BENG KUANG MARINE LIMITED (BEZ) fair value: what the stock is really worth
We calculate from audited financials what BENG KUANG MARINE LIMITED is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 0.0354 SGD – 0.5923 SGD · fair‑value band 0.4500 SGD – 0.5300 SGD · the 0.3650 SGD price screens below the 0.4900 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Beng Kuang Marine Limited, an investment holding company, provides infrastructure engineering and corrosion prevention services relating to repairing of ships, tankers, and other ocean-going vessels in Singapore, Asia, Europe, the Middle East, Africa, and internationally.
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Beng Kuang Marine Limited, an investment holding company, provides infrastructure engineering and corrosion prevention services relating to repairing of ships, tankers, and other ocean-going vessels in Singapore, Asia, Europe, the Middle East, Africa, and internationally. It operates through Infrastructure Engineering, Corrosion Prevention, Corporate Services, and Others segments. The company offers shipbuilding and conversion, offshore construction, turnkey projects, sandwich plate system license, offshore asset integrity management, project management, supply of deck equipment, and rental of industrial equipment and machinery. It also provides abrasive and non-abrasive blasting, paint application, shop blasting and painting, thermal spray coating, personal protective equipment, other general hardware products, and blasting, welding, and painting equipment and accessories. In addition, the company engages in the supply and distribution of hardware equipment, tools, and other products; sourcing and procurement of material and equipment in engineering and construction; provision of industrial and marine automation work; metallizing services; provision of research and development, and solution for waste management; offshore repair and maintenance services; freight transport services; and internal tank coating. Further, the company designs, manufactures, and fabricates offshore equipment and ship parts. Beng Kuang Marine Limited was incorporated in 1994 and is based in Singapore.
Stock analysis
BENG KUANG MARINE LIMITED (BEZ) currently trades at 0.3650 SGD, while our model-based Fair Value estimate is 0.4900 SGD, implying the stock looks roughly 25.5% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 0.8800 SGD per share, and 16 of the 24 models we run sit above the 0.3650 SGD price.
Bear case: the Asset-Based group reads lowest at 0.0600 SGD, and 8 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.4500 SGD (bear) to 0.5300 SGD (bull), the price of 0.3650 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 64/100 (solid quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
BENG KUANG MARINE LIMITED reported revenue of 98.2M SGD in FY2025 versus 53.0M SGD in FY2021, a compound +16.6%/yr. Reported net income was 5.3M SGD in FY2025.
Key figures
Market cap 138M SGD (≈ $108M) · P/E ratio 12.2 · P/S ratio 0.66 · EPS (TTM) 0.0300 SGD · Dividend yield 1.6% · Net margin 5.4% · Return on equity 38.8% · Return on assets (EBIT) 8.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 80% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −21% fair-value upside, at 34%, BEZ screens cheaper than that median.
Fair Value models
Bear 0.4500 SGDFair Value 0.4900 SGDBull 0.5300 SGD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0174 SGD per share) are deliberately not added.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 ⓘEvidence = 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.
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.89/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−12.3%
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.
+18.4%
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.
+18.1%
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.
+1.3%
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What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+15.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.1%
Dividend (yield on the price)1.6%
Profit margin 2020 to 2025 ⓘ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.−42% → 16%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−18.3%
Yearly growth needed for the next five years to justify today's price.
Compare BENG KUANG MARINE LIMITED with another stock
Price, fair value, quality and upside side by side.
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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.Oil & Gas Equipment & Services · 188 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+14% · Above median
Profitability
Return on equity (TTM)39% · Top 25%
Return on assets13% · Top 25%
Net margin (TTM)5% · Above median
Operating margin (TTM)13% · Above median
Growth and dividend
Revenue growth−9% · Below median
Dividend yield (TTM)1.6% · Below median
Balance sheet
Debt / equity0.16× · Below median
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
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Is BENG KUANG MARINE LIMITED (BEZ) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 0.4900 SGD versus a price of 0.3650 SGD, about +34% upside (undervalued).
What is the fair value of BEZ?
Our model-based fair value for BENG KUANG MARINE LIMITED is 0.4900 SGD (as of Sep 13, 2026), built from audited fundamentals. The current price: 0.3650 SGD.
What is the quality score of BEZ?
BENG KUANG MARINE 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 price target for BENG KUANG MARINE LIMITED (BEZ)?
Our model-based price target is the fair value of 0.4900 SGD (as of Sep 13, 2026) from 24 valuation models. Cautious scenario 0.4500 SGD, optimistic scenario 0.5300 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the BENG KUANG MARINE LIMITED stock forecast for 2026?
Our models put fair value at 0.4900 SGD, about +34% upside versus a price of 0.3650 SGD (undervalued). Cautious scenario 0.4500 SGD, optimistic scenario 0.5300 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of BENG KUANG MARINE LIMITED (BEZ)?
BENG KUANG MARINE LIMITED reported trailing-twelve-month revenue of about 98.2M SGD (latest available figure, as of Sep 13, 2026).
Does BENG KUANG MARINE LIMITED pay a dividend?
BENG KUANG MARINE LIMITED currently shows a dividend yield of about 1.64% relative to its recent price (as of Sep 13, 2026).
What growth is priced into BENG KUANG MARINE LIMITED (BEZ)?
For today's price to be fair in a discounted-cash-flow model, BENG KUANG MARINE LIMITED would have to grow free cash flow by -18.3 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.1 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of BEZ use?
Our models discount BENG KUANG MARINE LIMITED at 12.5 %: a base by market capitalisation (micro), country premium for Singapore. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For BENG KUANG MARINE LIMITED that is -18.3 % per year a year over ten years, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has BENG KUANG MARINE LIMITED (BEZ) delivered so far?
Over the past 5 years revenue at BENG KUANG MARINE LIMITED grew +18.1 % a year. The price currently implies -18.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of BENG KUANG MARINE LIMITED (BEZ) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into BENG KUANG MARINE LIMITED (-18.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of BENG KUANG MARINE LIMITED (BEZ)?
The free-cash-flow yield on the price is 29.91 %: that much free cash flow BENG KUANG MARINE LIMITED produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of BENG KUANG MARINE LIMITED (BEZ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BENG KUANG MARINE LIMITED it is 0.4900 SGD per share (as of Sep 13, 2026), against a price of 0.3650 SGD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is BENG KUANG MARINE LIMITED stock overvalued or undervalued in 2026?
As of Sep 13, 2026, BEZ trades below its calculated fair value: price 0.3650 SGD, fair value 0.4900 SGD, a gap of about +34% (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 BEZ?
No. The price is what the market pays today (0.3650 SGD); the fair value is what the company's own numbers justify (0.4900 SGD). For BENG KUANG MARINE LIMITED the two are 0.1250 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is BENG KUANG MARINE LIMITED worth?
The market values BENG KUANG MARINE LIMITED at about 138M SGD (market capitalisation, as of Sep 13, 2026). Per share that is 0.3650 SGD; our models calculate a fair value of 0.4900 SGD per share.
What do the bullish and bearish scenarios say about BEZ?
Our models span a range for BENG KUANG MARINE LIMITED: cautious scenario 0.4500 SGD, base 0.4900 SGD, optimistic 0.5300 SGD per share (as of Sep 13, 2026, price 0.3650 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BEZ?
BENG KUANG MARINE LIMITED trades at a price-to-earnings ratio of 12.2 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.4900 SGD is built from several models across several years. Other multiples: P/B 4.1, P/S 1.1, EV/EBITDA 4.3.
How solid is the balance sheet of BENG KUANG MARINE LIMITED (BEZ)?
Balance-sheet figures for BENG KUANG MARINE LIMITED (as of Sep 13, 2026): return on equity 38.8%, debt of 0.16 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is BEZ from its 52-week high?
BENG KUANG MARINE LIMITED trades at 0.3650 SGD, about 38% below its 52-week high of 0.5923 SGD and 80% above the low of 0.2024 SGD (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 0.4900 SGD is for.
Which stocks are comparable to BENG KUANG MARINE LIMITED?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, TechnipFMC plc, Halliburton Company, 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 BENG KUANG MARINE LIMITED stock attractive at the current price?
The data as of Sep 13, 2026: price 0.3650 SGD, calculated fair value 0.4900 SGD (+34%), Quality Score 64/100, from 24 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 BEZ calculated?
We run BENG KUANG MARINE LIMITED through 24 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 0.4900 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 16.1 % above its aggregate fair value. BENG KUANG MARINE LIMITED currently trades 34 % 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 BENG KUANG MARINE LIMITED (BEZ)?
The closing price on Sep 18, 2026 was 0.3650 SGD. Our model-based fair value is 0.4900 SGD, about +34% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BENG KUANG MARINE LIMITED right now?
The price is below even our cautious bear case (0.4500 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. Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of BENG KUANG MARINE LIMITED
How large is the market capitalisation of BENG KUANG MARINE LIMITED (BEZ)?
The market capitalisation of BENG KUANG MARINE LIMITED is 138M SGD (≈ $108M). 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 BENG KUANG MARINE LIMITED (BEZ)?
The price-to-sales ratio of BENG KUANG MARINE LIMITED is 0.66 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BENG KUANG MARINE LIMITED (BEZ)?
Earnings per share at BENG KUANG MARINE LIMITED are 0.0300 SGD (price ÷ EPS = P/E 12.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BENG KUANG MARINE LIMITED (BEZ)?
The dividend yield of BENG KUANG MARINE LIMITED is 1.6% (payout 20.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of BENG KUANG MARINE LIMITED (BEZ)?
The net margin of BENG KUANG MARINE LIMITED is 5.4% (fiscal year 2025). 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 BENG KUANG MARINE LIMITED (BEZ)?
The return on equity (ROE) of BENG KUANG MARINE LIMITED is 38.8% (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 BENG KUANG MARINE LIMITED (BEZ)?
On an EBIT basis the return on assets of BENG KUANG MARINE LIMITED is 8.2% (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 BENG KUANG MARINE LIMITED (BEZ)?
The operating margin of BENG KUANG MARINE LIMITED is 13.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BENG KUANG MARINE LIMITED (BEZ)?
Revenue at BENG KUANG MARINE LIMITED is growing −8.8% versus a year earlier (3y avg +18.4%). 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 BENG KUANG MARINE LIMITED (BEZ)?
Earnings per share at BENG KUANG MARINE LIMITED are growing −23.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does BENG KUANG MARINE LIMITED (BEZ) carry?
The net debt of BENG KUANG MARINE LIMITED is 13.5M SGD (fiscal year 2022, ≈ 0.6 yrs of FCF). 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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