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Frasers Property
(SGX:TQ5)
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Rating:60Neutral
Price Target:
S$1.00
â–¼(-1.96% Downside)
Action:Reiterated
Date:08/04/26
Overall score is held back primarily by weakening financial performance (sharp revenue decline, lower net margins, and high leverage) despite decent operating margins and solid cash conversion. Technical signals are neutral-to-soft with slightly negative momentum and price below key moving averages. Valuation is modestly supportive via the ~4.33% dividend yield, but the P/E of ~21 limits the valuation boost given current profitability pressures.
Positive Factors
Diversified recurring-income model
Frasers combines development profits with recurring rental and asset/management fees across residential, commercial, retail, industrial and hospitality sectors. This diversification smooths cash flows, reduces reliance on single markets, and supports steadier income and capital recycling over multiple quarters.
Negative Factors
Sharp revenue decline
A roughly 20% drop in revenue materially reduces development profit opportunities and diminishes recurring income growth, tightening margins and cash flow. In real estate, project pipelines and sales recovery typically take multiple quarters, making this a sustained headwind to earnings and investment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified recurring-income model
Frasers combines development profits with recurring rental and asset/management fees across residential, commercial, retail, industrial and hospitality sectors. This diversification smooths cash flows, reduces reliance on single markets, and supports steadier income and capital recycling over multiple quarters.
Read all positive factors
Frasers Property (TQ5) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$3.97B
Dividend Yield4.41%
Average Volume (3M)188.71K
Price to Earnings (P/E)20.8
Beta (1Y)0.71
Revenue Growth-21.12%
EPS Growth-34.48%
CountrySG
Employees9,700
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)0.03
Shares Outstanding3,926,041,500
10 Day Avg. Volume162,060
30 Day Avg. Volume188,710
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)0.43
Price to Sales (P/S)1.18
P/FCF Ratio4.08
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)0.03
Revenue Forecast (FY)S$3.55B
Frasers Property Business Overview & Revenue Model
Company Description
Frasers Property Limited, a Singapore-headquartered investment holding company incorporated in 1963, is involved in the development, acquisition, and management of a diverse portfolio of real estate assets. Its extensive collection of properties e...
How the Company Makes Money
Frasers Property makes money primarily through (1) development profits from selling completed properties and recognizing revenue from property development projects, and (2) recurring income from its portfolio of income-producing assets. Developmen...
Frasers Property Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
58
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.41B | 3.40B | 4.21B | 3.95B | 3.88B | 3.76B |
| Gross Profit | 1.02B | 1.34B | 1.49B | 1.54B | 1.51B | 1.57B |
| EBITDA | 759.35M | 1.32B | 1.36B | 1.22B | 1.21B | 1.29B |
| Net Income | 138.90M | 243.10M | 206.33M | 173.14M | 928.27M | 833.09M |
Balance Sheet | ||||||
| Total Assets | 40.05B | 39.75B | 39.64B | 39.78B | 40.17B | 40.26B |
| Cash, Cash Equivalents and Short-Term Investments | 1.96B | 2.39B | 2.64B | 2.66B | 3.32B | 3.78B |
| Total Debt | 18.94B | 18.48B | 18.37B | 17.49B | 17.02B | 18.59B |
| Total Liabilities | 22.95B | 22.60B | 22.17B | 21.58B | 20.79B | 21.93B |
| Stockholders Equity | 9.64B | 9.30B | 9.93B | 10.79B | 11.59B | 10.79B |
Cash Flow | ||||||
| Free Cash Flow | 588.66M | 981.79M | 1.18B | 1.43B | 190.40M | 316.29M |
| Operating Cash Flow | 632.54M | 1.03B | 1.24B | 1.56B | 1.18B | 1.36B |
| Investing Cash Flow | -53.06M | 183.08M | -339.01M | -1.47B | 49.80M | -146.61M |
| Financing Cash Flow | -924.26M | -1.58B | -846.82M | -688.99M | -1.57B | -557.32M |
Frasers Property Technical Analysis
Negative
1.02
Price Trends
1.05
Negative
1.08
Negative
1.07
Negative
Market Momentum
-0.01
Negative
40.30
Neutral
41.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:TQ5, the sentiment is Negative. The current price of 1.02 is below the 20-day moving average (MA) of 1.03, below the 50-day MA of 1.05, and below the 200-day MA of 1.07, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 40.30 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:TQ5.
Frasers Property Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | S$4.67B | 12.38 | 4.29% | 1.40% | 4.36% | 27.58% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | S$7.44B | 13.95 | 4.44% | 2.05% | 1.56% | 21.82% | |
63 Neutral | S$13.02B | 50.97 | 2.05% | 4.56% | -15.36% | -57.57% | |
61 Neutral | S$7.61B | 8.98 | 8.76% | 3.71% | 36.24% | 326.79% | |
60 Neutral | S$3.97B | 20.77 | 2.18% | 4.41% | -21.12% | -34.48% | |
60 Neutral | S$2.53B | 30.98 | 2.08% | 3.54% | -24.16% | -12.68% |
* Real Estate Sector Average
SG:TQ5
Frasers Property
1.02
0.01
0.99%
SG:C09
City Developments
8.35
1.92
29.96%
SG:U06
Singapore Land Group Limited
3.22
0.05
1.51%
SG:U14
UOL Group
8.79
1.56
21.63%
SG:F17
GuocoLand Limited
2.28
0.36
19.06%
SG:9CI
CapitaLand Investment Limited
2.63
-0.02
-0.75%
Frasers Property Corporate Events
Frasers-led consortium tops S$2.1 billion bid for Bayshore Drive mixed-use transit hub
Jul 15, 2026
A consortium led by Frasers Property, together with Frasers Centrepoint Trust, Sunway MCL, Sekisui House and Lum Chang, has emerged as the top bidder for the Bayshore Drive Government Land Sales site in Singapore’s East Coast. The group subm...
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.