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Sin Heng Heavy Machinery Limited
(SGX:BKA)
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Rating:62Neutral
Price Target:
S$0.67
▼(-1.76% Downside)
Action:Downgraded
Date:07/01/26
The score is primarily supported by a conservatively financed balance sheet and generally healthy margins, but is held back by the recent revenue/earnings decline and uneven cash flow profile. Technicals add a further headwind with the stock below major moving averages, while valuation appears broadly neutral.
Positive Factors
Conservative balance sheet
Very low leverage and a large equity base provide durable financial flexibility. This conservatively financed balance sheet helps the company withstand cyclical industry downturns, fund capex or working capital without heavy borrowing, and supports long-term solvency and strategic optionality.
Negative Factors
Two-year revenue contraction
A multi-year top-line decline erodes scale and operating leverage, reducing capacity to absorb fixed costs and invest for growth. Sustained revenue weakness increases execution risk for margin recovery and constrains long-term earnings trajectory unless demand or market share stabilizes or reverses.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and a large equity base provide durable financial flexibility. This conservatively financed balance sheet helps the company withstand cyclical industry downturns, fund capex or working capital without heavy borrowing, and supports long-term solvency and strategic optionality.
Read all positive factors
Sin Heng Heavy Machinery Limited (BKA) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$70.90M
Dividend Yield1.46%
Average Volume (3M)8.00K
Price to Earnings (P/E)17.6
Beta (1Y)0.21
Revenue Growth-12.30%
EPS Growth-18.12%
CountrySG
Employees122
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)0.04
Shares Outstanding113,413,000
10 Day Avg. Volume8,660
30 Day Avg. Volume8,000
Financial Highlights & Ratios
PEG Ratio-0.83
Price to Book (P/B)0.76
Price to Sales (P/S)1.76
P/FCF Ratio15.06
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)N/A
Revenue Forecast (FY)N/A
Sin Heng Heavy Machinery Limited Business Overview & Revenue Model
Company Description
Sin Heng Heavy Machinery Limited operates as a key provider of heavy lifting solutions, with its business activities spanning Singapore, Indonesia, Malaysia, Myanmar, Taiwan, Japan, and other global markets. The company's operations are segmented ...
How the Company Makes Money
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Sin Heng Heavy Machinery Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
84
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 49.95M | 44.10M | 50.28M | 66.23M | 51.57M | 53.73M |
| Gross Profit | 15.12M | 14.72M | 16.72M | 18.43M | 12.84M | 13.39M |
| EBITDA | 10.49M | 12.23M | 13.88M | 16.68M | 11.55M | 12.80M |
| Net Income | 5.24M | 5.11M | 6.27M | 8.00M | 3.65M | 3.77M |
Balance Sheet | ||||||
| Total Assets | 122.73M | 121.12M | 125.70M | 127.83M | 125.70M | 124.11M |
| Cash, Cash Equivalents and Short-Term Investments | 38.22M | 40.47M | 47.85M | 44.64M | 39.85M | 49.82M |
| Total Debt | 7.68M | 6.50M | 5.81M | 8.72M | 9.40M | 4.50M |
| Total Liabilities | 18.35M | 19.22M | 18.16M | 21.63M | 20.96M | 15.31M |
| Stockholders Equity | 104.38M | 101.91M | 107.54M | 106.20M | 104.74M | 108.80M |
Cash Flow | ||||||
| Free Cash Flow | 3.09M | 5.16M | 11.46M | 5.14M | -8.46M | 26.92M |
| Operating Cash Flow | 3.26M | 5.24M | 11.90M | 10.72M | -8.16M | 26.98M |
| Investing Cash Flow | -14.54M | -11.48M | -19.19M | 2.69M | 479.00K | -1.51M |
| Financing Cash Flow | -5.19M | -10.88M | -9.06M | -6.58M | -2.13M | -9.92M |
Sin Heng Heavy Machinery Limited Technical Analysis
Negative
0.68
Price Trends
0.66
Negative
0.66
Negative
0.65
Negative
Market Momentum
-0.01
Positive
24.97
Positive
3.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BKA, the sentiment is Negative. The current price of 0.68 is above the 20-day moving average (MA) of 0.65, above the 50-day MA of 0.66, and above the 200-day MA of 0.65, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 24.97 is Positive, neither overbought nor oversold. The STOCH value of 3.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:BKA.
Sin Heng Heavy Machinery Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | S$431.25M | 4.36 | 41.48% | ― | -6.04% | 33.67% | |
72 Outperform | S$523.93M | 47.86 | 4.77% | 0.60% | 25.71% | 175.44% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | S$70.90M | 17.65 | 4.94% | 1.46% | -12.30% | -18.12% | |
41 Neutral | S$51.03M | 80.83 | ― | 1.57% | ― | ― |
* Industrials Sector Average
SG:BKA
Sin Heng Heavy Machinery Limited
0.63
0.04
6.60%
SG:5LY
Marco Polo Marine Ltd.
0.13
0.09
197.78%
SG:1J4
JEP Holdings Ltd.
0.61
0.35
134.62%
SG:BKX
Yongmao Holdings Limited
0.58
-0.05
-7.26%
SG:K75
Koh Brothers Group Limited
0.33
0.12
54.21%
SG:1MZ
Nam Cheong Limited
1.09
0.62
129.47%
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.