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Nippecraft Limited
(SGX:N32)
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Rating:52Neutral
Price Target:
S$0.04
▼(-30.00% Downside)
Action:Reiterated
Date:09/10/26
Overall score is driven primarily by mixed financial quality: low leverage is a clear strength, but very thin margins and unstable cash flows materially constrain the outlook. Technical indicators add a mildly negative tilt with the stock trading below major moving averages and a low RSI. A low P/E offers some valuation support but is not enough to offset the operating and momentum concerns.
Positive Factors
Low leverage
Very low leverage reduces refinancing and solvency risk, giving the company greater resilience through weaker operating periods. A stable, substantial equity base also preserves financial flexibility and supports continued operations without excessive reliance on debt funding.
Negative Factors
Long-term revenue volatility
A multi-year pattern of declining or volatile revenue signals an uneven demand and growth profile. The modest 2025 rebound has not yet demonstrated a durable trend, leaving future earnings dependent on maintaining recovery rather than benefiting from established top-line momentum.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low leverage reduces refinancing and solvency risk, giving the company greater resilience through weaker operating periods. A stable, substantial equity base also preserves financial flexibility and supports continued operations without excessive reliance on debt funding.
Read all positive factors
Nippecraft Limited (N32) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$12.30M
Dividend YieldN/A
Average Volume (3M)30.35K
Price to Earnings (P/E)7.3
Beta (1Y)0.36
Revenue Growth5.39%
EPS Growth5.56%
CountrySG
Employees50
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)<0.01
Shares Outstanding351,398,000
10 Day Avg. Volume34,270
30 Day Avg. Volume30,346
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)0.34
Price to Sales (P/S)0.11
P/FCF Ratio8.79
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
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
Income Statement
44
Neutral
Balance Sheet
73
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 98.95M | 99.77M | 105.34M | 111.55M | 129.72M | 140.14M |
| Gross Profit | 7.27M | 7.51M | 8.41M | 7.82M | 8.03M | 8.26M |
| EBITDA | 1.26M | 1.37M | 1.18M | 2.06M | 784.00K | 1.44M |
| Net Income | 1.34M | 784.00K | 485.00K | 1.34M | 4.00K | 324.00K |
Balance Sheet | ||||||
| Total Assets | 57.36M | 55.95M | 56.78M | 56.42M | 63.85M | 63.40M |
| Cash, Cash Equivalents and Short-Term Investments | 21.33M | 19.06M | 17.63M | 19.33M | 16.94M | 22.96M |
| Total Debt | 1.31M | 1.44M | 1.27M | 1.70M | 1.60M | 1.82M |
| Total Liabilities | 25.05M | 22.54M | 24.67M | 24.47M | 33.70M | 32.39M |
| Stockholders Equity | 32.32M | 33.41M | 32.12M | 31.95M | 30.14M | 31.01M |
Cash Flow | ||||||
| Free Cash Flow | 4.35M | 1.27M | -1.07M | 482.00K | -5.25M | 5.62M |
| Operating Cash Flow | 4.38M | 1.35M | -826.00K | 617.00K | -5.12M | 5.80M |
| Investing Cash Flow | 107.33K | 117.00K | -33.00K | 2.12M | -106.00K | -144.00K |
| Financing Cash Flow | -384.82K | -366.00K | -512.00K | -685.00K | -616.00K | -785.00K |
Nippecraft Limited Technical Analysis
Positive
0.05
Price Trends
0.04
Positive
0.04
Positive
0.04
Positive
Market Momentum
<0.01
Positive
53.34
Neutral
52.98
Neutral
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 0.04, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 53.34 is Neutral, neither overbought nor oversold. The STOCH value of 52.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:N32.
Nippecraft Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | S$46.33M | -4.27 | -10.15% | 0.82% | -7.25% | 95.72% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | S$12.30M | 7.27 | 4.09% | ― | 5.39% | 5.56% | |
42 Neutral | S$31.82M | -0.75 | -48.10% | 23.34% | -69.91% | -13.56% |
* Basic Materials Sector Average
SG:N32
Nippecraft Limited
0.04
>-0.01
-20.45%
SG:C05
Chemical Industries Far East Ltd.
0.61
0.04
6.09%
SG:5DS
MegaChem Ltd.
0.49
0.03
7.69%
SG:BTG
HG Metal Manufacturing Limited
0.46
-0.10
-17.42%
SG:C8R
Jiutian Chemical Group Limited
0.02
>-0.01
-34.62%
SG:Y8E
Samurai 2K Aerosol Ltd.
0.13
0.03
31.58%
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.