Addvalue Technologies Ltd (A31) AI Stock Analysis

• Market Cap: S$335.19M
• Dividend Yield: N/A
• Average Volume (3M): 31.27M
• Price to Earnings (P/E): 65.0
• Beta (1Y): 0.80
• Revenue Growth: 31.67%
• EPS Growth: 250.00%
• Country: SG
• Employees: 70
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): <0.01
• Shares Outstanding: 3,683,375,000
• 10 Day Avg. Volume: 45,460,439
• 30 Day Avg. Volume: 31,271,219
• PEG Ratio: 0.02
• Price to Book (P/B): 2.70
• Price to Sales (P/S): 1.40
• P/FCF Ratio: 11.59
• 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: 57 Neutral
• Price Target: S$0.10 ▲(137.50% Upside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is driven primarily by mixed financial performance—strong margins and ROE offset by declining revenue and shrinking free cash flow. Technicals show an uptrend but are heavily overbought, and valuation is a key headwind due to a very high P/E with no dividend support.

Positive Factors

High profitability margins

Sustained high gross and operating margins indicate differentiated product economics and pricing power in satellite terminals. Over 2–6 months this margin profile supports reinvestment in R&D and product support, cushioning the business against cyclical revenue weakness and preserving long-term profitability.

Strong ROE with moderate leverage

A 24% ROE alongside moderate debt suggests effective capital allocation and a balanced capital structure. This durability in returns allows the firm to finance growth internally or service debt without excessive refinancing risk, supporting stability and strategic optionality across multi-quarter horizons.

Niche satellite communications franchise

A focused product set for maritime and remote mission-critical connectivity creates structural demand and higher switching costs. This niche positioning supports recurring orders from specialized customers and long product lifecycles, underpinning durable revenue opportunities beyond short-term market cycles.

Negative Factors

Declining revenue trend

A material year-over-year revenue decline signals weakening market traction or order timing issues. If sustained, shrinking top line erodes economies of scale, pressures fixed-cost absorption, and limits resources for R&D and sales expansion, risking gradual margin compression and slower long-term growth.

Shrinking free cash flow & weak cash conversion

Declining FCF and low operating-cash-to-earnings ratios indicate weaker cash conversion, reducing funds available for capex, debt reduction or strategic investment. Over several quarters this limits financial flexibility and could force trade-offs between growth initiatives and balance sheet repair.

Limited forward guidance / disclosure

Absence of guidance and no disclosed earnings highlights reduces visibility into demand and management plans. Persisting informational gaps hinder stakeholder planning and make it harder to assess execution on strategy, raising uncertainty around sustained recovery or investment pacing over the medium term.

Addvalue Technologies Ltd Business Overview & Revenue Model

Company Description

Addvalue Technologies Ltd, an investment holding company, provides satellite-based communication and digital broadband products and solutions. It operates through three segments: Europe Middle East and Africa, North America, and Asia Pacific. The company develops and manufactures a range of terminals operating on satellite networks for land, maritime, aeronautical applications, and space resilient technologies. It also designs, develops, and distributes tele-communication equipment and related products; and business development, sells, and marketing of satellite communication equipment; and design and supply of communication products and services. The company markets its products and solutions under the Addvalue brand. The company was founded in 1994 and is headquartered in Singapore.

How the Company Makes Money

Addvalue Technologies Ltd generates revenue through multiple streams, primarily by selling satellite communication hardware, including terminals and related equipment. The company also earns income from providing service contracts for ongoing support and maintenance of its systems. Additionally, it monetizes its technology through licensing agreements and partnerships with other telecommunications companies and service providers, enhancing its market reach and capabilities. The growth of its earnings is further supported by increasing demand for reliable communication solutions in remote and challenging environments, as industries rely more on connectivity for operational success.

Addvalue Technologies Ltd Financial Statement Overview

Summary

Mixed fundamentals: strong profitability (gross margin 52.14%, net margin 12.58%, healthy EBIT/EBITDA margins) and a solid balance sheet (D/E 0.60, ROE 24.31%), but notable top-line and cash flow pressure (revenue growth -17.06%, free cash flow growth -16.88%).

Income Statement

Addvalue Technologies Ltd has shown a mixed performance in its income statement. The company achieved a gross profit margin of 52.14% and a net profit margin of 12.58% in the latest year, indicating strong profitability. However, the revenue growth rate was negative at -17.06%, suggesting a decline in sales. The EBIT margin of 13.50% and EBITDA margin of 22.19% are healthy, but the decline in revenue growth is a concern.

Balance Sheet

The balance sheet of Addvalue Technologies Ltd reflects a stable financial position with a debt-to-equity ratio of 0.60, indicating moderate leverage. The return on equity (ROE) is strong at 24.31%, showcasing effective use of equity to generate profits. The equity ratio stands at 32.52%, suggesting a balanced capital structure. Overall, the company maintains a solid balance sheet with manageable debt levels.

Cash Flow

The cash flow statement reveals a decline in free cash flow growth at -16.88%, which is a concern for future liquidity. However, the operating cash flow to net income ratio of 0.30 and free cash flow to net income ratio of 0.53 indicate that the company is generating sufficient cash relative to its net income. Despite the negative growth in free cash flow, the company maintains adequate cash flow coverage.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	15.53M	12.77M	7.55M	5.46M	2.68M
Gross Profit	8.10M	6.71M	3.60M	3.77M	730.16K
EBITDA	3.44M	2.00M	-1.85M	-5.72M	-3.51M
Net Income	1.95M	277.00K	-2.99M	-7.96M	-6.18M
Balance Sheet
Total Assets	24.72M	19.01M	16.35M	14.89M	20.19M
Cash, Cash Equivalents and Short-Term Investments	1.51M	538.00K	171.11K	985.82K	289.04K
Total Debt	4.79M	5.17M	4.36M	5.91M	7.05M
Total Liabilities	16.68M	12.88M	10.52M	12.46M	12.33M
Stockholders Equity	8.04M	6.13M	5.83M	2.43M	7.86M
Cash Flow
Free Cash Flow	1.87M	847.00K	-4.36M	-1.66M	-4.59M
Operating Cash Flow	3.56M	1.77M	-2.73M	434.11K	-2.79M
Investing Cash Flow	-1.62M	-922.00K	-837.08K	-236.79K	-1.13M
Financing Cash Flow	-969.00K	-463.00K	3.09M	160.63K	4.13M

Addvalue Technologies Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
N01	58 Neutral	S$70.21M	-23.37	-13.95%	―	-11.99%	-2666.67%
A31	57 Neutral	S$335.19M	65.00	40.64%	―	31.67%	250.00%
BIX	54 Neutral	S$40.83M	54.44	2.00%	26.09%	4.89%	―
5AB	42 Neutral	S$31.94M	56.67	1.45%	―	-12.41%	-71.88%

Addvalue Technologies Ltd Corporate Events

Addvalue Joins MSCI Global Micro Cap Singapore Index, Boosting Investor Visibility

Addvalue Technologies Ltd has been added as a constituent of the MSCI Global Micro Cap Indexes – Singapore Index, a move that is expected to raise its profile among global institutional investors and index-tracking funds. The inclusion, effective at the close of 27 February 2026, signals the company’s growing presence in international capital markets and may broaden its shareholder base.

Management described the MSCI inclusion as an endorsement of Addvalue’s business fundamentals and growth trajectory in the space, defence and advanced technology sectors. The heightened visibility could strengthen the company’s industry positioning in satellite communications and support future capital-raising or strategic initiatives, benefiting both the firm and its stakeholders.

The most recent analyst rating on (SG:A31) stock is a Hold with a S$0.10 price target. To see the full list of analyst forecasts on Addvalue Technologies Ltd stock, see the SG:A31 Stock Forecast page.

Addvalue trims convertible bond principal as more rights issue bonds convert to equity

Addvalue Technologies said bondholders have converted a further tranche of its renounceable, non-underwritten discounted and redeemable convertible bonds, issued under a rights issue first detailed in 2022. On 24 February 2026 the company allotted 1,138,289 new conversion shares at the preset conversion price, reflecting ongoing investor take-up of the instrument.

Following this latest conversion, the outstanding principal of the convertible bonds has fallen to S$133,691 from S$153,042, reducing the company’s debt obligations while modestly increasing its issued share capital. The move slightly dilutes existing shareholders but strengthens the balance sheet, signalling incremental progress in shifting funding from borrowings to equity-based capital.

The most recent analyst rating on (SG:A31) stock is a Hold with a S$0.10 price target. To see the full list of analyst forecasts on Addvalue Technologies Ltd stock, see the SG:A31 Stock Forecast page.

Addvalue Reminds Investors of Imminent Deadline for Convertible Bond Conversions

Addvalue Technologies has issued a notice to holders of its outstanding S$153,042 redeemable convertible bonds regarding the timeline for exercising their conversion rights. The company reminded bondholders that the conversion period will end at 3:00 p.m. Singapore time on 13 February 2026, after which conversion into shares will no longer be possible and interest will cease upon conversion.

The notice follows a series of prior announcements relating to the rights issue and listing of the bonds, underscoring regulatory and procedural transparency around the instrument’s lifecycle. The update helps investors plan their actions ahead of the deadline, clarifying the remaining window to convert and the implications for interest payments, and may influence trading and capital structure decisions as the conversion cut-off approaches.

The most recent analyst rating on (SG:A31) stock is a Hold with a S$0.09 price target. To see the full list of analyst forecasts on Addvalue Technologies Ltd stock, see the SG:A31 Stock Forecast page.

Addvalue Corrects Outstanding Amount on Redeemable Convertible Bonds

Addvalue Technologies has clarified the outstanding amount of its redeemable convertible bonds issued under a renounceable non-underwritten rights issue first launched in 2022. The company, which listed these bonds on the SGX-ST in November 2022, corrected an earlier disclosure, stating that the principal amount outstanding as at 9 February 2026 is S$153,042, rather than the previously announced S$191,858, providing more accurate information to bondholders and market participants.

The most recent analyst rating on (SG:A31) stock is a Hold with a S$0.09 price target. To see the full list of analyst forecasts on Addvalue Technologies Ltd stock, see the SG:A31 Stock Forecast page.

Addvalue Technologies to Fully Redeem Remaining Convertible Bonds

Addvalue Technologies has announced to holders of its outstanding S$191,858 redeemable convertible bonds that it will proceed with a full redemption of the remaining principal amount together with accrued interest, in line with the terms of the bond issue. The conversion period for these listed convertible bonds is coming to an end, signalling the closure of this specific financing instrument and simplifying the company’s capital structure for existing stakeholders.

The move follows a series of earlier corporate announcements related to the 2022 rights issue and subsequent listing of the bonds on the Singapore Exchange. By redeeming the residual outstanding amount, the company effectively retires this debt-like security, which may marginally reduce financing obligations and remove potential future equity dilution arising from bond conversions.

The most recent analyst rating on (SG:A31) stock is a Hold with a S$0.09 price target. To see the full list of analyst forecasts on Addvalue Technologies Ltd stock, see the SG:A31 Stock Forecast page.

Addvalue Completes Partial Redemption of Convertible Bonds After Conversions

Addvalue Technologies has completed a partial redemption of its renounceable, non-underwritten discounted redeemable convertible bonds originally issued in November 2022 and traded on the SGX Mainboard. Following a notice of partial redemption dated 18 December 2025, bondholders holding S$2,510,293 in principal exercised their conversion rights, while the company redeemed S$38,816 in remaining outstanding principal plus accrued interest on 6 February 2026, paying a total of S$41,780.56 on a pro rata basis, thereby slightly reducing its bond liabilities and progressing the gradual clean-up of this financing instrument.

The most recent analyst rating on (SG:A31) stock is a Hold with a S$0.09 price target. To see the full list of analyst forecasts on Addvalue Technologies Ltd stock, see the SG:A31 Stock Forecast page.

SpeQtral, Addvalue Join Forces on Quantum-Secure Satellite Connectivity

SpeQtral and Addvalue have signed a Memorandum of Understanding to explore an integrated quantum key distribution satellite solution that combines SpeQtral’s quantum communications expertise with Addvalue’s always-on IDRS relay connectivity. The collaboration will focus on constellation design, operational concepts, and joint go-to-market strategies to deliver service-oriented, quantum-secure satellite communications capable of real-time tasking and key establishment. By leveraging Addvalue’s low-latency, continuous connectivity and SpeQtral’s space heritage, including its ongoing SpeQtre mission, the partnership aims to accelerate the adoption of quantum-secure technologies in global satellite ecosystems and reinforce Singapore’s role in the emerging quantum-secure networking landscape.

The most recent analyst rating on (SG:A31) stock is a Buy with a S$0.08 price target. To see the full list of analyst forecasts on Addvalue Technologies Ltd stock, see the SG:A31 Stock Forecast page.

Addvalue Wins US$3.5 Million in Space Connectivity Orders, Lifts Order Book to US$26 Million

Addvalue Technologies has secured approximately US$3.5 million in new space connectivity orders for multiple Inter-Satellite Data Relay System terminals from three existing customers and one new client, all of whom will use the technology to support diverse space missions. With these contracts, the Group’s order book has risen to about US$26.0 million, and the company expects to substantially fulfill the latest orders within the next 12 months, providing a material positive impact on its next financial year and reinforcing its growing prominence in the space and satellite communications market.

The most recent analyst rating on (SG:A31) stock is a Buy with a S$0.08 price target. To see the full list of analyst forecasts on Addvalue Technologies Ltd stock, see the SG:A31 Stock Forecast page.

Addvalue Technologies Cuts Convertible Bond Debt Through Major Share Conversion

Addvalue Technologies has significantly reduced its outstanding convertible bond liability after bondholders converted S$2.51 million in principal into 147,664,287 new shares at the stipulated conversion price. Following this conversion, the remaining principal amount of the convertible bonds has fallen from S$2.70 million to S$191,858, while the company’s issued share capital has increased from 3.53 billion to 3.68 billion shares (excluding treasury shares), with the new conversion shares scheduled to begin trading on the SGX Mainboard on or about 27 January 2026, reflecting a shift from debt to equity financing and resulting in shareholder dilution alongside a strengthening of the balance sheet.

The most recent analyst rating on (SG:A31) stock is a Buy with a S$0.08 price target. To see the full list of analyst forecasts on Addvalue Technologies Ltd stock, see the SG:A31 Stock Forecast page.

Addvalue Cuts Outstanding Convertible Bond Debt Through S$754,457 Equity Conversion

Addvalue Technologies has announced a further conversion of its renounceable, non-underwritten discounted and redeemable convertible bonds issued under a rights issue first launched in 2022. On 5 January 2026, bondholders converted S$754,457 in principal amount of these convertible bonds into 44,379,812 new shares at the stipulated conversion price, reducing the outstanding bond principal from S$3,456,608 to S$2,702,151 and increasing the company’s issued share capital from 3,490,192,675 to 3,534,572,487 shares. The newly issued conversion shares are scheduled to begin trading on the SGX Mainboard on or about 15 January 2026, reflecting ongoing deleveraging via equity conversion and a corresponding rise in the company’s free float and equity base.

The most recent analyst rating on (SG:A31) stock is a Hold with a S$0.08 price target. To see the full list of analyst forecasts on Addvalue Technologies Ltd stock, see the SG:A31 Stock Forecast page.

Addvalue Issues Final Reminder on January 2026 Deadline for Bond Conversion

Addvalue Technologies has issued a formal reminder to holders of its outstanding S$3,456,608 redeemable convertible bonds that the conversion period will end at 3:00 p.m. Singapore time on 15 January 2026. Bondholders who wish to exercise their conversion rights must submit a duly completed and signed conversion notice at the specified office of the conversion agent during business hours before the deadline, signalling the approaching closure of this capital-raising instrument and potentially affecting the company’s capital structure depending on the level of bond-to-equity conversion.

The most recent analyst rating on (SG:A31) stock is a Hold with a S$0.08 price target. To see the full list of analyst forecasts on Addvalue Technologies Ltd stock, see the SG:A31 Stock Forecast page.

Addvalue to Partially Redeem S$700,000 of Outstanding Convertible Bonds

Addvalue Technologies has notified holders of its outstanding S$3.46 million redeemable convertible bonds, originally issued in November 2022 via a rights issue and listed on the SGX Mainboard, that it will proceed with a partial redemption. The company plans to redeem up to S$700,000 of the outstanding principal amount, together with accrued interest, on 6 February 2026 in accordance with the bond terms, signalling an incremental move to manage and reduce its convertible debt obligations, which may affect its capital structure and potential future equity dilution for existing shareholders.

The most recent analyst rating on (SG:A31) stock is a Hold with a S$0.05 price target. To see the full list of analyst forecasts on Addvalue Technologies Ltd stock, see the SG:A31 Stock Forecast page.

Addvalue Technologies Secures $4.8 Million Order in Defense Sector

Addvalue Technologies Ltd has secured new orders worth US$4.8 million for its Advanced Digital Radio-related business, specifically supplying proprietary SDR modules to a customer in the defense sector. This order boosts the company’s order book to US$22.6 million and is expected to significantly impact the financial year ending March 2027, highlighting the company’s growth prospects in the digital radio solutions market.

The most recent analyst rating on (SG:A31) stock is a Hold with a S$0.05 price target. To see the full list of analyst forecasts on Addvalue Technologies Ltd stock, see the SG:A31 Stock Forecast page.

Addvalue Technologies Achieves Milestone with FTSE ST All-Share Index Inclusion

Addvalue Technologies Ltd has been included in the FTSE ST All-share Index, marking a significant milestone that highlights the company’s improved market performance and growing investor confidence. The company’s remarkable growth in trading activity and share price, alongside its strategic focus on innovation in satellite communications, positions it for sustained success and affirms its status as a leading player in Singapore’s technology sector.

The most recent analyst rating on (SG:A31) stock is a Hold with a S$0.05 price target. To see the full list of analyst forecasts on Addvalue Technologies Ltd stock, see the SG:A31 Stock Forecast page.