Acma Ltd. (AYV) AI Stock Analysis

• Market Cap: S$11.70M
• Dividend Yield: N/A
• Average Volume (3M): 1.65K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.20
• Revenue Growth: -23.46%
• EPS Growth: 12.24%
• Country: SG
• Employees: N/A
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): N/A
• Shares Outstanding: 50,869,198
• 10 Day Avg. Volume: 1,070
• 30 Day Avg. Volume: 1,650
• PEG Ratio: -0.02
• Price to Book (P/B): 1.00
• Price to Sales (P/S): 0.20
• P/FCF Ratio: -0.96
• 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: 60 Neutral
• Price Target: S$0.21 ▲(593.33% Upside)
• Action: Reiterated Date: 01/23/26
• Date: Action: Reiterated 01/23/26

The score reflects strong technical momentum and unusually strong free cash flow performance as key positives, offset by ongoing profitability issues (negative margins/ROE) and a negative P/E that highlights earnings weakness.

Positive Factors

Strong free cash flow growth

Very strong FCF growth gives Acma durable internal funding to support operations, fund selective capex, and service obligations without immediate reliance on capital markets. Over 2–6 months this improves flexibility for restructuring or investing in product capabilities.

Manageable leverage

A 0.66 debt/equity ratio indicates modest leverage that preserves financial flexibility. This level reduces near-term insolvency risk and supports the ability to raise or deploy debt for working capital or targeted investments while the company pursues profit recovery.

Stable gross margins

Stable gross margins point to ongoing cost control or resilient pricing on core products. If sustained, this structural margin stability helps the company narrow net losses as volumes recover and provides a foundation for long-term margin expansion once SG&A and scale effects improve.

Negative Factors

Significant revenue contraction

Material revenue decline erodes scale and market presence, constraining pricing power and unit economics. Over the medium term this reduces cash flow predictability and limits resources for R&D and customer retention, making profit recovery more challenging.

Persistent negative profitability

Sustained negative EBIT/net profit and a negative ROE signal structural earnings weakness. Without margin turnaround, the company cannot generate returns for shareholders, will struggle to reinvest internally, and may face pressure on capital structure and strategic options.

Reliance on cash buffer to offset losses

While current cash generation cushions operations, relying on cash buffers masks underlying profitability issues. If operating cash flow weakens or is cyclical, the company could face funding shortfalls, making durable recovery contingent on restoring core earnings.

Acma Ltd. Business Overview & Revenue Model

Company Description

Acma Ltd., an investment holding company, engages in the distribution of air conditioning and ventilation systems in Singapore, Europe, rest of Asia, North America, and internationally. It operates through Communications, Electronics and Equipment Distribution; and Investment segments. The company is involved in the sale, maintenance, and rental of communication equipment, computer equipment, peripherals, and other office and industrial equipment and supplies; distribution of air-conditioner packaged and multi-split units; and supply of microwave tele-communications systems and electronic/computer related products, as well as supplies telecommunications and electronic products. The company was formerly known as China Auto Corporation Ltd. and changed its name to Acma Ltd. in April 2013. Acma Ltd. was incorporated in 1965 and is based in Singapore.

How the Company Makes Money

Acma Ltd. generates revenue through multiple streams, primarily by selling its advanced machinery and automation systems to businesses in various sectors, including manufacturing, logistics, and construction. Additionally, the company offers software solutions that provide ongoing subscription-based services, contributing to a steady income flow. Key revenue streams include direct sales of products, recurring software subscriptions, and maintenance services for installed systems. Acma Ltd. has also established strategic partnerships with leading technology providers, enhancing its product offerings and expanding its market reach, which significantly contributes to its earnings.

Acma Ltd. Financial Statement Overview

Summary

Weak income statement fundamentals (declining revenue and negative net profit/EBIT margins) and negative ROE weigh on the score, but this is partially offset by manageable leverage (debt-to-equity 0.66) and very strong cash flow strength (free cash flow growth 177.54% TTM and healthy operating cash flow vs. net income).

Income Statement

Acma Ltd. has faced declining revenues over the past periods, with a negative revenue growth rate of -2.49% in the TTM. The company is struggling with profitability, as indicated by negative net profit and EBIT margins. However, the gross profit margin remains relatively stable, suggesting some control over production costs.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.66 in the TTM, indicating manageable leverage. However, the return on equity is negative, reflecting ongoing losses. The equity ratio suggests a reasonable level of equity financing, but the company needs to improve profitability to enhance financial stability.

Cash Flow

Acma Ltd. demonstrates strong cash flow performance with significant free cash flow growth of 177.54% in the TTM. The operating cash flow to net income ratio is healthy, indicating efficient cash generation relative to earnings. This strong cash flow position provides a buffer against profitability challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.02M	9.42M	11.03M	14.06M	50.99M	51.29M
Gross Profit	3.32M	3.28M	3.22M	3.98M	21.31M	22.16M
EBITDA	-1.01M	205.00K	1.27M	2.88M	376.00K	-349.00K
Net Income	-883.00K	644.00K	-920.00K	-787.00K	-3.13M	-5.28M
Balance Sheet
Total Assets	7.05M	8.83M	33.00M	44.69M	44.71M	56.47M
Cash, Cash Equivalents and Short-Term Investments	2.15M	1.98M	1.24M	3.09M	3.13M	3.19M
Total Debt	793.00K	1.15M	7.16M	13.57M	13.49M	20.14M
Total Liabilities	5.27M	6.19M	30.33M	40.44M	38.55M	45.10M
Stockholders Equity	1.20M	1.91M	2.08M	5.10M	6.94M	9.93M
Cash Flow
Free Cash Flow	7.15M	-2.00M	4.88M	2.43M	5.50M	2.09M
Operating Cash Flow	7.19M	-1.82M	5.12M	2.85M	5.96M	2.52M
Investing Cash Flow	-3.59M	5.22M	-195.00K	-294.00K	-144.00K	2.13M
Financing Cash Flow	-4.44M	-4.82M	-4.04M	-2.48M	-4.54M	-5.45M

Acma Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 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:AYV, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.17, and below the 200-day MA of 0.06, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 56.28 is Neutral, neither overbought nor oversold. The STOCH value of 35.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:AYV.

Acma Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
AYV	60 Neutral	S$11.70M	-11.06	-44.55%	―	-23.46%	12.24%