Added to YB: 2024-10-01
Pitch date: 2024-09-29
TCU.SI [bullish]
Credit Bureau Asia Limited
+44.94%
current return
Author Info
Company Info
Credit Bureau Asia Limited, an investment holding company, provides credit and risk information solutions in Singapore, Malaysia, Cambodia, and Myanmar.
Market Cap
SGD 285.7M
Pitch Price
SGD 0.88
Price Target
N/A
Dividend
3.23%
EV/EBITDA
7.75
P/E
25.88
EV/Sales
4.37
Sector
Professional Services
Category
value
Give Credit Where Credit Is Due - Credit Bureau Asia Limited
TCU.SI: Credit Bureau Asia, Singapore monopoly in credit reports. 96% revenue from Singapore. Asset-light, high ROIC, 100%+ FCF payout. 7.2% revenue CAGR since 2017. Risks: D&B license, complex structure. Growth drivers: loan activity, geographic expansion, new services. 18x P/E vs peers 30x+. Illiquid micro-cap limits institutional ownership.
Read full article (18 min)