Want to see SG:8AZ full AI Analyst Report?
Top Page
Aztech Global Ltd.
(SGX:8AZ)
Select Model
Select Model
Rating:66Neutral
Price Target:
S$0.44
▼(-22.28% Downside)
Action:Reiterated
Date:10/16/26
The score is supported primarily by a conservative balance sheet and generally decent cash conversion, alongside a supportive valuation (moderate P/E and very high dividend yield). Offsetting these positives are deteriorating recent operating results (2025 revenue and margin pressure) and weak technicals, with price below key moving averages and bearish momentum indicators.
Positive Factors
Conservative balance sheet
Very low leverage gives Aztech financial flexibility through business cycles and reduces the burden of interest and refinancing obligations. This supports continued investment in product development and manufacturing capacity while providing greater resilience if demand remains uneven.
Negative Factors
Sharp revenue contraction
The sharp 2025 revenue reduction signals weaker business scale and creates pressure on utilization, fixed-cost absorption and future earnings capacity. Sustained contraction would make it harder for Aztech to maintain operating efficiency and fund growth at levels achieved in earlier years.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage gives Aztech financial flexibility through business cycles and reduces the burden of interest and refinancing obligations. This supports continued investment in product development and manufacturing capacity while providing greater resilience if demand remains uneven.
Read all positive factors
Aztech Global Ltd. (8AZ) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$316.44M
Dividend Yield28.05%
Average Volume (3M)1.31M
Price to Earnings (P/E)9.5
Beta (1Y)0.18
Revenue Growth-8.15%
EPS Growth-16.22%
CountrySG
Employees2,000
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.04
Shares Outstanding773,825,560
10 Day Avg. Volume2,242,480
30 Day Avg. Volume1,307,706
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)1.73
Price to Sales (P/S)1.17
P/FCF Ratio11.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$0.53Price Target Upside-7.02% Downside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.02
Revenue Forecast (FY)S$299.67M
Aztech Global Ltd. Business Overview & Revenue Model
Company Description
Headquartered in Singapore and a subsidiary of Azventure Investments Ltd., Aztech Global Ltd. (formerly known as Aztech Global Pte. Ltd. until its name change in February 2021) was established in 1986. The company is actively involved in the resea...
How the Company Makes Money
Aztech Global Ltd. makes money primarily by selling electronics products and by providing end-to-end product realization and manufacturing services. Key revenue streams typically include: (1) contract/outsourced manufacturing revenue (electronics ...
Aztech Global Ltd. Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
82
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 398.46M | 432.50M | 621.61M | 896.29M | 820.24M | 624.36M |
| Gross Profit | 114.02M | 51.27M | 141.57M | 148.86M | 204.66M | 155.47M |
| EBITDA | 33.24M | 46.98M | 91.29M | 133.56M | 90.27M | 95.85M |
| Net Income | 33.44M | 40.17M | 70.53M | 100.01M | 67.19M | 74.38M |
Balance Sheet | ||||||
| Total Assets | 357.67M | 428.32M | 471.21M | 597.27M | 541.39M | 518.20M |
| Cash, Cash Equivalents and Short-Term Investments | 204.72M | 269.58M | 311.26M | 272.02M | 226.22M | 201.51M |
| Total Debt | 14.17M | 13.13M | 17.13M | 22.20M | 8.45M | 18.03M |
| Total Liabilities | 138.72M | 136.70M | 132.12M | 252.33M | 257.39M | 225.23M |
| Stockholders Equity | 218.95M | 291.63M | 339.09M | 344.94M | 284.00M | 292.97M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 43.30M | 109.91M | 86.72M | 99.96M | 37.11M |
| Operating Cash Flow | 0.00 | 45.05M | 113.30M | 90.99M | 106.42M | 41.90M |
| Investing Cash Flow | 0.00 | -122.64M | 29.05M | -13.70M | -34.45M | -4.10M |
| Financing Cash Flow | 0.00 | -91.80M | -83.08M | -43.48M | -75.36M | 151.92M |
Aztech Global Ltd. Technical Analysis
Negative
0.57
Price Trends
0.53
Negative
0.66
Negative
0.70
Negative
Market Momentum
-0.04
Positive
14.52
Positive
16.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:8AZ, the sentiment is Negative. The current price of 0.57 is above the 20-day moving average (MA) of 0.47, above the 50-day MA of 0.53, and below the 200-day MA of 0.70, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 14.52 is Positive, neither overbought nor oversold. The STOCH value of 16.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:8AZ.
Aztech Global Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | S$408.16M | 19.88 | 8.07% | 6.53% | -7.63% | -33.33% | |
66 Neutral | S$316.44M | 9.49 | 12.44% | 28.05% | -8.15% | -16.22% | |
63 Neutral | S$397.80M | 60.91 | 32.69% | ― | 53.91% | 157.14% | |
63 Neutral | S$970.80M | 22.83 | 7.99% | 1.34% | 1.00% | -1.32% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | S$58.27M | -91.43 | -1.59% | 5.95% | 5.31% | 89.76% | |
57 Neutral | S$2.54B | 56.06 | 8.82% | 0.46% | 14.91% | 226.44% |
* Technology Sector Average
SG:8AZ
Aztech Global Ltd.
0.41
-0.18
-30.27%
SG:BN2
Valuetronics Holdings
0.95
0.14
17.10%
SG:A31
Addvalue Technologies Ltd
0.11
0.07
151.16%
SG:AWX
AEM Holdings Ltd.
7.96
6.09
325.21%
SG:E28
Frencken Group Limited
2.05
0.48
30.32%
SG:N01
Nera Telecommunications Ltd
0.16
0.04
35.29%
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.