Billion Dollar Club (BDC) 2026 Awards Methodology

Financial data sourced from: SGX & Bloomberg & Company Financial Statements

(A) Becoming a member

Listed on the Singapore Exchange (SGX) as at 31st March of the current calendar year (2026);
Not be suspended, under the stock exchange’s watch list or subsequently delisted, prior to the date of The Edge Singapore-BDC Corporate Awards;
Have a market capitalisation of SGD 1 billion or more, based on the amount as at the last trading day of March of the current calendar year (i.e., 31st March for 2026).

(B) Corporate Awards

Highest Returns to Shareholders Over Three (3) Years;
Highest Growth in Profit After Tax Over Three (3) Years Award;
Highest Return on Equity Over Three (3) Years Award;
Overall Sector Award;
Company of the Year Award

(C) Eligibility for awards

Member needs to remain listed throughout the evaluation period.
Member needs to have been listed for at least four (4) calendar years as of the last trading day of March of the current calendar year i.e., 31st March for 2026.
Member needs to have issued its first annual report/annual audited accounts at least four (4) calendar years ago as well as for the financial year ending in the previous calendar year; does not apply to the Returns to Shareholders over Three (3) Years award.
The Edge Singapore may choose not to give any awards in a particular category if scores are relatively low.

(D) Highest Returns to Shareholders Over Three (3) Years Award

Needs to be listed for at least four (4) calendar years as of the last trading day of March of the current calendar year i.e., 31st March for 2026.
Award will be presented to members with the highest Returns to Shareholders CAGR, comprising growth in share price and dividends received and reinvested over the past three (3) years.
The Returns to Shareholders CAGR over the past three (3) years is computed as the percentage change in share price on the last trading day of March of the current year from the share price on the last trading day of March three (3) calendar years ago.
The share prices are adjusted for any rights/bonus issues, distribution of treasury shares, dividend in specie, capital repayment and dividends received and reinvested -- where the entitlement date falls within the specified period.
The share price data is sourced from Bloomberg.

(E) Highest Growth in Profit After Tax Over Three (3) Years Award

Member needs to report a profit before tax; profit after tax and minority interest (PATMI); and net profit throughout the evaluation period.
Companies that make losses (pre-tax and/or after tax) in any of the four (4) financial years under evaluation will not be eligible for the Highest Growth in PAT Over Three (3) Years Award or any other award which requires PAT growth as one of the criterion.
The PAT CAGR over the past three (3) years will be subject to a maximum of 30% per annum. Where the PAT CAGR is negative, it is deemed to be zero.
The PAT CAGR is then subject to the following multiplier:

The multiplier recognises that companies with a larger profit base will find it more challenging to grow their earnings relative to companies with smaller profit base.
PAT CAGR is further subject to a risk-weight factor (RWF) multiplier to recognise consistency in profit delivery every year over the three (3) year period. The RWF multiplier is as follows:

(F) Highest Return on Equity Over Three (3) Years Award

Member needs to report a profit before tax; profit after tax and minority interest (PATMI); and net profit throughout the evaluation period.
Companies that make losses (pre-tax and/or after tax) and have negative shareholders’ funds in any of the four (4) financial years under evaluation will not be eligible for the Highest ROE Over Three (3) Years Award or any other award which requires ROE as one of the criterion.
The ROE over the past three (3) years is computed as the Weighted ROE as follows:
- The ROE for the financial year ended in the last calendar year (i.e., 2025) will carry a weight of 50% of the Weighted ROE over the past three (3) years.
- The ROE for the financial year ended two (2) calendar years ago will carry a weight of 30% of the Weighted ROE over the past three (3) years.
- The ROE for the financial year ended three (3) calendar years ago will carry a weight of 20% of the Weighted ROE over the past three (3) years.
The ROE over the past three (3) financial years has been weighted to recognise the importance of sustainable and improvement in ROE.

(G) Overall Sector A

The Overall Sector Winners will be determined based on the following:

Evaluation Components:
- Returns to Shareholders over three (3) years:
  - The Returns to Shareholders CAGR over three (3) years will carry a weight of 30% of the overall score in determining the Overall Sector Winners.
  - The company that has the highest Returns to Shareholders CAGR over three (3) years, will score the maximum of 30% for the Returns to Shareholders evaluation component of the overall score.
  - The score of all the other companies with positive Returns to Shareholders CAGR over three (3) years will be apportioned equally according to their respective rankings in the distribution, from highest to lowest Returns to Shareholders CAGR over three (3) years.
  - Any company that has a negative Returns to Shareholders CAGR over the three (3) years will score zero for the Returns to Shareholders evaluation component.
- Growth in PAT over three (3) years:
  - The PAT CAGR over the past three (3) years will carry a weight of 40% of the overall score in determining the Overall Sector Winners.
  - The company that has the highest PAT CAGR over the past three (3) years, will score the maximum of 40% for the Growth in PAT evaluation component of the overall score.
  - The scores of all the other companies with positive PAT CAGR over the past three (3) years will be apportioned equally according to their respective rankings in the distribution, from highest to lowest PAT CAGR over the past three (3) years.
  - Any company that has a negative PAT CAGR over the past three (3) years will score zero for the Growth in PAT over the past three (3) years evaluation component.
- Weighted ROE over the past three (3) years:
  - The Weighted ROE over the past three (3) years will carry a weight of 30% of the overall score in determining the Overall Sector Winners.
  - The company that has the highest Weighted ROE over the past three (3) years, will score the maximum of 30% for the Weighted ROE evaluation component of the overall score.
  - The scores of all the other companies with positive Weighted ROE over the past three (3) years will be apportioned equally according to their respective rankings in the distribution, from highest to lowest Weighted ROE over the past three (3) years.
  - Any company that has a negative Weighted ROE over the past three (3) years will score zero for the Weighted ROE over the past three (3) years evaluation component.

(I) Sectors Categories

Sectoral classification is based on SGX’s stock sector classification and market capitalisation.
There is no minimum number of companies required for each category.
There are 13 awardable sector categories in total, as listed below:
- Basic Materials
- Communication Services
- Consumer Cyclical
- Consumer Defensive
- Energy
- Financial Services
- Healthcare
- Industrials
- Real Estate Companies
- Real Estate Investment Trusts (REITs)
- Technology
- Utilities
- Super Big Cap Companies (Top 10% Market Capitalisation)

- Updated as of 17 Apr 2026.

(H) Company of the Year Award

The Company of the Year Award will be presented to the member with the highest overall score across all sectors.

The Overall Sector Award will be presented to members with the highest scores within each sector.