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SUNPOWER GROUP LTD. (5GD) Fair Value & Analysis

Utilities · SG · Market cap 415M SGD

SG SUNPOWER GROUP LTD. 5GD · SG
Price0.5900 SGD
Fair Value1.62 SGD
Upside+174.6%
Quality59/100
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Weak Growth
Thin margins · 9.4% net margin
Moderate debt · generates free cash flow
Ranks above peers (8/12)
Moderate moat 60/100
Evidence: Medium Range 1.02 SGD – 2.20 SGD Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated 4 days ago

Share price +15.7% over the past month.

A solid business, screening 175% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (1.02 SGD). The market is more pessimistic than our downside scenario.
  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (1.02 SGD to 2.20 SGD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

0.8024 SGD 0.1950 SGD Fair Value 1.62 SGD May 2021 Aug 2026

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 0.1950 SGD – 0.8024 SGD · fair‑value band 1.02 SGD – 2.20 SGD · the 0.5900 SGD price screens below the 1.62 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

SUNPOWER GROUP LTD. (5GD) currently trades at 0.5900 SGD, while our model-based Fair Value estimate is 1.62 SGD, implying the stock looks roughly 174.6% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, SUNPOWER GROUP LTD. generated revenue of 3.3B SGD at a net margin of 9.4%. Revenue declined 14.9% year over year. It earns a return on equity of 15.7%. Net debt stands at 3.0B SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1.02 SGD (bear case) to 2.20 SGD (bull case); at 0.5900 SGD, the current price sits below 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 13% below its 52-week high and 168% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -55% fair-value upside, at 175%, 5GD 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.

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. Evidence
Highest evidence
Growth DCF 5.85 SGD 8.36 SGD 11.40 SGD 80
Residual Income 2.57 SGD 2.99 SGD 5.40 SGD 76
Rev-Margin DCF 5.38 SGD 8.95 SGD 12.91 SGD 74
All 23 models by family
DCF Models
FCF DCF 5.75 SGD 8.57 SGD 12.16 SGD 38
Owner Earnings 3.42 SGD 5.33 SGD 7.78 SGD 31
5Y Revenue Exit 5.38 SGD 8.87 SGD 13.20 SGD 39
5Y EBITDA Exit 6.47 SGD 10.86 SGD 15.81 SGD 41
5Y P/E Exit 4.10 SGD 6.55 SGD 9.01 SGD 38
10Y Revenue Exit 5.28 SGD 8.28 SGD 12.04 SGD 36
10Y EBITDA Exit 6.09 SGD 9.51 SGD 13.80 SGD 37
10Y P/E Exit 4.72 SGD 6.83 SGD 9.20 SGD 35
Earnings-Based
Graham-Dodd 2.59 SGD 6.86 SGD 8.96 SGD 54
PEG = 1.0 1.32 SGD 1.89 SGD 2.46 SGD 46
EPV 5.44 SGD 6.40 SGD 7.19 SGD 59
Multiples
P/E Multiple 5.14 SGD 6.86 SGD 8.57 SGD 63
P/S Multiple 4.86 SGD 6.48 SGD 8.09 SGD 58
P/B Multiple 3.85 SGD 5.13 SGD 6.41 SGD 55
EV/EBIT 9.38 SGD 13.03 SGD 16.67 SGD 53
EV/EBITDA 8.17 SGD 11.41 SGD 14.66 SGD 54
EV/Revenue 5.55 SGD 8.60 SGD 11.64 SGD 43
Asset-Based
NCAV (Graham) 1.43 SGD 1.91 SGD 2.85 SGD 50
Growth DCF
Growth DCF 5.85 SGD 8.36 SGD 11.40 SGD 80
Rev-Margin DCF 5.38 SGD 8.95 SGD 12.91 SGD 74
Economic Profit
Residual Income 2.57 SGD 2.99 SGD 5.40 SGD 76
ROIC Compounder 5.73 SGD 7.14 SGD 8.64 SGD 72
Growth Earnings
Growth-Adj P/E 4.09 SGD 5.84 SGD 7.60 SGD 68

Widest divergence: Growth DCF (8.36 SGD) versus Asset-Based (1.91 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.3B SGD
Revenue growth (YoY) -14.9%
Net margin 9.4%
Return on equity 15.7%
Free cash flow 663M SGD FY2025
P/E ratio 9.8
More key figures
Operating margin 23.4%
EPS (TTM) 0.0600 SGD
EPS growth (YoY) +239%
Net debt 3.0B SGD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 55 · Market factors (momentum, volatility) 71

Profitability 36
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 87
Earnings quality: real cash, not paper profit
Fin. Strength 22
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 76
Price trend over the last 3–12 months (market factor)
52W Momentum 91
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Sunpower Group Ltd., an investment holding company, engages in the investment, development, and operation of centralized heat, steam, and electricity generation plants in the People's Republic of China.

Full company description

Sunpower Group Ltd., an investment holding company, engages in the investment, development, and operation of centralized heat, steam, and electricity generation plants in the People's Republic of China. It involves investment in clean energy business; production and supply of heat and electricity; central heating and power generation; thermal production and supply; energy-saving and environmental protection technology research; supply of steam, heat gas, and electricity; provision of steam to industrial enterprises; and sale of electricity. The company also focused on clean energy in economically developed regions and industrial clusters. The company was founded in 1997 and is headquartered in Nanjing, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SUNPOWER GROUP LTD. reported revenue of 3.3B SGD in FY2025 versus 2.9B SGD in FY2021, a compound +3.5%/yr. Reported net income was 313M SGD in FY2025, compounding −21.7%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
3.3B SGD
Latest YoY
−4.8%
Avg. growth/yr (3Y) 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.
−1.1%
Avg. growth/yr (5Y) 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.
−3.8%
Avg. growth/yr (12Y) 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.
+8.2%
Revenue +3.5%/yr
FY21 2.9B SGD
FY22 3.4B SGD
FY23 3.4B SGD
FY24 3.5B SGD
FY25 3.3B SGD
Net income −21.7%/yr
FY21 831M SGD
FY22 139M SGD
FY23 176M SGD
FY24 119M SGD
FY25 313M SGD

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Cite: Fair Value Calculator (2026). "SUNPOWER GROUP LTD. Fair Value". https://www.fairvalue-calculator.com/stock/5GD

Peer Group

Utilities - Independent Power Producers · 76 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.

Quality Score 59 · Top 25%
Fair Value upside +175% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 23% · Top 25%
Revenue growth -15% · Bottom 25%
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.94× · Higher than median

Valuation Multiples vs Utilities - Independent Power Producers median · lower = cheaper

P/E (TTM) 9.8× · Cheaper than median
P/FCF 0.5× · Cheaper than median
PEG 1.43× · Pricier than median

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.

VALUE 100 · sector 18
FUTURE 0 · sector 0
PAST 63 · sector 29
HEALTH 53 · sector 69
DIVIDEND 27 · sector 55

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Utilities - Independent Power Producers stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Constellation Energy Corporation CEG $278.68 $88.09 -68%
Vistra Corp VST $146.68 $50.39 -66%
Adani Power Limited ADANIPOWER ₹206.10 ₹75.57 -63%
CGN Power Co 003816 ¥3.93 ¥2.79 -29%
Gulf Development Public Company GULF 65.00 THB 39.25 THB -40%
NRG Energy, Inc NRG $120.66 $53.91 -55%
Adani Energy Solutions Limited ADANIENSOL ₹1,583 ₹342.02 -78%
Talen Energy Corporation TLN $365.07 $43.55 -88%
Datang International Power Generation Co 601991 ¥6.29 ¥4.95 -21%
Power Assets Holdings 0006 HK$57.30 HK$30.76 -46%

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Frequently asked questions

Is SUNPOWER GROUP LTD. (5GD) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1.62 SGD versus a price of 0.5900 SGD, about +175% (undervalued).
What is the fair value of 5GD?
Our model-based fair value for SUNPOWER GROUP LTD. is 1.62 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.5900 SGD.
What is the quality score of 5GD?
SUNPOWER GROUP LTD. has a Quality Score of 59/100. 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 revenue of SUNPOWER GROUP LTD. (5GD)?
SUNPOWER GROUP LTD. reported trailing-twelve-month revenue of about 3.3B SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 5GD?
The net profit margin of SUNPOWER GROUP LTD. is about 9.4%, meaning it keeps roughly 9.4% of revenue as net income. 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.

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