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FRENCKEN GROUP LIMITED (E28) Fair Value & Analysis

Technology · SG · Market cap 1.3B SGD

FG FRENCKEN GROUP LIMITED E28 · SG
Price2.76 SGD
Fair Value2.55 SGD
Upside-7.6%
Quality71/100
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Healthy Growth
Thin margins · 4.5% net margin
Low debt · generates free cash flow
0.97% dividend yield
Ranks above peers (10/15)
Narrow moat 32/100
Evidence: High Range 1.92 SGD – 3.19 SGD Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from 1.82 SGD to 2.55 SGD (+40.1%) since Aug 9, 2026. Share price +4.9% over the past month.

A solid business, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 1.92 SGD (bear) to 3.19 SGD (bull), base 2.55 SGD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 71/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

3.54 SGD 0.7101 SGD Fair Value 2.55 SGD May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.7101 SGD – 3.54 SGD · fair‑value band 1.92 SGD – 3.19 SGD · the 2.76 SGD price screens above the 2.55 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

FRENCKEN GROUP LIMITED (E28) currently trades at 2.76 SGD, while our model-based Fair Value estimate is 2.55 SGD, implying the stock looks roughly 7.6% fairly valued today. The Quality Score stands at 71/100 (solid quality), in the Technology 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, FRENCKEN GROUP LIMITED generated revenue of 865M SGD at a net margin of 4.5%. Revenue grew 2.9% year over year. It earns a return on equity of 8.6%. Net debt stands at 1.6M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1.92 SGD (bear case) to 3.19 SGD (bull case); at 2.76 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 129% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -46% fair-value upside, at -8%, E28 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
Growth DCF 3.60 SGD 4.83 SGD 6.35 SGD 80
Residual Income 0.8700 SGD 0.9200 SGD 0.9700 SGD 76
Rev-Margin DCF 2.24 SGD 2.94 SGD 3.75 SGD 74
All 26 models by family
DCF Models
FCF DCF 3.58 SGD 4.98 SGD 6.85 SGD 38
Owner Earnings 1.49 SGD 1.97 SGD 2.62 SGD 31
5Y Revenue Exit 2.24 SGD 2.88 SGD 3.65 SGD 39
5Y EBITDA Exit 2.98 SGD 4.27 SGD 5.73 SGD 41
5Y P/E Exit 2.68 SGD 3.69 SGD 4.73 SGD 38
10Y Revenue Exit 2.74 SGD 3.42 SGD 4.25 SGD 36
10Y EBITDA Exit 3.20 SGD 4.30 SGD 5.70 SGD 37
10Y P/E Exit 3.02 SGD 3.93 SGD 5.00 SGD 35
Earnings-Based
Graham-Dodd 0.6200 SGD 1.89 SGD 2.51 SGD 54
Lynch FV 0.4100 SGD 0.5800 SGD 0.7600 SGD 50
PEG = 1.0 0.4100 SGD 0.5800 SGD 0.7600 SGD 46
EPV 1.06 SGD 1.15 SGD 1.23 SGD 59
Dividend Discount
Gordon GGM 0.2000 SGD 0.3600 SGD 0.5000 SGD 70
DDM Multi-Stage 0.2000 SGD 0.3100 SGD 0.3900 SGD 61
Multiples
P/E Multiple 1.92 SGD 2.55 SGD 3.19 SGD 63
P/S Multiple 1.16 SGD 1.55 SGD 1.94 SGD 58
P/B Multiple 1.16 SGD 1.55 SGD 1.94 SGD 55
EV/EBIT 2.39 SGD 3.06 SGD 3.73 SGD 53
EV/EBITDA 2.88 SGD 3.71 SGD 4.54 SGD 54
EV/Revenue 1.39 SGD 1.83 SGD 2.27 SGD 43
Asset-Based
NCAV (Graham) 0.5500 SGD 0.7400 SGD 1.11 SGD 50
Growth DCF
Growth DCF 3.60 SGD 4.83 SGD 6.35 SGD 80
Rev-Margin DCF 2.24 SGD 2.94 SGD 3.75 SGD 74
Economic Profit
Residual Income 0.8700 SGD 0.9200 SGD 0.9700 SGD 76
ROIC Compounder 1.06 SGD 1.17 SGD 1.32 SGD 72
Growth Earnings
Growth-Adj P/E 1.53 SGD 2.19 SGD 2.85 SGD 68

Widest divergence: DCF Models (3.69 SGD) versus Dividend Discount (0.3100 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 865M SGD
Revenue growth (YoY) +2.9%
Net margin 4.5%
Return on equity 8.6%
Free cash flow 147M SGD FY2025
P/E ratio 30.7
More key figures
Operating margin 5.2%
EPS (TTM) 0.0900 SGD
Dividend yield 1.0%
EPS growth (YoY) +0.9%
Net debt 1.6M SGD FY2018

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 72 · Market factors (momentum, volatility) 66

Profitability 46
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 28
Calm price path (market factor)
Momentum 81
Price trend over the last 3–12 months (market factor)
52W Momentum 83
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

Frencken Group Limited, an investment holding company, provides original design, original equipment, and diversified integrated manufacturing solutions in Singapore, the Netherlands, People's Republic of China, and Malaysia. The company operates through the Mechatronics and Integrated Manufacturing Services (IMS) segments.

Full company description

Frencken Group Limited, an investment holding company, provides original design, original equipment, and diversified integrated manufacturing solutions in Singapore, the Netherlands, People's Republic of China, and Malaysia. The company operates through the Mechatronics and Integrated Manufacturing Services (IMS) segments. The Mechatronics segment designs, develops, and produces precision-engineered systems and machines, electromechanical assemblies, and high precision parts and components for original equipment manufacturers in the medical, semiconductor, analytical, pharmaceutical, and industrial/factory automation, aerospace, and other industries. It also offers value engineering, prototyping, program management, supply chain management, precision machining components and sheet metal parts manufacturing, and modular and equipment system assembly, integration, testing, and commissioning; process and manufacturing; production engineering; and turnkey project management and configuration control services. The IMS segment provides integrated contract design and manufacturing services to the automotive and office automation industries. This segment designs, engineers, manufactures, and sells filters; manufactures molds and dies, plastic products, and component sub-assemblies; and offers plastic injection moulding, fabrication/surface finishes, eco vapor deposition, and fully automated assembly and box build/final test, as well as designs and trades in micro-mechanical product components for automotive industry. The company also engages in property holding activities; and provides vacuum coating, thermal treatment, and other related services for plastic components, as well as produces, tests, and trades in adhesive and thermal management products. Frencken Group Limited was incorporated in 1999 and is headquartered in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FRENCKEN GROUP LIMITED reported revenue of 865M SGD in FY2025 versus 767M SGD in FY2021, a compound +3.1%/yr. Reported net income was 39.1M SGD in FY2025, compounding −9.7%/yr from FY2021.

Growth Quality 73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
865M SGD
Latest YoY
+8.9%
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.
+3.2%
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.
+6.9%
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.
+5.7%
Revenue +3.1%/yr
FY21 767M SGD
FY22 786M SGD
FY23 743M SGD
FY24 794M SGD
FY25 865M SGD
Net income −9.7%/yr
FY21 58.7M SGD
FY22 51.9M SGD
FY23 32.5M SGD
FY24 37.1M SGD
FY25 39.1M SGD

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Cite: Fair Value Calculator (2026). "FRENCKEN GROUP LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/E28

Peer Group

Scientific & Technical Instruments · 167 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 71 · Top 25%
Fair Value upside −8% · Above median
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 5% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 3% · Below median
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper

P/E (TTM) 30.7× · Cheaper than median
P/B 2.08× · Cheaper than median
P/S (TTM) 1.14× · Cheaper than median
P/FCF 6.7× · Cheaper than median
EV/EBITDA 12.4× · Cheaper than median
PEG 2.52× · 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 23 · sector 0
FUTURE 15 · sector 26
PAST 34 · sector 23
HEALTH 100 · sector 98
DIVIDEND 19 · sector 20

Values & ESG

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

None of the checked exposures detected

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

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10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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AVIC Chengdu Aircraft Company 302132 ¥57.89 ¥34.47 -40%
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Frequently asked questions

Is FRENCKEN GROUP LIMITED (E28) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 2.55 SGD versus a price of 2.76 SGD, about −8% (fairly valued).
What is the fair value of E28?
Our model-based fair value for FRENCKEN GROUP LIMITED is 2.55 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 2.76 SGD.
What is the quality score of E28?
FRENCKEN GROUP LIMITED has a Quality Score of 71/100. 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 FRENCKEN GROUP LIMITED (E28)?
FRENCKEN GROUP LIMITED reported trailing-twelve-month revenue of about 865M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of E28?
The net profit margin of FRENCKEN GROUP LIMITED is about 4.5%, meaning it keeps roughly 4.5% of revenue as net income. Based on the latest reported figures.
Does FRENCKEN GROUP LIMITED pay a dividend?
FRENCKEN GROUP LIMITED currently shows a dividend yield of about 0.97% relative to its recent price (as of Aug 13, 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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