Aedge Group Limited (XVG) AI Stock Analysis

• Market Cap: S$44.26M
• Dividend Yield: N/A
• Average Volume (3M): 1.61K
• Price to Earnings (P/E): 6.3
• Beta (1Y): 0.26
• Revenue Growth: 17.29%
• EPS Growth: -8.93%
• Country: SG
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Security & Protection Services
• EPS (TTM): 0.01
• Shares Outstanding: 107,950,000
• 10 Day Avg. Volume: 2,000
• 30 Day Avg. Volume: 1,606
• PEG Ratio: 0.00
• Price to Book (P/B): 2.42
• Price to Sales (P/S): 1.13
• P/FCF Ratio: 8.23
• 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: 49 Neutral
• Price Target: S$0.41 ▲(56.92% Upside)
• Action: Reiterated Date: 02/24/26
• Date: Action: Reiterated 02/24/26

The score is held back primarily by weak financial performance (declining revenue, negative margins, high leverage), partially offset by strong free cash flow growth. Technicals show a strong uptrend, but extremely overbought readings raise reversal risk. Valuation is also a headwind due to a high P/E and no dividend support.

Positive Factors

Free Cash Flow Strength

Aedge's exceptionally strong free cash flow growth (374.71%) and FCF-to-net-income near parity indicate durable cash generation despite accounting losses. This improves ability to fund operations, invest in service capacity, and service debt without relying on equity raises, supporting medium-term financial resilience.

Operational Margin Resilience

Positive EBITDA margins and an improving gross margin signal underlying operational efficiency in the company's security services model. Sustained service-level economics provide a durable profit base that can support break-even conversion and scalable margins as revenue stabilizes or grows.

Defensive Industry Exposure

Operating in security and protection services exposes the company to recurring contract demand and regulatory-driven spending patterns. These structural characteristics tend to produce steadier revenue streams and long-term client relationships, supporting predictable cash flows over 2-6 months and beyond.

Negative Factors

Negative Profitability Metrics

Negative net and EBIT margins and a negative ROE show the company currently fails to convert revenue into shareholder returns. Over the medium term this weak profitability limits retained earnings, constrains reinvestment, and makes the business more sensitive to cost or revenue shocks without structural margin improvement.

High Financial Leverage

A debt-to-equity ratio around 1.30 denotes significant leverage for a service company. Elevated debt increases interest expense and refinancing risk, reducing financial flexibility. In adverse conditions this leverage can force cost cuts or asset sales, undermining strategic investments and margin recovery efforts.

Recent Revenue Decline

A year-over-year revenue decline suggests possible contract attrition, pricing pressure, or market-share challenges. Without durable top-line growth, fixed-cost absorption is harder and margin improvements may stall. Sustained revenue weakness would pressure cash flow conversion and long-term profitability recovery.

Aedge Group Limited Business Overview & Revenue Model

Company Description

Aedge Group Limited provides engineering, security and manpower, and transportation services. The company offers scaffolding, insulation and passive fire protection, and electrical engineering services, as well as engages in the design and installation of heating, ventilation, air-conditioning, and refrigeration systems. It also provides security, cleaning, and manpower services for aerospace technicians. In addition, the company offers school buses, private bus charter, and ad-hoc bus services. It serves a range of customers from various industries, including MNCs, government bodies, schools, and local companies. The company was incorporated in 2019 and is based in Singapore.

How the Company Makes Money

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Aedge Group Limited Financial Statement Overview

Summary

Financial fundamentals are weak overall: revenue declined (-4.38%) and profitability is negative (net margin -2.48%, EBIT margin -1.01%), while leverage is elevated (debt-to-equity 1.30) and ROE is negative (-5.30%). The main offset is strong free cash flow growth (374.71%) and solid free cash flow relative to losses (FCF to net income 0.86).

Income Statement

Aedge Group Limited has faced declining revenue growth, with a negative growth rate of -4.38% in the latest year. The company has struggled with profitability, as evidenced by negative net profit margins (-2.48%) and EBIT margins (-1.01%). However, the gross profit margin has improved slightly to 12.66%, indicating some efficiency in managing production costs. The EBITDA margin is positive at 11.48%, suggesting some operational efficiency despite overall losses.

Balance Sheet

The company's balance sheet shows a high debt-to-equity ratio of 1.30, indicating significant leverage which could pose financial risks. Return on equity is negative (-5.30%), reflecting the company's inability to generate profit from shareholders' equity. The equity ratio stands at 34.54%, suggesting a moderate level of equity financing relative to total assets.

Cash Flow

Aedge Group Limited has demonstrated strong free cash flow growth of 374.71%, indicating improved cash generation capabilities. The operating cash flow to net income ratio is 0.39, showing that operating activities are generating cash, albeit at a low level relative to net income. The free cash flow to net income ratio is 0.86, suggesting that the company is generating significant free cash flow relative to its net losses.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	32.06M	23.91M	23.91M	26.45M	20.45M	17.88M
Gross Profit	5.51M	3.03M	3.03M	1.40M	1.48M	1.68M
EBITDA	4.76M	2.74M	2.10M	-440.00K	903.00K	1.28M
Net Income	1.00M	-592.00K	-592.00K	-2.25M	-1.44M	-991.00K
Balance Sheet
Total Assets	35.76M	32.32M	24.98M	19.13M	22.27M	26.00M
Cash, Cash Equivalents and Short-Term Investments	2.23M	2.00M	3.21M	3.48M	5.58M	9.16M
Total Debt	14.02M	14.50M	9.84M	4.23M	5.08M	5.96M
Total Liabilities	21.69M	21.20M	13.47M	7.23M	8.13M	9.36M
Stockholders Equity	12.28M	11.16M	11.31M	11.90M	14.14M	16.64M
Cash Flow
Free Cash Flow	4.39M	3.29M	3.09M	-2.43M	-1.76M	3.03M
Operating Cash Flow	4.99M	3.82M	3.46M	-1.26M	-882.00K	4.61M
Investing Cash Flow	-2.81M	-11.13M	-9.63M	713.00K	-814.00K	-1.40M
Financing Cash Flow	-1.70M	6.10M	5.91M	-1.56M	-1.89M	322.00K

Aedge Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.26
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:XVG, the sentiment is Positive. The current price of 0.26 is below the 20-day moving average (MA) of 0.41, below the 50-day MA of 0.34, and below the 200-day MA of 0.29, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 56.79 is Neutral, neither overbought nor oversold. The STOCH value of 56.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:XVG.

Aedge Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1V3	57 Neutral	S$30.56M	10.63	11.84%	―	30.68%	―
XVG	49 Neutral	S$44.26M	6.29	8.53%	―	17.29%	-8.93%

Aedge Group Limited Corporate Events

Aedge Group Returns to Profit as Revenue Jumps 30% and Margins Strengthen

Aedge Group Limited, which spans engineering, transport, security and manpower services, and investment properties, reported significantly stronger performance for the six months ended 31 December 2025. The Group’s investment properties, notably the fully occupied Amethyst House and the partially converting Beryl House, are emerging as meaningful contributors alongside its core operating segments.

For 1HFY2026, revenue rose 30.2% year-on-year to S$17.3 million as all business segments expanded through higher project recognition, contract renewals with better terms, and new customer wins. Gross profit more than doubled and margins improved to 20.0%, lifting EBITDA to S$3.1 million and returning the Group to net profitability, supported by S$1.96 million in operating cash flow and signalling healthier operations and a stronger financial footing.

The most recent analyst rating on (SG:XVG) stock is a Hold with a S$0.29 price target. To see the full list of analyst forecasts on Aedge Group Limited stock, see the SG:XVG Stock Forecast page.

Aedge Group Enters Joint Venture to Form ASP E&C in Singapore

Aedge Group Limited’s subsidiary Aedge Technologies Pte. Ltd. has entered into a joint venture with S&P Manpower Pte. Ltd. and BSC Projects Pte Ltd to form ASP E&C Pte. Ltd., a private limited company in Singapore. The new JV company, in which Aedge Technologies will hold a controlling 51% stake alongside S&P’s 44% and BSC’s 5%, will be initially capitalised at S$100 for incorporation purposes, with scope for further capital injections as new projects and business expansion arise, positioning Aedge to leverage partners’ manpower and engineering networks for future project opportunities.

The most recent analyst rating on (SG:XVG) stock is a Hold with a S$0.30 price target. To see the full list of analyst forecasts on Aedge Group Limited stock, see the SG:XVG Stock Forecast page.