Ellipsiz Ltd (BIX) AI Stock Analysis

• Market Cap: S$39.17M
• Dividend Yield: 26.09%
• Average Volume (3M): 23.17K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: 4.89%
• EPS Growth: N/A
• Country: SG
• Employees: 104
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): <0.01
• Shares Outstanding: 167,128,190
• 10 Day Avg. Volume: 22,240
• 30 Day Avg. Volume: 23,173
• PEG Ratio: -0.06
• Price to Book (P/B): 0.41
• Price to Sales (P/S): 0.67
• P/FCF Ratio: -11.15
• 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: 54 Neutral
• Price Target: S$0.22 ▼(-2.61% Downside)
• Action: Reiterated Date: 12/02/25
• Date: Action: Reiterated 12/02/25

Ellipsiz Ltd's overall stock score is primarily influenced by its mixed financial performance and bearish technical indicators. While the company benefits from strong production efficiency and a high dividend yield, concerns about declining revenue, low profitability, cash flow challenges, and bearish market momentum weigh heavily on the stock's outlook.

Positive Factors

Low leverage

A debt-to-equity of 0.03 shows the company carries minimal financial leverage, reducing bankruptcy and refinancing risk. This balance sheet strength provides durable flexibility to fund capex, R&D or absorb shocks over the next several quarters without stressing liquidity.

Production efficiency

A ~21% gross margin points to efficient manufacturing and cost control in semiconductor production. Persistent production efficiency supports margin resilience versus peers, enabling the business to sustain operations and competitive pricing over a multi-month horizon.

Revenue growth metric

An 11.2% revenue growth metric suggests underlying top-line expansion potential or recovery in underlying demand. Durable revenue growth, if sustained, supports operational scale, better fixed-cost absorption, and the ability to invest in product or market expansion over the next several months.

Negative Factors

Weak cash generation

Negative free cash flow growth and poor conversion of net income into operating cash constrain internal funding for capex, dividends and strategic initiatives. Over a 2-6 month horizon this limits the firm's ability to self-fund growth and increases reliance on external financing.

Recent large revenue decline

A near-30% year-over-year revenue drop signals material demand loss, product cycle weakness, or customer attrition. Such a sharp decline can erode scale economics, pressure margins and require structural changes to product or go-to-market strategy to restore durable growth.

Low returns on equity

ROE of ~3.85% indicates the business generates low returns on invested equity, pointing to limited profitability or capital efficiency. Without operational improvements or higher-margin revenue, this constrains long-term shareholder value creation over the coming months.

Ellipsiz Ltd Business Overview & Revenue Model

Company Description

Ellipsiz Ltd, an investment holding company, distributes various manufacturing, testing, and inspection/measurement equipment to the semiconductor, electronics manufacturing, and telecommunication industries. The company operates through Distribution and Services Solutions; Automated Precision System Solutions; and Property Investment and Development segments. The Distribution and Services Solutions segment provides solutions for in-circuit and functional testing; distributes and trades in scientific instruments and electronic equipment; offers related technical and support services; and trades in consumable products. The Automated Precision System Solutions segment offers customized systems and solutions for test automation; high precision automated assembly process for fiber and lens; and automated wafer level testing services. The Property Investment and Development segment invests in and develops properties. In addition, the company engages in sales and service support for semiconductor assembly, and electronics manufacturing testing products; provision of commission agent services; provision of engineering services; and provision and distribution of fresh eggs. It serves semiconductor, electronic manufacturing, aerospace, oil and gas industries, hospitals, pharmaceutical, and food processing industries. The company operates in Singapore, Malaysia, China, Taiwan, Indonesia, and internationally. Ellipsiz Ltd was formerly known as SingaTrust Ltd. The company was founded in 1992 and is headquartered in Singapore. Ellipsiz Ltd is a subsidiary of Bevrian Pte Ltd.

How the Company Makes Money

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Ellipsiz Ltd Financial Statement Overview

Summary

Ellipsiz Ltd shows strong production efficiency and a stable balance sheet with low leverage. However, declining revenue, low profitability margins, and cash flow challenges are significant concerns. Improvements in profitability and cash flow management are essential for future growth.

Income Statement

Ellipsiz Ltd shows a mixed performance in its income statement. The company has a decent gross profit margin of around 21%, indicating efficient production processes. However, the net profit margin is relatively low at 6.29%, and the company experienced a significant revenue decline of 29.9% in the latest year. The EBIT and EBITDA margins are also modest, suggesting limited operational profitability. Overall, while there are strengths in production efficiency, the declining revenue and low profitability margins are concerns.

Balance Sheet

The balance sheet of Ellipsiz Ltd is strong, with a low debt-to-equity ratio of 0.03, indicating minimal leverage and financial risk. The company maintains a healthy equity ratio, reflecting a stable financial structure. However, the return on equity is modest at 3.85%, suggesting limited returns on shareholder investments. The company's financial stability is a positive aspect, but the low ROE indicates room for improvement in generating shareholder value.

Cash Flow

Ellipsiz Ltd faces challenges in its cash flow statement. The free cash flow growth rate is negative, indicating cash flow issues. The operating cash flow to net income ratio is low, suggesting that earnings are not effectively translating into cash flow. Additionally, the free cash flow to net income ratio is negative, highlighting cash flow difficulties. The company's cash flow management needs improvement to ensure sustainable operations.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	57.76M	55.06M	59.14M	55.59M	54.51M
Gross Profit	12.24M	11.56M	11.67M	12.15M	12.15M
EBITDA	3.45M	-3.36M	2.61M	5.06M	5.63M
Net Income	3.63M	-3.84M	2.05M	2.75M	3.05M
Balance Sheet
Total Assets	131.24M	125.97M	140.52M	143.89M	137.77M
Cash, Cash Equivalents and Short-Term Investments	52.21M	54.87M	55.19M	61.68M	64.40M
Total Debt	2.78M	922.00K	932.00K	1.00M	908.00K
Total Liabilities	29.56M	16.23M	20.79M	22.23M	17.01M
Stockholders Equity	94.36M	99.30M	107.17M	113.64M	113.72M
Cash Flow
Free Cash Flow	-3.50M	-69.00K	-518.00K	3.83M	-662.00K
Operating Cash Flow	1.66M	151.00K	371.00K	4.38M	56.00K
Investing Cash Flow	-1.87M	2.02M	-9.46M	-3.45M	-8.86M
Financing Cash Flow	-2.55M	-2.42M	3.02M	-3.61M	-1.98M

Ellipsiz Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.23
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BIX, the sentiment is Negative. The current price of 0.23 is below the 20-day moving average (MA) of 0.24, below the 50-day MA of 0.25, and below the 200-day MA of 0.25, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.03 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:BIX.

Ellipsiz Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5DD	75 Outperform	S$268.33M	15.23	26.24%	3.73%	12.70%	48.43%
558	67 Neutral	$1.39B	24.36	9.75%	3.88%	1.24%	-10.12%
AWX	63 Neutral	S$1.29B	31.84	3.48%	―	4.60%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
BIX	54 Neutral	S$39.17M	―	2.00%	26.09%	4.89%	―