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Employees: 797
Size Azeus Systems (BBW.SI) is a Singapore Industrials company (Miscellaneous Commercial Services) with a market value of $226M, the 157th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$9.62 on 6 Nov 2026.
Performance Over six months the shares fell 16.9%, against -16.6% for the median peer and -1.2% for the Singapore market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 5.5% over the last twelve months (peer median +5.3%); the operating margin is 32.4% (peer median 4.3%).
Valuation It trades at 3.2× enterprise value to sales against a peer median of 2.2× (8th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is -27 pp: the price already allows for a slowdown.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$77.1M | S$77.1M | S$81.5M | S$56.5M | S$44.3M |
| Revenue growth | — | -5% | +44% | +28% | — |
| Gross profit | S$58.7M | S$58.8M | S$62.5M | S$40.1M | S$31.9M |
| EBITDA | S$26.6M | S$26.5M | S$35.3M | S$17.2M | S$11.6M |
| Net income | S$22.2M | S$22.3M | S$28.7M | S$14.6M | S$8.86M |
| Free cash flow | S$18.4M | S$18.4M | S$33.9M | S$16.9M | S$6.10M |
| Capital expenditure | S$785,698 | S$786,682 | S$605,460 | S$1.00M | S$196,328 |
| Total debt | n/a | S$3.39M | S$4.31M | S$4.32M | S$535,550 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BBW.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.3% | -10.6% | 8th highest of 21 |
| 6-month return | -16.9% | -16.6% | 11th highest of 21 |
| Distance from 52-week high | -37.9% | -35.5% | 10th lowest of 21 |
| Revenue growth (TTM) | -5.5% | +5.3% | 8th lowest of 21 |
| Operating margin | 32.4% | 4.3% | highest of 21 |
| EV / Sales | 3.2× | 2.2× | 8th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -7.7% | -1.2% | 2nd least demanding of 12 |
| Growth delivered (Del g) | +19.7% | +8.7% | 2nd highest of 12 |
| Hurdle (Req g minus delivered) | -27.4 pp | -8.7 pp | least demanding of 12 |
| EV / EBITDA | 9.4× | 8.2× | 6th most expensive of 12 |
| Net debt / EBITDA | -1.4× | 0.2× | 3rd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Azeus Systems BBW.SI | Singapore | $226M | -17% | -6% | 32% | 3.2× | -7.7% | +19.7% |
| APACT 200470.KS | South Korea | $245M | -14% | +44% | 4% | 3.1× | n/a | n/a |
| Integrated Service Technology 3289.TWO | Taiwan | $267M | -45% | +5% | 2% | 2.2× | 32.8% | +9.7% |
| ISDN I07.SI | Singapore | $177M | -31% | +17% | 7% | 0.6× | -2.8% | +4.0% |
| Nippon Air Conditioning Services 4658.T | Japan | $301M | -12% | +7% | 7% | 0.6× | -1.6% | +7.1% |
| FSE Lifestyle Services 0331.HK | Hong Kong | $305M | -4% | -3% | 6% | 0.3× | n/a | n/a |
| Science SAG.L | United Kingdom | $308M | -4% | -11% | 17% | 1.7× | -5.8% | +8.7% |
| SIGMAXYZ 6088.T | Japan | $310M | -6% | -13% | 24% | 2.0× | -9.5% | +11.2% |
| GMO Financial Gate 4051.T | Japan | $310M | +3% | +14% | 12% | 2.3× | 17.0% | +37.2% |
| Rejlers REJL-B.ST | Sweden | $314M | -7% | +6% | 6% | 0.9× | -3.1% | +14.9% |
| Qingdao Richmat Intelligence Technology 301320.SZ | China | $315M | -34% | +20% | -3% | 1.9× | n/a | n/a |
| LHN 41O.SI | Singapore | $162M | -31% | -11% | 29% | 4.8× | -1.2% | -0.4% |
| Jiangsu Recbio Technology 2179.HK | Hong Kong | $317M | -43% | -82% | -25,868% | 1,485.2× | n/a | n/a |
| Wuhan Nusun Landscape 300536.SZ | China | $319M | -29% | +154% | -57% | 4.8× | n/a | n/a |
| Palm Eco-Town Development 002431.SZ | China | $319M | -43% | -52% | -50% | 5.6× | 14.2% | -16.0% |
| Jaykay Enterprises JAYKAY.NS | India | $321M | +28% | +118% | 4% | 11.7× | n/a | n/a |
| Beijing ZEHO Waterfront Ecological Environment Treatment 605069.SS | China | $324M | -28% | +3% | -62% | 10.1× | n/a | n/a |
| Knowit KNOW.ST | Sweden | $327M | +48% | -6% | 2% | 0.7× | 6.3% | +12.1% |
| YingTong Telecommunication 002861.SZ | China | $329M | -27% | +15% | -8% | 2.3× | n/a | n/a |
| Wuhan Guide Technology 301633.SZ | China | $331M | -19% | -32% | -11% | 5.3× | n/a | n/a |
| Business Brain Showaota 9658.T | Japan | $332M | +63% | +6% | 7% | 1.1× | -1.2% | +7.6% |