Frencken Group Limited (E28) AI Stock Analysis

• Market Cap: S$1.02B
• Dividend Yield: 1.88%
• Average Volume (3M): 4.69M
• Price to Earnings (P/E): 15.1
• Beta (1Y): 1.32
• Revenue Growth: 11.57%
• EPS Growth: 0.89%
• Country: SG
• Employees: 3,600
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.04
• Shares Outstanding: 427,887,420
• 10 Day Avg. Volume: 4,936,130
• 30 Day Avg. Volume: 4,692,093
• PEG Ratio: 2.79
• Price to Book (P/B): 1.24
• Price to Sales (P/S): 0.68
• P/FCF Ratio: 6.78
• 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: S$2.54
• Price Target Upside: 6.72% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 0.1
• Revenue Forecast (FY): S$909.84M

• Rating: 74 Outperform
• Price Target: S$2.50 ▲(5.04% Upside)
• Action: Reiterated Date: 03/26/26
• Date: Action: Reiterated 03/26/26

The score is driven primarily by solid financial performance (re-accelerating revenue, conservative leverage, and strong 2025 cash flow), supported by positive technical momentum. The main offsets are margin compression versus earlier years and only moderate valuation support (P/E ~15 and ~1.2% yield).

Positive Factors

Improved cash generation

A material improvement in operating and free cash flow in 2025 means the company can fund operations, capital expenditure and support customer program ramps internally. Strong FCF coverage of net profit enhances financial resilience and capacity to invest in longer-term contracts and tooling.

Negative Factors

Margin compression

Material compression from earlier net-margin peaks implies weaker pricing power or higher cost base. Persistently thinner margins reduce operating leverage, limit cash generation upside from revenue growth, and leave less buffer against input cost or demand shocks over the medium term.

Frencken Group Limited Business Overview & Revenue Model

Company Description

Frencken Group Limited, an investment holding company, provides original design, original equipment, and diversified integrated manufacturing solutions worldwide. It operates in two segments, Mechatronics and Integrated Manufacturing Services (IMS...

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Frencken Group Limited, an investment holding company, provides original design, original equipment, and diversified integrated manufacturing solutions worldwide. It operates in two segments, Mechatronics and Integrated Manufacturing Services (IMS...

How the Company Makes Money

Frencken makes money primarily by providing contract manufacturing and related engineering services to original equipment manufacturers (OEMs). Its core revenue model is business-to-business: customers outsource the design, industrialization, and/...

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Frencken makes money primarily by providing contract manufacturing and related engineering services to original equipment manufacturers (OEMs). Its core revenue model is business-to-business: customers outsource the design, industrialization, and/...

Frencken Group Limited Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	852.99M	865.12M	794.33M	742.86M	786.11M	767.07M
Gross Profit	120.95M	123.35M	115.34M	98.00M	118.98M	128.91M
EBITDA	67.66M	79.68M	83.44M	77.66M	95.32M	96.19M
Net Income	38.92M	39.12M	37.12M	32.48M	51.87M	58.73M
Balance Sheet
Total Assets	722.38M	740.24M	735.14M	735.29M	725.21M	688.14M
Cash, Cash Equivalents and Short-Term Investments	148.49M	161.88M	159.20M	142.63M	166.99M	192.60M
Total Debt	130.40M	90.02M	133.55M	142.03M	150.45M	119.44M
Total Liabilities	275.07M	261.38M	297.64M	330.01M	328.79M	309.12M
Stockholders Equity	443.83M	475.29M	433.96M	401.25M	391.89M	376.16M
Cash Flow
Free Cash Flow	47.65M	86.92M	34.95M	22.08M	-4.77M	22.87M
Operating Cash Flow	61.50M	104.82M	48.05M	48.96M	37.83M	40.37M
Investing Cash Flow	-11.84M	-17.83M	-11.12M	-27.30M	-44.48M	-28.84M
Financing Cash Flow	-18.92M	-42.60M	-15.57M	-35.85M	-30.43M	-9.21M

Frencken Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.38
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:E28, the sentiment is Positive. The current price of 2.38 is above the 20-day moving average (MA) of 2.10, above the 50-day MA of 1.97, and above the 200-day MA of 1.59, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 68.80 is Neutral, neither overbought nor oversold. The STOCH value of 91.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:E28.

Frencken Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
E28	74 Outperform	S$1.02B	15.07	9.11%	1.88%	11.57%	0.89%
8AZ	71 Outperform	S$671.46M	―	16.42%	17.05%	-50.75%	-61.46%
AWX	63 Neutral	S$1.52B	31.84	3.48%	―	4.60%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
MZH	60 Neutral	S$505.09M	32.46	3.50%	1.12%	22.66%	83.49%
544	58 Neutral	S$907.80M	18.74	12.87%	2.41%	8.52%	-6.22%