Nippecraft Limited (N32) AI Stock Analysis

• Market Cap: S$14.06M
• Dividend Yield: N/A
• Average Volume (3M): 166.15K
• Price to Earnings (P/E): 14.3
• Beta (1Y): 0.55
• Revenue Growth: -8.21%
• EPS Growth: N/A
• Country: SG
• Employees: 47
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Paper, Lumber & Forest Products
• EPS (TTM): N/A
• Shares Outstanding: 351,398,000
• 10 Day Avg. Volume: 72,790
• 30 Day Avg. Volume: 166,150
• PEG Ratio: 0.25
• Price to Book (P/B): 0.34
• Price to Sales (P/S): 0.11
• P/FCF Ratio: 8.79
• 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: 56 Neutral
• Price Target: S$0.04 ▼(-12.00% Downside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is held back primarily by thin profitability, uneven operating results, and historically volatile cash generation, partially offset by a conservatively financed balance sheet (low leverage). Technical signals are neutral-to-soft, while the low P/E provides a meaningful valuation support.

Positive Factors

Conservative balance sheet

Consistently low debt (debt-to-equity ~4–6%) materially reduces refinancing and solvency risk for a cyclical paper business. That balance-sheet resilience supports capacity to fund working capital, survive downturns, and pursue opportunistic investments without immediate external funding.

Negative Factors

Revenue decline & volatility

Multi-year revenue declines and volatility signal weakening demand or market share loss in a commodity-driven sector. Persistent top-line pressure undermines scale economics, limits pricing power, and makes sustained margin recovery difficult without clear, durable demand or differentiation improvements.

Nippecraft Limited Business Overview & Revenue Model

Company Description

Nippecraft Limited, together with its subsidiaries, engages in trading and sourcing of recycled waste, chemicals, papers, paper bags, pulp, and other related materials. The company operates through two segments, Stationery Business and Trading Bus...

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Nippecraft Limited, together with its subsidiaries, engages in trading and sourcing of recycled waste, chemicals, papers, paper bags, pulp, and other related materials. The company operates through two segments, Stationery Business and Trading Bus...

Nippecraft Limited Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	99.77M	105.34M	111.55M	129.72M	140.14M
Gross Profit	7.51M	8.41M	7.82M	8.03M	8.26M
EBITDA	1.37M	1.18M	2.06M	784.00K	1.44M
Net Income	784.00K	485.00K	1.34M	4.00K	324.00K
Balance Sheet
Total Assets	55.95M	56.78M	56.42M	63.85M	63.40M
Cash, Cash Equivalents and Short-Term Investments	19.06M	17.63M	19.33M	16.94M	22.96M
Total Debt	1.44M	1.27M	1.70M	1.60M	1.82M
Total Liabilities	22.54M	24.67M	24.47M	33.70M	32.39M
Stockholders Equity	33.41M	32.12M	31.95M	30.14M	31.01M
Cash Flow
Free Cash Flow	1.27M	-1.07M	482.00K	-5.25M	5.62M
Operating Cash Flow	1.35M	-826.00K	617.00K	-5.12M	5.80M
Investing Cash Flow	117.00K	-33.00K	2.12M	-106.00K	-144.00K
Financing Cash Flow	-366.00K	-512.00K	-685.00K	-616.00K	-785.00K

Nippecraft Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:N32, the sentiment is Negative. The current price of 0.05 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.88 is Neutral, neither overbought nor oversold. The STOCH value of 39.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:N32.

Nippecraft Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5MD	74 Outperform	S$26.46M	3.59	13.75%	1.22%	33.55%	2595.24%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
N32	56 Neutral	S$14.06M	14.28	3.08%	―	-8.21%	―
BJD	48 Neutral	S$2.95M	-0.36	-58.09%	―	-28.47%	30.90%
LS9	46 Neutral	S$16.88M	-35.91	-235.02%	130.45%	-98.50%	-156.76%
BLR	45 Neutral	S$7.32M	-4.21	-3.79%	―	-7.59%	78.60%