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Multi-Chem Limited
(SGX:AWZ)
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Rating:83Outperform
Price Target:
S$5.00
▲(45.35% Upside)
Action:Reiterated
Date:08/06/26
The score is led by strong financial quality (low leverage and strong cash generation) and supportive valuation (moderate P/E and high dividend yield). Technicals add a positive trend signal, though momentum indicators are elevated, which modestly tempers the outlook.
Positive Factors
Very Low Leverage
Very low debt relative to equity indicates minimal leverage risk and preserves financial flexibility. Stable, substantial equity provides a durable cushion for operations and gives management room to fund priorities or withstand weaker earnings without relying heavily on borrowing.
Negative Factors
Recent Revenue and Earnings Softness
Revenue and earnings softened after the 2023 peak, with revenue declining modestly in both 2024 and 2025. A multi-period slowdown can weaken operating leverage and reduce the company’s ability to expand profit without renewed demand or stronger execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Very low debt relative to equity indicates minimal leverage risk and preserves financial flexibility. Stable, substantial equity provides a durable cushion for operations and gives management room to fund priorities or withstand weaker earnings without relying heavily on borrowing.
Read all positive factors
Multi-Chem Limited (AWZ) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$382.90M
Dividend Yield8.63%
Average Volume (3M)19.81K
Price to Earnings (P/E)13.7
Beta (1Y)0.40
Revenue GrowthN/A
EPS GrowthN/A
CountrySG
Employees672
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding90,095,290
10 Day Avg. Volume26,570
30 Day Avg. Volume19,806
Financial Highlights & Ratios
PEG Ratio-3.52
Price to Book (P/B)2.01
Price to Sales (P/S)0.47
P/FCF Ratio7.11
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
Multi-Chem Limited Business Overview & Revenue Model
Company Description
Multi-Chem Limited functions as an investment holding company, with its business activities primarily segmented into its Printed Circuit Board (PCB) Business and Information Technology (IT) Business. The IT division is engaged in the distribution ...
Multi-Chem Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 699.39M | 653.92M | 658.42M | 683.68M | 616.98M | 603.64M |
| Gross Profit | 92.95M | 89.64M | 94.79M | 97.48M | 87.01M | 85.51M |
| EBITDA | 32.60M | 30.40M | 39.25M | 42.64M | 24.22M | 32.60M |
| Net Income | 27.24M | 26.44M | 27.12M | 30.82M | 20.00M | 24.96M |
Balance Sheet | ||||||
| Total Assets | 412.76M | 390.34M | 402.43M | 381.61M | 329.30M | 298.44M |
| Cash, Cash Equivalents and Short-Term Investments | 89.34M | 99.49M | 83.82M | 73.54M | 69.54M | 74.41M |
| Total Debt | 1.18M | 1.44M | 2.19M | 2.69M | 3.42M | 5.01M |
| Total Liabilities | 263.54M | 238.09M | 248.22M | 237.40M | 192.21M | 168.25M |
| Stockholders Equity | 149.22M | 152.25M | 155.25M | 145.25M | 137.10M | 130.20M |
Cash Flow | ||||||
| Free Cash Flow | 47.43M | 43.09M | 36.12M | 24.84M | 10.97M | 25.78M |
| Operating Cash Flow | 49.36M | 43.69M | 36.64M | 25.19M | 12.12M | 26.95M |
| Investing Cash Flow | -1.88M | -521.00K | 128.00K | -304.00K | -939.00K | -896.00K |
| Financing Cash Flow | -28.87M | -23.58M | -27.29M | -20.35M | -14.50M | -20.15M |
Multi-Chem Limited Technical Analysis
Positive
3.44
Price Trends
3.86
Positive
3.69
Positive
3.41
Positive
Market Momentum
0.12
Positive
66.39
Neutral
-9.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:AWZ, the sentiment is Positive. The current price of 3.44 is below the 20-day moving average (MA) of 4.19, below the 50-day MA of 3.86, and above the 200-day MA of 3.41, indicating a bullish trend. The MACD of 0.12 indicates Positive momentum. The RSI at 66.39 is Neutral, neither overbought nor oversold. The STOCH value of -9.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:AWZ.
Multi-Chem Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | S$382.90M | 13.68 | 18.07% | 8.63% | ― | ― | |
76 Outperform | S$367.04M | 22.73 | 29.56% | 2.30% | 15.82% | 28.36% | |
72 Outperform | S$2.23B | 38.44 | 12.58% | 1.86% | 9.88% | 33.33% | |
63 Neutral | S$1.13B | 26.17 | 7.99% | 1.17% | 1.00% | -1.32% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | S$2.93B | 62.68 | 8.82% | 0.42% | 14.91% | 226.44% | |
46 Neutral | S$576.78M | 39.59 | 3.27% | 1.68% | 9.77% | 10.50% |
* Technology Sector Average
SG:AWZ
Multi-Chem Limited
4.24
1.01
31.23%
SG:5DD
Micro-Mechanics (Holdings)
2.60
0.84
47.31%
SG:558
UMS Integration
2.51
1.44
135.24%
SG:AWX
AEM Holdings Ltd.
8.90
7.35
473.08%
SG:E28
Frencken Group Limited
2.35
0.96
68.46%
SG:MZH
Nanofilm Technologies International Ltd.
0.88
0.08
10.06%
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.