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Vicplas International Ltd (569) Fair Value & Analysis

Healthcare · SG · Market cap 37.8M SGD

VI Vicplas International Ltd 569 · SG
Price0.0740 SGD
Fair Value0.0636 SGD
Upside-14.0%
Quality50/100
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Evidence: Low Range 0.0488 SGD – 0.0784 SGD

Fair value as of: Jul 3, 2026

From 2 valuation models · updated today

Share price −7.5% over the past month.

Price vs Fair Value (12 months)

0.1000 SGD 0.0740 SGD Fair Value 0.0636 SGD Jul 2025 Jul 2026

12‑month range 0.0740 SGD – 0.1000 SGD · fair‑value band 0.0488 SGD – 0.0784 SGD · the 0.0740 SGD price screens above the 0.0636 SGD fair value. As of Jul 3, 2026.

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Analysis

Vicplas International Ltd (569) currently trades at 0.0740 SGD, while our model-based Fair Value estimate is 0.0636 SGD — implying the stock looks roughly 14.0% overvalued today. We read business quality at 50/100 (solid quality), in the Healthcare 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, Vicplas International Ltd generated revenue of 128M SGD at a net margin of -4.7%. Revenue grew 13.1% year over year. It earns a return on equity of -8.4%. Net debt stands at 14.0M SGD. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) 128M SGD
Revenue growth (YoY) +13.1%
Net margin -4.7%
Return on equity -8.4%
Free cash flow −7.8M SGD FY2024
Operating margin -3.1%
More key figures
EPS (TTM) -0.0100 SGD
EPS growth (YoY) +20.1%
Net debt 14.0M SGD FY2024

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Vicplas International Ltd, an investment holding company, engages in the medical devices, and pipes and pipe fittings businesses in Singapore, Malaysia, the People's Republic of China, the United Kingdom, and Mexico. The company manufactures, trades, and distributes piping systems for various industries, including waste and potable water systems for residential homes, schools, and commercial and industrial buildings; underground electrical and internal building wire piping systems; and data and signal line piping systems by telecommunications companies. It also designs, develops, manufactures, and assembles sterile and non-sterile medical devices. Vicplas International Ltd was founded in 1993 and is based in Singapore. Vicplas International Ltd is a subsidiary of Venner Capital S.A.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Vicplas International Ltd reported revenue of 102M SGD in FY2024 versus 88.8M SGD in FY2020, a compound +3.6%/yr. Reported net income was −1.4M SGD in FY2024.

Revenue +3.6%/yr
FY20 88.8M SGD
FY21 114M SGD
FY22 131M SGD
FY23 129M SGD
FY24 102M SGD
Net income
FY20 5.0M SGD
FY21 10.4M SGD
FY22 8.8M SGD
FY23 4.2M SGD
FY24 −1.4M SGD

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Similar stocks

6 more Medical Devices stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABTT34 R$37.76 R$6.34 -83%
Stryker Corporation S1YK34 R$79.18 R$43.78 -45%
Medtronic plc MDT $79.27 $73.33 -7%
Boston Scientific Corporation B1SX34 R$247.01 R$234.82 -5%
Edwards Lifesciences Corporation EW $87.45 $41.02 -53%
Siemens Healthineers AG SHL €34.92 €24.16 -31%

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Frequently asked questions

Is Vicplas International Ltd (569) undervalued?
As of Jul 3, 2026, our model estimates a fair value of 0.0636 SGD versus a price of 0.0740 SGD — about −14% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 569?
Our model-based fair value for Vicplas International Ltd is 0.0636 SGD (as of Jul 3, 2026), built from audited fundamentals. The current price is 0.0740 SGD.
What is the quality score of 569?
Vicplas International Ltd has a Quality Score of 50/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Vicplas International Ltd (569)?
Vicplas International Ltd reported trailing-twelve-month revenue of about 128M SGD (latest available figure, as of Jul 3, 2026).
What is the net profit margin of 569?
The net profit margin of Vicplas International Ltd is about -4.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.