PENGUIN INTERNATIONAL LIMITED (BTM) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of PENGUIN INTERNATIONAL LIMITED S$2.74, price S$1.90, upside +44.2%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range 0.4989 SGD – 1.99 SGD · fair‑value band 2.05 SGD – 3.45 SGD · the 1.90 SGD price screens below the 2.74 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Penguin International Limited, an investment holding company, designs, builds, owns, and operates high-speed aluminum crafts in Singapore, East Asia, Africa, Europe, the Middle East, rest of Southeast Asia, and internationally. The company operates through two segments, Chartering; and Shipbuilding, Ship Repairs and Maintenance.
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Penguin International Limited, an investment holding company, designs, builds, owns, and operates high-speed aluminum crafts in Singapore, East Asia, Africa, Europe, the Middle East, rest of Southeast Asia, and internationally. The company operates through two segments, Chartering; and Shipbuilding, Ship Repairs and Maintenance. It offers shipyard services, including design, construction, repair, and maintenance of high-speed aluminum vessels. The company also owns and operates a fleet of Flex crewboats comprising the Flex-40 series and Flex-42 series; electric ferries and rapid DC shore chargers; and pilot boats, line boats, mooring tugs, and landing craft. In addition, it provides full crewing, maintenance, and ship management services. The company was founded in 1972 and is headquartered in Singapore.
Stock analysis
PENGUIN INTERNATIONAL LIMITED (BTM) currently trades at 1.90 SGD, while our model-based Fair Value estimate is 2.74 SGD, implying the stock looks roughly 30.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 3.69 SGD per share, and 10 of the 15 models we run sit above the 1.90 SGD price.
Bear case: the DCF Models group reads lowest at 0.7900 SGD, and 5 of the 15 models stay below the price. Evidence for this calculation is high.
Scenario range: 2.05 SGD (bear) to 3.45 SGD (bull), the price of 1.90 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 49/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
PENGUIN INTERNATIONAL LIMITED reported revenue of 267M SGD in FY2025 versus 133M SGD in FY2021, a compound +19.1%/yr. Reported net income was 35.5M SGD in FY2025, compounding +29.4%/yr from FY2021.
Key figures
Market cap 418M SGD (≈ $327M) · P/E ratio 11.9 · P/S ratio 1.58 · EPS (TTM) 0.1600 SGD · Dividend yield 2.6% · Net margin 13.3% · Return on equity 13.3% · Return on assets (EBIT) 5.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 64% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −20% fair-value upside, at 44%, BTM screens cheaper than that median.
Fair Value models
Bear 2.05 SGDFair Value 2.74 SGDBull 3.45 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 (0.0805 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.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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+13.2%
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.
+25.4%
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.
+17.5%
Start year 2020 (pandemic). Over 10 years: +8.3% 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.
+7.6%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+30.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+28.1%
Dividend (yield on the price)2.6%
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.13% → 14%
2025 sits 112% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare PENGUIN INTERNATIONAL LIMITED with another stock
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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.Aerospace & Defense · 230 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+44% · Top 25%
Profitability
Return on equity (TTM)13% · Above median
Return on assets5% · Above median
Net margin (TTM)13% · Top 25%
Operating margin (TTM)17% · Top 25%
Growth and dividend
Revenue growth−18% · Bottom 25%
Dividend yield (TTM)2.6% · Top 25%
Balance sheet
Debt / equity0.12× · Below median
Valuation Multiplesvs Aerospace & Defense 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). "PENGUIN INTERNATIONAL LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/BTM
Frequently asked questions
Is PENGUIN INTERNATIONAL LIMITED (BTM) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 2.74 SGD versus a price of 1.90 SGD, about +44% upside (undervalued).
What is the fair value of BTM?
Our model-based fair value for PENGUIN INTERNATIONAL LIMITED is 2.74 SGD (as of Sep 23, 2026), built from audited fundamentals. The current price: 1.90 SGD.
What is the quality score of BTM?
PENGUIN INTERNATIONAL LIMITED has a Quality Score of 49/100. 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 PENGUIN INTERNATIONAL LIMITED (BTM)?
Our model-based price target is the fair value of 2.74 SGD (as of Sep 23, 2026) from 15 valuation models. Cautious scenario 2.05 SGD, optimistic scenario 3.45 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the PENGUIN INTERNATIONAL LIMITED stock forecast for 2026?
Our models put fair value at 2.74 SGD, about +44% upside versus a price of 1.90 SGD (undervalued). Cautious scenario 2.05 SGD, optimistic scenario 3.45 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of PENGUIN INTERNATIONAL LIMITED (BTM)?
PENGUIN INTERNATIONAL LIMITED reported trailing-twelve-month revenue of about 267M SGD (latest available figure, as of Sep 23, 2026).
Does PENGUIN INTERNATIONAL LIMITED pay a dividend?
PENGUIN INTERNATIONAL LIMITED currently shows a dividend yield of about 2.63% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of PENGUIN INTERNATIONAL LIMITED (BTM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PENGUIN INTERNATIONAL LIMITED it is 2.74 SGD per share (as of Sep 23, 2026), against a price of 1.90 SGD. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is PENGUIN INTERNATIONAL LIMITED stock overvalued or undervalued in 2026?
As of Sep 23, 2026, BTM trades below its calculated fair value: price 1.90 SGD, fair value 2.74 SGD, a gap of about +44% (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 BTM?
No. The price is what the market pays today (1.90 SGD); the fair value is what the company's own numbers justify (2.74 SGD). For PENGUIN INTERNATIONAL LIMITED the two are 0.8400 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is PENGUIN INTERNATIONAL LIMITED worth?
The market values PENGUIN INTERNATIONAL LIMITED at about 418M SGD (market capitalisation, as of Sep 23, 2026). Per share that is 1.90 SGD; our models calculate a fair value of 2.74 SGD per share.
What do the bullish and bearish scenarios say about BTM?
Our models span a range for PENGUIN INTERNATIONAL LIMITED: cautious scenario 2.05 SGD, base 2.74 SGD, optimistic 3.45 SGD per share (as of Sep 23, 2026, price 1.90 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BTM?
PENGUIN INTERNATIONAL LIMITED trades at a price-to-earnings ratio of 11.9 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2.74 SGD is built from several models across several years. Other multiples: P/B 1.1, P/S 1.2, EV/EBITDA 5.6.
How solid is the balance sheet of PENGUIN INTERNATIONAL LIMITED (BTM)?
Balance-sheet figures for PENGUIN INTERNATIONAL LIMITED (as of Sep 23, 2026): return on equity 13.3%, debt of 0.12 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is BTM from its 52-week high?
PENGUIN INTERNATIONAL LIMITED trades at 1.90 SGD, about 5% below its 52-week high of 1.99 SGD and 64% above the low of 1.16 SGD (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 2.74 SGD is for.
Which stocks are comparable to PENGUIN INTERNATIONAL LIMITED?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Safran SA, 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 PENGUIN INTERNATIONAL LIMITED stock attractive at the current price?
The data as of Sep 23, 2026: price 1.90 SGD, calculated fair value 2.74 SGD (+44%), Quality Score 49/100, from 15 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 BTM calculated?
We run PENGUIN INTERNATIONAL LIMITED through 15 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 2.74 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 13.0 % above its aggregate fair value. PENGUIN INTERNATIONAL LIMITED currently trades 44 % 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 PENGUIN INTERNATIONAL LIMITED (BTM)?
The closing price on Sep 23, 2026 was 1.90 SGD. Our model-based fair value is 2.74 SGD, about +44% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PENGUIN INTERNATIONAL LIMITED right now?
The price is below even our cautious bear case (2.05 SGD). The market is more pessimistic than our downside scenario. Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of PENGUIN INTERNATIONAL LIMITED
How large is the market capitalisation of PENGUIN INTERNATIONAL LIMITED (BTM)?
The market capitalisation of PENGUIN INTERNATIONAL LIMITED is 418M SGD (≈ $327M). 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 PENGUIN INTERNATIONAL LIMITED (BTM)?
The price-to-sales ratio of PENGUIN INTERNATIONAL LIMITED is 1.58 (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 PENGUIN INTERNATIONAL LIMITED (BTM)?
Earnings per share at PENGUIN INTERNATIONAL LIMITED are 0.1600 SGD (price ÷ EPS = P/E 11.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of PENGUIN INTERNATIONAL LIMITED (BTM)?
The dividend yield of PENGUIN INTERNATIONAL LIMITED is 2.6% (payout 31.3%). 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 PENGUIN INTERNATIONAL LIMITED (BTM)?
The net margin of PENGUIN INTERNATIONAL LIMITED is 13.3% (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 PENGUIN INTERNATIONAL LIMITED (BTM)?
The return on equity (ROE) of PENGUIN INTERNATIONAL LIMITED is 13.3% (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 PENGUIN INTERNATIONAL LIMITED (BTM)?
On an EBIT basis the return on assets of PENGUIN INTERNATIONAL LIMITED is 5.3% (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 PENGUIN INTERNATIONAL LIMITED (BTM)?
The operating margin of PENGUIN INTERNATIONAL LIMITED is 16.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PENGUIN INTERNATIONAL LIMITED (BTM)?
Revenue at PENGUIN INTERNATIONAL LIMITED is growing −17.6% versus a year earlier (3y avg +25.4%). 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 PENGUIN INTERNATIONAL LIMITED (BTM)?
Earnings per share at PENGUIN INTERNATIONAL LIMITED are growing −12.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PENGUIN INTERNATIONAL LIMITED (BTM) generate?
The free cash flow of PENGUIN INTERNATIONAL LIMITED is −19.7M SGD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does PENGUIN INTERNATIONAL LIMITED (BTM) carry?
The net debt of PENGUIN INTERNATIONAL LIMITED is 23.9M SGD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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