Aspial Corporation Limited (A30) AI Stock Analysis

• Market Cap: S$145.16M
• Dividend Yield: N/A
• Average Volume (3M): 158.67K
• Price to Earnings (P/E): 26.4
• Beta (1Y): -0.30
• Revenue Growth: 13.06%
• EPS Growth: N/A
• Country: SG
• Employees: 302
• Sector: Real Estate
• Sector Strength: 63
• Industry: Real Estate - Services
• EPS (TTM): <0.01
• Shares Outstanding: 2,238,634,300
• 10 Day Avg. Volume: 258,240
• 30 Day Avg. Volume: 158,670
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.55
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 82.31
• 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

• Rating: 58 Neutral
• Price Target: S$0.00 ▼(-100.00%Downside)

Aspial Corporation Limited's overall stock score reflects strong revenue growth and improved profitability metrics, tempered by concerns over operational efficiency and liquidity issues. Technical indicators suggest caution due to potential overbought conditions, while the valuation highlights the stock's relatively high valuation. The absence of dividend yield further impacts its attractiveness. Improvements in cash flow management and operational efficiency are crucial for enhancing the company's long-term prospects.

Aspial Corporation Limited Business Overview & Revenue Model

Company Description

Aspial Corporation Limited (A30) is a Singapore-based investment holding company with diversified business operations. The company operates through three main segments: real estate, financial services, and lifestyle. In the real estate sector, Aspial is involved in property development and investment, focusing on residential, commercial, and mixed-use projects. The financial services segment includes personal finance solutions, while the lifestyle segment encompasses the retailing of jewelry and timepieces, with well-known brands under its portfolio.

How the Company Makes Money

Aspial Corporation Limited generates revenue through its diversified operations in real estate, financial services, and lifestyle sectors. In real estate, the company earns money from the development and sale of residential, commercial, and mixed-use properties, as well as from rental income from its investment properties. The financial services segment contributes to revenue through interest income and fees from personal finance products, including pawnbroking and secured lending. In the lifestyle segment, Aspial earns through the retail sales of jewelry and timepieces under its various brands. Significant partnerships and market presence in Singapore and other regions enhance its revenue generation capabilities.

Aspial Corporation Limited Financial Statement Overview

Summary

Aspial Corporation Limited demonstrates strong revenue growth and improving profitability metrics, reflecting effective cost management. However, operational efficiency needs attention, particularly in generating positive EBIT. The company's high leverage presents a financial risk, requiring careful debt management. Cash flow issues are evident with negative free and operating cash flows, which must be addressed to ensure long-term sustainability. Overall, the company is on a positive trajectory with areas needing strategic focus for enhanced stability.

Income Statement

Aspial Corporation Limited shows a robust increase in revenue for 2024, with a notable revenue growth rate from the previous year. The gross profit margin has improved, indicating better cost management or pricing strategy. However, the EBIT margin is at zero, which could be a concern for operational efficiency, and the net profit margin is relatively low, though improved from a negative position last year. The EBITDA margin is solid, suggesting decent earnings before interest, taxes, depreciation, and amortization.

Balance Sheet

The company's debt-to-equity ratio is relatively high, suggesting significant leverage, which could pose a risk if not managed carefully. The return on equity (ROE) is positive, showing that the company is generating profits from shareholders' investments, an improvement from previous losses. The equity ratio is moderate, indicating a balanced proportion of equity to assets, but there is room for improvement in asset financing.

Cash Flow

The operating cash flow has turned negative in 2024, which is concerning as it indicates operational cash difficulties. Free cash flow is also negative, highlighting potential liquidity issues. The free cash flow to net income ratio indicates that free cash flow is less than net income, which could be problematic for reinvestment and debt servicing. Improvements in operating cash flow management are needed to bolster financial stability.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
771.11M	678.36M	600.00M	506.24M	417.18M	531.25M
	Gross Profit
210.10M	240.93M	95.78M	198.50M	172.66M	197.87M
	EBIT
113.56M	60.84M	25.94M	35.12M	35.78M	80.39M
	EBITDA
58.37M	114.36M	63.64M	71.59M	75.79M	114.47M
	Net Income Common Stockholders
-19.44M	14.10M	-23.54M	-14.71M	-363.00K	17.74M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
36.05M	63.91M	55.68M	55.13M	44.93M	47.82M
	Total Assets
1.70B	1.78B	1.60B	1.61B	1.62B	1.59B
	Total Debt
945.17M	975.20M	912.41M	1.06B	1.05B	979.32M
	Net Debt
912.08M	912.06M	859.55M	1.01B	1.01B	933.29M
	Total Liabilities
1.20B	1.26B	1.10B	1.22B	1.18B	1.14B
	Stockholders Equity
411.47M	406.44M	417.74M	312.28M	352.73M	339.73M
Cash Flow		Free Cash Flow
10.28M	-58.09M	23.23M	2.10M	-53.07M	141.74M
	Operating Cash Flow
31.76M	-38.00M	36.55M	22.30M	-16.77M	177.49M
	Investing Cash Flow
2.92M	6.65M	12.92M	1.01M	-30.63M	-21.28M
	Financing Cash Flow
-34.37M	38.16M	-47.80M	-11.31M	42.03M	-245.59M

Aspial Corporation Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 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 Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and below the 200-day MA of 0.07, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 64.37 is Neutral, neither overbought nor oversold. The STOCH value of 113.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	$2.86B	10.96	0.41%	6.08%	5.73%	-21.25%
A30	58 Neutral	S$145.16M	26.40	1.95%	―	13.06%	―
5JK	58 Neutral	S$242.34M	36.79	0.92%	1.94%	12.04%	18.64%

Aspial Corporation Limited Corporate Events

Aspial Corporation Extends Deadline for Note Exchange Invitation

Aspial Corporation Limited has announced an extension of the expiration deadline for its invitation to exchange outstanding 6.50% notes due December 2025 for new notes due 2027. The deadline has been moved to June 25, 2025, to allow more time for nominee banks to gather instructions from beneficial owners. This extension ensures that all validly completed applications submitted before the new deadline remain valid, and noteholders will still receive interest payments on June 21, 2025, regardless of their participation in the exchange.

Aspial Corporation Invites Noteholders for Exchange Offer to Extend Investment

Aspial Corporation Limited has announced an invitation for noteholders to exchange their existing 6.50% notes due December 2025 for new notes of the same interest rate, due in 2027. This exchange offer is driven by interest from major noteholders who wish to extend their investment and aims to refinance the existing notes, thereby improving the company’s cash flow position.

Aspial Corporation Completes Redemption of Fixed Rate Notes

Aspial Corporation Limited has announced the full redemption and cancellation of its fixed rate notes due March 2025, amounting to S$1,750,000. This move signifies the company’s fulfillment of its debt obligations under its multi-currency debt issuance program, potentially strengthening its financial position and reassuring stakeholders about its commitment to financial management.