FRENCKEN GROUP LIMITED (E28) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of FRENCKEN GROUP LIMITED S$2.31, price S$2.63, upside -12.2%, quality 71 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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.
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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.
Stock analysis
FRENCKEN GROUP LIMITED (E28) currently trades at 2.63 SGD, while our model-based Fair Value estimate is 2.31 SGD, 12.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 3.38 SGD per share, and 11 of the 26 models we run sit above the 2.63 SGD price.
Bear case: the Dividend Discount group reads lowest at 0.2800 SGD, and 15 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 1.73 SGD (bear) to 2.89 SGD (bull), the price of 2.63 SGD sits inside 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 71/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
Key figures
Market cap 1.3B SGD (≈ $994M) · P/E ratio 29.2 · P/S ratio 1.32 · EPS (TTM) 0.0900 SGD · Dividend yield 1.1% · Net margin 4.5% · Return on equity 8.3% · Return on assets (EBIT) 7.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 100% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −37% fair-value upside, at −12%, E28 screens cheaper than that median.
Fair Value models
Bear 1.73 SGDFair Value 2.31 SGDBull 2.89 SGD
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0467 SGD per share) are deliberately not added.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.73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+8.9%
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.
+3.2%
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.
+6.9%
Start year 2020 (pandemic). Over 10 years: +7.0% 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.
+5.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−0.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.7%
Dividend (yield on the price)1.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−1.7% vs 8.9%, slowing
Profit margin 2020 to 2025 ⓘ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.9% → 6%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−6.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about −8.4% a year for the price and +4.2% for the forecasts.
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.Scientific & Technical Instruments · 149 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "FRENCKEN GROUP LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/E28
Frequently asked questions
Is FRENCKEN GROUP LIMITED (E28) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 2.31 SGD versus a price of 2.63 SGD, about −12% upside (overvalued).
What is the fair value of E28?
Our model-based fair value for FRENCKEN GROUP LIMITED is 2.31 SGD (as of Oct 2, 2026), built from audited fundamentals. The current price: 2.63 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 price target for FRENCKEN GROUP LIMITED (E28)?
Our model-based price target is the fair value of 2.31 SGD (as of Oct 2, 2026) from 26 valuation models. Cautious scenario 1.73 SGD, optimistic scenario 2.89 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the FRENCKEN GROUP LIMITED stock forecast for 2026?
Our models put fair value at 2.31 SGD, about −12% upside versus a price of 2.63 SGD (overvalued). Cautious scenario 1.73 SGD, optimistic scenario 2.89 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of FRENCKEN GROUP LIMITED (E28)?
FRENCKEN GROUP LIMITED reported trailing-twelve-month revenue of about 862M SGD (latest available figure, as of Oct 2, 2026).
Does FRENCKEN GROUP LIMITED pay a dividend?
FRENCKEN GROUP LIMITED currently shows a dividend yield of about 1.06% relative to its recent price (as of Oct 2, 2026).
What growth is priced into FRENCKEN GROUP LIMITED (E28)?
For today's price to be fair in a discounted-cash-flow model, FRENCKEN GROUP LIMITED would have to grow free cash flow by -6.6 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.9 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of E28 use?
Our models discount FRENCKEN GROUP LIMITED at 11.9 %: a base by market capitalisation (small), damped by beta 1.31, 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 FRENCKEN GROUP LIMITED that is -6.6 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has FRENCKEN GROUP LIMITED (E28) delivered so far?
Over the past 5 years revenue at FRENCKEN GROUP LIMITED grew +6.9 % a year. The price currently implies -6.6 % 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 FRENCKEN GROUP LIMITED (E28) growing?
The median revenue growth in the sector is +9.6 % a year. That is the yardstick for the growth priced into FRENCKEN GROUP LIMITED (-6.6 % 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 FRENCKEN GROUP LIMITED (E28)?
The free-cash-flow yield on the price is 13.09 %: that much free cash flow FRENCKEN GROUP LIMITED produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of FRENCKEN GROUP LIMITED (E28)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FRENCKEN GROUP LIMITED it is 2.31 SGD per share (as of Oct 2, 2026), against a price of 2.63 SGD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is FRENCKEN GROUP LIMITED stock overvalued or undervalued in 2026?
As of Oct 2, 2026, E28 trades above its calculated fair value: price 2.63 SGD, fair value 2.31 SGD, a gap of about −12% (overvalued). 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 E28?
No. The price is what the market pays today (2.63 SGD); the fair value is what the company's own numbers justify (2.31 SGD). For FRENCKEN GROUP LIMITED the two are 0.3200 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is FRENCKEN GROUP LIMITED worth?
The market values FRENCKEN GROUP LIMITED at about 1.3B SGD (market capitalisation, as of Oct 2, 2026). Per share that is 2.63 SGD; our models calculate a fair value of 2.31 SGD per share.
What do the bullish and bearish scenarios say about E28?
Our models span a range for FRENCKEN GROUP LIMITED: cautious scenario 1.73 SGD, base 2.31 SGD, optimistic 2.89 SGD per share (as of Oct 2, 2026, price 2.63 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of E28?
FRENCKEN GROUP LIMITED trades at a price-to-earnings ratio of 29.2 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2.31 SGD is built from several models across several years. Other multiples: PEG 2.5, P/B 2.7, P/S 1.5, EV/EBITDA 16.5.
What is the PEG ratio of E28?
The PEG ratio of FRENCKEN GROUP LIMITED is 2.52 (P/E divided by earnings growth, as of Oct 2, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of FRENCKEN GROUP LIMITED (E28)?
Balance-sheet figures for FRENCKEN GROUP LIMITED (as of Oct 2, 2026): return on equity 8.6%, debt of 0.00 per unit of equity. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is E28 from its 52-week high?
FRENCKEN GROUP LIMITED trades at 2.63 SGD, about 26% below its 52-week high of 3.54 SGD and 100% above the low of 1.32 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 2.31 SGD is for.
Which stocks are comparable to FRENCKEN GROUP LIMITED?
From the same area (Technology) we also value Keysight Technologies, Inc, Coherent Corp, Garmin Ltd, Chroma ATE Inc, 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 FRENCKEN GROUP LIMITED stock attractive at the current price?
The data as of Oct 2, 2026: price 2.63 SGD, calculated fair value 2.31 SGD (−12%), Quality Score 71/100, from 26 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 E28 calculated?
We run FRENCKEN GROUP LIMITED through 26 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 2.31 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 14.5 % above its aggregate fair value. FRENCKEN GROUP LIMITED 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 FRENCKEN GROUP LIMITED (E28)?
The closing price on Oct 1, 2026 was 2.63 SGD. Our model-based fair value is 2.31 SGD, about −12% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FRENCKEN GROUP LIMITED right now?
The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Key figures of FRENCKEN GROUP LIMITED
How large is the market capitalisation of FRENCKEN GROUP LIMITED (E28)?
The market capitalisation of FRENCKEN GROUP LIMITED is 1.3B SGD (≈ $994M). 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 FRENCKEN GROUP LIMITED (E28)?
The price-to-sales ratio of FRENCKEN GROUP LIMITED is 1.32 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of FRENCKEN GROUP LIMITED (E28)?
Earnings per share at FRENCKEN GROUP LIMITED are 0.0900 SGD (price ÷ EPS = P/E 29.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of FRENCKEN GROUP LIMITED (E28)?
The dividend yield of FRENCKEN GROUP LIMITED is 1.1% (payout 31.1%). 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 FRENCKEN GROUP LIMITED (E28)?
The net margin of FRENCKEN GROUP LIMITED is 4.5% (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 FRENCKEN GROUP LIMITED (E28)?
The return on equity (ROE) of FRENCKEN GROUP LIMITED is 8.3% (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 FRENCKEN GROUP LIMITED (E28)?
On an EBIT basis the return on assets of FRENCKEN GROUP LIMITED is 7.1% (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 FRENCKEN GROUP LIMITED (E28)?
The operating margin of FRENCKEN GROUP LIMITED is 5.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FRENCKEN GROUP LIMITED (E28)?
Revenue at FRENCKEN GROUP LIMITED is growing −0.8% versus a year earlier (3y avg +3.2%). 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 FRENCKEN GROUP LIMITED (E28)?
Earnings per share at FRENCKEN GROUP LIMITED are growing −4.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does FRENCKEN GROUP LIMITED (E28) carry?
The net debt of FRENCKEN GROUP LIMITED is 1.6M SGD (fiscal year 2018, ≈ 0.0 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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