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Innotek Limited (SG:M14)
:M14
Singapore Market
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Innotek Limited (M14) AI Stock Analysis

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SG:M14

Innotek Limited

(SGX:M14)

Rating:68Neutral
Price Target:
S$0.50
▲(11.11%Upside)
Innotek Limited's overall stock score reflects its solid financial performance and positive technical indicators, despite some operational challenges and overbought technical signals. The valuation is reasonable, with an attractive dividend yield, supporting a balanced investment case.

Innotek Limited (M14) vs. iShares MSCI Singapore ETF (EWS)

Innotek Limited Business Overview & Revenue Model

Company DescriptionInnotek Limited (M14) is a manufacturing company that specializes in precision metal stamping and tooling. The company operates primarily in the automotive, consumer electronics, and office automation sectors. It provides high-quality components and engineering solutions that cater to a wide range of industrial applications.
How the Company Makes MoneyInnotek Limited makes money through the production and sale of precision metal stamped components, tools, and dies to its clients in various industries. The company generates revenue by entering into contracts with automotive manufacturers, consumer electronics companies, and office automation firms, supplying them with customized and high-precision parts essential for their products. Its earnings are bolstered by its focus on high-value, technically demanding sectors, and its ability to maintain long-term relationships with key industry players. Innotek Limited might also benefit from strategic partnerships with other manufacturers and suppliers, enhancing its market reach and operational efficiency.

Innotek Limited Financial Statement Overview

Summary
Innotek Limited exhibits a solid financial position with revenue growth and stable equity metrics. While profitability shows improvement, challenges remain in operational efficiency and cash flow management. The low leverage and strong equity base provide a cushion against economic fluctuations, but operational margins and cash flow efficiency need attention for sustained growth.
Income Statement
70
Positive
Innotek Limited's revenue increased by 15.82% from 2023 to 2024, indicating positive growth. However, the gross profit margin has decreased, reflecting potential cost pressures. The net profit margin improved to 2.43% in 2024 from 2.26% in 2023, showing better profitability. However, the EBIT margin declined, suggesting increased operational costs.
Balance Sheet
75
Positive
The company maintains a strong equity position with a debt-to-equity ratio of approximately 0.11 in 2024, indicating low leverage and financial stability. The equity ratio remained robust at around 66.8%, highlighting a strong equity base relative to assets. This strong equity position suggests resilience in financial downturns.
Cash Flow
65
Positive
Innotek's free cash flow turned positive in 2024, a significant improvement from 2023. Operating cash flow to net income ratio indicates efficient cash management. However, the free cash flow to net income ratio suggests room for enhancing cash generation efficiency relative to profitability.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue238.03M205.56M186.75M173.58M183.19M
Gross Profit36.44M32.96M27.19M33.69M45.01M
EBITDA22.26M15.51M15.59M22.17M31.83M
Net Income5.80M4.66M2.25M11.51M13.87M
Balance Sheet
Total Assets262.79M264.08M258.38M267.04M265.76M
Cash, Cash Equivalents and Short-Term Investments70.10M70.28M77.46M90.70M91.80M
Total Debt18.84M24.20M19.00M23.90M23.37M
Total Liabilities86.61M90.75M81.68M77.20M87.82M
Stockholders Equity175.50M172.34M176.70M189.84M177.94M
Cash Flow
Free Cash Flow7.86M-5.28M-1.41M5.14M24.63M
Operating Cash Flow19.07M7.84M5.58M12.32M30.50M
Investing Cash Flow-9.54M-13.32M-7.11M-6.50M3.05M
Financing Cash Flow-11.02M-1.48M-9.19M-8.78M-5.50M

Innotek Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.45
Price Trends
50DMA
0.39
Positive
100DMA
0.38
Positive
200DMA
0.40
Positive
Market Momentum
MACD
0.02
Negative
RSI
58.38
Neutral
STOCH
59.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:M14, the sentiment is Positive. The current price of 0.45 is above the 20-day moving average (MA) of 0.43, above the 50-day MA of 0.39, and above the 200-day MA of 0.40, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 58.38 is Neutral, neither overbought nor oversold. The STOCH value of 59.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:M14.

Innotek Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
S$101.77M17.533.33%4.60%15.80%24.88%
66
Neutral
$2.68B14.0710.02%3.69%-0.97%33.74%
S$115.76M36.843.99%
S$69.60M43.500.89%39.60%
S$77.38M6.5813.39%2.03%
S$108.00M4.2336.56%0.24%
S$86.11M-0.33%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:M14
Innotek Limited
0.44
-0.05
-10.20%
SG:1J4
JEP Holdings Ltd.
0.28
-0.04
-12.50%
SG:B49
World Precision Machinery Ltd.
0.17
-0.12
-41.38%
SG:ZB9
Union Steel Holdings Limited
0.66
0.03
4.76%
SG:BQF
XMH Holdings Ltd.
0.98
0.56
133.33%
SG:F13
Fu Yu Corporation Limited
0.11
>-0.01
-8.33%

Innotek Limited Corporate Events

Innotek Limited’s 29th AGM Highlights FY2024 Performance
May 22, 2025

Innotek Limited held its 29th Annual General Meeting on April 29, 2025, at Copthorne King’s Hotel in Singapore. During the meeting, the Chairman and CEO presented a summary of the company’s performance for the financial year ending December 31, 2024. The meeting adhered to the Singapore Exchange’s requirements for transparency, with all resolutions being voted on by poll.

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: Jul 28, 2025