PropNex Ltd
SGX:OYY

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PropNex Ltd
SGX:OYY
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Price: 1.8 SGD -1.1% Market Closed
Market Cap: S$1.3B

EV/EBITDA

13.3
Current
43%
More Expensive
vs 3-y average of 9.3

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
13.3
=
Enterprise Value
S$1.2B
/
EBITDA
S$87.8m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
13.3
=
Enterprise Value
S$1.2B
/
EBITDA
S$87.8m

Valuation Scenarios

PropNex Ltd is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (9.3), the stock would be worth S$1.26 (30% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-38%
Maximum Upside
+30%
Average Downside
18%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 13.3 S$1.8
0%
3-Year Average 9.3 S$1.26
-30%
5-Year Average 8.3 S$1.11
-38%
Industry Average 17.3 S$2.34
+30%
Country Average 9.1 S$1.22
-32%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
S$1.2B
/
Jan 2026
S$87.8m
=
13.3
Current
S$1.2B
/
Dec 2026
S$96.2m
=
12.3
Forward
S$1.2B
/
Dec 2027
S$95.7m
=
12.4
Forward
S$1.2B
/
Dec 2028
S$94.9m
=
12.5
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
SG
PropNex Ltd
SGX:OYY
1.3B SGD 13.3 18.9
US
CBRE Group Inc
NYSE:CBRE
43.9B USD 22.2 37.9
CN
Ke Holdings Inc
HKEX:2423
139.2B HKD 33.5 40.8
US
Jones Lang LaSalle Inc
NYSE:JLL
15.9B USD 11.8 20
US
Zillow Group Inc
NASDAQ:ZG
11B USD 43.3 477
CA
FirstService Corp
TSX:FSV
9.4B CAD 14.5 47.2
US
Compass Inc
NYSE:COMP
5.9B USD 68.1 -99.6
CA
Colliers International Group Inc
TSX:CIGI
7.8B CAD 10.7 53.5
US
Opendoor Technologies Inc
NASDAQ:OPEN
5.3B USD -23.6 -4.1
UK
Cushman & Wakefield PLC
NYSE:CWK
3.3B USD 9.2 37.7
US
Newmark Group Inc
NASDAQ:NMRK
2.9B USD 10.1 23.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SG
PropNex Ltd
SGX:OYY
Average EV/EBITDA: 23.7
13.3
3%
4.4
US
CBRE Group Inc
NYSE:CBRE
22.2
29%
0.8
CN
K
Ke Holdings Inc
HKEX:2423
33.5
68%
0.5
US
Jones Lang LaSalle Inc
NYSE:JLL
11.8
11%
1.1
US
Zillow Group Inc
NASDAQ:ZG
43.3
75%
0.6
CA
FirstService Corp
TSX:FSV
14.5
8%
1.8
US
C
Compass Inc
NYSE:COMP
68.1
137%
0.5
CA
Colliers International Group Inc
TSX:CIGI
10.7
15%
0.7
US
Opendoor Technologies Inc
NASDAQ:OPEN
Negative Multiple: -23.6 N/A N/A
UK
Cushman & Wakefield PLC
NYSE:CWK
9.2
17%
0.5
US
Newmark Group Inc
NASDAQ:NMRK
10.1
27%
0.4
P/E Multiple
Earnings Growth PEG
SG
PropNex Ltd
SGX:OYY
Average P/E: 84
18.9
3%
6.3
US
CBRE Group Inc
NYSE:CBRE
37.9
36%
1.1
CN
K
Ke Holdings Inc
HKEX:2423
40.8
-2%
N/A
US
Jones Lang LaSalle Inc
NYSE:JLL
20
19%
1.1
US
Zillow Group Inc
NASDAQ:ZG
477
242%
2
CA
FirstService Corp
TSX:FSV
47.2
31%
1.5
US
C
Compass Inc
NYSE:COMP
Negative Multiple: -99.6 N/A N/A
CA
Colliers International Group Inc
TSX:CIGI
53.5
67%
0.8
US
Opendoor Technologies Inc
NASDAQ:OPEN
Negative Multiple: -4.1 N/A N/A
UK
Cushman & Wakefield PLC
NYSE:CWK
37.7
73%
0.5
US
Newmark Group Inc
NASDAQ:NMRK
23.1
52%
0.4

Market Distribution

In line with most companies in Singapore
Percentile
61st
Based on 540 companies
61st percentile
13.3
Low
0 — 5.3
Typical Range
5.3 — 17.7
High
17.7 —
Distribution Statistics
Singapore
Min 0
30th Percentile 5.3
Median 9.1
70th Percentile 17.7
Max 4 149.6

PropNex Ltd
Glance View

PropNex Ltd. engages in the provision of real estate services. The firm's Agency services segment provides real estate agency services relate to services rendered in the sale and lease of public and private residential and commercial/industrial properties, including housing and development board flats and executive condominium, private condominiums, landed properties, retail shops, offices, and factories. Its Project marketing services segment provides real estate project marketing services related to services rendered in the sale of new private residential development projects for third-party property developers in Singapore as well as overseas. Its Administrative support services segment relates to use of space and other ancillary services. Its Training services segment relates mainly to real estate-related courses and training programs.

OYY Intrinsic Value
2.1 SGD
Undervaluation 14%
Intrinsic Value
Price S$1.8
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