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SUTL Enterprise Limited (BHU) Fair Value & Analysis

Consumer Cyclical · SG · Market cap 80.8M SGD

SE SUTL Enterprise Limited BHU · SG
Price0.8500 SGD
Fair Value1.89 SGD
Upside+122.4%
Quality68/100
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Healthy Growth
Highly profitable · 21.0% net margin
Low debt · generates free cash flow
5.43% dividend yield
Ranks above peers (11/15)
Moderate moat 57/100
Evidence: High Range 1.29 SGD – 2.59 SGD Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 4 days ago

Share price −7.6% over the past month.

A solid business, screening 122% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (1.29 SGD). The market is more pessimistic than our downside scenario.
  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (1.29 SGD to 2.59 SGD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

0.9685 SGD 0.2892 SGD Fair Value 1.89 SGD May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.2892 SGD – 0.9685 SGD · fair‑value band 1.29 SGD – 2.59 SGD · the 0.8500 SGD price screens below the 1.89 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

SUTL Enterprise Limited (BHU) currently trades at 0.8500 SGD, while our model-based Fair Value estimate is 1.89 SGD, implying the stock looks roughly 122.4% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Consumer Cyclical 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: high), always confirm before acting.

Over the trailing twelve months, SUTL Enterprise Limited generated revenue of 39.9M SGD at a net margin of 21.0%. Revenue declined 1.3% year over year. It earns a return on equity of 12.2%. The stock trades on a trailing P/E of 9.4. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1.29 SGD (bear case) to 2.59 SGD (bull case); at 0.8500 SGD, the current price sits below 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 12% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 11% fair-value upside, at 122%, BHU 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
Growth DCF 0.9700 SGD 1.18 SGD 1.43 SGD 80
Residual Income 0.6800 SGD 0.7400 SGD 0.9000 SGD 76
Rev-Margin DCF 0.8400 SGD 1.06 SGD 1.32 SGD 74
All 24 models by family
DCF Models
FCF DCF 0.9700 SGD 1.22 SGD 1.54 SGD 38
Owner Earnings 1.51 SGD 1.98 SGD 2.59 SGD 31
5Y Revenue Exit 0.8400 SGD 1.05 SGD 1.32 SGD 39
5Y EBITDA Exit 1.45 SGD 2.22 SGD 3.13 SGD 41
5Y P/E Exit 1.42 SGD 2.16 SGD 2.94 SGD 38
10Y Revenue Exit 0.8800 SGD 1.07 SGD 1.33 SGD 36
10Y EBITDA Exit 1.23 SGD 1.77 SGD 2.52 SGD 37
10Y P/E Exit 1.21 SGD 1.73 SGD 2.40 SGD 35
Earnings-Based
Graham-Dodd 0.6400 SGD 2.18 SGD 2.92 SGD 54
Lynch FV 0.5000 SGD 0.7100 SGD 0.9300 SGD 50
PEG = 1.0 0.5000 SGD 0.7100 SGD 0.9300 SGD 46
EPV 1.09 SGD 1.18 SGD 1.24 SGD 59
Multiples
P/E Multiple 1.55 SGD 2.07 SGD 2.59 SGD 63
P/S Multiple 0.4000 SGD 0.5400 SGD 0.6700 SGD 58
P/B Multiple 1.20 SGD 1.60 SGD 2.00 SGD 55
EV/EBIT 1.90 SGD 2.40 SGD 2.90 SGD 53
EV/EBITDA 2.00 SGD 2.54 SGD 3.08 SGD 54
EV/Revenue 0.7600 SGD 0.9200 SGD 1.08 SGD 43
Asset-Based
NCAV (Graham) 0.4200 SGD 0.5600 SGD 0.8300 SGD 50
Growth DCF
Growth DCF 0.9700 SGD 1.18 SGD 1.43 SGD 80
Rev-Margin DCF 0.8400 SGD 1.06 SGD 1.32 SGD 74
Economic Profit
Residual Income 0.6800 SGD 0.7400 SGD 0.9000 SGD 76
ROIC Compounder 1.13 SGD 1.27 SGD 1.42 SGD 72
Growth Earnings
Growth-Adj P/E 1.32 SGD 1.88 SGD 2.45 SGD 68

Widest divergence: Growth Earnings (1.88 SGD) versus Asset-Based (0.5600 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 39.9M SGD
Revenue growth (YoY) -1.3%
Net margin 21.0%
Return on equity 12.2%
Free cash flow 6.1M SGD FY2025
P/E ratio 9.4
More key figures
Operating margin 14.9%
EPS (TTM) 0.0900 SGD
Dividend yield 5.4%
EPS growth (YoY) +3.1%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 67 · Market factors (momentum, volatility) 59

Profitability 49
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 76
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

SUTL Enterprise Limited, an investment holding company, develops, operates, and consults integrated marinas in Singapore and Malaysia. The company operates its marinas under the ONE°15 brand name, as well as third party marinas under management contracts.

Full company description

SUTL Enterprise Limited, an investment holding company, develops, operates, and consults integrated marinas in Singapore and Malaysia. The company operates its marinas under the ONE°15 brand name, as well as third party marinas under management contracts. It also provides yacht chartering services with a fleet of approximately 50 yachts; and business and management consultancy, and management and technical services for marina activities. In addition, the company operates as an event and concert organizer; and constructs, develops, and manages marina, marina club, hotel, recreation center, and other facilities. SUTL Enterprise Limited was incorporated in 1993 and is headquartered in Singapore. SUTL Enterprise Limited is a subsidiary of Sutl Global Pte Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SUTL Enterprise Limited reported revenue of 39.9M SGD in FY2025 versus 31.9M SGD in FY2021, a compound +5.8%/yr. Reported net income was 8.4M SGD in FY2025, compounding +14.2%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
39.9M SGD
Latest YoY
+0.7%
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.
+1.5%
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.
+19.8%
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.
+3.3%
Revenue +5.8%/yr
FY21 31.9M SGD
FY22 38.1M SGD
FY23 40.1M SGD
FY24 39.6M SGD
FY25 39.9M SGD
Net income +14.2%/yr
FY21 4.9M SGD
FY22 7.5M SGD
FY23 8.1M SGD
FY24 8.5M SGD
FY25 8.4M SGD

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Cite: Fair Value Calculator (2026). "SUTL Enterprise Limited Fair Value". https://www.fairvalue-calculator.com/stock/BHU

Peer Group

Leisure · 190 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 +122% · Top 25%
Return on equity (TTM) 12% · Above median
Return on assets 4% · Above median
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 15% · Above median
Revenue growth -1% · Below median
Dividend yield (TTM) 5.4% · Top 25%

Valuation Multiples vs Leisure median · lower = cheaper

P/E (TTM) 9.4× · Cheaper than 75% of peers
P/B 0.86× · Cheaper than median
P/S (TTM) 1.59× · Pricier than median
P/FCF 10.3× · Pricier than median
EV/EBITDA 2.1× · Cheaper than 75% of peers
PEG 1.59× · Pricier than median

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 100 · sector 19
FUTURE 0 · sector 17
PAST 49 · sector 19
HEALTH 100 · sector 95
DIVIDEND 100 · sector 54

Values & ESG

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

None of the checked exposures detected

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

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Frequently asked questions

Is SUTL Enterprise Limited (BHU) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1.89 SGD versus a price of 0.8500 SGD, about +122% (undervalued).
What is the fair value of BHU?
Our model-based fair value for SUTL Enterprise Limited is 1.89 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.8500 SGD.
What is the quality score of BHU?
SUTL Enterprise Limited has a Quality Score of 68/100. 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 SUTL Enterprise Limited (BHU)?
SUTL Enterprise Limited reported trailing-twelve-month revenue of about 39.9M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BHU?
The net profit margin of SUTL Enterprise Limited is about 21.0%, meaning it keeps roughly 21.0% of revenue as net income. Based on the latest reported figures.
Does SUTL Enterprise Limited pay a dividend?
SUTL Enterprise Limited currently shows a dividend yield of about 5.43% relative to its recent price (as of Aug 13, 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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