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Employees: 3,600
Size Frencken (E28.SI) is a Singapore Information Technology company (Electronic Production Equipment) with a market value of $642M, the 94th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$1.73 on 6 Nov 2026.
Performance Over six months the shares fell 41.5%, against -22.5% for the median peer and -1.2% for the Singapore market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 1.0% over the last twelve months (peer median +2.6%); the operating margin is 5.6% (peer median 2.9%).
Valuation It trades at 17.2× forward earnings against a peer median of 16.0× (9th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.2 points below its cost of capital (8.4% WACC).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$862M | S$865M | S$794M | S$743M | S$786M |
| Revenue growth | — | +9% | +7% | -6% | — |
| Gross profit | S$127M | S$123M | S$115M | S$98.0M | S$119M |
| EBITDA | S$81.0M | S$79.0M | S$77.6M | S$68.9M | S$86.2M |
| Net income | S$38.5M | S$39.1M | S$37.1M | S$32.5M | S$51.9M |
| Free cash flow | S$117M | S$150M | S$88.9M | S$23.3M | -S$4.20M |
| Capital expenditure | S$27.3M | S$19.6M | S$13.1M | S$26.9M | S$42.6M |
| Total debt | n/a | S$90.0M | S$134M | S$142M | S$150M |
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 | E28.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -31.1% | -17.8% | 3rd lowest of 21 |
| 6-month return | -41.5% | -22.5% | 3rd lowest of 21 |
| Distance from 52-week high | -51.1% | -49.7% | 10th lowest of 21 |
| Revenue growth (TTM) | +1.0% | +2.6% | 9th lowest of 21 |
| Operating margin | 5.6% | 2.9% | 9th highest of 21 |
| Forward P/E | 17.2× | 16.0× | 9th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 3.1% | 12.2% | 4th least demanding of 12 |
| Growth delivered (Del g) | +6.9% | +8.2% | 6th lowest of 12 |
| Hurdle (Req g minus delivered) | -3.8 pp | +10.8 pp | 4th least demanding of 12 |
| ROIC minus cost of capital | -0.2 pp | -4.6 pp | 6th highest of 21 |
| EV / EBITDA | 10.1× | 11.9× | 4th cheapest of 8 |
| Net debt / EBITDA | -0.1× | -0.5× | 4th most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Frencken E28.SI | Singapore | $642M | -42% | +1% | 6% | 17.2× | 3.1% | +6.9% |
| Kohoku Kogyo 6524.T | Japan | $644M | -28% | +22% | 29% | 21.1× | 22.8% | +9.3% |
| YaGuang Technology 300123.SZ | China | $629M | +2% | -45% | -264% | 37.1× | n/a | n/a |
| Shenzhen Longli Technology 300752.SZ | China | $627M | -28% | +17% | 2% | 10.3× | n/a | n/a |
| Hangzhou Jizhi Mechatronic 300553.SZ | China | $626M | -15% | -4% | -4% | 41.8× | n/a | n/a |
| JNTC 204270.KS | South Korea | $663M | -18% | -13% | -47% | 6.9× | n/a | n/a |
| Pan-International Industrial 2328.TW | Taiwan | $667M | -23% | -14% | 2% | n/a | 18.3% | +1.2% |
| Techshine Electronics 301379.SZ | China | $617M | -21% | +12% | 4% | 16.0× | n/a | n/a |
| Dongguan Mentech Optical & Magnetic 002902.SZ | China | $670M | -38% | +30% | -6% | n/a | n/a | n/a |
| Beijing Bayi Space LCD Technology 688181.SS | China | $609M | -14% | +12% | 11% | 31.5× | n/a | n/a |
| Chicony Power Technology 6412.TW | Taiwan | $680M | -38% | +62% | -128% | 9.9× | -5.2% | -0.2% |
| Minami Acoustics 301383.SZ | China | $604M | -14% | -11% | -4% | 18.6× | 48.1% | +8.2% |
| Shenzhen Yanmade Technology 688312.SS | China | $682M | -56% | +1% | 17% | 25.1× | 26.6% | +12.0% |
| SHENZHEN SEA STAR TECHNOLOGY 002137.SZ | China | $603M | -16% | +26% | 3% | n/a | 38.0% | -2.8% |
| Vanjee Technology 300552.SZ | China | $601M | -29% | +16% | -13% | 18.8× | n/a | n/a |
| Fitipower Integrated Technology 4961.TW | Taiwan | $600M | +4% | -10% | 6% | 12.1× | -7.2% | +10.6% |
| Suntront Technology 300259.SZ | China | $598M | -22% | 0% | 12% | 12.0× | 8.6% | -2.2% |
| Evertz Technologies ET.TO | Canada | $689M | -21% | +4% | 13% | 15.1× | 5.0% | +8.5% |
| JVCKENWOOD 6632.T | Japan | $694M | -34% | +2% | 7% | 7.0× | -17.0% | +5.5% |
| Suzhou Etron Technologies 603380.SS | China | $588M | -33% | +3% | 11% | 13.2× | 12.2% | +12.2% |
| Guoguang Electric Co., Ltd.Chengdu 688776.SS | China | $709M | -46% | -38% | -89% | 30.3× | n/a | n/a |