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1. Company Snapshot

1.a. Company Description

PropertyGuru Limited operates online property classifieds marketplaces in Singapore, Vietnam, Malaysia, Thailand, and Indonesia.It serves agents and developers to advertise residential and commercial properties for sale or rent to property seekers.The company was incorporated in 2006 and is based in Singapore.

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1.b. Last Insights on PGRU

The recent stock performance of PropertyGuru Limited was driven by the completion of its acquisition by EQT Private Capital Asia, valuing the company at approximately USD 1.1 billion. This strategic transaction is expected to provide PropertyGuru with the necessary resources to further expand its PropTech offerings in Southeast Asia. Additionally, the acquisition is likely to enhance the company's capabilities in terms of technology, talent, and geographic reach, positioning it for future growth.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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EQT Completes Acquisition of PropertyGuru

Dec -13

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PropertyGuru Announces Shareholders' Approval of Merger Agreement

Oct -09

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PropertyGuru Group Limited Cancels Earnings Release Conference Call

Aug -28

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PropertyGuru Group Limited Shareholders With Losses Are Encouraged To Participate In Investigation With The Schall Law Firm

Aug -20

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PGRU Investors Invited To Join Investigation of PropertyGuru Group Limited With The Schall Law Firm

Aug -19

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PGRU INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into PropertyGuru Group Limited and Encourages Investors to Contact the Firm!

Aug -16

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PGRU Investors Encouraged to Be A Part Of Investigation of PropertyGuru Group Limited with the Schall Law Firm

Aug -16

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PropertyGuru to be acquired by EQT's unit in $1.1 billion deal

Aug -16

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (13.68%)

6. Segments

Marketplaces - Singapore

Expected Growth: 13.5%

PropertyGuru's 13.5% growth in Singapore's marketplaces is driven by increasing online property searches, rising demand for digital real estate solutions, and strategic partnerships with key developers and agents. Additionally, the company's investments in AI-powered property matching and personalized customer experiences have enhanced user engagement and conversion rates.

Marketplaces - Malaysia

Expected Growth: 13.8%

PropertyGuru's 13.8% growth in Malaysia's marketplaces is driven by increasing online property searches, government initiatives to digitize the property sector, and a growing middle class with rising demand for housing. Additionally, the company's strong brand presence, user-friendly platform, and innovative features such as AI-powered property recommendations contribute to its market leadership.

Marketplaces - Vietnam

Expected Growth: 14.2%

Vietnam's growing middle class, increasing internet penetration, and government support for digital economy drive demand for online property marketplaces. PropertyGuru's strong brand presence, user-friendly interface, and innovative features such as AI-powered property matching and virtual tours further accelerate growth, resulting in a 14.2% growth rate.

Marketplaces - Other Asia

Expected Growth: 13.2%

The 13.2% growth in Marketplaces - Other Asia from PropertyGuru Limited is driven by increasing online property demand, government initiatives to boost digitalization, and rising adoption of online real estate platforms in emerging markets such as Indonesia, Vietnam, and Thailand.

Fintech and Data

Expected Growth: 15.0%

PropertyGuru's 15.0% growth in Fintech and Data is driven by increasing demand for digital mortgage services, expansion into new markets, and strategic partnerships. The company's data analytics capabilities and AI-powered property valuation tools also contribute to its growth, as they provide valuable insights to customers and enhance their overall experience.

7. Detailed Products

PropertyGuru.com

A leading property portal that provides a comprehensive platform for property seekers to search, discover, and connect with property agents and developers.

PropertyGuru FastKey

A proprietary data analytics platform that provides real-time market insights and data-driven solutions for property developers and agents.

PropertyGuru Mortgage Marketplace

A one-stop mortgage platform that connects homebuyers with multiple banks and financial institutions to compare and apply for home loans.

PropertyGuru Agent Advertising

A targeted advertising platform that allows property agents to advertise their listings and reach a large audience of property seekers.

PropertyGuru Developer Solutions

A suite of solutions that provides property developers with data-driven insights, marketing, and sales solutions to optimize their project sales.

8. PropertyGuru Limited's Porter Forces

Forces Ranking

Threat Of Substitutes

PropertyGuru Limited operates in a niche market, providing a unique platform for property seekers. While there are substitutes available, they are not as comprehensive as PropertyGuru's offerings, reducing the threat of substitutes.

Bargaining Power Of Customers

PropertyGuru Limited's customers have limited bargaining power due to the company's dominant market position and lack of alternative options.

Bargaining Power Of Suppliers

PropertyGuru Limited has a diverse supplier base, reducing the bargaining power of individual suppliers. The company's strong market position also gives it negotiating power over suppliers.

Threat Of New Entrants

While there are barriers to entry in the online property market, new entrants can still disrupt the market. However, PropertyGuru Limited's established brand and market share make it difficult for new entrants to gain traction.

Intensity Of Rivalry

The online property market is highly competitive, with several established players vying for market share. PropertyGuru Limited faces intense competition from rivals, which can lead to pricing pressures and advertising wars.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 1.56%
Debt Cost 4.22%
Equity Weight 98.44%
Equity Cost 6.32%
WACC 6.29%
Leverage 1.58%

11. Quality Control: PropertyGuru Limited passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Scout24

A-Score: 6.2/10

Value: 2.7

Growth: 6.8

Quality: 8.7

Yield: 2.5

Momentum: 8.5

Volatility: 8.3

1-Year Total Return ->

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Inwit

A-Score: 6.2/10

Value: 2.5

Growth: 7.2

Quality: 6.1

Yield: 8.1

Momentum: 3.0

Volatility: 10.0

1-Year Total Return ->

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Shurgard

A-Score: 5.6/10

Value: 5.4

Growth: 4.9

Quality: 8.0

Yield: 5.6

Momentum: 2.0

Volatility: 7.7

1-Year Total Return ->

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LEG Immobilien

A-Score: 4.8/10

Value: 6.1

Growth: 4.0

Quality: 5.4

Yield: 5.6

Momentum: 1.5

Volatility: 6.3

1-Year Total Return ->

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TAG Immobilien

A-Score: 4.6/10

Value: 5.1

Growth: 4.2

Quality: 5.1

Yield: 5.0

Momentum: 3.0

Volatility: 5.0

1-Year Total Return ->

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PropertyGuru

A-Score: 4.5/10

Value: 3.0

Growth: 4.3

Quality: 5.8

Yield: 0.0

Momentum: 7.0

Volatility: 6.7

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

6.7$

Current Price

6.7$

Potential

-0.00%

Expected Cash-Flows