One-glance verdict
Overvalued
$0.03 our estimate vs market $0.33
969% above our estimate, beyond the bull case
Fundamentals snapshot
Concorde International Group Ltd.
CIGL · NCM · Industrials · Security & Protection Services
Current price
$0.33
52-week range
$0.30 - $0.74
Market cap
$81.29M
Balance sheet
Distressed
-51.09x Concerning
Net debt $3.69M. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
2 Risks
2 rewards · 2 risks
- Reward Revenue grew 18.9% last year.
- Reward Free cash flow was positive in 1/10 years.
- Risk Return on equity was -510.2% last year — the company lost money on shareholders' equity.
- Risk Operating margin compressed from -16.0% to -193.0% over 3 years.
What this company does
Concorde International Group Ltd.
Concorde International Group is a security company in Singapore that provides both human security guards and modern technology like smart cameras to protect commercial and government properties. The company makes money from one-time sales of equipment and from ongoing service contracts for guarding and monitoring. This business model is important because it combines immediate income from installations with more predictable recurring revenue (money that comes in consistently from service contracts), creating a steady flow of business.
How the company got here
Founded in 1997 in Singapore, Concorde International Group started as a security services provider. A key turning point was its shift from traditional security guards to a technology-focused approach, combining personnel with advanced systems. This innovative model, which includes mobile monitoring and integrated technology, has been a core part of its growth. The company recently became publicly traded on the Nasdaq stock exchange to raise money for its expansion plans.
What it actually does
Concorde International Group provides security and building management for other businesses, including commercial, industrial, and government clients in Singapore. Think of them as a company that keeps buildings and properties safe using a mix of trained security officers and modern technology. They install and monitor things like security cameras and access control systems, and also provide mobile patrols that can cover multiple locations. Their goal is to offer a more efficient security solution than just having guards stationed everywhere.
Security Services
This is the company's main business, making up the vast majority of its revenue (the money it brings in from sales). It has two key offerings. The first is "Man-Guarding," which is the traditional service of providing trained security officers for properties. The second, and much larger part, is called "i-Guarding," a technology-based system where mobile patrol vehicles monitor multiple locations, supported by smart technologies like visitor management systems and IoT devices (Internet of Things, which are everyday objects with computing devices in them). Customers, such as schools, factories, and banks, pay for these services through multi-year contracts.
Consultancy and Training
This is a smaller part of Concorde's business. Besides providing direct security, the company also offers its expertise to clients who want to improve their own security and safety knowledge. This can involve advising a business on the best security setup for their property or training their staff on safety procedures. Essentially, companies pay Concorde for their specialized knowledge in the security field.
What management is betting on now
The company is focused on growing by leaning into technology and expanding its reach. A major priority is its recent merger with YOOV, a company specializing in Artificial Intelligence-as-a-Service (AI delivered over the internet), to create a more advanced, AI-powered security system. They are also betting on their mobile-first security model, which uses technology to reduce costs and improve service. Finally, management is planning to expand the company's services into new countries, including Malaysia, Australia, and North America.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value $0.03 vs current price $0.33
Our most-likely fair value is $0.03 a share — about 90.6% below today's price of $0.33, so the stock currently looks expensive (overvalued).
Is it drowning in debt?
Distressed
Net debt $3.7M. Interest coverage -51.1x.
Net debt
$3.69M
Interest coverage
-51.09x
Concorde International Group Ltd.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 4 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
CIGL
BASELINE
Concorde International Group Ltd.
Total debt $5.32M Interest coverage -51.09x This is the baseline the peer rows are being compared against.
Total debt $7.95M Interest coverage -868.72x Neither company has much profit cushion over interest right now.
Total debt $23.16M Interest coverage -0.13x Neither company has much profit cushion over interest right now.
Total debt $598.00K Interest coverage 20.76x This peer still has a real interest-payment cushion, while CIGL does not.
Total debt $41.57M Interest coverage -26.44x Neither company has much profit cushion over interest right now.
Total debt $861.85K Interest coverage -71.19x Neither company has much profit cushion over interest right now.
What you should know
The case for and against CIGL
2 Rewards
2 Risks
Rewards
-
Revenue grew 18.9% last year.
-
Free cash flow was positive in 1/10 years.
Risks
-
Return on equity was -510.2% last year — the company lost money on shareholders' equity.
-
Operating margin compressed from -16.0% to -193.0% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
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P/B
2.47x
P/S
6.52x
EV/EBITDA
-5.25x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
30.8%
Operating margin
-193.0%
Net margin
-122.2%
ROE
-510.2%
ROA
-89.4%
Health
Liquidity and balance-sheet strength
Debt / equity
1.44x
Current ratio
1.28x
Quick ratio
1.25x
Total debt
$5.32M
Total cash
$1.63M
Growth
How the business has been compounding
Revenue TTM
$12.48M
Revenue 5Y CAGR
35.6%
EPS TTM
-0.67
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-3.52M
Free CF TTM
$-3.80M
FCF margin
-30.5%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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