SIN HENG HEAVY MACHINERY LTD (BKA) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of SIN HENG HEAVY MACHINERY LTD S$0.82, price S$0.54, upside +51.9%, quality 69 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch SIN HENG HEAVY MACHINERY LTD for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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 27, 2026.
How to read this chart
60‑month range 0.2099 SGD – 0.6976 SGD · fair‑value band 0.7400 SGD – 0.9700 SGD · the 0.5400 SGD price screens below the 0.8200 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 27, 2026.
Follow SIN HENG HEAVY MACHINERY in your weekly email
Every Wednesday you see whether SIN HENG HEAVY MACHINERY is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Sin Heng Heavy Machinery Limited, together with its subsidiaries, provides heavy lifting services in Singapore, Indonesia, Malaysia, Taiwan, Brunei, India, the United Arab Emirates, Dubai, Vietnam, and internationally. The company operates through three segments: Equipment Rental, Trading, and Others.
Show more
Sin Heng Heavy Machinery Limited, together with its subsidiaries, provides heavy lifting services in Singapore, Indonesia, Malaysia, Taiwan, Brunei, India, the United Arab Emirates, Dubai, Vietnam, and internationally. The company operates through three segments: Equipment Rental, Trading, and Others. It engages in the rental, servicing, and trading of crawler, all and rough terrain, truck, and self-erecting cranes; and aerial lifts, including boom and scissor lifts. The company is also involved in turnkey project engineering services; sale and distribution of spare parts for cranes and aerial lifts; hiring and dealing in cranes and heavy machinery; and provision of facilities and custody services. It serves infrastructure and geotechnic, construction, offshore and marine, and oil and gas industries. The company was founded in 1969 and is headquartered in Singapore.
Stock analysis
SIN HENG HEAVY MACHINERY LTD (BKA) currently trades at 0.5400 SGD, while our model-based Fair Value estimate is 0.8200 SGD, implying the stock looks roughly 34.1% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 0.9600 SGD per share, and 21 of the 22 models we run sit above the 0.5400 SGD price.
Bear case: the Earnings-Based group reads lowest at 0.3900 SGD, and 1 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.7400 SGD (bear) to 0.9700 SGD (bull), the price of 0.5400 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 69/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
SIN HENG HEAVY MACHINERY LTD reported revenue of 44.1M SGD in FY2025 versus 53.7M SGD in FY2021, a compound −4.8%/yr. Reported net income was 5.1M SGD in FY2025, compounding +7.9%/yr from FY2021.
Key figures
Market cap 66.3M SGD (≈ $51.8M) · P/E ratio 10.8 · P/S ratio 1.25 · EPS (TTM) 0.0500 SGD · Dividend yield 1.9% · Net margin 11.6% · Return on equity 4.9% · Return on assets (EBIT) 4.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 23% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 52%, BKA screens cheaper than that median.
Fair Value models
Bear 0.7400 SGDFair Value 0.8200 SGDBull 0.9700 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 (0.0301 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
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.
−5.1%
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.
−3.7%
Start year 2020 (pandemic). Over 10 years: −7.1% a year
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.
−12.3%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 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 5 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.
+18.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.5%
Dividend (yield on the price)1.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.16.5% vs 16.3%, steady
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.2% → 11%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 7.4%/yr over ~7Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
−10.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about −12.5% a year for the price.
Compare SIN HENG HEAVY MACHINERY LTD with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Farm & Heavy Construction Machinery · 146 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside+51.9% · Top 25%
Profitability
Return on equity (TTM)4.9% · Below median
Return on assets2.5% · Below median
Net margin (TTM)11.6% · Top 25%
Operating margin (TTM)9.0% · Above median
Growth and dividend
Revenue growth−22.2% · Bottom 25%
Dividend yield (TTM)1.9% · Below median
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "SIN HENG HEAVY MACHINERY LTD Fair Value". https://www.fairvalue-calculator.com/stock/BKA
Frequently asked questions
Is SIN HENG HEAVY MACHINERY LTD (BKA) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 0.8200 SGD versus a price of 0.5400 SGD, about +52% upside (undervalued).
What is the fair value of BKA?
Our model-based fair value for SIN HENG HEAVY MACHINERY LTD is 0.8200 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 0.5400 SGD.
What is the quality score of BKA?
SIN HENG HEAVY MACHINERY LTD has a Quality Score of 69/100. 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 SIN HENG HEAVY MACHINERY LTD (BKA)?
Our model-based price target is the fair value of 0.8200 SGD (as of Sep 27, 2026) from 22 valuation models. Cautious scenario 0.7400 SGD, optimistic scenario 0.9700 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the SIN HENG HEAVY MACHINERY LTD stock forecast for 2026?
Our models put fair value at 0.8200 SGD, about +52% upside versus a price of 0.5400 SGD (undervalued). Cautious scenario 0.7400 SGD, optimistic scenario 0.9700 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of SIN HENG HEAVY MACHINERY LTD (BKA)?
SIN HENG HEAVY MACHINERY LTD reported trailing-twelve-month revenue of about 44.1M SGD (latest available figure, as of Sep 27, 2026).
Does SIN HENG HEAVY MACHINERY LTD pay a dividend?
SIN HENG HEAVY MACHINERY LTD currently shows a dividend yield of about 1.85% relative to its recent price (as of Sep 27, 2026).
What growth is priced into SIN HENG HEAVY MACHINERY LTD (BKA)?
For today's price to be fair in a discounted-cash-flow model, SIN HENG HEAVY MACHINERY LTD would have to grow free cash flow by -10.7 % 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 -3.7 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of BKA use?
Our models discount SIN HENG HEAVY MACHINERY LTD 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 SIN HENG HEAVY MACHINERY LTD that is -10.7 % 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 SIN HENG HEAVY MACHINERY LTD (BKA) delivered so far?
Over the past 5 years revenue at SIN HENG HEAVY MACHINERY LTD grew -3.7 % a year. The price currently implies -10.7 % 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 SIN HENG HEAVY MACHINERY LTD (BKA) growing?
The median revenue growth in the sector is +6.4 % a year. That is the yardstick for the growth priced into SIN HENG HEAVY MACHINERY LTD (-10.7 % 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 SIN HENG HEAVY MACHINERY LTD (BKA)?
The free-cash-flow yield on the price is 8.79 %: that much free cash flow SIN HENG HEAVY MACHINERY LTD 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 SIN HENG HEAVY MACHINERY LTD (BKA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SIN HENG HEAVY MACHINERY LTD it is 0.8200 SGD per share (as of Sep 27, 2026), against a price of 0.5400 SGD. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is SIN HENG HEAVY MACHINERY LTD stock overvalued or undervalued in 2026?
As of Sep 27, 2026, BKA trades below its calculated fair value: price 0.5400 SGD, fair value 0.8200 SGD, a gap of about +52% (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 BKA?
No. The price is what the market pays today (0.5400 SGD); the fair value is what the company's own numbers justify (0.8200 SGD). For SIN HENG HEAVY MACHINERY LTD the two are 0.2800 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is SIN HENG HEAVY MACHINERY LTD worth?
The market values SIN HENG HEAVY MACHINERY LTD at about 66.3M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.5400 SGD; our models calculate a fair value of 0.8200 SGD per share.
What do the bullish and bearish scenarios say about BKA?
Our models span a range for SIN HENG HEAVY MACHINERY LTD: cautious scenario 0.7400 SGD, base 0.8200 SGD, optimistic 0.9700 SGD per share (as of Sep 27, 2026, price 0.5400 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BKA?
SIN HENG HEAVY MACHINERY LTD trades at a price-to-earnings ratio of 10.8 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.8200 SGD is built from several models across several years. Other multiples: P/B 0.7, P/S 1.5, EV/EBITDA 2.4.
How solid is the balance sheet of SIN HENG HEAVY MACHINERY LTD (BKA)?
Balance-sheet figures for SIN HENG HEAVY MACHINERY LTD (as of Sep 27, 2026): return on equity 4.9%. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is BKA from its 52-week high?
SIN HENG HEAVY MACHINERY LTD trades at 0.5400 SGD, about 23% below its 52-week high of 0.6976 SGD and 9% above the low of 0.4950 SGD (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of 0.8200 SGD is for.
Which stocks are comparable to SIN HENG HEAVY MACHINERY LTD?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, PACCAR Inc, Daimler Truck Holding, 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 SIN HENG HEAVY MACHINERY LTD stock attractive at the current price?
The data as of Sep 27, 2026: price 0.5400 SGD, calculated fair value 0.8200 SGD (+52%), Quality Score 69/100, from 22 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 BKA calculated?
We run SIN HENG HEAVY MACHINERY LTD through 22 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 0.8200 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 14.5 % above its aggregate fair value. SIN HENG HEAVY MACHINERY LTD 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 SIN HENG HEAVY MACHINERY LTD (BKA)?
The closing price on Sep 30, 2026 was 0.5400 SGD. Our model-based fair value is 0.8200 SGD, about +52% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SIN HENG HEAVY MACHINERY LTD right now?
The price is below even our cautious bear case (0.7400 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 (69/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of SIN HENG HEAVY MACHINERY LTD
How large is the market capitalisation of SIN HENG HEAVY MACHINERY LTD (BKA)?
The market capitalisation of SIN HENG HEAVY MACHINERY LTD is 66.3M SGD (≈ $51.8M). 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 SIN HENG HEAVY MACHINERY LTD (BKA)?
The price-to-sales ratio of SIN HENG HEAVY MACHINERY LTD is 1.25 (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 SIN HENG HEAVY MACHINERY LTD (BKA)?
Earnings per share at SIN HENG HEAVY MACHINERY LTD are 0.0500 SGD (price ÷ EPS = P/E 10.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SIN HENG HEAVY MACHINERY LTD (BKA)?
The dividend yield of SIN HENG HEAVY MACHINERY LTD is 1.9% (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 SIN HENG HEAVY MACHINERY LTD (BKA)?
The net margin of SIN HENG HEAVY MACHINERY LTD is 11.6% (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 SIN HENG HEAVY MACHINERY LTD (BKA)?
The return on equity (ROE) of SIN HENG HEAVY MACHINERY LTD is 4.9% (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 SIN HENG HEAVY MACHINERY LTD (BKA)?
On an EBIT basis the return on assets of SIN HENG HEAVY MACHINERY LTD is 4.7% (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 SIN HENG HEAVY MACHINERY LTD (BKA)?
The operating margin of SIN HENG HEAVY MACHINERY LTD is 9.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SIN HENG HEAVY MACHINERY LTD (BKA)?
Revenue at SIN HENG HEAVY MACHINERY LTD is growing −22.2% versus a year earlier (3y avg −5.1%). 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 SIN HENG HEAVY MACHINERY LTD (BKA)?
Earnings per share at SIN HENG HEAVY MACHINERY LTD are growing −4.7% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed
Watch SIN HENG HEAVY MACHINERY LTD in the live analysis
One click puts SIN HENG HEAVY MACHINERY LTD on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
