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Beng Kuang Marine Limited (BEZ) Fair Value & Analysis

Energy · SG · Market cap 138M SGD

BK Beng Kuang Marine Limited BEZ · SG
Price0.4800 SGD
Fair Value0.4600 SGD
Upside-4.2%
Quality68/100
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Mixed Growth
Thin margins · 5.4% net margin
Low debt · generates free cash flow
1.28% dividend yield
Ranks above peers (9/14)
Wide moat 65/100
Evidence: Medium Range 0.2800 SGD – 0.5300 SGD Share as image

Fair value as of: Jul 4, 2026

From 24 valuation models · updated 34 days ago

Share price +4.3% over the past month.

A solid business, 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.
  • A fairly wide model range (0.2800 SGD to 0.5300 SGD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

0.5923 SGD 0.0325 SGD Fair Value 0.4600 SGD May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 4, 2026.

How to read this chart

60‑month range 0.0325 SGD – 0.5923 SGD · fair‑value band 0.2800 SGD – 0.5300 SGD · the 0.4800 SGD price screens above the 0.4600 SGD fair value. Dashed = 300-day average. As of Jul 4, 2026.

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Analysis

Beng Kuang Marine Limited (BEZ) currently trades at 0.4800 SGD, while our model-based Fair Value estimate is 0.4600 SGD, implying the stock looks roughly 4.2% fairly valued today. We read business quality at 68/100 (solid quality), in the Energy 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: medium).

Over the trailing twelve months, Beng Kuang Marine Limited generated revenue of 98.2M SGD at a net margin of 5.4%. Revenue declined 8.8% year over year. It earns a return on equity of 38.8%. Net debt stands at 13.5M SGD. Fundamentals as of Jul 4, 2026

Our scenario range runs from 0.2800 SGD (bear case) to 0.5300 SGD (bull case); at 0.4800 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 19% below its 52-week high and 137% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -36% fair-value upside, at -4%, BEZ 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 BearBaseBull Evidence
Highest evidence
Growth DCF 0.7700 SGD 1.06 SGD 1.42 SGD 80
Rev-Margin DCF 0.6600 SGD 0.9600 SGD 1.32 SGD 74
ROIC Compounder 0.4500 SGD 0.4900 SGD 0.5300 SGD 72
All 24 models by family
DCF Models
FCF DCF 0.7800 SGD 1.10 SGD 1.52 SGD 38
Owner Earnings 0.2600 SGD 0.3300 SGD 0.4300 SGD 31
5Y Revenue Exit 0.6600 SGD 0.9500 SGD 1.33 SGD 39
5Y EBITDA Exit 0.7200 SGD 1.07 SGD 1.49 SGD 41
5Y P/E Exit 0.5300 SGD 0.7000 SGD 0.8800 SGD 38
10Y Revenue Exit 0.6900 SGD 0.9500 SGD 1.31 SGD 36
10Y EBITDA Exit 0.7300 SGD 1.02 SGD 1.42 SGD 37
10Y P/E Exit 0.6300 SGD 0.8000 SGD 1.01 SGD 35
Earnings-Based
Graham-Dodd 0.1200 SGD 0.4600 SGD 0.6300 SGD 54
Lynch FV 0.1100 SGD 0.1600 SGD 0.2100 SGD 50
PEG = 1.0 0.1100 SGD 0.1600 SGD 0.2100 SGD 46
EPV 0.4500 SGD 0.4900 SGD 0.5300 SGD 59
Multiples
P/E Multiple 0.2700 SGD 0.3600 SGD 0.4400 SGD 63
P/S Multiple 0.2300 SGD 0.3000 SGD 0.3800 SGD 58
P/B Multiple 0.2000 SGD 0.2600 SGD 0.3300 SGD 55
EV/EBIT 0.8300 SGD 1.07 SGD 1.31 SGD 53
EV/EBITDA 0.7500 SGD 0.9600 SGD 1.17 SGD 54
EV/Revenue 0.5900 SGD 0.8000 SGD 1.01 SGD 43
Asset-Based
NCAV (Graham) 0.0400 SGD 0.0600 SGD 0.0900 SGD 50
Growth DCF
Growth DCF 0.7700 SGD 1.06 SGD 1.42 SGD 80
Rev-Margin DCF 0.6600 SGD 0.9600 SGD 1.32 SGD 74
Economic Profit
Residual Income 0.0900 SGD 0.1200 SGD 0.3300 SGD 61
ROIC Compounder 0.4500 SGD 0.4900 SGD 0.5300 SGD 72
Growth Earnings
Growth-Adj P/E 0.2000 SGD 0.2800 SGD 0.3700 SGD 68

Widest divergence: Growth DCF (0.9600 SGD) versus Asset-Based (0.0600 SGD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 98.2M SGD
Revenue growth (YoY) -8.8%
Net margin 5.4%
Return on equity 38.8%
Free cash flow 22.8M SGD FY2025
P/E ratio 15.3
More key figures
Operating margin 13.2%
EPS (TTM) 0.0300 SGD
Dividend yield 1.3%
EPS growth (YoY) -23.0%
Net debt 13.5M SGD FY2022

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

Quality Score breakdown

Overall quality 68/100

Of which business quality 67 · Market factors (momentum, volatility) 75

Profitability 66
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 93
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 44
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 77
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 49
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 89/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
98.2M SGD
Latest YoY
−12.3%
Avg. growth/yr (3Y)
+18.4%
Avg. growth/yr (5Y)
+18.1%
Avg. growth/yr (12Y)
+1.3%
Revenue +16.6%/yr
FY21 53.0M SGD
FY22 59.1M SGD
FY23 79.2M SGD
FY24 112M SGD
FY25 98.2M SGD
Net income
FY21 −13.2M SGD
FY22 −21.8M SGD
FY23 3.4M SGD
FY24 11.5M SGD
FY25 5.3M SGD

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Cite: Fair Value Calculator (2026). "Beng Kuang Marine Limited Fair Value". https://www.fairvalue-calculator.com/stock/BEZ

Peer Group

Oil & Gas Equipment & Services · 191 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 68 · Top 25%
Fair Value upside −4% · Above median
Return on equity (TTM) 39% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 13% · Top 25%
Revenue growth -9% · Below median
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Oil & Gas Equipment & Services median · lower = cheaper

P/E (TTM) 15.3× · Cheaper than median
P/B 4.08× · Pricier than 75% of peers
P/S (TTM) 1.10× · Pricier than median
P/FCF 4.7× · Cheaper than median
EV/EBITDA 4.2× · 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.

VALUE 28 · sector 0
FUTURE 0 · sector 0
PAST 100 · sector 28
HEALTH 92 · sector 92
DIVIDEND 26 · sector 31

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 Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).

Stock Price Fair Value vs Fair Value
SLB N.V SLBN 836.00 MXN 533.97 MXN -36%
Baker Hughes Company BKR $55.95 $33.55 -40%
TechnipFMC plc FTI $74.57 $27.57 -63%
Halliburton Company HAL $35.22 $21.50 -39%
Tenaris S.A TS $57.16 $45.68 -20%
Yantai Jereh Oilfield Services Group 002353 ¥138.79 ¥34.17 -75%
Saipem SpA SPM €4.20 €2.72 -35%
Subsea 7 S.A SUBC kr 319.00 kr 227.98 -29%
China Oilfield Services Limited 601808 ¥11.20 ¥11.43 +2%
Gaztransport & Technigaz SA GTT €188.10 €95.01 -49%

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Frequently asked questions

Is Beng Kuang Marine Limited (BEZ) overvalued or undervalued?
As of Jul 4, 2026, our model estimates a fair value of 0.4600 SGD versus a price of 0.4800 SGD, about −4% (fairly valued).
What is the fair value of BEZ?
Our model-based fair value for Beng Kuang Marine Limited is 0.4600 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 0.4800 SGD.
What is the quality score of BEZ?
Beng Kuang Marine Limited has a Quality Score of 68/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
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 Jul 4, 2026).
What is the net profit margin of BEZ?
The net profit margin of Beng Kuang Marine Limited is about 5.4%, meaning it keeps roughly 5.4% of revenue as net income. Based on the latest reported figures.
Does Beng Kuang Marine Limited pay a dividend?
Beng Kuang Marine Limited currently shows a dividend yield of about 1.28% 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.

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