SHS HOLDINGS LTD. (566) Fair Value & Analysis

Industrials · SG · Market cap 72.6M SGD

Below-average quality, currently priced close to our fair value.

What matters now

• The price sits close to our fair value, market and models broadly agree here, little valuation tension.
• Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.1083 SGD – 0.1506 SGD · fair‑value band 0.0800 SGD – 0.1400 SGD · the 0.1210 SGD price screens above the 0.1100 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

SHS HOLDINGS LTD. (566) currently trades at 0.1210 SGD, while our model-based Fair Value estimate is 0.1100 SGD, implying the stock looks roughly 9.1% fairly valued today. The Quality Score stands at 40/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, SHS HOLDINGS LTD. generated revenue of 262M SGD at a net margin of -5.0%. It earns a return on equity of -9.4%. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.0800 SGD (bear case) to 0.1400 SGD (bull case); at 0.1210 SGD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 24% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at -9%, 566 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Asset-Based (0.1500 SGD) versus Multiples (0.1100 SGD). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

SHS Holdings Ltd., an investment holding company, engages in grit blasting and painting activities in Singapore, Malaysia, Vietnam, Indonesia, the People's Republic of China, Australia, and New Zealand.

Full company description

SHS Holdings Ltd., an investment holding company, engages in grit blasting and painting activities in Singapore, Malaysia, Vietnam, Indonesia, the People's Republic of China, Australia, and New Zealand. The Engineering & Construction segment designs, engineers, and constructs steel, aluminium, and glass structures; and offers design and construction services, including major upgrading works. The Corrosion Prevention segment is involved in blasting and coating raw materials, such as steel plates, steel structures comprising beams and pipes, and fabricated modules; and grit blasting and paint coating for internal surfaces of chemical tankers and barges, as well as floating, production, storage, and offload (FPSO) vessels to marine, oil and gas, civil construction, and infrastructure industries. This segment also engages in the on-site blasting and coating of ship or tanker hulls, oil rigs, and FPSO modules or structures; and design, supply, and distribution of corrosion prevention systems, machinery, equipment, materials, and products. The Solar Energy segment engages in the engineering, procurement, and construction of solar power projects; solar power project development; energy-efficient lighting systems; provision of electrical supply and installation services for lightings and induction lamps in commercial and industrial buildings; and design and installation of air conditioning and mechanical ventilation systems for residential, industrial, and commercial users; and engineering and project management for electrical works. The Trading of Commodities segment promotes and sells metals and aluminium-related products. The Others segment provides property development, and investments services. It also trades and manufactures blasting and painting equipment and electrical wiring accessories. The company was formerly known as See Hup Seng Limited and changed its name to SHS Holdings Ltd. in October 2014. SHS Holdings Ltd. was founded in 1971 and is based in Singapore.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SHS HOLDINGS LTD. reported revenue of 262M SGD in FY2025 versus 55.2M SGD in FY2021, a compound +47.6%/yr. Reported net income was −13.1M SGD in FY2025.

Watch 566: get an alert when its fair value changes →

Peer Group

Metal Fabrication · 247 stocks

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.

Valuation Multiples vs Metal Fabrication median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Explore undervalued stocks

More undervalued Industrials stocks →

Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.