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← CockpitCompetitor Analysis › OYY.SI PropNex Ltd.Open in the cockpit ↗

PropNex Ltd.OYY.SICompetitor analysis, valuation and peers

Singapore · SGD·Real Estate›Real Estate Development

Singapore's largest real estate agency, brokering residential and commercial property transactions and providing agent training.

≈ Singapore's largest real estate brokerage agency, like a listed Keller Williams/RE MAX forMomentum neutral 44
Competitor Analysis ▸ ChartsOpen in the cockpit
Mkt cap
$956M
US dollars, full cap
Free float
21%
of shares outstanding
$/day
$489,983
20-day average traded
Fwd P/E
17.2×
forward earnings
ROIC−WACC
n/a
WACC 11.1%
Hurdle
n/a
no reverse DCF
Next earnings
115 days
1 Mar 2027
Close · SGDS$1.65
1D-1.8%
1W0.0%
1M-5.7%
3M-13.2%
6M-9.3%
YTD-12.2%
1Y-31.5%
ATR %1.9%
52w lowhigh31.2% off high

What PropNex does

Singapore's largest real estate agency, brokering residential and commercial property transactions and providing agent training.

Earns commissions on each property deal, usually paid when a transaction completes and split with the salesperson who closed it, with developers paying separately to market new launches. Revenue follows transaction volumes more than prices, and agents work as contractors rather than employees.

In one line: Singapore's largest real estate brokerage agency, like a listed Keller Williams/RE MAX for.

Products and services

  • Residential property brokerage
  • Project marketing services (new launches)
  • Real estate training/education

Customers

  • Homebuyers/sellers
  • Property developers (project marketing)
  • Aspiring real estate agents

Where it sits in the supply chain

  • Real estate services
  • Property brokerage
  • Agent training & project marketing

What could go right

  • Property transaction volume growth
  • Agent recruitment/market share gains

What could go wrong

  • Property transaction cyclicality (cooling measures)
  • Commission rate competition

Moat: narrow (scale, brand, network effects). Largest agent network and brand recognition in Singapore's property brokerage market.

Headquarters: Singapore · Founded: 2000 · Employees: 173

Named competitors

  • ERA Realty private or unlisted
  • Huttons Asia private or unlisted
  • OrangeTee & Tie private or unlisted

PropNex at a glance

Size PropNex (OYY.SI) is a Singapore Real Estate company (Real Estate Development) with a market value of $956M, the 68th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$1.65 on 6 Nov 2026.

Performance Over six months the shares fell 9.3%, against -30.3% for the median peer and -1.2% for the Singapore market (cap-weighted) — 6th highest of 20 in its peer set.

Growth Revenue grew 8.1% over the last twelve months (peer median -3.0%); the operating margin is 6.4% (peer median -0.1%).

Valuation It trades at 17.2× forward earnings against a peer median of 38.6× (4th cheapest of 10).

Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026OYY.SI 89Peer median 68
Six months, rebased to 100: PropNex against the median of its 20 peers (local-currency closes).

PropNex financials

Reported figures in SGD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueS$1.12BS$1.12BS$783MS$838MS$1.03B
Revenue growth—+43%-7%-19%—
Gross profitS$87.9MS$90.3MS$48.5MS$59.8MS$82.7M
EBITDAS$74.2MS$76.7MS$38.3MS$56.5MS$65.1M
Net incomeS$69.1MS$70.4MS$40.9MS$47.8MS$62.4M
Free cash flowS$82.5MS$94.4MS$43.5MS$61.4MS$52.2M
Capital expenditureS$252,000S$413,000S$294,000S$722,000S$368,726
Total debtn/aS$4.75MS$2.83MS$2.97MS$5.01M

Quarterly statements and history in the cockpit →

PropNex competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-75%-50%-25%0%+25%-50%-25%0%6007246007480022088803DVLHMC0108000402000631WEWORK600643FRMI600158000517PXA000560OYY.SI6-month return →1-month return →
Up and to the right = strong over both horizons. PropNex is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%+75%20×40×60×0022088803DVLHMC600736SVEAF-BWEWORKPXAOYY.SIRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. PropNex is the large dot.

PropNex competitors and peer comparison

How PropNex compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

PropNex against its 20 peers (data as of 6 Nov 2026)
MeasureOYY.SIPeer medianRank in peer set
1-month return-5.7%-9.2%9th highest of 21
6-month return-9.3%-30.3%6th highest of 20
Distance from 52-week high-31.2%-40.7%9th highest of 21
Revenue growth (TTM)+8.1%-3.0%7th highest of 20
Operating margin6.4%-0.1%8th highest of 19
Forward P/E17.2×38.6×4th cheapest of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
PropNex OYY.SISingapore$956M-9%+8%6%17.2×n/an/a
Ningbo Fuda 600724.SSChina$956M-37%-18%15%n/an/an/a
Shanghai Industrial Development 600748.SSChina$952M-35%-3%0%n/an/an/a
Hefei Urban Construction Development 002208.SZChina$961M-42%-14%-1%46.9×n/an/a
Heiwa Real Estate 8803.TJapan$964M-6%+23%30%12.9×n/an/a
Develia DVL.WAPoland$947M-26%+70%23%8.1×n/an/a
HMC Capital HMC.AXAustralia$946M+17%-27%27%10.4×n/an/a
SR Medical Technology 0108.HKHong Kong$972M-10%+25%4%n/an/an/a
Suzhou New District Hi-Tech Industrial 600736.SSChina$934M-34%-30%-27%38.6×n/an/a
Jiangsu Dagang 002077.SZChina$983M-32%+24%-8%n/an/an/a
Financial Street 000402.SZChina$991M-30%-38%-26%n/an/an/a
Shunfa Hengneng 000631.SZChina$922M-9%+9%n/an/an/an/a
Sveafastigheter SVEAF-B.STSweden$916Mn/a+8%51%19.7×n/an/a
WeWork India Management WEWORK.NSIndia$1.00B+26%+25%24%62.0×n/an/a
Shanghai AJ 600643.SSChina$1.00B-12%-41%-180%n/an/an/a
Fermi FRMIUnited States$1.01B-70%n/an/an/an/an/a
China Sports Industry 600158.SSChina$1.01B-41%0%-9%n/an/an/a
Rongan Property 000517.SZChina$898M-7%-76%-46%n/an/an/a
PEXA PXA.AXAustralia$896M-38%+3%13%49.9×n/an/a
5I5J 000560.SZChina$1.03B-2%-21%-6%44.9×n/an/a
Beijing Capital Development 600376.SSChina$1.04B-41%-35%-15%n/an/an/a

Questions

Who are PropNex's main competitors?
Named competitors: ERA Realty (private or unlisted), Huttons Asia (private or unlisted), OrangeTee & Tie (private or unlisted). The cockpit's measured peer set (industry) also includes Ningbo Fuda (600724.SS), Shanghai Industrial Development (600748.SS), Hefei Urban Construction Development (002208.SZ), Heiwa Real Estate (8803.T), Develia (DVL.WA), HMC Capital (HMC.AX).
Is PropNex expensive compared with its peers?
On forward p/e it trades at 17.2× against a peer median of 38.6×, 4th cheapest of 10 in its peer set.
How has PropNex stock performed?
Over six months to 6 Nov 2026 the shares returned -9.3% against -30.3% for the median peer; over one year -31.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.