BOUSTEAD SINGAPORE LIMITED (F9D) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of BOUSTEAD SINGAPORE LIMITED S$3.33, price S$1.77, upside +88.1%, quality 61 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range 0.6303 SGD – 2.57 SGD · fair‑value band 2.67 SGD – 4.51 SGD · the 1.77 SGD price screens below the 3.33 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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Boustead Singapore Limited, an investment holding company, provides energy engineering, real estate, geospatial, and healthcare technology solutions in Singapore, Australia, Malaysia, the United States, Europe, rest of Asia Pacific, North and South America, the Middle East, and Africa.
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Boustead Singapore Limited, an investment holding company, provides energy engineering, real estate, geospatial, and healthcare technology solutions in Singapore, Australia, Malaysia, the United States, Europe, rest of Asia Pacific, North and South America, the Middle East, and Africa. The company designs, engineers, and supplies direct-fired process heater systems, waste heat recovery units, and process control systems for the oil and gas, and petrochemical industries; designs, produces, commissions, and maintains wellhead control panels and hydraulic power units, integrated control and safety shutdown systems, telemetry systems, and chemical injection skids; and deals in rehabilitation equipment and related biomedical products. It also distributes professional services and solutions to Esri ArcGIS, the geographic information system, and smart mapping and location analytics platform; distributes, rents and repairs, and maintains medical appliance and sport science; and provides smart eco-sustainable real estate solutions, including engineering and construction, development management, asset and leasing management, and funds and investment management for real estate. In addition, the company provides management, professional, and training services; design, engineering, project and construction management and property-related services; private real estate trust services; equipment and services for fired heaters and furnaces from design conception to turnkey supply; onshore and offshore oil and gas field and facility services; electrical measuring and control systems, non-electrical measuring and control systems, and safety control systems and panels; medical solutions and services to address age-related chronic diseases and mobility issues on rehabilitative care and sports science, as well as holds, manages, and rents properties; and develops industrial spaces for lease/sale. Boustead Singapore Limited was founded in 1828 and is headquartered in Singapore.
Stock analysis
BOUSTEAD SINGAPORE LIMITED (F9D) currently trades at 1.77 SGD, while our model-based Fair Value estimate is 3.33 SGD, implying the stock looks roughly 46.8% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 6.87 SGD per share, and 5 of the 6 models we run sit above the 1.77 SGD price.
Bear case: the Asset-Based group reads lowest at 1.02 SGD, and 1 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: 2.67 SGD (bear) to 4.51 SGD (bull), the price of 1.77 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 61/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
BOUSTEAD SINGAPORE LIMITED reported revenue of 624M SGD in FY2026 versus 632M SGD in FY2022, a compound −0.3%/yr. Reported net income was 233M SGD in FY2026, compounding +66.1%/yr from FY2022.
Key figures
Market cap 893M SGD (≈ $697M) · P/E ratio 3.8 · P/S ratio 1.40 · EPS (TTM) 0.4700 SGD · Dividend yield 3.1% · Net margin 37.2% · Return on equity 33.5% · Return on assets (EBIT) 6.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 31% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −16% fair-value upside, at 88%, F9D screens cheaper than that median.
Fair Value models
Bear 2.67 SGDFair Value 3.33 SGDBull 4.51 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 2026 figures (about 6 months old). Earnings retained since then (0.2103 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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. Basis: EBIT basis.
≈ +5.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.2%
Dividend (yield on the price)3.1%
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.48.7% vs 22.8%, picking up
Profit margin 2021 to 2026 ⓘ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% → 12%
Start year 2021 (pandemic)
⚠ Rate on operating basis: 2026 sits 243% above its own trend.
Compare BOUSTEAD SINGAPORE LIMITED with another stock
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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.Conglomerates · 365 stocks
Beats the industry median on 10/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside+87.1% · Top 25%
Profitability
Return on equity (TTM)33.5% · Top 25%
Return on assets4.1% · Above median
Net margin (TTM)37.3% · Top 25%
Operating margin (TTM)9.7% · Above median
Growth and dividend
Revenue growth42.5% · Top 25%
Dividend yield (TTM)3.1% · Above median
Valuation Multiplesvs Conglomerates median · lower = cheaper
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.
Is BOUSTEAD SINGAPORE LIMITED (F9D) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 3.33 SGD versus a price of 1.77 SGD, about +88% upside (undervalued).
What is the fair value of F9D?
Our model-based fair value for BOUSTEAD SINGAPORE LIMITED is 3.33 SGD (as of Oct 2, 2026), built from audited fundamentals. The current price: 1.77 SGD.
What is the quality score of F9D?
BOUSTEAD SINGAPORE LIMITED has a Quality Score of 61/100. 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 BOUSTEAD SINGAPORE LIMITED (F9D)?
Our model-based price target is the fair value of 3.33 SGD (as of Oct 2, 2026) from 6 valuation models. Cautious scenario 2.67 SGD, optimistic scenario 4.51 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the BOUSTEAD SINGAPORE LIMITED stock forecast for 2026?
Our models put fair value at 3.33 SGD, about +88% upside versus a price of 1.77 SGD (undervalued). Cautious scenario 2.67 SGD, optimistic scenario 4.51 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of BOUSTEAD SINGAPORE LIMITED (F9D)?
BOUSTEAD SINGAPORE LIMITED reported trailing-twelve-month revenue of about 624M SGD (latest available figure, as of Oct 2, 2026).
Does BOUSTEAD SINGAPORE LIMITED pay a dividend?
BOUSTEAD SINGAPORE LIMITED currently shows a dividend yield of about 3.11% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of BOUSTEAD SINGAPORE LIMITED (F9D)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BOUSTEAD SINGAPORE LIMITED it is 3.33 SGD per share (as of Oct 2, 2026), against a price of 1.77 SGD. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is BOUSTEAD SINGAPORE LIMITED stock overvalued or undervalued in 2026?
As of Oct 2, 2026, F9D trades below its calculated fair value: price 1.77 SGD, fair value 3.33 SGD, a gap of about +88% (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 F9D?
No. The price is what the market pays today (1.77 SGD); the fair value is what the company's own numbers justify (3.33 SGD). For BOUSTEAD SINGAPORE LIMITED the two are 1.56 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is BOUSTEAD SINGAPORE LIMITED worth?
The market values BOUSTEAD SINGAPORE LIMITED at about 893M SGD (market capitalisation, as of Oct 2, 2026). Per share that is 1.77 SGD; our models calculate a fair value of 3.33 SGD per share.
What do the bullish and bearish scenarios say about F9D?
Our models span a range for BOUSTEAD SINGAPORE LIMITED: cautious scenario 2.67 SGD, base 3.33 SGD, optimistic 4.51 SGD per share (as of Oct 2, 2026, price 1.77 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of F9D?
BOUSTEAD SINGAPORE LIMITED trades at a price-to-earnings ratio of 3.8 (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 3.33 SGD is built from several models across several years. Other multiples: P/B 1.1, P/S 1.4, EV/EBITDA 6.8.
How solid is the balance sheet of BOUSTEAD SINGAPORE LIMITED (F9D)?
Balance-sheet figures for BOUSTEAD SINGAPORE LIMITED (as of Oct 2, 2026): return on equity 33.5%. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is F9D from its 52-week high?
BOUSTEAD SINGAPORE LIMITED trades at 1.77 SGD, about 31% below its 52-week high of 2.57 SGD and 9% above the low of 1.63 SGD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 3.33 SGD is for.
Which stocks are comparable to BOUSTEAD SINGAPORE LIMITED?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Swire Pacific Limited, 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 BOUSTEAD SINGAPORE LIMITED stock attractive at the current price?
The data as of Oct 2, 2026: price 1.77 SGD, calculated fair value 3.33 SGD (+88%), Quality Score 61/100, from 6 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 F9D calculated?
We run BOUSTEAD SINGAPORE LIMITED through 6 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 3.33 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. BOUSTEAD SINGAPORE LIMITED currently trades 47 % 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 BOUSTEAD SINGAPORE LIMITED (F9D)?
The closing price on Oct 2, 2026 was 1.77 SGD. Our model-based fair value is 3.33 SGD, about +88% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BOUSTEAD SINGAPORE LIMITED right now?
The price is below even our cautious bear case (2.67 SGD). The market is more pessimistic than our downside scenario. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of BOUSTEAD SINGAPORE LIMITED
How large is the market capitalisation of BOUSTEAD SINGAPORE LIMITED (F9D)?
The market capitalisation of BOUSTEAD SINGAPORE LIMITED is 893M SGD (≈ $697M). 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 BOUSTEAD SINGAPORE LIMITED (F9D)?
The price-to-sales ratio of BOUSTEAD SINGAPORE LIMITED is 1.40 (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 BOUSTEAD SINGAPORE LIMITED (F9D)?
Earnings per share at BOUSTEAD SINGAPORE LIMITED are 0.4700 SGD (price ÷ EPS = P/E 3.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BOUSTEAD SINGAPORE LIMITED (F9D)?
The dividend yield of BOUSTEAD SINGAPORE LIMITED is 3.1% (payout 11.7%). 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 BOUSTEAD SINGAPORE LIMITED (F9D)?
The net margin of BOUSTEAD SINGAPORE LIMITED is 37.2% (fiscal year 2026). 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 BOUSTEAD SINGAPORE LIMITED (F9D)?
The return on equity (ROE) of BOUSTEAD SINGAPORE LIMITED is 33.5% (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 BOUSTEAD SINGAPORE LIMITED (F9D)?
On an EBIT basis the return on assets of BOUSTEAD SINGAPORE LIMITED is 6.2% (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 BOUSTEAD SINGAPORE LIMITED (F9D)?
The operating margin of BOUSTEAD SINGAPORE LIMITED is 9.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BOUSTEAD SINGAPORE LIMITED (F9D)?
Revenue at BOUSTEAD SINGAPORE LIMITED is growing +42.5% versus a year earlier (3y avg +3.6%). 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 BOUSTEAD SINGAPORE LIMITED (F9D)?
Earnings per share at BOUSTEAD SINGAPORE LIMITED are growing +226% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does BOUSTEAD SINGAPORE LIMITED (F9D) generate?
The free cash flow of BOUSTEAD SINGAPORE LIMITED is −84.0M SGD (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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