TIONG WOON CORP HOLDING LTD (BQM) Fair Value & Analysis
Industrials · SG · Market cap 241M SGD
Fair value as of: Aug 13, 2026
From 24 valuation models · updated 4 days ago
Share price −1.9% 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.
- Our model range runs from 1.03 SGD (bear) to 1.47 SGD (bull), base 1.03 SGD. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 54/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
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 0.3957 SGD – 1.12 SGD · fair‑value band 1.03 SGD – 1.47 SGD · the 1.01 SGD price screens below the 1.03 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
TIONG WOON CORP HOLDING LTD (BQM) currently trades at 1.01 SGD, while our model-based Fair Value estimate is 1.03 SGD, implying the stock looks roughly 2.0% fairly valued today. The Quality Score stands at 54/100 (solid quality), in the Industrials 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, TIONG WOON CORP HOLDING LTD generated revenue of 174M SGD at a net margin of 11.9%. Revenue grew 13.9% year over year. It earns a return on equity of 6.4%. Net debt stands at 35.6M SGD. Fundamentals as of Aug 13, 2026
Our scenario range runs from 1.03 SGD (bear case) to 1.47 SGD (bull case); at 1.01 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 11% below its 52-week high and 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -21% fair-value upside, at 2%, BQM 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.
All 24 models by family
Widest divergence: Growth Earnings (1.47 SGD) versus Growth DCF (0.2200 SGD). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 68
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
Tiong Woon Corporation Holding Ltd, an investment holding company, provides integrated services for the oil and gas, petrochemical, infrastructure, and construction sectors. The company operates through Heavy Lift and Haulage, Marine Transportation, and Trading segments.
Full company description
Tiong Woon Corporation Holding Ltd, an investment holding company, provides integrated services for the oil and gas, petrochemical, infrastructure, and construction sectors. The company operates through Heavy Lift and Haulage, Marine Transportation, and Trading segments. It offers heavy lift and haulage, marine transportation, and inland transportation services; equipment installation services, such as trays and structures; project engineering services for heavy lifting and haulage requirements. In addition, the company leases heavy haulage equipment that consists of prime movers with low beds, self-propelled modular trailers, tow trucks, and trailers for the transportation of heavy process equipment, such as modules and structures. Further, it provides tug and barge services for various sea transportation projects; mechanical and infrastructure engineering, supply chain management, freight forwarding, and logistics related services; servicing, erection, jacking and dismantling of tower crane; and heavy lifting services in the oil, gas, petrochemicals and other related construction industries, as well as undertakes structural works. Additionally, it is involved in marine and transportation logistics related business; hiring out of cranes and transport; trading of cranes; selling, servicing and leasing of equipment in the petroleum, construction, shipbuilding and related industries. The company operates in Singapore, Brunei, the Middle East, India, Malaysia, Thailand, Indonesia, China, Vietnam, Bangladesh, Myanmar, the Philippines, Sri Lanka, and internationally. Tiong Woon Corporation Holding Ltd was founded in 1978 and is based in Singapore.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
TIONG WOON CORP HOLDING LTD reported revenue of 164M SGD in FY2025 versus 113M SGD in FY2021, a compound +9.7%/yr. Reported net income was 19.2M SGD in FY2025, compounding +18.1%/yr from FY2021.
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Peer Group
Rental & Leasing Services · 96 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.
Valuation Multiples vs Rental & Leasing Services median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Rental & Leasing Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| United Rentals, Inc URI | $1,129 | $449.86 | -60% |
| Sunbelt Rentals Holdings SUNB | $84.80 | $65.76 | -22% |
| AerCap Holdings AER | $150.25 | $301.51 | +101% |
| Ryder System, Inc R | $262.96 | $109.71 | -58% |
| Ayvens AYV | €11.68 | €25.90 | +122% |
| Localiza Rent a Car S.A RENT3 | R$34.71 | R$37.01 | +7% |
| Element Fleet Management Corp EFN | C$27.95 | C$15.06 | -46% |
| BOC Aviation Limited 2588 | HK$74.40 | HK$18.61 | -75% |
| GATX Corporation GATX | $177.56 | $140.90 | -21% |
| Avis Budget Group CAR | $139.58 | $158.11 | +13% |
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Frequently asked questions
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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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