Want to see SG:E28 full AI Analyst Report?
Top Page
Frencken Group Limited
(SGX:E28)
Select Model
Select Model
Rating:63Neutral
Price Target:
S$2.50
â–¼(-1.57% Downside)
Action:Reiterated
Date:08/19/26
The score is driven primarily by solid financial stability and cash generation (conservative leverage and strong TTM operating/free cash flow), partially offset by a meaningful TTM revenue decline and multi-year margin compression. Technical signals are mixed with a negative MACD and uneven moving-average positioning, while valuation is a key drag due to a high P/E and low dividend yield.
Positive Factors
Conservative leverage
Conservative leverage provides Frencken with financial flexibility across its manufacturing programs and end markets. A relatively modest debt burden can reduce pressure on interest and refinancing costs, helping the company preserve capacity for investment and withstand weaker customer volumes.
Negative Factors
Revenue contraction
A decline of this magnitude is a material headwind for an OEM-focused contract manufacturer because lower program volumes can reduce factory utilisation and operating leverage. Continued weakness would constrain growth, make fixed costs harder to absorb, and pressure future earnings recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Conservative leverage provides Frencken with financial flexibility across its manufacturing programs and end markets. A relatively modest debt burden can reduce pressure on interest and refinancing costs, helping the company preserve capacity for investment and withstand weaker customer volumes.
Read all positive factors
Frencken Group Limited (E28) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.16B
Dividend Yield1.12%
Average Volume (3M)6.68M
Price to Earnings (P/E)27.4
Beta (1Y)1.08
Revenue Growth1.00%
EPS Growth-1.32%
CountrySG
Employees3,600
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.09
Shares Outstanding473,560,000
10 Day Avg. Volume4,794,510
30 Day Avg. Volume6,675,963
Financial Highlights & Ratios
PEG Ratio2.79
Price to Book (P/B)1.24
Price to Sales (P/S)0.68
P/FCF Ratio6.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$3.44Price Target Upside35.56% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.1
Revenue Forecast (FY)S$914.44M
Frencken Group Limited Business Overview & Revenue Model
Company Description
Frencken Group Limited functions as an investment holding company, offering comprehensive original design, original equipment, and integrated manufacturing solutions on a global scale. The company operates through two main divisions: The Mechatron...
How the Company Makes Money
Frencken makes money mainly by providing manufacturing services and related engineering support to OEM customers under long-term supply relationships and program-based contracts. Its core revenue stream comes from contract manufacturing/EMS-style ...
Frencken Group Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 861.55M | 865.12M | 794.33M | 742.86M | 786.11M | 767.07M |
| Gross Profit | 126.88M | 123.35M | 115.34M | 98.00M | 118.98M | 128.91M |
| EBITDA | 78.19M | 79.01M | 83.18M | 77.66M | 95.32M | 96.19M |
| Net Income | 38.45M | 39.12M | 37.12M | 32.48M | 51.87M | 58.73M |
Balance Sheet | ||||||
| Total Assets | 784.16M | 740.24M | 735.14M | 735.29M | 725.21M | 688.14M |
| Cash, Cash Equivalents and Short-Term Investments | 122.97M | 161.88M | 159.20M | 142.63M | 166.99M | 192.60M |
| Total Debt | 118.26M | 90.02M | 133.55M | 142.03M | 150.45M | 119.44M |
| Total Liabilities | 293.76M | 261.38M | 297.64M | 330.01M | 328.79M | 309.12M |
| Stockholders Equity | 486.63M | 475.29M | 433.96M | 401.25M | 391.89M | 376.16M |
Cash Flow | ||||||
| Free Cash Flow | 116.04M | 86.92M | 34.95M | 22.08M | -4.77M | 22.87M |
| Operating Cash Flow | 139.97M | 104.82M | 48.05M | 48.96M | 37.83M | 40.37M |
| Investing Cash Flow | -24.33M | -17.83M | -11.12M | -27.30M | -44.48M | -28.84M |
| Financing Cash Flow | -125.03M | -42.60M | -15.57M | -35.85M | -30.43M | -9.21M |
Frencken Group Limited Technical Analysis
Negative
2.54
Price Trends
2.54
Negative
2.72
Negative
2.39
Positive
Market Momentum
<0.01
Positive
42.15
Neutral
8.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:E28, the sentiment is Negative. The current price of 2.54 is below the 20-day moving average (MA) of 2.57, below the 50-day MA of 2.54, and above the 200-day MA of 2.39, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 42.15 is Neutral, neither overbought nor oversold. The STOCH value of 8.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:E28.
Frencken Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | S$361.48M | 22.73 | 29.56% | 2.31% | 15.82% | 28.36% | |
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% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | S$3.45B | 75.99 | 8.82% | 0.34% | 14.91% | 226.44% | |
54 Neutral | S$836.62M | 24.16 | 12.07% | 2.06% | 24.78% | 21.43% |
* Technology Sector Average
SG:E28
Frencken Group Limited
2.46
1.01
69.07%
SG:544
CSE Global
1.15
0.43
60.39%
SG:5DD
Micro-Mechanics (Holdings)
2.60
0.88
51.43%
SG:BN2
Valuetronics Holdings
1.00
0.23
30.24%
SG:8AZ
Aztech Global Ltd.
0.50
-0.09
-15.82%
SG:AWX
AEM Holdings Ltd.
10.79
8.99
498.78%
Frencken Group Limited Corporate Events
Frencken Group Raises S$100 Million to Accelerate AI-Driven Expansion and M&A Push
Sep 3, 2026
Frencken Group Limited, a Singapore-based global integrated technology solutions provider to industries ranging from aerospace and life sciences to automotive and semiconductors, is expanding its manufacturing footprint across Asia and beyond. Wit...
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.