KIM HENG LTD. (5G2) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of KIM HENG LTD. S$0.05, price S$0.07, upside -31.0%, quality 34 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range 0.0637 SGD – 0.1131 SGD · fair‑value band 0.0421 SGD – 0.0490 SGD · the 0.0710 SGD price screens above the 0.0490 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Kim Heng Limited, together with its subsidiaries, provides integrated offshore and marine value chain services in Singapore, Southeast Asia, the Middle East, Taiwan, Europe, and internationally. The company operates in two segments, Offshore Rig Services and Supply Chain Management; and Vessel Sales.
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Kim Heng Limited, together with its subsidiaries, provides integrated offshore and marine value chain services in Singapore, Southeast Asia, the Middle East, Taiwan, Europe, and internationally. The company operates in two segments, Offshore Rig Services and Supply Chain Management; and Vessel Sales. The Offshore Rig Services and Supply Chain Management segment includes freight, chartering, servicing, and repair of vessels; marine engineers, consultants, sub-contractors, and labour supply services; fabrication services; trading in drill pipes and related drilling materials; and services and rental of marine equipment, cranes, and newbuild. The Vessel Sales segment engages in trading of vessels. It also provides offshore rig repair, maintenance and refurbishment, fabrication, vessel newbuilding, and afloat repairs, as well as support new businesses in the renewable energy and marine construction markets; and a fleet of anchor handling tugs, barges, and cranes for sale and rent; and other services, such as maintenance, trading, and sale of heavy equipment. In addition, the company offers repairing and/or docking of ships and various vessels, supply chain and crew management, and heavy-lift equipment; port operating services; undertake ownership, management, and operation of vessels; marine support services; lease, sale, repair, and maintenance and after sale services of cranes and industrial equipment; Chartering of ships, barges and boats with crew; and Building and repairing of ships, tankers, and other ocean-going vessels. and marine construction services. The company was formerly known as Kim Heng Offshore & Marine Holdings Limited and changed its name to Kim Heng Limited in May 2021. Kim Heng Limited was founded in 1968 and is headquartered in Singapore.
Stock analysis
KIM HENG LTD. (5G2) currently trades at 0.0710 SGD, while our model-based Fair Value estimate is 0.0490 SGD, 31.0% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 88/100, which puts the evidence level at low.
Scenario range: 0.0421 SGD (bear) to 0.0490 SGD (bull), the price of 0.0710 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 34/100 (below-average quality), in the Energy sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
KIM HENG LTD. reported revenue of 121M SGD in FY2025 versus 63.2M SGD in FY2021, a compound +17.6%/yr. Reported net income was −8.8M SGD in FY2025.
Key figures
Market cap 58.5M SGD (≈ $45.7M) · P/S ratio 0.48 · EPS (TTM) −0.0100 SGD · Dividend yield 2.6% · Net margin −7.3% · Return on equity −17.9% · Return on assets (EBIT) 3.8% · Operating margin −13.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −34% fair-value upside, at −31%, 5G2 screens cheaper than that median.
Fair Value models
Bear 0.0421 SGDFair Value 0.0490 SGDBull 0.0490 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.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.38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−1.4%
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.
+14.9%
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.
+26.3%
Start year 2020 (pandemic). Over 10 years: +8.9% 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.
+3.0%
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Profit margin (trend) ⓘ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.
−6.0% (2020) → −1.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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 Equipment & Services · 182 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside−31.0% · Below median
Profitability
Return on assets−1.9% · Bottom 25%
Net margin (TTM)−7.3% · Bottom 25%
Operating margin (TTM)−13.6% · Bottom 25%
Growth and dividend
Revenue growth−19.8% · Bottom 25%
Dividend yield (TTM)2.6% · Above median
Balance sheet
Debt / equity0.45× · Above median
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
P/B1.10× · Cheaper than median
P/S (TTM)0.38× · Cheapest 25%
EV/EBITDA20.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 16
FUTURE (revenue growth)0· sector 25
PAST (return on equity)0· sector 28
HEALTH (low debt)78· sector 91
DIVIDEND (yield)51· sector 36
VALUE 0: the price sits above our fair-value range.
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.
As of Sep 27, 2026, our model estimates a fair value of 0.0490 SGD versus a price of 0.0710 SGD, about −31% upside (overvalued).
What is the fair value of 5G2?
Our model-based fair value for KIM HENG LTD. is 0.0490 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 0.0710 SGD.
What is the quality score of 5G2?
KIM HENG LTD. has a Quality Score of 34/100. 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 KIM HENG LTD. (5G2)?
Our model-based price target is the fair value of 0.0490 SGD (as of Sep 27, 2026) from 2 valuation models. Cautious scenario 0.0421 SGD, optimistic scenario 0.0490 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the KIM HENG LTD. stock forecast for 2026?
Our models put fair value at 0.0490 SGD, about −31% upside versus a price of 0.0710 SGD (overvalued). Cautious scenario 0.0421 SGD, optimistic scenario 0.0490 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of KIM HENG LTD. (5G2)?
KIM HENG LTD. reported trailing-twelve-month revenue of about 121M SGD (latest available figure, as of Sep 27, 2026).
Does KIM HENG LTD. pay a dividend?
KIM HENG LTD. currently shows a dividend yield of about 2.56% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of KIM HENG LTD. (5G2)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KIM HENG LTD. it is 0.0490 SGD per share (as of Sep 27, 2026), against a price of 0.0710 SGD. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is KIM HENG LTD. stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 5G2 trades above its calculated fair value: price 0.0710 SGD, fair value 0.0490 SGD, a gap of about −31% (overvalued). 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 5G2?
No. The price is what the market pays today (0.0710 SGD); the fair value is what the company's own numbers justify (0.0490 SGD). For KIM HENG LTD. the two are 0.0220 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is KIM HENG LTD. worth?
The market values KIM HENG LTD. at about 58.5M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.0710 SGD; our models calculate a fair value of 0.0490 SGD per share.
What do the bullish and bearish scenarios say about 5G2?
Our models span a range for KIM HENG LTD.: cautious scenario 0.0421 SGD, base 0.0490 SGD, optimistic 0.0490 SGD per share (as of Sep 27, 2026, price 0.0710 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of KIM HENG LTD. (5G2)?
Balance-sheet figures for KIM HENG LTD. (as of Sep 27, 2026): return on equity −17.9%, debt of 0.45 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is 5G2 from its 52-week high?
KIM HENG LTD. trades at 0.0710 SGD, about 28% below its 52-week high of 0.0990 SGD and 9% above the low of 0.0650 SGD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0490 SGD is for.
Which stocks are comparable to KIM HENG LTD.?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, TechnipFMC plc, Halliburton Company, 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 KIM HENG LTD. stock attractive at the current price?
The data as of Sep 27, 2026: price 0.0710 SGD, calculated fair value 0.0490 SGD (−31%), Quality Score 34/100, from 2 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 5G2 calculated?
We run KIM HENG LTD. through 2 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 0.0490 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. KIM HENG LTD. itself currently trades above fair value. 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 KIM HENG LTD. (5G2)?
The closing price on Oct 2, 2026 was 0.0710 SGD. Our model-based fair value is 0.0490 SGD, about −31% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KIM HENG LTD. right now?
The price sits above even our optimistic bull case (0.0490 SGD). The favourable scenario is already priced in. Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of KIM HENG LTD.
How large is the market capitalisation of KIM HENG LTD. (5G2)?
The market capitalisation of KIM HENG LTD. is 58.5M SGD (≈ $45.7M). 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 KIM HENG LTD. (5G2)?
The price-to-sales ratio of KIM HENG LTD. is 0.48 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of KIM HENG LTD. (5G2)?
Earnings per share at KIM HENG LTD. are −0.0100 SGD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of KIM HENG LTD. (5G2)?
The dividend yield of KIM HENG LTD. is 2.6%. 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 KIM HENG LTD. (5G2)?
The net margin of KIM HENG LTD. is −7.3% (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 KIM HENG LTD. (5G2)?
The return on equity (ROE) of KIM HENG LTD. is −17.9% (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 KIM HENG LTD. (5G2)?
On an EBIT basis the return on assets of KIM HENG LTD. is 3.8% (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 KIM HENG LTD. (5G2)?
The operating margin of KIM HENG LTD. is −13.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KIM HENG LTD. (5G2)?
Revenue at KIM HENG LTD. is growing −19.8% versus a year earlier (3y avg +14.9%). 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 KIM HENG LTD. (5G2)?
Earnings per share at KIM HENG LTD. are growing −71.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does KIM HENG LTD. (5G2) generate?
The free cash flow of KIM HENG LTD. is −662K SGD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does KIM HENG LTD. (5G2) carry?
The net debt of KIM HENG LTD. is 58.6M SGD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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