Frasers Property Limited
TQ5.SI : Singapore Exchange
0.810
+0.62%
Share Price in SGD. As of 26 Jul 17:04:42 SGT
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Key stats
- 52-Week HighSGD 0.995
- 52-Week LowSGD 0.750
- Market CapSGD 3.2B
- Avg Volume571K
- P/E Ratio (TTM)-
- Forward Dividend Yield5.6%
Share Price Performance
| TQ5.SI | Market
| |
|---|---|---|
| 1 Day | 0.62% | 0.24% |
| 5 Day | -1.22% | -0.31% |
| 1 Month | 2.53% | 2.49% |
| 6 Month | -6.36% | 9.02% |
| YTD | -10.00% | 6.08% |
| 1 Year | -2.99% | 6.50% |
| 5 Year | -53.71% | 9.82% |
Market Analysis
Consensus Share Price Target
Price Target: $1.220
Source: SGX as of 18 Jun 2024
Analyst Ratings
CGS-CIMB
20 Nov 2023
Add
1.410
DBS Research
16 Nov 2023
Buy
1.200
(prev 1.210)
Valuation
Price to earnings (P/E) ratio
∞
8.2
Frasers Property Limited's current P/E ratio of ∞x is higher than its historical average P/E ratio of 8.2x.
Price to book (P/B) ratio
0.3
0.5
Frasers Property Limited's current P/B ratio of 0.3x is lower than its historical average P/B ratio of 0.5x.
Earnings
Earnings Highlights
1H FY23/24 Results Summary
Revenue: SGD 1.55B
Decreased 20% Year-on-Year
The decline was due to lower residential contributions from Thailand and Singapore. These were partially offset by higher contributions from residential settlements in China and Australia.
Net Profit: SGD 36M
Decreased 82% Year-on-Year
Attributable profit was lower mainly due to non-cash unrealised fair value losses and impairment on certain commercial properties in the UK of S$115 million amid persistent weak business sentiments in the UK. Cushioning the impact were net fair value gains on industrial and logistics properties in Australia and continental Europe on the back of rental growth. Lower residential contributions from Singapore and Thailand, and higher interest expenses further impacted attributable profit.
Return on Equity (ROE): 1%
Decreased 83% Year-on-Year
Due to the decline in net attributable profit.
Debt to Equity Ratio: 94%
Increased 4% Year-on-Year
Outlook
The Group expects a cyclical improvement in global growth in 2025 as monetary conditions ease. However, risks to the economic upswing are to the downside, particularly with geopolitical conflict escalation and "sticky" inflation which may push central banks to delay easing cycles. The Group continues to be prudent and will continue to mitigate risks from high interest rates, inflation, and foreign currency volatility.
Sources: Frasers Property Limited Financial Report
Earnings per share (EPS)
The latest earnings per share is $0.03, which is lower than the earnings per share of $0.22 in 2022.
Financials
Financial Statements
| 10 May 2024 | Second Quarter and/ or Half Yearly Results For period ending 31 Mar 2024 |
| 09 Apr 2024 | For period ending 31 Mar 2024 |
| 10 Nov 2023 | For period ending 30 Sep 2023 |
| 12 Oct 2023 | For period ending 30 Sep 2023 |
Annual Reports
| 22 Dec 2023 | For period ending 30 Sep 2023 |
| 22 Dec 2023 | For period ending 30 Sep 2023 |