PCT Stock Analysis: PC Partner | SG
Computer Hardware | SG, Singapore | Market Cap: 1.036m SGD | 12M Return: 136.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.27M
Rev. Trend: 95.4%
Warnings
No concerns identified
Tailwinds
Seasonality 1.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
PC Partner Group Limited is a Singapore-based investment holding company that designs, develops, manufactures, and sells computer electronics. Its core product line consists of video graphics cards for desktop PCs, alongside complementary offerings such as motherboards and mini-PCs. The company operates under three principal brands-ZOTAC, Inno3D, and Manli-and distributes its products across the Asia Pacific, the Americas, Europe, the Middle East, Africa, and India.
Beyond its own-brand graphics cards, the company runs an Electronics Manufacturing Services (EMS) business, producing hardware for third parties including ATMs, point-of-sale systems, industrial devices, and consumer electronics. It also provides contract manufacturing and subcontracting services, holds intellectual property, and engages in the wholesaling of computer hardware, peripherals, and software. The discrete graphics card market in which it operates is effectively a duopoly, with NVIDIA and AMD supplying the core GPUs that board partners like PC Partner then use as the basis for their own branded products.
Founded in 1997, PC Partner is headquartered in Singapore and is listed on the Singapore Exchange under the ticker PCT, with a market capitalization in the small-cap range.
- NVIDIA GPU supply and pricing shape add-in board margins
- Crypto mining resurgence lifts graphics card shipment volumes
- Gaming PC demand weakness pressures motherboard and mini-PC revenue
| Net Income: 494.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.43 > 0.02 and ΔFCF/TA 7.33 > 1.0 |
| NWC/Revenue: 18.23% < 20% (prev 21.47%; Δ -3.25% < -1%) |
| CFO/TA 0.44 > 3% & CFO 2.82b > Net Income 494.2m |
| Net Debt (-2.41b) to EBITDA (776.7m): -3.10 < 3 |
| Current Ratio: 1.82 > 1.5 & < 3 |
| Outstanding Shares: last quarter (387.9m) vs 12m ago 0.0% < -2% |
| Gross Margin: 10.20% > 18% (prev 9.48%; Δ 0.72% > 0.5%) |
| Asset Turnover: 244.7% > 50% (prev 201.0%; Δ 43.71% > 0%) |
| Interest Coverage Ratio: 13.70 > 6 (EBIT TTM 641.0m / Interest Expense TTM 46.8m) |
| A: 0.40 (Total Current Assets 5.66b - Total Current Liabilities 3.12b) / Total Assets 6.39b |
| B: 0.46 (Retained Earnings 2.94b / Total Assets 6.39b) |
| C: 0.11 (EBIT TTM 641.0m / Avg Total Assets 5.70b) |
| D: 1.00 (Book Value of Equity 3.20b / Total Liabilities 3.19b) |
| Altman-Z'' = 5.92 = AAA |
| DSRI: 1.17 (Receivables 1.30b/804.3m, Revenue 14.0b/10.1b) |
| GMI: 0.93 (GM 9.48% / 10.20%) |
| AQI: 1.34 (AQ_t 0.01 / AQ_t-1 0.01) |
| SGI: 1.38 (Revenue 14.0b / 10.1b) |
| TATA: -0.36 (NI 494.2m - CFO 2.82b) / TA 6.39b) |
| Beneish M = -2.52 (Cap -4..+1) = A |
As of July 29, 2026, the stock is trading at SGD 2.82 with a total of 3,955,100 shares traded. Over the past week, the price has changed by +8.46%, over one month by +1.44%, over three months by +50.64% and over the past year by +136.70%.
Current recommended Stop Loss: 2.60 (which is 7.8% or 1.3 ATR below the current price).
PC Partner has no consensus analysts rating.
Market Cap HKD = 6.30b (1.04b SGD * 6.0809 SGD.HKD)
P/E Trailing = 12.7143
P/S = 0.0742
P/B = 1.91
Revenue TTM = 14.0b HKD
EBIT TTM = 641.0m HKD
EBITDA TTM = 776.7m HKD
Long Term Debt = unknown (none)
Short Term Debt = 1.30b HKD (from shortLongTermDebt, last quarter)
Debt = 98.5m HKD (Leases only: 98.5m)
Net Debt = -2.41b HKD (calculated: Debt 98.5m - CCE 2.51b)
Enterprise Value = 3.89b HKD (6.30b + Debt 98.5m - CCE 2.51b)
Interest Coverage Ratio = 13.70 (Ebit TTM 641.0m / Interest Expense TTM 46.8m)
EV/FCF = 1.40x (Enterprise Value 3.89b / FCF TTM 2.77b)
FCF Yield = 71.21% (FCF TTM 2.77b / Enterprise Value 3.89b)
FCF Margin = 19.85% (FCF TTM 2.77b / Revenue TTM 14.0b)
Net Margin = 3.54% (Net Income TTM 494.2m / Revenue TTM 14.0b)
Gross Margin = 10.20% ((Revenue TTM 14.0b - Cost of Revenue TTM 12.5b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.61 (Enterprise Value 3.89b / Total Assets 6.39b)
Interest Expense / Debt = 47.49% (Interest Expense 46.8m / Debt 98.5m)
Taxrate = 22.64% (145.0m / 640.6m)
NOPAT = 495.9m (EBIT 641.0m * (1 - 22.64%))
Current Ratio = 1.82 (Total Current Assets 5.66b / Total Current Liabilities 3.12b)
Debt / Equity = 0.03 (Debt 98.5m / totalStockholderEquity, last quarter 3.20b)
Debt / EBITDA = -3.10 (Net Debt -2.41b / EBITDA 776.7m)
Debt / FCF = -0.87 (Net Debt -2.41b / FCF TTM 2.77b)
Total Stockholder Equity = 3.00b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.67% (Net Income 494.2m / Total Assets 6.39b)
RoE = 16.46% (Net Income TTM 494.2m / Total Stockholder Equity 3.00b)
RoCE = 19.61% (EBIT 641.0m / Capital Employed (Total Assets 6.39b - Current Liab 3.12b))
RoIC = 19.29% (NOPAT 495.9m / Invested Capital 2.57b)
WACC = 8.91% (E(6.30b)/V(6.40b) * Re(8.47%) + D(98.5m)/V(6.40b) * Rd(47.49%) * (1-Tc(0.23)))
Discount Rate = 8.47% (= CAPM, Blume Beta Adj.)
[DCF] Terminal Value 76.19% ; FCFF base≈2.38b ; Y1≈2.73b ; Y5≈4.02b
[DCF] Fair Price = 148.4 (EV 55.2b - Net Debt -2.41b = Equity 57.6b / Shares 387.9m; r=8.91% [WACC]; 5y FCF grow 15.0% → 2.50% )
Revenue Correlation: 95.36 | Revenue CAGR: 23.37% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=1.70 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+106.7% | GrowthRev=+11.5%
EPS next Year (2027-12-31): EPS=1.70 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+0.0% | GrowthRev=+4.8%