ENIGMATIG LIMITED (EGG) AI Stock Analysis
EGG AI stock analysis summary
AI ResearchENIGMATIG LIMITED (EGG) is a Singapore-based provider of consulting, licensing advisory, and corporate secretarial services for financial institutions in Asia. The company generated $2.7M in trailing twelve-month revenue with an operating margin of -191.0%, though its annual revenue grew at a 4-year CAGR of 14.8% between FY2021 and FY2025. It maintains a net cash position of $9.6M and a current ratio of 6.94 as of June 30, 2026.
- Market cap
- $137.5M
- Revenue (TTM)
- $2.7M
- P/E
- —
- 1Y return
- 24.9% S&P 500 16.8%
- Avg. target
- —
Bull case
- The company maintained a solid balance sheet as of June 30, 2026, with $10.2M in cash and short-term investments and net cash of $9.6M.
- Annual revenue expanded at a 4-year CAGR of 14.8% between FY2021 and FY2025, driven by earlier growth to $4.6M in FY2023.
- Gross margin remained strong at 68.0% in FY2025, matching the 68.0% recorded in FY2023.
Bear case
- Revenue dropped 14.7% in FY2025 to $3.4M and contracted 59.1% year-over-year in the quarter ended June 30, 2026.
- The company burned cash in FY2025 with operating cash flow of -$1.3M and free cash flow of -$1.5M.
- EGG trades at a price-to-sales multiple of 50.2x, significantly higher than the US-listed Industrials peer median of 1.5x.
What ENIGMATIG LIMITED does
Headquartered in Singapore and founded in 2010, Enigmatig Limited provides consulting services for financial institutions across Singapore, Hong Kong, and mainland China. Its services include global operations, licensing advisory, and corporate secretarial support such as filing regulatory documents and compiling articles of incorporation. The company delivers ancillary regulatory consultancy, including business plan creation, compliance manual drafting, and assistance in locating office premises or nominating local agents, directors, and compliance officers. It also provides management consultancy, client relationship management software, and fintech services, marketing its offerings primarily through referrals from existing clients and business partners.
Growth and profitability
Revenue grew from $1.9M in FY2021 to $2.8M in FY2022 and peaked at $4.6M in FY2023, delivering a 4-year CAGR of 14.8% through FY2025. However, revenue fell 13.9% in FY2024 to $4.0M and dropped 14.7% in FY2025 to $3.4M. Annual net income reached $1.1M with a net margin of 24.6% in FY2023, before declining to $821,192 in FY2024 and $425,422 in FY2025. Gross margin reached 68.0% in FY2025. For the latest quarter ended June 30, 2026, quarterly revenue fell 59.1% year-over-year, while quarterly earnings grew 858.5%. Trailing twelve-month revenue was $2.7M with an operating margin of -191.0% and diluted earnings per share of -$0.10.
Balance sheet and cash flow
As of June 30, 2026, Enigmatig Limited held $10.2M in cash and short-term investments against total debt of $639,484, resulting in net cash of $9.6M. The company reported a current ratio of 6.94, a debt-to-equity ratio of 0.06, and shareholders' equity of $10.9M out of $13.0M in total assets. Operating cash flow was -$1.3M in FY2025, and free cash flow stood at -$1.5M. In FY2025, capital expenditures totaled $187,078.
Valuation and performance
Enigmatig Limited trades at an enterprise value of $63.5M and a market capitalization of $137.5M. Its price-to-sales multiple is 50.2x, compared with the median of 1.5x for its US-listed Industrials peers. The company has an EV to EBITDA ratio of 79.3x, above the US-listed Industrials peer median of 13.9x. It also trades at a price-to-book multiple of 5.4x and an EV to revenue multiple of 23.2x. Over the past year, the stock returned 24.9%, outperforming the S&P 500 benchmark SPY return of 16.8%.
What analysts expect
There are currently no analyst ratings, consensus earnings estimates, or mean price targets reported for ENIGMATIG LIMITED. The stock closed at $4.91 on October 16, 2026, trading between its 52-week low of $2.04 and 52-week high of $13.07. Without published earnings forecasts or a scheduled next earnings release date, trailing twelve-month revenue stands at $2.7M and earnings per share is -$0.10.
Key risks and what to watch
- Trailing twelve-month operating margin stands at -191.0%, reflecting substantial ongoing operating losses relative to revenue of $2.7M.
- The stock is volatile, having traded between a 52-week low of $2.04 and a 52-week high of $13.07, and sits -12.7% relative to its 200-day average.
- Institutional ownership is 0.0%, while insiders hold 32.6% of shares, which could limit public float liquidity.
- Annual net income declined from $1.1M in FY2023 to $425,422 in FY2025, demonstrating downward earnings momentum.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this EGG AI stock analysis
This page is an AI-written research summary of ENIGMATIG LIMITED (EGG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: EGG income statement, EGG balance sheet, EGG key metrics, EGG chart. See the EGG stock overview for the latest quote and news.
EGG AI stock analysis FAQ
What does ENIGMATIG LIMITED do?
ENIGMATIG LIMITED provides consulting, licensing advisory, corporate secretarial, and fintech support services for financial institutions across Singapore, Hong Kong, and mainland China. Headquartered in Singapore, the firm operated with 27 employees as of its latest reported profile.
Does EGG pay a dividend?
No, EGG does not pay a dividend, and no dividend payments are recorded in its financial reporting.
What is EGG's valuation compared to peers?
EGG trades at a price-to-sales ratio of 50.2x and an EV to EBITDA ratio of 79.3x. Both multiples are elevated compared to its US-listed Industrials peers, which trade at medians of 1.5x and 13.9x, respectively.
How strong is EGG's balance sheet?
As of June 30, 2026, the company held $10.2M in cash and short-term investments against total debt of $639,484, giving it net cash of $9.6M. It also maintained a current ratio of 6.94 and a debt-to-equity ratio of 0.06.