Tai Sin Electric Limited (500) AI Stock Analysis

• Market Cap: S$271.55M
• Dividend Yield: 3.92%
• Average Volume (3M): 535.68K
• Price to Earnings (P/E): 10.5
• Beta (1Y): 0.27
• Revenue Growth: 19.98%
• EPS Growth: 77.92%
• Country: SG
• Employees: 583
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.02
• Shares Outstanding: 462,988,830
• 10 Day Avg. Volume: 883,270
• 30 Day Avg. Volume: 535,683
• PEG Ratio: 0.09
• Price to Book (P/B): 0.86
• Price to Sales (P/S): 0.40
• P/FCF Ratio: -19.32
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: S$0.50 ▼(-16.67% Downside)

The overall stock score is driven by strong technical analysis indicators and a solid valuation, despite challenges in financial performance related to cash flow management and increased leverage. The stock's bullish momentum and attractive dividend yield enhance its investment appeal.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion.

Strategic Investment in EV Sector

The investment in the EV sector positions the company for growth in sustainable industries, aligning with future market trends.

Improved Profitability

Improved profitability through better margins indicates effective cost management and operational efficiency, supporting sustainable growth.

Negative Factors

Cash Flow Management Challenges

Negative cash flows indicate potential liquidity issues, which could constrain operational flexibility and investment capacity.

Increased Leverage

Higher leverage can increase financial risk, potentially impacting the company's ability to invest in growth opportunities.

Operational Efficiency Improvements Needed

Low margins indicate potential inefficiencies, which could hinder profitability if not addressed through operational improvements.

Tai Sin Electric Limited Business Overview & Revenue Model

Company Description

Tai Sin Electric Limited, together with its subsidiaries, designs, develops, manufactures, and trades in cable and wire products. The company operates through Cable & Wire, Electrical Material Distribution, Switchboard, and Test & Inspection segments. The Cable & Wire segment provides power, control, instrumentation, fire resistant and flame retardant cables, and busbar trucking systems for use in various areas of electrical and instrumentation installation for commercial, residential, industrial, and infrastructure projects. The Electrical Material Distribution segment provides industrial control systems and components, sensing products, measurement and monitoring systems, and power quality systems; and safety, cabling, and electrical accessories, as well as lighting and energy monitoring solutions to a range of industries, which includes industrial automation, maintenance, repair, and operations. The Switchboard segment offers switchgears comprising low voltage main and sub switchboards, distribution boards, control panels, and others for use in large buildings and industrial installations. The Test & Inspection segment offers consultancy, testing, inspection, and certification services for materials comprising concrete, soil, and asphalt premixes. It also engages in general construction and technical engineering, oil and gas, and non-construction activities, as well as distributing electrical products. The company serves end-users, contractors, manufacturers, system integrators, engineers, and consultants in Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally. Tai Sin Electric Limited was incorporated in 1980 and is headquartered in Singapore.

How the Company Makes Money

Tai Sin Electric Limited generates revenue primarily through the sale of its electrical products, which include a comprehensive range of cables and wires used in various applications. The company's revenue model is based on direct sales to businesses in sectors like construction and telecommunications, as well as partnerships with distributors and retailers. Key revenue streams include bulk orders from construction firms and ongoing contracts with government and private infrastructure projects. Additionally, the company benefits from strategic partnerships with international firms that expand its market reach and enhance its product offerings. Factors such as the growing demand for electrical infrastructure in Asia, investment in renewable energy projects, and the expansion of telecommunication networks contribute significantly to its earnings.

Tai Sin Electric Limited Financial Statement Overview

Summary

Tai Sin Electric Limited shows strong revenue growth and improved profitability, but faces challenges with cash flow management and increased leverage. The company needs to focus on enhancing operational efficiency and managing its debt levels to ensure sustainable growth.

Income Statement

Tai Sin Electric Limited has demonstrated a strong revenue growth rate of 9.25% in the latest year, indicating positive business momentum. The gross profit margin has remained stable around 16.7%, while the net profit margin improved to 5.4%, reflecting enhanced profitability. However, the EBIT and EBITDA margins, at 7.0% and 8.6% respectively, suggest room for operational efficiency improvements.

Balance Sheet

The company's debt-to-equity ratio increased to 0.43, indicating a higher leverage compared to previous years, which could pose a risk if not managed carefully. However, the return on equity improved to 11.7%, showcasing effective utilization of equity to generate profits. The equity ratio remains healthy, suggesting a solid financial foundation.

Cash Flow

The cash flow situation is concerning, with negative operating and free cash flows in the latest year. The free cash flow growth rate is significantly negative, and the operating cash flow to net income ratio is also negative, indicating cash flow management challenges. However, the free cash flow to net income ratio is positive, suggesting potential for improvement.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	480.73M	480.73M	400.68M	421.73M	379.05M	298.44M
Gross Profit	80.20M	80.20M	66.43M	62.74M	80.05M	41.37M
EBITDA	37.59M	41.32M	29.99M	29.72M	33.72M	28.31M
Net Income	25.95M	25.95M	14.60M	16.67M	22.01M	17.28M
Balance Sheet
Total Assets	375.55M	375.55M	315.66M	302.07M	315.71M	293.31M
Cash, Cash Equivalents and Short-Term Investments	38.26M	38.26M	27.42M	32.00M	29.20M	39.33M
Total Debt	94.61M	94.61M	59.77M	45.72M	43.04M	29.84M
Total Liabilities	150.06M	150.06M	107.01M	95.32M	112.14M	101.29M
Stockholders Equity	222.16M	222.16M	206.88M	204.81M	201.69M	190.24M
Cash Flow
Free Cash Flow	-9.95M	-9.88M	-4.86M	11.27M	-11.96M	19.67M
Operating Cash Flow	-5.20M	-5.13M	2.60M	16.28M	-7.44M	26.34M
Investing Cash Flow	-4.00M	-4.00M	-6.82M	-5.57M	-3.87M	-6.20M
Financing Cash Flow	20.09M	20.02M	-550.00K	-7.88M	1.19M	-14.27M

Tai Sin Electric Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.60
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:500, the sentiment is Neutral. The current price of 0.6 is above the 20-day moving average (MA) of 0.59, below the 50-day MA of 0.60, and above the 200-day MA of 0.50, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.27 is Neutral, neither overbought nor oversold. The STOCH value of 23.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:500.

Tai Sin Electric Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MR7	78 Outperform	S$164.79M	9.84	13.44%	1.84%	13.35%	20.00%
500	75 Outperform	S$271.55M	10.46	12.09%	3.92%	19.98%	77.92%
J2T	70 Outperform	S$225.33M	11.17	7.27%	4.29%	-4.42%	-46.97%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
F83	53 Neutral	S$528.46M	45.38	1.18%	―	6.34%	160.00%

Tai Sin Electric Limited Corporate Events

Tai Sin Electric Limited Announces Board Restructuring

Tai Sin Electric Limited, a company incorporated in Singapore, has announced several changes to its Board and Board Committees. Mr. Lim Chye Huat has retired as Non-Executive Director and will transition to an advisory role, while Mr. Renny Yeo Ah Kiang has been appointed as the new Chairman of the Board. Other key appointments include Mr. Yeo Rankin Brandt as Chairman of the Audit and Risk Committee and Ms. Seow Boon Teng as Chairman of the Remuneration Committee. Additionally, Mr. Tan Yong Hwa has been appointed as an Executive Director. These changes reflect the company’s strategic efforts to leverage experienced leadership and ensure effective governance.

The most recent analyst rating on (SG:500) stock is a Buy with a S$0.50 price target. To see the full list of analyst forecasts on Tai Sin Electric Limited stock, see the SG:500 Stock Forecast page.