Guardforce AI Co., Limited GFAI AI

Industrials · Security & Protection Services · Singapore

https://www.guardforceai.com

Guardforce AI Co., Limited engages in the provision of secured logistics services in the Asia Pacific. It operates through Secured Logistics and AI&Robotics Solution Business segments. The company offers cash-in-transit non-dedicated vehicle; cash-in transit dedicated vehicle; ATM management; cash processing; cash center operations; consolidate cash center operations; smart cash solutions; cheque center services; express cash; and coin processing services. It also provides AI agent solutions, robotics solutions, as well as smart retail solutions. In addition, the company is involved in developing web-based AI solutions to help with personalized trip planning; and selling and leasing robots. It serves its products to local commercial banks, chain retailers, coin manufacturing mints, and government authorities. The company was founded in 1982 and is based in Singapore.

Market & Price

Market Cap

$16.56M

Current Price

$0.53

High / Low (52W)

$1.42 / $0.39

Beta

2.72

Valuation

Stock P/E

Industry PE

28.38

Forward P/E

17.67

PEG Ratio

Book Value

$1.40

Price to Book

0.38

P/S

0.47

EV/EBITDA

1.08

Dividend Yield

Profitability & Returns

ROCE

-13.77%

ROE

-16.00%

ROA

-7.63%

Profit Margin

-18.89%

Op Margin

-16.26%

EPS (Latest Qtr)

EPS (TTM)

$-0.24

Balance Sheet & Liquidity

Debt/Equity

0.12

Quick Ratio

4.87

Current Ratio

5.32

Debt

$4.22M

Total Assets

$49.09M

Current Assets

$34.09M

Working Capital

$27.67M

Ownership

Promoter Holding

8.59%

Chg in Prom Hold

FII / Inst Holding

4.02%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$-5.13M

Total Revenue (TTM)

$35.23M

EBITDA

$-4.73M

Free Cash Flow

$1.01M

Operating Cash Flow

$-1.31M

Shares Outstanding

31.25M

Gross Margin

15.00%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

1.23%

Profit 5Y

21.38%

Revenue (YoY)

Earnings (YoY)

PROS

Profit CAGR of 21.4% over 5 years.
Generates positive free cash flow.

CONS

Trading 62.7% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	GFAI Guardforce AI Co., Limited AI	0.53	-	$16.56M	-	-13.77%	-16.00%	1.23%	21.38%
2	CAT Caterpillar Inc. SPX	875.87	43.66	$403.42B	0.69%	19.42%	51.33%	4.38%	9.83%
3	GE GE Aerospace SPX	323.76	40.17	$338.27B	0.58%	11.89%	45.43%	16.32%	195.89%
4	GEV GE Vernova Inc. SPXAI	968.32	28.33	$260.21B	0.21%	6.30%	75.71%	8.68%	92.84%
5	RTX RTX Corporation SPX	179.66	33.64	$241.95B	1.54%	9.41%	11.57%	9.72%	9.01%
6	UNP Union Pacific Corporation SPX	262.64	21.60	$155.93B	2.10%	16.19%	40.69%	-0.49%	0.66%
7	ETN Eaton Corporation plc SPXAI	400.60	39.20	$155.55B	1.10%	16.23%	20.84%	9.77%	18.41%
8	HON Honeywell International Inc. NDXSPX	237.86	38.00	$150.72B	2.00%	13.57%	24.26%	1.82%	-1.62%
9	DE Deere & Company SPX	542.18	30.67	$146.45B	1.20%	12.82%	18.35%	-4.50%	-11.00%

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	33.97M	32.65M	32.64M	35.23M
Cost of Revenue	-	30.20M	28.51M	27.72M	29.95M
Gross Profit	-	3.77M	4.14M	4.92M	5.29M
Operating Expenses	-	16.19M	22.87M	9.55M	11.16M
Operating Income	-	-12.42M	-18.73M	-4.64M	-5.88M
EBITDA	-	-6.44M	-13.74M	-1.52M	-2.59M
Interest Expense	984.84K	1.14M	653.37K	-	-
Pretax Income	-	-18.47M	-28.31M	-6.01M	-5.29M
Tax Provision	-	132.21K	434.32K	-125.92K	-6.39K
Net Income	-	-18.56M	-29.57M	-5.86M	-6.66M
Diluted EPS	-	-14.97	-4.53	-0.53	-0.30

Compounded Sales Growth

5 Years:	1.23%
1 Year:	-

Compounded Profit Growth

5 Years:	21.38%
1 Year:	-

Stock Price Performance

1 Year:	-53.91%
6 Months:	-25.77%
3 Months:	-9.09%
1 Month:	+3.11%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	61.17M	45.81M	44.69M	49.09M
Current Assets	-	35.26M	31.12M	30.85M	34.09M
Cash & Equivalents	-	6.93M	20.24M	21.94M	24.55M
Inventory	-	5.26M	650.16K	387.99K	154.04K
Receivables	-	5.40M	5.63M	5.92M	4.95M
Total Liabilities	-	42.03M	20.66M	12.70M	14.99M
Current Liabilities	-	19.21M	14.01M	6.26M	6.41M
Long Term Debt	6.19M	15.36M	44.41K	-	-
Total Debt	-	28.29M	6.66M	2.61M	4.22M
Total Equity	-	19.19M	25.23M	32.05M	34.15M
Shares Outstanding	-	1.62M	9.83M	17.81M	24.35M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-	-17.37M	-1.60M	-3.33M	-1.31M
Investing Cash Flow	-	-9.41M	-2.13M	200.39K	231.59K
Financing Cash Flow	-	20.94M	17.12M	4.71M	3.30M
Capital Expenditure	-	-7.64M	-2.11M	-299.36K	-347.99K
Free Cash Flow	-	-25.01M	-3.72M	-3.62M	-1.65M
Net Change in Cash	-	-5.83M	13.40M	1.58M	2.23M

Ratios (Annual)

Figures in %.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	11.1%	12.7%	15.1%	15.0%
Operating Margin %	-	-36.6%	-57.4%	-14.2%	-16.7%
Net Margin %	-	-54.7%	-90.6%	-18.0%	-18.9%
ROE %	-	-96.7%	-117.2%	-18.3%	-19.5%
ROCE %	-	-29.6%	-58.9%	-12.1%	-13.8%

Shareholding Pattern

Insiders

8.59%

Institutions

4.02%

Public Float

4.39%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	UBS Group AG	1.95%	610.06K	$323.33K
2	Renaissance Technologies, LLC	1.26%	395.20K	$209.46K
3	Susquehanna International Group, LLP	0.22%	67.64K	$35.85K
4	Xtx Topco Ltd	0.14%	45.05K	$23.88K
5	Great Valley Advisor Group, Inc.	0.12%	36.30K	$19.24K
6	Jane Street Group, LLC	0.12%	37.96K	$20.12K
7	Two Sigma Securities, LLC	0.05%	16.37K	$8.68K
8	Stonex Group Inc.	0.04%	14.01K	$7.42K
9	SBI Securities Co., Ltd.	0.04%	13.54K	$7.17K
10	Sassicaia Capital Advisers, LLC	0.03%	10.00K	$5.30K

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