Boustead Projects (AVM.SI) Stock Price

Boustead Projects Price

Delisted·Feb 8, 2024
0.96SGD
Last traded price

Revenue has compounded at 6.2% per year over the past 11 years to 283.98 M SGD. Earnings per share have declined at 1.4% per year over the last 11 years. Boustead Projects's net margin stands at 6.5%, down from 13.1% several years earlier. Boustead Projects currently offers a dividend yield of about 0.73%. The payout ratio is around 12% of earnings.

Boustead Projects stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Boustead Projects over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Boustead Projects stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Boustead Projects's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Boustead Projects Stock Price History
DateBoustead Projects Price
Access this data via the Eulerpool API

Boustead Projects Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2020
426.22 M SGD
33.63 M SGD
22.21 M SGD
Jan 1, 2021
301.41 M SGD
-1.25 M SGD
131.69 M SGD
Jan 1, 2022
339.09 M SGD
-8.47 M SGD
11.34 M SGD
Jan 1, 2023
283.98 M SGD
10.79 M SGD
18.35 M SGD
Jan 1, 2024 (e)
286.03 M SGD
27.07 M SGD
20.57 M SGD
Jan 1, 2025 (e)
291.79 M SGD
27.27 M SGD
22.15 M SGD
Jan 1, 2026 (e)
301.21 M SGD
30.12 M SGD
25.01 M SGD
Jan 1, 2027 (e)
306.34 M SGD
31.87 M SGD
28.51 M SGD

Boustead Projects Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 25, 2026, 12:32 AM
 
REVENUEM SGD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM SGD
EBITM SGD
EBIT MARGIN%
NET INCOMEM SGD
NET INCOME GROWTH%
DIV.SGD
SHARESM
2012201320142015201620172018201920202021202220232024e2025e2026e2027e
147.00256.00209.00255.00255.00228.00169.00234.00426.00301.00339.00283.00286.00291.00301.00306.00
74.15-18.3622.01-10.59-25.8838.4682.05-29.3412.62-16.521.061.753.441.66
25.8524.2224.8822.3522.7525.4434.9120.0911.975.653.838.838.838.838.838.83
38.0062.0052.0057.0058.0058.0059.0047.0051.0017.0013.0025.0025.2725.7126.5927.03
21.0047.0034.0033.0033.0042.0031.0030.0033.00-1.00-8.0010.0027.0027.0030.0031.00
14.2918.3616.2712.9412.9418.4218.3412.827.75-0.33-2.363.539.449.289.9710.13
21.0061.0035.0024.0022.0036.0029.0030.0022.00131.0011.0018.0020.0022.0025.0028.00
190.48-42.62-31.43-8.3363.64-19.443.45-26.67495.45-91.6063.6411.1110.0013.6412.00
0.010.010.010.01
320.00320.00320.00320.00320.00320.00320.00311.50311.47311.25312.47313.26313.26313.26313.26313.26
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Boustead Projects generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Boustead Projects retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Boustead Projects's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Boustead Projects has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Boustead Projects's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Boustead Projects stock margins

The Boustead Projects margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Boustead Projects. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Boustead Projects.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2019
20.21 %
12.90 %
13.06 %
Jan 1, 2020
12.18 %
7.89 %
5.21 %
Jan 1, 2021
5.83 %
-0.41 %
43.69 %
Jan 1, 2022
4.09 %
-2.50 %
3.34 %
Jan 1, 2023
9.14 %
3.80 %
6.46 %
Jan 1, 2024 (e)
9.14 %
9.46 %
7.19 %
Jan 1, 2025 (e)
9.14 %
9.35 %
7.59 %
Jan 1, 2026 (e)
9.14 %
10.00 %
8.30 %

Boustead Projects Stock Revenue, EBIT, Earnings per Share

The Boustead Projects earnings per share therefore indicates how much revenue Boustead Projects has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2019
0.75 SGD
0.10 SGD
0.10 SGD
Jan 1, 2020
1.37 SGD
0.11 SGD
0.07 SGD
Jan 1, 2021
0.97 SGD
-0.00 SGD
0.42 SGD
Jan 1, 2022
1.09 SGD
-0.03 SGD
0.04 SGD
Jan 1, 2023
0.91 SGD
0.03 SGD
0.06 SGD
Jan 1, 2024 (e)
0.91 SGD
0.09 SGD
0.07 SGD
Jan 1, 2025 (e)
0.93 SGD
0.09 SGD
0.07 SGD
Jan 1, 2026 (e)
0.96 SGD
0.10 SGD
0.08 SGD

Boustead Projects business model & stock analysis

Boustead Projects Ltd is a company based in Singapore that specializes in the development and implementation of commercial properties. The company was founded in 1996 and has since become a major player in the real estate market in Southeast Asia. Boustead Projects' business model is based on developing customized real estate solutions for their clients. This includes industrial buildings, warehouses, office buildings, and retail properties. The focus is on tailoring to the needs and requirements of the customers. The company also incorporates the latest technologies such as artificial intelligence, robot-assisted processes, and 3D printing into the planning and implementation of real estate projects. This is aimed at achieving higher efficiency and productivity, as well as lower construction costs and faster construction times. Boustead Projects is divided into three different business segments: design and engineering, construction and engineering, and tripartite leasing. In the design and engineering segment, the company develops tailor-made solutions for its clients. This includes considerations for the property's requirements, including architecture, electrical engineering, and automation. Construction and engineering is one of Boustead Projects' core competencies and involves executing real estate projects on construction sites. The company utilizes modern technologies and methods to optimize construction times and costs while delivering the highest quality. The third business segment, tripartite leasing, offers customers a flexible financing option for new real estate projects. Boustead Projects enters into a lease agreement with a local landowner and then subleases the building to the customer. This option allows customers to reduce the risk and costs associated with constructing a new building. The company has also developed an impressive product line that focuses on the needs of its customers. These include Prime Business Parks, Prime Aerospace Parks, Prime Synapse (Smart-Tech) Parks, and Prime Industrial Business Parks. Prime Business Parks offer customized solutions for companies in need of modern office and commercial spaces. The parks are located in ideal locations and offer a combination of high design standards, efficiency, and sustainability. Prime Aerospace Parks are specifically designed for companies in the aerospace industry and provide state-of-the-art facilities for aircraft and spacecraft production and maintenance. Prime Synapse (Smart-Tech) Parks are geared towards companies specializing in and utilizing new technologies to optimize business processes. These parks feature advanced technologies that are also of interest to global technology companies. Prime Industrial Business Parks are designed for companies in need of customized warehouse and logistics spaces. The parks are located in ideal locations and offer a cutting-edge infrastructure. Over the years, Boustead Projects has become a key player in the real estate market in Southeast Asia. With its expertise in design, engineering, and construction, Boustead Projects offers clients customized real estate projects, enabling companies to achieve their business goals while minimizing the risk and costs associated with constructing new properties.

Boustead Projects SWOT Analysis

Strengths

  • Strong industry reputation and proven track record in project management.
  • Diverse portfolio of successfully completed projects in various sectors.
  • Strategic alliances and partnerships with key stakeholders, enhancing project capabilities.
  • Skilled and experienced workforce focused on delivering quality projects.

Weaknesses

  • Reliance on a limited number of clients may pose a risk to revenue stability.
  • Dependence on external subcontractors for specialized services.
  • Geographical limitations affecting market reach.
  • Limited brand recognition compared to larger competitors.

Opportunities

  • Growing demand for infrastructure projects, particularly in emerging markets.
  • Increased adoption of technology-driven solutions in project management.
  • Expansion into new geographic markets or sectors.
  • Collaboration with government initiatives for urban development and sustainability.

Threats

  • Intense competition from larger and established industry players.
  • Economic uncertainties affecting investment in infrastructure projects.
  • Changes in government regulations and policies impacting project feasibility.
  • Fluctuating raw material prices and potential supply chain disruptions.

Boustead Projects Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Boustead Projects historical P/E ratio, EBIT multiple, and P/S ratio

Boustead Projects annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Boustead Projects shares outstanding

The number of shares of Boustead Projects was 313.26 M in 2025. This indicates how many shares Boustead Projects is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2019
311.50 M Stocks
Jan 1, 2020
311.47 M Stocks
Jan 1, 2021
311.25 M Stocks
Jan 1, 2022
312.47 M Stocks
Jan 1, 2023
313.26 M Stocks
Jan 1, 2024 (e)
313.26 M Stocks
Jan 1, 2025 (e)
313.26 M Stocks
Jan 1, 2026 (e)
313.26 M Stocks

Boustead Projects Dividend History

7 years of dividend payments

YearAnnual DividendYoY ChangePayments
20230.01SGD 250.0%
20220.00SGD 77.8%
20210.01SGD 12.5%
20200.01SGD 46.7%
20190.02SGD 0.0%
20180.02SGD 50.0%
20170.01SGD

Boustead Projects dividend history and estimates

In 2025, Boustead Projects paid a dividend amounting to 0.01 SGD. Dividend means that Boustead Projects distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2019 (e)
0.02 SGD
0.00 SGD
Jan 1, 2020 (e)
0.01 SGD
0.00 SGD
Jan 1, 2021 (e)
0.01 SGD
0.00 SGD
Jan 1, 2022 (e)
0.00 SGD
0.00 SGD
Jan 1, 2023 (e)
0.01 SGD
0.00 SGD
Jan 1, 2024
0.01 SGD
0.00 SGD
Jan 1, 2025 (e)
0.00 SGD
0.01 SGD
Jan 1, 2026 (e)
0.00 SGD
0.01 SGD

Boustead Projects dividend payout ratio

In 2025, Boustead Projects had a payout ratio of 9.90%. The payout ratio indicates the percentage of the company's profits that Boustead Projects distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2019
15.27 %
Jan 1, 2020
11.22 %
Jan 1, 2021
2.13 %
Jan 1, 2022
5.51 %
Jan 1, 2023
11.95 %
Jan 1, 2024 (e)
10.66 %
Jan 1, 2025 (e)
9.90 %
Jan 1, 2026 (e)
8.77 %
Price targets and forecasts for Boustead Projects are not yet available.

Boustead Projects shareholder structure

% Name
75.50458%
Boustead Singapore Ltd
Boustead Singapore Ltd
16.82968%
Wong (Fong Fui)
Wong (Fong Fui)
2.45522%
Bright Assets Enterprises Ltd.
Bright Assets Enterprises Ltd.
0.59136%
Wong (Yu Wei)
Wong (Yu Wei)
0.15961%
Chu (Kok Hong)
Chu (Kok Hong)
0.14719%
Wong (Kar King)
Wong (Kar King)

Boustead Projects Executives and Management Board

KL

Mr. Kok Min Lim

(81)

Chairman of the Board, Independent Non-Executive Director

YW

Mr. Yu Wei Wong

(44)

Executive Deputy Chairman · since 2015

KL

Mr. Keen Meng Lee

(52)

Chief Financial Officer

WL

Mr. Wai Meng Lum

(48)

Chief Operating Officer

KC

Mr. Kok Hong Chu

(50)

Managing Director · since 2009

Boustead Projects Supply Chain

Boustead Projects Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
7 companies
#Name1M3M6M1Y2YTrend
1
-0.86
-0.24
-0.25
-0.20
2
0.94
0.22
0.19
-0.39
3
CSC
Supplier
0.48
0.16
0.53
0.10
4
0.22
0.23
0.73
0.39
5
0.54
0.06
0.41
0.71

Frequently asked questions about Boustead Projects

Boustead Projects Ltd is primarily present in Singapore and other key regions in Southeast Asia. As a leading real estate solutions provider, Boustead Projects Ltd has established a strong presence in Singapore, where it is headquartered. It also operates in various countries within Southeast Asia, including Malaysia, Vietnam, and China. With a track record of delivering innovative industrial real estate solutions, Boustead Projects Ltd continues to expand its footprint in these markets, catering to the growing demand for high-quality industrial spaces.

All fundamentals and in-depth analysis of Boustead Projects

Our stock analysis for Boustead Projects stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Boustead Projects. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.