Multi-Chem Limited (SG:AWZ)
SGX:AWZ
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Multi-Chem Limited
(SGX:AWZ)
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Rating:82Outperform
Price Target:
S$4.00
▲(16.28% Upside)
Action:ReiteratedDate:02/26/26
The score is supported primarily by strong financial resilience (low leverage and solid cash generation). Technicals also indicate a steady uptrend with positive momentum, while valuation is attractive due to a moderate P/E and high dividend yield. The key risk tempering the score is the recent softening in growth and earnings versus the 2023 peak.
Positive Factors
Conservative Balance Sheet
Very low leverage provides durable financial flexibility: it reduces refinancing risk, supports capacity for capital allocation (dividends, buybacks, M&A or capex), and increases resilience in economic downturns, a structural strength for the next 2–6 months.
Negative Factors
Softening Earnings Momentum
A peak followed by multi-year earnings softening indicates structural pressures on profitability or demand that could persist. Weaker earnings limit reinvestment and shareholder returns and may signal deteriorating operating leverage or competitive headwinds over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage provides durable financial flexibility: it reduces refinancing risk, supports capacity for capital allocation (dividends, buybacks, M&A or capex), and increases resilience in economic downturns, a structural strength for the next 2–6 months.
Read all positive factors
Multi-Chem Limited (AWZ) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$320.74M
Dividend Yield7.53%
Average Volume (3M)11.70K
Price to Earnings (P/E)6.3
Beta (1Y)0.53
Revenue GrowthN/A
EPS GrowthN/A
CountrySG
Employees582
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.14
Shares Outstanding90,095,290
10 Day Avg. Volume12,740
30 Day Avg. Volume11,696
Financial Highlights & Ratios
PEG Ratio-3.48
Price to Book (P/B)2.01
Price to Sales (P/S)0.47
P/FCF Ratio7.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Multi-Chem Limited Business Overview & Revenue Model
Company Description
Multi-Chem Limited, an investment holding company, distributes information technology products in Singapore, Greater China, Australia, India, and internationally. It operates through two segments, Printed Circuit Board (PCB) Business and IT Busine...
How the Company Makes Money
Multi-Chem Limited generates revenue through the sale of its specialty chemical products and services. The primary revenue streams include the direct sale of chemical formulations to industrial clients, recurring revenue from long-term contracts i...
Multi-Chem Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
82
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 653.92M | 658.42M | 683.68M | 616.98M | 603.64M |
| Gross Profit | 88.81M | 94.79M | 97.48M | 87.01M | 85.51M |
| EBITDA | 29.64M | 39.25M | 42.64M | 24.22M | 32.60M |
| Net Income | 26.44M | 27.12M | 30.82M | 20.00M | 24.96M |
Balance Sheet | |||||
| Total Assets | 390.34M | 402.43M | 381.61M | 329.30M | 298.44M |
| Cash, Cash Equivalents and Short-Term Investments | 99.49M | 83.82M | 73.54M | 69.54M | 74.41M |
| Total Debt | 1.44M | 2.19M | 2.69M | 3.42M | 5.01M |
| Total Liabilities | 238.09M | 248.22M | 237.40M | 192.21M | 168.25M |
| Stockholders Equity | 152.25M | 155.25M | 145.25M | 137.10M | 130.20M |
Cash Flow | |||||
| Free Cash Flow | 43.09M | 36.12M | 24.84M | 10.97M | 25.78M |
| Operating Cash Flow | 43.69M | 36.64M | 25.19M | 12.12M | 26.95M |
| Investing Cash Flow | -521.00K | 128.00K | -304.00K | -939.00K | -896.00K |
| Financing Cash Flow | -23.58M | -27.29M | -20.35M | -14.50M | -20.15M |
Multi-Chem Limited Technical Analysis
Positive
3.44
Price Trends
3.45
Positive
3.41
Positive
3.36
Positive
Market Momentum
0.03
Negative
68.01
Neutral
83.94
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:AWZ, the sentiment is Positive. The current price of 3.44 is below the 20-day moving average (MA) of 3.48, below the 50-day MA of 3.45, and above the 200-day MA of 3.36, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 68.01 is Neutral, neither overbought nor oversold. The STOCH value of 83.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:AWZ.
Multi-Chem Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | S$320.74M | 6.26 | ― | 7.53% | ― | ― | |
80 Outperform | S$355.92M | 15.23 | 26.24% | 3.73% | 12.70% | 48.43% | |
74 Outperform | S$924.24M | 15.07 | 9.11% | 1.88% | 11.57% | 0.89% | |
71 Outperform | S$632.87M | ― | 16.42% | 17.05% | -50.75% | -61.46% | |
63 Neutral | S$1.34B | 31.84 | 3.48% | ― | 4.60% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
SG:AWZ
Multi-Chem Limited
3.56
0.88
32.64%
SG:5DD
Micro-Mechanics (Holdings)
2.56
1.10
75.82%
SG:8AZ
Aztech Global Ltd.
0.82
0.24
41.38%
SG:AWX
AEM Holdings Ltd.
4.25
3.19
300.94%
SG:E28
Frencken Group Limited
2.16
1.29
148.28%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.