Multi-Chem Limited (AWZ) AI Stock Analysis

Multi-Chem Limited

(SGX:AWZ)

Select Model

Rating:73Outperform

Price Target:SGD 3.00▲(20.00% Upside)

Action:reiterated

Date:09/26/26

The overall score reflects a combination of strong financial resilience and an attractive valuation, with a robust balance sheet, consistent profitability, and low earnings multiple plus high dividend yield supporting the investment case. These strengths are meaningfully offset by weak price momentum and a clear downtrend on the charts, which signal current market caution and elevate near‑term technical risk.

Positive Factors

Low financial leverageA conservatively positioned balance sheet reduces leverage-related pressure on earnings and cash flow, giving Multi-Chem greater resilience during weaker trading periods. Low debt also preserves financial flexibility to support operations, maintain distributions, or pursue growth without excessive refinancing exposure.

Negative Factors

Recent revenue contractionRecent revenue declines indicate that demand or market expansion has weakened after earlier growth, creating a less supportive base for near-term earnings improvement. If the contraction persists, lower operating scale could constrain cash generation and make sustained profit growth more difficult.

Multi-Chem Limited (AWZ) vs. iShares MSCI Singapore ETF (EWS)

Market Cap: SGD 238.75M
Dividend Yield: 14.64%
Average Volume (3M): 83.96K
Price to Earnings (P/E): 8.1
Beta (1Y): 0.67
Revenue Growth: ―
EPS Growth: ―
Country: Singapore
Employees: 672
Sector: Technology
Sector Strength: 61
Industry: Industrial - Distribution

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 of...

Multi-Chem Limited Financial Statement Overview

Summary

Financial performance is solid overall, driven by a very strong, low‑risk balance sheet with minimal debt and steadily rising equity, alongside consistent profitability and generally healthy free cash flow. Revenue and margins have recently plateaued and compressed, and cash flows have shown volatility, which limits the upside and keeps the score below the top tier.

Income Statement

70Positive

Balance Sheet

88Very Positive

Cash Flow

72Positive

Financial statement breakdown
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	25.51M	33.90M
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

Technical Analysis SentimentNegative

Last Price2.50

Price Trends

50DMA3.08Negative

100DMA3.37Negative

200DMA3.33Negative

Market Momentum

MACD-0.11Negative

RSI46.50Neutral

STOCH59.26Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:AWZ, the sentiment is Negative. The current price of 2.50 is above the 20-day moving average (MA) of 2.36, below the 50-day MA of 3.08, and below the 200-day MA of 3.33, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 46.50 is Neutral, neither overbought nor oversold. The STOCH value of 59.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:AWZ.

Multi-Chem Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

SG:AWZ against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SG:AWZ	73Outperform	SGD 238.75M	8.06	18.07%	14.64%	―	―
SG:5DD	72Outperform	SGD 351.75M	17.98	33.93%	2.42%	26.44%	53.56%
SG:E28	66Neutral	SGD 951.86M	21.94	7.99%	1.35%	1.00%	-1.32%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SG:AWX	57Neutral	SGD 2.38B	52.39	8.82%	0.49%	14.91%	226.44%
SG:558	56Neutral	SGD 1.89B	30.47	12.58%	2.34%	9.88%	33.33%
SG:MZH	47Neutral	SGD 527.90M	35.97	3.27%	1.84%	9.77%	10.50%

* Technology Sector Average

Performance Comparison

SG:AWZ and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SG:AWZ	Multi-Chem Limited	2.50	-0.63	-20.13%
SG:5DD	Micro-Mechanics (Holdings)	2.48	0.77	45.28%
SG:558	Ums Integration Limited	2.05	0.85	70.55%
SG:AWX	AEM Holdings Ltd.	7.62	5.78	313.68%
SG:E28	Frencken Group Limited	2.03	0.45	28.24%
SG:MZH	Nanofilm Technologies International Ltd.	0.80	0.12	18.34%

Multi-Chem Limited Corporate Events

Multi-Chem hit by key vendor order suspension, warns of earnings impact

Sep 23, 2026

Multi-Chem Limited has disclosed that its subsidiary M.Tech Products Pte. Ltd. received formal notice from a key vendor suspending all order acceptances, marketing, business development activities, and commercial communications with immediate effect,...

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 26, 2026

Multi-Chem Limited AI Stock Analysis