CHEMICAL INDUSTRIES (F.E.) LTD (C05) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of CHEMICAL INDUSTRIES (F.E.) LTD stock S$0.74, price S$0.47, upside +60.0%, quality 55 out of 100. Rating: strongly undervalued. Calculated from audited financials with 11 of our 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. As of Nov 3, 2026.
How to read this chart
60‑month range 0.4324 SGD – 0.7421 SGD · fair‑value band 0.6565 SGD – 0.9045 SGD · the 0.4650 SGD price screens below the 0.7440 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Chemical Industries (Far East) Limited, an investment holding company, manufactures and sells chemicals in Singapore and Myanmar. The company operates in two segments, Industrial Chemicals and Properties.
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It engages in the manufacture and wholesale of sodium hypochlorite; and manufacture of basic chemicals, as well as offers sodium hydroxide, chlorine, hydrochloric acid, and calcium hydroxide for water treatment chemicals and electronics; and distribution and transportation services.
The company also manages and rents commercial properties; and act as a proprietor of commercial buildings. In addition, it offers lab, engineering, wastewater management, and tolling services. The company was incorporated in 1962 and is based in Singapore.
Stock analysis
CHEMICAL INDUSTRIES (F.E.) LTD (C05) currently trades at 0.4650 SGD, while our model-based Fair Value estimate is 0.7440 SGD, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 0.5550 SGD per share, and 10 of the 11 models we run sit above the 0.4650 SGD price.
Bear case: the Asset-Based group reads lowest at 0.1400 SGD, and 1 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.6565 SGD (bear) to 0.9045 SGD (bull), the price of 0.4650 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 55/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
CHEMICAL INDUSTRIES (F.E.) LTD reported revenue of 60.6M SGD in FY2026 versus 85.0M SGD in FY2022, a compound −8.1%/yr. Reported net income was −919K SGD in FY2026.
Key figures
Market cap 35.3M SGD (≈ $27.5M) Micro · P/S ratio 0.66 · EPS (TTM) −0.0100 SGD · Dividend yield 1.1% · Net margin −1.5% · Return on equity −0.9% · Return on assets (EBIT) −3.2% (5-year average) · Operating margin 0.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −15% fair-value upside, at 60%, C05 screens cheaper than that median.
Fair Value models
Bear0.6565 SGDFair Value 0.7440 SGDBull0.9045 SGD
Price 0.4650 SGD · Upside +60.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCF0.4400 SGD0.5100 SGD0.6300 SGD82
Growth DCF0.4500 SGD0.5100 SGD0.6200 SGD80
Owner Earnings0.5100 SGD0.5900 SGD0.7500 SGD78
All 11 models by family
DCF Models
FCF DCF0.4400 SGD0.5100 SGD0.6300 SGD82
Owner Earnings0.5100 SGD0.5900 SGD0.7500 SGD78
5Y Revenue Exit0.4200 SGD0.4800 SGD0.5800 SGD74
5Y EBITDA Exit0.4800 SGD0.5900 SGD0.7300 SGD77
10Y Revenue Exit0.4200 SGD0.4700 SGD0.5200 SGD68
10Y EBITDA Exit0.4600 SGD0.5300 SGD0.6100 SGD70
Multiples
EV/EBITDA0.5400 SGD0.6300 SGD0.7300 SGD67
EV/Revenue0.4100 SGD0.4800 SGD0.5400 SGD54
Asset-Based
NCAV (Graham)0.0900 SGD0.1400 SGD0.1700 SGD55
Growth DCF
Growth DCF0.4500 SGD0.5100 SGD0.6200 SGD80
Rev-Margin DCF0.4200 SGD0.4900 SGD0.5700 SGD74
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.21/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−7.3%
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.
−15.4%
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.
−0.8%
Start year 2021 (pandemic). Over 10 years: −2.5% 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.
−4.1%
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Profit margin (trend) ⓘ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.
7.9% (2021) → −2.5% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−26.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about −27.6% a year for the price.
Compare CHEMICAL INDUSTRIES (F.E.) LTD with another stock
Price, fair value, quality and upside side by side.
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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.Chemicals · 337 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+60.0% · Top 25%
Profitability
Return on assets−0.7% · Bottom 25%
Net margin (12 months)−1.5% · Bottom 25%
Operating margin (12 months)0.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−4.5% · Bottom 25%
Dividend yield (12 months)1.1% · Below median
Valuation Multiplesvs Chemicals median · lower = cheaper
P/B0.34× · Cheapest 25%
P/S (12 months)0.58× · Cheapest 25%
Price / free cash flow (fiscal year)28.3× · Pricier than median
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Is CHEMICAL INDUSTRIES (F.E.) LTD (C05) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 0.7440 SGD versus a price of 0.4650 SGD, about +60% upside (undervalued).
What is the fair value of C05?
Our model-based fair value for CHEMICAL INDUSTRIES (F.E.) LTD is 0.7440 SGD (as of Nov 3, 2026), built from audited fundamentals. The current price: 0.4650 SGD.
What is the quality score of C05?
CHEMICAL INDUSTRIES (F.E.) LTD has a Quality Score of 55/100. 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 CHEMICAL INDUSTRIES (F.E.) LTD (C05)?
Our model-based price target is the fair value of 0.7440 SGD (as of Nov 3, 2026) from 11 valuation models. Cautious scenario 0.6565 SGD, optimistic scenario 0.9045 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the CHEMICAL INDUSTRIES (F.E.) LTD stock forecast for 2026?
Our models put fair value at 0.7440 SGD, about +60% upside versus a price of 0.4650 SGD (undervalued). Cautious scenario 0.6565 SGD, optimistic scenario 0.9045 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of CHEMICAL INDUSTRIES (F.E.) LTD (C05)?
CHEMICAL INDUSTRIES (F.E.) LTD reported trailing-twelve-month revenue of about 60.6M SGD (latest available figure, as of Nov 3, 2026).
Does CHEMICAL INDUSTRIES (F.E.) LTD pay a dividend?
CHEMICAL INDUSTRIES (F.E.) LTD currently shows a dividend yield of 1.08% relative to its recent price (as of Nov 3, 2026).
What growth is priced into CHEMICAL INDUSTRIES (F.E.) LTD (C05)?
For today's price to be fair in a discounted-cash-flow model, CHEMICAL INDUSTRIES (F.E.) LTD would have to grow free cash flow by -26.1 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.8 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of C05 use?
Our models discount CHEMICAL INDUSTRIES (F.E.) LTD at 9.5 %: a base by market capitalisation (nano), country premium for Singapore. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For CHEMICAL INDUSTRIES (F.E.) LTD that is -26.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has CHEMICAL INDUSTRIES (F.E.) LTD (C05) delivered so far?
Over the past 5 years revenue at CHEMICAL INDUSTRIES (F.E.) LTD grew -0.8 % a year. The price currently implies free-cash-flow growth of -26.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of CHEMICAL INDUSTRIES (F.E.) LTD (C05) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into CHEMICAL INDUSTRIES (F.E.) LTD (-26.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CHEMICAL INDUSTRIES (F.E.) LTD (C05)?
The free-cash-flow yield on the price is 3.53 %: that much free cash flow CHEMICAL INDUSTRIES (F.E.) LTD produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CHEMICAL INDUSTRIES (F.E.) LTD (C05)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CHEMICAL INDUSTRIES (F.E.) LTD it is 0.7440 SGD per share (as of Nov 3, 2026), against a price of 0.4650 SGD. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is CHEMICAL INDUSTRIES (F.E.) LTD stock overvalued or undervalued in 2026?
As of Nov 3, 2026, C05 trades below its calculated fair value: price 0.4650 SGD, fair value 0.7440 SGD, a gap of about +60% (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 C05?
No. The price is what the market pays today (0.4650 SGD); the fair value is what the company's own numbers justify (0.7440 SGD). For CHEMICAL INDUSTRIES (F.E.) LTD the two are 0.2790 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is CHEMICAL INDUSTRIES (F.E.) LTD worth?
The market values CHEMICAL INDUSTRIES (F.E.) LTD at about 35.3M SGD (market capitalisation, as of Nov 3, 2026). Per share that is 0.4650 SGD; our models calculate a fair value of 0.7440 SGD per share.
What do the bullish and bearish scenarios say about C05?
Our models span a range for CHEMICAL INDUSTRIES (F.E.) LTD: cautious scenario 0.6565 SGD, base 0.7440 SGD, optimistic 0.9045 SGD per share (as of Nov 3, 2026, price 0.4650 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of C05?
The PEG ratio of CHEMICAL INDUSTRIES (F.E.) LTD is 1.86 (P/E divided by earnings growth, as of Nov 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of CHEMICAL INDUSTRIES (F.E.) LTD (C05)?
Balance-sheet figures for CHEMICAL INDUSTRIES (F.E.) LTD (as of Nov 3, 2026): return on equity −0.9%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is C05 from its 52-week high?
CHEMICAL INDUSTRIES (F.E.) LTD trades at 0.4650 SGD, about 31% below its 52-week high of 0.6698 SGD and 1% above the low of 0.4614 SGD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.7440 SGD is for.
Which stocks are comparable to CHEMICAL INDUSTRIES (F.E.) LTD?
From the same area (Basic Materials) we also value BASF SE, Dow Inc, Ningxia Baofeng Energy Group, Zangge Mining Company, 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 CHEMICAL INDUSTRIES (F.E.) LTD stock attractive at the current price?
The data as of Nov 3, 2026: price 0.4650 SGD, calculated fair value 0.7440 SGD (+60%), Quality Score 55/100, from 11 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 C05 calculated?
We run CHEMICAL INDUSTRIES (F.E.) LTD through 11 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 0.7440 SGD builds on their evidence-weighted average, 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 12.7% above its aggregate fair value. CHEMICAL INDUSTRIES (F.E.) LTD currently trades 38% 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 CHEMICAL INDUSTRIES (F.E.) LTD (C05)?
The closing price on Nov 6, 2026 was 0.4650 SGD. Our model-based fair value is 0.7440 SGD, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CHEMICAL INDUSTRIES (F.E.) LTD right now?
The price is below even our cautious bear case (0.6565 SGD). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of CHEMICAL INDUSTRIES (F.E.) LTD
How large is the market capitalisation of CHEMICAL INDUSTRIES (F.E.) LTD (C05)?
The market capitalisation of CHEMICAL INDUSTRIES (F.E.) LTD is 35.3M SGD (≈ $27.5M). 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 CHEMICAL INDUSTRIES (F.E.) LTD (C05)?
The price-to-sales ratio of CHEMICAL INDUSTRIES (F.E.) LTD is 0.66 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of CHEMICAL INDUSTRIES (F.E.) LTD (C05)?
Earnings per share at CHEMICAL INDUSTRIES (F.E.) LTD are −0.0100 SGD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CHEMICAL INDUSTRIES (F.E.) LTD (C05)?
The dividend yield of CHEMICAL INDUSTRIES (F.E.) LTD is 1.1%. 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 CHEMICAL INDUSTRIES (F.E.) LTD (C05)?
The net margin of CHEMICAL INDUSTRIES (F.E.) LTD is −1.5% (last twelve months). 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 CHEMICAL INDUSTRIES (F.E.) LTD (C05)?
The return on equity (ROE) of CHEMICAL INDUSTRIES (F.E.) LTD is −0.9% (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 CHEMICAL INDUSTRIES (F.E.) LTD (C05)?
On an EBIT basis the return on assets of CHEMICAL INDUSTRIES (F.E.) LTD is −3.2% (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 CHEMICAL INDUSTRIES (F.E.) LTD (C05)?
The operating margin of CHEMICAL INDUSTRIES (F.E.) LTD is 0.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CHEMICAL INDUSTRIES (F.E.) LTD (C05)?
Revenue at CHEMICAL INDUSTRIES (F.E.) LTD is growing −4.5% versus a year earlier (3y avg −15.4%). 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 CHEMICAL INDUSTRIES (F.E.) LTD (C05)?
Earnings per share at CHEMICAL INDUSTRIES (F.E.) LTD are growing +123% versus a year earlier. How much earnings per share grew versus a year earlier.
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Thin data
Nov 3, 2026