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Frasers Logistics & Commercial Trust (BUOU) Fair Value & Analysis

Real Estate · SG · Market cap 3.7B SGD

FL Frasers Logistics & Commercial Trust BUOU · SG
Price0.9650 SGD
Fair Value0.8600 SGD
Upside-10.9%
Quality65/100
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Evidence: High Range 0.6000 SGD – 1.07 SGD

Fair value as of: Jul 4, 2026

From 24 valuation models · updated today

Share price −2.5% over the past month.

Price vs Fair Value (12 months)

1.02 SGD 0.7944 SGD Fair Value 0.8600 SGD Jul 2025 Jul 2026

12‑month range 0.7944 SGD – 1.02 SGD · fair‑value band 0.6000 SGD – 1.07 SGD · the 0.9650 SGD price screens above the 0.8600 SGD fair value. As of Jul 4, 2026.

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Analysis

Frasers Logistics & Commercial Trust (BUOU) currently trades at 0.9650 SGD, while our model-based Fair Value estimate is 0.8600 SGD — implying the stock looks roughly 10.9% overvalued today. We read business quality at 65/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Frasers Logistics & Commercial Trust generated revenue of 478M SGD at a net margin of 44.5%. Revenue grew 2.8% year over year. It earns a return on equity of 5.2%. Net debt stands at 2.2B SGD. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 478M SGD
Revenue growth (YoY) +2.8%
Net margin 44.5%
Return on equity 5.2%
Free cash flow 252M SGD FY2025
P/E ratio 16.1
More key figures
Operating margin 64.2%
EPS (TTM) 0.0600 SGD
Dividend yield 6.2%
EPS growth (YoY) +8.9%
Net debt 2.2B SGD FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

Frasers Logistics & Commercial Trust is a Singapore-listed real estate investment trust. With a portfolio comprising 113 industrial and commercial properties, worth approximately S7.0 billion dollars as at 31 March 2026, diversified across five major developed markets " Australia, Germany, Singapore, the United Kingdom and the Netherlands. FLCT was listed on the Mainboard of Singapore Exchange Securities Trading Limited (SGX-ST) on 20 June 2016 as Frasers Logistics & Industrial Trust and was subsequently renamed Frasers Logistics & Commercial Trust on 29 April 2020 following the completion of a merger with Frasers Commercial Trust. FLCT's investment strategy is to invest globally in a diversified portfolio of income-producing properties used predominantly for logistics or industrial purposes located globally, or commercial purposes (comprising primarily CBD office space) or business park purposes (comprising primarily non-CBD office space and/or research and development space) …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Frasers Logistics & Commercial Trust reported revenue of 471M SGD in FY2025 versus 469M SGD in FY2021, a compound +0.1%/yr. Reported net income was 205M SGD in FY2025, compounding −27.2%/yr from FY2021.

Revenue +0.1%/yr
FY21 469M SGD
FY22 450M SGD
FY23 421M SGD
FY24 447M SGD
FY25 471M SGD
Net income −27.2%/yr
FY21 731M SGD
FY22 729M SGD
FY23 −103M SGD
FY24 148M SGD
FY25 205M SGD

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Frequently asked questions

Is Frasers Logistics & Commercial Trust (BUOU) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 0.8600 SGD versus a price of 0.9650 SGD — about −11% (overvalued). Model-based estimate, not financial advice.
What is the fair value of BUOU?
Our model-based fair value for Frasers Logistics & Commercial Trust is 0.8600 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 0.9650 SGD.
What is the quality score of BUOU?
Frasers Logistics & Commercial Trust has a Quality Score of 65/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Frasers Logistics & Commercial Trust (BUOU)?
Frasers Logistics & Commercial Trust reported trailing-twelve-month revenue of about 478M SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of BUOU?
The net profit margin of Frasers Logistics & Commercial Trust is about 44.5%, meaning it keeps roughly 44.5% of revenue as net income. Based on the latest reported figures.
Does Frasers Logistics & Commercial Trust pay a dividend?
Frasers Logistics & Commercial Trust currently shows a dividend yield of about 6.18% relative to its recent price (as of Jul 4, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.