Aztech Global Ltd. (SG:8AZ)
SGX:8AZ
Want to see SG:8AZ full AI Analyst Report?
Top Page
Aztech Global Ltd.
(SGX:8AZ)
Select Model
Select Model
Rating:73Outperform
Price Target:
S$1.00
▲(16.28% Upside)
Action:Reiterated
Date:05/13/26
The score is supported by a conservative, low-debt balance sheet and strong technical uptrend (price above all key moving averages with positive MACD). Offsetting this, recent operating performance weakened materially in 2025 (revenue and margin pressure, lower free cash flow), and momentum indicators are overbought, increasing short-term volatility risk. A high dividend yield adds support on valuation/return.
Positive Factors
Conservative balance sheet
Very low leverage gives durable financial flexibility: management can fund working capital, R&D, or cyclical shortfalls without external financing. This reduces insolvency risk, supports dividend policy and strategic investments across a 2–6 month to multi-year horizon.
Negative Factors
Sharp revenue contraction in 2025
A large, persistent drop in scale weakens fixed-cost absorption and pricing leverage. Over several quarters this can compress margins, reduce bargaining power with suppliers and customers, and force strategic trade-offs in R&D or commercial investment that impair medium-term competitiveness.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage gives durable financial flexibility: management can fund working capital, R&D, or cyclical shortfalls without external financing. This reduces insolvency risk, supports dividend policy and strategic investments across a 2–6 month to multi-year horizon.
Read all positive factors
Aztech Global Ltd. (8AZ) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$802.67M
Dividend Yield17.05%
Average Volume (3M)699.89K
Price to Earnings (P/E)―
Beta (1Y)0.22
Revenue Growth-30.42%
EPS Growth-43.04%
CountrySG
Employees2,000
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.07
Shares Outstanding773,825,560
10 Day Avg. Volume642,390
30 Day Avg. Volume699,886
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)1.73
Price to Sales (P/S)1.17
P/FCF Ratio11.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$1.13Price Target Upside31.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.06
Revenue Forecast (FY)S$467.67M
Aztech Global Ltd. Business Overview & Revenue Model
Company Description
Aztech Global Ltd., together with its subsidiaries, engages in the research, development, engineering, and manufacturing of IoT devices, data-communication products, and LED lighting products in Singapore, North America, China, Europe, and interna...
How the Company Makes Money
null...
Aztech Global Ltd. Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
82
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 600.52M | 432.50M | 621.61M | 896.29M | 820.24M | 624.36M |
| Gross Profit | 118.50M | 51.27M | 141.57M | 148.86M | 204.66M | 155.47M |
| EBITDA | 70.52M | 46.98M | 91.29M | 133.56M | 90.27M | 95.85M |
| Net Income | 53.64M | 40.17M | 70.53M | 100.01M | 67.19M | 74.38M |
Balance Sheet | ||||||
| Total Assets | 459.71M | 428.32M | 471.21M | 597.27M | 541.39M | 518.20M |
| Cash, Cash Equivalents and Short-Term Investments | 228.56M | 269.58M | 311.26M | 272.02M | 226.22M | 201.51M |
| Total Debt | 13.48M | 14.56M | 17.13M | 22.20M | 8.45M | 18.03M |
| Total Liabilities | 186.40M | 136.70M | 132.12M | 252.33M | 257.39M | 225.23M |
| Stockholders Equity | 273.31M | 291.63M | 339.09M | 344.94M | 284.00M | 292.97M |
Cash Flow | ||||||
| Free Cash Flow | 52.79M | 43.30M | 109.91M | 86.72M | 99.96M | 37.11M |
| Operating Cash Flow | 53.72M | 45.05M | 113.30M | 90.99M | 106.42M | 41.90M |
| Investing Cash Flow | -413.00K | -122.64M | 29.05M | -13.70M | -34.45M | -4.10M |
| Financing Cash Flow | -41.72M | -91.80M | -83.08M | -43.48M | -75.36M | 151.92M |
Aztech Global Ltd. Technical Analysis
Positive
0.86
Price Trends
0.77
Positive
0.71
Positive
0.68
Positive
Market Momentum
0.03
Negative
65.67
Neutral
62.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:8AZ, the sentiment is Positive. The current price of 0.86 is above the 20-day moving average (MA) of 0.83, above the 50-day MA of 0.77, and above the 200-day MA of 0.68, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 65.67 is Neutral, neither overbought nor oversold. The STOCH value of 62.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:8AZ.
Aztech Global Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | S$802.67M | ― | 12.85% | 17.05% | -30.42% | -43.04% | |
72 Outperform | S$3.15B | 10.44 | 3.48% | ― | 4.98% | 47.27% | |
71 Outperform | S$436.23M | ― | 11.96% | 5.24% | 2.18% | 1.56% | |
71 Outperform | S$1.46B | ― | 6.55% | 1.88% | 8.91% | 5.41% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | S$563.56M | ― | 20.79% | ― | 31.67% | 250.00% | |
58 Neutral | S$67.31M | ― | -9.70% | ― | 1.98% | -6.41% |
* Technology Sector Average
SG:8AZ
Aztech Global Ltd.
1.04
0.58
124.14%
SG:BN2
Valuetronics Holdings
1.01
0.36
55.86%
SG:A31
Addvalue Technologies Ltd
0.15
0.14
1430.00%
SG:AWX
AEM Holdings Ltd.
9.91
8.65
688.39%
SG:E28
Frencken Group Limited
3.41
2.27
199.65%
SG:N01
Nera Telecommunications Ltd
0.19
0.10
111.36%
Aztech Global Ltd. Corporate Events
Aztech Global flags customer concentration risk as it returns surplus cash via special dividend
May 4, 2026
Aztech Global’s latest annual general meeting detailed how the group is navigating geopolitical and cost pressures while maintaining operational resilience. Management reported limited short-term impact from Middle East tensions and higher e...
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.