BEC.SI

Strong BuyUnloved Quality

BRC Asia Limited · Basic Materials · Singapore · $881M

SGD 4.14 -0.5% · close 6 Oct · scored 7 Oct

Unloved Quality: Strong and cheap; the market has not turned yet.

91
StockRank
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Quality
73
Value
72
Momentum
46

Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →

P/E (TTM)
10.8x
peers 8.9x
ROE
20.3%
peers 12.6%
D/E
0.3x
peers 0.1x
Dividend %
3.7%
trailing yield

ABOUT BRC ASIA LIMITED

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BRC Asia Limited is a leading regional manufacturer and supplier of steel reinforcement products, including rebar and wire mesh, primarily for the construction industry. As a market leader in Singapore for steel reinforcement solutions, it benefits from strong operational scale, automation, and established customer relationships. The company provides value-added services like cut-and-bend fabrication, maintaining a dominant market share.

FINANCIAL SUMMARY (SGD)

Year20212022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue—1.7B1.6B1.5B1.6B-3.0%1.8B1.8B1.9B10.7%
EPS (SGD)0.200.330.280.340.3415.1%0.380.400.4413.0%
Shares—274.4M274.4M274.4M274.4M+0.0%274.4M———
Debt—458.0M380.7M245.7M215.3M-22.2%161.2M———
Equity—398.8M427.3M475.3M514.7M8.9%————
Op CF—49.0M159.5M193.0M123.2M36.0%234.8M———
Inv CF—-1.4M2.7M2.8M-18.1M—————
Fin CF—22.8M-127.0M-183.0M-93.4M—————
Loading 1Y...
PRICE (1Y) · SGD-2.1%
4.094.134.184.224.2626 Aug16 Sep6 Oct
SMA 50SMA 200

Price checkExperimental
SwingsVery calm

Calmer than 91% of stocks we rank over the past year (20% a year).

How this is worked out

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
SGD 4.14
RSI (14)
50.0
52-Week Range-14.3% from high
Low SGD 3.74High SGD 4.83

SCORE BREAKDOWN

Quality
73
ROIC
21.6%90.5
ROE
20.3%88.3
GP/Assets
19.8%66.7
Op. Margin
6.9%51.8
FCF/Assets
20.2%96.4
Piotroski
666.3
Int. Cover
16.2x68.8
D/E Ratio
0.29x42.5
Current Ratio
2.10x52.1
Value
72
P/E (TTM)
10.8x77.3
EV/EBITDA
7.9x66.0
P/FCF
5.9x89.8
P/B
2.1x45.5
P/S
0.6x76.3
Div Yield
3.7%77.1
Momentum
46
52W High %
86%79.4
RS 6M
-24%34.2
SMA 50/200
0.97x49.1
EPS Rev 4W
-0.9%37.8
EPS Rev 12W
-1.6%25.3
EPS Improve
+15%28.6
Q Growth
24%42.4

FUNDAMENTALS

Market Cap
$881M
P/E (Forward)
9.4x
Gross Margin
10.5%

SECTOR PEERS

Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of BEC.SI are excluded.

TickerCompanyMkt CapStockRankSignal
BEC.SIBRC Asia Limited(you)$881M91Strong Buy
BTG.SIHG Metal Manufacturing Limited$103M60Hold
P52.SIPan-United Corporation Ltd$929M87Strong Buy
QES.SIChina Sunsine Chemical Holdings Ltd.$462M90Strong Buy
5TP.SICNMC Goldmine Holdings Limited$418M96Strong Buy
KUO.SIInternational Cement Group Ltd.$269M94Strong Buy
A7RU.SIKeppel Infrastructure Trust$2.4B67Buy
S44.SIEnGro Corporation Limited$120M100Strong Buy
S20.SIThe Straits Trading Company Limited$595M49Hold

Peer medians: ROE 12.6% · P/E 8.9x · Gross margin 30.5%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

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BRC Asia Limited (BEC.SI): Stock Score Summary

BRC Asia Limited (BEC.SI) has a MoatMap StockRank of 91/100 based on Quality (73/100), Value (72/100), and Momentum (46/100) factor scores. The current signal is STRONG BUY.

BRC Asia Limited is a leading regional manufacturer and supplier of steel reinforcement products, including rebar and wire mesh, primarily for the construction industry. As a market leader in Singapore for steel reinforcement solutions, it benefits from strong operational scale, automation, and established customer relationships. The company provides value-added services like cut-and-bend fabrication, maintaining a dominant market share.

Key Financial Metrics

PriceSGD 4.14
Market Cap$881M
P/E (TTM)10.84
P/E (Forward)9.39
Price/Book2.13
Return on Equity20.3%
Return on Invested Capital21.6%
Debt/Equity0.29x
Gross Margin10.5%
Operating Margin6.9%
Revenue Growth30.1%
Dividend Yield3.7%
Free Cash Flow$148M

BRC Asia Limited operates in the Steel industry, part of the Basic Materials sector (Singapore).

Frequently Asked Questions

What is BRC Asia Limited’s (BEC.SI) StockRank?
MoatMap’s StockRank for BRC Asia Limited (BEC.SI) is 91/100, with a Strong Buy signal. It is a composite of Quality (73), Value (72), and Momentum (46) factor ranks across MoatMap’s universe of 24,000+ stocks.
Does BRC Asia Limited have an economic moat?
BRC Asia Limited (BEC.SI) has a Quality factor score of 73/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is BRC Asia Limited a buy, hold, or sell?
MoatMap’s current signal for BRC Asia Limited (BEC.SI) is Strong Buy, based on a StockRank of 91/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is BRC Asia Limited in?
BRC Asia Limited (BEC.SI) operates in the Basic Materials sector, specifically the Steel industry (Singapore).