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Baker Technology Limited (BTP) Fair Value & Analysis

Energy · SG · Market cap 87.1M SGD

BT Baker Technology Limited BTP · SG
Price0.4550 SGD
Fair Value0.5800 SGD
Upside+27.5%
Quality40/100
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Weak Growth
Loss-making · -52.5% net margin
Low debt · negative free cash flow
3.19% dividend yield
Trails peers (4/11)
Narrow moat 12/100
Evidence: Low Range 0.3800 SGD – 0.7200 SGD Share as image

Fair value as of: Aug 9, 2026

From 1 valuation models · updated 2 days ago

Fair value updated Aug 9, 2026, revised from 0.2900 SGD to 0.5800 SGD (+100.0%) since Jul 4, 2026.

Below-average quality, screening 27% undervalued on our models.

What matters now

  • A fairly wide model range (0.3800 SGD to 0.7200 SGD) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

0.6271 SGD 0.2744 SGD Fair Value 0.5800 SGD Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.

How to read this chart

60‑month range 0.2744 SGD – 0.6271 SGD · fair‑value band 0.3800 SGD – 0.7200 SGD · the 0.4550 SGD price screens below the 0.5800 SGD fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Baker Technology Limited (BTP) currently trades at 0.4550 SGD, while our model-based Fair Value estimate is 0.5800 SGD, implying the stock looks roughly 27.5% undervalued today. The Quality Score stands at 40/100 (below-average quality), in the Energy 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: low), always confirm before acting.

Over the trailing twelve months, Baker Technology Limited generated revenue of 48.4M SGD at a net margin of -52.5%. Revenue declined 35.8% year over year. It earns a return on equity of -10.1%. Fundamentals as of Aug 9, 2026

Our scenario range runs from 0.3800 SGD (bear case) to 0.7200 SGD (bull case); at 0.4550 SGD, the current price sits within 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 22% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -36% fair-value upside, at 27%, BTP 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
NCAV (Graham) 0.5000 SGD 0.6700 SGD 1.01 SGD 50
All 1 models by family
Asset-Based
NCAV (Graham) 0.5000 SGD 0.6700 SGD 1.01 SGD 50

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Key figures & financial health

Revenue (TTM) 48.4M SGD
Revenue growth (YoY) -35.8%
Net margin -52.5%
Return on equity -10.1%
Free cash flow −11.8M SGD FY2025
Operating margin -32.8%
More key figures
EPS (TTM) -0.1300 SGD
Dividend yield 3.2%
EPS growth (YoY) +50.3%

Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 42 · Market factors (momentum, volatility) 41

Profitability 1
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 15
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

Baker Technology Limited, together with its subsidiaries, provides specialized marine offshore equipment and services for the oil and gas industry in the Asia Pacific, Africa, Europe, Singapore, the Middle East, the Americas, and China. It operates through Marine Offshore, Corporate, and Investments segments.

Full company description

Baker Technology Limited, together with its subsidiaries, provides specialized marine offshore equipment and services for the oil and gas industry in the Asia Pacific, Africa, Europe, Singapore, the Middle East, the Americas, and China. It operates through Marine Offshore, Corporate, and Investments segments. The company is involved in design, construction, operation, and chartering of mobile offshore units and offshore supply vessels; and design and construction of a range of critical equipment and components for the marine offshore industry, including offshore pedestal cranes, anchor winches, skidding systems, jacking systems, raw water tower structures, and wind turbine installation equipment. It also provides engineering services and other services, such as project management, quality assurance, and construction supervision; maintenance and repair services for offshore equipment; steel products and components fabrication services; product customization, refurbishment, and replacement support services; and offshore marine logistics support services, as well as ship owning and chartering; chartering of vessels and ship management; trading services; treasury functions; and corporate services. The company was formerly known as Wassall Asia Pacific Limited and changed its name to Baker Technology Limited in July 2000. Baker Technology Limited was incorporated in 1981 and is based in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Baker Technology Limited reported revenue of 48.4M SGD in FY2025 versus 69.5M SGD in FY2021, a compound −8.6%/yr. Reported net income was −25.4M SGD in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
48.4M SGD
Latest YoY
−47.4%
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.
−21.1%
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.
−5.2%
Avg. growth/yr (12Y) 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.
−4.4%
Revenue −8.6%/yr
FY21 69.5M SGD
FY22 98.5M SGD
FY23 91.4M SGD
FY24 92.0M SGD
FY25 48.4M SGD
Net income
FY21 5.9M SGD
FY22 13.4M SGD
FY23 8.3M SGD
FY24 18.2M SGD
FY25 −25.4M SGD

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Cite: Fair Value Calculator (2026). "Baker Technology Limited Fair Value". https://www.fairvalue-calculator.com/stock/BTP

Peer Group

Oil & Gas Equipment & Services · 191 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 42 · Below median
Fair Value upside +28% · Top 25%
Return on assets -4% · Bottom 25%
Net margin (TTM) -52% · Bottom 25%
Operating margin (TTM) -33% · Bottom 25%
Revenue growth -36% · Bottom 25%
Dividend yield (TTM) 3.2% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Oil & Gas Equipment & Services median · lower = cheaper

P/B 0.33× · Cheaper than 75% of peers
P/S (TTM) 1.40× · 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 70 · sector 0
FUTURE 0 · sector 0
PAST 0 · sector 28
HEALTH 98 · sector 92
DIVIDEND 64 · sector 31

Values & ESG

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

Oil & gas

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

Similar stocks

10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).

Stock Price Fair Value vs Fair Value
SLB N.V SLBN 836.00 MXN 533.97 MXN -36%
Baker Hughes Company BKR $55.95 $33.55 -40%
TechnipFMC plc FTI $74.57 $27.57 -63%
Halliburton Company HAL $35.22 $21.50 -39%
Tenaris S.A TS $57.16 $45.68 -20%
Yantai Jereh Oilfield Services Group 002353 ¥138.79 ¥34.17 -75%
Saipem SpA SPM €4.20 €2.72 -35%
Subsea 7 S.A SUBC kr 319.00 kr 227.98 -29%
China Oilfield Services Limited 601808 ¥12.08 ¥12.64 +5%
Gaztransport & Technigaz SA GTT €188.10 €95.01 -49%

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Frequently asked questions

Is Baker Technology Limited (BTP) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of 0.5800 SGD versus a price of 0.4550 SGD, about +27% (undervalued).
What is the fair value of BTP?
Our model-based fair value for Baker Technology Limited is 0.5800 SGD (as of Aug 9, 2026), built from audited fundamentals. The current price is 0.4550 SGD.
What is the quality score of BTP?
Baker Technology Limited has a Quality Score of 40/100. 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 Baker Technology Limited (BTP)?
Baker Technology Limited reported trailing-twelve-month revenue of about 48.4M SGD (latest available figure, as of Aug 9, 2026).
What is the net profit margin of BTP?
The net profit margin of Baker Technology Limited is about -52.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Baker Technology Limited pay a dividend?
Baker Technology Limited currently shows a dividend yield of about 3.19% relative to its recent price (as of Aug 9, 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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