Aspial Corporation Limited (A30) AI Stock Analysis

• Market Cap: S$216.63M
• Dividend Yield: N/A
• Average Volume (3M): 195.26K
• Price to Earnings (P/E): 11.1
• Beta (1Y): 0.02
• Revenue Growth: 26.74%
• EPS Growth: N/A
• Country: SG
• Employees: 302
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Real Estate - Services
• EPS (TTM): <0.01
• Shares Outstanding: 2,238,634,300
• 10 Day Avg. Volume: 75,550
• 30 Day Avg. Volume: 195,260
• PEG Ratio: -0.09
• Price to Book (P/B): 0.37
• Price to Sales (P/S): 0.22
• P/FCF Ratio: -2.56
• 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: 54 Neutral
• Price Target: S$0.10 ▼(-3.00% Downside)

Aspial Corporation Limited's overall stock score is primarily influenced by its financial performance, which shows growth but with significant challenges in profitability, leverage, and cash flow. Technical analysis indicates a neutral to bearish sentiment, while valuation suggests the stock is reasonably priced but lacks dividend appeal. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for Aspial's real estate and luxury goods, supporting long-term business expansion.

Gross Profit Margin

A strong gross profit margin suggests effective cost control and pricing power, enhancing long-term profitability potential.

Strategic Partnerships

These partnerships provide Aspial with growth opportunities and operational efficiencies, strengthening its competitive position.

Negative Factors

High Leverage

High leverage can increase financial risk and limit flexibility, potentially impacting long-term financial stability.

Cash Flow Challenges

Negative cash flow highlights liquidity concerns, which could constrain investment and growth opportunities over time.

Low Net Profit Margin

A low net profit margin indicates challenges in converting revenue into profit, affecting long-term earnings potential.

Aspial Corporation Limited Business Overview & Revenue Model

Company Description

Aspial Corporation Limited (A30) is a Singapore-based investment holding company that operates primarily in the real estate and investment sectors. The company's core business segments include property development, property investment, and the trading of gold and diamonds. Aspial is known for its residential and commercial property projects, catering to various market segments, and has also established a presence in the luxury goods market through its jewelry business.

How the Company Makes Money

Aspial Corporation Limited generates revenue primarily through its real estate development and investment activities. The company earns income from the sale of residential and commercial properties, with significant contributions from completed projects as well as ongoing developments. Additionally, Aspial's property investment segment provides recurring income through rental yields from its investment properties. The company's jewelry segment, which focuses on the trading of gold and diamonds, also contributes to its revenue through sales of luxury goods. Strategic partnerships with financial institutions and other real estate developers further enhance Aspial's market reach and operational capabilities, providing avenues for growth and additional revenue streams.

Aspial Corporation Limited Financial Statement Overview

Summary

Aspial Corporation Limited shows revenue growth and efficient cost management, but faces challenges in profitability, leverage, and cash flow. High debt levels and negative cash flows pose risks, while the low net profit margin indicates limited profitability. Improvement in financial stability and cash management is needed.

Income Statement

Aspial Corporation Limited shows a positive revenue growth trend with a 6.75% increase in TTM. The gross profit margin is healthy at 34.93%, indicating efficient cost management. However, the net profit margin is relatively low at 2.58%, suggesting limited profitability. The EBIT margin has decreased to 8.89% in TTM, reflecting potential operational challenges. Overall, the income statement reflects growth but with constrained profitability.

Balance Sheet

The company has a high debt-to-equity ratio of 2.49, indicating significant leverage, which could pose financial risks. The return on equity is modest at 4.93%, showing limited returns to shareholders. The equity ratio is not explicitly calculated but suggests a moderate equity base relative to assets. The balance sheet highlights a need for improved financial stability and reduced leverage.

Cash Flow

Aspial Corporation Limited faces cash flow challenges, with negative operating cash flow and free cash flow in TTM. The free cash flow to net income ratio is strong at 1.33, indicating efficient conversion of earnings to cash. However, the negative cash flow growth and operating cash flow coverage ratio highlight liquidity concerns. The cash flow statement suggests a need for improved cash management and operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	776.51M	678.36M	600.00M	506.24M	417.18M	531.25M
Gross Profit	271.25M	240.93M	95.78M	97.50M	172.66M	197.87M
EBITDA	80.25M	114.36M	63.64M	71.59M	75.79M	114.47M
Net Income	20.02M	14.10M	-23.54M	-14.71M	-363.00K	17.74M
Balance Sheet
Total Assets	1.79B	1.78B	1.60B	1.61B	1.62B	1.59B
Cash, Cash Equivalents and Short-Term Investments	51.43M	63.91M	56.66M	55.13M	44.93M	53.83M
Total Debt	1.01B	975.20M	912.41M	1.06B	1.05B	979.32M
Total Liabilities	1.27B	1.26B	1.10B	1.22B	1.18B	1.14B
Stockholders Equity	405.23M	406.44M	417.74M	312.28M	352.73M	339.73M
Cash Flow
Free Cash Flow	-52.61M	-58.09M	23.23M	2.10M	-53.07M	141.74M
Operating Cash Flow	-39.56M	-38.00M	36.55M	22.30M	-16.77M	177.49M
Investing Cash Flow	15.96M	6.65M	12.92M	1.01M	-30.63M	-21.28M
Financing Cash Flow	39.14M	38.16M	-47.80M	-11.31M	40.17M	-245.59M

Aspial Corporation Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.10
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:A30, the sentiment is Neutral. The current price of 0.1 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.10, and above the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.37 is Neutral, neither overbought nor oversold. The STOCH value of 94.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:A30.

Aspial Corporation Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
5JK	58 Neutral	S$256.45M	23.18	1.53%	0.46%	21.91%	82.03%
A30	54 Neutral	S$216.63M	11.11	7.26%	―	26.74%	―

Aspial Corporation Limited Corporate Events

Aspial Corporation Announces Strategic Acquisition of AF Global Shares

Aspial Corporation Limited, through its special purpose vehicle AFG Investment Pte. Ltd., has announced a proposed acquisition of all issued ordinary shares in AF Global Limited, excluding certain shares held by existing major shareholders. The acquisition, valued at approximately S$31.8 million, is structured as a scheme of arrangement and involves a cash payment of S$0.11 per share. This strategic move, involving equal ownership and decision-making by Aspial and KWMCo, aims to consolidate Aspial’s position in the market, though it is classified as an interested person transaction under SGX regulations.

Aspial’s Subsidiary Seeks Compensation Over Land Title Errors

Aspial Corporation Limited’s subsidiary, WCL (QLD) Albert St Pty Ltd, is initiating legal proceedings in the Supreme Court of Queensland against the State of Queensland and the Registrar of Titles. The claim seeks compensation for losses incurred due to errors in land title registration, which impacted a planned development project in Brisbane. Despite the significant claim amount, Aspial anticipates no material financial impact on the Group for the year ending December 2025, and advises shareholders to exercise caution.

AFG Investment Proposes Acquisition of AF Global Limited

AFG Investment Pte. Ltd. has announced a proposed acquisition of all issued ordinary shares of AF Global Limited, excluding certain shares, through a scheme of arrangement. This acquisition, formalized through an implementation agreement, signifies a strategic move that could impact AF Global’s operations and market positioning, particularly as it plans to divest its interests in real estate consultancy services.