AP OIL INTERNATIONAL LIMITED (5AU) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of AP OIL INTERNATIONAL LIMITED S$0.26, price S$0.13, upside +108.0%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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AP Oil International Limited, an investment holding company, manufactures and sells lubricating oils and specialty chemicals for industrial, automotive, and marine applications in Singapore, the rest of Southeast Asia, the Middle East, East Asia, the Indian subcontinent, and internationally. It operates through two segments, Manufacturing and Trading.
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AP Oil International Limited, an investment holding company, manufactures and sells lubricating oils and specialty chemicals for industrial, automotive, and marine applications in Singapore, the rest of Southeast Asia, the Middle East, East Asia, the Indian subcontinent, and internationally. It operates through two segments, Manufacturing and Trading. The company offers automotive lubricants, including gasoline and gas engine oils, diesel engine oils, motorcycle engine oils, and specialty lubricants and fluids; and industrial lubricants, such as chain, compressor, industrial gear, gas engine, heat transfer, paper machine, slideway, knitting machine textile, transformer, turbine, and industrial grade white oils, as well as hydraulic fluids and pneumatic tool lubricants. It also provides metal working oils and fluids, such as neat cutting oils, rust preventive fluids, stamping and forming fluids, and water-soluble cutting oils, as well as various greases, marine lubricants, and industrial special oils and fluids. In addition, the company engages in the toll-blending and manufacturing of specialty chemicals; trading in base oils, lubricant components, and commodity chemicals, etc.; provision of oil blending services; manufacture and trading of cleaning and chemical products; rental of cleaning equipment; and wholesale, import, and export of lubricating oils. It sells its products under the AP Oil, SIN-O, and Polaris brands. The company exports its products to approximately 20 countries and regions. The company was formerly known as Huan Chew Oil Trading Pte Ltd. and changed its name to AP Oil International Limited in March 2001. AP Oil International Limited was incorporated in 1975 and is headquartered in Singapore.
Stock analysis
AP OIL INTERNATIONAL LIMITED (5AU) currently trades at 0.1250 SGD, while our model-based Fair Value estimate is 0.2600 SGD, implying the stock looks roughly 51.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.2800 SGD per share, and 20 of the 22 models we run sit above the 0.1250 SGD price.
Bear case: the Earnings-Based group reads lowest at 0.0800 SGD, and 2 of the 22 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
AP OIL INTERNATIONAL LIMITED reported revenue of 56.8M SGD in FY2025 versus 55.6M SGD in FY2021, a compound +0.5%/yr. Reported net income was 1.6M SGD in FY2025, compounding −12.9%/yr from FY2021.
Key figures
Market cap 20.6M SGD (≈ $16.1M) · P/E ratio 12.5 · P/S ratio 0.35 · EPS (TTM) 0.0100 SGD · Dividend yield 4.0% · Net margin 2.8% · Return on equity 2.6% · Return on assets (EBIT) 1.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 22% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −66% fair-value upside, at 108%, 5AU screens cheaper than that median.
Fair Value models
Bear 0.2600 SGDFair Value 0.2600 SGDBull 0.2600 SGD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0038 SGD per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+3.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.1%
Start year 2020 (pandemic). Over 10 years: −4.0% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−3.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.6%
Dividend (yield on the price)4.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 1%
⚠ Revenue per share shrinking 5.8%/yr over ~6Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Compare AP OIL INTERNATIONAL LIMITED with another stock
Price, fair value, quality and upside side by side.
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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.Oil & Gas Refining & Marketing · 105 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+108.0% · Top 25%
Profitability
Return on equity (TTM)2.6% · Bottom 25%
Return on assets0.6% · Bottom 25%
Net margin (TTM)2.6% · Below median
Operating margin (TTM)2.3% · Below median
Growth and dividend
Revenue growth3.3% · Below median
Dividend yield (TTM)4.0% · Above median
Valuation Multiplesvs Oil & Gas Refining & Marketing median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "AP OIL INTERNATIONAL LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/5AU
Frequently asked questions
Is AP OIL INTERNATIONAL LIMITED (5AU) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 0.2600 SGD versus a price of 0.1250 SGD, about +108% upside (undervalued).
What is the fair value of 5AU?
Our model-based fair value for AP OIL INTERNATIONAL LIMITED is 0.2600 SGD (as of Oct 3, 2026), built from audited fundamentals. The current price: 0.1250 SGD.
What is the quality score of 5AU?
AP OIL INTERNATIONAL LIMITED has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for AP OIL INTERNATIONAL LIMITED (5AU)?
Our model-based price target is the fair value of 0.2600 SGD (as of Oct 3, 2026) from 22 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the AP OIL INTERNATIONAL LIMITED stock forecast for 2026?
Our models put fair value at 0.2600 SGD, about +108% upside versus a price of 0.1250 SGD (undervalued). The calculation is refreshed regularly with new filings.
What is the revenue of AP OIL INTERNATIONAL LIMITED (5AU)?
AP OIL INTERNATIONAL LIMITED reported trailing-twelve-month revenue of about 57.7M SGD (latest available figure, as of Oct 3, 2026).
Does AP OIL INTERNATIONAL LIMITED pay a dividend?
AP OIL INTERNATIONAL LIMITED currently shows a dividend yield of about 4.00% relative to its recent price (as of Oct 3, 2026).
What growth is priced into AP OIL INTERNATIONAL LIMITED (5AU)?
For today's price to be fair in a discounted-cash-flow model, AP OIL INTERNATIONAL LIMITED would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.1 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of 5AU use?
Our models discount AP OIL INTERNATIONAL LIMITED at 8.3 %: a base by market capitalisation (nano), damped by beta 0.10, country premium for Singapore. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For AP OIL INTERNATIONAL LIMITED that is less than minus 40 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has AP OIL INTERNATIONAL LIMITED (5AU) delivered so far?
Over the past 5 years revenue at AP OIL INTERNATIONAL LIMITED grew -0.1 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of AP OIL INTERNATIONAL LIMITED (5AU) growing?
The median revenue growth in the sector is +10.1 % a year. That is the yardstick for the growth priced into AP OIL INTERNATIONAL LIMITED (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AP OIL INTERNATIONAL LIMITED (5AU)?
The free-cash-flow yield on the price is 9.71 %: that much free cash flow AP OIL INTERNATIONAL LIMITED produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AP OIL INTERNATIONAL LIMITED (5AU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AP OIL INTERNATIONAL LIMITED it is 0.2600 SGD per share (as of Oct 3, 2026), against a price of 0.1250 SGD. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is AP OIL INTERNATIONAL LIMITED stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 5AU trades below its calculated fair value: price 0.1250 SGD, fair value 0.2600 SGD, a gap of about +108% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 5AU?
No. The price is what the market pays today (0.1250 SGD); the fair value is what the company's own numbers justify (0.2600 SGD). For AP OIL INTERNATIONAL LIMITED the two are 0.1350 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is AP OIL INTERNATIONAL LIMITED worth?
The market values AP OIL INTERNATIONAL LIMITED at about 20.6M SGD (market capitalisation, as of Oct 3, 2026). Per share that is 0.1250 SGD; our models calculate a fair value of 0.2600 SGD per share.
What is the P/E ratio of 5AU?
AP OIL INTERNATIONAL LIMITED trades at a price-to-earnings ratio of 12.5 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.2600 SGD is built from several models across several years. Other multiples: P/B 0.4, P/S 0.4.
How solid is the balance sheet of AP OIL INTERNATIONAL LIMITED (5AU)?
Balance-sheet figures for AP OIL INTERNATIONAL LIMITED (as of Oct 3, 2026): return on equity 2.6%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 5AU from its 52-week high?
AP OIL INTERNATIONAL LIMITED trades at 0.1250 SGD, about 22% below its 52-week high of 0.1609 SGD and 4% above the low of 0.1204 SGD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2600 SGD is for.
Which stocks are comparable to AP OIL INTERNATIONAL LIMITED?
From the same area (Energy) we also value Reliance Industries Limited, Valero Energy Corporation, Marathon Petroleum Corporation, Phillips 66, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AP OIL INTERNATIONAL LIMITED stock attractive at the current price?
The data as of Oct 3, 2026: price 0.1250 SGD, calculated fair value 0.2600 SGD (+108%), Quality Score 63/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 5AU calculated?
We run AP OIL INTERNATIONAL LIMITED through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.2600 SGD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. AP OIL INTERNATIONAL LIMITED currently trades 52 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AP OIL INTERNATIONAL LIMITED (5AU)?
The closing price on Oct 2, 2026 was 0.1250 SGD. Our model-based fair value is 0.2600 SGD, about +108% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AP OIL INTERNATIONAL LIMITED right now?
The price is below even our cautious bear case (0.2600 SGD). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of AP OIL INTERNATIONAL LIMITED
How large is the market capitalisation of AP OIL INTERNATIONAL LIMITED (5AU)?
The market capitalisation of AP OIL INTERNATIONAL LIMITED is 20.6M SGD (≈ $16.1M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of AP OIL INTERNATIONAL LIMITED (5AU)?
The price-to-sales ratio of AP OIL INTERNATIONAL LIMITED is 0.35 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AP OIL INTERNATIONAL LIMITED (5AU)?
Earnings per share at AP OIL INTERNATIONAL LIMITED are 0.0100 SGD (price ÷ EPS = P/E 12.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AP OIL INTERNATIONAL LIMITED (5AU)?
The dividend yield of AP OIL INTERNATIONAL LIMITED is 4.0% (payout 50.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of AP OIL INTERNATIONAL LIMITED (5AU)?
The net margin of AP OIL INTERNATIONAL LIMITED is 2.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of AP OIL INTERNATIONAL LIMITED (5AU)?
The return on equity (ROE) of AP OIL INTERNATIONAL LIMITED is 2.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AP OIL INTERNATIONAL LIMITED (5AU)?
On an EBIT basis the return on assets of AP OIL INTERNATIONAL LIMITED is 1.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of AP OIL INTERNATIONAL LIMITED (5AU)?
The operating margin of AP OIL INTERNATIONAL LIMITED is 2.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AP OIL INTERNATIONAL LIMITED (5AU)?
Revenue at AP OIL INTERNATIONAL LIMITED is growing +3.3% versus a year earlier (3y avg −2.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at AP OIL INTERNATIONAL LIMITED (5AU)?
Earnings per share at AP OIL INTERNATIONAL LIMITED are growing −8.3% versus a year earlier. How much earnings per share grew versus a year earlier.
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