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ES GROUP (HOLDINGS) LIMITED (5RC) fair value: what the stock is really worth

As of Oct 29, 2026: fair value (intrinsic value) of ES GROUP (HOLDINGS) LIMITED stock S$0.07, price S$0.05, upside +36.0%, quality 36 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Industrials SG · ISIN SG2B91959363

EG ES GROUP (HOLDINGS) LIMITED logo Thin data Nov 2, 2026

ES GROUP (HOLDINGS) LIMITED

5RC · SG
Speculative

The stock costs 26% less than our calculation considers fair.

Fair value 0.0734 SGD · Undervalued (26%)
Low debt
Even on cautious assumptions the value is 16% above the price (0.0626 SGD).
Quality 36/100
Weak Growth (revenue 3y −4.8 %/yr in SGD)
Loss-making · -12.4% net margin (TTM)
Negative free cash flow
Trails peers (3/10)
Narrow moat 6/100 · thin data
Thin data
⚠ Thinly traded⚠ Small free float
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

0.0750 SGD 0.0200 SGD Fair Value 0.0734 SGD Aug 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.

How to read this chart

60‑month range 0.0200 SGD – 0.0750 SGD · fair‑value band 0.0626 SGD – 0.0950 SGD · the 0.0540 SGD price screens below the 0.0734 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 2, 2026.

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Company profile

ES Group (Holdings) Limited, an investment holding company, engages in the new building and repair of vessels in Singapore, Malaysia, Thailand, Myanmar, and the People's Republic of China. It operates through two segments, New Building and Repair, and Shipping.

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The company constructs the hulls of the rock dumping vessels flintstone; provision of engineering, procurement, and construction of the self propel transporter; and ship conversion and offshore structures, including bow thruster, crane tub, duck tails, forecastle block, poop block, module installation, flare tower, stern thruster, helideck, cantilever with turret and chain table, lengthening, sponson tank, stainless steel living quarters, and turret casing, as well as bulbous bow modification.

It also repairs bow, forecastle, and side shell collision damage services; fabricates, assembles, and erects main hull structure and living quarters, as well as provides geotechnical services; blasting and painting services.

In addition, the company provides scaffold structures for marine industries, comprising towers, tubular, and hanging scaffolds, as well as scaffold structures along the ship's side and internal compartments; and fabricates and installs marine piping systems, such as ballast systems, fuel oil lines, fire lines, heating coils, and cooling systems.

ES Group (Holdings) Limited was founded in 1975 and is based in Singapore.

Stock analysis

ES GROUP (HOLDINGS) LIMITED (5RC) currently trades at 0.0540 SGD, while our model-based Fair Value estimate is 0.0734 SGD, implying the stock looks roughly 26.5% undervalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 91/100, which puts the data coverage at low.

Scenario range: 0.0626 SGD (bear) to 0.0950 SGD (bull), the price of 0.0540 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 36/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

ES GROUP (HOLDINGS) LIMITED reported revenue of 28.0M SGD in FY2025 versus 20.9M SGD in FY2021, a compound +7.5%/yr. Reported net income was −3.0M SGD in FY2025.

Key figures

Market cap 7.6M SGD (≈ $6.0M) Micro · P/S ratio 0.19 · EPS (TTM) −0.0200 SGD · Net margin −12.4% · Return on equity −14.8% · Return on assets (EBIT) −4.2% · Operating margin −2.9% · Revenue (TTM) 27.5M SGD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 6 out of 100 (low confidence).

What moves the price

The share trades about 21% below its 52-week high and 54% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at 36%, 5RC screens cheaper than that median.

Fair Value models

Bear 0.0626 SGD Fair Value 0.0734 SGD Bull 0.0950 SGD
Price 0.0540 SGD · Upside +36.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. Coverage ⓘCoverage = 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.
Best data coverage
NCAV (Graham) 0.0700 SGD 0.0900 SGD 0.1300 SGD 54
All 1 models by family
Asset-Based
NCAV (Graham) 0.0700 SGD 0.0900 SGD 0.1300 SGD 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 36/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 16
How much profit the company makes from its sales and capital
Quality Growth 0
Are margins and returns getting better?
Cashflow 4
Do the profits arrive as real cash?
Financial strength 52
Debt, balance sheet and risk of trouble
Investment 93
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 37
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 37
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 28/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−22.5%
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.
−4.8%
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.
+9.8%
Start year 2020 (pandemic). Over 10 years: −3.1% 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.
−7.1%
Profit margin (trend) ⓘ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.
3.6% (2020) → −12.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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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.Aerospace & Defense · 239 stocks

Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 36 · Bottom 25%
Fair Value upside +35.9% · Top 25%
Profitability
Return on assets −9.2% · Bottom 25%
Net margin (12 months) −12.4% · Bottom 25%
Operating margin (12 months) −2.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −5.4% · Bottom 25%
Balance sheet
Debt / equity 0.20× · Above median

Valuation Multiplesvs Aerospace & Defense median · lower = cheaper

P/B 0.40× · Cheapest 25%
P/S (12 months) 0.28× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)81 · sector 0
FUTURE (revenue growth)0 · sector 59
PAST (return on equity)0 · sector 40
HEALTH (low debt)90 · sector 94
DIVIDEND (yield)0 · sector 18

Context: sector, industry, market

Values & ESG

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

Weapons Defense

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
TransDigm Group TDG $1,147 $1,261 +10% vs 5RC
Honeywell Aerospace Inc HONA $154.15 $169.57 +10% vs 5RC
General Dynamics Corporation GD $372.59 $274.19 −26% vs 5RC
Lockheed Martin Corporation LMT $636.95 $439.21 −31% vs 5RC
Northrop Grumman Corporation NOC $557.54 $382.98 −31% vs 5RC
Airbus SE AIR €192.40 €112.14 −42% vs 5RC
RTX Corporation RTX $199.80 $88.19 −56% vs 5RC
General Electric Company GE $301.80 $92.26 −69% vs 5RC
Rheinmetall AG RHM €1,038 €313.19 −70% vs 5RC
Howmet Aerospace Inc HWM $199.22 $52.65 −74% vs 5RC

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ES GROUP (HOLDINGS) LIMITED · Fair Value
0.0734 SGD +26%Fair Value
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Cite: Fair Value Calculator (2026). "ES GROUP (HOLDINGS) LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/5RC

Frequently asked questions

Is ES GROUP (HOLDINGS) LIMITED (5RC) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of 0.0734 SGD versus a price of 0.0540 SGD, about +36% upside (undervalued).
What is the fair value of 5RC?
Our model-based fair value for ES GROUP (HOLDINGS) LIMITED is 0.0734 SGD (as of Nov 2, 2026), built from audited fundamentals. The current price: 0.0540 SGD.
What is the quality score of 5RC?
ES GROUP (HOLDINGS) LIMITED has a Quality Score of 36/100. 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 ES GROUP (HOLDINGS) LIMITED (5RC)?
Our model-based price target is the fair value of 0.0734 SGD (as of Nov 2, 2026) from 1 valuation models. Cautious scenario 0.0626 SGD, optimistic scenario 0.0950 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the ES GROUP (HOLDINGS) LIMITED stock forecast for 2026?
Our models put fair value at 0.0734 SGD, about +36% upside versus a price of 0.0540 SGD (undervalued). Cautious scenario 0.0626 SGD, optimistic scenario 0.0950 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of ES GROUP (HOLDINGS) LIMITED (5RC)?
ES GROUP (HOLDINGS) LIMITED reported trailing-twelve-month revenue of about 27.5M SGD (latest available figure, as of Nov 2, 2026).
What is the intrinsic value of ES GROUP (HOLDINGS) LIMITED (5RC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ES GROUP (HOLDINGS) LIMITED it is 0.0734 SGD per share (as of Nov 2, 2026), against a price of 0.0540 SGD. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is ES GROUP (HOLDINGS) LIMITED stock overvalued or undervalued in 2026?
As of Nov 2, 2026, 5RC trades below its calculated fair value: price 0.0540 SGD, fair value 0.0734 SGD, a gap of about +36% (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 5RC?
No. The price is what the market pays today (0.0540 SGD); the fair value is what the company's own numbers justify (0.0734 SGD). For ES GROUP (HOLDINGS) LIMITED the two are 0.0194 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is ES GROUP (HOLDINGS) LIMITED worth?
The market values ES GROUP (HOLDINGS) LIMITED at about 7.6M SGD (market capitalisation, as of Nov 2, 2026). Per share that is 0.0540 SGD; our models calculate a fair value of 0.0734 SGD per share.
What do the bullish and bearish scenarios say about 5RC?
Our models span a range for ES GROUP (HOLDINGS) LIMITED: cautious scenario 0.0626 SGD, base 0.0734 SGD, optimistic 0.0950 SGD per share (as of Nov 2, 2026, price 0.0540 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of ES GROUP (HOLDINGS) LIMITED (5RC)?
Balance-sheet figures for ES GROUP (HOLDINGS) LIMITED (as of Nov 2, 2026): return on equity −14.8%, debt of 0.20 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is 5RC from its 52-week high?
ES GROUP (HOLDINGS) LIMITED trades at 0.0540 SGD, about 21% below its 52-week high of 0.0680 SGD and 54% above the low of 0.0350 SGD (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0734 SGD is for.
Which stocks are comparable to ES GROUP (HOLDINGS) LIMITED?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, 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 ES GROUP (HOLDINGS) LIMITED stock attractive at the current price?
The data as of Nov 2, 2026: price 0.0540 SGD, calculated fair value 0.0734 SGD (+36%), Quality Score 36/100, from 1 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 5RC calculated?
We run ES GROUP (HOLDINGS) LIMITED through 1 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 0.0734 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 14.9 % above its aggregate fair value. ES GROUP (HOLDINGS) LIMITED currently trades 26 % 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 ES GROUP (HOLDINGS) LIMITED (5RC)?
The closing price on Oct 29, 2026 was 0.0540 SGD. Our model-based fair value is 0.0734 SGD, about +36% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ES GROUP (HOLDINGS) LIMITED right now?
The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (0.0626 SGD). The market is more pessimistic than our downside scenario. 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 ES GROUP (HOLDINGS) LIMITED

How large is the market capitalisation of ES GROUP (HOLDINGS) LIMITED (5RC)?
The market capitalisation of ES GROUP (HOLDINGS) LIMITED is 7.6M SGD (≈ $6.0M). 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 ES GROUP (HOLDINGS) LIMITED (5RC)?
The price-to-sales ratio of ES GROUP (HOLDINGS) LIMITED is 0.19 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ES GROUP (HOLDINGS) LIMITED (5RC)?
Earnings per share at ES GROUP (HOLDINGS) LIMITED are −0.0200 SGD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ES GROUP (HOLDINGS) LIMITED (5RC)?
The net margin of ES GROUP (HOLDINGS) LIMITED is −12.4% (last twelve months). 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 ES GROUP (HOLDINGS) LIMITED (5RC)?
The return on equity (ROE) of ES GROUP (HOLDINGS) LIMITED is −14.8% (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 ES GROUP (HOLDINGS) LIMITED (5RC)?
On an EBIT basis the return on assets of ES GROUP (HOLDINGS) LIMITED is −4.2% (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 ES GROUP (HOLDINGS) LIMITED (5RC)?
The operating margin of ES GROUP (HOLDINGS) LIMITED is −2.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ES GROUP (HOLDINGS) LIMITED (5RC)?
Revenue at ES GROUP (HOLDINGS) LIMITED is growing −5.4% versus a year earlier (3y avg −4.8%). 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 ES GROUP (HOLDINGS) LIMITED (5RC)?
Earnings per share at ES GROUP (HOLDINGS) LIMITED are growing −96.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does ES GROUP (HOLDINGS) LIMITED (5RC) generate?
The free cash flow of ES GROUP (HOLDINGS) LIMITED is −3.6M 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 ES GROUP (HOLDINGS) LIMITED (5RC) carry?
The net debt of ES GROUP (HOLDINGS) LIMITED is 6.2M 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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