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: Hold
• Number of Analyst Covering: 0

• Rating: 61 Neutral
• Price Target: S$0.50 ▲(47.06% Upside)

The overall stock score of 61 reflects a balance of strong technical momentum and reasonable valuation, offset by mixed financial performance. The company's operational challenges and cash flow issues are significant concerns, but the bullish technical indicators provide a positive outlook in the short term.

Tuan Sing Holdings Limited Business Overview & Revenue Model

Company Description

Tuan Sing Holdings Limited (T24) is a Singapore-based investment holding company with diversified interests primarily in property development, hospitality, and investments. The company operates in several key sectors, including real estate, where it engages in the development and management of residential, commercial, and industrial properties. Additionally, Tuan Sing has investments in hotel operations and property investment, providing a comprehensive portfolio that caters to both the local and regional markets.

How the Company Makes Money

Tuan Sing Holdings generates revenue through multiple streams, primarily from property development and sales, rental income from its real estate holdings, and profits from its hotel operations. The company develops residential and commercial properties, selling these units upon completion to realize capital gains. In terms of rental income, Tuan Sing leases out its commercial and industrial properties, providing a steady cash flow. Its hospitality segment contributes through room bookings, food and beverage sales, and event hosting in its hotels. Strategic partnerships with other developers and service providers also enhance Tuan Sing's project execution capabilities and market reach, further solidifying its revenue-generating potential.

Tuan Sing Holdings Limited Financial Statement Overview

Summary

Tuan Sing Holdings Limited exhibits a mixed financial performance. Strong gross margins are overshadowed by declining revenue and net profit margins, indicating operational challenges. Moderate leverage on the balance sheet poses potential risks, and negative free cash flow growth suggests the need for improved cash management.

Income Statement

The income statement shows a mixed performance. The TTM gross profit margin is strong at 45.81%, indicating efficient cost management. However, the net profit margin has decreased significantly to 14.99% from a high of 34.10% in 2021, showing declining profitability. Revenue growth is negative at -10.37% TTM, reflecting challenges in maintaining sales momentum.

Balance Sheet

The balance sheet reveals moderate leverage with a debt-to-equity ratio of 1.13 TTM, slightly above the industry average, which could pose risks if interest rates rise. Return on equity is low at 1.94% TTM, indicating limited profitability from shareholder investments. The equity ratio is stable, suggesting a balanced asset structure.

Cash Flow

Cash flow analysis indicates concerns with negative free cash flow growth of -26.87% TTM, suggesting challenges in generating cash from operations. The operating cash flow to net income ratio is 0.65, showing moderate cash conversion efficiency. The free cash flow to net income ratio is negative, highlighting cash flow issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	156.33M	192.52M	303.72M	225.30M	248.71M	196.82M
Gross Profit	71.62M	76.23M	89.97M	86.86M	70.12M	48.58M
EBITDA	38.38M	41.65M	71.77M	28.28M	109.22M	91.33M
Net Income	23.45M	2.34M	4.84M	4.59M	83.66M	59.01M
Balance Sheet
Total Assets	2.71B	2.70B	2.62B	2.66B	2.76B	3.14B
Cash, Cash Equivalents and Short-Term Investments	142.52M	151.46M	211.53M	243.12M	376.60M	245.19M
Total Debt	1.35B	1.32B	1.23B	1.28B	1.35B	1.47B
Total Liabilities	1.52B	1.48B	1.39B	1.43B	1.50B	1.97B
Stockholders Equity	1.19B	1.22B	1.23B	1.22B	1.25B	1.16B
Cash Flow
Free Cash Flow	-26.30M	-45.63M	136.43M	43.04M	73.05M	63.57M
Operating Cash Flow	69.66M	79.31M	143.41M	54.91M	79.59M	69.13M
Investing Cash Flow	-148.65M	-180.06M	-53.30M	-78.24M	485.69M	67.05M
Financing Cash Flow	49.10M	28.16M	-122.55M	-111.93M	-366.55M	-30.19M

Tuan Sing Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:T24, the sentiment is Positive. The current price of 0.34 is above the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.30, and above the 200-day MA of 0.27, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 67.44 is Neutral, neither overbought nor oversold. The STOCH value of 80.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:T24.

Tuan Sing Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
O10	―	S$608.76M	10.05	4.51%	3.13%	-2.21%	-20.80%
5IC	―	S$184.46M	15.81	3.68%	2.13%	118.91%	50.78%
BTE	―	S$314.89M	23.18	―	8.57%	0.62%	22.60%
Sector *	―	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
T24	―	€381.28M	16.22	1.99%	2.00%	-41.12%	―
LJ3	―	€865.67M	-6.11	-4.81%	1.56%	-1.32%	-211.26%
5UX	―	€442.20M	―	-0.76%	―	8.71%	93.81%