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Koda Ltd.
(SGX:BJZ)
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Rating:56Neutral
Price Target:
S$0.31
▲(12.14% Upside)
Action:Reiterated
Date:09/06/26
The score is anchored by improving profitability and a manageable balance sheet, but it is held back by weak and volatile cash generation (negative operating and free cash flow in 2026), which raises execution and liquidity risk. Technical signals are neutral-to-soft, while the low P/E provides some valuation support.
Positive Factors
Revenue and Profit Turnaround
The sharp 2026 revenue rebound, combined with a return to operating and net profitability, indicates renewed commercial traction after the 2023–2024 loss-making period. If sustained, this recovery can improve operating leverage and provide a stronger base for future earnings generation.
Negative Factors
Negative Cash Generation
Negative operating and free cash flow in 2026 weakens the quality of the reported earnings recovery because profits are not yet translating into cash. If this persists, the company may have less internally generated funding for investment and greater exposure to liquidity pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profit Turnaround
The sharp 2026 revenue rebound, combined with a return to operating and net profitability, indicates renewed commercial traction after the 2023–2024 loss-making period. If sustained, this recovery can improve operating leverage and provide a stronger base for future earnings generation.
Read all positive factors
Koda Ltd. (BJZ) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$25.33M
Dividend Yield4.55%
Average Volume (3M)4.32K
Price to Earnings (P/E)9.0
Beta (1Y)0.50
Revenue Growth17.31%
EPS Growth294.25%
CountrySG
Employees1,651
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)<0.01
Shares Outstanding83,237,854
10 Day Avg. Volume7,540
30 Day Avg. Volume4,323
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.45
Price to Sales (P/S)0.34
P/FCF Ratio-3.90
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
Koda Ltd. Business Overview & Revenue Model
Company Description
Koda Ltd is a global enterprise specializing in the conceptualization, production, and distribution of wooden furniture and fixtures. Its broad market presence extends across the Asia-Pacific, North America, and European regions, reaching other in...
How the Company Makes Money
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Koda Ltd. Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
72
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 52.73M | 63.85M | 52.73M | 45.60M | 43.78M | 79.34M |
| Gross Profit | 16.57M | 19.61M | 16.57M | 12.82M | 11.95M | 24.55M |
| EBITDA | 4.22M | 5.48M | 4.22M | -124.00K | 2.82M | 11.78M |
| Net Income | 547.00K | 2.22M | 547.00K | -4.52M | -2.83M | 5.67M |
Balance Sheet | ||||||
| Total Assets | 71.64M | 85.65M | 71.64M | 73.22M | 74.24M | 87.97M |
| Cash, Cash Equivalents and Short-Term Investments | 10.18M | 10.43M | 10.18M | 11.67M | 15.80M | 14.78M |
| Total Debt | 14.92M | 20.16M | 14.92M | 16.10M | 16.09M | 20.06M |
| Total Liabilities | 25.75M | 37.40M | 25.75M | 29.00M | 25.31M | 35.36M |
| Stockholders Equity | 46.09M | 48.48M | 46.09M | 44.44M | 49.08M | 52.87M |
Cash Flow | ||||||
| Free Cash Flow | 709.00K | -5.59M | 709.00K | -2.49M | 6.33M | -7.74M |
| Operating Cash Flow | 941.00K | -5.21M | 941.00K | -797.00K | 7.70M | 5.46M |
| Investing Cash Flow | -230.00K | -382.00K | -230.00K | -1.66M | -1.35M | -13.12M |
| Financing Cash Flow | -1.67M | 5.83M | -1.67M | -1.52M | -5.27M | 7.45M |
Koda Ltd. Technical Analysis
Negative
0.28
Price Trends
0.31
Negative
0.33
Negative
0.31
Negative
Market Momentum
>-0.01
Negative
46.49
Neutral
52.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BJZ, the sentiment is Negative. The current price of 0.28 is below the 20-day moving average (MA) of 0.30, below the 50-day MA of 0.31, and below the 200-day MA of 0.31, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.49 is Neutral, neither overbought nor oversold. The STOCH value of 52.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:BJZ.
Koda Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | S$142.01M | 14.81 | 15.56% | 1.68% | 1.49% | -15.83% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | S$25.33M | 9.02 | 4.69% | 4.55% | 17.31% | 294.25% | |
48 Neutral | S$11.45M | -5.39 | -33.01% | 0.61% | 1.35% | 24.00% |
* Consumer Cyclical Sector Average
SG:BJZ
Koda Ltd.
0.31
0.10
52.50%
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―
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Koda Ltd. Corporate Events
Koda Ltd. Strengthens Board Independence With New Director Appointment
Jul 15, 2026
Koda Ltd., a Singapore-incorporated company listed on the Singapore Exchange, is led by Executive Chairman and CEO James Koh Jyh Gang alongside other executive directors and a slate of independent non-executive directors. Its corporate governance ...
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.