Serial System Ltd

SGX:S69 Stock Report

Market Cap: S$56.1m

Serial System Past Earnings Performance

Past criteria checks 1/6

Serial System's earnings have been declining at an average annual rate of -9.9%, while the Electronic industry saw earnings declining at 3.6% annually. Revenues have been declining at an average rate of 0.9% per year. Serial System's return on equity is 2.8%, and it has net margins of 0.4%.

Key information

-9.88%

Earnings growth rate

-10.03%

EPS growth rate

Electronic Industry Growth5.20%
Revenue growth rate-0.86%
Return on equity2.81%
Net Margin0.42%
Last Earnings Update30 Jun 2026

Recent past performance updates

Recent updates

Analysis Article • Sep 18

Does Serial System (SGX:S69) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Apr 28

There's Been No Shortage Of Growth Recently For Serial System's (SGX:S69) Returns On Capital

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Analysis Article • Dec 06

Serial System (SGX:S69) Hasn't Managed To Accelerate Its Returns

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
Analysis Article • Oct 07

We Think Serial System (SGX:S69) Is Taking Some Risk With Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article • Apr 23

It Looks Like Serial System Ltd's (SGX:S69) CEO May Expect Their Salary To Be Put Under The Microscope

Key Insights Serial System will host its Annual General Meeting on 30th of April CEO Derek Goh's total compensation...
Analysis Article • Apr 08

Serial System (SGX:S69) Has Debt But No Earnings; Should You Worry?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Dec 08

Does Serial System (SGX:S69) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • May 12

These Return Metrics Don't Make Serial System (SGX:S69) Look Too Strong

What financial metrics can indicate to us that a company is maturing or even in decline? Businesses in decline often...
Analysis Article • Feb 25

Serial System (SGX:S69) Seems To Be Using A Lot Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Jan 17

Serial System (SGX:S69) Will Be Hoping To Turn Its Returns On Capital Around

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Analysis Article • Dec 06

Estimating The Intrinsic Value Of Serial System Ltd (SGX:S69)

Does the December share price for Serial System Ltd ( SGX:S69 ) reflect what it's really worth? Today, we will estimate...
Analysis Article • Oct 11

Serial System's (SGX:S69) Returns On Capital Tell Us There Is Reason To Feel Uneasy

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Analysis Article • Apr 04

Serial System (SGX:S69) Will Be Hoping To Turn Its Returns On Capital Around

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Analysis Article • Apr 04

We Think Serial System (SGX:S69) Can Stay On Top Of Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Mar 09

Should You Be Worried About Serial System's (SGX:S69) Returns On Capital?

To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Analysis Article • Feb 10

A Look At Serial System's (SGX:S69) Share Price Returns

While not a mind-blowing move, it is good to see that the Serial System Ltd ( SGX:S69 ) share price has gained 16% in...
Analysis Article • Dec 18

Does Serial System (SGX:S69) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Revenue & Expenses Breakdown

How Serial System makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SGX:S69 Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 269714530
31 Mar 269163520
31 Dec 258602510
30 Sep 258344500
30 Jun 258077500
31 Mar 257984480
31 Dec 247891470
30 Sep 24776-3470
30 Jun 24764-7470
31 Mar 24761-11490
31 Dec 23759-15510
30 Sep 23786-16530
30 Jun 23814-18540
31 Mar 23860-11550
31 Dec 22907-5550
30 Sep 229141550
30 Jun 229206560
31 Mar 229088550
31 Dec 2189611540
30 Sep 2187611510
30 Jun 2185511490
31 Mar 217935450
31 Dec 207310420
30 Sep 20699-2390
30 Jun 20675-2410
31 Mar 207193450
31 Dec 197928480
30 Sep 199438540
30 Jun 191,14416610
31 Mar 191,35216660
31 Dec 181,52718730
30 Sep 181,59018780
30 Jun 181,59911740
31 Mar 181,56412710
31 Dec 171,49210660
30 Sep 171,44713620
30 Jun 171,39814610
31 Mar 171,40314620
31 Dec 161,4035630
30 Sep 161,3872610
30 Jun 161,3620600
31 Mar 161,2931600
31 Dec 151,22211580
30 Sep 151,16015580

Quality Earnings: S69 has high quality earnings.

Growing Profit Margin: S69's current net profit margins (0.4%) are lower than last year (0.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: S69's earnings have declined by 9.9% per year over the past 5 years.

Accelerating Growth: S69's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: S69 had negative earnings growth (-37.5%) over the past year, making it difficult to compare to the Electronic industry average (-2.6%).

Return on Equity

High ROE: S69's Return on Equity (2.8%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/17 12:12
End of Day Share Price 2026/09/17 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Serial System Ltd is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.