Last Updated: 12 Nov 2024
Executive Summary
PropertyGuru Group Ltd (PGRU) is a leading online property classifieds marketplace in Southeast Asia. The company operates in Singapore, Vietnam, Malaysia, Thailand, and Indonesia. PGRU has a strong track record of growth, with revenue increasing by 10.3% year-over-year in the most recent quarter. However, the company is currently unprofitable, with a trailing twelve-month EBITDA loss of $5.04 million.
Company Overview
PGRU was founded in 2007 and is headquartered in Singapore. The company's mission is to "make it easy for people to find their dream home." PGRU offers a variety of services, including property listings, agent matching, and home loans. The company's website and mobile app are used by millions of people each month.
Fundamental Analysis
PGRU's financial performance has been mixed in recent years. The company has reported positive revenue growth in each of the past four quarters, but it has also reported losses in each of those quarters. The company's trailing twelve-month revenue is $157.82 million, and its trailing twelve-month EBITDA loss is $5.04 million.
PGRU's balance sheet is strong. The company has $125.6 million in cash and equivalents and no debt. The company's book value is $3.59 per share.
Technical Analysis
PGRU's stock price has been trending higher in recent months. The stock is currently trading at $6.64, which is above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 60, which indicates that it is overbought.
Short Term Outlook
PGRU's stock price is likely to continue to trend higher in the short term. The company's strong financial performance and positive momentum are likely to continue to attract investors. The stock's RSI is overbought, which could lead to a pullback in the short term, but the overall trend is positive.
Long Term Outlook
PGRU's long-term outlook is positive. The company is a leader in a growing market, and it has a strong track record of innovation. The company's financial performance is expected to improve in the coming years as it continues to grow its revenue and reduce its losses.
Analyst Recommendations
The majority of analysts who cover PGRU have a hold rating on the stock. The average analyst target price is $5.89, which is below the current stock price.
Conclusion
PGRU is a leading online property classifieds marketplace in Southeast Asia. The company has a strong track record of growth, but it is currently unprofitable. The company's financial performance is expected to improve in the coming years as it continues to grow its revenue and reduce its losses. The stock's short-term outlook is positive, and the long-term outlook is also positive.
