| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 26.80 | 2553 |
| Intrinsic value (DCF) | 5692.95 | 563558 |
| Graham-Dodd Method | n/a | |
| Graham Formula | n/a |
Ohmyhome Limited (NASDAQ: OMH) is a Singapore-based digital real estate platform revolutionizing property transactions in Southeast Asia. Operating in Singapore, Malaysia, and the Philippines, the company provides an integrated online marketplace for buying, selling, renting, and leasing residential properties. Beyond core brokerage services, Ohmyhome offers a comprehensive ecosystem of property-related solutions including mortgage advisory, legal conveyancing, home renovation services, and moving assistance. Founded in 2015, the company leverages proprietary technology to deliver automated property valuations, transaction tools, and data analytics, positioning itself as a one-stop digital solution in the region's growing proptech sector. With its asset-light model and focus on high-growth Southeast Asian markets, Ohmyhome aims to disrupt traditional real estate services through mobile-first accessibility and transaction efficiency. The platform serves both HDB (public housing) and private condo markets, with particular strength in Singapore's tech-savvy urban centers.
Ohmyhome presents a high-risk, high-reward opportunity in the emerging Southeast Asian proptech space. The company's negative earnings (-$4.3M net income) and cash burn (-$3M operating cash flow) reflect aggressive growth investments in a competitive landscape, though its modest $5M market capitalization suggests significant upside if execution succeeds. Key attractions include exposure to Singapore's resilient housing market (where HDB resale prices hit record highs in 2023), asset-light scalability, and first-mover advantage in digitizing regional transactions. However, risks include intense competition from well-funded rivals, reliance on Singapore's cooling measures-sensitive market (85% of revenue), and unproven expansion in Malaysia/Philippines. The 0.307 beta indicates low correlation to broader markets, potentially appealing for portfolio diversification. Investors should monitor user acquisition costs and the path to profitability in 2024-2025.
Ohmyhome competes in Southeast Asia's fragmented proptech sector by combining marketplace functionality with full-stack transaction services—a hybrid model distinguishing it from pure-listings platforms. Its competitive edge lies in proprietary valuation algorithms tailored for Singapore's unique HDB market and integrated legal/mortgage services that capture more of the transaction value chain. However, the company faces scaling challenges against regional heavyweights like PropertyGuru (dominant in listings) and global player REA Group. In Singapore, Ohmyhome's mobile-first approach and fixed-fee options undercut traditional agencies' 1-2% commissions, but brand recognition lags behind incumbents. The platform's weakness in high-end residential and commercial segments limits revenue diversification. Technological differentiation is modest compared to AI-driven rivals, though its Philippines expansion (where online penetration is low) could provide first-mover benefits. Ohmyhome's capital constraints ($1.1M cash) restrict marketing spend versus deep-pocketed competitors, necessitating viral growth strategies. Success hinges on converting its 85% Singapore-revenue concentration into regional diversification while maintaining unit economics—a challenging balance in markets with varying digital adoption rates.