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NATURAL COOL HOLDINGS LIMITED (5IF) Fair Value & Analysis

Industrials · SG · Market cap 19.5M SGD

NC NATURAL COOL HOLDINGS LIMITED 5IF · SG
Price0.0770 SGD
Fair Value0.1255 SGD
Upside+63.0%
Quality64/100
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Healthy Growth
Thin margins · 1.1% net margin
Moderate debt · generates free cash flow
5.13% dividend yield
Ranks above peers (11/14)
Narrow moat 30/100
Evidence: High Range 0.0947 SGD – 0.1486 SGD Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from 0.1246 SGD to 0.1255 SGD (+0.7%) since Aug 8, 2026. Share price −1.3% over the past month.

A solid business, screening 63% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.0947 SGD). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

0.0977 SGD 0.0171 SGD Fair Value 0.1255 SGD Apr 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 0.0171 SGD – 0.0977 SGD · fair‑value band 0.0947 SGD – 0.1486 SGD · the 0.0770 SGD price screens below the 0.1255 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

NATURAL COOL HOLDINGS LIMITED (5IF) currently trades at 0.0770 SGD, while our model-based Fair Value estimate is 0.1255 SGD, implying the stock looks roughly 63.0% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Industrials 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, NATURAL COOL HOLDINGS LIMITED generated revenue of 149M SGD at a net margin of 1.1%. Revenue grew 12.8% year over year. It earns a return on equity of 11.5%. Net debt stands at 9.5M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.0947 SGD (bear case) to 0.1486 SGD (bull case); at 0.0770 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 25% below its 52-week high and 180% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -60% fair-value upside, at 63%, 5IF 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 0.3600 SGD 0.4400 SGD 0.5500 SGD 80
Residual Income 0.0500 SGD 0.0600 SGD 0.0600 SGD 76
Rev-Margin DCF 0.2400 SGD 0.3200 SGD 0.4200 SGD 74
All 22 models by family
DCF Models
FCF DCF 0.3500 SGD 0.4400 SGD 0.5700 SGD 38
Owner Earnings 0.1300 SGD 0.1700 SGD 0.2200 SGD 31
5Y Revenue Exit 0.2400 SGD 0.3100 SGD 0.4100 SGD 39
5Y EBITDA Exit 0.3100 SGD 0.4300 SGD 0.5800 SGD 41
5Y P/E Exit 0.2000 SGD 0.2500 SGD 0.3000 SGD 38
10Y Revenue Exit 0.2900 SGD 0.3500 SGD 0.4200 SGD 36
10Y EBITDA Exit 0.3200 SGD 0.4100 SGD 0.5100 SGD 37
10Y P/E Exit 0.2700 SGD 0.3100 SGD 0.3500 SGD 35
Earnings-Based
Graham-Dodd 0.0400 SGD 0.0800 SGD 0.1000 SGD 54
EPV 0.1100 SGD 0.1200 SGD 0.1400 SGD 59
Multiples
P/E Multiple 0.1000 SGD 0.1400 SGD 0.1700 SGD 63
P/S Multiple 0.0800 SGD 0.1100 SGD 0.1400 SGD 58
P/B Multiple 0.0800 SGD 0.1100 SGD 0.1400 SGD 55
EV/EBIT 0.2300 SGD 0.3100 SGD 0.4000 SGD 53
EV/EBITDA 0.3100 SGD 0.4200 SGD 0.5300 SGD 54
EV/Revenue 0.1600 SGD 0.2400 SGD 0.3100 SGD 43
Asset-Based
NCAV (Graham) 0.0300 SGD 0.0400 SGD 0.0700 SGD 50
Growth DCF
Growth DCF 0.3600 SGD 0.4400 SGD 0.5500 SGD 80
Rev-Margin DCF 0.2400 SGD 0.3200 SGD 0.4200 SGD 74
Economic Profit
Residual Income 0.0500 SGD 0.0600 SGD 0.0600 SGD 76
ROIC Compounder 0.1100 SGD 0.1300 SGD 0.1500 SGD 72
Growth Earnings
Growth-Adj P/E 0.0700 SGD 0.1000 SGD 0.1300 SGD 68

Widest divergence: Growth DCF (0.3200 SGD) versus Asset-Based (0.0400 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 149M SGD
Revenue growth (YoY) +12.8%
Net margin 1.1%
Return on equity 11.5%
Free cash flow 12.1M SGD FY2025
P/E ratio 7.7
More key figures
Operating margin 3.1%
EPS (TTM) 0.0100 SGD
Dividend yield 5.1%
EPS growth (YoY) -34.0%
Net debt 9.5M SGD FY2025

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

Quality Score breakdown

Overall quality 64/100

Of which business quality 62 · Market factors (momentum, volatility) 81

Profitability 51
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 82
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

Natural Cool Holdings Limited, an investment holding company, provides installation, maintenance, repair, and replacement services for air-conditioning systems in Singapore. It operates through four segments: Aircon and Engineering, Paint and Coatings, Food and Beverages, and Technology.

Full company description

Natural Cool Holdings Limited, an investment holding company, provides installation, maintenance, repair, and replacement services for air-conditioning systems in Singapore. It operates through four segments: Aircon and Engineering, Paint and Coatings, Food and Beverages, and Technology. The company offers installation services for commercial air-conditioning systems and mechanical ventilation (ACMV); plumbing and sanitary works; maintenance services, such as inspection, replacement, and cleaning of air-conditioning and ventilation systems; and trades in air-conditioning units and spare parts. It also provides mechanical and electrical, and fire protection system installation services; designs and installs high containment facilities and laboratory ACMV; and sources and distributes ACMV equipment, spare parts and accessories. In addition, the company manufactures and trades in paints and basic chemicals, including enamel coatings, epoxy coatings, PU coatings, and solvents principally under the Cougar brand name. Further, it engages in the manufacture, distribution, and retail of cooked snack food products, including dim sum products, cakes, and traditional Chinese dumplings; and operates stalls, restaurants, and food and beverages retail outlets. Additionally, the company leases properties; installs building automated systems for remote monitoring, as well as communications systems on trains; provides environmental, and mechanical and electrical engineering services; and engages in the plumbing and sanitary works. Natural Cool Holdings Limited was founded in 1989 and is based in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NATURAL COOL HOLDINGS LIMITED reported revenue of 149M SGD in FY2025 versus 148M SGD in FY2021, a compound +0.2%/yr. Reported net income was 1.6M SGD in FY2025.

Growth Quality 67/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
149M SGD
Latest YoY
+6.2%
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.
−0.1%
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.
+4.4%
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.
−0.3%
Revenue +0.2%/yr
FY21 148M SGD
FY22 150M SGD
FY23 144M SGD
FY24 141M SGD
FY25 149M SGD
Net income
FY21 −5.7M SGD
FY22 1.4M SGD
FY23 607K SGD
FY24 1.5M SGD
FY25 1.6M SGD

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

Peer Group

Building Products & Equipment · 246 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 64 · Top 25%
Fair Value upside +69% · Top 25%
Return on equity (TTM) 12% · Above median
Return on assets 3% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 13% · Top 25%
Dividend yield (TTM) 5.1% · Top 25%
Debt / equity 0.87× · Higher than 75% of peers

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 7.7× · Cheaper than 75% of peers
P/B 0.92× · Cheaper than median
P/S (TTM) 0.10× · Cheaper than 75% of peers
P/FCF 1.3× · Cheaper than median
EV/EBITDA 3.3× · Cheaper than 75% of peers

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 0
FUTURE 64 · sector 11
PAST 46 · sector 23
HEALTH 57 · sector 94
DIVIDEND 100 · sector 41

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 Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $480.20 $208.50 -57%
Johnson Controls International plc JCI $152.79 $44.75 -71%
Carrier Global Corporation CARR $63.08 $16.85 -73%
Compagnie de Saint-Gobain S.A SGO €84.24 €97.97 +16%
PT Impack Pratama Industri Tbk, IMPC 1,405 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 38.91 kr 25.37 -35%
Beijing New Building Materials Public Limited 000786 ¥18.73 ¥31.73 +69%
Moon Environment Technology Co 000811 ¥42.22 ¥11.94 -72%
The Supreme Industries Limited SUPREMEIND ₹3,460 ₹1,376 -60%
Aditya Infotech Limited CPPLUS ₹3,343 ₹763.08 -77%

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Frequently asked questions

Is NATURAL COOL HOLDINGS LIMITED (5IF) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.1255 SGD versus a price of 0.0770 SGD, about +63% (undervalued).
What is the fair value of 5IF?
Our model-based fair value for NATURAL COOL HOLDINGS LIMITED is 0.1255 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.0770 SGD.
What is the quality score of 5IF?
NATURAL COOL HOLDINGS LIMITED has a Quality Score of 64/100. 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 NATURAL COOL HOLDINGS LIMITED (5IF)?
NATURAL COOL HOLDINGS LIMITED reported trailing-twelve-month revenue of about 149M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 5IF?
The net profit margin of NATURAL COOL HOLDINGS LIMITED is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.
Does NATURAL COOL HOLDINGS LIMITED pay a dividend?
NATURAL COOL HOLDINGS LIMITED currently shows a dividend yield of about 5.13% 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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