BRC Asia Limited (SG:BEC)
SGX:BEC
Top Page
BRC Asia Limited
(SGX:BEC)
Select Model
Select Model
Rating:68Neutral
Price Target:
S$5.00
â–²(9.17% Upside)
Action:DowngradedDate: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
Sustained FCF growth and high conversion of net income to cash provide durable liquidity to fund capex, dividends, and working capital. This cash resilience improves ability to self-fund projects, pay down debt, and withstand industry slowdowns without needing frequent external financing.
Negative Factors
Exposure to steel price volatility
The business model depends on steel raw materials whose prices can move materially. Without full pass-through or hedging, input cost shocks can compress margins and cash flow. Over the medium term, steel volatility is a structural risk that can impair profitability across project cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained FCF growth and high conversion of net income to cash provide durable liquidity to fund capex, dividends, and working capital. This cash resilience improves ability to self-fund projects, pay down debt, and withstand industry slowdowns without needing frequent external financing.
Read all positive factors
BRC Asia Limited (BEC) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.28B
Dividend Yield4.77%
Average Volume (3M)89.09K
Price to Earnings (P/E)12.4
Beta (1Y)0.79
Revenue Growth4.84%
EPS Growth0.79%
CountrySG
Employees726
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.19
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$5.35Price Target Upside16.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.36
Revenue Forecast (FY)S$1.62B
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, China, Brunei, Hong Kong, Malaysia, Indonesia, Thailand, and internationally. It operates through Fabrication ...
How the Company Makes Money
BRC Asia makes money primarily by selling steel reinforcement solutions to customers in the construction and infrastructure value chain (e.g., contractors and project owners). Key revenue streams typically include: (1) sale of fabricated and proce...
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 | 1.44B | 1.55B | 1.48B | 1.63B | 1.70B | 1.17B |
| Gross Profit | 146.54M | 159.70M | 153.80M | 139.05M | 153.72M | 82.13M |
| EBITDA | 112.22M | 138.90M | 141.65M | 122.51M | 129.56M | 79.03M |
| Net Income | 97.09M | 94.30M | 93.54M | 75.75M | 90.22M | 47.03M |
Balance Sheet | ||||||
| Total Assets | 907.69M | 936.91M | 904.02M | 952.36M | 973.11M | 884.72M |
| Cash, Cash Equivalents and Short-Term Investments | 143.81M | 203.12M | 191.37M | 184.62M | 154.57M | 82.97M |
| Total Debt | 259.95M | 215.35M | 245.73M | 380.68M | 457.98M | 435.77M |
| Total Liabilities | 429.09M | 407.54M | 428.73M | 525.05M | 574.32M | 583.77M |
| Stockholders Equity | 478.60M | 514.68M | 475.28M | 427.31M | 398.79M | 300.95M |
Cash Flow | ||||||
| Free Cash Flow | 94.20M | 116.43M | 188.66M | 156.26M | 46.05M | -128.10M |
| Operating Cash Flow | 97.41M | 123.24M | 192.97M | 159.53M | 48.96M | -126.16M |
| Investing Cash Flow | 3.77M | -18.11M | 2.82M | 2.66M | -1.38M | -1.13M |
| Financing Cash Flow | -84.61M | -93.39M | -183.03M | -127.02M | 22.82M | 135.86M |
BRC Asia Limited Technical Analysis
Positive
4.58
Price Trends
4.37
Positive
4.24
Positive
3.99
Positive
Market Momentum
0.05
Negative
57.39
Neutral
82.52
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BEC, the sentiment is Positive. The current price of 4.58 is above the 20-day moving average (MA) of 4.51, above the 50-day MA of 4.37, and above the 200-day MA of 3.99, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 57.39 is Neutral, neither overbought nor oversold. The STOCH value of 82.52 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
Performance Comparison
BRC Asia Limited Corporate Events
BRC Asia Confirms Quorum and Opens 2026 AGM at Raffles Marina
Feb 27, 2026
BRC Asia Limited held its Annual General Meeting on 29 January 2026 at Raffles Marina in Singapore, with Independent Chairman Teo Ser Luck presiding and the full Board, key executives, shareholders, and proxies in attendance. The company confirmed...
BRC Asia Starts FY2026 with Strong Profit and Solid Net Cash Position
Feb 12, 2026
BRC Asia Limited reported first-quarter 2026 revenue of S$444.3 million, generating gross profit of S$46.7 million and profit attributable to owners of S$27.3 million. Total comprehensive income attributable to shareholders reached S$28.8 million,...
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.