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V2Y Corporation Ltd.
(SGX:V2Y)
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Rating:43Neutral
Price Target:
S$0.01
▲(10.00% Upside)
Action:Reiterated
Date:07/03/26
The score is driven primarily by severe financial deterioration—sharp TTM revenue contraction, extremely negative margins, negative equity with rising debt, and persistent negative operating/free cash flow. Technical signals are neutral-to-weak with little trend support, and valuation is constrained by ongoing losses (negative P/E) with no dividend data to offset risk.
Positive Factors
Relative FCF improvement
Improvement from the 2024 free-cash-flow level suggests some relative progress in cash management. However, FCF remains materially negative, so this does not yet indicate self-funding operations or a durable turnaround.
Negative Factors
Revenue and margin collapse
The collapse in revenue and deeply negative margins show that the current business lacks sufficient scale to absorb costs. Persistent losses and a very small revenue base weaken operating leverage and make a durable recovery dependent on substantial business rebuilding.
Read all positive and negative factors
Positive Factors
Negative Factors
Relative FCF improvement
Improvement from the 2024 free-cash-flow level suggests some relative progress in cash management. However, FCF remains materially negative, so this does not yet indicate self-funding operations or a durable turnaround.
Read all positive factors
V2Y Corporation Ltd. (V2Y) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$3.71M
Dividend YieldN/A
Average Volume (3M)305.10K
Price to Earnings (P/E)―
Beta (1Y)0.86
Revenue Growth-82.62%
EPS Growth-71.05%
CountrySG
Employees4
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding530,480,500
10 Day Avg. Volume305,100
30 Day Avg. Volume305,100
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)-1.50
Price to Sales (P/S)503.75
P/FCF Ratio-3.74
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
V2Y Corporation Ltd. Business Overview & Revenue Model
Company Description
Oceanscape International Limited, together with its subsidiaries, engages in the commodities trading and renewable energy business in Singapore. It operates through Commodities Trading and Renewable Energy segments. The company offers trade of met...
V2Y Corporation Ltd. Financial Statement Overview
Summary
Income Statement
7
Very Negative
Balance Sheet
6
Very Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 60.00K | 7.00K | 911.00K | 215.00K | 304.00K | 1.09M |
| Gross Profit | -45.00K | -66.00K | 99.00K | 95.00K | 109.00K | 404.00K |
| EBITDA | -3.02M | -2.60M | -1.37M | -909.00K | -2.00M | -1.41M |
| Net Income | -2.91M | -2.34M | -1.63M | -921.00K | -2.19M | -1.79M |
Balance Sheet | ||||||
| Total Assets | 581.00K | 453.00K | 2.89M | 923.00K | 1.90M | 2.95M |
| Cash, Cash Equivalents and Short-Term Investments | 320.00K | 203.00K | 134.00K | 664.00K | 1.62M | 1.62M |
| Total Debt | 2.11M | 1.12M | 1.83M | 263.00K | 431.00K | 483.00K |
| Total Liabilities | 3.82M | 2.80M | 3.30M | 1.06M | 1.12M | 1.89M |
| Stockholders Equity | -3.24M | -2.35M | -446.00K | -137.00K | 784.00K | 1.06M |
Cash Flow | ||||||
| Free Cash Flow | -1.89M | -943.00K | -1.89M | -825.00K | -1.77M | -769.00K |
| Operating Cash Flow | -1.87M | -926.00K | -1.19M | -825.00K | -1.77M | -765.00K |
| Investing Cash Flow | -266.00K | -264.00K | -705.00K | 4.00K | 0.00 | -4.00K |
| Financing Cash Flow | 2.42M | 1.26M | 1.36M | -138.00K | 1.76M | 395.00K |
V2Y Corporation Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
44 Neutral | S$18.42M | -0.93 | -1026.01% | 130.45% | 2810.24% | -8.42% | |
43 Neutral | S$3.71M | -1.49 | 176.78% | ― | -82.62% | -71.05% | |
42 Neutral | S$6.38M | -1.74 | -14.16% | ― | -11.22% | -100.88% |
* Industrials Sector Average
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V2Y Corporation Ltd. Corporate Events
OceanScape Explores 300MW Off-Grid Solar Project for Kelantan Mining Hub
Jun 30, 2026
OceanScape International Limited is a Singapore-based energy infrastructure company, working through its wholly owned unit SeaScape Energy (Malaysia) Sdn. Bhd. The Group is moving into utility-scale off-grid solar and storage projects tailored to ...
OceanScape Signs Conditional Off-Grid Solar PPA With Malaysian Manganese Miner
Jun 27, 2026
OceanScape International Limited, formerly V2Y Corporation Ltd, is a Singapore-based group that is building a portfolio of renewable energy infrastructure projects in the region. Through its Malaysian subsidiary SeaScape Energy, the company provid...
OceanScape Wins Default Judgments to Recover Unpaid Subsidiary Sale Proceeds
Jun 23, 2026
OceanScape International’s wholly owned subsidiary V2Y Pte. Ltd. is pursuing unpaid sale proceeds from the disposal of two indirect subsidiaries, EVT 603 Pte Ltd and Evertrust FB Pte Ltd, to Hao Xiang Enterprise Pte. Ltd. and Specialty Tradi...
OceanScape Clears Key Condition as Convertible Loan Is Fully Disbursed
Jun 19, 2026
OceanScape International has received full disbursement of a previously approved convertible loan from investor Lang Jinjun, satisfying a key condition tied to a whitewash waiver granted in connection with the financing arrangement. The completion...
OceanScape Wins RMB15 Million-a-Year O&M Deal for 300MW China Solar Plant
May 27, 2026
SeaScape Energy Pte. Ltd., a wholly owned unit of OceanScape International Limited, has secured a two-year operations and maintenance mandate for Shandong Ruixuechang Power Engineering’s 300MW solar photovoltaic plant in China, starting 1 Ju...
OceanScape settles dispute with former sponsor, director legal actions continue
May 27, 2026
OceanScape International Limited has resolved its dispute with its former continuing sponsor, reaching an amicable settlement that covers both the company’s earlier legal proceedings and the sponsor’s letter of demand. Under the settle...
Oceanscape AGM Highlights Minority Shareholders’ Anger Over Prolonged Trading Suspension
May 22, 2026
Oceanscape International Limited held its annual general meeting in Singapore on 28 April 2026, where shareholders took note of the 2025 audited financial statements, approved S$191,000 in directors’ fees for 2026, re-elected all four direct...
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.