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Baker Technology Limited (SG:BTP)
SGX:BTP
Singapore Market

Baker Technology Limited (BTP) AI Stock Analysis

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Baker Technology Limited

(SGX:BTP)

Rating:75Outperform
Price Target:
S$0.50
▼(-9.09%Downside)
Baker Technology Limited's overall stock score reflects strong financial performance and attractive valuation, which are offset by mixed technical indicators. The company's robust profitability, low leverage, and undervalued stock position it well for potential growth, although technical analysis suggests cautious market sentiment.

Baker Technology Limited (BTP) vs. iShares MSCI Singapore ETF (EWS)

Baker Technology Limited Business Overview & Revenue Model

Company DescriptionBaker Technology Limited, an investment holding company, manufactures and provides specialized marine offshore equipment and services for the oil and gas industry in Singapore, China, rest of the Asia Pacific, Africa, the Middle East, the Americas, and Europe. It engages in the design, construction, operation, and chartering of mobile offshore units and offshore supply vessels. The company also designs and constructs various critical equipment and components, such as offshore pedestal cranes, anchor winches, elevating systems, skidding and jacking systems, raw water tower structures and winches, wind turbine installation equipment, and mechanical handling equipment for the offshore marine and renewables industry. In addition, it provides offshore marine logistics support, engineering, and steel products and components fabrication services; and other services, such as ship and project management, quality assurance and construction supervision, and maintenance and repair services. The company was formerly known as Wassall Asia Pacific Limited and changed its name to Baker Technology Limited in July 2000. Baker Technology Limited was incorporated in 1981 and is based in Singapore.
How the Company Makes MoneyBaker Technology Limited makes money through the sale and leasing of its specialized equipment to companies in the oil and gas industry. The company generates revenue from manufacturing and selling high-performance rigs and drilling equipment, which are essential for offshore exploration and production activities. Additionally, BTP offers maintenance and support services that provide ongoing revenue streams. The company benefits from strategic partnerships and contracts with major oil and gas companies, which ensure a steady demand for its products and services.

Baker Technology Limited Financial Statement Overview

Summary
Baker Technology Limited has displayed strong financial performance with robust profitability, efficient operations, and low financial risk. The income statement, balance sheet, and cash flow analysis all indicate stability and a strong capacity for future growth.
Income Statement
85
Very Positive
Baker Technology Limited demonstrated a robust performance in 2024, with a significant increase in net income and EBIT. The company achieved a net profit margin of 19.73% and a gross profit margin of 38.89%, showing strong profitability. Revenue growth from 2023 was modest at 0.66%, indicating stability in revenue generation. The EBIT and EBITDA margins were healthy at 14.42% and 28.62%, respectively, showcasing efficient operations and cost management.
Balance Sheet
80
Positive
The company maintained a strong balance sheet with a debt-to-equity ratio of 0.06, indicating low leverage and financial risk. The return on equity was impressive at 7.72%, reflecting effective utilization of shareholder funds. The equity ratio stood at 80.28%, highlighting solid capital structure and financial stability.
Cash Flow
78
Positive
Cash flow analysis shows a positive trend in free cash flow with a growth rate of 28.08% from 2023 to 2024. The operating cash flow to net income ratio was 2.17, indicating strong cash-generating ability relative to net earnings. Free cash flow to net income ratio was 1.84, suggesting efficient cash management and investment capacity.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue92.02M91.42M98.50M69.50M63.16M
Gross Profit35.79M28.04M31.81M18.18M8.83M
EBITDA35.04M17.83M25.65M21.85M-7.59M
Net Income18.17M8.29M13.40M5.89M-13.80M
Balance Sheet
Total Assets293.18M279.45M271.74M266.25M263.50M
Cash, Cash Equivalents and Short-Term Investments114.58M90.25M73.20M59.76M44.32M
Total Debt14.19M16.18M11.28M15.08M17.56M
Total Liabilities32.14M36.86M29.74M33.80M35.81M
Stockholders Equity235.33M218.61M212.86M201.09M194.05M
Cash Flow
Free Cash Flow33.47M26.13M18.05M9.38M-4.05M
Operating Cash Flow39.43M29.59M19.20M11.67M2.61M
Investing Cash Flow-10.26M-8.38M-1.77M5.15M-2.95M
Financing Cash Flow-5.08M-4.26M-4.81M-2.48M478.00K

Baker Technology Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.55
Price Trends
50DMA
0.55
Negative
100DMA
0.56
Negative
200DMA
0.58
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
46.17
Neutral
STOCH
36.67
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 0.55 is below the 20-day moving average (MA) of 0.55, below the 50-day MA of 0.55, and below the 200-day MA of 0.58, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.17 is Neutral, neither overbought nor oversold. The STOCH value of 36.67 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

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
SGBTP
75
Outperform
S$111.58M6.148.01%4.68%0.66%117.48%
68
Neutral
$15.14B9.916.38%5.21%4.16%-67.19%
SG5G2
59
Neutral
S$58.59M207.500.51%2.56%20.29%-81.82%
SGC9Q
S$149.76M3.969.59%3.21%
SGDU4
S$158.29M21.323.23%
SGM05
S$65.21M13.495.27%3.45%
SGT13
S$144.61M7.5426.87%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:BTP
Baker Technology Limited
0.54
-0.05
-8.47%
SG:5G2
Kim Heng Ltd
0.08
>-0.01
-11.11%
SG:C9Q
Sinostar PEC Holdings Limited
0.15
0.02
15.38%
SG:DU4
Mermaid Maritime Public Co., Ltd.
0.11
-0.11
-50.00%
SG:M05
MTQ Corporation Limited
0.28
>-0.01
-3.45%
SG:T13
RH Petrogas Limited
0.17
0.03
21.43%

Baker Technology Limited Corporate Events

Baker Technology Limited Holds Annual General Meeting
May 22, 2025

Baker Technology Limited held its Annual General Meeting on April 28, 2025, at the Republic of Singapore Yacht Club. The meeting, chaired by Mr. Lim Jun Xiong Steven, proceeded with the formal business after confirming a quorum, with resolutions voted on by proxy in compliance with SGX Listing Rules.

Baker Technology Engages Shareholders with AGM Q&A Release
Apr 23, 2025

Baker Technology Limited’s Board of Directors has addressed substantial and relevant questions submitted by shareholders ahead of the Annual General Meeting scheduled for April 28, 2025. The company has published responses to these questions, which were grouped for clarity, indicating a commitment to transparency and shareholder engagement.

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.Date of analysis: Jun 26, 2025