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ASL Marine Holdings (A04) Fair Value & Analysis

Industrials · SG · Market cap 324M SGD

AM ASL Marine Holdings A04 · SG
Price0.3150 SGD
Fair Value0.2900 SGD
Upside-7.9%
Quality49/100
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Evidence: High Range 0.1400 SGD – 0.3700 SGD

Fair value as of: Jul 4, 2026

From 22 valuation models · updated today

Share price +6.8% over the past month.

Price vs Fair Value (12 months)

0.4050 SGD 0.0593 SGD Fair Value 0.2900 SGD Jul 2025 Jul 2026

12‑month range 0.0593 SGD – 0.4050 SGD · fair‑value band 0.1400 SGD – 0.3700 SGD · the 0.3150 SGD price screens above the 0.2900 SGD fair value. As of Jul 4, 2026.

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Analysis

ASL Marine Holdings (A04) currently trades at 0.3150 SGD, while our model-based Fair Value estimate is 0.2900 SGD — implying the stock looks roughly 7.9% overvalued today. We read business quality at 49/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, ASL Marine Holdings generated revenue of 360M SGD at a net margin of 8.4%. Revenue grew 2.9% year over year. It earns a return on equity of 25.6%. Net debt stands at 150M SGD. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 360M SGD
Revenue growth (YoY) +2.9%
Net margin 8.4%
Return on equity 25.6%
Free cash flow 21.9M SGD FY2025
P/E ratio 10.5
More key figures
Operating margin 10.9%
EPS (TTM) 0.0300 SGD
Dividend yield 1.0%
EPS growth (YoY) +529%
Net debt 150M SGD FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

ASL Marine Holdings Ltd., provides marine services in Singapore, Indonesia, Asia Pacific, South Asia, Europe, the Middle East, and Australia. The company offers shiprepair and conversion, dredge engineering, shipchartering, shipbuilding, and other marine related services. It also provides retrofitting, extending vessel life, repairing large ships, offshore oil and gas vessel, LNG conversion, and ship repair conversion technology services. In addition, the company develops low emission, hybrid, and electric vessel technology. Further, it offers decommissioning, upcycling, waste management, and other support services to offshore projects. ASL Marine Holdings Ltd. was founded in 1974 and is headquartered in Singapore.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ASL Marine Holdings reported revenue of 350M SGD in FY2025 versus 193M SGD in FY2021, a compound +16.1%/yr. Reported net income was 14.6M SGD in FY2025.

Revenue +16.1%/yr
FY21 193M SGD
FY22 236M SGD
FY23 336M SGD
FY24 349M SGD
FY25 350M SGD
Net income
FY21 −35.0M SGD
FY22 −32.3M SGD
FY23 3.5M SGD
FY24 3.9M SGD
FY25 14.6M SGD

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Frequently asked questions

Is ASL Marine Holdings (A04) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 0.2900 SGD versus a price of 0.3150 SGD — about −8% (overvalued). Model-based estimate, not financial advice.
What is the fair value of A04?
Our model-based fair value for ASL Marine Holdings is 0.2900 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 0.3150 SGD.
What is the quality score of A04?
ASL Marine Holdings has a Quality Score of 49/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of ASL Marine Holdings (A04)?
ASL Marine Holdings reported trailing-twelve-month revenue of about 360M SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of A04?
The net profit margin of ASL Marine Holdings is about 8.4%, meaning it keeps roughly 8.4% of revenue as net income. Based on the latest reported figures.
Does ASL Marine Holdings pay a dividend?
ASL Marine Holdings currently shows a dividend yield of about 1.00% relative to its recent price (as of Jul 4, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.