Subscribe

Riverstone Holdings Limited (AP4.SI)

SGD0.86 +0.01 (+0.58%)
SG SES Healthcare Medical - Instruments & Supplies
Address No. 03-14 Da Jin Factory Building 534963
Singapore, SG
CEO Teek Son Wong
IPO 2006-11-20
ISIN SG1U22933048

Explore sections of this company profile

Also trades on Other OTC · REVSF (USD) Stock Exchange of Singapore · AP4.SI (SGD)
Description

Riverstone Holdings Limited, an investment holding company, primarily manufactures and distributes gloves for both cleanroom and healthcare applications from its base in Malaysia. Its extensive cleanroom product line encompasses finger cots, static-shielding and packaging bags, face masks, and wipers. The company also offers a wide array of other consumables, including hairnets, antistatic gloves, conductive latex finger cots, static-dissipative footwear (shoes, safety booties, and shoe covers), cleanroom coveralls, ESD rubber bands, sticky mats and rollers, polyester and microfiber swabs, and specialized cleanroom papers. For the healthcare sector, Riverstone provides various medical products, notably nitrile examination gloves in blue, white, black, and accelerator-free options. In addition to its manufacturing activities, the company trades in latex products and distributes cleanroom supplies. These offerings are sold under the RS brand and are utilized across the hard disk drive, semiconductor, and healthcare industries. With a global presence, Riverstone exports its products to Asia, Europe, and the Americas. Founded in 1989, Riverstone Holdings Limited is headquartered in Singapore and operates as a subsidiary of Raffles Nominees (PTE.) Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
SGD0.86 +0.01 (+0.58%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
5M
Beta
0.79
Float Shares
520.29M
Free Float %
35.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.78% +21.09% +13.38% +17.11% +3.49% +2.30% +21.09% +50.85% -36.88% +100.00% +1,030.16%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
0.86
DCF (Unlevered) 1.74 +102.4%
DCF (Levered) 1.97 +129.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 20% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 4 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
16.53
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Medical - Instruments & Supplies: +7.9%
    -10.7% Q1'26: -14.5% (vs Q1'25)
  • EPS growth Medical - Instruments & Supplies: +16.3%
    -26.3% Q1'26: -27.0% (vs Q1'25)
  • FCF margin FCF growth · Medical - Instruments & Supplies: +27.1%
    +22.4% Q1'26: +29.3% (vs Q1'25)
  • EBIT margin Medical - Instruments & Supplies: +13.5%
    +25.0% Q1'26: +28.9% (vs Q1'25)
  • ROIC Medical - Instruments & Supplies: +6.0%
    +22.3% Q1'26: +23.0% (vs Q1'25)
  • Share dilution Medical - Instruments & Supplies: +0.1%
    -0.1% Q1'26: +0.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Medical - Instruments & Supplies: -0.24×
    0.00× Q1'26: 0.00× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.75) × ERP
WACC = 100% × Ke + 0% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1.73 Current price: 0.86
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
4 EPS Ana.
Dec 2027
4 Rev. Ana.
4 EPS Ana.
Dec 2028
4 Rev. Ana.
4 EPS Ana.
Revenue
560.19M
est: 573.76M (-2.4%)
654.86M
est: 633.74M (+3.3%)
817.44M
est: 844.15M (-3.2%)
921.03M
est: 922.62M (-0.2%)
988.97M
est: 1.00B (-1.2%)
1.83B
est: 1.86B (-1.5%)
3.08B
est: 3.08B (-0.1%)
1.26B
est: 1.28B (-1.5%)
914.78M
est: 3.30B (-72.3%)
1.07B
est: 1.16B (-7.1%)
958.16M
est: 1.02B (-6.2%)
1.04B
975.18M – 1.12B
+1.3% YoY
1.13B
1.02B – 1.26B
+9.0% YoY
1.19B
1.10B – 1.31B
+5.6% YoY
EBITDA
162.25M
est: 259.15M (-37.4%)
159.46M
est: 286.24M (-44.3%)
197.08M
est: 381.28M (-48.3%)
191.80M
est: 416.72M (-54.0%)
206.05M
est: 452.29M (-54.4%)
896.45M
est: 839.04M (+6.8%)
1.91B
est: 1.39B (+37.4%)
479.91M
est: 577.69M (-16.9%)
339.81M
est: 1.38B (-75.4%)
423.63M
est: 482.85M (-12.3%)
308.24M
est: 427.16M (-27.8%)
432.79M
407.66M – 467.64M
+1.3% YoY
471.95M
425.07M – 524.71M
+9.0% YoY
498.18M
458.53M – 546.42M
+5.6% YoY
EBIT
144.36M
est: 233.53M (-38.2%)
138.85M
est: 257.94M (-46.2%)
149.64M
est: 343.58M (-56.4%)
152.02M
est: 375.52M (-59.5%)
158.08M
est: 407.57M (-61.2%)
841.71M
est: 756.08M (+11.3%)
1.86B
est: 1.26B (+48.1%)
417.03M
est: 520.57M (-19.9%)
279.38M
est: 1.20B (-76.8%)
358.73M
est: 421.32M (-14.9%)
239.43M
est: 372.72M (-35.8%)
377.63M
355.70M – 408.04M
+1.3% YoY
411.81M
370.89M – 457.84M
+9.0% YoY
434.69M
400.09M – 476.78M
+5.6% YoY
Net Income
126.55M
est: 117.19M (+8.0%)
120.35M
est: 114.17M (+5.4%)
127.61M
est: 137.35M (-7.1%)
129.69M
est: 134.73M (-3.7%)
130.41M
est: 136.26M (-4.3%)
647.25M
est: 564.78M (+14.6%)
1.42B
est: 1.43B (-0.8%)
314.40M
est: 308.35M (+2.0%)
220.38M
est: 944.37M (-76.7%)
286.93M
est: 301.28M (-4.8%)
200.02M
est: 203.67M (-1.8%)
196.32M
178.56M – 214.07M
-3.6% YoY
217.74M
188.12M – 247.37M
+10.9% YoY
238.83M
197.66M – 280.00M
+9.7% YoY
SGA
37.85M
est: 23.46M (+61.3%)
36.74M
est: 25.91M (+41.8%)
39.94M
est: 34.51M (+15.7%)
37.68M
est: 37.72M (-0.1%)
39.49M
est: 40.94M (-3.5%)
56.44M
est: 75.95M (-25.7%)
76.97M
est: 126.09M (-39.0%)
59.32M
est: 52.29M (+13.4%)
46.69M
est: 149.03M (-68.7%)
54.15M
est: 52.15M (+3.8%)
49.97M
est: 46.13M (+8.3%)
46.74M
44.03M – 50.50M
+1.3% YoY
50.97M
45.91M – 56.67M
+9.0% YoY
53.80M
49.52M – 59.01M
+5.6% YoY
EPS
0.09
est: 0.08 (+8.0%)
0.08
est: 0.08 (+5.4%)
0.09
est: 0.09 (-7.1%)
0.09
est: 0.09 (-3.7%)
0.09
est: 0.09 (-4.3%)
0.44
est: 0.38 (+15.5%)
0.96
est: 0.96 (-0.4%)
0.21
est: 0.21 (+0.9%)
0.15
est: 0.64 (-76.5%)
0.19
est: 0.20 (-5.5%)
0.14
est: 0.14 (+1.0%)
0.13
0.12 – 0.14
-4.6% YoY
0.15
0.13 – 0.17
+13.5% YoY
0.16
0.13 – 0.19
+8.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-11 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-08 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-05-07 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-05-06 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-05-05 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-05-04 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-30 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-29 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-28 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-27 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-24 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-23 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-22 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-21 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-20 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-17 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-16 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
166.73M
OE per share TTM
0.11
Owner's Yield
12.13%
Maintenance CapEx ratio
161.32%
Maint CapEx / Avg PPE
47.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 48 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Xtrackers MSCI Singapore UCITS ETF 1C O9A.SI 0.08% 96.8K 0.50%
2 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.04% 276.2K 0.65%
3 iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF ISFE.L 0.04% 25.6K 0.74%
4 Avantis International Small Cap Equity ETF AVDS 0.03% 110.2K 0.30%
5 iShares International Small-Cap Equity Factor ETF ISCF 0.02% 97.0K 0.24%
6 Schwab International Small-Cap Equity ETF SCHC 0.02% 806.4K 0.06%
7 iShares Currency Hedged MSCI EAFE Small-Cap ETF HSCZ 0.01% 25.1K 0.83%
8 iShares MSCI EAFE Small-Cap ETF SCZ 0.01% 1.51M 0.40%
9 Dimensional - International Small Cap ETF DFIS 0.01% 629.4K 0.39%
10 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.01% 1.38M 0.06%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
79.8K
Shares Outstanding
1.48B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Wai Keong Lee Co-Founder, Chief Operating Officer & Executive Director 516.0K male
Teek Son Wong Co-Founder, Executive Chairman & Chief Executive Officer 187.0K male
Chu Mee Chong Senior Manager & Alternate Director 150.0K female
Sabariah Binti Salleh Senior Quality Assurance Manager & Alternate Director 132.0K female
Lai Yin Chan Company Secretary female
Sing Poew Lim Group General Manager male
Ah Mooi Gan Sales and Customer Service Manager female
Wang Thing Tan Chief Financial Officer female
Francisco Salas Managing Director male
Keat Leong Lee Co-Chief Operating Officer & Senior Sales Manager male
Khor Kuan Ching General Manager of Eco Medi Glove Sdn Bhd female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits