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Stamford Tyres Corporation Limited
(SGX:S29)
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Rating:51Neutral
Price Target:
S$0.19
â–¼(-3.50% Downside)
Action:Reiterated
Date:09/28/26
The score is held back primarily by weaker and inconsistent profitability and volatile cash flow despite a 2026 rebound, alongside only moderate balance-sheet strength. Technicals are neutral-to-slightly supportive but lack strong momentum. Valuation is a key drag due to a high P/E, partially offset by an attractive dividend yield.
Positive Factors
Manageable Leverage
Leverage remains material but appears manageable, with debt-to-equity improving from earlier years and equity staying relatively stable. This provides Stamford Tyres with a more resilient capital base and some capacity to support operations, even though profitability remains modest.
Negative Factors
Weak Revenue Trend
Broadly flat revenue and a recent decline indicate limited top-line expansion across the current period. Without sustained volume or market-share growth, Stamford Tyres has less operating leverage to offset costs, invest in its network, or rebuild earnings from the existing business base.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Leverage remains material but appears manageable, with debt-to-equity improving from earlier years and equity staying relatively stable. This provides Stamford Tyres with a more resilient capital base and some capacity to support operations, even though profitability remains modest.
Read all positive factors
Stamford Tyres Corporation Limited (S29) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$45.58M
Dividend Yield5.21%
Average Volume (3M)51.72K
Price to Earnings (P/E)41.7
Beta (1Y)0.04
Revenue Growth-3.50%
EPS Growth12.82%
CountrySG
Employees250
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)<0.01
Shares Outstanding237,386,250
10 Day Avg. Volume10,710
30 Day Avg. Volume51,720
Financial Highlights & Ratios
PEG Ratio3.37
Price to Book (P/B)0.41
Price to Sales (P/S)0.24
P/FCF Ratio3.90
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
Stamford Tyres Corporation Limited Business Overview & Revenue Model
Company Description
Established in Singapore in 1989, Stamford Tyres Corporation Limited functions as an investment holding company primarily focused on the global distribution and sale of tires and wheels. Its extensive operations span Southeast Asia, North Asia, Af...
How the Company Makes Money
Stamford Tyres makes money mainly by selling tyres and related automotive products through a mix of wholesale/distribution and retail channels. A core revenue stream comes from distributing tyres to dealers, fleets, and other trade customers, wher...
Stamford Tyres Corporation Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
58
Neutral
Cash Flow
52
Neutral
| Breakdown | Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 186.51M | 193.18M | 189.12M | 193.02M | 194.43M |
| Gross Profit | 49.13M | 51.27M | 47.13M | 55.02M | 56.18M |
| EBITDA | 13.71M | 13.88M | 19.32M | 16.43M | 16.83M |
| Net Income | 1.05M | 921.00K | 6.01M | 4.15M | 3.89M |
Balance Sheet | |||||
| Total Assets | 212.86M | 222.13M | 210.63M | 232.61M | 258.19M |
| Cash, Cash Equivalents and Short-Term Investments | 30.86M | 27.74M | 32.54M | 30.29M | 35.84M |
| Total Debt | 72.91M | 80.79M | 68.16M | 86.63M | 105.92M |
| Total Liabilities | 102.54M | 111.57M | 98.67M | 119.78M | 141.84M |
| Stockholders Equity | 110.32M | 110.57M | 111.96M | 112.84M | 116.35M |
Cash Flow | |||||
| Free Cash Flow | 11.65M | -11.75M | 17.86M | 16.88M | -8.78M |
| Operating Cash Flow | 18.36M | -6.54M | 19.87M | 18.51M | -1.50M |
| Investing Cash Flow | -3.97M | -2.56M | 3.90M | 962.00K | -5.29M |
| Financing Cash Flow | -11.82M | 3.78M | -20.62M | -23.21M | 1.49M |
Stamford Tyres Corporation Limited Technical Analysis
Positive
0.20
Price Trends
0.19
Positive
0.18
Positive
0.18
Positive
Market Momentum
>-0.01
Positive
45.57
Neutral
-12.50
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:S29, the sentiment is Positive. The current price of 0.2 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.19, and above the 200-day MA of 0.18, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.57 is Neutral, neither overbought nor oversold. The STOCH value of -12.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:S29.
Stamford Tyres Corporation Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | S$78.14M | 9.53 | 11.41% | 5.56% | -0.04% | 2.38% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | S$110.35M | 53.68 | 0.71% | 4.71% | -6.06% | -58.39% | |
51 Neutral | S$45.58M | 41.74 | 0.95% | 5.21% | -3.50% | 12.82% |
* Consumer Cyclical Sector Average
SG:S29
Stamford Tyres Corporation Limited
0.19
>-0.01
-3.52%
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Stamford Tyres Corporation Limited Corporate Events
Stamford Tyres AGM Backs Dividend, Board and Investment-Led Growth Plan
Sep 18, 2026
Stamford Tyres’ management used its 37th AGM to brief shareholders on FY2026 performance and its strategic direction for FY2027, highlighting a revenue decline of about S$6.5 million driven by external factors but expressing confidence in sa...
Stamford Tyres shareholders back performance share awards for key executive
Sep 18, 2026
Stamford Tyres shareholders approved two resolutions at an extraordinary general meeting concerning the company’s performance share plan. The meeting, chaired by lead independent director Caroline Wee, confirmed that new shares will be issue...
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.