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Thakral Corporation Ltd (AWI) AI Stock Analysis
Thakral Corporation Ltd
(SGX:AWI)
The score is anchored by mixed fundamentals: strong revenue growth and a reasonable balance sheet are offset by consistently negative operating/free cash flow and recent operating pressure (negative TTM EBIT). Valuation is a clear positive (very low P/E and high dividend yield), but technicals remain weak with the stock trading below major moving averages and negative MACD, despite oversold readings.
Thakral Corporation Ltd (AWI) vs. iShares MSCI Singapore ETF (EWS)
- Market Cap
- SGD 200.75M
- Dividend Yield
- 6.44%
- Average Volume (3M)
- 38.17K
- Price to Earnings (P/E)
- 3.1
- Beta (1Y)
- -0.07
- Revenue Growth
- 37.15%
- EPS Growth
- -56.08%
- Country
- Singapore
- Employees
- 393
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Specialty Retail
Thakral Corporation Ltd Business Overview & Revenue Model
Company Description
Thakral Corporation Ltd operates as an investment holding company with a global reach, primarily involved in the marketing and distribution of beauty, fragrance, and various lifestyle goods. Its extensive presence covers Singapore, India, the wider S...
How the Company Makes Money
Thakral Corporation Ltd primarily makes money through (1) sales of goods in its distribution businesses and (2) returns from investments/associates where applicable. In the distribution segment, revenue is generated by purchasing products from brand...
Thakral Corporation Ltd Financial Statement Overview
Summary
Revenue has scaled strongly (160.4M in 2022 to 440.2M TTM) and leverage looks manageable with improving debt-to-equity (~0.25). However, earnings quality is a key concern: EBIT is negative in TTM and operating/free cash flow are consistently negative (TTM OCF -27.1M; TTM FCF -28.7M), suggesting weak cash conversion and higher sustainability risk despite strong reported net margins.
Income Statement
72PositiveBalance Sheet
68PositiveCash Flow
32Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 440.18M | 411.33M | 288.81M | 212.27M | 160.42M | 127.80M |
| Gross Profit | 99.15M | 108.79M | 54.16M | 45.90M | 39.22M | 27.86M |
| EBITDA | 38.90M | 60.04M | 50.50M | 32.24M | 40.12M | 43.81M |
| Net Income | 55.19M | 170.93M | 28.81M | 8.18M | 18.62M | 19.21M |
Balance Sheet | ||||||
| Total Assets | 719.31M | 603.66M | 359.51M | 328.99M | 348.87M | 349.39M |
| Cash, Cash Equivalents and Short-Term Investments | 38.88M | 32.35M | 11.28M | 12.78M | 39.46M | 25.65M |
| Total Debt | 160.32M | 81.95M | 71.77M | 61.42M | 51.36M | 61.28M |
| Total Liabilities | 301.60M | 231.33M | 143.74M | 128.23M | 120.57M | 116.50M |
| Stockholders Equity | 367.87M | 325.72M | 163.12M | 149.41M | 153.39M | 154.30M |
Cash Flow | ||||||
| Free Cash Flow | -28.66M | -11.75M | -11.73M | -16.30M | -11.07M | -14.39M |
| Operating Cash Flow | -27.09M | -9.81M | -11.00M | -14.91M | -10.78M | -14.02M |
| Investing Cash Flow | 3.65M | 34.24M | 15.06M | 10.88M | 40.13M | 19.56M |
| Financing Cash Flow | 53.87M | -6.64M | -2.85M | -3.41M | -18.50M | -1.54M |
Thakral Corporation Ltd Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:AWI, the sentiment is Negative. The current price of 1.32 is below the 20-day moving average (MA) of 1.42, below the 50-day MA of 1.54, and below the 200-day MA of 1.71, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 28.26 is Positive, neither overbought nor oversold. The STOCH value of 20.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:AWI.
Thakral Corporation Ltd Peers Comparison
Overall Rating
SG:AGS73Outperform- SG:AWI61Neutral
SG:B2859Neutral
SG:M0138Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SG:AGS | 73Outperform | SGD 1.66B | 9.21 | 17.57% | 2.33% | 15.08% | 32.76% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| SG:AWI | 61Neutral | SGD 200.76M | 3.06 | 15.91% | 6.44% | 37.15% | -56.08% |
| SG:B28 | 59Neutral | SGD 369.40M | 17.09 | 2.58% | 1.30% | 5.22% | 297.06% |
| SG:M01 | 38Underperform | SGD 281.53M | -1.39 | -20.02% | 5.88% | -6.56% | 9.61% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SG:AWI | Thakral Corporation Ltd | 1.32 | -0.24 | -15.49% | |
| SG:AGS | Hour Glass Ltd. | 2.58 | 0.56 | 27.66% | |
| SG:B28 | Bonvests Holdings Limited | 0.92 | -0.05 | -4.96% | |
| SG:C41 | Cortina Holdings Limited | 4.08 | 0.81 | 24.77% | |
| SG:M01 | Metro Holdings Ltd | 0.34 | -0.18 | -34.74% | |
| SG:O9E | Parkson Retail Asia Limited | 0.09 | -0.04 | -30.40% |
Thakral Corporation Ltd Corporate Events
Thakral unlocks S$21 million from Osaka office sale as capital recycling drive continues
Thakral Corporation Ltd has divested the Utsubo East Building, a freehold commercial property in Osaka’s Honmachi district, for JPY4.12 billion, 16% above its carrying value and more than double its 2018 purchase price. With an effective 55% st...
Thakral plans SGX spin-off of key lifestyle assets, retaining majority stake
Thakral Corporation Ltd has applied to spin off and list certain segments of its Lifestyle Business on the Mainboard of the Singapore Exchange via a new holding company, following SGX’s indication that the move would not constitute a chain list...
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: Oct 21, 2026