AEM Holdings (SGX:AWX) Earnings Rebound And 4.2% Margin Test Bearish Narratives

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AEM Holdings (SGX:AWX) has closed out FY 2025 with fourth quarter revenue of S$111.8 million and net income of S$12.9 million. Its trailing twelve month EPS sits at S$0.054 on revenue of S$399.3 ...

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Its trailing twelve month EPS sits at S$0.054 on revenue of S$399.3 ...</p>\n\n<a href=\"https://simplywall.st/stocks/sg/semiconductors/sgx-awx/aem-holdings-shares/news/aem-holdings-sgxawx-earnings-rebound-and-42-margin-test-bear\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AEM Holdings (SGX:AWX) Earnings Rebound And 4.2% Margin Test Bearish Narratives</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAEM Holdings (SGX:AWX) Earnings Rebound And 4.2% Margin Test Bearish Narratives\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-27 03:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/sg/semiconductors/sgx-awx/aem-holdings-shares/news/aem-holdings-sgxawx-earnings-rebound-and-42-margin-test-bear><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AEM Holdings (SGX:AWX) has closed out FY 2025 with fourth quarter revenue of S$111.8 million and net income of S$12.9 million. Its trailing twelve month EPS sits at S$0.054 on revenue of S$399.3 ...</p>\n\n<a href=\"https://simplywall.st/stocks/sg/semiconductors/sgx-awx/aem-holdings-shares/news/aem-holdings-sgxawx-earnings-rebound-and-42-margin-test-bear\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AEM","symbol_name":"伊格尔矿业","start_time":0,"source_url":"https://simplywall.st/stocks/sg/semiconductors/sgx-awx/aem-holdings-shares/news/aem-holdings-sgxawx-earnings-rebound-and-42-margin-test-bear","article_id":"2614079453","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/8211000-choice2-main-header/1585186947894"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/sg/semiconductors/sgx-awx/aem-holdings-shares/news/aem-holdings-sgxawx-earnings-rebound-and-42-margin-test-bear","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2614079453","pubTimestamp":1772134873,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"AEM Holdings (SGX:AWX) has closed out FY 2025 with fourth quarter revenue of S$111.8 million and net income of S$12.9 million. Its trailing twelve month EPS sits at S$0.054 on revenue of S$399.3 million and net income of S$17.0 million. Over recent quarters the company has reported revenue of S$132.6 million in Q4 2024, S$86.0 million in Q1 2025, S$104.2 million in Q2, S$97.3 million in Q3 and S$111.8 million in Q4 2025, with quarterly net income ranging from a loss of S$0.3 million in Q2...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AEM":"伊格尔矿业","AWX":"Avalon Holdings Corp","AWX.SI":"永科"},"translate_title":"AEM Holdings(SGX：AWX)盈利反弹和4.2%利润率测试看跌叙事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AWX":1.5,"AEM":1.5,"AWX.SI":1.5},"content_text":"AEM Holdings (SGX:AWX) has closed out FY 2025 with fourth quarter revenue of S$111.8 million and net income of S$12.9 million. Its trailing twelve month EPS sits at S$0.054 on revenue of S$399.3 million and net income of S$17.0 million. Over recent quarters the company has reported revenue of S$132.6 million in Q4 2024, S$86.0 million in Q1 2025, S$104.2 million in Q2, S$97.3 million in Q3 and S$111.8 million in Q4 2025, with quarterly net income ranging from a loss of S$0.3 million in Q2 2025 to S$12.9 million in Q4 2025. With trailing net margins at 4.2% and earnings growth considered alongside a mixed multi-year record, investors may view this set of results as an update on how sustainably the business is converting revenue into profit. See our full analysis for AEM Holdings. With the headline numbers on the table, the next step is to see how this earnings profile compares with the widely held narratives around AEM Holdings, and whether the recent results shift that story in a different direction. Curious how numbers become stories that shape markets? Explore Community Narratives SGX:AWX Earnings & Revenue History as at Feb 2026 Advertisement48.2% earnings rebound versus five year slide  Over the last 12 months, AEM Holdings' earnings grew 48.2% with a trailing net profit margin of 4.2%, compared with 3.0% a year earlier, while the longer five year record shows average earnings contraction of 42.4% per year. What stands out against a cautious, bearish angle on earnings volatility is that, even with a five year earnings decline of 42.4% per year, the latest trailing 12 month figures show S$399.3 million in revenue and S$17.0 million in net income, which\n     gives the company a positive profit base today that bears will usually watch closely when they point to that longer history of earnings contraction highlights how the recent 48.2% earnings improvement and 4.2% margin sit beside that multi year decline, which is exactly the tension a cautious investor is likely to focus on.    4.2% margin on S$399.3 million sales  On a trailing 12 month basis to Q4 2025, AEM Holdings generated S$399.3 million of revenue and S$17.0 million of net income, which translates into a 4.2% net margin compared with 3.0% a year earlier. Supporters of a more bullish narrative often point to improving profitability, and the data here shows that\n     net income on a trailing 12 month basis has risen from S$11.4 million to S$17.0 million while margin moved from 3.0% to 4.2%, which heavily supports the view that the business is converting a larger slice of sales into profit quarterly figures within FY 2025 still range from a small loss of S$0.3 million in Q2 2025 to S$12.9 million in Q4 2025, reminding you that even with a higher trailing margin, short term profitability can move around from one quarter to the next.    P/E of 45.8x and DCF fair value gap  The shares trade on a trailing P/E of 45.8x, above the Asian semiconductor industry average of 43.8x and a peer average of 27.4x, while a DCF fair value of S$13.77 sits well above the current share price of S$2.47. What is interesting for bullish investors is that the same dataset showing a premium P/E multiple also compares the S$2.47 share price with a DCF fair value of S$13.77, and that\n     frames a large gap between price and that modelled value at the same time as the market is applying a higher P/E than both industry and peer averages puts more weight on whether the forecast earnings growth of about 35.9% per year and forecast revenue growth of about 14.2% per year actually arrive, because those are the inputs that typically matter most for justifying both the premium P/E and the DCF fair value.    If you want to see how other investors are turning these numbers into a broader story, have a look at Curious how numbers become stories that shape markets? Explore Community Narratives for more context around AEM Holdings' position in the semiconductor test space. Next Steps Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on AEM Holdings's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move. If this mix of cautious and optimistic signals leaves you on the fence, it is worth checking the numbers yourself and deciding how convincing they look to you. To see what the market currently views as the main positives in the story, take a closer look at 3 key rewards. See What Else Is Out There AEM Holdings' earnings story still includes a five year contraction, a thin 4.2% margin and choppy quarterly profits, even with the recent rebound. If that mix of earnings volatility and a premium 45.8x P/E feels uncomfortable, you might prefer the steadier profile in our 326 resilient stocks with low risk scores and see how those companies line up against your risk tolerance today.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}