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Polaris Ltd.
(SGX:5BI)
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Rating:46Neutral
Price Target:―
Action:Reiterated
Date:08/04/26
The score is held down primarily by ongoing losses and negative, weakening free cash flow despite revenue recovery. A strengthened, low-leverage balance sheet provides some downside support, but limited technical data and a negative P/E (loss-making) keep confidence in near-term improvement restrained.
Positive Factors
Low leverage / strong balance sheet
Material deleveraging meaningfully reduces financial risk and gives management flexibility to fund operations or opportunistic investments without immediate reliance on capital markets. A conservative balance sheet supports survival through cyclical weakness and underpins medium-term recovery efforts.
Negative Factors
Negative free cash flow
Persistent cash burn undermines financial resilience and limits capacity to reinvest or fund growth organically. Ongoing negative FCF increases probability of needing external financing or cost cuts, raising execution risk if the timing of a turnaround lengthens beyond management's plan.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Material deleveraging meaningfully reduces financial risk and gives management flexibility to fund operations or opportunistic investments without immediate reliance on capital markets. A conservative balance sheet supports survival through cyclical weakness and underpins medium-term recovery efforts.
Read all positive factors
Polaris Ltd. (5BI) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$17.05M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)0.54
Revenue GrowthN/A
EPS GrowthN/A
CountrySG
Employees33
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)N/A
Shares Outstanding17,053,170,000
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)3.41
Price to Sales (P/S)0.67
P/FCF Ratio-11.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Polaris Ltd. Business Overview & Revenue Model
Company Description
Polaris Ltd., an investment holding company, engages in the distribution and sale of smart mobile devices and lifestyle electronics in Singapore, Indonesia, the Philippines, South Korea, South Africa, Thailand, and Vietnam. It operates through thr...
Polaris Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
63
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 27.30M | 25.32M | 23.50M | 22.12M | 27.28M | 53.44M |
| Gross Profit | 3.57M | 3.32M | 3.08M | 2.27M | 3.08M | 11.46M |
| EBITDA | -139.00K | -206.00K | -1.72M | -1.94M | -4.57M | 1.05M |
| Net Income | -785.00K | -469.00K | -1.73M | -2.00M | -4.05M | -394.00K |
Balance Sheet | ||||||
| Total Assets | 4.26M | 5.56M | 7.72M | 10.56M | 13.38M | 35.99M |
| Cash, Cash Equivalents and Short-Term Investments | 1.35M | 924.00K | 801.00K | 2.41M | 6.23M | 2.10M |
| Total Debt | 224.00K | 501.00K | 2.29M | 2.71M | 3.15M | 3.86M |
| Total Liabilities | 1.61M | 2.02M | 3.48M | 4.16M | 4.68M | 20.24M |
| Stockholders Equity | 4.41M | 4.99M | 5.45M | 7.42M | 9.42M | 13.54M |
Cash Flow | ||||||
| Free Cash Flow | -1.93M | -1.52M | -1.14M | -3.34M | 242.00K | -3.15M |
| Operating Cash Flow | -1.85M | -1.38M | -1.07M | -2.71M | 324.00K | -2.41M |
| Investing Cash Flow | 2.17M | 3.23M | -62.00K | -627.00K | 4.52M | -428.00K |
| Financing Cash Flow | -725.00K | -1.73M | -476.00K | -483.00K | -712.00K | 451.00K |
Polaris Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | S$142.01M | 14.81 | 15.56% | 1.68% | 1.49% | -15.83% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
47 Neutral | S$17.62M | -2.63 | -40.39% | 1.67% | -16.75% | 15.23% | |
46 Neutral | S$17.05M | -21.72 | -16.70% | ― | ― | ― | |
43 Neutral | S$11.45M | -5.39 | -33.01% | 0.61% | 1.35% | 24.00% |
* Consumer Cyclical Sector Average
SG:5BI
Polaris Ltd.
―
―
―
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Polaris Ltd. Corporate Events
Polaris Shareholders Back All Resolutions at 2026 AGM
May 22, 2026
Polaris Ltd. held its annual general meeting in Singapore on 28 April 2026, where shareholders were briefed on the company’s affairs and voting procedures, including the use of an independent polling agent and scrutineer to oversee vote coun...
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.