Koda Ltd. (SG:BJZ)
SGX:BJZ
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Koda Ltd.
(SGX:BJZ)
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Rating:53Neutral
Price Target:
S$0.33
▲(16.07% Upside)
Action:ReiteratedDate:03/24/26
The score is driven mainly by improving financial performance in 2025 (return to profitability and positive cash flow) and a manageable balance sheet, but is held back by declining revenue, uneven historical cash generation, and limited/unclear valuation support from the provided P/E and missing dividend yield. Technicals are mildly supportive but not strongly bullish.
Positive Factors
Manageable leverage
Debt at about one-third of equity and a downtrend in leverage support financial flexibility. A sound capital structure reduces refinancing risk, preserves capacity for opportunistic investment or working-capital cycles, and underpins steadier operations over the next 2–6 months.
Negative Factors
Declining revenue base
A shrinking sales base reduces economies of scale and leaves margins and profits more exposed to demand swings. Persistent revenue decline constrains organic growth, limits pricing power, and makes it harder for improved margins or cost cuts to translate into durable earnings gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Debt at about one-third of equity and a downtrend in leverage support financial flexibility. A sound capital structure reduces refinancing risk, preserves capacity for opportunistic investment or working-capital cycles, and underpins steadier operations over the next 2–6 months.
Read all positive factors
Koda Ltd. (BJZ) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$26.58M
Dividend YieldN/A
Average Volume (3M)5.31K
Price to Earnings (P/E)―
Beta (1Y)0.49
Revenue Growth13.64%
EPS GrowthN/A
CountrySG
Employees1,651
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)0.02
Shares Outstanding83,237,854
10 Day Avg. Volume1,930
30 Day Avg. Volume5,306
Financial Highlights & Ratios
PEG Ratio-0.23
Price to Book (P/B)0.31
Price to Sales (P/S)0.27
P/FCF Ratio20.29
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
Koda Ltd. Business Overview & Revenue Model
Company Description
Koda Ltd designs, manufactures, sells, and export wood furniture and fixtures in the Asia-Pacific, North America, Europe, and internationally. It operates in two segments, Manufacturing, and Retail and Distribution. The company offers metal, glass...
Koda Ltd. Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
66
Positive
Cash Flow
52
Neutral
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 52.73M | 45.60M | 43.78M | 79.34M | 111.13M |
| Gross Profit | 16.57M | 12.82M | 11.95M | 24.55M | 36.45M |
| EBITDA | 4.22M | -124.00K | 2.82M | 11.78M | 15.15M |
| Net Income | 547.00K | -4.52M | -2.83M | 5.67M | 12.23M |
Balance Sheet | |||||
| Total Assets | 71.64M | 73.22M | 74.24M | 87.97M | 100.16M |
| Cash, Cash Equivalents and Short-Term Investments | 10.18M | 11.67M | 15.80M | 14.78M | 19.73M |
| Total Debt | 14.92M | 16.10M | 16.09M | 20.06M | 8.78M |
| Total Liabilities | 25.75M | 29.00M | 25.31M | 35.36M | 33.94M |
| Stockholders Equity | 46.09M | 44.44M | 49.08M | 52.87M | 66.30M |
Cash Flow | |||||
| Free Cash Flow | 709.00K | -2.49M | 6.33M | -7.74M | 3.65M |
| Operating Cash Flow | 941.00K | -797.00K | 7.70M | 5.46M | 10.12M |
| Investing Cash Flow | -230.00K | -1.66M | -1.35M | -13.12M | -9.45M |
| Financing Cash Flow | -1.67M | -1.52M | -5.27M | 7.45M | -3.27M |
Koda Ltd. Technical Analysis
Neutral
0.28
Price Trends
0.31
Positive
0.28
Positive
0.25
Positive
Market Momentum
<0.01
Positive
50.19
Neutral
32.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BJZ, the sentiment is Neutral. The current price of 0.28 is below the 20-day moving average (MA) of 0.33, below the 50-day MA of 0.31, and above the 200-day MA of 0.25, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.19 is Neutral, neither overbought nor oversold. The STOCH value of 32.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:BJZ.
Koda Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | S$26.58M | ― | 1.22% | ― | 13.64% | ― | |
48 Neutral | S$17.05M | -36.36 | ― | ― | ― | ― | |
43 Neutral | S$14.68M | -3.50 | ― | ― | -23.26% | 28.07% | |
43 Neutral | S$7.47M | ― | -31.29% | ― | -6.00% | -267.05% |
* Consumer Cyclical Sector Average
SG:BJZ
Koda Ltd.
0.32
0.10
45.45%
SG:9I7
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0.02
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-50.00%
SG:5BI
Polaris Ltd.
―
―
―
SG:5DO
Sakae Holdings Ltd.
0.09
>-0.01
-1.12%
SG:T09
TT International Limited
―
―
―
SG:XCF
KTMG Limited
0.04
-0.05
-50.56%
Koda Ltd. Corporate Events
Koda Moves to Replace Deloitte With Forvis Mazars to Cut Audit Costs
Mar 9, 2026
Koda Ltd plans to replace long-time auditor Deloitte Touche LLP with Forvis Mazars LLP from the financial year ending 30 June 2026 onward, subject to shareholder approval at an upcoming extraordinary general meeting. Deloitte has served as the co...
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.