Aztech Global Ltd. (8AZ) AI Stock Analysis

• Market Cap: S$432.20M
• Dividend Yield: 35.09%
• Average Volume (3M): 708.60K
• Price to Earnings (P/E): 6.1
• Beta (1Y): 0.22
• Revenue Growth: -30.65%
• EPS Growth: -29.55%
• Country: SG
• Employees: 2,000
• Sector: Technology
• Sector Strength: 86
• Industry: Hardware, Equipment & Parts
• EPS (TTM): <0.01
• Shares Outstanding: 773,825,560
• 10 Day Avg. Volume: 1,121,390
• 30 Day Avg. Volume: 708,596
• PEG Ratio: 0.16
• Price to Book (P/B): 43.97
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 29.62
• 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$0.46
• Price Target Upside: -19.30% Downside
• Rating Consensus: Strong Sell
• Number of Analyst Covering: 3

• Rating: 79 Outperform
• Price Target: S$0.50 ▼(-12.28%Downside)

Aztech Global Ltd. scores strongly due to its robust financial position, attractive valuation, and favorable dividend yield. While technical analysis indicates some short-term momentum, the absence of earnings call details and corporate events leaves the overall assessment focused on core financial and valuation metrics.

Positive Factors

Customer Diversification

Aztech secured 7 new customers, with commercial production expected to contribute positively in the future.

Financial Performance

Aztech generated net cash of S$18.6m from its operating activities as it continued with its disciplined cost and tight working capital management and delivered free cash flow of S$18.3m on prudent capital expenditure.

Product Development

The company has developed new products in various segments, and its facility's recent certification could enhance engagement with health-tech and medical customers.

Negative Factors

Customer Dependence

Aztech's dependence on its key customer, which accounts for 80.0% of FY24 revenue, poses a significant risk to its earnings if orders do not recover or drop further.

Market Conditions

Aztech is encountering demand volatility due to rising trade restrictions, geopolitical tensions, and global economic uncertainties.

Order Flow

The outlook for FY25F remains challenging as the order flow from its key customer remains weak.

Aztech Global Ltd. Business Overview & Revenue Model

Company Description

Aztech Global Ltd. (8AZ) is a leading technology company specializing in the design, development, and manufacturing of electronic products and solutions. The company operates in sectors including consumer electronics, data communications, and Internet of Things (IoT) applications. Aztech Global is known for its innovative solutions, providing a wide range of products such as networking devices, smart home systems, and energy management solutions.

How the Company Makes Money

Aztech Global Ltd. generates revenue through the sale of its electronic products and solutions across various markets, including consumer and enterprise sectors. The company's key revenue streams include the sales of networking devices, smart home products, and IoT solutions, which are distributed through a combination of direct sales, partnerships, and retail channels. Additionally, Aztech invests in research and development to maintain a competitive edge and drive product innovation, which in turn supports its market position and revenue growth. Partnerships with technology companies and distributors play a crucial role in expanding its market reach and enhancing its product offerings.

Aztech Global Ltd. Financial Statement Overview

Summary

Aztech Global Ltd. shows strong financial health with a robust balance sheet and effective cash flow management. Despite a decline in revenue growth, the company maintains efficient operations, with low leverage and a strong equity base providing stability.

Income Statement

Aztech Global Ltd. shows a consistent revenue stream with fluctuations in profitability. The gross profit margin has been stable, but net profit margin has slightly decreased over the last year. The revenue growth rate has been negative recently, indicating a decline in sales. EBIT and EBITDA margins are strong, indicating efficient operations despite the revenue dip.

Balance Sheet

The balance sheet is robust with a low debt-to-equity ratio, reflecting financial stability and low leverage risk. The return on equity is healthy, suggesting good profitability relative to shareholder investment. High equity ratio points to a strong equity base compared to total assets.

Cash Flow

Cash flow from operations is strong and growing, with positive free cash flow indicating efficient cash management. The free cash flow to net income ratio is favorable, suggesting the company is turning profits into cash effectively. However, the free cash flow growth rate has slowed, indicating potential future cash flow constraints.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	621.61M	896.29M	820.24M	624.36M	484.27M
Gross Profit	141.57M	148.86M	204.66M	155.47M	138.19M
EBITDA	91.29M	133.56M	90.27M	95.85M	76.31M
Net Income	70.53M	100.01M	67.19M	74.38M	55.73M
Balance Sheet
Total Assets	471.21M	597.27M	541.39M	518.20M	300.25M
Cash, Cash Equivalents and Short-Term Investments	311.26M	272.02M	226.22M	201.51M	11.46M
Total Debt	17.13M	22.20M	8.45M	18.03M	37.37M
Total Liabilities	132.12M	252.33M	257.39M	225.23M	258.63M
Stockholders Equity	339.09M	344.94M	284.00M	292.97M	41.62M
Cash Flow
Free Cash Flow	109.91M	86.72M	99.96M	37.11M	17.14M
Operating Cash Flow	113.30M	90.99M	106.42M	41.90M	28.57M
Investing Cash Flow	29.05M	-13.70M	-34.45M	-4.10M	-10.70M
Financing Cash Flow	-83.08M	-43.48M	-75.36M	151.92M	-20.66M

Aztech Global Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.57
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• 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 0.57 is below the 20-day moving average (MA) of 0.58, above the 50-day MA of 0.55, and below the 200-day MA of 0.63, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.54 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 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
8AZ	79 Outperform	S$432.20M	6.13	20.62%	35.09%	-30.65%	-29.55%
E28	69 Neutral	S$533.86M	14.38	8.89%	2.63%	6.93%	14.19%
JLB	64 Neutral	S$320.63M	28.90	8.66%	0.31%	43.32%	96.93%
MZH	61 Neutral	S$423.62M	55.08	2.02%	1.30%	15.39%	140.82%
AWX	55 Neutral	S$463.80M	40.71	2.40%	―	-20.96%	―
Sector *	50 Neutral	AU$1.48B	1.28	-28.24%	3.26%	16.24%	-7.89%

Aztech Global Ltd. Corporate Events

Aztech Global Secures Spot in 2025 Fortune Southeast Asia 500

Aztech Global Ltd. has been recognized for the second consecutive year in the Fortune Southeast Asia 500 list for 2025, underscoring its commitment to providing innovative solutions in the IoT and data-communication sectors. This achievement highlights Aztech’s strategic efforts in enhancing its manufacturing capabilities in Malaysia and leveraging global trends to drive growth, reflecting its dedication to operational agility and cost management, which are pivotal for delivering sustainable value to its stakeholders.

The most recent analyst rating on (SG:8AZ) stock is a Hold with a S$0.90 price target. To see the full list of analyst forecasts on Aztech Global Ltd. stock, see the SG:8AZ Stock Forecast page.

Aztech Global Ltd. Wins Prestigious Enterprise Award for Innovation and Community Impact

Aztech Global Ltd. has been awarded The Enterprise Award at the Singapore Business Awards 2025, recognizing its innovation, agile leadership, financial resilience, and community impact. The company is committed to enhancing its design and manufacturing capabilities, expanding its global customer base, and supporting community initiatives, reflecting its strategy of creating value through innovation and responsible growth.

The most recent analyst rating on (SG:8AZ) stock is a Hold with a S$0.90 price target. To see the full list of analyst forecasts on Aztech Global Ltd. stock, see the SG:8AZ Stock Forecast page.

Aztech Global Ltd. Convenes Annual General Meeting

Aztech Global Ltd. held its Annual General Meeting on April 11, 2025, at the Suntec Singapore Convention & Exhibition Centre. The meeting was attended by the Board of Directors, shareholders, proxy holders, and key company officials, including the CFO and auditors. This gathering is a significant event for stakeholders, providing insights into the company’s strategic direction and operational focus.

Aztech Global Ltd. Announces Board Restructuring and New Lead Independent Director

Aztech Global Ltd. has announced changes to its board committees and the appointment of a new Lead Independent Director, effective May 1, 2025. These changes include the reconstitution of the Audit, Nominating, and Remuneration Committees, with Mr. Huang Junli, Christopher being appointed as the Lead Independent Director. This strategic move is expected to enhance governance and oversight within the company, potentially strengthening its position in the market and providing reassurance to stakeholders.