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Avarga Limited (U09.SI)
Key financial summary
Financials in SGD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | SGD m | 1,693 | 2,435 | 2,368 | 1,700 | 1,620 | 1,524 | 1,456 |
| Operating profit | SGD m | 57 | 58 | |||||
| Net profit | SGD m | 55 | 73 | 51 | 11 | 24 | 13 | 31 |
| EPS reported | SGD | -0.04 | 0.17 | |||||
| Operating cashflow per share | SGD | 0.10 | 0.52 | |||||
| Capex per share | SGD | 0.01 | 0.10 | |||||
| FCF per share | SGD | 0.08 | 0.42 | |||||
| Free cash flow | SGD m | 30 | 41 | |||||
| Net debt | SGD m | -72 | -23 | |||||
| Book value equity | SGD m | 256 | 268 | |||||
| Book value per share | SGD | 2.82 | 2.95 | |||||
| Number of shares | m | 90.83 | 90.83 | |||||
| DPS (TTM paid) | SGD | 0.29 | 0.00 |
Financial summary
Financials in SGD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | - | 15.50 | |||||
| P/B LTM | x | 3.91 | 0.83 | |||||
| P/S LTM | x | 0.66 | 0.15 | |||||
| P/FCF LTM | x | 33.34 | 5.40 | |||||
| EV/EBITDA LTM | x | 16.00 | 3.14 | |||||
| EV/Sales LTM | x | 0.67 | 0.14 | |||||
| Earnings Yield LTM | % | 1.30% | 6.45% | |||||
| FCF Yield | % | 3.00% | 18.52% | |||||
| Quality | ||||||||
| ROE | % | 5.10% | 11.97% | |||||
| ROIC | % | 3.42% | 7.86% | |||||
| Operating margin | % | 3.72% | 3.96% | |||||
| Gross margin | % | 10.81% | 11.32% | |||||
| FCF/Sales | % | 1.97% | 2.83% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | - | - | |||||
| Sales Growth YoY | % | -5.92% | -7.78% | |||||
| Net Income Growth YoY | % | -44.59% | +723.78% | |||||
| FCF Growth | % | -31.53% | -18.83% | |||||
| Operating Profit Growth | % | +8.88% | +13.39% | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 10.87% | 0.00% | |||||
| Dividend Growth | % | - | - | |||||
| Payout Ratio | % | -3418.8% | 688.87% | |||||
| FCF/Debt | x | 0.31 | 0.28 | |||||
| Net Debt/EBITDA | x | 0.24 | 1.12 | |||||
| EBIT/Net interest | x | 0.00 | 0.00 | |||||
| Net debt/market cap | % | -7.14% | -10.17% | |||||
| Net debt/Equity | x | -0.28 | -0.08 | |||||
| Gross debt/equity | x | 0.38 | 0.56 | |||||
Company overview
Avarga Limited, a Singapore-headquartered investment conglomerate established in 1967 (and known as UPP Holdings Limited until its renaming in April 2018), maintains a broad international presence with operations spanning Canada, the United States, Malaysia, Singapore, Myanmar, Sri Lanka, Australia, and other global markets. The company's diverse activities are organized into four main divisions: Paper Mill, Power Plant, Building Products, and a miscellaneous 'Others' category. Within its Paper Mill segment, Avarga manufactures and distributes various industrial paper grades, such as test liner, corrugating medium, chipboard, and core boards, which are essential components for crafting corrugated packaging and other paper products. This division also participates in the acquisition and commercial exchange of recycled paper materials. The Power Plant arm oversees a 50-megawatt natural gas-powered electricity generation facility located in Ywama, Myanmar, dedicated to supplying power to the Myanmar Government. Through its Building Products division, the company provides an extensive selection of construction supplies, including timber, assorted panels, moldings, exterior sidings, engineered wood solutions, flooring, roofing materials, and insulation. Furthermore, the 'Others' segment encompasses property leasing and associated real estate management services.
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For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Avarga Limited (U09.SI)
Avarga Limited, a Singapore-headquartered investment conglomerate established in 1967 (and known as UPP Holdings Limited until its renaming in April 2018), maintains a broad international presence with operations spanning Canada, the United States, Malaysia, Singapore, Myanmar, Sri Lanka, Australia, and other global markets. The company's diverse activities are organized into four main divisions: Paper Mill, Power Plant, Building Products, and a miscellaneous 'Others' category. Within its Paper Mill segment, Avarga manufactures and distributes various industrial paper grades, such as test liner, corrugating medium, chipboard, and core boards, which are essential components for crafting corrugated packaging and other paper products. This division also participates in the acquisition and commercial exchange of recycled paper materials. The Power Plant arm oversees a 50-megawatt natural gas-powered electricity generation facility located in Ywama, Myanmar, dedicated to supplying power to the Myanmar Government. Through its Building Products division, the company provides an extensive selection of construction supplies, including timber, assorted panels, moldings, exterior sidings, engineered wood solutions, flooring, roofing materials, and insulation. Furthermore, the 'Others' segment encompasses property leasing and associated real estate management services.
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