OUE LIMITED (LJ3) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of OUE LIMITED S$2.29, price S$0.91, upside +153.0%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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OUE Limited operates as a real estate development, investment, and management company in Singapore, the People's Republic of China, Japan, and Indonesia. It operates through Real Estate, Healthcare, and Others segments.
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OUE Limited operates as a real estate development, investment, and management company in Singapore, the People's Republic of China, Japan, and Indonesia. It operates through Real Estate, Healthcare, and Others segments. The Real Estate segment comprises investment properties and fund management business, including rental of investment properties and management of real estate funds and investment properties under development; hospitality business, such as operation of hotels and hotel management; and development properties business, which engages in the sale of residential properties and other properties under development. Its Healthcare segment is involved in the operation of investment holdings, development of medical real estate, healthcare-related assets, and integrated mixed-use developments; and provision of healthcare services and management of healthcare investment trusts. The Others segment operates food and beverage outlets and consumer-related investments. The company was formerly known as Overseas Union Enterprise Limited. OUE Limited was incorporated in 1964 and is headquartered in Singapore. OUE Limited is a subsidiary of Oue Realty Pte Ltd. OUE Limted was incorporated in 1964 in Singapore.
Stock analysis
OUE LIMITED (LJ3) currently trades at 0.9050 SGD, while our model-based Fair Value estimate is 2.29 SGD, implying the stock looks roughly 60.5% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 3.85 SGD per share, and 11 of the 11 models we run sit above the 0.9050 SGD price.
Bear case: the Growth DCF group reads lowest at 1.59 SGD, and 0 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: 1.05 SGD (bear) to 3.81 SGD (bull), the price of 0.9050 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 58/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
OUE LIMITED reported revenue of 617M SGD in FY2025 versus 301M SGD in FY2021, a compound +19.7%/yr. Reported net income was −219M SGD in FY2025.
Key figures
Market cap 680M SGD (≈ $532M) · P/S ratio 1.08 · EPS (TTM) −0.4900 SGD · Dividend yield 2.2% · Net margin −35.5% · Return on equity −6.4% · Return on assets (EBIT) 2.2% · Operating margin 33.0%.
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 29% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −48% fair-value upside, at 153%, LJ3 screens cheaper than that median.
Fair Value models
Bear 1.05 SGDFair Value 2.29 SGDBull 3.81 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.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.35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−4.6%
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.
+7.9%
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.
+3.1%
Start year 2020 (pandemic). Over 10 years: +3.6% 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.
+2.9%
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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.
30.8% (2019) → 34.8% (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
A lot of optimism in the price
The price assumes more growth than 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).
+6.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about +4.1% 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.Real Estate - Diversified · 129 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+153.0% · Top 25%
Profitability
Return on assets1.6% · Below median
Net margin (TTM)−58.5% · Bottom 25%
Operating margin (TTM)33.0% · Above median
Growth and dividend
Revenue growth5.3% · Above median
Dividend yield (TTM)2.2% · Below median
Balance sheet
Debt / equity0.72× · Above median
Valuation Multiplesvs Real Estate - Diversified median · lower = cheaper
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Cite: Fair Value Calculator (2026). "OUE LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/LJ3
Frequently asked questions
Is OUE LIMITED (LJ3) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 2.29 SGD versus a price of 0.9050 SGD, about +153% upside (undervalued).
What is the fair value of LJ3?
Our model-based fair value for OUE LIMITED is 2.29 SGD (as of Oct 2, 2026), built from audited fundamentals. The current price: 0.9050 SGD.
What is the quality score of LJ3?
OUE LIMITED has a Quality Score of 58/100. 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 OUE LIMITED (LJ3)?
Our model-based price target is the fair value of 2.29 SGD (as of Oct 2, 2026) from 11 valuation models. Cautious scenario 1.05 SGD, optimistic scenario 3.81 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the OUE LIMITED stock forecast for 2026?
Our models put fair value at 2.29 SGD, about +153% upside versus a price of 0.9050 SGD (undervalued). Cautious scenario 1.05 SGD, optimistic scenario 3.81 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of OUE LIMITED (LJ3)?
OUE LIMITED reported trailing-twelve-month revenue of about 633M SGD (latest available figure, as of Oct 2, 2026).
Does OUE LIMITED pay a dividend?
OUE LIMITED currently shows a dividend yield of about 2.21% relative to its recent price (as of Oct 2, 2026).
What growth is priced into OUE LIMITED (LJ3)?
For today's price to be fair in a discounted-cash-flow model, OUE LIMITED would have to grow free cash flow by +6.2 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.1 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of LJ3 use?
Our models discount OUE LIMITED at 9.6 %: a base by market capitalisation (small), damped by beta 0.29, 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 OUE LIMITED that is +6.2 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has OUE LIMITED (LJ3) delivered so far?
Over the past 5 years revenue at OUE LIMITED grew +3.1 % a year. The price currently implies +6.2 % 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 OUE LIMITED (LJ3) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into OUE LIMITED (+6.2 % 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 OUE LIMITED (LJ3)?
The free-cash-flow yield on the price is 26.01 %: that much free cash flow OUE LIMITED produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of OUE LIMITED (LJ3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For OUE LIMITED it is 2.29 SGD per share (as of Oct 2, 2026), against a price of 0.9050 SGD. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is OUE LIMITED stock overvalued or undervalued in 2026?
As of Oct 2, 2026, LJ3 trades below its calculated fair value: price 0.9050 SGD, fair value 2.29 SGD, a gap of about +153% (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 LJ3?
No. The price is what the market pays today (0.9050 SGD); the fair value is what the company's own numbers justify (2.29 SGD). For OUE LIMITED the two are 1.39 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is OUE LIMITED worth?
The market values OUE LIMITED at about 680M SGD (market capitalisation, as of Oct 2, 2026). Per share that is 0.9050 SGD; our models calculate a fair value of 2.29 SGD per share.
What do the bullish and bearish scenarios say about LJ3?
Our models span a range for OUE LIMITED: cautious scenario 1.05 SGD, base 2.29 SGD, optimistic 3.81 SGD per share (as of Oct 2, 2026, price 0.9050 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of LJ3?
The PEG ratio of OUE LIMITED is 2.84 (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 OUE LIMITED (LJ3)?
Balance-sheet figures for OUE LIMITED (as of Oct 2, 2026): return on equity −6.4%, debt of 0.72 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is LJ3 from its 52-week high?
OUE LIMITED trades at 0.9050 SGD, about 29% below its 52-week high of 1.27 SGD and at the low of 0.9050 SGD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 2.29 SGD is for.
Which stocks are comparable to OUE LIMITED?
From the same area (Real Estate) we also value Henderson Land Development Company, Swiss Prime Site AG, Central Pattana Public Company, The Phoenix Mills 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 OUE LIMITED stock attractive at the current price?
The data as of Oct 2, 2026: price 0.9050 SGD, calculated fair value 2.29 SGD (+153%), Quality Score 58/100, from 11 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 LJ3 calculated?
We run OUE LIMITED through 11 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 2.29 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. OUE LIMITED currently trades 60 % 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 OUE LIMITED (LJ3)?
The closing price on Oct 2, 2026 was 0.9050 SGD. Our model-based fair value is 2.29 SGD, about +153% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with OUE LIMITED right now?
The price is below even our cautious bear case (1.05 SGD). The market is more pessimistic than our downside scenario. The model range is unusually wide (1.05 SGD to 3.81 SGD). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of OUE LIMITED
How large is the market capitalisation of OUE LIMITED (LJ3)?
The market capitalisation of OUE LIMITED is 680M SGD (≈ $532M). 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 OUE LIMITED (LJ3)?
The price-to-sales ratio of OUE LIMITED is 1.08 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of OUE LIMITED (LJ3)?
Earnings per share at OUE LIMITED are −0.4900 SGD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of OUE LIMITED (LJ3)?
The dividend yield of OUE LIMITED is 2.2%. 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 OUE LIMITED (LJ3)?
The net margin of OUE LIMITED is −35.5% (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 OUE LIMITED (LJ3)?
The return on equity (ROE) of OUE LIMITED is −6.4% (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 OUE LIMITED (LJ3)?
On an EBIT basis the return on assets of OUE LIMITED is 2.2% (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 OUE LIMITED (LJ3)?
The operating margin of OUE LIMITED is 33.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at OUE LIMITED (LJ3)?
Revenue at OUE LIMITED is growing +5.3% versus a year earlier (3y avg +7.9%). 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 OUE LIMITED (LJ3)?
Earnings per share at OUE LIMITED are growing −59.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does OUE LIMITED (LJ3) carry?
The net debt of OUE LIMITED is 2.6B SGD (fiscal year 2025, ≈ 14.7 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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