TechCreate Group Ltd. Class A (TCGL) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): 1.37
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 8
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Services
• EPS (TTM): N/A
• Shares Outstanding: 17,859,750
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 10.00T>
• Enterprise Value/Revenue: 75.43
• Enterprise Value/Gross Profit: 107.04
• Enterprise Value/Ebitda: 2.19K
• 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: 50 Neutral
• Price Target: $7.50 ▲(43.68% Upside)

The score is held back primarily by weakening financial performance (sharp margin deterioration, widening losses, negative free cash flow, and rising leverage). Technicals are constructive with strong momentum, but overbought signals add risk. Valuation is a neutral factor due to missing P/E and dividend yield data.

Positive Factors

IPO and Capital Raise

The successful IPO and over-allotment option sale raised significant capital, enhancing TechCreate's financial position and supporting future growth initiatives.

Revenue Growth

Consistent revenue growth indicates market demand and potential for scaling operations, which can lead to improved financial performance over time.

Market Expansion

Investment in sales, marketing, and R&D from IPO proceeds suggests a strategic focus on market expansion and innovation, potentially enhancing competitive positioning.

Negative Factors

Deteriorating Margins

Sharp decline in gross margins indicates increased costs or pricing pressures, which could undermine profitability and financial stability if not addressed.

Negative Cash Flow

The shift to negative cash flow suggests operational inefficiencies and potential liquidity issues, raising concerns about the company's ability to sustain operations without additional funding.

Increased Leverage

Higher leverage increases financial risk and limits flexibility, potentially impacting the company's ability to invest in growth or weather economic downturns.

TechCreate Group Ltd. Class A Business Overview & Revenue Model

Company Description

TechCreate Group Ltd. is a holding company, which engages in the provision of technology consultancy and software solutions. The firm also offers payment, cybersecurity, and digital services. Its business areas consist of professional services, software and maintenance licenses, and hardware solutions. The company was founded in 2015 and is headquartered in Singapore.

How the Company Makes Money

TechCreate Group Ltd. Class A Financial Statement Overview

Summary

Despite modest revenue growth (~8% in 2024), profitability deteriorated sharply (gross margin fell materially and operating results shifted to large losses). Cash flow also reversed from positive in 2023 to significantly negative in 2024, and leverage rose substantially (debt moved to roughly ~1x equity), increasing financial risk.

Income Statement

Revenue grew modestly in 2024 (~8%), but profitability deteriorated sharply: gross margin fell meaningfully (about 49% to ~29%), and the company moved from near break-even operating results in 2023 to large operating losses in 2024. Net margin also widened materially into negative territory, signaling weaker pricing/power, higher costs, or both. Strength is continued top-line growth; weakness is the rapid compression in margins and accelerating losses.

Balance Sheet

The balance sheet weakened year over year as leverage rose substantially: debt increased sharply and debt relative to equity moved from low to roughly ~1x, reducing financial flexibility. Equity still exceeds debt slightly, but returns to shareholders are deeply negative given the 2024 loss. Strength is that equity remains positive; weakness is the fast increase in leverage alongside worsening earnings.

Cash Flow

Cash generation reversed: operating and free cash flow were positive in 2023 but turned significantly negative in 2024, indicating the business consumed cash as losses expanded. While free cash flow moved roughly in line with net loss (notably, cash burn tracked reported losses), the magnitude and direction are unfavorable and raise funding risk if the trend persists. Strength is alignment between cash flow and earnings quality; weakness is the large shift to cash burn and negative free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023
Income Statement
Total Revenue	1.14M	3.10M	2.88M
Gross Profit	802.68K	893.82K	1.42M
EBITDA	39.32K	-829.26K	12.76K
Net Income	-11.93K	-1.01M	-194.79K
Balance Sheet
Total Assets	1.65M	2.83M	2.40M
Cash, Cash Equivalents and Short-Term Investments	803.72K	1.21M	997.85K
Total Debt	446.81K	847.18K	54.08K
Total Liabilities	1.11M	1.95M	1.74M
Stockholders Equity	537.77K	874.72K	651.53K
Cash Flow
Free Cash Flow	281.43K	-1.29M	130.59K
Operating Cash Flow	282.91K	-1.29M	141.24K
Investing Cash Flow	-1.48K	-7.85K	-10.65K
Financing Cash Flow	-233.60K	1.51M	-302.29K

TechCreate Group Ltd. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TCGL	50 Neutral	―	―	―	―	―	―
ADTN	50 Neutral	$749.89M	-8.29	-48.44%	―	14.33%	83.32%
DDD	48 Neutral	$317.98M	-22.26	7.15%	―	-11.78%	―
EGHT	48 Neutral	$267.58M	-41.33	-4.88%	―	0.25%	92.10%
ALTS	45 Neutral	$195.79M	-2.85	-46.05%	―	926.05%	68.96%

TechCreate Group Ltd. Class A Corporate Events

TechCreate Group Posts Stronger Margins and NYSE Debut on Back of H1 2025 Results

On December 26, 2025, TechCreate Group Ltd. reported its financial and operational results for the six months ended June 30, 2025, highlighting 10.4% year-on-year revenue growth to S$1.9 million, a sharp improvement in gross margin to 70.5% and a reduced net loss of about S$20,000, driven by higher professional services revenue and lower third-party license costs. The company secured new real-time payment engine work in Singapore and an enhancement project with an existing Brunei client, launched a QR Soundbox terminal line for a Cambodian bank, and, in October 2025, completed an initial public offering on the NYSE American under the ticker TCGL that raised gross proceeds of $11.73 million, collectively underscoring a strategic pivot toward higher-margin professional services and a stronger capital base as it scales its payments and digital infrastructure business regionally.

The most recent analyst rating on (TCGL) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on TechCreate Group Ltd. Class A stock, see the TCGL Stock Forecast page.

TechCreate Group Ltd. Completes Over-Allotment Option Sale

On October 30, 2025, TechCreate Group Ltd. announced the closing of its offering of 382,500 class A ordinary shares following the full exercise of the over-allotment option by Cathay Securities, the lead underwriter. This move, part of the company’s initial public offering process, generated additional gross proceeds of $1.53 million, enhancing TechCreate’s financial position and potentially strengthening its market presence in the technology solutions sector.

TechCreate Group Ltd. Successfully Launches IPO on NYSE American

On October 14, 2025, TechCreate Group Ltd. entered into an underwriting agreement for its initial public offering (IPO) of 2,550,000 class A ordinary shares at a price of $4.00 per share, raising $10.2 million in gross proceeds. The shares began trading on the NYSE American under the symbol ‘TCGL’ on October 15, 2025, with the IPO closing on October 16, 2025. The company plans to use the proceeds for sales and marketing, business development, research and development, and general corporate purposes. This IPO marks a significant step for TechCreate in expanding its market presence and enhancing its operational capabilities.