Loading…
Employees: 763
Size BRC Asia (BEC.SI) is a Singapore Materials company (Steel) with a market value of $894M, the 74th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$4.16 on 6 Nov 2026.
Performance Over six months the shares fell 9.0%, against -22.8% for the median peer and -1.2% for the Singapore market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 22.9% over the last twelve months (peer median +0.5%); the operating margin is 7.8% (peer median 5.5%).
Valuation It trades at 10.5× forward earnings against a peer median of 18.2× (3rd cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -15% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is -35 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 16.4 points above its cost of capital (5.0% WACC).
Next results Next results expected around 24 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$1.77B | S$1.55B | S$1.48B | S$1.63B | S$1.70B |
| Revenue growth | — | +5% | -9% | -4% | — |
| Gross profit | S$186M | S$160M | S$154M | S$139M | S$141M |
| EBITDA | S$157M | S$138M | S$133M | S$124M | S$137M |
| Net income | S$104M | S$94.3M | S$93.5M | S$75.7M | S$90.2M |
| Free cash flow | S$221M | S$113M | S$197M | S$150M | S$41.0M |
| Capital expenditure | S$12.4M | S$6.81M | S$4.31M | S$3.27M | S$2.91M |
| Total debt | n/a | S$215M | S$246M | S$381M | S$458M |
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 | BEC.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.7% | -7.0% | 3rd highest of 21 |
| 6-month return | -9.0% | -22.8% | 3rd highest of 21 |
| Distance from 52-week high | -13.9% | -37.7% | 2nd highest of 21 |
| Revenue growth (TTM) | +22.9% | +0.5% | 4th highest of 21 |
| Operating margin | 7.8% | 5.5% | 7th highest of 21 |
| Forward P/E | 10.5× | 18.2× | 3rd cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -14.8% | 7.7% | least demanding of 13 |
| Growth delivered (Del g) | +20.5% | +7.0% | 2nd highest of 13 |
| Hurdle (Req g minus delivered) | -35.3 pp | -2.5 pp | least demanding of 13 |
| ROIC minus cost of capital | +16.4 pp | -3.1 pp | highest of 21 |
| EV / EBITDA | 7.2× | 6.9× | 5th cheapest of 9 |
| Net debt / EBITDA | -0.2× | 1.7× | 2nd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BRC Asia BEC.SI | Singapore | $894M | -9% | +23% | 8% | 10.5× | -14.8% | +20.5% |
| RongFa Nuclear Equipment 002366.SZ | China | $898M | -29% | -15% | -18% | n/a | n/a | n/a |
| Xinjiang Baodi Mining 601121.SS | China | $887M | -23% | +23% | 23% | n/a | n/a | n/a |
| Jiangsu Longda Superalloy 688231.SS | China | $919M | -34% | +54% | 6% | 35.0× | n/a | n/a |
| Jayaswal Neco Industries JAYNECOIND.NS | India | $920M | -22% | +18% | 15% | n/a | 8.4% | +14.0% |
| Zhejiang Jingu 002488.SZ | China | $939M | -45% | +11% | 5% | 40.0× | n/a | n/a |
| Jiangsu Changbao Steel Tube 002478.SZ | China | $847M | -40% | +2% | 6% | 17.5× | -4.8% | +8.4% |
| SunCoke Energy SXC | United States | $832M | +34% | +3% | 4% | 23.1× | 7.2% | +6.6% |
| Aichi Steel 5482.T | Japan | $970M | -17% | +4% | 5% | 14.2× | 1.6% | +8.5% |
| Xining Special Steel 600117.SS | China | $976M | -23% | 0% | -21% | n/a | n/a | n/a |
| Hanza HANZA.ST | Sweden | $978M | -11% | +72% | 8% | 18.8× | 10.4% | +22.8% |
| Labrador Iron Ore Royalty LIF.TO | Canada | $981M | -23% | -15% | 75% | 15.4× | 0.6% | -3.9% |
| Companhia Siderurgica Nacional Sponsored ADR SID | United States | $984M | -38% | +9% | 10% | n/a | n/a | n/a |
| Hangxiao Steel Structure 600477.SS | China | $810M | -24% | -24% | 3% | 28.6× | 11.6% | -2.5% |
| Anyang Iron and Steel 600569.SS | China | $810M | -10% | +1% | -10% | n/a | n/a | n/a |
| Maharashtra Seamless MAHSEAMLES.NS | India | $809M | -12% | -12% | 13% | 15.5× | 8.1% | +15.2% |
| Sansteel MinGuang Co., Ltd., Fujian 002110.SZ | China | $993M | -20% | -7% | -2% | 27.5× | 9.7% | -2.4% |
| Yieh Phui Enterprise 2023.TW | Taiwan | $804M | +5% | -9% | 0% | 25.2× | n/a | n/a |
| Champion Iron CIA.AX | Australia | $799M | -60% | -7% | 7% | 11.5× | 10.4% | +7.4% |
| Silvery Dragon Group Co., Ltd Tianjin 603969.SS | China | $790M | -33% | -1% | 15% | 9.5× | -3.5% | +4.7% |
| Tianjin You Fa Steel Pipe Group Stock 601686.SS | China | $1.03B | -15% | -2% | 1% | 9.8× | 4.0% | +0.9% |