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Mencast Holdings Ltd.
(SGX:5NF)
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Rating:47Neutral
Price Target:
S$0.08
▼(-13.33% Downside)
Action:Reiterated
Date:07/01/26
The score is held back primarily by weakened 2025 financial performance (losses and margin compression) alongside still-elevated leverage, despite resilient positive free cash flow. Technicals are also soft with the price below key short-/mid-term moving averages. Valuation is a further drag given the high P/E and no provided dividend yield.
Positive Factors
Strong free cash flow generation
Mencast produced positive operating cash flow (13.9M) and FCF (10.7M) in a loss year, showing resilient cash conversion and working-capital control. Durable FCF supports debt reduction, routine capex and operational continuity, providing strategic flexibility through cycles.
Negative Factors
Revenue decline and margin compression
Top-line contraction and a sharp gross-margin drop indicate weaker demand, pricing pressure or poorer cost absorption. Margin erosion reduces operating leverage and the margin buffer against cost shocks, raising the structural risk to sustainable profitability over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Mencast produced positive operating cash flow (13.9M) and FCF (10.7M) in a loss year, showing resilient cash conversion and working-capital control. Durable FCF supports debt reduction, routine capex and operational continuity, providing strategic flexibility through cycles.
Read all positive factors
Mencast Holdings Ltd. (5NF) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$42.50M
Dividend YieldN/A
Average Volume (3M)4.02M
Price to Earnings (P/E)―
Beta (1Y)<0.01
Revenue Growth-13.36%
EPS Growth-242.31%
CountrySG
Employees302
SectorEnergy
Sector Strength52
IndustryIndustrial - Specialties
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding472,258,330
10 Day Avg. Volume1,077,100
30 Day Avg. Volume4,023,426
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.34
Price to Sales (P/S)0.86
P/FCF Ratio3.76
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
Mencast Holdings Ltd. Business Overview & Revenue Model
Company Description
Mencast Holdings Ltd., a Singapore-based investment holding company established in 1981, delivers comprehensive engineering and maintenance, repair, and overhaul (MRO) solutions across Singapore, Asia, and internationally. Its operations are struc...
How the Company Makes Money
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Mencast Holdings Ltd. Financial Statement Overview
Summary
Income Statement
43
Neutral
Balance Sheet
46
Neutral
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 46.34M | 53.49M | 48.42M | 42.34M | 45.91M |
| Gross Profit | 10.34M | 15.82M | 14.15M | 9.89M | 13.49M |
| EBITDA | 5.62M | 17.11M | 18.47M | 14.53M | 18.92M |
| Net Income | -3.45M | 2.42M | 1.46M | -414.00K | 6.51M |
Balance Sheet | |||||
| Total Assets | 160.33M | 175.76M | 180.99M | 201.06M | 217.58M |
| Cash, Cash Equivalents and Short-Term Investments | 7.86M | 10.16M | 10.47M | 9.03M | 14.31M |
| Total Debt | 50.22M | 59.23M | 69.77M | 91.43M | 105.11M |
| Total Liabilities | 128.92M | 140.85M | 148.63M | 170.19M | 186.05M |
| Stockholders Equity | 30.00M | 33.35M | 30.77M | 29.16M | 29.89M |
Cash Flow | |||||
| Free Cash Flow | 10.66M | 15.54M | 15.51M | 11.09M | 14.95M |
| Operating Cash Flow | 13.90M | 17.79M | 19.00M | 13.51M | 18.82M |
| Investing Cash Flow | -1.84M | 168.00K | 12.97M | 59.00K | -3.33M |
| Financing Cash Flow | -14.38M | -18.27M | -30.53M | -18.57M | -16.76M |
Mencast Holdings Ltd. Technical Analysis
Positive
0.09
Price Trends
0.09
Negative
0.09
Positive
0.08
Positive
Market Momentum
>-0.01
Negative
51.38
Neutral
80.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:5NF, the sentiment is Positive. The current price of 0.09 is above the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.09, and above the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.38 is Neutral, neither overbought nor oversold. The STOCH value of 80.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:5NF.
Mencast Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | S$135.00M | 17.12 | 31.63% | 1.14% | 0.32% | -11.53% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | S$431.25M | 4.53 | 41.48% | ― | 10.82% | 60.12% | |
56 Neutral | S$192.86M | 9.38 | 5.70% | 1.10% | -21.24% | ― | |
47 Neutral | S$42.50M | -12.16 | -10.91% | ― | -13.36% | -242.31% |
* Energy Sector Average
SG:5NF
Mencast Holdings Ltd.
0.09
0.06
221.43%
SG:BEZ
Beng Kuang Marine Ltd.
0.45
0.20
84.65%
SG:C13
CH Offshore Ltd.
0.01
>-0.01
-7.14%
SG:DU4
Mermaid Maritime Public Co., Ltd.
0.10
-0.01
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SG:M05
MTQ Corporation Limited
0.22
-0.07
-23.21%
SG:1MZ
Nam Cheong Limited
1.12
0.50
79.20%
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.