BRC Asia Limited (BEC) AI Stock Analysis

• Market Cap: S$1.25B
• Dividend Yield: 4.77%
• Average Volume (3M): 89.09K
• Price to Earnings (P/E): 29.7
• Beta (1Y): 0.76
• Revenue Growth: 22.92%
• EPS Growth: 7.37%
• Country: SG
• Employees: 726
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 0.36
• Shares Outstanding: 275,976,680
• 10 Day Avg. Volume: 98,260
• 30 Day Avg. Volume: 89,093
• PEG Ratio: 0.00
• Price to Book (P/B): 2.28
• Price to Sales (P/S): 0.75
• P/FCF Ratio: 10.06
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: S$5.33
• Price Target Upside: 14.20% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 0.39
• Revenue Forecast (FY): S$1.85B

• Rating: 68 Neutral
• Price Target: S$5.00 ▲(7.07% Upside)
• Action: Downgraded
• Date: 12/11/25

Positive Factors

Consistent revenue growth

BRC Asia shows durable top-line expansion evidenced by double-digit recent growth metrics and a 7.95% year-over-year revenue rise. Persistent revenue gains indicate sustained project wins and demand for rebar and related services, supporting scale advantages and predictable volume-driven cash flow over months.

Negative Factors

Cyclicality from construction demand

BRC Asia's revenue depends heavily on construction and infrastructure activity, making its cash flows and volumes sensitive to project starts and public/private capex cycles. This structural exposure can cause multi-month swings in orders and utilization, pressuring margins and working capital timing during downturns.

BRC Asia Limited Business Overview & Revenue Model

Company Description

BRC Asia Limited, along with its various subsidiaries, is primarily involved in the steel industry. Its main business revolves around the prefabrication of steel reinforcement crucial for concrete construction projects. The company extends its ope...

Read more

BRC Asia Limited, along with its various subsidiaries, is primarily involved in the steel industry. Its main business revolves around the prefabrication of steel reinforcement crucial for concrete construction projects. The company extends its ope...

How the Company Makes Money

BRC Asia makes money primarily by selling steel reinforcement products and related reinforcement solutions to customers in the construction and infrastructure markets. Its main revenue stream is the sale of steel rebar and reinforcement products (...

Read more

BRC Asia makes money primarily by selling steel reinforcement products and related reinforcement solutions to customers in the construction and infrastructure markets. Its main revenue stream is the sale of steel rebar and reinforcement products (...

BRC Asia Limited Financial Statement Overview

Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	1.44B	1.55B	1.48B	1.63B	1.70B	1.17B
Gross Profit	146.54M	159.70M	153.80M	139.05M	153.72M	82.13M
EBITDA	112.22M	138.90M	141.65M	122.51M	129.56M	79.03M
Net Income	97.09M	94.30M	93.54M	75.75M	90.22M	47.03M
Balance Sheet
Total Assets	907.69M	936.91M	904.02M	952.36M	973.11M	884.72M
Cash, Cash Equivalents and Short-Term Investments	143.81M	203.12M	191.37M	184.62M	154.57M	82.97M
Total Debt	259.95M	215.35M	245.73M	380.68M	457.98M	435.77M
Total Liabilities	429.09M	407.54M	428.73M	525.05M	574.32M	583.77M
Stockholders Equity	478.60M	514.68M	475.28M	427.31M	398.79M	300.95M
Cash Flow
Free Cash Flow	94.20M	116.43M	188.66M	156.26M	46.05M	-128.10M
Operating Cash Flow	97.41M	123.24M	192.97M	159.53M	48.96M	-126.16M
Investing Cash Flow	3.77M	-18.11M	2.82M	2.66M	-1.38M	-1.13M
Financing Cash Flow	-84.61M	-93.39M	-183.03M	-127.02M	22.82M	135.86M

BRC Asia Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4.67
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BEC, the sentiment is Neutral. The current price of 4.67 is above the 20-day moving average (MA) of 4.63, above the 50-day MA of 4.56, and above the 200-day MA of 4.20, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 46.78 is Neutral, neither overbought nor oversold. The STOCH value of 33.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:BEC.

BRC Asia Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
P52	74 Outperform	S$1.05B	33.00	11.75%	2.87%	10.60%	23.89%
BEC	68 Neutral	S$1.25B	29.68	8.57%	4.77%	22.92%	7.37%
A7RU	63 Neutral	S$3.10B	31.19	7.94%	8.08%	2.86%	232.61%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
S20	54 Neutral	S$766.74M	-15.71	-3.75%	4.94%	10.39%	-3325.64%