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REX INTERNATIONAL HOLDING LTD (5WH) Fair Value & Analysis

Energy · SG · Market cap 90.9M SGD

RI REX INTERNATIONAL HOLDING LTD 5WH · SG
Price0.0680 SGD
Fair Value0.0704 SGD
Upside+3.5%
Quality27/100
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Mixed Growth
Loss-making · -41.7% net margin
Negative equity (buybacks among others) · negative free cash flow
Mixed vs. peers (6/11)
Narrow moat 4/100
Evidence: Low Range 0.0549 SGD – 0.0870 SGD Share as image

Fair value as of: Aug 20, 2026

From 3 valuation models · updated today

Fair value updated Aug 20, 2026, revised from 0.2478 SGD to 0.0704 SGD (−71.6%) since Aug 13, 2026. Share price −1.4% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

0.4560 SGD 0.0650 SGD Fair Value 0.0704 SGD May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range 0.0650 SGD – 0.4560 SGD · fair‑value band 0.0549 SGD – 0.0870 SGD · the 0.0680 SGD price screens below the 0.0704 SGD fair value. Dashed = 300-day average. As of Aug 20, 2026.

Full chart & analysis →

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Analysis

REX INTERNATIONAL HOLDING LTD (5WH) currently trades at 0.0680 SGD, while our model-based Fair Value estimate is 0.0704 SGD, implying the stock looks roughly 3.5% fairly valued today. The Quality Score stands at 27/100 (below-average quality), in the Energy 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: low), always confirm before acting.

Over the trailing twelve months, REX INTERNATIONAL HOLDING LTD generated revenue of 320M SGD at a net margin of -41.7%. Revenue grew 17.8% year over year. Net debt stands at 200M SGD. Fundamentals as of Aug 20, 2026

Our scenario range runs from 0.0549 SGD (bear case) to 0.0870 SGD (bull case); at 0.0680 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. The share trades about 67% below its 52-week high and 36% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -35% fair-value upside, at 4%, 5WH 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
Gordon GGM 0.0200 SGD 0.0400 SGD 0.0500 SGD 70
DDM Multi-Stage 0.0200 SGD 0.0400 SGD 0.0400 SGD 61
EV/EBITDA 0.2300 SGD 0.3500 SGD 0.4700 SGD 54
All 3 models by family
Dividend Discount
Gordon GGM 0.0200 SGD 0.0400 SGD 0.0500 SGD 70
DDM Multi-Stage 0.0200 SGD 0.0400 SGD 0.0400 SGD 61
Multiples
EV/EBITDA 0.2300 SGD 0.3500 SGD 0.4700 SGD 54

Widest divergence: Multiples (0.3500 SGD) versus Dividend Discount (0.0400 SGD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 320M SGD
Revenue growth (YoY) +17.8%
Net margin -41.7%
Return on equity -103%
Free cash flow −152M SGD FY2025
Operating margin -80.7%
More key figures
EPS (TTM) -0.1300 SGD
EPS growth (YoY) -37.9%
Net debt 200M SGD FY2025

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 27/100

Of which business quality 29 · Market factors (momentum, volatility) 13

Profitability 8
Margins and returns on capital today
Quality Growth 8
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 7
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 23
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 6
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

Rex International Holding Limited, an investment holding company, operates as an oil exploration and production company. The company operates through Oil and Gas and Non-Oil and Gas segments. The Oil and Gas segment engages in the oil and gas exploration and production with concessions located in Oman, Norway, and Benin.

Full company description

Rex International Holding Limited, an investment holding company, operates as an oil exploration and production company. The company operates through Oil and Gas and Non-Oil and Gas segments. The Oil and Gas segment engages in the oil and gas exploration and production with concessions located in Oman, Norway, and Benin. The Non-Oil and Gas segment offers Rex Virtual Drilling technology that can extract information on the presence of reservoir rock and liquid hydrocarbons using conventional seismic data. It also owns offshore oil and gas assets in Germany and West Africa. Rex International Holding Limited was incorporated in 2013 and is headquartered in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

REX INTERNATIONAL HOLDING LTD reported revenue of 320M SGD in FY2025 versus 158M SGD in FY2021, a compound +19.2%/yr. Reported net income was −133M SGD in FY2025.

Growth Quality 29/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
320M SGD
Latest YoY
+7.0%
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.
+23.4%
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.
+46.9%
Avg. growth/yr (11Y) 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.
+86.6%
Revenue +19.2%/yr
FY21 158M SGD
FY22 170M SGD
FY23 222M SGD
FY24 299M SGD
FY25 320M SGD
Net income
FY21 67.2M SGD
FY22 −1.0M SGD
FY23 −63.9M SGD
FY24 −41.0M SGD
FY25 −133M SGD

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Cite: Fair Value Calculator (2026). "REX INTERNATIONAL HOLDING LTD Fair Value". https://www.fairvalue-calculator.com/stock/5WH

Peer Group

Oil & Gas E&P · 324 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 27 · Bottom 25%
Fair Value upside +3% · Above median
Return on assets -11% · Bottom 25%
Net margin (TTM) -42% · Bottom 25%
Operating margin (TTM) -81% · Bottom 25%
Revenue growth 18% · Above median
Dividend yield (TTM) 5.3% · Above median

Valuation Multiples vs Oil & Gas E&P median · lower = cheaper

P/S (TTM) 0.22× · Cheaper than 75% of peers
EV/EBITDA 2.5× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE37 · sector 13
FUTURE89 · sector 0
PAST0 · sector 0
HEALTH100 · sector 87
DIVIDEND100 · sector 61

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Values & ESG

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

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
CNOOC Limited 600938 ¥32.85 ¥32.55 -1%
ConocoPhillips explores for, COP $126.78 $90.15 -29%
Canadian Natural Resources Limited CNQ $47.57 $31.14 -35%
EOG Resources, Inc EOG $143.14 $130.19 -9%
Occidental Petroleum Corporation OXY $58.55 $30.06 -49%
Diamondback Energy, Inc FANG $210.02 $105.24 -50%
Devon Energy Corporation DVN $44.86 $27.06 -40%
Woodside Energy Group WDS A$32.55 A$20.71 -36%
EQT Corporation EQT $54.06 $42.85 -21%
Texas Pacific Land Corporation TPL $342.77 $77.26 -77%

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Frequently asked questions

Is REX INTERNATIONAL HOLDING LTD (5WH) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of 0.0704 SGD versus a price of 0.0680 SGD, about +4% (fairly valued).
What is the fair value of 5WH?
Our model-based fair value for REX INTERNATIONAL HOLDING LTD is 0.0704 SGD (as of Aug 20, 2026), built from audited fundamentals. The current price: 0.0680 SGD.
What is the quality score of 5WH?
REX INTERNATIONAL HOLDING LTD has a Quality Score of 27/100. 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 REX INTERNATIONAL HOLDING LTD (5WH)?
REX INTERNATIONAL HOLDING LTD reported trailing-twelve-month revenue of about 320M SGD (latest available figure, as of Aug 20, 2026).
What is the net profit margin of 5WH?
The net profit margin of REX INTERNATIONAL HOLDING LTD is about -41.7%, meaning it is currently running at a net loss. 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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