CH Offshore Ltd (C13) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of CH Offshore Ltd S$0.01, price S$0.01, upside -7.3%, quality 30 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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CH Offshore Ltd., together with its subsidiaries, provides offshore marine assets and services in Singapore, Malaysia, Indonesia, Africa, and Mexico. The company owns, charters, and operates a fleet of vessels, including anchor handling tugs, platform supply vessels, work boats, and lift boats.
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CH Offshore Ltd., together with its subsidiaries, provides offshore marine assets and services in Singapore, Malaysia, Indonesia, Africa, and Mexico. The company owns, charters, and operates a fleet of vessels, including anchor handling tugs, platform supply vessels, work boats, and lift boats. It also provides offshore construction support; support services to offshore drilling rigs and installations, such as towing, anchor-handling, and supply of deck, liquid, and dry bulk cargoes, as well as dangerous goods; and field support services comprising emergency response, rescue, fire-fighting, anti-pollution, and others. In addition, the company engages in ship management and trading. It serves offshore marine, oil and gas, and renewables industries. The company was formerly known as Mico Line Pte Ltd and changed its name to CH Offshore Ltd. in February 2003. CH Offshore Ltd. was incorporated in 1976 and is based in Singapore. The company operates as a subsidiary of BT Investment Pte. Ltd.
Stock analysis
CH Offshore Ltd (C13) currently trades at 0.0110 SGD, while our model-based Fair Value estimate is 0.0102 SGD, so the stock looks roughly fairly valued today (gap 7.8%).
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Valuation
Bull case: the Economic Profit group reads highest at a median of 0.0200 SGD per share, and 13 of the 13 models we run sit above the 0.0110 SGD price.
Bear case: the DCF Models group reads lowest at 0.0200 SGD, and 0 of the 13 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 30/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
CH Offshore Ltd reported revenue of $20.8M in FY2025 versus $15.5M in FY2021, a compound +7.6%/yr. Reported net income was −$1.9M in FY2025.
Key figures
Market cap 23.3M SGD (≈ $18.2M) · P/S ratio 1.22 · Net margin −9.1% · Return on equity −6.6% · Return on assets (EBIT) −0.7% · Operating margin −15.7% · Revenue (TTM) $19.1M · Revenue growth (YoY) −15.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −32% fair-value upside, at −7%, C13 screens cheaper than that median.
Fair Value models
Bear 0.0102 SGDFair Value 0.0102 SGDBull 0.0102 SGD
Price 0.0110 SGD · Upside -7.3%
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.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.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.21/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−20.6%
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.
+3.8%
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.
+1.9%
Start year 2020 (pandemic). Over 10 years: −1.7% 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.
−4.3%
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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.
−102.4% (2020) → 7.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+2.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +0.4% a year for the price.
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.Oil & Gas Equipment & Services · 182 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score30 · Bottom 25%
Fair Value upside−7.3% · Above median
Profitability
Return on assets−2.3% · Bottom 25%
Net margin (TTM)−17.6% · Bottom 25%
Operating margin (TTM)−15.7% · Bottom 25%
Growth and dividend
Revenue growth−15.9% · Bottom 25%
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
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Is CH Offshore Ltd (C13) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 0.0102 SGD versus a price of 0.0110 SGD, about −7% upside (fairly valued).
What is the fair value of C13?
Our model-based fair value for CH Offshore Ltd is 0.0102 SGD (as of Oct 3, 2026), built from audited fundamentals. The current price: 0.0110 SGD.
What is the quality score of C13?
CH Offshore Ltd has a Quality Score of 30/100. 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 CH Offshore Ltd (C13)?
Our model-based price target is the fair value of 0.0102 SGD (as of Oct 3, 2026) from 13 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the CH Offshore Ltd stock forecast for 2026?
Our models put fair value at 0.0102 SGD, about −7% upside versus a price of 0.0110 SGD (fairly valued). The calculation is refreshed regularly with new filings.
What is the revenue of CH Offshore Ltd (C13)?
CH Offshore Ltd reported trailing-twelve-month revenue of about $19.1M (latest available figure, as of Oct 3, 2026).
What growth is priced into CH Offshore Ltd (C13)?
For today's price to be fair in a discounted-cash-flow model, CH Offshore Ltd would have to grow free cash flow by +2.8 % 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 +1.9 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of C13 use?
Our models discount CH Offshore 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 CH Offshore Ltd that is +2.8 % per year a year over ten years, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has CH Offshore Ltd (C13) delivered so far?
Over the past 5 years revenue at CH Offshore Ltd grew +1.9 % a year. The price currently implies +2.8 % per year free-cash-flow growth a 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 CH Offshore Ltd (C13) growing?
The median revenue growth in the sector is +11.4 % a year. That is the yardstick for the growth priced into CH Offshore Ltd (+2.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CH Offshore Ltd (C13)?
The free-cash-flow yield on the price is 7.32 %: that much free cash flow CH Offshore 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 CH Offshore Ltd (C13)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CH Offshore Ltd it is 0.0102 SGD per share (as of Oct 3, 2026), against a price of 0.0110 SGD. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is CH Offshore Ltd stock overvalued or undervalued in 2026?
As of Oct 3, 2026, C13 trades above its calculated fair value: price 0.0110 SGD, fair value 0.0102 SGD, a gap of about −7% (fairly valued). 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 C13?
No. The price is what the market pays today (0.0110 SGD); the fair value is what the company's own numbers justify (0.0102 SGD). For CH Offshore Ltd the two are 0.0008 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is CH Offshore Ltd worth?
The market values CH Offshore Ltd at about 23.3M SGD (market capitalisation, as of Oct 3, 2026). Per share that is 0.0110 SGD; our models calculate a fair value of 0.0102 SGD per share.
What is the PEG ratio of C13?
The PEG ratio of CH Offshore Ltd is 0.76 (P/E divided by earnings growth, as of Oct 3, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of CH Offshore Ltd (C13)?
Balance-sheet figures for CH Offshore Ltd (as of Oct 3, 2026): return on equity −6.6%. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is C13 from its 52-week high?
CH Offshore Ltd trades at 0.0110 SGD, about 39% below its 52-week high of 0.0180 SGD and at the low of 0.0110 SGD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0102 SGD is for.
Which stocks are comparable to CH Offshore Ltd?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, TechnipFMC plc, Halliburton 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 CH Offshore Ltd stock attractive at the current price?
The data as of Oct 3, 2026: price 0.0110 SGD, calculated fair value 0.0102 SGD (−7%), Quality Score 30/100, from 13 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 C13 calculated?
We run CH Offshore Ltd through 13 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 0.0102 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 14.9 % above its aggregate fair value. CH Offshore Ltd itself currently trades above fair value. 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 CH Offshore Ltd (C13)?
The closing price on Oct 2, 2026 was 0.0110 SGD. Our model-based fair value is 0.0102 SGD, about −7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CH Offshore Ltd right now?
The price sits above even our optimistic bull case (0.0102 SGD). The favourable scenario is already priced in. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of CH Offshore Ltd
How large is the market capitalisation of CH Offshore Ltd (C13)?
The market capitalisation of CH Offshore Ltd is 23.3M SGD (≈ $18.2M). 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 CH Offshore Ltd (C13)?
The price-to-sales ratio of CH Offshore Ltd is 1.22 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of CH Offshore Ltd (C13)?
The net margin of CH Offshore Ltd is −9.1% (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 CH Offshore Ltd (C13)?
The return on equity (ROE) of CH Offshore Ltd is −6.6% (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 CH Offshore Ltd (C13)?
On an EBIT basis the return on assets of CH Offshore Ltd is −0.7% (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 CH Offshore Ltd (C13)?
The operating margin of CH Offshore Ltd is −15.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CH Offshore Ltd (C13)?
Revenue at CH Offshore Ltd is growing −15.9% versus a year earlier (3y avg +3.8%). 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 CH Offshore Ltd (C13)?
Earnings per share at CH Offshore Ltd are growing −62.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does CH Offshore Ltd (C13) carry?
The net debt of CH Offshore Ltd is $1.5M (fiscal year 2023, ≈ 1.2 yrs of FCF). 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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