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GRP LTD (BLU) Fair Value & Analysis

Technology · SG · Market cap 11.7M SGD

GL GRP LTD BLU · SG
Price0.0610 SGD
Fair Value0.1397 SGD
Upside+129.0%
Quality54/100
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Mixed Growth
Loss-making · -69.8% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/12)
Narrow moat 3/100
Evidence: Medium Range 0.1214 SGD – 0.1519 SGD Share as image

Fair value as of: Aug 13, 2026

From 9 valuation models · updated 5 days ago

Share price −6.2% over the past month.

A solid business, screening 129% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (0.1214 SGD). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

0.2100 SGD 0.0310 SGD Fair Value 0.1397 SGD Apr 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 0.0310 SGD – 0.2100 SGD · fair‑value band 0.1214 SGD – 0.1519 SGD · the 0.0610 SGD price screens below the 0.1397 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

GRP LTD (BLU) currently trades at 0.0610 SGD, while our model-based Fair Value estimate is 0.1397 SGD, implying the stock looks roughly 129.0% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Technology 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: medium), always confirm before acting.

Over the trailing twelve months, GRP LTD generated revenue of 8.9M SGD at a net margin of -69.8%. Revenue grew 13.8% year over year. It earns a return on equity of -31.7%. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.1214 SGD (bear case) to 0.1519 SGD (bull case); at 0.0610 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 18% below its 52-week high and 65% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -46% fair-value upside, at 129%, BLU 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 0.2000 SGD 0.2500 SGD 0.3200 SGD 80
Rev-Margin DCF 0.1800 SGD 0.2200 SGD 0.2700 SGD 74
Gordon GGM 0.0700 SGD 0.1200 SGD 0.1600 SGD 70
All 9 models by family
DCF Models
FCF DCF 0.2000 SGD 0.2600 SGD 0.3500 SGD 38
5Y Revenue Exit 0.1800 SGD 0.2200 SGD 0.2700 SGD 39
10Y Revenue Exit 0.1900 SGD 0.2200 SGD 0.2800 SGD 36
Dividend Discount
Gordon GGM 0.0700 SGD 0.1200 SGD 0.1600 SGD 70
DDM Multi-Stage 0.0700 SGD 0.1200 SGD 0.1300 SGD 61
Multiples
EV/Revenue 0.1600 SGD 0.1900 SGD 0.2100 SGD 43
Asset-Based
NCAV (Graham) 0.0800 SGD 0.1100 SGD 0.1600 SGD 50
Growth DCF
Growth DCF 0.2000 SGD 0.2500 SGD 0.3200 SGD 80
Rev-Margin DCF 0.1800 SGD 0.2200 SGD 0.2700 SGD 74

Widest divergence: DCF Models (0.2200 SGD) versus Asset-Based (0.1100 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 8.9M SGD
Revenue growth (YoY) +13.8%
Net margin -69.8%
Return on equity -31.7%
Free cash flow 1.8M SGD FY2024
Operating margin -0.7%
More key figures
EPS (TTM) -0.0300 SGD
EPS growth (YoY) -84.0%

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 58 · Market factors (momentum, volatility) 46

Profitability 1
Margins and returns on capital today
Quality Growth 10
Are margins and returns improving?
Cashflow 92
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 31
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 41
Distance to the 52-week high (market factor)
Net Issuance 82
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

GRP Limited, an investment holding company, engages in the measuring instruments/metrology, hose and marine, and property development businesses in Singapore, Indonesia, and internationally. Its Measuring Instruments/Metrology division deals in measuring instruments and scientific apparatus.

Full company description

GRP Limited, an investment holding company, engages in the measuring instruments/metrology, hose and marine, and property development businesses in Singapore, Indonesia, and internationally. Its Measuring Instruments/Metrology division deals in measuring instruments and scientific apparatus. The company's Property division include acquisition, holding of property-related assets and trading in properties, as well as offers property management projects. Its Hose and Marine division designs, manufactures, sells, and services industrial/marine hoses, fittings, marine safety equipment, and related products for the onshore, offshore, marine, pharmaceutical, and petrochemical markets. The company engages in the development and management of dormitories; rental of property; and property construction business, as well as trades in infrastructure building materials. GRP Limited was incorporated in 1977 and is headquartered in Singapore.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

GRP LTD reported revenue of 7.8M SGD in FY2024 versus 3.5M SGD in FY2020, a compound +22.0%/yr. Reported net income was −5.9M SGD in FY2024.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
7.8M SGD
Latest YoY
−56.8%
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.
−20.4%
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.
+12.5%
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.
−10.7%
Revenue +22.0%/yr
FY20 3.5M SGD
FY21 15.4M SGD
FY22 20.7M SGD
FY23 18.0M SGD
FY24 7.8M SGD
Net income
FY20 −367K SGD
FY21 −5.4M SGD
FY22 −6.1M SGD
FY23 −10.0K SGD
FY24 −5.9M SGD

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Cite: Fair Value Calculator (2026). "GRP LTD Fair Value". https://www.fairvalue-calculator.com/stock/BLU

Peer Group

Scientific & Technical Instruments · 167 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 54 · Below median
Fair Value upside +130% · Top 25%
Return on assets -13% · Bottom 25%
Net margin (TTM) -70% · Bottom 25%
Operating margin (TTM) -1% · Below median
Revenue growth 14% · Above median
Dividend yield (TTM) 16.0% · Top 25%

Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper

P/B 0.32× · Cheaper than 75% of peers
P/S (TTM) 1.03× · Cheaper than 75% of peers
P/FCF 5.1× · Cheaper 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 0
FUTURE 69 · sector 26
PAST 0 · sector 23
HEALTH 100 · sector 98
DIVIDEND 100 · sector 20

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.

Similar stocks

10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Hexagon AB HEXAB kr 95.06 kr 73.99 -22%
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AVIC Chengdu Aircraft Company 302132 ¥57.89 ¥34.47 -40%
Fortive Corporation FTV $61.54 $33.48 -46%
Trimble Inc TRMB $57.98 $34.12 -41%
Cognex Corporation CGNX $60.67 $19.25 -68%

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Frequently asked questions

Is GRP LTD (BLU) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.1397 SGD versus a price of 0.0610 SGD, about +129% (undervalued).
What is the fair value of BLU?
Our model-based fair value for GRP LTD is 0.1397 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.0610 SGD.
What is the quality score of BLU?
GRP LTD has a Quality Score of 54/100. 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 GRP LTD (BLU)?
GRP LTD reported trailing-twelve-month revenue of about 8.9M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BLU?
The net profit margin of GRP LTD is about -69.8%, 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.

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