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ValueMax Group Ltd.
(SGX:T6I)
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Rating:59Neutral
Price Target:
S$0.88
â–¼(-6.06% Downside)
Action:Reiterated
Date:08/17/26
The score is held back mainly by persistently negative operating and free cash flow alongside elevated and rising debt, which increases financing risk despite strong reported profitability. Technical indicators are broadly neutral, while valuation is a relative positive due to the low P/E and ~4% dividend yield.
Positive Factors
Strong revenue and profit growth
The expansion in revenue, alongside sustained gross, operating, and net margins, indicates that ValueMax is scaling while retaining strong profitability. This combination supports reinvestment, strengthens operating resilience, and provides a durable earnings base over the next several quarters.
Negative Factors
Persistent negative cash generation
The sharp and persistent gap between reported profits and cash generation is a material fundamental weakness. Negative operating and free cash flow can increase reliance on external funding, reduce capital-allocation flexibility, and make earnings quality more sensitive to changes in financing conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue and profit growth
The expansion in revenue, alongside sustained gross, operating, and net margins, indicates that ValueMax is scaling while retaining strong profitability. This combination supports reinvestment, strengthens operating resilience, and provides a durable earnings base over the next several quarters.
Read all positive factors
ValueMax Group Ltd. (T6I) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$800.57M
Dividend Yield4.8%
Average Volume (3M)88.70K
Price to Earnings (P/E)6.8
Beta (1Y)0.77
Revenue Growth32.49%
EPS Growth15.58%
CountrySG
Employees141
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)0.12
Shares Outstanding947,514,950
10 Day Avg. Volume81,890
30 Day Avg. Volume88,696
Financial Highlights & Ratios
PEG Ratio0.72
Price to Book (P/B)1.50
Price to Sales (P/S)1.64
P/FCF Ratio-5.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$1.21Price Target Upside28.72% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.11
Revenue Forecast (FY)S$571.90M
ValueMax Group Ltd. Business Overview & Revenue Model
Company Description
As an investment holding entity, ValueMax Group Limited operates a multifaceted business, predominantly within Singapore, encompassing pawnbroking, moneylending, the sale of jewelry and watches, and gold trading. Its pawnbroking division facilitat...
How the Company Makes Money
ValueMax Group Ltd. primarily makes money through its pawnbroking business model. Customers pledge valuables (commonly gold and jewelry) as collateral to obtain short-term loans. The company earns revenue mainly from (i) interest income and servic...
ValueMax Group Ltd. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
57
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 655.52M | 553.13M | 456.18M | 331.04M | 287.06M | 275.51M |
| Gross Profit | 186.41M | 159.48M | 129.81M | 100.22M | 76.79M | 70.03M |
| EBITDA | 141.56M | 139.48M | 107.72M | 71.58M | 59.27M | 54.84M |
| Net Income | 116.67M | 102.08M | 82.83M | 52.85M | 44.42M | 41.51M |
Balance Sheet | ||||||
| Total Assets | 1.76B | 1.56B | 1.25B | 1.08B | 1.01B | 799.12M |
| Cash, Cash Equivalents and Short-Term Investments | 18.77M | 22.42M | 16.80M | 16.03M | 10.99M | 14.60M |
| Total Debt | 1.06B | 897.16M | 698.34M | 624.66M | 618.93M | 453.60M |
| Total Liabilities | 1.11B | 948.36M | 729.31M | 647.67M | 641.37M | 471.72M |
| Stockholders Equity | 645.20M | 605.41M | 512.06M | 423.44M | 363.89M | 322.32M |
Cash Flow | ||||||
| Free Cash Flow | -190.13M | -169.28M | -67.27M | -1.69M | -163.83M | -156.09M |
| Operating Cash Flow | -189.38M | -165.46M | -55.86M | 3.53M | -163.36M | -153.73M |
| Investing Cash Flow | -1.98M | -8.54M | -11.28M | -5.07M | 246.00K | -2.62M |
| Financing Cash Flow | 161.30M | 184.02M | 64.42M | 5.99M | 155.63M | 159.77M |
ValueMax Group Ltd. Technical Analysis
Negative
0.94
Price Trends
0.94
Negative
0.94
Negative
0.99
Negative
Market Momentum
-0.03
Positive
23.44
Positive
30.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:T6I, the sentiment is Negative. The current price of 0.94 is above the 20-day moving average (MA) of 0.88, above the 50-day MA of 0.94, and below the 200-day MA of 0.99, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 23.44 is Positive, neither overbought nor oversold. The STOCH value of 30.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:T6I.
ValueMax Group Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | S$1.66B | 9.21 | 17.57% | 2.33% | 15.08% | 32.76% | |
68 Neutral | S$106.85M | 4.72 | 14.92% | 1.40% | 59.15% | 80.80% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | S$800.57M | 6.85 | 18.66% | 4.80% | 32.49% | 15.58% | |
59 Neutral | S$620.15M | 0.11 | 28.93% | 5.66% | 31.78% | 168.13% |
* Consumer Cyclical Sector Average
SG:T6I
ValueMax Group Ltd.
0.85
-0.05
-5.48%
SG:5UF
Aspial Lifestyle
0.30
0.10
50.00%
SG:42L
Taka Jewellery Holdings Ltd.
0.19
0.05
34.51%
SG:5WJ
MoneyMax Financial Services Ltd.
0.45
0.14
45.16%
SG:AGS
Hour Glass Ltd.
2.58
0.53
25.85%
SG:C41
Cortina Holdings Limited
4.08
0.81
24.77%
ValueMax Group Ltd. Corporate Events
ValueMax Launches 14th 6-Month Digital Commercial Paper on ADDX
Oct 21, 2026
ValueMax Group Ltd., a financial services company, is active in credit-related products and capital markets financing and uses commercial paper programmes and digital securities platforms to raise short-term funding. The group relies on accredited...
ValueMax Launches S$100m Shariah-Compliant Digital Commercial Paper Programme
Oct 21, 2026
ValueMax Group Ltd. has established a S$100 million multi-series unsecured Islamic commercial paper facility programme that is fully digital and listed on the AltaX Exchange’s platform. The programme has been certified Shariah compliant and ...
ValueMax Launches Sixth Digital Commercial Paper Series on SDAX
Oct 21, 2026
ValueMax Group Ltd. has launched Series 006 of its 6‑month commercial paper as digital securities on the SDAX Exchange, continuing its SDAX CP Facility Programme aimed at raising short‑term funding. The new tranche is priced at 3.5% pe...
ValueMax Raises S$45 Million in Insider-Backed Digital Commercial Paper
Sep 29, 2026
ValueMax Group Ltd. has successfully closed its latest tranches under its digital securities commercial paper programme, comprising a 3-month Series 020 and a 6-month Series 013 issuance. The two series raised S$29.76 million and S$15.22 million r...
ValueMax Launches Fourteenth 3‑Month Commercial Paper on SDAX
Sep 16, 2026
ValueMax Group Ltd. has launched the fourteenth series of its 3‑month commercial paper as digital securities on the SDAX Exchange, continuing its ongoing SDAX CP Facility Programme to tap short‑term funding markets. The new 3‑mon...
ValueMax expands digital commercial paper funding on ADDX
Sep 16, 2026
ValueMax Group Ltd. has launched its twentieth 3‑month and thirteenth 6‑month digital securities commercial paper series on the ADDX Exchange. The new issues under its commercial paper programme continue the firm’s strategy of us...
ValueMax Warns 2023 Warrants Near Expiry as Exercise Window Closes
Aug 14, 2026
ValueMax Group Ltd., a Singapore-listed financial services firm specialising in pawnbroking and moneylending, has structured its capital base using rights issues and tradable warrants to support its consumer-focused lending and retail operations. ...
ValueMax Takes 40% Stake in Indonesian Pawnbroker PT Gadai
Aug 13, 2026
ValueMax Group has expanded its regional presence through its wholly owned subsidiary PT VMH Investment Indonesia, which subscribed for 484 million new ordinary shares in PT Gadai ValueMax Indonesia for Rp48.4 billion. Following the transaction, t...
ValueMax Expands Share Capital Through Warrant Exercise
Aug 12, 2026
ValueMax Group Ltd. has expanded its issued share capital through the allotment and issuance of 50,566 new ordinary shares following the exercise of an equivalent number of warrants at an exercise price of S$0.36 per share. This increases the comp...
ValueMax Highlights Financial Update from Malaysian Associate Well Chip Group
Aug 10, 2026
ValueMax Group Limited has announced that its Malaysian associated company, Well Chip Group Berhad, has released financial results for the period ended 30 June 2026 on Bursa Malaysia. The disclosure underscores ValueMax’s ongoing linkage to ...
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.