BRC ASIA LIMITED (BEC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of BRC ASIA LIMITED stock S$3.07, price S$4.16, that is 26.1% below the price, quality 69 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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BRC ASIA LIMITED
BEC · SGOur calculation puts a fair price 26% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 0.9660 SGD – 4.80 SGD · fair‑value band 2.15 SGD – 3.99 SGD · the 4.16 SGD price screens above the 3.07 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Company profile
BRC Asia Limited, together with its subsidiaries, engages in the prefabrication of steel reinforcement for use in concrete in Singapore, Australia, Brunei, Hong Kong, Indonesia, Malaysia, Thailand, India, and internationally.
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It operates through three segments: Fabrication and Manufacturing, Trading, and Others. The company is involved in the trading of steel reinforcing bars; and manufacture and sale of wire mesh fences.
It also provides reinforcing steel products; and weld fences, cages, wires, and rebars, hard-drawn wires, as well as prefabrication, cut, and bend services. BRC Asia Limited was incorporated in 1938 and is based in Singapore. BRC Asia Limited is a subsidiary of Green Esteel Pte. Ltd.
Stock analysis
BRC ASIA LIMITED (BEC) currently trades at 4.16 SGD, while our model-based Fair Value estimate is 3.07 SGD, 26% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 9.05 SGD per share, and 21 of the 26 models we run sit above the 4.16 SGD price.
Bear case: the Asset-Based group reads lowest at 1.29 SGD, and 5 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 2.15 SGD (bear) to 3.99 SGD (bull), the price of 4.16 SGD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 69/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
BRC ASIA LIMITED reported revenue of 1.6B SGD in FY2025 versus 1.2B SGD in FY2021, a compound +7.4%/yr. Reported net income was 94.3M SGD in FY2025, compounding +19.0%/yr from FY2021.
Key figures
Market cap 1.1B SGD (≈ $891M) Small · P/E ratio 10.9 · P/S ratio 0.65 · EPS (TTM) 0.3800 SGD · Dividend yield 3.6% · Net margin 5.9% · Return on equity 20.3% · Return on assets (EBIT) 10.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (medium confidence).
What moves the price
The share trades about 13% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −34% fair-value upside, at −26%, BEC screens cheaper than that median.
Fair Value models
All 26 models by family
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
BEC screens overvalued: fair value 26% below the price. Compare with Nucor Corporation →
Compare BRC ASIA LIMITED with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Steel · 410 stocks
Valuation Multiplesvs Steel median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- PEG ratio by industry
- Revenue growth by industry
- Piotroski F-Score screener with fair value
- Valuation of the Singapore market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Baoshan Iron & Steel Co 600019 | ¥6.11 | ¥8.07 | +32% | vs BEC |
| POSCO Holdings 005490 | 265,000 KRW | 240,001 KRW | −9% | vs BEC |
| Tata Steel Limited TATASTEEL | ₹186.30 | ₹148.06 | −21% | vs BEC |
| JSW Steel Limited JSWSTEEL | ₹1,357 | ₹1,029 | −24% | vs BEC |
| ArcelorMittal S.A MT | €54.82 | €36.18 | −34% | vs BEC |
| Reliance, Inc RS | $417.00 | $211.54 | −49% | vs BEC |
| Nucor Corporation NUE | $244.97 | $116.49 | −52% | vs BEC |
| Jindal Steel Limited JINDALSTEL | ₹1,165 | ₹516.03 | −56% | vs BEC |
| Steel Dynamics, Inc STLD | $222.90 | $89.54 | −60% | vs BEC |
| Inner Mongolia Baotou Steel Union Co 600010 | ¥1.99 | ¥0.5400 | −73% | vs BEC |
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Key figures of BRC ASIA LIMITED
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