Aztech Global Ltd. (8AZ) AI Stock Analysis

• Market Cap: S$621.29M
• Dividend Yield: 17.05%
• Average Volume (3M): 699.89K
• Price to Earnings (P/E): 12.6
• Beta (1Y): 0.29
• Revenue Growth: -50.75%
• EPS Growth: -61.46%
• Country: SG
• Employees: 2,000
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.02
• Shares Outstanding: 773,825,560
• 10 Day Avg. Volume: 642,390
• 30 Day Avg. Volume: 699,886
• PEG Ratio: -0.29
• Price to Book (P/B): 1.73
• Price to Sales (P/S): 1.17
• P/FCF Ratio: 11.67
• 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: S$0.73
• Price Target Upside: -8.75% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.06
• Revenue Forecast (FY): S$473.30M

• Rating: 71 Outperform
• Price Target: S$0.83 ▲(4.00% Upside)
• Action: Reiterated Date: 03/01/26
• Date: Action: Reiterated 03/01/26

The score is driven primarily by solid underlying financial stability (low leverage) but tempered by the sharp 2025 revenue and margin deterioration that raises near-term execution risk. Valuation is supportive due to a reasonable P/E and very high dividend yield, while technicals are positive but look overheated (high RSI), limiting upside confidence in the short term.

Positive Factors

Conservative balance sheet / low leverage

Very low debt-to-equity across 2021–2025 offers durable financial flexibility. This structural conservatism supports capital allocation through cycles, funds working capital or capex without reliance on markets, and reduces solvency risk, aiding long-term stability and strategic optionality.

Negative Factors

Sharp 2025 revenue decline

A ~28–30% revenue drop in 2025 is a structural red flag for demand and execution; reduced scale weakens fixed-cost absorption, strains operating leverage, and can permanently impair supplier/customer relationships and price negotiation power if recovery is protracted.

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...

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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

Aztech Global Ltd. generates revenue primarily through the sale of its electronic products, which are distributed both directly to consumers and through partnerships with retailers and online marketplaces. The company also benefits from recurring ...

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Aztech Global Ltd. generates revenue primarily through the sale of its electronic products, which are distributed both directly to consumers and through partnerships with retailers and online marketplaces. The company also benefits from recurring ...

Aztech Global Ltd. Financial Statement Overview

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

• Technical Analysis Sentiment: Positive
• Last Price: 0.80
• 50DMA: Positive
• 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:8AZ, the sentiment is Positive. The current price of 0.8 is above the 20-day moving average (MA) of 0.79, above the 50-day MA of 0.72, and above the 200-day MA of 0.66, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 59.10 is Neutral, neither overbought nor oversold. The STOCH value of 45.37 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
E28	74 Outperform	S$902.63M	15.07	9.11%	1.88%	11.57%	0.89%
BBW	72 Outperform	S$323.70M	11.82	15.61%	5.52%	32.76%	54.96%
8AZ	71 Outperform	S$621.29M	12.58	16.42%	17.05%	-50.75%	-61.46%
AWX	63 Neutral	S$1.43B	31.84	3.48%	―	4.60%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
MZH	55 Neutral	S$394.30M	32.46	3.50%	1.12%	22.66%	83.49%

Aztech Global Ltd. Corporate Events