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CHASEN HOLDINGS LIMITED (5NV) Fair Value & Analysis

Industrials · SG · Market cap 40.4M SGD

CH CHASEN HOLDINGS LIMITED 5NV · SG
Price0.1100 SGD
Fair Value0.1646 SGD
Upside+49.6%
Quality33/100
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Weak Growth
Thin margins · 6.1% net margin
Low debt · negative free cash flow
Ranks above peers (8/12)
Narrow moat 27/100
Evidence: Medium Range 0.1274 SGD – 0.2177 SGD Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from 0.3100 SGD to 0.1646 SGD (−46.9%) since Aug 9, 2026. Share price +5.8% over the past month.

Below-average quality, screening 50% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (0.1274 SGD). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

0.1920 SGD 0.0280 SGD Fair Value 0.1646 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 0.0280 SGD – 0.1920 SGD · fair‑value band 0.1274 SGD – 0.2177 SGD · the 0.1100 SGD price screens below the 0.1646 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

CHASEN HOLDINGS LIMITED (5NV) currently trades at 0.1100 SGD, while our model-based Fair Value estimate is 0.1646 SGD, implying the stock looks roughly 49.6% undervalued today. The Quality Score stands at 33/100 (below-average 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: medium), always confirm before acting.

Over the trailing twelve months, CHASEN HOLDINGS LIMITED generated revenue of 118M SGD at a net margin of 6.1%. Revenue grew 8.8% year over year. It earns a return on equity of 7.5%. Net debt stands at 75.4M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.1274 SGD (bear case) to 0.2177 SGD (bull case); at 0.1100 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 43% below its 52-week high and 75% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 26% fair-value upside, at 50%, 5NV 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 0.2100 SGD 0.2200 SGD 0.2000 SGD 76
Gordon GGM 0.2100 SGD 0.2400 SGD 0.2800 SGD 70
Growth-Adj P/E 0.2100 SGD 0.2900 SGD 0.3800 SGD 68
All 13 models by family
DCF Models
Owner Earnings 0.0300 SGD 0.0500 SGD 0.1000 SGD 31
Earnings-Based
Graham-Dodd 0.1300 SGD 0.2100 SGD 0.2600 SGD 54
Dividend Discount
Gordon GGM 0.2100 SGD 0.2400 SGD 0.2800 SGD 70
DDM Multi-Stage 0.2100 SGD 0.2500 SGD 0.3000 SGD 61
Multiples
P/E Multiple 0.2900 SGD 0.3900 SGD 0.4900 SGD 63
P/S Multiple 0.2400 SGD 0.3100 SGD 0.3900 SGD 58
P/B Multiple 0.2400 SGD 0.3100 SGD 0.3900 SGD 55
EV/EBIT 0.0100 SGD 0.0500 SGD 0.0800 SGD 53
EV/EBITDA 0.2700 SGD 0.3900 SGD 0.5100 SGD 54
EV/Revenue 0.0100 SGD 0.0500 SGD 43
Asset-Based
NCAV (Graham) 0.1500 SGD 0.2000 SGD 0.3000 SGD 50
Economic Profit
Residual Income 0.2100 SGD 0.2200 SGD 0.2000 SGD 76
Growth Earnings
Growth-Adj P/E 0.2100 SGD 0.2900 SGD 0.3800 SGD 68

Widest divergence: Multiples (0.3100 SGD) versus DCF Models (0.0500 SGD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 118M SGD
Revenue growth (YoY) +8.8%
Net margin 6.1%
Return on equity 7.5%
Free cash flow −8.3M SGD FY2026
P/E ratio 5.5
More key figures
Operating margin 2.3%
EPS (TTM) 0.0200 SGD
EPS growth (YoY) -7.2%
Net debt 75.4M SGD FY2026

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

Quality Score breakdown

Overall quality 33/100

Of which business quality 33 · Market factors (momentum, volatility) 63

Profitability 29
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 30
Balance sheet, leverage, solvency risk
Investment 42
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 77
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

Chasen Holdings Limited, an investment holding company, provides logistics, and technical and engineering services in Singapore, Malaysia, Thailand, Vietnam, the People's Republic of China, India, and the United States. It operates through three segments: Specialist Relocation Solutions, Third Party Logistics, and Technical & Engineering.

Full company description

Chasen Holdings Limited, an investment holding company, provides logistics, and technical and engineering services in Singapore, Malaysia, Thailand, Vietnam, the People's Republic of China, India, and the United States. It operates through three segments: Specialist Relocation Solutions, Third Party Logistics, and Technical & Engineering. The Specialist Relocation Solutions segment offers material handling tools, equipment, and vehicles to relocate machinery and equipment of customers in the premises, from one location to another location within a country, or from one country to another. The Third Party Logistics segment provides packaging, trucking, distribution, freight forwarding, non- bonded and bonded warehousing, cargo management, and last mile services. The Technical & Engineering segment offers design, fabrication, and installation of steel structures, mechanical and electrical installations, including hook-up for production facilities, parts refurbishment, engineering and spares support, facilities management and maintenance, contract manufacturing, process engineering services, 4G and 5G telecommunications, ordnance, solar panel installation, scaffolding equipment and services, and construction services. The company provides shipping, transportation, general contracting for aluminum, glazing work for carrying out facade and cladding construction, artifact packaging, construction and engineering, trucking, relocation, industrial packing, warehousing, local trucking, rigging, general building engineering design and consulting services, and services on cryogenic pumps. In addition, the company engages in the general activities related to machinery and equipment; process engineering and construction; structural steel fabrication supply and installation; precision manufacture of machine tool accessories; and projects and general trading activities. Chasen Holdings Limited was founded in 1995 and is based in Singapore.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

CHASEN HOLDINGS LIMITED reported revenue of 118M SGD in FY2026 versus 165M SGD in FY2022, a compound −8.0%/yr. Reported net income was 7.2M SGD in FY2026, compounding +23.3%/yr from FY2022.

Growth Quality 20/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
118M SGD
Latest YoY
+1.7%
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.
−10.3%
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.
−2.0%
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.
+1.3%
Revenue −8.0%/yr
FY22 165M SGD
FY23 164M SGD
FY24 95.7M SGD
FY25 116M SGD
FY26 118M SGD
Net income +23.3%/yr
FY22 3.1M SGD
FY23 1.5M SGD
FY24 −6.8M SGD
FY25 34.5M SGD
FY26 7.2M SGD

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

Peer Group

Integrated Freight & Logistics · 214 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 33 · Bottom 25%
Fair Value upside +50% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 1% · Below median
Net margin (TTM) 6% · Top 25%
Operating margin (TTM) 2% · Below median
Revenue growth 9% · Above median
Debt / equity 0.42× · Higher than 75% of peers

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 5.5× · Cheaper than 75% of peers
P/B 0.28× · Cheaper than 75% of peers
P/S (TTM) 0.27× · Cheaper than median
EV/EBITDA 4.7× · Cheaper 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 99 · sector 41
FUTURE 44 · sector 8
PAST 30 · sector 26
HEALTH 79 · sector 94
DIVIDEND 0 · sector 63

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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $103.91 $103.34 -1%
FedEx Corporation FDX $326.77 $347.68 +6%
Deutsche Post AG DHL €55.32 €53.18 -4%
DSV A/S DSV kr 1,380 kr 712.57 -48%
J.B. Hunt Transport Services, Inc JBHT $275.96 $133.80 -52%
S.F. Holding 002352 ¥32.96 ¥48.64 +48%
ZTO Express (Cayman) Inc 2057 HK$178.20 HK$224.41 +26%
Hyundai Glovis Co 086280 199,700 KRW 468,982 KRW +135%
YTO Express Group 600233 ¥18.48 ¥26.51 +43%
JD Logistics, Inc 2618 HK$14.17 HK$21.45 +51%

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Frequently asked questions

Is CHASEN HOLDINGS LIMITED (5NV) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.1646 SGD versus a price of 0.1100 SGD, about +50% (undervalued).
What is the fair value of 5NV?
Our model-based fair value for CHASEN HOLDINGS LIMITED is 0.1646 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.1100 SGD.
What is the quality score of 5NV?
CHASEN HOLDINGS LIMITED has a Quality Score of 33/100. 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 CHASEN HOLDINGS LIMITED (5NV)?
CHASEN HOLDINGS LIMITED reported trailing-twelve-month revenue of about 118M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 5NV?
The net profit margin of CHASEN HOLDINGS LIMITED is about 6.1%, meaning it keeps roughly 6.1% 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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