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Courage Investment Group (CIN) Fair Value & Analysis

Industrials · SG · Market cap 19.8M SGD

CI Courage Investment Group CIN · SG
Price0.0180 SGD
Fair Value0.0202 SGD
Upside+12.0%
Quality53/100
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Evidence: Medium Range 0.0184 SGD – 0.0202 SGD

Fair value as of: Jul 4, 2026

From 13 valuation models · updated today

Share price −10.0% over the past month.

Price vs Fair Value (12 months)

0.0300 SGD 0.0160 SGD Fair Value 0.0202 SGD Jul 2025 Jul 2026

12‑month range 0.0160 SGD – 0.0300 SGD · fair‑value band 0.0184 SGD – 0.0202 SGD · the 0.0180 SGD price screens below the 0.0202 SGD fair value. As of Jul 4, 2026.

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Analysis

Courage Investment Group (CIN) currently trades at 0.0180 SGD, while our model-based Fair Value estimate is 0.0202 SGD — implying the stock looks roughly 12.0% undervalued today. We read business quality at 53/100 (solid quality), in the Industrials 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: medium) — always confirm before acting.

Over the trailing twelve months, Courage Investment Group generated revenue of 18.6M SGD at a net margin of -1.9%. Revenue grew 245.8% year over year. It earns a return on equity of -0.6%. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 18.6M SGD
Revenue growth (YoY) +246%
Net margin -1.9%
Return on equity -0.6%
Free cash flow −10.4M SGD FY2024
Operating margin 15.8%
More key figures
EPS growth (YoY) +217%
Net debt 677K SGD FY2022

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

About the company

Courage Investment Group Limited, an investment holding company, provides marine transportation services in Hong Kong and rest of Asia. It operates through Marine Transportation and Investment Holding segments. The company offers vessel chartering and management services. The company was formerly known as Courage Marine Group Limited and changed its name to Courage Investment Group Limited in September 2017. Courage Investment Group Limited was founded in 2001 and is headquartered in Wan Chai, Hong Kong.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Courage Investment Group reported revenue of 9.2M SGD in FY2024 versus 7.9M SGD in FY2020, a compound +3.8%/yr. Reported net income was 1.7M SGD in FY2024.

Revenue +3.8%/yr
FY20 7.9M SGD
FY21 9.7M SGD
FY22 12.4M SGD
FY23 8.5M SGD
FY24 9.2M SGD
Net income
FY20 −3.5M SGD
FY21 10.5M SGD
FY22 1.1M SGD
FY23 −4.0M SGD
FY24 1.7M SGD

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Frequently asked questions

Is Courage Investment Group (CIN) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 0.0202 SGD versus a price of 0.0180 SGD — about +12% (undervalued). Model-based estimate, not financial advice.
What is the fair value of CIN?
Our model-based fair value for Courage Investment Group is 0.0202 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 0.0180 SGD.
What is the quality score of CIN?
Courage Investment Group has a Quality Score of 53/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Courage Investment Group (CIN)?
Courage Investment Group reported trailing-twelve-month revenue of about 18.6M SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of CIN?
The net profit margin of Courage Investment Group is about -1.9%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.