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SING HOLDINGS LIMITED (5IC) Fair Value & Analysis

Real Estate · SG · Market cap 246M SGD

SH SING HOLDINGS LIMITED 5IC · SG
Price0.4150 SGD
Fair Value0.5580 SGD
Upside+34.5%
Quality43/100
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Mixed Growth
Solidly profitable · 16.2% net margin
High debt · negative free cash flow
1.63% dividend yield
Ranks above peers (9/14)
Wide moat 74/100
Evidence: High Range 0.3189 SGD – 0.7935 SGD Share as image

Fair value as of: Aug 13, 2026

From 7 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from 0.5575 SGD to 0.5580 SGD (+0.1%) since Aug 9, 2026. Share price −8.8% over the past month.

Below-average quality, screening 34% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
  • A fairly wide model range (0.3189 SGD to 0.7935 SGD) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

75.55 SGD 0.2226 SGD Fair Value 0.5580 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 0.2226 SGD – 75.55 SGD · fair‑value band 0.3189 SGD – 0.7935 SGD · the 0.4150 SGD price screens below the 0.5580 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

SING HOLDINGS LIMITED (5IC) currently trades at 0.4150 SGD, while our model-based Fair Value estimate is 0.5580 SGD, implying the stock looks roughly 34.5% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Real Estate 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: high), always confirm before acting.

Over the trailing twelve months, SING HOLDINGS LIMITED generated revenue of 878M SGD at a net margin of 16.2%. It earns a return on equity of 36.2%. Net debt stands at 1.2B SGD. The stock trades on a trailing P/E of 1.5. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.3189 SGD (bear case) to 0.7935 SGD (bull case); at 0.4150 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. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at 34%, 5IC 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
Residual Income 1.52 SGD 2.11 SGD 11.56 SGD 76
P/S Multiple 3.62 SGD 4.83 SGD 6.03 SGD 58
P/B Multiple 1.38 SGD 1.84 SGD 2.30 SGD 55
All 7 models by family
Multiples
P/S Multiple 3.62 SGD 4.83 SGD 6.03 SGD 58
P/B Multiple 1.38 SGD 1.84 SGD 2.30 SGD 55
EV/EBIT 3.35 SGD 5.23 SGD 7.10 SGD 53
EV/EBITDA 2.08 SGD 3.54 SGD 4.99 SGD 54
EV/Revenue 0.8200 SGD 2.15 SGD 3.49 SGD 43
Asset-Based
NCAV (Graham) 0.4600 SGD 0.6200 SGD 0.9200 SGD 50
Economic Profit
Residual Income 1.52 SGD 2.11 SGD 11.56 SGD 76

Widest divergence: Multiples (3.54 SGD) versus Asset-Based (0.6200 SGD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 878M SGD
Revenue growth (YoY) +8,455%
Net margin 16.2%
Return on equity 36.2%
Free cash flow −1.0B SGD FY2025
P/E ratio 1.5
More key figures
Operating margin 19.4%
EPS (TTM) 0.2800 SGD
Dividend yield 1.6%
EPS growth (YoY) +1,737%
Net debt 1.2B SGD FY2025

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

Quality Score breakdown

Overall quality 43/100

Of which business quality 37 · Market factors (momentum, volatility) 43

Profitability 55
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 44
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 40
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

Sing Holdings Limited, an investment holding company, engages in property development and investment activities in Singapore and Australia. It operates in two segments, Property Development and Property Investment.

Full company description

Sing Holdings Limited, an investment holding company, engages in property development and investment activities in Singapore and Australia. It operates in two segments, Property Development and Property Investment. The company develops and sells residential, commercial, and industrial properties; owns and leases investment properties; and owns a limited-service hotel. Sing Holdings Limited was incorporated in 1964 and is based in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SING HOLDINGS LIMITED reported revenue of 878M SGD in FY2025 versus 122M SGD in FY2021, a compound +63.9%/yr. Reported net income was 142M SGD in FY2025, compounding +95.0%/yr from FY2021.

Growth Quality 60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
878M SGD
Latest YoY
+5,767.7%
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.
+142.0%
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.
+38.4%
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.
+11.9%
Revenue +63.9%/yr
FY21 122M SGD
FY22 62.0M SGD
FY23 5.8M SGD
FY24 15.0M SGD
FY25 878M SGD
Net income +95.0%/yr
FY21 9.8M SGD
FY22 10.8M SGD
FY23 8.0M SGD
FY24 9.8M SGD
FY25 142M SGD

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Cite: Fair Value Calculator (2026). "SING HOLDINGS LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/5IC

Peer Group

Real Estate Services · 530 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 42 · Bottom 25%
Fair Value upside +35% · Above median
Return on equity (TTM) 36% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 16% · Above median
Operating margin (TTM) 19% · Below median
Revenue growth 8455% · Top 25%
Dividend yield (TTM) 1.6% · Below median
Debt / equity 2.53× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 1.5× · Cheaper than 75% of peers
P/B 0.42× · Cheaper than median
P/S (TTM) 0.22× · Cheaper than 75% of peers
EV/EBITDA 7.8× · Cheaper than median
PEG 1.54× · 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 80 · sector 34
FUTURE 100 · sector 10
PAST 100 · sector 16
HEALTH 0 · sector 84
DIVIDEND 33 · sector 59

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 Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Plaza S.A MALLPLAZA 3,989 CLP 4,571 CLP +15%
PT Solusi Tunas Pratama Tbk SUPR 43,850 IDR 15,049 IDR -66%
Cencosud Shopping S.A CENCOMALLS 2,412 CLP 2,976 CLP +23%
PT Sarana Menara Nusantara Tbk. owns and TOWR 392.00 IDR 1,012 IDR +158%
PT Metropolitan Kentjana Tbk MKPI 22,000 IDR 19,160 IDR -13%
PT Bangun Kosambi Sukses Tbk, CBDK 3,610 IDR 3,464 IDR -4%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 2,990 ARS +20%
PT Plaza Indonesia Realty Tbk PLIN 2,510 IDR 2,698 IDR +7%
PT MNC Tourism Indonesia Tbk, KPIG 74.00 IDR 122.12 IDR +65%
PT Indonesian Paradise Property Tbk INPP 770.00 IDR 291.52 IDR -62%

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Frequently asked questions

Is SING HOLDINGS LIMITED (5IC) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.5580 SGD versus a price of 0.4150 SGD, about +34% (undervalued).
What is the fair value of 5IC?
Our model-based fair value for SING HOLDINGS LIMITED is 0.5580 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.4150 SGD.
What is the quality score of 5IC?
SING HOLDINGS LIMITED has a Quality Score of 43/100. 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 SING HOLDINGS LIMITED (5IC)?
SING HOLDINGS LIMITED reported trailing-twelve-month revenue of about 878M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 5IC?
The net profit margin of SING HOLDINGS LIMITED is about 16.2%, meaning it keeps roughly 16.2% of revenue as net income. Based on the latest reported figures.
Does SING HOLDINGS LIMITED pay a dividend?
SING HOLDINGS LIMITED currently shows a dividend yield of about 1.63% relative to its recent price (as of Aug 13, 2026).

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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