Thea.Si
The company provides real estate services, including property management and development, generating revenue primarily through fees and commissions from property transactions and management services.
Business. The company provides real estate services, including property management and development, generating revenue primarily through fees and commissions from property transactions and management services.
At a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
The company provides real estate services, including property management and development, generating revenue primarily through fees and commissions from property transactions and management services.
The company's capital structure is characterized by a high debt-to-equity ratio of 2.27, indicating a significant reliance on debt financing. Its liquidity position is assessed as medium, with a current ratio of 0.58, suggesting limited short-term liquidity to cover current liabilities. The company's free cash flow of 5.47 million SGD supports operational flexibility, but its net cash position is negative after subtracting total debt, signaling potential liquidity constraints.
Profitability metrics show a return on equity (ROE) of 44.58% and a return on assets (ROA) of 11.02%, both exceeding the typical thresholds for the Real Estate Services industry. These figures indicate strong returns relative to equity and asset base, suggesting efficient use of capital and effective cost management.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and regulatory changes. The absence of segment-specific revenue data limits the ability to assess the performance of different business lines.
The company's growth trajectory is constrained by a lack of disclosed revenue growth in the most recent period. While the company has a positive operating cash flow of 12.68 million SGD, there is no indication of future revenue expansion. The absence of a clear growth strategy or new market entry plans suggests limited upside potential in the near term.
Risk factors include a medium liquidity risk due to the current ratio and a negative net cash position. The company's dilution risk is assessed as low, with no recent share issuance or dilution events reported. However, the high debt-to-equity ratio and the absence of a detailed capital structure plan could lead to future dilution if the company needs to raise additional capital.
Recent events include the latest financial filing, which provides a snapshot of the company's financial health. There are no recent earnings call transcripts or significant regulatory filings that would indicate major strategic shifts or operational changes. The company's financial performance remains stable, but there is no evidence of recent innovation or market expansion.
- The company has a strong return on equity and assets, indicating efficient capital use.
- The high debt-to-equity ratio suggests a significant reliance on debt financing.
- The company's liquidity position is medium, with a current ratio below 1.
- There is no geographic or segment diversification, increasing exposure to regional risks.
- The company's growth trajectory is limited, with no recent revenue expansion.
Bull / Bear case
analysis pipelineIn focus — financials by report
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Estimate revisions
consensus EPS · 26-week trendSell-side observations
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ESG
Risk factors
- Net cash is negative after subtracting total debt.
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- THEA.SI Market data — financials · 2026-05-29