Aspial Corporation Limited (A30) AI Stock Analysis

• Market Cap: S$225.56M
• Dividend Yield: N/A
• Average Volume (3M): 1.24M
• Price to Earnings (P/E): 11.2
• Beta (1Y): -0.08
• 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: 578,030
• 30 Day Avg. Volume: 1,240,526
• 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: Hold
• Number of Analyst Covering: 1

• Rating: 62 Neutral
• Price Target: S$0.00 ▼(-100.00% Downside)

Aspial Corporation Limited's stock score is primarily driven by its reasonable valuation and positive technical indicators. However, financial performance challenges, particularly in cash flow management and high leverage, pose significant risks. The absence of earnings call insights and corporate events limits the analysis to available financial and market data.

Aspial Corporation Limited Business Overview & Revenue Model

Company Description

Aspial Corporation Limited, an investment holding company, operates in the real estate, financial service, and jewelry businesses in Singapore, Australia, Malaysia, Hong Kong, Germany, China, and Ireland. It is involved in the provision of pawn broking and secured lending services; and retail and trading of pre-loved jewelry, timepieces, and bags, as well as branded merchandise. The company engages in the jewelry retail business under the brands of Lee Hwa Jewellery, Goldheart, and Niessing; and gold bullion broking and dealing activities. It is involved in the rental of properties; provision of management and other support services; and jewellery manufacturing and wholesaling activities; operates hotels, resorts, and serviced residences, as well as offers real estate consultancy services. The company was formerly known as Lee Hwa Holdings Ltd. and changed its name to Aspial Corporation Limited in 2001. Aspial Corporation Limited was incorporated in 1970 and is based in Singapore. Aspial Corporation Limited is a subsidiary of MLHS Holdings Pte. Ltd.

How the Company Makes Money

Aspial Corporation generates revenue through multiple streams, primarily from its real estate development projects, where it profits by selling residential units and commercial properties upon completion. The company also earns recurring income from its property investment segment, which includes leasing commercial properties to tenants. Additionally, the retail and trading of jewelry contributes to its earnings, with revenue generated from the sale of luxury jewelry items. Partnerships with local and international real estate firms enhance its development capabilities and market reach, while its established brand reputation in the jewelry sector aids in attracting customers and increasing sales.

Aspial Corporation Limited Financial Statement Overview

Summary

Aspial Corporation Limited shows 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.

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	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: 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:A30, the sentiment is Neutral. The current price of 0.1 is below the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.10, and above the 200-day MA of 0.07, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 53.78 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 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
A30	62 Neutral	S$225.56M	11.22	7.26%	―	26.74%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
5JK	55 Neutral	S$251.75M	22.96	1.53%	0.47%	21.91%	82.03%

Aspial Corporation Limited Corporate Events

Aspial Corporation Issues New Notes Under Debt Programme

Aspial Corporation Limited announced the successful issuance of S$43,500,000 6.50% notes due 2027, under its multicurrency debt issuance program. This move, which involved exchanging existing notes due 2025 for new ones, reduces the outstanding principal of the old notes to S$6,000,000 and positions the company for future financial stability. The new notes have received in-principle approval for listing on the Singapore Exchange, reflecting the company’s strategic financial management.

Aspial Corporation Limited Announces Successful Note Exchange

Aspial Corporation Limited announced the results of its invitation to exchange outstanding 6.50% notes due December 2025 for new notes due 2027. The company accepted S$43,500,000 in offered notes for exchange, with the settlement date set for July 2, 2025. This move reduces the outstanding principal of the existing notes to S$6,000,000 and aligns with Aspial’s strategy to manage its debt profile effectively.

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.