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BRC Asia Limited
(SGX:BEC)
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Rating:68Neutral
Price Target:
S$5.00
â–²(7.07% Upside)
Action:Downgraded
Date:12/11/25
BRC Asia Limited's strong financial performance, characterized by consistent revenue growth and robust cash flow generation, is the primary driver of its stock score. The valuation is reasonable, supported by a solid dividend yield. However, technical indicators suggest a lack of upward momentum, which tempers the overall score.
Positive Factors
Strong cash generation
Substantial free cash flow growth and very high conversion ratios indicate durable internal funding capacity. This supports sustained dividends, targeted capex for fabrication capacity, and debt reduction, reducing reliance on external finance and improving resilience across construction cycles.
Negative Factors
Margin compression risk
A declining net margin, even from healthy operating margins, signals pressure on bottom-line profitability. Persistent margin erosion reduces retained cash for reinvestment and dividends and makes the business more sensitive to cost swings or weaker pricing power over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Substantial free cash flow growth and very high conversion ratios indicate durable internal funding capacity. This supports sustained dividends, targeted capex for fabrication capacity, and debt reduction, reducing reliance on external finance and improving resilience across construction cycles.
Read all positive factors
BRC Asia Limited (BEC) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.19B
Dividend Yield4.77%
Average Volume (3M)89.09K
Price to Earnings (P/E)12.0
Beta (1Y)0.75
Revenue Growth22.92%
EPS Growth7.37%
CountrySG
Employees762
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.28
Shares Outstanding275,976,680
10 Day Avg. Volume98,260
30 Day Avg. Volume89,093
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)2.28
Price to Sales (P/S)0.75
P/FCF Ratio10.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$5.33Price Target Upside14.20% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.39
Revenue Forecast (FY)S$1.85B
BRC Asia Limited Business Overview & Revenue Model
Company Description
BRC Asia Limited, together with its subsidiaries, engages in the prefabrication of steel reinforcement for use in concrete in Singapore, Australia, Brunei, Hong Kong, Indonesia, Malaysia, Thailand, India, and internationally. It operates through t...
How the Company Makes Money
BRC Asia makes money primarily by selling steel reinforcement products and related reinforcement solutions to customers in the construction and infrastructure markets. Its main revenue stream is the sale of steel rebar and reinforcement products (...
BRC Asia Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.35B | 1.55B | 1.48B | 1.63B | 1.70B | 1.17B |
| Gross Profit | 139.44M | 159.70M | 153.80M | 139.05M | 153.72M | 82.13M |
| EBITDA | 107.89M | 138.90M | 141.65M | 122.51M | 129.56M | 79.03M |
| Net Income | 78.12M | 94.30M | 93.54M | 75.75M | 90.22M | 47.03M |
Balance Sheet | ||||||
| Total Assets | 952.66M | 936.91M | 904.02M | 952.36M | 973.11M | 884.72M |
| Cash, Cash Equivalents and Short-Term Investments | 197.82M | 203.12M | 191.37M | 184.62M | 154.57M | 82.97M |
| Total Debt | 161.06M | 215.35M | 245.73M | 380.68M | 457.98M | 435.77M |
| Total Liabilities | 402.84M | 407.54M | 428.73M | 525.05M | 574.32M | 583.77M |
| Stockholders Equity | 530.23M | 514.68M | 475.28M | 427.31M | 398.79M | 300.95M |
Cash Flow | ||||||
| Free Cash Flow | 141.57M | 116.43M | 188.66M | 156.26M | 46.05M | -128.10M |
| Operating Cash Flow | 151.19M | 123.24M | 192.97M | 159.53M | 48.96M | -126.16M |
| Investing Cash Flow | -9.80M | -18.11M | 2.82M | 2.66M | -1.38M | -1.13M |
| Financing Cash Flow | -116.48M | -93.39M | -183.03M | -127.02M | 22.82M | 135.86M |
BRC Asia Limited Technical Analysis
Negative
4.67
Price Trends
4.52
Negative
4.46
Negative
4.25
Positive
Market Momentum
-0.05
Positive
38.17
Neutral
25.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BEC, the sentiment is Negative. The current price of 4.67 is above the 20-day moving average (MA) of 4.45, above the 50-day MA of 4.52, and above the 200-day MA of 4.25, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 38.17 is Neutral, neither overbought nor oversold. The STOCH value of 25.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:BEC.
BRC Asia Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | S$944.68M | 18.60 | 11.75% | 2.87% | 10.60% | 23.89% | |
68 Neutral | S$1.19B | 12.03 | 8.57% | 4.77% | 22.92% | 7.37% | |
63 Neutral | S$3.26B | 31.47 | 7.94% | 8.08% | 2.86% | 232.61% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
45 Neutral | S$797.20M | -18.22 | -3.75% | 4.94% | 10.39% | -3325.64% |
* Basic Materials Sector Average
SG:BEC
BRC Asia Limited
4.36
1.34
44.37%
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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.