Aspial Corporation Limited (A30) AI Stock Analysis

• Market Cap: S$154.09M
• Dividend Yield: N/A
• Average Volume (3M): 137.71K
• Price to Earnings (P/E): 28.0
• Beta (1Y): -0.22
• Revenue Growth: 13.06%
• EPS Growth: N/A
• Country: SG
• Employees: 302
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): <0.01
• Shares Outstanding: 2,238,634,300
• 10 Day Avg. Volume: 55,220
• 30 Day Avg. Volume: 137,710
• 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: 62 Neutral
• Price Target: S$0.00 ▼(-100.00%Downside)

Aspial Corporation Limited's score is primarily driven by its strong revenue growth and improving profitability, despite operational and cash flow challenges. The stock shows positive technical trends, although its valuation is relatively high without a supporting dividend yield. Addressing cash flow and leverage concerns could improve the score.

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
EBITDA	58.37M	114.36M	63.64M	71.59M	75.79M	114.47M
Net Income	-19.44M	14.10M	-23.54M	-14.71M	-363.00K	17.74M
Balance Sheet
Total Assets	1.70B	1.78B	1.60B	1.61B	1.62B	1.59B
Cash, Cash Equivalents and Short-Term Investments	36.05M	63.91M	55.68M	55.13M	44.93M	47.82M
Total Debt	945.17M	975.20M	912.41M	1.06B	1.05B	979.32M
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: 0.07
• 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 0.07 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 65.24 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 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 *	65 Neutral	$1.98B	17.43	2.40%	5.22%	-0.31%	5.93%
A30	62 Neutral	S$154.09M	28.00	1.95%	―	13.06%	―
5JK	59 Neutral	S$244.69M	37.14	0.92%	1.92%	12.04%	18.64%

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.

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.