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Tiong Seng Holdings (BFI) Fair Value & Analysis

Industrials · SG · Market cap 32.3M SGD

TS Tiong Seng Holdings BFI · SG
Price0.0700 SGD
Fair Value0.0420 SGD
Upside-40.0%
Quality29/100
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Evidence: Low Range 0.0350 SGD – 0.0490 SGD

Fair value as of: Jul 4, 2026

From 3 valuation models · updated today

Share price −18.6% over the past month.

Price vs Fair Value (12 months)

0.1260 SGD 0.0700 SGD Fair Value 0.0420 SGD Jul 2025 Jul 2026

12‑month range 0.0700 SGD – 0.1260 SGD · fair‑value band 0.0350 SGD – 0.0490 SGD · the 0.0700 SGD price screens above the 0.0420 SGD fair value. As of Jul 4, 2026.

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Analysis

Tiong Seng Holdings (BFI) currently trades at 0.0700 SGD, while our model-based Fair Value estimate is 0.0420 SGD — implying the stock looks roughly 40.0% overvalued today. We read business quality at 29/100 (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: low).

Over the trailing twelve months, Tiong Seng Holdings generated revenue of 302M SGD at a net margin of -11.0%. Revenue declined 37.0% year over year. It earns a return on equity of -57.1%. Net debt stands at 68.2M SGD. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 302M SGD
Revenue growth (YoY) -37.0%
Net margin -11.0%
Return on equity -57.1%
Free cash flow −35.3M SGD FY2025
Operating margin -9.7%
More key figures
EPS (TTM) -0.0700 SGD
EPS growth (YoY) +232%
Net debt 68.2M SGD FY2025

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

About the company

Tiong Seng Holdings Limited, together with its subsidiaries, provides building construction and civil engineering services in Singapore and the People's Republic of China. It operates through Construction, Engineering Solutions, Property Development, and Others segments. The company undertakes various construction and civil engineering projects. It also provides construction and civil engineering services primarily to property developers and governments in both the private and public sectors. In addition, the company manufactures and supplies precast and prefabricated components; and develops and sells residential and commercial properties. Further, it engages in metal works and stainless steelwork, structural steel work, steel mould fabrication and design, and strutting works; design for manufacturing and assembly in construction; and property rental and digital solutions businesses. The company was founded in 1959 and is based in Singapore. Tiong Seng Holdings Limited operates as …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tiong Seng Holdings reported revenue of 301M SGD in FY2025 versus 293M SGD in FY2021, a compound +0.6%/yr. Reported net income was −33.3M SGD in FY2025.

Revenue +0.6%/yr
FY21 293M SGD
FY22 355M SGD
FY23 474M SGD
FY24 536M SGD
FY25 301M SGD
Net income
FY21 −50.2M SGD
FY22 −84.7M SGD
FY23 −12.1M SGD
FY24 2.9M SGD
FY25 −33.3M SGD

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Similar stocks

6 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LTOD $42.70 $34.33 -20%
Samsung C&T Corporation 028260 460,500 KRW 206,212 KRW -55%
China State Construction Engineering Corporation 601668 ¥4.72 ¥16.90 +258%
TopBuild Corp BLD 7,547 MXN 4,541 MXN -40%
Hyundai Engineering & Construction Co 000720 127,800 KRW 55,602 KRW -56%
United Integrated Services Co 2404 1,195 TWD 1,681 TWD +41%

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Frequently asked questions

Is Tiong Seng Holdings (BFI) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 0.0420 SGD versus a price of 0.0700 SGD — about −40% (overvalued). Model-based estimate, not financial advice.
What is the fair value of BFI?
Our model-based fair value for Tiong Seng Holdings is 0.0420 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 0.0700 SGD.
What is the quality score of BFI?
Tiong Seng Holdings has a Quality Score of 29/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Tiong Seng Holdings (BFI)?
Tiong Seng Holdings reported trailing-twelve-month revenue of about 302M SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of BFI?
The net profit margin of Tiong Seng Holdings is about -11.0%, 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.

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