1. Singapore Stocks

  2. •

    Distribution services

  3. •

    Electronics distributors
Serial System Ltd

Serial System Ltd

SSGX:S69
0.06
SGD
+0.00
(+5.45%)
61.81MMarket Cap
Serial System Ltd
SGX:S69
(Singapore Exchange)

Recent

price

0.06

P/E

ratio

- -

div

yld

12.00%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
USD
0.78
0.71
0.73
0.91
1.16
1.36
1.57
1.67
1.7
0.88
0.82
1
1
0.84
0.87
0.95
- -
Revenue per Share
0.02
0.01
0.01
0.01
0.02
0.01
0.01
0.01
0.02
0.01
- -
0.01
-0.01
-0.02
- -
- -
- -
Basic EPS, GAAP
-0.02
-0.03
0.02
-0.04
- -
0.04
0.02
-0.01
0.01
0.09
0.01
-0.06
-0.03
0.03
0.04
- -
- -
Free Cash Flow per Basic Share
0.01
0.01
- -
0.01
- -
0.01
0.01
- -
0.01
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.1
0.11
0.11
0.12
0.13
0.13
0.13
0.15
0.15
0.16
0.16
0.17
0.15
0.14
0.14
0.15
0.15
Book Value per Share
0.09
0.09
0.1
0.11
0.12
0.11
0.12
0.14
0.14
0.15
0.15
0.16
0.15
0.13
0.14
0.14
0.14
Tangible Book Value per Share
743
842
899
896
896
896
896
896
896
896
896
900
905
905
905
905
896
Basic Weighted Avg Shares
579
594
658
817
1,036
1,222
1,403
1,492
1,527
792
731
896
907
759
789
860
- -
Sales/Revenue/Turnover
3.25
4.5
4.06
3.6
3.81
3.14
6.07
1.37
1.11
-1.88
0.07
1.56
0.11
-0.11
1.14
1
- -
Operating Margin (%)
2
3
4
4
5
4
4
3
3
5
4
3
3
3
3
2
- -
Depreciation Expense
13
10
8
11
16
11
5
10
18
8
- -
11
-5
-15
1
2
- -
Net Income, GAAP
22.05
18.59
22.69
20.85
22.57
25.36
56.47
26.32
23.61
9.61
13.22
10.71
- -
- -
141.25
26.16
- -
Effective Tax Rate (%)
2.17
1.68
1.21
1.37
1.55
0.9
0.32
0.64
1.16
1.01
0.04
1.24
-0.51
-1.95
0.07
0.27
- -
Profit Margin (%)
53
71
65
58
52
58
59
71
87
102
107
115
98
88
76
86
93
Working Capital
9
21
15
14
7
21
15
10
4
10
10
17
7
12
3
22
7
LT Debt
86
99
105
110
122
119
125
145
144
147
152
161
149
132
133
139
140
Total Equity
11.68
6.43
5.13
5.15
6.38
9.8
11.97
4.31
7.42
3.07
0.21
4.11
- -
- -
-0.75
1.99
- -
Return on Invested Capital (%)
10.96
6.83
5.13
6.07
7.13
5.08
2.27
4.24
7.47
5.53
1.3
4.53
- -
- -
-1.17
3.11
- -
Return on Capital (%)
16.76
10.96
7.92
10.66
14.2
9.4
3.87
7.42
12.87
5.82
0.19
7.62
-3.19
-11.25
0.41
1.76
- -
Return on Common Equity (%)

Capital Structure

USD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
ST Debt
114
119
123
LT Borrowings
- -
10
- -
LT Finance Leases
- -
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
896
896
896
Market Capitalization
50
55
44

Working Capital

USD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
Total Current Assets
309
332
312
Cash, Cash Equivalents & STI
79
81
64
Accounts Receivable, Net
126
106
119
Inventories
101
120
123
Total Current Liabilities
212
231
219
Payables & Accruals
- -
- -
- -
ST Debt
114
119
123
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.81%
-1.45%
4.41%
Free Cash Flow
-44.38%
-165.21%
-106.44%
Net Income, GAAP
447.24%
897.59%
344.38%
Sales/Revenue/Turnover
-1.18%
4.08%
9.1%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

USD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
789
2025
- -
- -
860
2026
- -
- -
- -

Semi-annual Earnings Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Semi-annual Dividends Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
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Business
Serial System Ltd is a Singapore-based investment holding company primarily engaged in the distribution of electronic components, consumer products, and supply chain management services. Founded in 1988 and headquartered in Singapore, the company operates an extensive distribution network across the Asia-Pacific region, including Singapore, China, Hong Kong, Taiwan, Malaysia, Thailand, Vietnam, Indonesia, the Philippines, India, South Korea, and Japan. The company operates primarily through three main business segments: Electronic Components Distribution, Consumer Products Distribution, and Other Businesses. The Electronic Components Distribution segment distributes active, passive, and electromechanical components, including semiconductors, microcontrollers, memory and storage devices, power management integrated circuits, radio frequency and wireless modules, optoelectronics, connectors, sensors, and discrete components to original equipment manufacturers, original design manufacturers, and electronic manufacturing services providers across the automotive, industrial automation, telecommunications, computing, consumer electronics, and medical device sectors. The Consumer Products Distribution segment distributes fast-moving consumer goods, lifestyle and computing accessories, digital media products, camera accessories, audio devices, and computer peripherals. The Other Businesses segment provides managed print services, supply chain management, warehousing and logistics solutions, contract assembly services, and precision engineering services. In recent corporate developments, Serial System Ltd has undertaken strategic restructuring initiatives to optimize its operating portfolio and focus resources on higher-margin semiconductor verticals, including automotive electronics, electric vehicle powertrains, artificial intelligence infrastructure, renewable energy, and industrial Internet of Things applications. The company has streamlined its distribution lines, expanded supplier partnerships with key Asian and global semiconductor manufacturers, and divested selected non-core equity interests and underperforming consumer product assets to enhance operational efficiency. Additionally, the group continues to enhance its regional logistics infrastructure, strengthen working capital management, and deploy digital supply chain tracking capabilities to mitigate global semiconductor market volatility.