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Baker Technology Limited
(SGX:BTP)
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Rating:46Neutral
Price Target:
S$0.44
▼(-18.33% Downside)
Action:Reiterated
Date: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 / strong balance sheet
Sustained low leverage and a large equity base provide a durable financial buffer versus peers, reducing refinancing and solvency risk. This structural strength supports capital allocation flexibility and gives management time to restore profitability without urgent debt-driven constraints.
Negative Factors
Sharp 2025 profitability collapse
A dramatic swing to deep losses in one year signals material deterioration in demand, pricing, or execution. Such a severe margin collapse undermines earnings durability, can erode customer or supplier relationships, and raises the hurdle for management to restore sustainable profitability over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Sustained low leverage and a large equity base provide a durable financial buffer versus peers, reducing refinancing and solvency risk. This structural strength supports capital allocation flexibility and gives management time to restore profitability without urgent debt-driven constraints.
Read all positive factors
Baker Technology Limited (BTP) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$91.30M
Dividend Yield4%
Average Volume (3M)22.90K
Price to Earnings (P/E)―
Beta (1Y)0.59
Revenue Growth-47.36%
EPS Growth-240.40%
CountrySG
Employees218
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)-0.13
Shares Outstanding202,877,940
10 Day Avg. Volume20,710
30 Day Avg. Volume22,903
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.50
Price to Sales (P/S)2.12
P/FCF Ratio-8.65
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
Baker Technology Limited Business Overview & Revenue Model
Company Description
Baker Technology Limited, a Singapore-based investment holding company founded in 1981, provides specialized marine offshore equipment and a comprehensive suite of services to the global oil and gas, offshore marine, and renewable energy industrie...
How the Company Makes Money
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Baker Technology Limited Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
72
Positive
Cash Flow
35
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 48.44M | 92.02M | 91.42M | 98.50M | 69.50M |
| Gross Profit | 2.53M | 35.79M | 28.04M | 31.81M | 18.18M |
| EBITDA | -3.99M | 35.04M | 17.83M | 25.65M | 17.94M |
| Net Income | -25.52M | 18.17M | 8.29M | 13.40M | 5.89M |
Balance Sheet | |||||
| Total Assets | 262.41M | 293.18M | 279.45M | 271.74M | 266.25M |
| Cash, Cash Equivalents and Short-Term Investments | 96.20M | 114.58M | 90.25M | 73.20M | 59.76M |
| Total Debt | 20.16M | 14.19M | 16.18M | 11.28M | 15.08M |
| Total Liabilities | 27.83M | 32.14M | 36.86M | 29.74M | 33.80M |
| Stockholders Equity | 203.73M | 235.33M | 218.61M | 212.86M | 201.09M |
Cash Flow | |||||
| Free Cash Flow | -11.84M | 33.47M | 26.13M | 18.05M | 9.38M |
| Operating Cash Flow | -3.29M | 39.43M | 29.59M | 19.20M | 11.67M |
| Investing Cash Flow | 19.80M | -10.26M | -8.38M | -1.77M | 5.15M |
| Financing Cash Flow | -6.61M | -5.08M | -4.26M | -4.81M | -2.48M |
Baker Technology Limited Technical Analysis
Negative
0.54
Price Trends
0.49
Negative
0.49
Negative
0.50
Negative
Market Momentum
-0.01
Positive
36.96
Neutral
42.42
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 0.48, above the 50-day MA of 0.49, and above the 200-day MA of 0.50, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 36.96 is Neutral, neither overbought nor oversold. The STOCH value of 42.42 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
59 Neutral | S$90.24M | 9.98 | 6.68% | ― | -18.98% | -75.38% | |
56 Neutral | S$198.53M | 16.42 | 5.70% | ― | -19.38% | 24.53% | |
48 Neutral | S$52.95M | -6.00 | -19.12% | 2.50% | -1.42% | -3225.00% | |
46 Neutral | S$91.30M | -3.59 | -5.60% | 4.00% | -47.36% | -240.40% |
* Energy Sector Average
SG:BTP
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Baker Technology Limited Corporate Events
Baker Technology to Consolidate Singapore Operations at Enhanced Pioneer Shipyard
Jun 18, 2026
Baker Technology plans to consolidate its operations at its long-lease shipyard at 6 Pioneer Sector 1 in Singapore, following the return of its Jalan Samulun premises to JTC and the expiry of those leases in 2026. To support this move, the company...
Baker Technology Wins Strong Shareholder Backing at 2026 AGM
May 22, 2026
Shareholders of Baker Technology Limited overwhelmingly approved all resolutions at the company’s annual general meeting held on 28 April 2026, including the adoption of the 2025 audited financial statements and a tax-exempt final dividend o...
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.