Baker Technology Limited (BTP) AI Stock Analysis

• Market Cap: S$100.42M
• Dividend Yield: 4%
• Average Volume (3M): 22.90K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.46
• Revenue Growth: -40.02%
• EPS Growth: -176.13%
• Country: SG
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): -0.03
• Shares Outstanding: 202,877,940
• 10 Day Avg. Volume: 20,710
• 30 Day Avg. Volume: 22,903
• PEG Ratio: 0.02
• Price to Book (P/B): 0.50
• Price to Sales (P/S): 2.12
• P/FCF Ratio: -8.65
• 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: 46 Neutral
• Price Target: S$0.52 ▼(-4.63% Downside)
• Action: Reiterated Date: 03/02/26
• Date: Action: Reiterated 03/02/26

The score is primarily held back by the sharp 2025 deterioration in profitability and the shift to negative operating and free cash flow, despite a still-conservative, low-leverage balance sheet. Technical signals are neutral-to-weak, and while the dividend yield offers some support, the loss-making profile (negative P/E) keeps valuation confidence limited.

Positive Factors

Low-leverage balance sheet

Low debt relative to equity provides durable financial flexibility: the company can absorb cyclical downturns, fund working-capital swings on project payments, and avoid immediate refinancing risk. This conservatism supports survival through multi-quarter industry slumps without forced deleveraging.

Negative Factors

Sharp 2025 profitability deterioration

A sudden swing to deep losses in 2025 signals structural or execution issues: lost pricing power, contract delays, or margin pressure. Such a material profitability collapse erodes retained capital, reduces strategic optionality, and can persist if end-market demand or contract competitiveness remains weak.

Baker Technology Limited Business Overview & Revenue Model

Company Description

Baker Technology Limited (BTP) is a Singapore-based company specializing in the provision of engineering solutions and services to the oil and gas industry. Established to cater to the evolving needs of offshore and marine sectors, BTP offers a ra...

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Baker Technology Limited (BTP) is a Singapore-based company specializing in the provision of engineering solutions and services to the oil and gas industry. Established to cater to the evolving needs of offshore and marine sectors, BTP offers a ra...

How the Company Makes Money

Baker Technology Limited generates revenue primarily through the sale and leasing of its engineering products and services. Key revenue streams include the manufacturing and sale of drilling rigs and offshore support vessels, which are sold to exp...

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Baker Technology Limited generates revenue primarily through the sale and leasing of its engineering products and services. Key revenue streams include the manufacturing and sale of drilling rigs and offshore support vessels, which are sold to exp...

Baker Technology Limited Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	62.63M	48.44M	92.02M	91.42M	98.50M	69.50M
Gross Profit	16.29M	2.53M	35.79M	28.04M	31.81M	18.18M
EBITDA	7.77M	-3.99M	35.04M	17.83M	25.65M	17.94M
Net Income	-12.30M	-25.52M	18.17M	8.29M	13.40M	5.89M
Balance Sheet
Total Assets	269.98M	262.41M	293.18M	279.45M	271.74M	266.25M
Cash, Cash Equivalents and Short-Term Investments	101.95M	96.20M	114.58M	90.25M	73.20M	59.76M
Total Debt	13.23M	12.94M	14.19M	16.18M	11.28M	15.08M
Total Liabilities	28.32M	28.00M	32.14M	36.86M	29.74M	33.80M
Stockholders Equity	210.26M	203.73M	235.33M	218.61M	212.86M	201.09M
Cash Flow
Free Cash Flow	6.17M	-11.84M	33.47M	26.13M	18.05M	9.38M
Operating Cash Flow	12.51M	-3.29M	39.43M	29.59M	19.20M	11.67M
Investing Cash Flow	13.19M	19.80M	-10.26M	-8.38M	-1.77M	5.15M
Financing Cash Flow	-1.31M	-6.61M	-5.08M	-4.26M	-4.81M	-2.48M

Baker Technology Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BTP, the sentiment is Negative. The current price of 0.54 is above the 20-day moving average (MA) of 0.50, above the 50-day MA of 0.52, and above the 200-day MA of 0.53, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.35 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:BTP.

Baker Technology Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
C9Q	55 Neutral	S$96.00M	16.86	6.68%	―	-17.82%	-75.83%
DU4	55 Neutral	S$215.54M	25.17	3.59%	―	2.00%	-28.40%
5G2	48 Neutral	S$67.06M	―	-19.12%	2.50%	18.61%	―
BTP	46 Neutral	S$100.42M	-4.01	-5.60%	4.00%	-40.02%	-176.13%