Singularity Future Technology (NASDAQ:SGLY) and New Century Logistics (BVI) (NASDAQ:NCEW) Financial Comparison

Singularity Future Technology (NASDAQ:SGLY) and New Century Logistics (BVI) (NASDAQ:NCEW) are both small-cap industrials companies, but which is the superior investment? We will contrast the two businesses based on the strength of their earnings, institutional ownership, risk, analyst recommendations, profitability, valuation and dividends.

Insider and Institutional Ownership

4.1% of Singularity Future Technology shares are owned by institutional investors. 10.2% of Singularity Future Technology shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Volatility & Risk

Singularity Future Technology has a beta of 1.6, meaning that its share price is 60% more volatile than the S&P 500. Comparatively, New Century Logistics (BVI) has a beta of -2.79, meaning that its share price is 379% less volatile than the S&P 500.

Valuation and Earnings

This table compares Singularity Future Technology and New Century Logistics (BVI)”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Singularity Future Technology	$1.81 million	1.06	-$3.91 million	($24.79)	-0.26
New Century Logistics (BVI)	$44.08 million	1.25	-$10.67 million	N/A	N/A

Singularity Future Technology has higher earnings, but lower revenue than New Century Logistics (BVI).

Analyst Recommendations

This is a summary of recent recommendations and price targets for Singularity Future Technology and New Century Logistics (BVI), as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Singularity Future Technology	1	0	0	0	1.00
New Century Logistics (BVI)	1	0	0	0	1.00

Profitability

This table compares Singularity Future Technology and New Century Logistics (BVI)’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Singularity Future Technology	-493.25%	-42.68%	-13.00%
New Century Logistics (BVI)	N/A	N/A	N/A

Summary

New Century Logistics (BVI) beats Singularity Future Technology on 5 of the 9 factors compared between the two stocks.

About Singularity Future Technology

Singularity Future Technology Ltd. operates as an integrated logistics solutions provider in China and the United States. It offers freight logistics services, including shipping, transportation, warehouse, collection, last-mile delivery, drop shipping, customs clearance, and overseas transit delivery services. The company is also involved in purchase and sale of crypto mining machines. It serves the steel companies and e-commerce businesses. The company was formerly known as Sino-Global Shipping America, Ltd. and changed its name to Singularity Future Technology Ltd. in January 2022. Singularity Future Technology Ltd. was founded in 2001 and is headquartered in Great Neck, New York.

About New Century Logistics (BVI)

New Century Logistics (BVI) Limited (“NC Logistics”) was incorporated in the BVI on April 24, 2019 with limited liability and is a holding company with no material operations. Our operations are conducted in Hong Kong by our wholly-owned subsidiaries, namely (i) New Century Logistics Company Limited (“NCL (HK)”), a company incorporated in Hong Kong with limited liability, (ii) GLF Cargo Services Limited (“GLF”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK), and (iii) Win-Tec Transportation Company Limited (“Win-Tec”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK). The Company acquired the NCL (HK) on May 10, 2019. NCL (HK) acquired both of GLF and Win-Tec on September 26, 2019. — We are a freight forwarding service provider founded and based in Hong Kong. Our history can be traced back to 2002 when NCL (HK) was incorporated and when it commenced its operation as a freight forwarder in 2004. We provide air and ocean export and import freight forwarding services ranging from the sale of cargo space, cargo pick up, off-airport air cargo security screening, palletization, preparation of shipping documentation, arrangement of customs clearance to cargo handling at ports. Since our inception, we have offered routes to over 140 countries to our customers. The Company is managed and run by a group of professionals with over 20 years of combined expertise in the air and ocean freight industries in Hong Kong. We have a robust network that works closely with well-established agents to manage both incoming and outgoing traffic for all other nations as well. These representatives are handpicked to maintain a uniformly high standard of service for our clients. For the six months ended March 31, 2024, our total revenue was approximately U.S. $25.3 million. For the years ended September 30, 2023 and 2022, our total revenue amounted to approximately U.S.$36.1 million and U.S.$75.2 million, respectively. We derive our revenue mainly from freight forwarding services. In April 2019, we commenced providing our ancillary logistics services such as warehousing and distribution, X-ray, gate charge and palletization. Our warehousing and distribution services include storage, inventory management, stock take, access to warehousing management system, pick and pack, labeling, repackaging, palletization, local/overseas distribution services. In addition, as part of the Reorganization, the Company acquired NCL (HK) (which is principally engaged in the business of freight forwarding services) on May 10, 2019 and NCL (HK) acquired GLF (which is principally engaged in the business of freight forwarding services, currently inactive) and Win-Tec (which is principally engaged in the business of warehousing and distribution services) on September 26, 2019. As a result, each of NCL (HK), GLF and Win-Tec became a wholly-owned subsidiary of the Company. Since the acquisition of Win-Tec, we started to derive revenue from warehousing services and gate charges. Since then, the Company has been offering various warehousing related services such as palletization service, loading and unloading services, standalone air cargo security screening service. Our principal executive offices are located at Office A-E, 33/F, King Palace Plaza, 55 King Yip Street, Kwun Tong, Kowloon, Hong Kong. Our registered office in the British Virgin Islands is at Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands.