SING HOLDINGS LIMITED (5IC) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of SING HOLDINGS LIMITED S$0.99, price S$0.40, upside +150.1%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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.
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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.
Stock analysis
SING HOLDINGS LIMITED (5IC) currently trades at 0.3950 SGD, while our model-based Fair Value estimate is 0.9880 SGD, implying the stock looks roughly 60.0% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 3.54 SGD per share, and 7 of the 7 models we run sit above the 0.3950 SGD price.
Bear case: the Asset-Based group reads lowest at 0.6200 SGD, and 0 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.6650 SGD (bear) to 2.14 SGD (bull), the price of 0.3950 SGD sits below 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 42/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap 198M SGD (≈ $155M) · P/E ratio 1.4 · P/S ratio 0.23 · EPS (TTM) 0.2800 SGD · Dividend yield 2.0% · Net margin 16.2% · Return on equity 36.0% · Return on assets (EBIT) 3.1%.
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 37% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at 150%, 5IC screens cheaper than that median.
Fair Value models
Bear 0.6650 SGDFair Value 0.9880 SGDBull 2.14 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 (0.2049 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.60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+5,767.7%
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.
+142.0%
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.
+38.4%
Start year 2020 (pandemic). Over 10 years: +12.8% 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.
+11.9%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−5.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.3%
Dividend (yield on the price)2.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.47.0% vs 15.8%, picking up
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.22% → 20%
2025 sits 1,329% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 23.2%/yr over ~7Y (margins intact) ⓘ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.
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.Real Estate Services · 526 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside+150.1% · Top 25%
Profitability
Return on equity (TTM)36.0% · Top 25%
Return on assets8.0% · Top 25%
Net margin (TTM)15.8% · Above median
Operating margin (TTM)12.3% · Below median
Growth and dividend
Revenue growth−46.0% · Bottom 25%
Dividend yield (TTM)2.0% · Below median
Balance sheet
Debt / equity2.53× · Highest 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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Is SING HOLDINGS LIMITED (5IC) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 0.9880 SGD versus a price of 0.3950 SGD, about +150% upside (undervalued).
What is the fair value of 5IC?
Our model-based fair value for SING HOLDINGS LIMITED is 0.9880 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 0.3950 SGD.
What is the quality score of 5IC?
SING HOLDINGS LIMITED has a Quality Score of 42/100. 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 SING HOLDINGS LIMITED (5IC)?
Our model-based price target is the fair value of 0.9880 SGD (as of Sep 27, 2026) from 7 valuation models. Cautious scenario 0.6650 SGD, optimistic scenario 2.14 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the SING HOLDINGS LIMITED stock forecast for 2026?
Our models put fair value at 0.9880 SGD, about +150% upside versus a price of 0.3950 SGD (undervalued). Cautious scenario 0.6650 SGD, optimistic scenario 2.14 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of SING HOLDINGS LIMITED (5IC)?
SING HOLDINGS LIMITED reported trailing-twelve-month revenue of about 875M SGD (latest available figure, as of Sep 27, 2026).
Does SING HOLDINGS LIMITED pay a dividend?
SING HOLDINGS LIMITED currently shows a dividend yield of about 2.03% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of SING HOLDINGS LIMITED (5IC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SING HOLDINGS LIMITED it is 0.9880 SGD per share (as of Sep 27, 2026), against a price of 0.3950 SGD. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is SING HOLDINGS LIMITED stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 5IC trades below its calculated fair value: price 0.3950 SGD, fair value 0.9880 SGD, a gap of about +150% (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 5IC?
No. The price is what the market pays today (0.3950 SGD); the fair value is what the company's own numbers justify (0.9880 SGD). For SING HOLDINGS LIMITED the two are 0.5930 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is SING HOLDINGS LIMITED worth?
The market values SING HOLDINGS LIMITED at about 198M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.3950 SGD; our models calculate a fair value of 0.9880 SGD per share.
What do the bullish and bearish scenarios say about 5IC?
Our models span a range for SING HOLDINGS LIMITED: cautious scenario 0.6650 SGD, base 0.9880 SGD, optimistic 2.14 SGD per share (as of Sep 27, 2026, price 0.3950 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5IC?
SING HOLDINGS LIMITED trades at a price-to-earnings ratio of 1.4 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.9880 SGD is built from several models across several years. Other multiples: PEG 1.5, P/B 0.4, P/S 0.2, EV/EBITDA 7.9.
What is the PEG ratio of 5IC?
The PEG ratio of SING HOLDINGS LIMITED is 1.54 (P/E divided by earnings growth, as of Sep 27, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of SING HOLDINGS LIMITED (5IC)?
Balance-sheet figures for SING HOLDINGS LIMITED (as of Sep 27, 2026): return on equity 36.0%, debt of 2.53 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 5IC from its 52-week high?
SING HOLDINGS LIMITED trades at 0.3950 SGD, about 37% below its 52-week high of 0.6308 SGD and 17% above the low of 0.3379 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 0.9880 SGD is for.
Which stocks are comparable to SING HOLDINGS LIMITED?
From the same area (Real Estate) we also value CBRE Group, KE Holdings, Swire Properties Limited, Cellnex Telecom, S.A, 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 SING HOLDINGS LIMITED stock attractive at the current price?
The data as of Sep 27, 2026: price 0.3950 SGD, calculated fair value 0.9880 SGD (+150%), Quality Score 42/100, from 7 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 5IC calculated?
We run SING HOLDINGS LIMITED through 7 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 0.9880 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. SING HOLDINGS LIMITED currently trades 60 % 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 SING HOLDINGS LIMITED (5IC)?
The closing price on Oct 1, 2026 was 0.3950 SGD. Our model-based fair value is 0.9880 SGD, about +150% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SING HOLDINGS LIMITED right now?
The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (0.6650 SGD). The market is more pessimistic than our downside scenario. The model range is unusually wide (0.6650 SGD to 2.14 SGD). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 SING HOLDINGS LIMITED
How large is the market capitalisation of SING HOLDINGS LIMITED (5IC)?
The market capitalisation of SING HOLDINGS LIMITED is 198M SGD (≈ $155M). 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 SING HOLDINGS LIMITED (5IC)?
The price-to-sales ratio of SING HOLDINGS LIMITED is 0.23 (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 SING HOLDINGS LIMITED (5IC)?
Earnings per share at SING HOLDINGS LIMITED are 0.2800 SGD (price ÷ EPS = P/E 1.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SING HOLDINGS LIMITED (5IC)?
The dividend yield of SING HOLDINGS LIMITED is 2.0% (payout 2.9%). 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 SING HOLDINGS LIMITED (5IC)?
The net margin of SING HOLDINGS LIMITED is 16.2% (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 SING HOLDINGS LIMITED (5IC)?
The return on equity (ROE) of SING HOLDINGS LIMITED is 36.0% (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 SING HOLDINGS LIMITED (5IC)?
On an EBIT basis the return on assets of SING HOLDINGS LIMITED is 3.1% (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 SING HOLDINGS LIMITED (5IC)?
The operating margin of SING HOLDINGS LIMITED is 12.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SING HOLDINGS LIMITED (5IC)?
Revenue at SING HOLDINGS LIMITED is growing −46.0% versus a year earlier (3y avg +142%). 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 SING HOLDINGS LIMITED (5IC)?
Earnings per share at SING HOLDINGS LIMITED are growing −95.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SING HOLDINGS LIMITED (5IC) generate?
The free cash flow of SING HOLDINGS LIMITED is −1.0B 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 SING HOLDINGS LIMITED (5IC) carry?
The net debt of SING HOLDINGS LIMITED is 1.2B 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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