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DISA (532) AI Stock Analysis

SG:532

DISA

(SGX:532)

Select Model
Rating:45Neutral
Price Target:SGD 0.01â–²(900.00% Upside)
Action:reiterated
Date:09/06/26

The score is held down primarily by steep revenue contraction, persistent losses, and ongoing negative operating/free cash flow. The key offset is a relatively conservative balance sheet with minimal leverage and improved gross margin, but valuation remains challenged due to negative earnings and no dividend data.

Positive Factors
Conservative balance sheetMinimal leverage reduces solvency pressure and preserves financial flexibility during continued operating weakness. A relatively conservative capital structure may allow DISA to manage obligations and pursue corrective actions without the additional burden of substantial debt servicing.
Negative Factors
Severe revenue contractionThe steep multi-year revenue decline indicates substantial pressure on DISA's commercial scale and revenue base. Unless the company reverses this trend, the smaller operating platform will make it harder to absorb fixed costs, fund development, and restore sustainable profitability.

DISA (532) vs. iShares MSCI Singapore ETF (EWS)

Not enough price history over this period.

Market Cap
SGD 14.09M
Dividend Yield
―
Average Volume (3M)
―
Price to Earnings (P/E)
-48.1
Beta (1Y)
2.59
Revenue Growth
-64.71%
EPS Growth
50.00%
Country
Singapore
Employees
12
Sector
Technology
Sector Strength
61
Industry
Software - Application

DISA Business Overview & Revenue Model

Company Description

DISA Limited, an investment holding company, operates as a technology enterprise across Singapore, China, Hong Kong, and the United States. Its core business is providing advanced asset protection solutions for the retail sector. Key offerings includ...

DISA Financial Statement Overview

Summary

Financial performance is weak: revenue has contracted sharply over multiple years, losses persist, and operating/free cash flow remain negative. The low-debt balance sheet and improved gross margin in 2026 are positives, but they do not yet offset ongoing cash burn and continued value erosion.

Income Statement

18Very Negative

Balance Sheet

64Positive

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue2.48M2.32M6.09M7.54M10.92M24.27M
Gross Profit901.50K1.14M701.00K723.00K742.00K1.53M
EBITDA-2.68M-2.46M-2.69M-1.77M-2.15M-1.64M
Net Income-2.12M-1.71M-2.54M-1.92M-2.46M-2.00M
Balance Sheet
Total Assets6.92M6.92M3.33M2.73M3.48M5.60M
Cash, Cash Equivalents and Short-Term Investments2.16M2.16M2.71M1.39M1.67M3.05M
Total Debt5,0005,000115.00K497.00K414.00K252.00K
Total Liabilities3.88M3.88M976.00K1.25M1.21M1.02M
Stockholders Equity2.87M2.87M2.36M1.35M2.27M4.58M
Cash Flow
Free Cash Flow-1.83M-1.70M-2.04M-1.02M-1.11M-952.00K
Operating Cash Flow-1.81M-1.67M-2.03M-1.01M-1.11M-728.00K
Investing Cash Flow-599.00K-770.00K122.00K863.00K28.00K-1.07M
Financing Cash Flow2.45M1.88M3.15M-123.00K-223.00K-185.00K

DISA Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

SG:532 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SG:AWXSG:AWX67NeutralSGD 2.38B52.468.82%0.50%14.91%226.44%
SG:E28SG:E2866NeutralSGD 951.86M22.387.99%1.37%1.00%-1.32%
SG:8AZSG:8AZ62NeutralSGD 293.28M8.8012.44%30.26%-8.15%-16.22%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
SG:MZHSG:MZH47NeutralSGD 527.90M36.653.27%1.81%9.77%10.50%
SG:532SG:53245NeutralSGD 14.16M-48.09-50.95%―-64.71%50.00%

* Technology Sector Average

Performance Comparison

0%200%400%SG:8AZSG:AWXSG:BDRSG:E28SG:MZHDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
SG:532 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SG:532DISA ―――
SG:8AZAztech Global Ltd.0.38-0.21-35.81%
SG:AWXAEM Holdings Ltd.7.455.57295.86%
SG:BDRWillas-Array Electronics (Holdings) Limited0.40-0.64-61.54%
SG:E28Frencken Group Limited2.010.3520.87%
SG:MZHNanofilm Technologies International Ltd.0.810.1014.73%

DISA Corporate Events

DISA Drops S$5 Million Convertible Bond Placement, Seeks New Funding Routes

Jul 27, 2026

DISA Limited has mutually agreed with UOB Kay Hian Private Limited to terminate a letter of appointment for a proposed placement of up to S$5 million in unlisted, transferable convertible bonds. The termination, effective 27 July 2026, follows furthe...

DISA Launches S$5 Million Secured Convertible Bond Placement

Jul 6, 2026

DISA Limited has appointed UOB Kay Hian as placement agent for an exempt placement of up to S$5 million in secured convertible bonds targeting accredited investors, with security over its entire shareholding and operating bank accounts in Disa Digita...

DISA Updates Use of Rights Issue Proceeds, Commits to Ongoing Disclosure

Jul 6, 2026

DISA Limited has provided an update on the deployment of net proceeds from its earlier Rights cum Warrants Issue, detailing how S$702,000 raised has been used and what remains unutilised. Of this amount, S$437,000 has gone to general working capital,...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 06, 2026