olivLaw · US equity research
Ohmyhome Ltd OMH
Real Estate Agents & Managers (For Others) · SIC 6531 · Vertical: Real Estate Agents & Managers (For Others) (SIC 6531)
Ohmyhome is a Singapore-based property technology company operating a one-stop-shop platform for brokerage, property management and related services. Brokerage activity contracted in 2025 while property management grew visibly, and this shift in the revenue profile is what draws attention to the company's direction.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Ohmyhome Ltd (OMH) stock was 15.55 USD (+432.53% on the day), with market capitalisation 346.1 m USD, beta -3.16, 52-week range 2.16–94.00 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 93.0
- overbought (≥ 70)
- Bollinger (20, 2)
- -2.01 – 9.07
- above the upper band · %B 1.59 · band width 313.6%
- SMA 50 / 200
- 3.04 / 33.10
- mixed trend
- MACD (12, 26, 9)
- 0.96 / 0.12
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +473.8% | −1.1% | +474.9 pp | — |
| 3 months | +159.2% | −0.5% | +159.6 pp | — |
| 6 months | −67.2% | +4.4% | −71.6 pp | — |
| Year to date | −61.5% | +12.3% | −73.8 pp | — |
| 1 year | −74.9% | +13.5% | −88.5 pp | −16.3% |
| 3 years | −84.8% | +76.4% | −161.2 pp | −12.1% |
| 5 years | unavailable | +63.7% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | unavailable | 5.2 m | 3.8 m | 8.0 m | 9.5 m |
| Revenue YoY | unavailable | unavailable | −27.6% | +110.1% | +19.5% |
| Net income | unavailable | -2.3 m | -4.1 m | -3.2 m | -7.2 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | -0.14 | -0.23 | -0.13 | unavailable |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | unavailable | -43.5% | -109.3% | -39.8% | -75.2% |
| Free cash flow | unavailable | -2.3 m | -3.7 m | -2.2 m | -3.4 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 3.6 m USD
- Financial debt
- 3.0 k USD
- Net debt
- -3.6 m USD
- Equity
- 3.3 m USD
- Total assets
- 7.1 m USD
- Debt / equity
- 0.00x
- Current ratio
- 1.25x
- ROE
- -180.0%
- ROA
- -95.3%
- FCF margin
- -35.3%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | 5.2 m | 3.8 m | 8.0 m | 9.5 m | SEC (XBRL)· 28 Apr 2026verified |
| Cost of revenue | 3.5 m | 2.5 m | 4.7 m | 6.5 m | SEC (XBRL)· 28 Apr 2026verified |
| Gross profit | 1.7 m | 1.3 m | 3.2 m | 3.0 m | SEC (XBRL)· 28 Apr 2026verified |
| Research & development | — | 853.1 k | 784.6 k | 171.7 k | SEC (XBRL)· 28 Apr 2026verified |
| Operating income | -2.4 m | -4.0 m | -3.2 m | -7.2 m | SEC (XBRL)· 28 Apr 2026verified |
| Depreciation & amortisation | 22.3 k | 26.1 k | 30.8 k | 106.2 k | SEC (XBRL)· 28 Apr 2026verified |
| EBITDA | -2.4 m ≈ | -4.0 m ≈ | -3.2 m ≈ | -7.1 m ≈ | SEC (XBRL)· 28 Apr 2026derived |
| Interest expense | 29.2 k | 14.5 k | 24.2 k | 12.2 k | SEC (XBRL)· 28 Apr 2026verified |
| Pre-tax income | -2.3 m | -4.2 m | -3.2 m | -7.2 m | SEC (XBRL)· 28 Apr 2026verified |
| Net income | -2.3 m | -4.1 m | -3.2 m | -7.2 m | SEC (XBRL)· 28 Apr 2026verified |
| Diluted EPS | -0.14 | -0.23 | -0.13 | — | SEC (XBRL)· 29 Apr 2025verified |
| Weighted average diluted shares | 16.3 m | 1.8 m | 2.4 m | 14.1 m | SEC (XBRL)· 28 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | 224.9 k | 145.4 k | 838.7 k | 3.6 m | SEC (XBRL)· 28 Apr 2026verified |
| Receivables | 181.8 k | 440.3 k | 376.4 k | 574.2 k | SEC (XBRL)· 28 Apr 2026verified |
| Current assets | 450.3 k | 752.7 k | 1.4 m | 4.7 m | SEC (XBRL)· 28 Apr 2026verified |
| Property, plant & equipment, net | 26.4 k | 59.7 k | 46.6 k | 50.5 k | SEC (XBRL)· 28 Apr 2026verified |
| Goodwill | — | 1.6 m | 1.7 m | 712.7 k | SEC (XBRL)· 28 Apr 2026verified |
| Intangibles (excl. goodwill) | — | 2.3 m | 1.8 m | 1.4 m | SEC (XBRL)· 28 Apr 2026verified |
| Total assets | 1.6 m | 7.8 m | 7.9 m | 7.1 m | SEC (XBRL)· 28 Apr 2026verified |
| Accounts payable | 50.5 k | 340.4 k | 251.5 k | 899.1 k | SEC (XBRL)· 28 Apr 2026verified |
| Long-term debt | — | 422.8 k | 478.3 k | 3.0 k | SEC (XBRL)· 28 Apr 2026verified |
| Current liabilities | 2.6 m | 2.1 m | 1.5 m | 3.8 m | SEC (XBRL)· 28 Apr 2026verified |
| Total liabilities | 3.2 m | 4.8 m | 3.3 m | 3.8 m | SEC (XBRL)· 28 Apr 2026verified |
| Equity | -1.6 m | 3.0 m | 4.6 m | 3.3 m | SEC (XBRL)· 28 Apr 2026verified |
| Shares outstanding at year end | 16.3 m | 22.8 m | 23.6 m | 22.3 m | SEC (XBRL)· 28 Apr 2026verified |
Cash flow · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Operating cash flow | -2.3 m | -3.7 m | -2.2 m | -3.3 m | SEC (XBRL)· 28 Apr 2026verified |
| Capex | 11.4 k | 38.2 k | 19.8 k | 71.5 k | SEC (XBRL)· 28 Apr 2026verified |
| Free cash flow | -2.3 m ≈ | -3.7 m ≈ | -2.2 m ≈ | -3.4 m ≈ | SEC (XBRL)· 28 Apr 2026derived |
| Investing cash flow | 638.2 k | -3.4 m | -935.2 k | -118.0 k | SEC (XBRL)· 28 Apr 2026verified |
| Financing cash flow | 973.8 k | 7.1 m | 3.8 m | 6.3 m | SEC (XBRL)· 28 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Market and valuation
9 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 56.5% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 346.1 m USD
Key indicators
Coverage and freshness
Score by group
57% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.11 – 0.37 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- Net asset value (NAV)unavailable · input data missing
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
- Peers: P/B0.11 – 0.37 (Mid 0.32)11 companies used · median multiple 1.9x · quartiles 0.7x – 2.2xAGNT, COMP, DOUG, FTHM, JLL, LHAI, MMI, OPAD, OPEN, PETZ, VAC
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 56.5% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROE · Quality | -164.6% | 8 (vs peers) | 12% |
| EBITDA margin · Quality | -74.6% | 0 (on a fixed band) | 15% |
| Revenue CAGR 3Y · Growth | 22.0% | 100 (on a fixed band) | 15% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -591.5x | 0 (on a fixed band) | 23% |
| P/B · Valuation | 92.7x | 0 (vs peers) | 35% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| Dividend yield · Returns | unavailable | unavailable | — |
| Payout ratio (EPS) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial0/100 · 1/2 factors with a value
- Growth100/100 · 1/1 factors with a value
- Quality3/100 · 2/2 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Ohmyhome Limited (OMH). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 9.5 m USD in 2025; YoY growth 19.5%; net margin -75.2%; ROE -164.6%.
The estimated value range is 0.11–0.37 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 0.32 USD, the price of 15.55 USD leaves a potential of -97.9% (value / price − 1) and a margin of safety of -4,695.1% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 56.5% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 22.0%
What contradicts it
- ROE: -164.6%
- EBITDA margin: -74.6%
- Interest coverage: -591.5x
- P/B: 92.7x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, P/E (TTM), Dividend yield, Payout ratio (EPS).
Versus the vertical median
Real Estate Agents & Managers (For Others) (SIC 6531) · same industry (4-digit SIC) · compared with 14 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| JLLJones Lang LaSalle Incorporated | 17.8 bn | 16.9 | 14.7% | 3.9% | +11.4% | +20% / +151% |
| COMPCompass, Inc. | 7.6 bn | 180.8 | 3.6% | 0.6% | +23.7% | −4% / +352% |
| VACMarriott Vacations Worldwide Corp | 3.9 bn | — | -10.9% | -4.7% | +1.3% | +110% / +57% |
| OPENOpendoor Technologies Inc. | 1.9 bn | — | -196.9% | -46.7% | −15.2% | −74% / −34% |
| MMIMarcus & Millichap, Inc. | 1.1 bn | 79.3 | 2.4% | 1.8% | +8.5% | +1% / −14% |
| AGNTAgnt, Inc. | 713.6 m | — | -6.9% | -0.3% | +4.5% | −62% / −65% |
| OMHOhmyhome Limited | 346.1 m | — | -164.6% | -75.2% | +19.5% | −75% / −85% |
| DOUGDouglas Elliman Inc. | 151.8 m | 5.6 | 16.3% | 2.5% | +3.8% | −37% / −14% |
| LHAILinkhome Holdings Inc. | 15.8 m | — | -5.6% | -1.4% | +175.7% | −92% / unavailable |
| PETZTDH Holdings, Inc. | 12.8 m | 7.3 | 6.2% | 143.8% | +122.0% | +25% / −10% |
| OPADOfferpad Solutions Inc. | 11.8 m | — | -116.9% | -11.3% | −38.2% | +19% / −78% |
| FTHMFathom Holdings Inc. | 6.1 m | — | -79.0% | -6.3% | +25.4% | −86% / −94% |
| LRHCStratum Holdings Corp. | 1.4 m | — | — | -46.4% | +16.7% | −100% / unavailable |
| NMRKNewmark Group, Inc. | — | 17.5 | 10.9% | 4.1% | +20.3% | −29% / +50% |
| BEKEKE Holdings Inc. | — | 154.8 | 4.4% | 3.2% | +5.6% | +8% / +17% |
1- and 3-year price returns: for OMH from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 28 Apr 2026; since then the company filed 6-K (26 Oct 2026), 6-K (16 Oct 2026), 6-K (13 Oct 2026), 6-K (07 Oct 2026), 6-K (17 Sept 2026), 6-K (10 Sept 2026).
In brief
Ohmyhome is a Singapore-based property technology company operating a one-stop-shop platform for brokerage, property management and related services. Brokerage activity contracted in 2025 while property management grew visibly, and this shift in the revenue profile is what draws attention to the company's direction 1.
SWOT
Strengths
Weaknesses
Opportunities
Risks
- Falling transaction activityhigh
Transaction numbers and value declined in 2025, and if the trend continues brokerage revenue would remain under pressure 1.
- Dependence on government policyhigh
Singapore cooling measures could reduce volumes and transaction value, and their effects are hard to anticipate 1.
- Real estate cyclicalitymedium
Revenue rises or falls with sector performance, and high interest rates could weaken demand 1.
- Fixed costs and seasonalitymedium
Fixed agent compensation does not fall in weak quarters, which could weigh on results 1.
- Pricing pressurelow
Sellers are more sensitive to commissions, and fee reductions could hurt margins 1.
Investment thesis
What would need to be true (bull case)
- If property management keeps growing, the company could build a steadier and less cyclical revenue base 1.
- If the share of private property and digital services keeps rising, the revenue profile could become more diversified 1.
- The integrated platform could turn technological efficiency into a cost advantage over traditional competitors 1.
What to watch
- Trend in transaction counts and gross transaction valueQ1 2027
- Growth in units under management and property management revenue2027
- Effect of government cooling measures on the private property marketnext 10-K
- Contribution of digital marketing services to revenue2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 28 Apr 2026; since then the company filed 6-K (26 Oct 2026), 6-K (16 Oct 2026), 6-K (13 Oct 2026), 6-K (07 Oct 2026), 6-K (17 Sept 2026), 6-K (10 Sept 2026).
The business
Ohmyhome Ltd is a data and technology-driven property technology company based in Singapore that operates through subsidiaries a one-stop-shop brokerage and services platform 1. Its offering includes brokerage services, property management, and emerging services such as renovation, furnishing, listing and research, mortgage referral, legal services and insurance referral 1. The company aims to transform the transaction process by combining proprietary technology with its in-house Super Agents in an industry dominated by commissions 1.
In 2025, real estate transactions numbered 1,700, down 16.7% from the prior year, and gross transaction value fell 26.1% 1. Meanwhile units under management reached 12,472, up 37.5%, and property management revenue in SGD rose 43.1% 1. The sources indicate that brokerage revenue no longer alone anchors performance, with property management and digital marketing services gaining weight 1.
The company describes a differentiated commission model: for sellers the commission is 1.0% for HDB flats and up to 2.0% for private properties, while when representing buyers commissions are shared with the seller's agents 1. The sources note that in 2025 around 49% of transactions were private property, far above the share in earlier years 1.
Segments
Property management
Ohmyhome Property Management (S) manages condominiums in Singapore, and units under management have risen every year to 12,472 in 2025 1. The company links this growth to new residential projects and a preference for mobile services over paper-based workflows 1.
Emerging and digital marketing services
Emerging services include renovation, furnishing, moving, legal services and mortgage and insurance referrals, and in 2025 digital marketing services appeared with reported revenue of about 323,525 SGD 1. Emerging services revenue grew in 2025 while associated transaction counts fell 1.
Market context
The Singapore transaction market has entered a phase of stabilisation and divergence: in 2025 HDB resale transactions declined while private property transactions grew significantly 1. Government cooling measures, including cutting the HDB loan-to-value limit from 80% to 75% in August 2024, may affect buyers' ability to afford higher-valued homes 1. The cyclicality of the sector means transaction volumes and commissions are sensitive to interest rates and economic conditions 1.
Seasonality is pronounced: transaction volume rises from July through the second half of the year and declines over the first months of the calendar year, weighing mostly on the first two quarters 1. Because part of agent compensation is fixed, expenses do not fall proportionally in weak periods 1.
Trends
- Shift toward private property and property managementmixed
The share of private property transactions rose from about 15% in 2024 to about 49% in 2025, and property management has become a growth driver 1. If this trend continues, the revenue profile could become less dependent on seller brokerage 1.
- Government cooling measuresheadwind
Higher stamp duties, tighter debt servicing thresholds and lower LTV limits could reduce the volume and value of brokered transactions, and in July 2025 the taxable holding period was extended from three to four years 1.
- Investment in technology and marketingtailwind
The company states it will keep investing in technology, tools and marketing to grow market share, and efficiency gains for internal teams and agents could support margins over the long term 1.
- Cyclicality and interest ratesheadwind
The residential industry is cyclical: higher interest rates raise the cost of homeownership and can slow demand, particularly in the private property market 1.
Competitive position
The sources do not explicitly name competitors, but the company positions itself as a technology platform that offers lower costs than traditional brokerage 1. Competition includes traditional Singapore real estate agents as well as digital listing and intermediation platforms and related service providers 1.
Commission pricing is a key factor, and the company says sellers are more sensitive to price than buyers 1. Differentiation depends on technology, the integrated service network and the ability to attract listings 1.
- Traditional Singapore real estate agents
Direct competition for brokerage transactions at traditional commission levels, not explicitly identified in the source 1.
- Digital property listing platforms
Competition for listings and DIY users, not explicitly identified in the source 1.
- Condominium management service providers
Competition for management contracts, where the company promotes a mobile-first approach 1.
- Mortgage and legal service providers
Partners or competitors for the related services offered through the company's platform 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)26 Oct 2026
- Current report (foreign issuer)16 Oct 2026
- Current report (foreign issuer)13 Oct 2026
- Current report (foreign issuer)07 Oct 2026
- Current report (foreign issuer)17 Sept 2026
- Current report (foreign issuer)10 Sept 2026
- Current report (foreign issuer)25 Aug 2026
- Current report (foreign issuer)20 Aug 2026
- Current report (foreign issuer)11 Aug 2026
- Current report (foreign issuer)28 Jul 2026
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Ohmyhome Ltd · 28 Apr 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.