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BRC Asia Limited
(SGX:BEC)
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Rating:70Outperform
Price Target:
S$4.50
â–²(4.41% Upside)
Action:Upgraded
Date:08/06/26
The score is primarily driven by strong financial performance (growth, improved leverage, and robust free cash flow) and supported by reasonable valuation with a solid dividend yield. These positives are tempered by weaker technical signals, with the stock trading below key moving averages and negative MACD indicating soft near-term momentum.
Positive Factors
Revenue Growth and Operating Profitability
Sustained revenue growth alongside healthy EBIT and EBITDA margins indicates effective execution and operating efficiency. This supports continued earnings generation as construction demand develops, although profitability remains exposed to industry conditions.
Negative Factors
Slight Decline in Net Margin
The decline in net margin indicates that profit conversion has weakened despite revenue growth. If sustained, lower earnings retained from each dollar of sales could constrain profit expansion and reduce the benefit of operating scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth and Operating Profitability
Sustained revenue growth alongside healthy EBIT and EBITDA margins indicates effective execution and operating efficiency. This supports continued earnings generation as construction demand develops, although profitability remains exposed to industry conditions.
Read all positive factors
BRC Asia Limited (BEC) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.18B
Dividend Yield4.49%
Average Volume (3M)89.09K
Price to Earnings (P/E)11.9
Beta (1Y)0.64
Revenue Growth22.92%
EPS Growth7.37%
CountrySG
Employees762
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.28
Shares Outstanding275,976,680
10 Day Avg. Volume98,260
30 Day Avg. Volume89,093
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)2.28
Price to Sales (P/S)0.75
P/FCF Ratio10.06
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)0.4
Revenue Forecast (FY)S$1.89B
BRC Asia Limited Business Overview & Revenue Model
Company Description
BRC Asia Limited, together with its subsidiaries, engages in the prefabrication of steel reinforcement for use in concrete in Singapore, Australia, Brunei, Hong Kong, Indonesia, Malaysia, Thailand, India, and internationally. It operates through t...
How the Company Makes Money
BRC Asia primarily makes money by selling steel reinforcement products and charging for value-added services linked to those products. Key revenue streams typically include: (1) Sale of reinforcing steel (e.g., rebar) to contractors, developers, a...
BRC Asia Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.35B | 1.55B | 1.48B | 1.63B | 1.70B | 1.17B |
| Gross Profit | 139.44M | 159.70M | 153.80M | 139.05M | 153.72M | 82.13M |
| EBITDA | 107.89M | 138.90M | 141.65M | 122.51M | 129.56M | 79.03M |
| Net Income | 78.12M | 94.30M | 93.54M | 75.75M | 90.22M | 47.03M |
Balance Sheet | ||||||
| Total Assets | 952.66M | 936.91M | 904.02M | 952.36M | 973.11M | 884.72M |
| Cash, Cash Equivalents and Short-Term Investments | 197.82M | 203.12M | 191.37M | 184.62M | 154.57M | 82.97M |
| Total Debt | 161.06M | 215.35M | 245.73M | 380.68M | 457.98M | 435.77M |
| Total Liabilities | 402.84M | 407.54M | 428.73M | 525.05M | 574.32M | 583.77M |
| Stockholders Equity | 530.23M | 514.68M | 475.28M | 427.31M | 398.79M | 300.95M |
Cash Flow | ||||||
| Free Cash Flow | 141.57M | 116.43M | 188.66M | 156.26M | 46.05M | -128.10M |
| Operating Cash Flow | 151.19M | 123.24M | 192.97M | 159.53M | 48.96M | -126.16M |
| Investing Cash Flow | -9.80M | -18.11M | 2.82M | 2.66M | -1.38M | -1.13M |
| Financing Cash Flow | -116.48M | -93.39M | -183.03M | -127.02M | 22.82M | 135.86M |
BRC Asia Limited Technical Analysis
Positive
4.31
Price Trends
4.34
Negative
4.45
Negative
4.28
Positive
Market Momentum
>-0.01
Negative
51.19
Neutral
29.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BEC, the sentiment is Positive. The current price of 4.31 is above the 20-day moving average (MA) of 4.28, below the 50-day MA of 4.34, and above the 200-day MA of 4.28, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.19 is Neutral, neither overbought nor oversold. The STOCH value of 29.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:BEC.
BRC Asia Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | S$1.13B | 22.18 | 18.34% | 2.87% | 26.32% | 41.37% | |
70 Outperform | S$1.18B | 11.89 | 19.31% | 4.50% | 22.92% | 7.37% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | S$3.16B | 57.78 | 5.87% | 7.43% | 4.37% | -51.87% | |
45 Neutral | S$782.62M | -3.04 | -18.79% | 4.94% | 30.40% | -297.36% |
* Basic Materials Sector Average
SG:BEC
BRC Asia Limited
4.32
0.86
24.86%
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SG:P52
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56.25%
BRC Asia Limited Corporate Events
BRC Asia posts solid Q3 results on robust Singapore construction demand
Aug 11, 2026
BRC Asia reported revenue of S$428.6 million and profit attributable to shareholders of S$27.3 million for the third quarter ended 30 June 2026, contributing to nine-month revenue of S$1.36 billion and profit of S$79.3 million. The group maintaine...
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.