Koda Ltd. (BJZ) AI Stock Analysis

Koda Ltd.

(SGX:BJZ)

Select Model

Rating:52Neutral

Price Target:SGD 0.35▲(16.00% Upside)

Action:reiterated

Date:09/06/26

The overall score reflects a company in financial recovery with improving revenue and a return to profit but still thin margins, weak returns on equity, and highly unstable cash flows, making financial risk the dominant factor. Neutral-to-soft technical momentum and a moderately attractive single-digit P/E help support the score, but the lack of clear cash flow strength and limited valuation upside keep the stock in a cautious, mid-range rating.

Positive Factors

Revenue and Profit TurnaroundStrong 2026 revenue growth alongside a return to operating profit and net income indicates improved demand and operating execution. If sustained, the turnaround can rebuild earnings capacity, support reinvestment, and strengthen the company’s position over the next several quarters.

Negative Factors

Negative Cash GenerationNegative operating and free cash flow make the latest accounting profit less dependable as a source of internally funded growth. If cash generation does not recover, Koda may face greater liquidity pressure and reduced flexibility to invest, repay obligations, or absorb weaker trading.

Koda Ltd. (BJZ) vs. iShares MSCI Singapore ETF (EWS)

Market Cap: SGD 24.94M
Dividend Yield: ―
Average Volume (3M): 24.85K
Price to Earnings (P/E): 8.8
Beta (1Y): 0.53
Revenue Growth: 17.31%
EPS Growth: 294.25%
Country: Singapore
Employees: 1,781
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Furnishings, Fixtures & Appliances

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 inter...

How the Company Makes Money

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Koda Ltd. Financial Statement Overview

Summary

Revenue and earnings are recovering with four consecutive years of growth and a return to modest profitability, but margins remain thin, returns on equity have weakened, and cash flows are volatile and often negative, keeping overall financial strength only moderate.

Income Statement

60Neutral

Balance Sheet

55Neutral

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	63.55M	63.85M	52.73M	45.60M	43.78M	79.34M
Gross Profit	19.52M	19.61M	16.57M	12.82M	11.95M	24.55M
EBITDA	4.49M	5.48M	4.22M	-124.00K	2.82M	11.78M
Net Income	2.21M	2.22M	547.00K	-4.52M	-2.83M	5.67M
Balance Sheet
Total Assets	85.65M	85.65M	71.64M	73.22M	74.24M	87.97M
Cash, Cash Equivalents and Short-Term Investments	10.43M	10.43M	10.18M	11.67M	15.80M	14.78M
Total Debt	20.16M	20.16M	14.92M	16.10M	16.09M	20.06M
Total Liabilities	37.40M	37.40M	25.75M	29.00M	25.31M	35.36M
Stockholders Equity	48.48M	48.48M	46.09M	44.44M	49.08M	52.87M
Cash Flow
Free Cash Flow	-5.55M	-5.59M	709.00K	-2.49M	6.33M	-7.74M
Operating Cash Flow	-5.16M	-5.21M	941.00K	-797.00K	7.70M	5.46M
Investing Cash Flow	-379.03K	-382.00K	-230.00K	-1.66M	-1.35M	-13.12M
Financing Cash Flow	5.78M	5.83M	-1.67M	-1.52M	-5.27M	7.45M

Koda Ltd. Technical Analysis

Technical Analysis SentimentNeutral

Last Price0.30

Price Trends

50DMA0.30Negative

100DMA0.31Negative

200DMA0.32Negative

Market Momentum

MACD-0.00Negative

RSI63.80Neutral

STOCH30.16Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BJZ, the sentiment is Neutral. The current price of 0.30 is above the 20-day moving average (MA) of 0.28, below the 50-day MA of 0.30, and below the 200-day MA of 0.32, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 63.80 is Neutral, neither overbought nor oversold. The STOCH value of 30.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:BJZ.

Koda Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

SG:BJZ against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SG:5ML	66Neutral	SGD 144.44M	15.14	15.24%	1.65%	1.49%	-15.83%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SG:BJZ	52Neutral	SGD 24.92M	8.83	4.61%	―	17.31%	294.25%
SG:5KI	43Neutral	SGD 8.10M	-3.81	-33.01%	0.86%	1.35%	24.00%

* Consumer Cyclical Sector Average

Performance Comparison

SG:BJZ and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SG:BJZ	Koda Ltd.	0.30	0.05	20.00%
SG:5KI	Soup Restaurant Group Limited	0.03	-0.06	-65.48%
SG:9I7	No Signboard Holdings Ltd.	0.09	0.06	233.33%
SG:42R	Jumbo Group Ltd. (Singapore)	0.27	-0.00	-0.75%
SG:5ML	Old Chang Kee Ltd.	1.19	0.05	4.48%

Koda Ltd. Corporate Events

Koda Reshapes Board and Elevates Lead Independent Director

Sep 18, 2026

Koda Ltd. has elevated independent non-executive director Phua Boon Huat to the role of Lead Independent Non-Executive Director, effective 18 September 2026, while he continues as chairman of the Remuneration Committee and a member of both the Audit...

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 fra...

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 06, 2026

Koda Ltd. AI Stock Analysis