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Nippecraft Limited (SG:N32)
SGX:N32
Singapore Market
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Nippecraft Limited (N32) AI Stock Analysis

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SG:N32

Nippecraft Limited

(SGX:N32)

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Neutral 55 (OpenAI - Gpt-5.6Sol)
Rating:55Neutral
Price Target:
S$0.04
▼(-28.00% Downside)
Action:Reiterated
Date:08/26/26
The score is held back primarily by weak operating performance and inconsistent cash generation despite a conservatively financed balance sheet. Technical indicators are largely neutral with no strong trend confirmation, while valuation is somewhat supportive due to a low P/E.
Positive Factors
Low Leverage
Conservative financing reduces refinancing and solvency risk, giving Nippecraft greater resilience through weaker trading periods and preserving flexibility to fund operations without substantial balance-sheet strain.
Negative Factors
Long-Term Revenue Volatility
The prolonged revenue decline indicates an uneven demand base and limited visibility into durable expansion. A single-year rebound does not yet establish a reliable growth trajectory, increasing the risk of recurring scale pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Conservative financing reduces refinancing and solvency risk, giving Nippecraft greater resilience through weaker trading periods and preserving flexibility to fund operations without substantial balance-sheet strain.
Read all positive factors

Nippecraft Limited (N32) vs. iShares MSCI Singapore ETF (EWS)

Nippecraft Limited Business Overview & Revenue Model

Company Description
Nippecraft Limited, established in Singapore in 1977, conducts business through two main divisions: Stationery and Trading. The company's Trading segment specializes in the worldwide sourcing and distribution of commodities such as recycled materi...

Nippecraft Limited Financial Statement Overview

Summary
Financials are mixed: a strong, low-leverage balance sheet (debt-to-equity ~4–6%) supports resilience, but business quality is weak with volatile/declining revenue history, very thin profitability (net margin under 1% in 2024–2025), and uneven operating results. Cash flow is the main concern, with periods of negative operating/free cash flow (2022 and 2024) despite improvement in 2025.
Income Statement
44
Neutral
Balance Sheet
73
Positive
Cash Flow
41
Neutral
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue98.95M99.77M105.34M111.55M129.72M140.14M
Gross Profit7.27M7.51M8.41M7.82M8.03M8.26M
EBITDA1.26M1.37M1.18M2.06M784.00K1.44M
Net Income1.34M784.00K485.00K1.34M4.00K324.00K
Balance Sheet
Total Assets57.36M55.95M56.78M56.42M63.85M63.40M
Cash, Cash Equivalents and Short-Term Investments21.33M19.06M17.63M19.33M16.94M22.96M
Total Debt1.31M1.44M1.27M1.70M1.60M1.82M
Total Liabilities25.05M22.54M24.67M24.47M33.70M32.39M
Stockholders Equity32.32M33.41M32.12M31.95M30.14M31.01M
Cash Flow
Free Cash Flow4.35M1.27M-1.07M482.00K-5.25M5.62M
Operating Cash Flow4.38M1.35M-826.00K617.00K-5.12M5.80M
Investing Cash Flow107.33K117.00K-33.00K2.12M-106.00K-144.00K
Financing Cash Flow-384.82K-366.00K-512.00K-685.00K-616.00K-785.00K

Nippecraft Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.05
Price Trends
50DMA
0.03
Positive
100DMA
0.04
Positive
200DMA
0.04
Negative
Market Momentum
MACD
<0.01
Negative
RSI
54.90
Neutral
STOCH
125.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:N32, the sentiment is Positive. The current price of 0.05 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.03, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.90 is Neutral, neither overbought nor oversold. The STOCH value of 125.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:N32.

Nippecraft Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
S$45.19M-4.17-10.15%0.92%-7.25%95.72%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
55
Neutral
S$13.00M7.643.08%5.39%5.56%
42
Neutral
S$33.80M-0.75-48.10%-69.91%-13.56%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:N32
Nippecraft Limited
0.04
>-0.01
-7.50%
SG:C05
Chemical Industries Far East Ltd.
0.60
0.05
9.17%
SG:5DS
MegaChem Ltd.
0.48
0.04
9.34%
SG:BTG
HG Metal Manufacturing Limited
0.43
-0.02
-5.13%
SG:C8R
Jiutian Chemical Group Limited
0.02
>-0.01
-34.62%
SG:Y8E
Samurai 2K Aerosol Ltd.
0.12
0.05
59.74%
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: Aug 26, 2026