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Valuetronics Holdings
(SGX:BN2)
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Rating:68Neutral
Price Target:
S$1.00
â–¼(-0.99% Downside)
Action:Downgraded
Date:08/29/26
The score is primarily supported by strong financial stability (notably a debt-free balance sheet) and generally solid profitability, but is held back by inconsistent revenue growth, a recent net margin step-down, and uneven free-cash-flow conversion. Technical signals are neutral-to-soft, while valuation is mixed with a high dividend yield partially offset by a mid-range P/E.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet limits interest and refinancing risk while preserving financial flexibility. Substantial, stable equity of about 1.37B–1.47B from 2022–2026 also provides resilience during demand downturns and supports ongoing investment.
Negative Factors
Inconsistent revenue growth
Repeated revenue declines point to uneven customer demand, programme volumes, or product mix. For an electronics manufacturer dependent on fulfilled orders, inconsistent top-line growth can reduce operating leverage and make future profitability less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet limits interest and refinancing risk while preserving financial flexibility. Substantial, stable equity of about 1.37B–1.47B from 2022–2026 also provides resilience during demand downturns and supports ongoing investment.
Read all positive factors
Valuetronics Holdings (BN2) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$429.76M
Dividend Yield6.2%
Average Volume (3M)690.01K
Price to Earnings (P/E)20.9
Beta (1Y)0.59
Revenue Growth-7.63%
EPS Growth-33.33%
CountrySG
Employees4,000
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.29
Shares Outstanding435,630,830
10 Day Avg. Volume1,055,690
30 Day Avg. Volume690,010
Financial Highlights & Ratios
PEG Ratio-0.56
Price to Book (P/B)1.50
Price to Sales (P/S)1.33
P/FCF Ratio12.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$1.88Price Target Upside86.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.4
Revenue Forecast (FY)S$1.72B
Valuetronics Holdings Business Overview & Revenue Model
Company Description
Valuetronics Holdings Limited functions as an investment holding entity, specializing in comprehensive electronics manufacturing services (EMS) across a wide international footprint, including the United States, China, Canada, Poland, Hong Kong, t...
How the Company Makes Money
Valuetronics makes money mainly by providing contract manufacturing and related services to customers, earning revenue from the sale of manufactured electronics products delivered under customer orders. Its core revenue streams are: (1) Consumer E...
Valuetronics Holdings Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
90
Very Positive
Cash Flow
62
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.66B | 1.80B | 1.64B | 1.93B | 2.01B |
| Gross Profit | 312.13M | 304.31M | 260.55M | 251.05M | 272.86M |
| EBITDA | 173.00M | 167.28M | 147.44M | 153.72M | 172.47M |
| Net Income | 117.12M | 177.56M | 156.81M | 117.99M | 112.74M |
Balance Sheet | |||||
| Total Assets | 2.18B | 2.18B | 2.09B | 2.08B | 2.10B |
| Cash, Cash Equivalents and Short-Term Investments | 1.21B | 1.09B | 1.16B | 1.01B | 936.66M |
| Total Debt | 5.37M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 714.77M | 727.66M | 689.32M | 713.91M | 727.05M |
| Stockholders Equity | 1.47B | 1.45B | 1.40B | 1.36B | 1.37B |
Cash Flow | |||||
| Free Cash Flow | 178.42M | -20.08M | 212.62M | 163.55M | -104.23M |
| Operating Cash Flow | 225.41M | 207.93M | 233.70M | 198.17M | -10.92M |
| Investing Cash Flow | -3.88M | -171.77M | 35.70M | -10.83M | -85.24M |
| Financing Cash Flow | -110.90M | -104.44M | -113.65M | -112.80M | -98.25M |
Valuetronics Holdings Technical Analysis
Positive
1.01
Price Trends
0.99
Positive
1.02
Negative
0.95
Positive
Market Momentum
<0.01
Negative
50.91
Neutral
47.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BN2, the sentiment is Positive. The current price of 1.01 is above the 20-day moving average (MA) of 0.98, above the 50-day MA of 0.99, and above the 200-day MA of 0.95, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 50.91 is Neutral, neither overbought nor oversold. The STOCH value of 47.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:BN2.
Valuetronics Holdings Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | S$4.67B | 19.82 | 8.38% | 4.92% | 0.53% | 0.02% | |
68 Neutral | S$429.76M | 20.93 | 8.07% | 6.20% | -7.63% | -33.33% | |
64 Neutral | S$382.04M | 11.46 | 12.44% | 23.23% | -8.15% | -16.22% | |
63 Neutral | S$1.16B | 27.39 | 7.99% | 1.12% | 1.00% | -1.32% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | S$20.46M | -8.39 | -23.29% | 2.05% | -58.91% | -134.48% | |
46 Neutral | S$544.19M | 37.78 | 3.27% | 1.76% | 9.77% | 10.50% |
* General Sector Average
SG:BN2
Valuetronics Holdings
1.00
0.23
30.24%
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Valuetronics Holdings Corporate Events
Valuetronics Shareholders Back Dividends, Board and Capital Mandates at 2026 AGM
Aug 20, 2026
Valuetronics Holdings Limited held its annual general meeting in Singapore on July 27, 2026, where shareholders adopted the audited financial statements for the year ended March 31, 2026 and approved both a final dividend of HK14 cents and a speci...
Valuetronics defends Trio AI move as it shifts toward higher-margin growth and capital returns
Jul 21, 2026
Valuetronics reported stronger earnings quality in FY2026, attributing the improvement to a deliberate shift toward higher-margin products and a broader customer base beyond its Canada-based network access client. The company highlighted that dema...
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.